Newbies & Newbie Currencies

[BitClad]

What currencies do you think have the best chance of succeeding (not including Bitcoin)? Do you own any of them? Are any of them a threat to Bitcoin?

[1715373060]

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[press]

Gold?

[nobbynobbynoob]

Litecoin and maybe Ripple, though they can complement Bitcoin rather than threaten it.

[ShireSilver]

Oh how I wish Shire Silver could pose a threat to bitcoin but actually it does seem to complement it well.

I see ripple as a way to add flexibility to the basic bitcoin economy, expanding and subtracting supply through self-clearing debt mechanisms mostly used in a B2B fashion.

IMHO for a new currency to successfully compete against bitcoin on its own territory it would have to have recurring payments as well as significantly faster (as in seconds) confirmations.

[brezle]

Litecoin, Terracoin and may Ripple.

Sometimes I'm mining LTC with my CPU, lol :/
Hope it pays out later.

[Korbman]

Hope it pays out later.

This has been everyone's argument for every virtual currency..even when Bitcoin when it first started (for some people). However, Bitcoin has grown substantially over the past 4 years...and no other altcoin has anywhere near the same usefulness as Bitcoin thus far.

Ask yourself how Bitcoin gained value (think Silk Road, mass publicity, "amazing never-before-done currency", etc). Do you think altcoins will be able to gain the same ground outside this community?

[Marvalo]

Thanks for linking Shiresilver, that's actually pretty interesting.  Not to hijack the thread.

I really think the "wowing" factor is gone when it comes to virtual currencies.  BTC has broken doors and come a long way... I really don't see anything else coming anywhere close.

[sagiseiko]

What currencies do you think have the best chance of succeeding (not including Bitcoin)? Do you own any of them? Are any of them a threat to Bitcoin?

It is a very difficult question to answer. You would need to define 'success'. This can be done in a variety of ways. Common measures for success are how widespread the adoption rate is, long-term stability, public awareness, legality, general image, etc. When in the early 2000s Second Life emerged as a social phenomenon, many tech-savvy people were aware that products in SL could be bought using Linden Dollars. However, LD did not widely evolve as a currency beyond the game it was designed for. On a public awareness scale it was a success, but based on the acceptance rate, not so much.

Over the years I have seen quite a few alternative currencies come and go. I like to think of myself as a numismatist of the modern age.   

[Walter Rothbard]

What currencies do you think have the best chance of succeeding (not including Bitcoin)? Do you own any of them? Are any of them a threat to Bitcoin?

Terracoin.  I don't think it's a "threat" to bitcoin.  I think they complement each other.  And I think it's a great alternate currency for a newbie to get started in and play around with.

Get a TRC address and post it here, and I'll send you 5 TRC.

[ShireSilver]

Would it be too much to lock in a 1 gram silver purchase in this thread. I'll trade 0.08 BTC for one of your 1 gram silver cards. We PM over detail and the shipping address then you post a receiving address here before I send.

Why not just use the website? 0.08btc is a good price for the card, but shipping is around $3 for domestic U.S. as I always use tracking and ship as a package and not a letter. The website automatically calculates international shipping as well.

[gaazje]

I think Bitcoin will stay in the lead..but there are plenty more options
https://bitcointalk.org/index.php?topic=134179.0

[UncleBuckRIU]

I made a raffle thread, FREEEEEE bitcoins, hurry!!!!

https://bitcointalk.org/index.php?topic=147397.msg1564833#msg1564833

[BBQKorv]

Bitcoin will stay on the lead, but maybe those alternatives get more speed when ASICs rule gpu's out of BTC.

[kha0S]

I've created my first pool.

http://nvc.khore.org/