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Author Topic: Alternate cryptocurrencies child board: Bitcoin and alternate cryptocurrencies  (Read 743 times)
amincd
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March 21, 2013, 05:11:15 PM
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I notice a few altcoin promoters make a lot of threads in the main bitcoin discussion board mentioning both bitcoin and one of the altcoins, usually litecoin, and I think they make it relate to bitcoin to try to keep their thread from being moved to the 'Alternate cryptocurrencies' childboard, so that they can promote the new blockchain to mainstream bitcoin users.

I think it's fine if people want to promote an altcoin, but doing it in a bitcoin discussion board isn't appropriate, given it's an attempt to cannibalize bitcoin users, and if successful, would reduce the integrity of the scarcity of the bitcoin-like-currency money supply.

Therefore, I want to suggest creating a new child board in the Alternate cryptocurrencies section called 'Bitcoin and alternate cryptocurrencies', and moving those types of threads to them.

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March 26, 2013, 12:48:23 PM
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The "alternate cryptocurrencies" sub-board has been around for a good deal of time, yes? Probably considerably longer than I've been on Bitcointalk? Although I've been a regular user of this forum for some months, I discovered Litecoin via BTC-e, oddly enough, not on here first.

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March 26, 2013, 10:24:18 PM
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I notice a few altcoin promoters make a lot of threads in the main bitcoin discussion board mentioning both bitcoin and one of the altcoins, usually litecoin, and I think they make it relate to bitcoin to try to keep their thread from being moved to the 'Alternate cryptocurrencies' childboard, so that they can promote the new blockchain to mainstream bitcoin users.

I think it's fine if people want to promote an altcoin, but doing it in a bitcoin discussion board isn't appropriate, given it's an attempt to cannibalize bitcoin users, and if successful, would reduce the integrity of the scarcity of the bitcoin-like-currency money supply.

Therefore, I want to suggest creating a new child board in the Alternate cryptocurrencies section called 'Bitcoin and alternate cryptocurrencies', and moving those types of threads to them.



Why couldn't other altcoins exist concurrent with bitcoin?

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amincd
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March 27, 2013, 10:15:32 PM
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Quote from: nobbynobbynoob
The "alternate cryptocurrencies" sub-board has been around for a good deal of time, yes?

It's been around for one or two years, I don't know exactly.

Quote from: LaTanque
Why couldn't other altcoins exist concurrent with bitcoin?

It's in the interest of the bitcoin community to only promote one blockchain based on bitcoin software. Promoting an endless number of blockchains with virtually identical software is the same as ignoring the 21 million coin limit.

To the extent that this happens, the appeal of all bitcoin-like-currency is reduced because the perceived scarcity of the coins diminishes, and I think this hurts growth in the total market cap.

It has the added disadvantage of fragmenting the network, making it less useful to each individual.
amincd
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April 05, 2013, 04:59:58 AM
 #5

Another example of marketing the litecoin copycat coins in the bitcoin forum:

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