Would it be fair to say no one actually uses any of these alts...

[nextgencoin]

I honestly don't believe anyone actually uses any of these alt coins. Covals main focus is instead of hype to get real usage and admittedly that usage is zero so far. So seriously is anyone actually using any of these platforms. I highly doubt it which means the whole thing is bullshit speculation and likely to crash.

[1715076757]

1715076757

[1715076757]

1715076757

[Shiroslullaby]

99.99% of altcoins are just for trading.
98% of coins probably die off in the first year or two.
(I'm sure someone has the actual statistics.)

Most devs don't actually care about the coin for the long term, anyways.
They care about an ICO, or premine so they can dump on the exchange, take their profits and let the coin die off.

[Carpeaux]

some casinos accept some of them

but most coins aren't accepted anywhere

[TrueAnon]

^^ true .

WBB (new name soon) will be being used by major insurance co's in the coming weeks, so that's good at least!  

[NorrisK]

Yeah, most of the altcoins are and will never be used for anything else than speculation.

Those coins include mainly copycat coins, which never added anything to the mix other than a lot of hype and promises.

There are also quite a few promising projects with real world potential.

[Sebastien256]

Nxt decentralized exchange is actually used by some business for profit sharing (since 2 years and a half now).
https://nxt.org/

That the best alt around imo.
You can check all the changelog here:
https://nxtforum.org/nrs-releases/

Nxt is strongly support by the core devs.

It is actually Nxt third birthday today.

[European Central Bank]

I honestly don't believe anyone actually uses any of these alt coins. Covals main focus is instead of hype to get real usage and admittedly that usage is zero so far. So seriously is anyone actually using any of these platforms. I highly doubt it which means the whole thing is bullshit speculation and likely to crash.

effectively nothing's being used. but i don't believe a crash is imminent. i think everyone implicitly knows it's all bullshit and empty hype. there'll always the be desire for a pump. that desire might move to new coins but it's not going anywhere.

[audaciousbeing]

99.99% of altcoins are just for trading.
98% of coins probably die off in the first year or two.
(I'm sure someone has the actual statistics.)

Most devs don't actually care about the coin for the long term, anyways.
They care about an ICO, or premine so they can dump on the exchange, take their profits and let the coin die off.

I agree with this position as most of the developers are only interested in the money that will come from ICO after the initial hype, then it dies off also most of them dont give it necessary support to the coin if anyone is still existing after the time frame you stated and later they will say they want to replace Bitcoin. Is that how it is done? I won't be surprised if the ones we are having now can't even stay that long.

[The Sceptical Chymist]

Which ones are you talking about specifically?   Regardless,  you're right.  No one spends them, but that doesn't necessarily mean they're useless,  and it certainly doesn't imply that they don't have value.  The bigger ones do, most are headed for the Yobit graveyard though.

[alyssa85]

Some alts are developing commercial systems around them. You can earning steem by writing on steemit. And you can buy and sell things using steem on peerhub:

https://www.peerhub.com/

[fortunecrypto]

Some have uses in fact some altcoins has their own merchant stores like Doge,Ethereum and litecoin but majority of them are just for trading purposes,and clone of existing coins,but there are profit to be made trading these altcoins.

[bbc.reporter]

99.99% of altcoins are just for trading.
98% of coins probably die off in the first year or two.
(I'm sure someone has the actual statistics.)

Most devs don't actually care about the coin for the long term, anyways.
They care about an ICO, or premine so they can dump on the exchange, take their profits and let the coin die off.

Some would say that all altcoins are based only on speculative value. They are called as "bitcoin maximalists" by the supporters of different altcoins but who can really blame the bitcoin maximalists? The development teams of almost all altcoins have scammed the community in different ways while pretending that the project their building will be the future. Some I give the benefit of the doubt like the developers of Monero. They are not a scam yet but the truth about them will come out in time. The same with Ethereum.

[smokim87]

99.99% of altcoins are just for trading.
98% of coins probably die off in the first year or two.
(I'm sure someone has the actual statistics.)

Most devs don't actually care about the coin for the long term, anyways.
They care about an ICO, or premine so they can dump on the exchange, take their profits and let the coin die off.

Some would say that all altcoins are based only on speculative value. They are called as "bitcoin maximalists" by the supporters of different altcoins but who can really blame the bitcoin maximalists? The development teams of almost all altcoins have scammed the community in different ways while pretending that the project their building will be the future. Some I give the benefit of the doubt like the developers of Monero. They are not a scam yet but the truth about them will come out in time. The same with Ethereum.

Why work 8 hours a day 5 days a week for a shit salary when you can start your own vaporware foundation and make millions doing little work?

[dinofelis]

99.99% of altcoins are just for trading.

Bitcoin isn't very far off either.

[nemgun]

I honestly don't believe anyone actually uses any of these alt coins. Covals main focus is instead of hype to get real usage and admittedly that usage is zero so far. So seriously is anyone actually using any of these platforms. I highly doubt it which means the whole thing is bullshit speculation and likely to crash.

You know it is hard to create a project and make it run from scratch, people ask bitcointalk to crowdfund their project to raise a minimal amount of money to be able to complete the developement of projects. The problem here is that a lot of devs decided to use this opportunity to create Scam coins, scam projects, thus breaking the confidence between Devs and investors ( everyone in bitcointalk is an investor ). This is why a lot of crowd funding platforms are rising ( waves, rise, lisk ).
The main concern for altcoins is to find a way to be used, this is why they all die at 1 sat price, with 0 buy orders. Devs shall first ensure their coin will be used before releasing the wallets or ICO. Now there are a lot of possibilities for these coins to be used. So early merchant integration is mandatory for a coin who wants to exist in the long run.

[TaunSew]

99.99% of altcoins are just for trading.
98% of coins probably die off in the first year or two.
(I'm sure someone has the actual statistics.)

Most devs don't actually care about the coin for the long term, anyways.
They care about an ICO, or premine so they can dump on the exchange, take their profits and let the coin die off.

Some would say that all altcoins are based only on speculative value. They are called as "bitcoin maximalists" by the supporters of different altcoins but who can really blame the bitcoin maximalists? The development teams of almost all altcoins have scammed the community in different ways while pretending that the project their building will be the future. Some I give the benefit of the doubt like the developers of Monero. They are not a scam yet but the truth about them will come out in time. The same with Ethereum.

Why work 8 hours a day 5 days a week for a shit salary when you can start your own vaporware foundation and make millions doing little work?

Only the guys at the top make the millions, often are already millionaires and some of them had been at it for years.  Vitalik was already setup for life, his father Dmitry Buterin makes $30+ million a year just with Wild Apricot and Vitalik was going to inherit mega money at some point.  Risto P. was another inheritance story and technically was an oligarch, after Communism collapsed he swooped in and bought assets at bargain prices.  The OneCoin people, I suspect, are all multi-millionaires too.

You're probably taking about the middle management types.  Yeah they might make $100K, maybe even at $1 million for some, but what happens after crypto dies?  You had the same 'sad story' during the dot com years, people who went from six figure incomes doing jack all and then going down to $0-$30,000 a year.

[Mvaporis1961]

99.99% of altcoins are just for trading.
98% of coins probably die off in the first year or two.
(I'm sure someone has the actual statistics.)

Most devs don't actually care about the coin for the long term, anyways.
They care about an ICO, or premine so they can dump on the exchange, take their profits and let the coin die off.

I totally agree with you, Most of the coins that are made by the devs are almost 100% for just making money and we can deny about that, Most of the altcoins on the market don't have real users but only have real traders, Those altcoins are just made for trading and making money but not for long term usage.

[amacar2]

Alts are only good to grab nice profit from daily price swing, the one who trade alts will end up holding bitcoin to not get any loss when he sleeps. All think alts are only good to play with rather than saving them for long term. Most of the alts come with some random company backing them and holding more than 20% of total supply as dev fund and even worst they collect thousands of bitcoin in the name of ICO to spend for their world tour. 

[Patatas]

I honestly don't believe anyone actually uses any of these alt coins. Covals main focus is instead of hype to get real usage and admittedly that usage is zero so far. So seriously is anyone actually using any of these platforms. I highly doubt it which means the whole thing is bullshit speculation and likely to crash.

They are not meant to solve any problems but be used as a source of generating money.Apart from ETH/Monero/Doge nothing is relevant in the commercial stream for a long time.Take gambling sites for example,they only accept a few famous alts.

[SyGambler]

not sure about the answer cause probably there are some people who are using alts
but let's face it  all the places I know that accept alts accept bitcoins too , but not all the places or sites that accept bitcoin accept alts

So in my opinion so far there is no point in using alts