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

[shanem]

All these alts are marketed based on "promises" and they are not accepted as widely as bitcoin. All these price increases are based on price speculation.
Alts are being used by whales to help them to make more btc. I don't see any altcoin that is undervalued at the moment.

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[JeffBrad12]

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.

Alt coin has had a lot of shit right now. Some platform gives an allowance for own make crypto based with his chain.  It was becoming the big worst ever in the world of crypto.
Even a lot of the presentation of Shit dev with his shit ico have had a purpose for grab more and more money.

Altcoin = pure speculation = delusional

[digaran]

Good thing about open source and block chain technology is that everyone could potentially make his own altcoin.
It really depends on the actual usefulness of such lines of codes.
You shouldn't really pay attention to all of the altcoins to see if they have any users/traders, as I can personally create one and hype it to fill my own pockets, we should see for what and why we suppose to even use any of them.

[Herbert2020]

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.

i wouldn't say all of the altcoins but i can say this with confidence that 99% of them is like what you said, no one uses them and they are only there as a means for speculation and as we all know it as way to get pump and dumped to make more bitcoin for those who can get in fast and get out faster.

but there are 1% or less that are actually offering some good features and are used in a very tiny scale but they are used nonetheless.

e.g. LTC and XMR

[UDC]

kind of why i thought it was preferable to peg the value of my cryptocurrency to fiat currencies, just to have an extrinsic value and much less volatility
I know others did the same (like ven), although they usually have a exchange rate target (selling/buying at a specific price) instead of using a reserve currency standard (value backed by actual reserves)

[Spoetnik]

They all have ended up as dog shit.
None have done anything and no none are used for fuck all.
BTC barely is..

7,000 ANN topics roughly ..this shit is a joke.

[Pursuer]

it is not only fair but also it is spot on to say this about altcoins.

I mean you can find some random usage for some of the altcoins out there but that usage is so small (in a very small scale) that it should not be counted even. and as long as this situation remains the same none of these altcoins can live any longer than a year tops and they die and be replaced by new ones with the same ending.

[robelneo]

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.

Every coins differ from one another,there are coins specifically for one industry,there are some coins that has already created a merchant store of their own and some of them are for tipping purposes only,maybe time will come when online transactions will be focussed on altcoins also .

[standalone13]

I honestly don't believe anyone actually uses any of these alt coins.[...]

this is not true. maybe from just one perspective. probably people not using altcoin for their basic purposes and features like anonimity, instant tx, etc, BUT they are trading with huge volumes on different exchanges

[Spoetnik]

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.

Every coins differ from one another,there are coins specifically for one industry,there are some coins that has already created a merchant store of their own and some of them are for tipping purposes only,maybe time will come when online transactions will be focussed on altcoins also .

There is no such thing as a "niche coin"
I am sick of hearing about that bullshit from their bag-holders.
Of course you will all say that ..you have to bullshit the public (*if you can)
Your ROI'z depend on it !

Why do we need say for example "Weed Coin" when you can use Bitcoin on Alpha Bay ?

The birth of Niche coins was nothing but a gimmick.. an excuse to make a me-too-coin.
I know i was here and watched it all take off from the beginning.

It's just part of the Altcoin facade.

And no pushing coins from exchange to exchange for nothing but profits can not be considered currency use.
You all know it too so drop the act..

You all refuse to be honest about this shit and then have a fair chance at moving forward.
Instead you loiter around here bullshitting for Bucks ..real bucks $$$ BTC/FIAT

[dinofelis]

it is not only fair but also it is spot on to say this about altcoins.

I mean you can find some random usage for some of the altcoins out there but that usage is so small (in a very small scale)

But you can say that about bitcoin too.  Its real usage (to buy stuff) is so small, compared to daily volume and market cap which is MAINLY "trading", that it is almost negligible.

There *is* some bitcoin usage, for sure.  But it is very small compared to the numbers that are supposed to indicate its size.  Probably, with bitcoin, the percentage of "real use" is larger than for most altcoins, but it remains minuscule.

There is not $ 50 million of "buying stuff" with bitcoin daily.  At all.  It is somewhat difficult to find the bitpay volumes daily with recent numbers, it seems that the daily volume is of the order of $ 1 million or less, representing less than 2% of volume.  Dark markets are somewhat larger than bitpay.  If we are broad, we can say that 10% of bitcoin's volume is actual usage to buy stuff.  All the rest is trading/gambling.  Actually, most of it is with exchange IOU, because the CHAIN volume is about 4 times smaller than the exchanges volume.

3/4 of bitcoin's trading doesn't need any block chain, but only an exchange web site.

For most alt coins, the situation is worse, agreed.  But nevertheless, MOST of crypto, including bitcoin, is gambling on exchanges and its usage "in real life" is minuscule.

[clackmine]

Perhaps as a social experiment, this could be tried...

Advertise an item of not insignificant value on Craigslist (or similar) but insist on payment by digital currency (besides Bitcoin). Now, this will have to be an item you can stand to lose or give away for next to nothing. For instance, I have a lawn mower in decent shape that is worth at least $125. I live in an apartment - so I do not want or need it. I will advertise it for sale for 10 LiteCoin and see what happens.

The point of this is to make just one more person aware of these currencies. The way I see it is that this is a closed subculture and these coins will not find their own markets because the general public is not aware of them, and does not have the time or patience for mining, exchanges, wallets, etc. If someone wants to buy my mower for LiteCoins, I will gladly accept it, or help them figure out how to do it.

The more of us that do this, the better. How can these coins gain in value if they are not in the realm of understanding of the general public as 'real' money?

Wouldn't it be nice if a small ads. site like CL created its' own cryptocurrency that you could trade with directly on the site, or peer to peer? The Craigcoin!

[xuan87]

Yes, most of the time the coin developer is looking for chance to create a coin that can have valuable which one day can replace bitcoin or at least become bitcoin side kick, but most of the user is not interested at all due to the various reason and when the coin got no value the coin developer will create another coin, so most of the alt coin won't be used and we never heard the name

[Robertqueen2]

Not all altcoins are useless, we should consider the coin adoption, if the coin managed to attract adoptions, it will be successful, Ethereum, Monero, Litecoin, and Dogecoin are the most adopted altcoins now, considering that Ethereum and Monero got that adoption in short time, and we may watch new coins join this club, the crypto world is open for every new idea.

[notnormals]

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.

Not all coins are the same, many have determined support from devs and holders. insane coin had no ico, the coins were and are still being given away and the premine is being used for development not dumping. insane is here for the long run, and also working on real world usage systems.

[Spoetnik]

On-Topic..

What i see here is a glaring problem.

If a dev created a coin say Litecoin for example.
Then it's up to ALL OF YOU to use the fucking thing.
Instead what i see is all of you sitting on your hands bitching at the dev saying he failed to get it adopted.
That is you fuck up's !
That is a YOU problem greedy investards.
You want your god damn ROI'z so bad then get the fuck off your ass !

Or you will have no choice but to jump from new shitcoin to new shitcoin.. forever.
Chasing ROI'z

Dumb fucks the US Federal reserve can print money but if you all did not use then what good is it ?

The blame is placed squarely on the profiteers shoulders.
Altcoins are not adopted because you all don't give two shits about adoption.
That would be work.. unpaid work.
And you ain't have'in it !
That is someone else's job..

And you can say the same about BTC ?
No you can't  

Yeah we all know BTC has a small adoption level compared to FIAT but when compared to Altcoins..
How often in Crypto is Bitcoin used as a currency in order for people to acquire Altcoins ?
THAT is in fact currency usage / adoption.

The Pirate Bay using LTC as a donation address on every web page on the site is what got me started in crypto.
THAT is adoption !
That is a currency used as such.
Not a speculation thing on exchanges.

You all know what you have to do but you won't because it's work.
Why work for your ROI'z when the next coin is around the corner ?
Nothing is going to change with users in Crypto willingly.
They will have to be forced.

Don't expect things to improve if you can not be honest and blunt about this stuff.
I have said lots before i don't cast a light on the bad crypto stuff simply to harm crypto.
But to acknowledge a problem and hopefully get all the ducks in line to fix it and move forward.
Admitting there is a problem is the first step to fixing it.

If you all want this crap to succeed then we got work to do !

[carlfebz2]

Not all altcoins are useless, we should consider the coin adoption, if the coin managed to attract adoptions, it will be successful, Ethereum, Monero, Litecoin, and Dogecoin are the most adopted altcoins now, considering that Ethereum and Monero got that adoption in short time, and we may watch new coins join this club, the crypto world is open for every new idea.

Its just a normal thing on all creations on which there are useful and there are total garbage and you are right not all altcoins are garbage hence there are still some coins do have potential and an adoption which they are  famous among others but I admit  even though there are good altcoin but most of them just totally die on a short period of time and there are instances that even ICOs on alts became scam.

[tunctioncloud]

Some diehard fans are keeping XMR, and the same is for DASH. I personally keep some altcoins as a reserve of value. So yes, I'd say there is some use.

[thepo1m]

I can say you are 99% correct, except for Factom that I know is making money on her own other projects are only backing on potentials, the real thing is to start making money, there is no need to holding a token of any ALtcoin after two to three years without actual real world use and customer.

[J1mb0]

On-Topic..
If you all want this crap to succeed then we got work to do !

Indeed. It's easy to be cynical.

It's a lot harder to face up to problems and put in hard work or change behaviour to drive a change for the better.