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Author Topic: Is the altcoin era over ?  (Read 4481 times)
s1gs3gv
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January 27, 2017, 04:16:01 PM
 #1

If not, what innovations do you think future alts will bring to crypto ?
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kiklo
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January 28, 2017, 04:10:31 AM
 #2

If not, what innovations do you think future alts will bring to crypto ?

Some Alts already have brought innovation to crypto,
but the majority of traders trade BTC like they are trained Pavlovian Dogs.

Comparison

BTC aka Bitcrap
PoW / Energy Waster
Centralized to China
Over 51% Controlled by China for over a year
SLOW Transactions speed of 10 minutes
Onchain Transaction Capacity overloaded , some times taking days
Transactions entered into Block because of the Fee you pay and not the order it was created.
Needs LN (offchain solution) because BTC is a technical failure
Full Nodes receive none of the transaction fees , (Only PoW miners receive transaction fees.) (Basically supporting the network for Free.)
_______________________________________________________________________________ ____________________________________

Innovation ALT
PoS  / Energy Efficient
Decentralized
51% resistance build in by the chaos effect of Coin Age.
Fast Transactions Speed of 30 seconds
Onchain Transaction Capacity to spare ( 20X BTC Capacity)
Transactions entered into Block in the order they were created, no jumping in front of others by paying a higher fee
LN is unnecessary for such an altcoin
All Nodes can receive transaction fees , when they stake, while supporting the network.

(That Alt is ZEIT )  Wink

 Cool
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January 28, 2017, 04:20:49 AM
 #3

And there are probably about 30 people in the entire world who know about ZEIT, no offense.  Same is true of most of these pieces of crap coins, regardless of what the "innovation" happens to be.  And the rest of the world is just fine with using their debit cards or cash.  So I really hope the altcoin scene comes to a big, flaming, disastrous end.  It can't come too soon.  As soon as the suckers stop buying this garbage, there'll be no impetus to keep churning it out.
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January 28, 2017, 04:30:01 AM
 #4

And there are probably about 30 people in the entire world who know about ZEIT, no offense.  Same is true of most of these pieces of crap coins, regardless of what the "innovation" happens to be.  And the rest of the world is just fine with using their debit cards or cash.  So I really hope the altcoin scene comes to a big, flaming, disastrous end.  It can't come too soon.  As soon as the suckers stop buying this garbage, there'll be no impetus to keep churning it out.

So you are Hopin and Wishin people stay stupid,

odds are they will learn in time, as BTC unconfirmed transaction jams increase, they will begin to understand.

As to the other alts, it is up to their communities.

But ZEIT will survive thru the ages, Longer than BTC of that their is no doubt.   Smiley


 Cool
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January 28, 2017, 05:32:20 AM
 #5

They will never learn because the system runs on greed.
And since every single person wants to be the Satoshi.. they jump from coin to coin.
Meaning we will NEVER EVER get our ducks in line to support 1 Altcoin.
It's a corrupt greedy immoral system designed to perpetuate a pyramid scheme token making machine.
Innovation is irrelevant.

FUD first & ask questions later™
Herbert2020
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January 28, 2017, 05:47:07 AM
 #6

the altcoin era in sense of trading, pump and dump and lots of profit is never going to be over. there is too much money there that will keep it alive, it may become slow from time to time but never die.

but the development era has never been good and it is mostly dead nowadays as altcoin developers are only thinking about making more money with premine, ICO and many different scams they pull. they rarely have anything interesting and they stick to features that look interesting to get more hype.

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onrise
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January 28, 2017, 06:28:54 AM
 #7

I was actually wondering how much alt coin you remember being launched in 2016 and whose value has reached next to zero or infact being reomved from exchanges. Should be huge list.

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January 28, 2017, 06:38:00 AM
 #8

They will never learn because the system runs on greed.
And since every single person wants to be the Satoshi.. they jump from coin to coin.
Meaning we will NEVER EVER get our ducks in line to support 1 Altcoin.
It's a corrupt greedy immoral system designed to perpetuate a pyramid scheme token making machine.
Innovation is irrelevant.

They do run on Greed, I do not.
I know their motives, they don't have the ability to conceive mine.   Smiley

In our case that innovation gives us the ability to survive, regardless of the shenanigans perpetrated by others.
Our Latest innovation around April of this year will be changing to Ultra Low Inflation.
Which will once and for all defeat the one foe that Proof of Stake coins have refused to battle (Their own Inflation).

Due to our quantity , our price per coin will always be affordable (no matter what country they reside in.)
Due to our New Ultra Low Inflation, that will end the Rich get Richer saga that all other Proof of stake fall prey too.
Due to being PoS, we are energy efficient and do not require ASICS or extreme monthly costs.

In my life, I have done thing others consider impossible or too large a task to be completed.
I have learned this after completing those impossible tasks,
1. I believe in my Creator and the Skills he gave me and Persevere until the Task is done.
2. There are times , when it seems like the task will never be completed, that is time, where I remember nothing has to be built overnight.
3. Once the Task is done, People look at me with that face they always make, the one where they are in Awe and wonder, shocked that such a feat was accomplished.

 Cool

FYI:
I have the faced the enemy know as Despair , even as a small child.
His lies had no power over me then and have no power over me now.

ZEIT Shall Endure & Persevere , No Matter what Storms may come.  The Knights will make it so!
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January 28, 2017, 07:01:32 AM
 #9

qtum coin, qtum project new altcoin is new inovation altcoin
qtum coin to develop use between ethereum technology and bitcoin technology
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January 28, 2017, 07:07:53 AM
 #10

It does not matter if Kiklo is a coin supporter.
I created a topic calling it.. the Altcoin scene is dead years ago guys.

I am not sure how many time i can harp and whine at you all and you still not get it.

The MAJORITY is in control and the majority decide !
THEY are the greedy ones...so the scene is fucked and doomed.

Having 1 coin supporter out of 100 profiteers here is meaningless.
You can not win.

@Herbert2020
What you just said is the giant Pyramid scheme that is the Altcoin world will continue on.
I agree.
Unless some hardcore sweeping regulations wipe it out bad.

You all are probably not even old enough to have seen the old Water Filter scam in the 80's etc.
It was featured on the TV show "King of Queens" ..Doug got sucked into one and lost money.
THAT is the whole Altcoin scene except we have many brands of water filters.

How many of you have researched "scam" and the definition of them and read testimonials from there victims / participants ? 1% ? 2% ?

Long ago the majority here morphed crypto into a massive Pyramid scheme of sorts.
Compare them and i dare you to deny it.. YOU CAN'T !

And no these are not "like penny stocks" either.
These are not companies and if they were they would be worthless.
Nor is there regulations like there is with the New York Stock Exchange.
Nope.. this is an illegal sketchy Multi Level Marketing / Pyramid / PONZI / MOD scene.

A "CEO" who sits on premined coins and holds the Github password to shitcoin #4,965 is NOT a "company"

Feel free to try and plant flowers in a sea of shit 1%'ers..
Just realize you will always be sitting in a sea of shit !

..why do you all think pyramid scheme etc are popular and will "never die" ?

FUD first & ask questions later™
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January 28, 2017, 07:10:38 AM
 #11

I feel that the Alts will bring any innvocation that Bitcoin won’t or can’t


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CryptoSporidium
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January 28, 2017, 07:29:36 AM
 #12

Alt coins as in 'alternative' digital currencies to bitcoin, they already peeked, but plenty will live on coz they are so easy to keep going, even with 30 people, but they'll rarely have any value again, maybe 2% of bitcoin cap combined.

Alt tokens used by new business models that perform a function will grow, and they might be larger than bitcoin one day, but they're strictly speaking, not currencies, but easily converted into money just the same.

Alts powering DAO based entities will be the next big thing, The DAO fiasco slowed things down in 2016,  but the next wave of alts will exist for a reason other than 'currency', like the new Pokereum DAO token, which is still an alt, but is not competing with bitcoin, it's powering decentralised poker application. App based alts still have lots of growth potential.
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January 28, 2017, 08:49:19 AM
 #13

If not, what innovations do you think future alts will bring to crypto ?

Some Alts already have brought innovation to crypto,
but the majority of traders trade BTC like they are trained Pavlovian Dogs.

Comparison

BTC aka Bitcrap
PoW / Energy Waster
Centralized to China
Over 51% Controlled by China for over a year
SLOW Transactions speed of 10 minutes
Onchain Transaction Capacity overloaded , some times taking days
Transactions entered into Block because of the Fee you pay and not the order it was created.
Needs LN (offchain solution) because BTC is a technical failure
Full Nodes receive none of the transaction fees , (Only PoW miners receive transaction fees.) (Basically supporting the network for Free.)
_______________________________________________________________________________ ____________________________________

Innovation ALT
PoS  / Energy Efficient
Decentralized
51% resistance build in by the chaos effect of Coin Age.
Fast Transactions Speed of 30 seconds
Onchain Transaction Capacity to spare ( 20X BTC Capacity)
Transactions entered into Block in the order they were created, no jumping in front of others by paying a higher fee
LN is unnecessary for such an altcoin
All Nodes can receive transaction fees , when they stake, while supporting the network.

(That Alt is ZEIT )  Wink

 Cool

I have to agree with Spoetnik,  solving these problems does not in any way mean that people will start to use ZEIT.
There are plenty of other alts that hit at least a few of these solutions, but it doesn't mean that they are well run or not scams.

Alts are a pump and dump, people will scream how great they are when the price rises, but when it falls back down, it will be forgotten.

I do think that there will be an alt worth backing at some point. I just don't think we are there yet.
Bitcoin gets a pass as it has the first mover advantage. If you point out all the faults in Bitcoin and it fails, Alts will follow it down the drain.


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January 28, 2017, 10:30:26 AM
 #14

I have to agree with Spoetnik,  solving these problems does not in any way mean that people will start to use ZEIT.
There are plenty of other alts that hit at least a few of these solutions, but it doesn't mean that they are well run or not scams.
Spoetnik is a smart guy, so agreeing with him is a safe choice,
However my task is set in stone, so forgive me , when I disregard his advice.



Alts are a pump and dump, people will scream how great they are when the price rises, but when it falls back down, it will be forgotten.
ZEIT is 3 years old in March, 2017  Not forgotten yet.  Wink

I do think that there will be an alt worth backing at some point. I just don't think we are there yet.
Bitcoin gets a pass as it has the first mover advantage. If you point out all the faults in Bitcoin and it fails, Alts will follow it down the drain.
The only thing BTC has that matters is Direct Fiat Conversion, LTC also has it and so do a few others, BTC could die tomorrow, and many would switch crypto without batting an eye.
What makes ZEIT so powerful is that it can't die, the knights won't let it.  Wink



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January 28, 2017, 10:40:22 AM
 #15

If not, what innovations do you think future alts will bring to crypto ?

Some Alts already have brought innovation to crypto,
but the majority of traders trade BTC like they are trained Pavlovian Dogs.

Comparison

BTC aka Bitcrap
PoW / Energy Waster
Centralized to China
Over 51% Controlled by China for over a year
SLOW Transactions speed of 10 minutes
Onchain Transaction Capacity overloaded , some times taking days
Transactions entered into Block because of the Fee you pay and not the order it was created.
Needs LN (offchain solution) because BTC is a technical failure
Full Nodes receive none of the transaction fees , (Only PoW miners receive transaction fees.) (Basically supporting the network for Free.)
_______________________________________________________________________________ ____________________________________

Innovation ALT
PoS  / Energy Efficient
Decentralized
51% resistance build in by the chaos effect of Coin Age.
Fast Transactions Speed of 30 seconds
Onchain Transaction Capacity to spare ( 20X BTC Capacity)
Transactions entered into Block in the order they were created, no jumping in front of others by paying a higher fee
LN is unnecessary for such an altcoin
All Nodes can receive transaction fees , when they stake, while supporting the network.

(That Alt is ZEIT )  Wink

 Cool

PoW is not a thing of the past. This is at the inverse the only reasonable option for a crypto-currency ! With PoS price is only a speculative thing, as the coin has no intrasequal value. At the inverse, a well-established PoW coin can not go under its making price. You other points are good however.

To OP : no, the altcoin era is not over, it is for me the inverse, as many great projects are surging and we have passed the Scrypt shitcoins ICOs era !

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January 28, 2017, 10:43:29 AM
 #16

It ain't over, look poloniex is so green and bullish with many markets +XX% nowadays, current pump was made by PASC whales, they pumped hard on this coin, and yesterday was NXC, today should be STRATIS.
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January 28, 2017, 01:39:40 PM
 #17

If not, what innovations do you think future alts will bring to crypto ?

they keep coming and many more will come,many altcoins have brought more anonimity and innovations to the crypto currency in my opinion some altcoins are stregthening people's belief in crypto currency.

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January 28, 2017, 02:00:00 PM
 #18

they are just more or less silent because the price is not going bananas like 2013, just wait the next big rise in price

and they will never die, people will always try to innovate and try their luck trying to get immense ROIs, so the altcoin scene will always be around, one way or another

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January 28, 2017, 02:08:34 PM
 #19

The good old times were a lot of alts rise 10.000% and more
(for example mazacoin, xc, blackcoin, auroacoin and so on) in a few days are not over imo.

When someone will bring a inovation or some exchange add some coin like happend with pascal,
then we also can see this risings again.

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January 28, 2017, 02:15:54 PM
 #20

As long as there is demand, altcoins will remain in the market... I think that when projects start to be developed in Bitcoin sidechains, then we will see altcoins going through difficult times, but considering the fact that there is still no consensus on the solution for the scaling issue, the lifetime of many altcoins will probably be extended.

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