Is the altcoin era over ?

[Zer0Sum]

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.

Spending time on the next big exchange, yobit... opens your eyes.

Alts today are just a modern evolution of the casino with yobit at the leading edge...
There isn't even any pretense anymore that alts have meaning or utility...
New Zero Sum Games are not immoral among consenting adults... degens are gonna degen so take their money.

People who pine for the "purity" of 2013 like should crawl back under their rock.

[1713522020]

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[talkbitcoin]

i don't think it is over yet.
but things are obviously very bad these days. i keep seeing new altcoins pop up and when you check the project you find absolutely nothing new! it is the same old code copied and only with a new name!
if things continue this way, we either will see a million of them all at 1 satoshi and less or at some point they give up and leave the market alone to real development.

[Spoetnik]

Innovation is irrelevant.

The consensus so far seems to be that the altcoin era is not over but that there is some question regarding the role innovation plays in its future.

Please elaborate.

crypto needs adoption not innovation.

those pro innovation; tell me what innovation is needed?

imo the only innovation needed in crypto is simplification (to help with adoption by average joes), and all the innovation i'm seeing is doing the opposite; mostly making crypto more complex and further out of reach to average joe's.

i think altcoins are needed because btc went off the rails and doesn't match the promise its original potential showed.

YES ! ..this !
I swear we think the same all the time. LOL

I also think these profiteers saying it's alive still are missing the point.
I seen guys defend Doge coin before by saying.. well, well.. i made 35 cents profit just now on trading it.
LOL uhmm so what ? who cares ?

Morphing the entire world of crypto into a massive infrastructure for lawless illegal profiteering make this closely resemble a gigantic Pyramid scheme of sorts.

You all rail on how they are like penny stocks and companies and IPO's with white paper's and fancy titles like CTFO of Githubbery.
But guess what ?
If there is no law against insider trading.. then there will be rampant insider trading.
And that goes on and on with other types of CRIMES.
Which is WHY FiNCEN exists in the first place and why FiNCEN requires exchanges to take your ID and they report you to the fed's while you chant Free Market.

The guy from KickAssTorrents does not have tinfoil on his head.
He made the mistake in thinking this was lawless shit.

In my topic RIP Altcoins (it was a thing) topic i mentioned the point you all tend to miss..
Richard Branson..
1 or 2 major players in the Financial world being brought into a legit crypto scene is worth more than every sleazy little scammy ass douche we have now wandering around in circle scrounging for chump change.

You see people the legit road is paved with gold !
Doing things for no other reason than profits and supporting coins you shouldn't in the process is self destructive and undermines the currencies trying to make a solid legit effort.

That is the path to HUGE riches.
What you are all doing now and defending is peanuts.. chump change.. a joke !

2013 was nothing.. imagine if 1 billion users joined crypto.  

..sadly greedy impatient immoral babies can't look past the 45 cents profit they are clutching now.

The majority are in control and you guys love it.
Then no one has to take responsibility for anything.
You can all collectively keep supporting sketchy crap for profits.

Does 1 person in crypto think we NEED Ethereum ?
No ..we NEED adoption.

And if you all cared about adoption you would be talking about it.. not coin prices.

Things will only be getting worse with law and regulations etc.
Authorities are not going to ignore this stuff forever.
They need to catch up with the tech then they will hammer it like they do with online Piracy.
We will have our own Martha Stewart doing jail time of insider trading one day..
But who will it be ? An exchange owner ? Butters ? a coin dev ? coin pumper ?

[DomainMagnate]

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

Btc will always remain ahead of any crypto but Altcoin era has not ended.In fact it is just the beginning for Altcoins,the possibilities are limitless.We would see a lot of innovative coins.Not all may survive, but some will stay here for ever.

[boyptc]

There is always room for innovation. There will never be a perfect currency, there are always new technologies coming up and new problems arise, along with these problems come new solutions. And so all things evolve.

I agree with it, innovation is always on the process and it will keep on going. Technology always upgrade so the alt coins too. But I'm sure that there are good ones that are able to survive as long as their devs are going to have time to make that coin to compete in the market.

[BTCLovingDude]

pump and dumps and the fact that cryptocurrecy source code is open source is killing them. every time you blink a new altcoin is created and its price goes down to 0 just as fast.
and then there is big projects that are supposed to be good and you see them being pump and dumped
and then you look at their adoption, and there is nothing there. you can't find a damn shop in the whole world that is accepting an altcoin payment.

[rivoke]

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

They will keep raising and keep evolving the bitcoin's trend so it can be accept world wide
Altcoin is risky investment so they must do some great marketing to keep their existence because the competition getting tough recently

[Carmen_Sandiego]

i think there are really nice innovative coins out there, the thing is just to find them due to all those shit projects.
so no the era is not over the idea of blockchain and everything connected with this is out of the bottle and wont go into it again.

2017 gonna be an interesting year.

In fact it is difficult to find projects that really are legitimate, there are many cryptocurrencies that are just schemes to get money from people with little knowledge about the cryptocurrency space. But some of these currencies are legit and some of them are important for the development of Bitcoin, as many of the improvements used in these currencies can be implemented in Bitcoin in the future.

[s1gs3gv]

Does useful innovation improve adoption ?

[alyssa85]

Does useful innovation improve adoption ?

Sometimes.

Steem brought a lot of people into the crypto space who were writers and came from Medium (a blog platform). Many had never ever used cryptocurrency before. Steem was easy for them in that it uses usernames to move money instead of long addresses - but many of them then went on to learn how bitcoin worked and so on.

Doge also brought in a whole bunch of people who simply liked memes, and who also liked the whole Jamaican bob-sled sponsorship, the Nascar sponsorship and so on. The big innovation from Doge was to abandon the limited coin thing and embrace inflation (which meant that people didn't hoard and happily tipped and spent).

So yes, sometimes alts bring in people who bitcoin couldn't reach, and some innovations really do help adoption.

[speaktome]

i think there are really nice innovative coins out there, the thing is just to find them due to all those shit projects.
so no the era is not over the idea of blockchain and everything connected with this is out of the bottle and wont go into it again.

2017 gonna be an interesting year.

In fact it is difficult to find projects that really are legitimate, there are many cryptocurrencies that are just schemes to get money from people with little knowledge about the cryptocurrency space. But some of these currencies are legit and some of them are important for the development of Bitcoin, as many of the improvements used in these currencies can be implemented in Bitcoin in the future.

Quite difficult and that even within the legitimate there are many who seem abandoned, due to the lack of interest of its users.

[klarki]

Everything is still ahead.
And would develop a very long time.

[Spoetnik]

I think it died and said it years ago because..
The dev's took the easy root i have pointed out lots.
Rather than making an improved distribution system. (with or with out a block chain)
They simply flopped onto their backs and started doing mass ICO's and "ledgers" etc.
Why ?
So they could they could focus on creating new gimmicks.

It's painfully obvious the effort to make a viable and adopted and innovative digital currency ended long ago.

If so then what has been happening ever since ?

Schemes.. gimmicks !
The focus and effort was shifted permanently now to making things like BlockNET, Steem or Ethereum etc.

It's simple, they realized they have no idea on how to improve on Bitcoin or maybe POS etc
So what did they do ?
Create a new "Currency" that has an alternative use.
In other words don't make a coin.. make a scheme of sorts that utilizes a block chain etc.

Look at Pascal
The big feature ?
It was coded in an alternative obscure language (which would has lots of draw backs)
C++ is more popular for a reason guys.

And the other "genius" part of it ?
I think maybe it was an accident..
I bet the dev guy started making a port of a coin in Pascal then ran into problems and simply thought hey know what ?
Screw it.. i will neuter aspects of the coin and pump it out as "innovative".
His NEW "features" were born out of a failure to port the code is what i am speculating.

And you will all eat it up because you have wide goal posts for what you call "innovative"
What would that be ?
Anything that is DIFFERENT and puts profits in your pocket.

The world of Altcoins is a facade.. a charade of smoke & mirrors. 

[pinkpanther03]

I don't think the era of altcoin is over. Because fro what is happening now, little by little many altcoin are improving to their project. And the percentage of worth buying altcoin is also increase. Which means the innovation also improve unto it. More community are getting involve unto it also.

[aioc]

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

The altcoin era is not yet over,if you want to know why,just check out the altcoin section and see the many altcoin ico being launch with a promise innovations ,but some unscropolous dev has taken advantages of this scenarion because people still believes that there will be more bitcoin like start up,that is why they keep investing in this icos.

[btcdiggingmaster]

Many people are finding different innovative about altcoin, every one is showing interest toward altcoin even though they are not giving much profit. But upto now no altcoin has secure it's position after bitcoin. Every one is finding which one is going to be best after bitcoin which altcoin is going to secure it's position.

[Febo]

I think it also depends what you call an altcoin.

In generaly will be more and more altcoins. But lots will not have own blockchain but will use other asset platforms and will basically be an asset and not an altcoin, like are now MAIDSAFECOIN, AUGUR, ICONOMI, GOLEM, ARDOR, BITCRYSTALS, NEXIUM, ...

[s1gs3gv]

I think it also depends what you call an altcoin.

In generaly will be more and more altcoins. But lots will not have own blockchain but will use other asset platforms and will basically be an asset and not an altcoin, like are now MAIDSAFECOIN, AUGUR, ICONOMI, GOLEM, ARDOR, BITCRYSTALS, NEXIUM, ...

Well, thats a good point Febo. I think of alts as any block chain based token that isn't bitcoin. I'm guessing that most others here do too.

This thread seems to be evolving into a discussion of the relationship between innovation and altcoin adoption at the moment. There have been a couple of different points of view expressed, some of which sound like unsupported absolutist statements, others which contain a degree of hopium, and yet others which sound pragmatic to me. So lets look at the different positions:

1) Innovation is irrelevant to altcoin adoption because

• There is no such thing as innovation
• Innovation is just marketing hype designed to scam yet more money out of punters
• Innovation happens, but it doesn't improve adoption

2) Innovation is important because

• The adoption difficulties we have observed with bitcoin are a result of some functional failures (privacy, transaction rate, block size, blockchain size) that innovation could solve
  
• There are new application areas beyond store-of-value/currency-tokens (soft contracts, data security, etc) that are useful and not currently directly supported by bitcoin.

Can both positions be right ?

[Ayers]

Does useful innovation improve adoption ?

The same way as scammers take away adoption itself, steem is the best example, it was at the start a good new coin with a features that no other coin had, like earning with your blog by using the technology of steem, but then the websiste was scammed, and the trust was lost, destroying everything that was new about this coin
But i think you can have a good coin without innovation, but proper support, this is more important to me, the dev 99 out of 100 is MIA and the coin die because of this

[ReferralFoundation]

I think it also depends what you call an altcoin.

In generaly will be more and more altcoins. But lots will not have own blockchain but will use other asset platforms and will basically be an asset and not an altcoin, like are now MAIDSAFECOIN, AUGUR, ICONOMI, GOLEM, ARDOR, BITCRYSTALS, NEXIUM, ...

Well, thats a good point Febo. I think of alts as any block chain based token that isn't bitcoin. I'm guessing that most others here do too.

This thread seems to be evolving into a discussion of the relationship between innovation and altcoin adoption at the moment. There have been a couple of different points of view expressed, some of which sound like unsupported absolutist statements, others which contain a degree of hopium, and yet others which sound pragmatic to me. So lets look at the different positions:

1) Innovation is irrelevant to altcoin adoption because

• There is no such thing as innovation
• Innovation is just marketing hype designed to scam yet more money out of punters
• Innovation happens, but it doesn't improve adoption

2) Innovation is important because

• The adoption difficulties we have observed with bitcoin are a result of some functional failures (privacy, transaction rate, block size, blockchain size) that innovation could solve
  
• There are new application areas beyond store-of-value/currency-tokens (soft contracts, data security, etc) that are useful and not currently directly supported by bitcoin.

Can both positions be right ?

This is where the conversation gets potentially interesting and divergent.

Yes they can. Adoption and innovation are separate from each other. Each have an effect on the other but neither is dependent on the other.

Hopefully this discussion will continue along these lines and not degrade.