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whiskers75 (OP)
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April 20, 2013, 05:40:59 PM |
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There are SO MANY altcoins being created right now, it's amazing. It's almost as if we need a website to create a new coin! Seriously though, there isn't really much point in making Litecoin forks just to get the happy warm and fuzzy of seeing 50 WhateverCoins in your wallet. Go to skude.se/BTC, the Coin Love Chest or some other free bitcoin site and maybe you'll actually earn something instead of getting worthless amounts of your new altcoin. And if that doesn't please you? Change the bitcoin source code to show BTC in mBTC and change "BTC" to "Whiskcoin" or whatever. Now you can get that warm 'n' fuzzy and still have something of value, without tiring out your poor processor.  (Side note: If you haven't already, post your bitcoin address in your signature, maybe you'll get something from a kind forum member!) |
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"You Asked For Change, We Gave You Coins" -- casascius
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wh00per
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April 20, 2013, 05:49:20 PM |
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I think its good to have multiple altcoins. By implementing those at least there is an increasing amount of users who understand the network internals and promote an algorithm versus the others.
For novice users it's hard to choose, but its the same everywhere else selecting the brands of juice you wanna drink, chips you wanna eat and so on.
Diversity helps!
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hdclover
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April 20, 2013, 05:55:39 PM |
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I think its good to have multiple altcoins. By implementing those at least there is an increasing amount of users who understand the network internals and promote an algorithm versus the others.
For novice users it's hard to choose, but its the same everywhere else selecting the brands of juice you wanna drink, chips you wanna eat and so on.
Diversity helps!
then we should create USDollar v2.0 , unclesamDollar. etc |
Blah blah
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str4wm4n
Legendary
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Activity: 1611
Merit: 1001
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April 20, 2013, 06:01:21 PM |
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What we need are opensource services like
exchanges
casinos
shopping carts
etc.
that can be plug and play with any new currency
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wh00per
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April 20, 2013, 06:15:57 PM |
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Some imagination _is_ required, at least in selecting the names. hdclover, you can start with Monopoly money tho'. The whole world is going towards asking "which degree you hold?" instead of "do you have a degree?". That does not make a degree less useful, it only increases the number of options available. What makes a currency better than the others is in the end its purchasing power not the extinction vortex being modeled for it. |
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danyy
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April 20, 2013, 06:26:36 PM |
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Is not very wrong, i think in the moment, the first banks where the same and later only a few survive
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W-M
Full Member
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Activity: 210
Merit: 100
In Crypto we Trust.
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April 20, 2013, 06:34:17 PM |
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In my own humble opinion, the only valid reason to start a new CryptoCurrency is when you are really starting something new.
Of all the alternative cryptocurrencies there are this far, only a few manage to have some originality. Litecoin of course because of its different hashing algorythm which turned out now to be a good way to keep 'hashing machines' like ASICs away, and PPcoin, with it's Proof-of-Stake implementation which might prove to be a way to run a network without using computing power to support it.
And then of course there is Ripple, which isn't based on the original Bitcoin source at all.
Each 'new' cryptocoin that is made will shift some of the computing power away from Bitcoin, and thus making the network less safe. The 'diversity means stability' argument is nonsense since these coins never have enough backing computing power to make the coin actually become stable.
So either create a new coin that actually is something really original or don't do it at all.
my two cents.
~W-M
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Joshster
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Activity: 42
Merit: 0
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April 20, 2013, 06:36:07 PM |
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As time goes on, it will show what currencies will be successful and what ones will not. I believe only BTC and LTC will survive.
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danyy
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April 20, 2013, 07:07:29 PM |
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Just dont buy with bitcoins any coin with nothing new.
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milly6
Legendary
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Activity: 1632
Merit: 1010
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April 20, 2013, 07:15:19 PM |
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I think what you really mean is stop making scamcoins..
There is an intrinsic value to creating altcoins and that is... wait for it... to ACTUALLY IMPROVE the coin!
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Fernandez
Legendary
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Activity: 1008
Merit: 1000
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April 20, 2013, 07:23:15 PM |
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As time goes on, it will show what currencies will be successful and what ones will not. I believe only BTC and LTC will survive.
Why LTC? Coz its faster? In that case some new coin which is significantly faster may well usurp it. |
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ymer
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April 20, 2013, 07:32:38 PM |
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As time goes on, it will show what currencies will be successful and what ones will not. I believe only BTC and LTC will survive.
Why LTC? Coz its faster? In that case some new coin which is significantly faster may well usurp it. Because it's the one with the biggest userbase after BTC, and it also complements it having different features...  |
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skull88
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April 20, 2013, 07:54:43 PM |
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As time goes on, it will show what currencies will be successful and what ones will not. I believe only BTC and LTC will survive.
Why LTC? Coz its faster? In that case some new coin which is significantly faster may well usurp it. No, I think because litecoin gets the support of many community members and those gpu miners need to mine something which litecoin makes possible thanks to its scrypt hashing. It's a pretty safe bet to say that litecoin will stay. Most people see it as the silver cryptocurrency, I don't really see it going away in the future either. PPC also makes a good chance to survive with its proof of stake, they only should change the name tho, PPC may have a good developer behind it, he surely isn't a marketing guru.  All others seem to me like gamble coins, people know they will become worthless because they actually don't have many differences with btc, ltc or ppc, they only buy them in the hopes they go up and can sell them before they collapse again. And this greed is also the reason they get made, it doesn't really bother me. Maybe one of those actually gives someone a great idea that could become Bitcoin 2.0. I only would appreciate if bitcointalk divides the alt section a little bit more and gives the major ones a separate section, I like to follow the ltc and ppc topics but I really don't care much about the other ones besides the initial topic to see if it actually brings something new. |
BTC: 1MifMqtqqwMMAbb6zr8u6qEzWqq3CQeGUr
LTC: LhvMYEngkKS2B8FAcbnzHb2dvW8n9eHkdp
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Rawted
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April 20, 2013, 08:02:39 PM |
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I've been suggesting niche specific altcoins for quite some time.
You could have an altcoin designed to verify someone's identity via gpg or some other avenue, like a human namecoin.
You could have an altcoin that is used to validate other electronic communication mediums, like spamcoin.
I'm all for more altcoins, just not the lazy 'get rick quick' ones where someone changes a few variables and releases it. They serve no purpose.
Niche industries will be the key for altcoins in the future.
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FuzzyBear
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Activity: 1420
Merit: 1010
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April 20, 2013, 08:11:00 PM |
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CNC: ChuckNorrisCoin
I'll happily mine CNC so long as when i find a block the code says Fist punch from beard successful! |
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bovcan
Newbie
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Activity: 37
Merit: 0
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April 20, 2013, 08:29:05 PM |
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As time goes on, it will show what currencies will be successful and what ones will not. I believe only BTC and LTC will survive.
Why LTC? Coz its faster? In that case some new coin which is significantly faster may well usurp it. Yes BTC is so SLLLOOOWWW and another drawback to it being used as a currency. It takes an hour or two to confirm sometimes and that is just way too long. It needs to be near instantaneous like visa and mc are. |
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xk5
Newbie
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Activity: 18
Merit: 0
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April 20, 2013, 08:33:10 PM |
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It's not just that Litecoin has faster confirmations, which is nice, but the real advantage is that it's not as vulnerable to ASICs at the moment. Right now Bitcoin is pretty much pointless to mine on a normal computer, Litecoin with a decent video card is still very competitive.
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Fernandez
Legendary
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Activity: 1008
Merit: 1000
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April 20, 2013, 09:10:09 PM |
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Seriously though, there isn't really much point in making Litecoin forks just to get the happy warm and fuzzy of seeing 50 WhateverCoins in your wallet.
Don't underestimate the power of the warm, fuzzy feeling. Joined the party late (my own fault) and have single digit LTc & BTC. Having 50+ Feather Coins have given me new hope @skull88 - I think everybody is worried about missing BitCoin 2.0 - I certainly don't want to be the guy who spent a ton buying shares for MySpace while ignoring the new kid on the block. Of course, it has to give significant advantages - considerably faster confirmations, for a start. |
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serge79
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April 20, 2013, 09:48:18 PM |
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Seriously though, there isn't really much point in making Litecoin forks just to get the happy warm and fuzzy of seeing 50 WhateverCoins in your wallet.
Don't underestimate the power of the warm, fuzzy feeling. Joined the party late (my own fault) and have single digit LTc & BTC. Having 50+ Feather Coins have given me new hope @skull88 - I think everybody is worried about missing BitCoin 2.0 - I certainly don't want to be the guy who spent a ton buying shares for MySpace while ignoring the new kid on the block. Of course, it has to give significant advantages - considerably faster confirmations, for a start. Feathercoin has very fast confirmations and a decent profitability selling/buying trough the forum. There was no premine and you dont need huge rigs to get some coins. I can suggest these pools, prompt and precise payments : http://mine.altpool.com/ and http://fc.dontmine.me/index. |
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