CHNcoin will be the death of Feathercoin!

[drawingthesun]

Feathercoin will be fine, as long as people don't rush onto the next coin and it continues to get a following. Look at BBQ coin, that one is still going strong isn't it?

[CoinHoarder]

Feathercoin will be fine, as long as people don't rush onto the next coin and it continues to get a following. Look at BBQ coin, that one is still going strong isn't it?

The only time BBQ coin is brought up on these forums is when someone wants to dump their worthless stash of them on some other poor sucker.

Feathercoin will soon be forgotten, just like the countless copy cat chains that came before it and the new one's that are popping up now.

The only ALT coin that is "going strong" at the moment is Litecoin, all others are fighting for survival and could be worthless in a month.

That's why I think it's stupid all you new guys hopped on the Feathercoin bandwagon. I guess you don't understand how many new coins are being released all the time. Here we are a week later and there is China Coin now. There will be more and more as time goes on, we should only support the ones that provide innovation from prior coins, not copy cats.

[UncleBobs]

We need it all.  Its not about the defacto coin, its about establishing a greater market in cryptocoins.  Combined they are greater than they are individually.

So I guess I'm saying can't we all just get along?

I agree with your take on this.

I think the analogy with Linux distros is better than with most of the financial analogies I've seen bandied around.

Anyone who thought that they were going to become the new Microsoft back in the mid 90's through Linux (Caldera?) misunderstood the game completely.  Almost no one has made serious money out of selling distros.  Redhat bases its business model on service contracts.  But the people who supported the IDEAS behind Linux are gradually winning the war with Android, etc.  We don't live in the Microsoft controlled world that many people feared back then.

I would predict that the value of BTC will be gradually eroded by the alt currencies, and that that is not a bad thing. A diverse cryptocurrency ecosystem is going to be much more resilient to the threats posed by states, banks, regulators etc. than one tall poppy currency.  Until there are many more alt currencies there will be a large red "X marks the target" on Bitcoin's back.  

The impulse to defend any particular coin because you are invested in it is mistaken.  Life just isn't that easy.  It makes more sense to adapt by diversifying intelligently, and to support alt currencies in general.  Which is easier to track and shut down, one big currency, or a hundred variations?

[efodix]

It's 'cute' how you think that only thing behind a coin is the tech specs. Come visit the FTC community sometime, there's people working hard at moving it forward. I know, it's the 'old school 1337 scam coin chicken rise' type stuff that people love spending their day doing here, and that's fine. I'm just recommending stepping outside the bubble for minute.. maybe you'll see something you like.

But I don't understand why it was created at all, let alone why people are spending effort moving it forward. Since it is a direct copy of Litecoin you can only move it 'forward' at the expense of Litecoin. Why not spend that effort promoting Litecoin if you're so concerned about the crypto community? Or is it only the Feathercoin community you're concerned about?

LOL.,
Why was ANY of these created?
:

Name       Symbol  Release   Author            
----------------------------------------
bitcoin       BTC     2009/01   satoshi          
namecoin   NMC     2011/04   vinced            
multicoin              2011/06   sacarlson
devcoin     DVC     2011/08   Unthinkingbit
ixcoin        IXC      2011/08   Nasakioto
solidcoin    SC       2011/08   CoinHunter
geist geld   GG      2011/09   Lolcust
tenebrix    TBX      2011/09   ArtForz, Lolcust  
rucoin       RUC     2011/10
fairbrix      FBX      2011/10   coblee
litecoin      LTC     2011/10   coblee
coiledcoin  CLC     2012/01   makomk
liquidcoin   LQC     2012/01   Nicksasa
timekoin              2012/06   knightmb
bbqcoin               2012/07   Cubox
ppcoin       PPC    2012/08   Sunny King    
qubic                  2012/09   Come-from-Beyond
terracoin   TRC     2012/10
freicoin      FRC     2012/12   maaku, jtimon
ripple        XRP     2013/01   jed/OpenCoin
novacoin   NVC     2013/02   Balthazar
bytecoin    BTE     2013/04   Maria 2.0
mincoin      MNC    2013/04
feathercoin  FC     2013/04   bushstar

And here you are telling us that a day old coin will beat some other coin.

You are full of LOL.

I've never even heard of most of those. Of the ones I have it's because they added something new. What is the point of your post? Did you even read mine to the end? I don't think CHNCoin is going anywhere, but neither are Feathercoin and the vast majority of those coins you've listed.

I have read your post but it doesn't add anything new to the discussion. Whatever you think you have to say it has been said at least 2 years ago.
Meanwhile some of the smaller coins are thriving.
My point was that you are just blindly generalizing.

A new coin doesn't need anything innovative. There are enough reasons to have multiple identical or similar systems in operation.
Bitcoin is not a holy grail and it can fail. Altcoins are vital to the way bitcoin is supposed to work.

Yeah because with dozens of altcoins you get all these great effects like:

- hyperinflation
- obscurity
- pump and dump schemes
- diluted security (making 51% attacks easier)
- complicating merchant's business model

Sounds great! Let's have one million altcoins! Because diversity is always better, right?

[mobodick]

Yeah because with dozens of altcoins you get all these great effects like:

- hyperinflation
- obscurity
- pump and dump schemes
- diluted security (making 51% attacks easier)
- complicating merchant's business model

Sounds great! Let's have one million altcoins! Because diversity is always better, right?

In a free market diversity is better.
If there is no place for these altcoins they will go away.
And bitcoin could use some inflation. Way too many people there hoarding their coins.

Funny how all the problems you mention are solved by fiat money...
Maybe you didn't need bitcoins in the first place?

[erk]

In a free market diversity is better.
If there is no place for these altcoins they will go away.
And bitcoin could use some inflation. Way too many people there hoarding their coins.

Funny how all the problems you mention are solved by fiat money...
Maybe you didn't need bitcoins in the first place?

The hoarding is partially due to a lack of things to spend the coins on. Over time that should change. If the tax dept would take them as payment that would be really handy for a lot of people.

[mobodick]

In a free market diversity is better.
If there is no place for these altcoins they will go away.
And bitcoin could use some inflation. Way too many people there hoarding their coins.

Funny how all the problems you mention are solved by fiat money...
Maybe you didn't need bitcoins in the first place?

The hoarding is partially due to a lack of things to spend the coins on. Over time that should change. If the tax dept would take them as payment that would be really handy for a lot of people.

Agree that hoarding makes sense because of lack of economy.
But all this tells us that aparently even bitcoin is not that needed or else other businesses besides SR would have flourished.
All cryptocoins at the moment are driven only by future prospects of price.

[erk]

Agree that hoarding makes sense because of lack of economy.
But all this tells us that aparently even bitcoin is not that needed or else other businesses besides SR would have flourished.
All cryptocoins at the moment are driven only by future prospects of price.

With the exception of Bitcoin which is being used by people to purchase stuff all over the place. See SR or Bitpay for examples.

[mobodick]

Agree that hoarding makes sense because of lack of economy.
But all this tells us that aparently even bitcoin is not that needed or else other businesses besides SR would have flourished.
All cryptocoins at the moment are driven only by future prospects of price.

With the exception of Bitcoin which is being used by people to purchase stuff all over the place. See SR or Bitpay for examples.

So what can i buy for bitcoin besides recreational drugs, rackspace or bitcoin mining devices?