What's with value of Alts today?

[Barnacle_Ed]

You guys should create another alt coin to throw all your miners at, this will make you feel better.  Trust me.

I totally agree... I need a fix... I'm shaking here.

CocaineCoin, MethCoin, and TobaccoCoin. You can quit mining them anytime you want...promise...

[RodeoX]

They never had any value with me in the first place. None of these Alt coins are as good as bitcoin, IMO.

[HowGudAmI]

They never had any value with me in the first place. None of these Alt coins are as good as bitcoin, IMO.

Hi, you are obviously a long time member who must have seen many worthless ALTcoins come and go, I would be interested to know if you do hold any amounts of alt coins as a way to 'spread your bets'?

I personally have mostly BTC/LTC (the majority switches between the two as i switch them as prices fluctuate for a profit), with very small holdings of other alts just incase they explode in value (I dont have much faith in this actually happening). I feel that this diverse holding reduces risk.

I am also keeping a good percentage of my holdings in LTC aswell as BTC because, although BTC may be the 'king' now - it may not always be - regardless of which is actually better. think VHS vs Betamax, or Myspace/bebo/facebook etc.

[RodeoX]

I guess I shouldn't knock all alt coins. I do not know much about some of them. But it seems many of them are trying to fix something that is not broken or trying to cater to a special interest. Like coins that have a constant block reward for miners. So I do not have any alt coins. 

[markm]

People used to regularly post complaints that bitcoin was broken economically because a proper currency should not stop making new coins, so if only to shut them up by being able to point to a coin that was designed to do what they said needed to be done, such a coin was made available for them to use instead of bitcoin so they would not have to feel they were somehow being forced or coerced into using a broken economic model.

So the continuous rewards are in at least some cases not there for the miners but, rather, for the people who rabidly insisted that was the proper way a currency should be. The rewards do go to the miners though, it is just not always the case that it is for them that it is set up to do that.

Interestingly, the very people who screamed and shouted that that was the one true way never did actually use the coins that were created "for them". Hmmm.

-MarkM-