A warning about Alt-Coins

[aminorex]

The zerocoin proposal adds anonymity to BTC.  I think it will probably be adopted by the BTC community.  No need to move to an altcoin, just assimilate useful new features like mini-blockchain and zerocoin. 

Here's a question:  How could BTC and LTC merge?  Both in terms of technical and political economy.  I'm too new to speculate on this but it seems a desirable end, because it would preserve the good-faith value-add of both communities.  If it were to happen it would almost certainly be advantageous to LTC, but it won't happen unless it is also advantageous to BTC.

[bogglns]

I think it's hard to mine now.

[zendantom]

I think it's hard to mine now.

It is for the mainstream coins, but these with not much perceived value you can mine plenty coins

[bouchon2cul]

I think only alt coins who could survive are the ones with a real business plan, it's not just about protocols.

Money should be neutral, not have a business plan.

[Skoutz]

Almost all of the alt-coins are there are going to be a waste of time.  They're being created to take advantage of people who get super excited about different things and then get pumped and dumped.

Be careful about wasting time with too many alt coins.

tysat, if you believe they are pump and dumps, seriously who do you think is behind it?  mtgox?  the btc elites?  honestly, if someone is pumping and dumping in an organised way, as a means of screwing new investors then the entire alt community should hunt them down

mtgox

[blueapache]

hello ,every body .

[satriani]

The zerocoin proposal adds anonymity to BTC.  I think it will probably be adopted by the BTC community.  No need to move to an altcoin, just assimilate useful new features like mini-blockchain and zerocoin. 

Here's a question:  How could BTC and LTC merge?  Both in terms of technical and political economy.  I'm too new to speculate on this but it seems a desirable end, because it would preserve the good-faith value-add of both communities.  If it were to happen it would almost certainly be advantageous to LTC, but it won't happen unless it is also advantageous to BTC.

zerocoin could be in NVC firstly

[CeeHustle]

I think only alt coins who could survive are the ones with a real business plan, it's not just about protocols.

I kind of agree...  They need to have a strong development team behind them, and they need to have the reliable support of the community.  So far, the only ones I think actually have both of those is Litecoins and Feathercoins.

[CeeHustle]

I think only alt coins who could survive are the ones with a real business plan, it's not just about protocols.

You can use http://www.coinwarz.com to see up-to-date mining profitability charts that compare all the actively traded cryptocurrencies.  There's always a lot of fluctuation in which is the top cryptocurrency every day, and it's caused by the constant flip-flopping of miners.  Personally, I'd recommend picking a few currencies that you think could do well, and go with them.  If you have the hash power, Litecoins are very stable in their profitability.

[peoplecoin]

Thanks for the info ~~~

[Delmonger]

I think only alt coins who could survive are the ones with a real business plan, it's not just about protocols.

Money should be neutral, not have a business plan.

Monies have business plans... its... part of their life.  You should ask your bitcoins what their business plans are, see if you are in their plans.

[Su100]

Its not just http://www.coinwarz.com/.

Try also
http://www.wheretomine.com/
http://www.coinchoose.com/

or even
http://coinpolice.com/

the first two seems better than the police one

[crypke]

thx for the infos

[tspacepilot]

I just took some of the free cryptogenic bullion from that thread.  still haven't received it though.  i have to admit, my main idea with it is just to convert it to bitcoin.

[xzone]

Thanks for the warning. I don't have altcoins now. I hope I get them one day.

[rrvk]

Thanks for the warning

[will1982]

Yeah... I think it's just devs who want their coin to be a success and get rich quick

[holugu]

Yeah... I think it's just devs who want their coin to be a success and get rich quick

Under normal circumstances, the get rich quick part may be a tall order. The only way to get there is to manipulate markets, or somehow achieve a high degree of acceptance for b2b and b2c transactions. I don't see that happening.

[mkbit88]

From reading some of this thread it looks like LTC and FTC and XRP are the way to go, in that order. I understand why LTC is getting accepted, but not really FTC. Can anyone explain?

It seems LTC is a faster version of BTC with higher total volume and protection from asic mining. I can understand those advantages but why is FTC not percieved as just another alt coin? I need to read in to FTC more, but from the surface I cant really see what jumps out as its competitive edge.

[btc4life]

I have been hoarding XPM.   I have 10 VPS running atm and a 3570k rig at home.   Hopefully the price moves up again.   My last trade was for .014 btc per xpm.