A warning about Alt-Coins

[Revelation 22:13]

How is FastCoin doing?

[rizzman]

It's true that there's a huge saturation of alt coins in the market now, which is devaluting a lot of them.  It's hard to say which coins will gain in value in the future; sometimes you never know.

Quite right on that. I was considering just switching the GPU rigs over to LTC, but even with the inflated difficulty, the value difference, its making more sense to stick with BTC. I am currently generating a coin per week,  and exchanging for litecoin for investment... Not sure where people are getting the idea that LTC is more profitable nowadays...but atleast for the forseeable future I will be sticking to BTC

[rizzman]

I mined 10k of lucky coin... lot of trash

Yea, most of them are mostly crap. Not convincing enough to move away from BTC. The only one I am really concerned with is Zerocoin, if it ever gets adopted, it could send BTC into Freefall

[rizzman]

I mined 10k of lucky coin... lot of trash

What would really be a great Idea is if someone were to come up with some form of crypto currency that wasn't just generating crypto just for itself, but one that could be used in other applications, like the generation of really big prime numbers for use in every day encryption, would be great considering it would help getting the rest of the world on board with the idea of a crypto currency considering it would have a recognizable purpose attached to it.

[kaputt]

I mined 10k of lucky coin... lot of trash

What would really be a great Idea is if someone were to come up with some form of crypto currency that wasn't just generating crypto just for itself, but one that could be used in other applications, like the generation of really big prime numbers for use in every day encryption, would be great considering it would help getting the rest of the world on board with the idea of a crypto currency considering it would have a recognizable purpose attached to it.

This is something that has been looked into, and I think you are right. It would make crypto currency more purposeful, and that would get more people on board. The problem is, for most tasks, like folding at home and such, the proof of work has been found to be difficult. The prime numbers thing though. There is some use of prime numbers in cryptography. Maybe that could be worked into a crypto currency. They do have rewards for finding larger prime numbers already, but it doesn't pay as well as mining *coins.

[krayzie32]

I mined some of the other ones but the reward was too low to make it worth it.

[General_Hughes]

Doesn't seem like there is anything out there but some clones. What would one look for in a new coin? What do you'll think would be the easiest improvement to BTC?

[dannyjr89]

Ripple is looking pretty promising.

[tiberiandusk]

SolidCoin is looking pretty promising. I've got 50 in a wallet somewhere. Who wants them? $5000 per coin. SolidCoin is the future!

[krudkeeper]

i like wdc though. Whats everyone else think?

Who accepts them?

[aquaticas]

I will second Lightcoin because over time the exchange rate has been trending upwards and I expect that many GPU miners will switch to Lightcoin after ASICs become more prominent on the bitcoin network.

[stop7777]

thank for this info..

i'm a new in here and i have more learning about bitcoin.

i have a few grafic card want to sell it.

how can i sell with bitcoin which website.
anyone tell me

[cygnus]

is terracoin good?

[EricSchreyer]

SolidCoin is looking pretty promising. I've got 50 in a wallet somewhere. Who wants them? $5000 per coin. SolidCoin is the future!

Newbie question: Why not keeping SolidCoin, if SolidCoin is the future? Seems a little bit that USD has a better future than SolidCoin???

[tiberiandusk]

SolidCoin is looking pretty promising. I've got 50 in a wallet somewhere. Who wants them? $5000 per coin. SolidCoin is the future!

Newbie question: Why not keeping SolidCoin, if SolidCoin is the future? Seems a little bit that USD has a better future than SolidCoin???

It was a joke. SolidCoin was shit and died a long time ago. 99.99% of all these new copycoins coming out will fail after they are pumped and dumped.

[1dannyboy]

That is how evolution works. You start with Bitcoin; you have mutations. The successful ones will prevail! Just because Bitcoin is the most valued today does not mean it will be in the future.

I have earned more money mining and dumping Alt coins than bitcoin.

Imagine a world with only one fiat currency? Imagine the internet with only Bitcoin?

I also have having to post boring junk so I can actually post the things I need to

[tysat]

That is how evolution works. You start with Bitcoin; you have mutations. The successful ones will prevail! Just because Bitcoin is the most valued today does not mean it will be in the future.

I have earned more money mining and dumping Alt coins than bitcoin.

Imagine a world with only one fiat currency? Imagine the internet with only Bitcoin?

I also have having to post boring junk so I can actually post the things I need to

Very true points.  The problem I see is that the average user of alt-coins is going to end up at a loss when trying to do that.  I've definitely lost out of profit because of stuff I was doing with alt coins.

[Spectrome]

You just have to make sure you choose correctly, nothing that a little research, math, reading doesn't solve. Also its never a good idea to jump on a new coin anyways as the Market and Difficulty is too flimsy to even consider making the investment.

[Joniskis]

so...coin crashh.....

[elambert]

Can someone please help me with finding a qt wallet for pxc on my mac? Thanks.