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Author Topic: A warning about Alt-Coins  (Read 901677 times)
ranmn7
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August 26, 2013, 06:25:27 PM
 #981

there simply will never be enough of them for this ever to become a true currency, or to be used in any major way for currency exchange.
This has been addressed a thousand times


I'm fairly new to all this, and haven't found those discussions. But I guarantee you, that people aren't going to be buying a house with their .000256 bitcoins even if they are valued at $10,000,000,000 each.
tysat (OP)
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August 26, 2013, 10:11:53 PM
 #982

there simply will never be enough of them for this ever to become a true currency, or to be used in any major way for currency exchange.
This has been addressed a thousand times


I'm fairly new to all this, and haven't found those discussions. But I guarantee you, that people aren't going to be buying a house with their .000256 bitcoins even if they are valued at $10,000,000,000 each.

Why not?
Winslow Strong
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August 26, 2013, 10:21:50 PM
 #983

Quote
I'm fairly new to all this, and haven't found those discussions. But I guarantee you, that people aren't going to be buying a house with their .000256 bitcoins even if they are valued at $10,000,000,000 each.

If you want to consider the absolute number of bitcoins, then just change units to satoshis.  There are 10^8 =100,000,000 satoshis per bitcoin, so in your example they would be buying a house for 25,600 satoshis.  And even satoshis could be subdivided into smaller units by changing the code if there became a need for this.  

Already some think the unit of "bitcoin" is too large at about 100USD, so propose mBTC as the base unit.
ranmn7
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August 26, 2013, 11:44:22 PM
 #984

there simply will never be enough of them for this ever to become a true currency, or to be used in any major way for currency exchange.
This has been addressed a thousand times


I'm fairly new to all this, and haven't found those discussions. But I guarantee you, that people aren't going to be buying a house with their .000256 bitcoins even if they are valued at $10,000,000,000 each.

Why not?

Consider, you get a new job, your salary is .000017 bitcoins per hour. umm don't think the average person is going to go for that. That's all I'm saying, regardless of what its true value is. Woohoo I make .0035 bitcoins a year, I'm rich!!
aficionadog
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August 27, 2013, 01:13:30 AM
 #985

Are there any uses for the alt coins except being traded on exchanges? I get the value of Bitcoins and Namecoins but the rest ....?
acoiner1
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August 27, 2013, 04:21:20 AM
 #986

After the all the volatility, I would see the future lies on XPM side.
eyesstworld
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August 27, 2013, 12:25:13 PM
 #987

goodboy ahahaha
I am new...
monan
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August 28, 2013, 12:22:21 AM
 #988

coins
aelpop
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August 28, 2013, 11:59:18 PM
 #989

im new to altcoin
Voidlord
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August 29, 2013, 02:13:29 AM
 #990

LTC for the hashrate !
Feathercoin for the backup !
XPM for the future !

E=(ɔ)mc²
dropcoin
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August 29, 2013, 09:53:09 AM
 #991

I hear a lot of alt-coins die after getting too high on difficulty.   Are there any alt-coins with guaranteed blocks?  Like on bitcoin testnet3 where after 20 minutes the difficulty drops to minimum.
wojenny
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August 29, 2013, 10:34:31 PM
 #992

LTC is the best coin after the BTC and it is worth to spend on it money
r3c4ll
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August 30, 2013, 04:35:41 PM
 #993

Coins-e is friendly to new crypto currency users,
Not only are we a well trusted exchange, but the wide rage of currencies we have gives noobs instant access to many wallet addresses in one place.

https://coins-e.com

I just observed your site is not responding. I wanted to check out the site and see the free coin faucets you have available there to see.
Also, What sort of good pools are available on your site?
Are they ad sponsored or free.

I am looking for a program to mine as well as to acquire a lot of bitcoins. I know you think its impossible, i am willing to devote as much time to this as possible. Obviously, I am a newbie to this, but i will get the hand of it in time, i believe.

I am always on the look out for good info with regards to mining bitcoins. I love this forums.

Certainly the site appears down most of the time (at least from my geographical location, South America and the Caribbean). Coins-e, don't you have some kind of monitoring service that report to you the status of the site?

r3c4ll
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August 30, 2013, 04:49:03 PM
 #994

https://coins-e.com We have had a face lift, and added many more coins just for you.

I cannot take anyone seriously that uses the avatar you are currently using...

Sorry for the question but, why? It's only about a ugly logo? he/she has another one? or what?

r3c4ll
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August 30, 2013, 05:06:21 PM
 #995

I recently read a very intersting article (http://bitcoinmagazine.com/5635/primecoin-the-cryptocurrency-whose-mining-is-actually-useful/) about Primecoin. It is fantastic how the mining/verification process can be useful for another tasks than just mining/support the e-currency economy.

Trillium
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August 31, 2013, 05:51:48 AM
 #996

I recently read a very intersting article (http://bitcoinmagazine.com/5635/primecoin-the-cryptocurrency-whose-mining-is-actually-useful/) about Primecoin. It is fantastic how the mining/verification process can be useful for another tasks than just mining/support the e-currency economy.

JOIN US!  Grin

BTC:1AaaAAAAaAAE2L1PXM1x9VDNqvcrfa9He6
shinyshiny
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August 31, 2013, 06:54:12 AM
 #997

Is Litecoin any good?
dicenow
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dicenow.com


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August 31, 2013, 12:38:22 PM
 #998

Is Litecoin any good?

I'd say LTC is in second place behind BTC.
lronaldo
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August 31, 2013, 06:43:43 PM
 #999

What about PPC? Do you think it will be worth more due to its mining algorithm???
ronimacarroni
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August 31, 2013, 07:37:21 PM
 #1000

What about PPC? Do you think it will be worth more due to its mining algorithm???
Well atleast pee pee coin and primecoin deserve honorable mention because they both added something new to the table.
But I think they've been betamaxed at this point.
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