A warning about Alt-Coins

[Arturro333]

I heard from Bilderber that Bitcoin will hit 13 000 then just disapear to 1$ because there is one way to make it uselesss. Some people knows what i say that why who has to earn money will earn and who has to loose will loose

[headgsaket]

I had exactly this (mine was called FairCoin) idea this weekend:
 https://bitcointalk.org/index.php?topic=343986.0

The crux for this to work is a ProofOfWork job that is hard for computers such as reCAPTCHAs but easy for humans; while easily verifiable by computers. Said puzzles need to allow the proofed integration of a list of transactions and a previous block's hash, to be chain-able and signing transactions.

Faircoin because:: This would provide both an adoption path and an income to the third world, where hard currencies are much valued, and human intellect work is under valued.

still thinking it through tho, any suggestions would be much appreciated.

(and instructions on how to exit from the newbie lockdown too...)

TIA,
h

[DCRnerd]

Diversification in the post-cryptocurrency world means, in part, diversifying the blockchains on which your coin balances reside.

Using Bitcoin as example, CoinValidation may in essence compromise the usefulness and reliability of the Bitcoin blockchain. Other blockchains, such as Litecoin's, possess all the characteristics that make the Bitcoin blockchain so resilient and reliable, but would remain un-tampered with by centralized authorities. And if the same happens to Litecoin, we move to another blockchain. Owning altcoins is a hedge against hampering regulation or unforeseen security issues of the blockchain on which all your wealth is represented.

In this period of uncertainty about sovereign governments' intentions for Bitcoin, it only makes sense to diversify your your holdings by placing a portion of your wealth into some alt-coins that check out under due process.

[kingscrown]

thanx, good info!

[ghostcasserole]

Thinking about purchasing XPM, PPC, LTC. From what I gather PPC would be safer long-term? Although it seems like LTC will increase in worth faster than PPC, and have generally more widespread usage. XPM just because. All the other coins seem too fringe or abstract without real difference. Thoughts?

[azguard]

Thinking about purchasing XPM, PPC, LTC. From what I gather PPC would be safer long-term? Although it seems like LTC will increase in worth faster than PPC, and have generally more widespread usage. XPM just because. All the other coins seem too fringe or abstract without real difference. Thoughts?

Go for LTC and PPC, maybe FTC. I follow FTC in past several days it gonna pop in next year for sure, but that my opinion. These 3 are mine to folow LTC, PPC and FTC.

[andreja1982]

Hello

I'm new in world of cryptocurrency....
so I miss the bus for BTC...what Alt-Coin is best for starting?
ANC,LTC,XPM or?

I have a great computer, and i'm going to mine with contract miners

[Vezalke]

Hello

I'm new in world of cryptocurrency....
so I miss the bus for BTC...what Alt-Coin is best for starting?
ANC,LTC,XPM or?

I have a great computer, and i'm going to mine with contract miners

I would mine anoncoin if i were you. Difficulty is still low (14) while litecoin is almost 1500. Both currencies are scrypt based, so no ASIC and FPGA miners (yet).
There are some decent pools out there.

[andreja1982]

Hello

I'm new in world of cryptocurrency....
so I miss the bus for BTC...what Alt-Coin is best for starting?
ANC,LTC,XPM or?

I have a great computer, and i'm going to mine with contract miners

I would mine anoncoin if i were you. Difficulty is still low (14) while litecoin is almost 1500. Both currencies are scrypt based, so no ASIC and FPGA miners (yet).
There are some decent pools out there.

thanx for info
i'm mining right now on switchercoin.com

[CathalG]

Anyone noticed that Zetacoin has jumped 400% in just one day..

I have been singing this coins praises for sometime now and do think it is one to watch in the future with its super fast confirmations setting it apart, by why has it jumped in price??

[Corazon79]

Interesting about ZetaCoin.

I'm convinced, like the poster Anonymint, that Bitcoin will eventually be overtaken by an altcoin which has ironed out some of the design flaws. Whatever your position on Bitcoin, I really feel that P2P decentralised digital currencies are the future.

I'd love to see more innovation in this area.

[PenAndPaper]

I'm convinced, like the poster Anonymint, that Bitcoin will eventually be overtaken by an altcoin which has ironed out some of the design flaws. Whatever your position on Bitcoin, I really feel that P2P decentralised digital currencies are the future.

I have yet to see a coin ironing out bicoin design flaws. So far the only thing can see is tweaks and variations with theoretical value over bitcoin.

[tagbond]

It's not so much about any design flaws - crypto works for now - it is more about how a currency is used in the real world, by the 99.9% of the people who haven't even heard about crypto currency. For me, that is TAG.....but everyone has their favorite.

[HolyTemplar]

Alt Coins are generally pump and dump schemes, and in the long run will not be worth as much as Bitcoin (in my opinion).

However, for those of you that are interested, you can check the profitability of mining Alt Coins at http://www.coinwarz.com/cryptocurrency.

I've been watching these for a couple months now, and have 'dabbled' with a few (namely PPCoin and ZetaCoin) but have made a loss compared to how much I would have made mining Bitcoin in this time.

[londonslack]

I'm convinced, like the poster Anonymint, that Bitcoin will eventually be overtaken by an altcoin which has ironed out some of the design flaws. Whatever your position on Bitcoin, I really feel that P2P decentralised digital currencies are the future.

I have yet to see a coin ironing out bicoin design flaws. So far the only thing can see is tweaks and variations with theoretical value over bitcoin.

It is only when bitcoin has been used to purchase real good will we know how it works - im sure a new coin will be able to work out what the best way to change. I think all the current coins will be superseded by a new coin, that is not even been thought of yet

[PenAndPaper]

I'm convinced, like the poster Anonymint, that Bitcoin will eventually be overtaken by an altcoin which has ironed out some of the design flaws. Whatever your position on Bitcoin, I really feel that P2P decentralised digital currencies are the future.

I have yet to see a coin ironing out bicoin design flaws. So far the only thing can see is tweaks and variations with theoretical value over bitcoin.

It is only when bitcoin has been used to purchase real good will we know how it works - im sure a new coin will be able to work out what the best way to change. I think all the current coins will be superseded by a new coin, that is not even been thought of yet

Bitcoin is used already to purchase real good and services. For a new coin to overtake bitcoin it has to bring to the table something really innovative.
Faster confirmation times for example is not it.

[Moonover]

Anyone having secces with PTC ? As a late joiner, I feel like i'm mining solo for nothing ... but hey, i'm not paying my electricity so ..

[Don007]

I have no experience with PTC. Why not poolmine an altcoin? The last days the prices of the altcoins are insane! Try for example DigitalCoin (http://dgc.cryptopools.com/), TagCoin (http://tag.cryptopools.com) or FeatherCoin (http://coinotron.com).

[rampalija]

Alts are now going crazy

[agent007]

I really don't understand the need for so many alt-coins. What purpose could they possibly server that bitcoin is not doing atm? I have often wondered about them but just focus on BTC.

Maybe not all alt-coins are necessary but Namecoin is really cool.