A warning about Alt-Coins

[UnevenDRalffy]

Good devs + good community = succesful coin.

This goes for every coin there is, including Bitcoin. 

Yeah there may be a few pumps and dumps here and there, but the coins that have real value will survive and prosper for years to come.

[Trevty]

Most alts will come and go.
Only the established ones will remain.
I like DOGE, DEV and NXT. I think they'll do well.
But who knows?

I imagine Doge doing relatively well.  It's really just a matter of whether it stays past the next few months.  If the initial hype dies down and it's still popular, then it'll definitely hold itself against the established altcoins.

[Bitcorev]

What is a good way to know or research what alt-currencies will be good or not?  I agree as someone said some but not all will or could do well.  Yet, there are at least 100 alt-currencies available.  For instance, Quarkcoin is in the top 10, but at 243 million coins still outstanding, does anyone believe that this might hurt this particular currency?

[mostafakhalil]

Thanks Dude 

[tabol]

.

[ariolis30]

im not yet completely sold on doge, but it sure is surprising me as to where it is at this point.  It was meant to be a joke but turned into something much more then that.  Well see what it becomes.  Catcoin anyone???

[dodgecharger]

doge , cat .... rat heheh

[Gorush89]

What do u guys think about skycoin

[Millicent]

Based on this article today on Marketwatch if there was an alt coin say CRD coin for Crude oil trading it would be an instant hit.   It stands to reason that an instantly traded currency would rule this fast paced marketplace.   To me this is a real world marketplace that stands to benefit from such a perfect trading apparatus.


There has been speculation for months about whether bitcoins might be accepted as legal tender by a major developed nation, whether the Chinese will accept them, or whether big web retailers will take then instead of conventional currencies. But the big breakthrough for digital money is more likely to come from the oil cartel, OPEC.

For decades, oil has been priced in dollars but key member states such as Iran, Algeria or Angola are not particularly friendly to the United States, even if they are not quite as hostile as they once were. They have been making noises about switching the price of oil out of the American currency for years, but have never quite managed to agree on alternative.

The euro was a runner for a while, until it started to implode. But what about bitcoins? It is a global currency, with no central bank trashing its value, and it might well prove a better store of value for countries that know their oil won’t last forever. If any single move establishes bitcoin as a serious monetary rival to the dollar, that will be it — and there will be more than a few wry smiles in Tehran over that.



 PS  If any of you devs pick this up keep me in mind 

[vieblue]

It's good idea to collect Dogecoin?

[stompix]

Based on this article today on Marketwatch if there was an alt coin say CRD coin for Crude oil trading it would be an instant hit.   It stands to reason that an instantly traded currency would rule this fast paced marketplace.   To me this is a real world marketplace that stands to benefit from such a perfect trading apparatus.


There has been speculation for months about whether bitcoins might be accepted as legal tender by a major developed nation, whether the Chinese will accept them, or whether big web retailers will take then instead of conventional currencies. But the big breakthrough for digital money is more likely to come from the oil cartel, OPEC.

For decades, oil has been priced in dollars but key member states such as Iran, Algeria or Angola are not particularly friendly to the United States, even if they are not quite as hostile as they once were. They have been making noises about switching the price of oil out of the American currency for years, but have never quite managed to agree on alternative.

The euro was a runner for a while, until it started to implode. But what about bitcoins? It is a global currency, with no central bank trashing its value, and it might well prove a better store of value for countries that know their oil won’t last forever. If any single move establishes bitcoin as a serious monetary rival to the dollar, that will be it — and there will be more than a few wry smiles in Tehran over that.



 PS  If any of you devs pick this up keep me in mind 

So , why make a new altcoin that does the same thing as bitcoin , just for a name?
Look at all the stupid casino,games,bet,lucky,poker coins that came out and look how many are used in online games and how many online betting websites are using bitcoins.

Do you pay with gaseuros at the gas station , with carrefoureuros at the supermarket , with electriceuros your electricity bill?

[stompix]

What do u guys think about skycoin

An interesting coin (I'm ironic here).
Clone of NXT principle , let's forget of mining , we "mine" or created it all from the start and sell them all to stupid people.

[stompix]

What is a good way to know or research what alt-currencies will be good or not?  I agree as someone said some but not all will or could do well.  Yet, there are at least 100 alt-currencies available.  For instance, Quarkcoin is in the top 10, but at 243 million coins still outstanding, does anyone believe that this might hurt this particular currency?

Yeah , it will hurt mining when the reward goes to 1/16 per block.
Since it's cpu based > easy pray for a botnet.
Also it's inflation doesn't help it a lot compared to other coins. Why the hell have inflation when people went into cyptocoins for fear of inflation.

[madjihad]

What is a good way to know or research what alt-currencies will be good or not?  I agree as someone said some but not all will or could do well.  Yet, there are at least 100 alt-currencies available.  For instance, Quarkcoin is in the top 10, but at 243 million coins still outstanding, does anyone believe that this might hurt this particular currency?

Yeah , it will hurt mining when the reward goes to 1/16 per block.
Since it's cpu based > easy pray for a botnet.
Also it's inflation doesn't help it a lot compared to other coins. Why the hell have inflation when people went into cyptocoins for fear of inflation.

It's already have hurt mining, since current reward per block is 8 QRK, while it was 2048 at the beginning. And basically almost all quarks are already mined, so we just mining inflation, or about 0.4-0.5% currently mined quarks.

[Millicent]

Based on this article today on Marketwatch if there was an alt coin say CRD coin for Crude oil trading it would be an instant hit.   It stands to reason that an instantly traded currency would rule this fast paced marketplace.   To me this is a real world marketplace that stands to benefit from such a perfect trading apparatus.


There has been speculation for months about whether bitcoins might be accepted as legal tender by a major developed nation, whether the Chinese will accept them, or whether big web retailers will take then instead of conventional currencies. But the big breakthrough for digital money is more likely to come from the oil cartel, OPEC.

For decades, oil has been priced in dollars but key member states such as Iran, Algeria or Angola are not particularly friendly to the United States, even if they are not quite as hostile as they once were. They have been making noises about switching the price of oil out of the American currency for years, but have never quite managed to agree on alternative.

The euro was a runner for a while, until it started to implode. But what about bitcoins? It is a global currency, with no central bank trashing its value, and it might well prove a better store of value for countries that know their oil won’t last forever. If any single move establishes bitcoin as a serious monetary rival to the dollar, that will be it — and there will be more than a few wry smiles in Tehran over that.



 PS  If any of you devs pick this up keep me in mind  

So , why make a new altcoin that does the same thing as bitcoin , just for a name?
Look at all the stupid casino,games,bet,lucky,poker coins that came out and look how many are used in online games and how many online betting websites are using bitcoins.

Do you pay with gaseuros at the gas station , with carrefoureuros at the supermarket , with electriceuros your electricity bill?

Well that's a good point, but to think that there will ultimately only be one digital currency is probably not realistic.   I guess my thinking is more along the lines of a digital currency that has some intrinsic value based on the crude oil it represents.  Like the gold standard used to be for the dollar.  I don't know really, it was just an idea that I haven't given a lot of thought to.

[sophiajinjinjin]

Thanks for the info

[stompix]

Based on this article today on Marketwatch if there was an alt coin say CRD coin for Crude oil trading it would be an instant hit.   It stands to reason that an instantly traded currency would rule this fast paced marketplace.   To me this is a real world marketplace that stands to benefit from such a perfect trading apparatus.


There has been speculation for months about whether bitcoins might be accepted as legal tender by a major developed nation, whether the Chinese will accept them, or whether big web retailers will take then instead of conventional currencies. But the big breakthrough for digital money is more likely to come from the oil cartel, OPEC.

For decades, oil has been priced in dollars but key member states such as Iran, Algeria or Angola are not particularly friendly to the United States, even if they are not quite as hostile as they once were. They have been making noises about switching the price of oil out of the American currency for years, but have never quite managed to agree on alternative.

The euro was a runner for a while, until it started to implode. But what about bitcoins? It is a global currency, with no central bank trashing its value, and it might well prove a better store of value for countries that know their oil won’t last forever. If any single move establishes bitcoin as a serious monetary rival to the dollar, that will be it — and there will be more than a few wry smiles in Tehran over that.



 PS  If any of you devs pick this up keep me in mind  

So , why make a new altcoin that does the same thing as bitcoin , just for a name?
Look at all the stupid casino,games,bet,lucky,poker coins that came out and look how many are used in online games and how many online betting websites are using bitcoins.

Do you pay with gaseuros at the gas station , with carrefoureuros at the supermarket , with electriceuros your electricity bill?

Well that's a good point, but to think that there will ultimately only be one digital currency is probably not realistic.   I guess my thinking is more along the lines of a digital currency that has some intrinsic value based on the crude oil it represents.  Like the gold standard used to be for the dollar.  I don't know really, it was just an idea that I haven't given a lot of thought to.

Do you now why I used euro and not usd?
Not because I'm an European  but to already answer to your future question.

So:
Well that's a good point, but to think that there will ultimately only be one digital currency is probably not realistic

Why not?
With the euro , 20+ (and more coming next decade)  currencies have gone extinct.
Give one reason why we would not have only one in the whole world in 100 years.

[stompix]

What is a good way to know or research what alt-currencies will be good or not?  I agree as someone said some but not all will or could do well.  Yet, there are at least 100 alt-currencies available.  For instance, Quarkcoin is in the top 10, but at 243 million coins still outstanding, does anyone believe that this might hurt this particular currency?

Yeah , it will hurt mining when the reward goes to 1/16 per block.
Since it's cpu based > easy pray for a botnet.
Also it's inflation doesn't help it a lot compared to other coins. Why the hell have inflation when people went into cyptocoins for fear of inflation.

It's already have hurt mining, since current reward per block is 8 QRK, while it was 2048 at the beginning. And basically almost all quarks are already mined, so we just mining inflation, or about 0.4-0.5% currently mined quarks.

Do you or anybody else reading this thread happen to know a place where you can check the hashing rate of the quark network over the last 30 days or so?

[hizzari]

What do u guys think about skycoin

An interesting coin (I'm ironic here).
Clone of NXT principle , let's forget of mining , we "mine" or created it all from the start and sell them all to stupid people.

Skycoin's gonna' fly--the sky's the limit! By the way, if you wanna' join up on Ecrypto, be a bro and use this link:

http://ecrypto.net?ref=405

You can trade NXT there, I think!

[stompix]

What do u guys think about skycoin

An interesting coin (I'm ironic here).
Clone of NXT principle , let's forget of mining , we "mine" or created it all from the start and sell them all to stupid people.

Skycoin's gonna' fly--the sky's the limit! By the way, if you wanna' join up on Ecrypto, be a bro and use this link:

http://ecrypto.net?ref=405

You can trade NXT there, I think!

Why should it fly? Any real reasons for it? Not the name and not another story about the famous devs behind it.
Also , I liked how your fer link got broken.