A warning about Alt-Coins

[Inity]

Where can i found information about coins, that will be released soon? Thank you.

Check out this subforum:
https://bitcointalk.org/index.php?board=67.0

New here, thx

[penlight]

Everyone can make an alt coin nowadays right? There are some quite detailed guides out there.

Yep. The guides out there make this a pretty simple process. There are a few things left out, but it's pretty easy to figure out once you get going. A post on the forums here will give you some guidance if you get stuck along the way.

I think there are a few people who will do this for you, if you're unwilling/unable to do it yourself. For a small fee, I'm sure

[CookieFactory]

Pumpers and dumpers, oh my. 

[howlkied]

There are tons of alt coins now. Will they all fade away after there first split in block award? or will they all hang around because as long as some people mine them I guess they can. Pretty strange right now, a lot of demand I guess for them but seems like in a few months when people don't see them sky rocket they will fade but a few.

[CookieFactory]

If you take a step back we are still in the infancy of crypto-currencies at the moment, and it's like the wild wild west out there.  While I'm no expert by any means, I try to evaluate each coin based on how positive I see its niche.  What does *coin bring to the table that separates it from the crowd?

[begcoin]

the alt-coin scene is a mess and makes a mockery of bitcoin.
 
 
this whole market is primed to be swallowed up by a real big player. if facebook released the facecoin, apple the icoin, google the goocoin etc, the uptake would be so vast overnight that almost every other coin would become worthless, including bitcoin.
 

[Limones]

I agree with the sentiment, but not your conclusion. The Alt-coin game is a 90/10 mixture of people trying to print their own money, and a few coins that have actual 'improvements' in them, even though Bitcoin works just fine. Maybe 90/10 is too generous, 98/2 might be better. But either way, a FaceCoin etc. would do one thing well: drive people to crypto-currencies that don't currently use it. Mass adoption through any means is only going to help us in the long run, IMO.

[begcoin]

once upon a time, 80% of the internet used netscape navigator, people 13 years ago thought it was untouchable, then windows xp hit and internet explorer squashed them.
 
once upon a time myspace was valued in the billions lol.  theyre more how i view bitcoin just now, they proved there was a demand for a dedicated social space for people to upload everything about themselves that facebook merely improved on slightly, but just enough to take off right at a point more people were adopting the internet (and the original smartphones came out) more so than in myspaces heyday.  yet myspace still exists.
 
once a big internet player can make a more accessible digital currency, the masses will jump on it, bitcoin will still be around but will only ever be used by he criminals or whoever specifically needs the anonymity that comes with the territory.
 
it wont be worth the amount it is at the moment but itll still be around, especially if it gets even more inaccessible to the casual internet user in the face of a giant new player.
 
i think atm people are banking on bitcoin being the one cryptocurrency that takes off and goes truly mainstream, which is a reasonable assumption in the sea of shitcoins we have available to us today, sadly its an assumption that history tells us is short sighted though.
 
some of these alt coins are an improvement but none of them could compete with the likes of apple or facebooks uptake in adoption should they push for it, regardless of their future systems flaws.
 
apple didnt invent the tablet, google didnt invent search engines, facebook didnt invent social networking etc etc.  times change and bitcoin needs a hell of a lot of improvement, which somebody else will no doubt step in and find.

[scottii]

the alt-coin scene is a mess and makes a mockery of bitcoin.
 
 
this whole market is primed to be swallowed up by a real big player. if facebook released the facecoin, apple the icoin, google the goocoin etc, the uptake would be so vast overnight that almost every other coin would become worthless, including bitcoin.
 

Depends on the altcoin.  FRK has among the most vendors, active community, and the least to be scammed on.

frankos.org
crypto-knight.org
http://www.frankopedia.com/mediawiki/index.php/Main_Page

[Maverickthenoob]

the alt-coin scene is a mess and makes a mockery of bitcoin.
 
 
this whole market is primed to be swallowed up by a real big player. if facebook released the facecoin, apple the icoin, google the goocoin etc, the uptake would be so vast overnight that almost every other coin would become worthless, including bitcoin.
 

Depends on the altcoin.  FRK has among the most vendors, active community, and the least to be scammed on.

frankos.org
crypto-knight.org
http://www.frankopedia.com/mediawiki/index.php/Main_Page

Nice little coin plug you have there.

[Nyan-Coin]

Some altcoins will be worth quite a bit in the future. Also it's nice being an early adopter.

[sorcerer37]

I agree with Begcoin. I think cryptocurrencies are here for the long haul, but I'm uncertain about Bitcoin itself. However, given the level of adoption of Bitcoin, it is going to take some good ingenuity before people move on. I don't think the current alt-coins are enough of an improvement, but we'll see what 2014 and beyond awaits!

[fradifra]

HI everybody
I am a newbie so I am trying to post something
Anyway
this is a good chance for saying happy new year

 

[begcoin]

the alt-coin scene is a mess and makes a mockery of bitcoin.
 
 
this whole market is primed to be swallowed up by a real big player. if facebook released the facecoin, apple the icoin, google the goocoin etc, the uptake would be so vast overnight that almost every other coin would become worthless, including bitcoin.
 

Depends on the altcoin.  FRK has among the most vendors, active community, and the least to be scammed on.

frankos.org
crypto-knight.org
http://www.frankopedia.com/mediawiki/index.php/Main_Page

Another Shitcoin for the list, just what the market needs.

[Fasttrade]

Hi,

What do you guys think of the altcoin Fastcoin? 

I bought some because it had a short blocktime, 12 seconds instead of 600 seconds for Bitcoin.

From what I've seen it works well to send and receive, but is there some problem I'm missing?  Thanks for any input.

[ra1stlin]

Its just getting ridiculous ... its now how many new alts daily ? 10+ ? Im guessing around 90 percent will be dumped before end of this year ..

[olinnebit]

Hi,

What do you guys think of the altcoin Fastcoin? 

I bought some because it had a short blocktime, 12 seconds instead of 600 seconds for Bitcoin.

From what I've seen it works well to send and receive, but is there some problem I'm missing?  Thanks for any input.

I am not sure on this, but doesn't such a fast blocktime compromise security? That is what I always hear about short blocktimes.

[Fasttrade]

I am not sure on this, but doesn't such a fast blocktime compromise security? That is what I always hear about short blocktimes.

Thanks for reply. Neither am I certain, but I've also read that short block time improves security. What is true?

I think a fair comparison could be made between the resource cost safety margin in terms of time, money, etc, for a false spend with 0 confirms in the Bitcoin network and a false spend with 1 or 2 confirms in the Fastcoin network.

My guess is a confirm in the fastcoin network is harder to fake than no confirm at all in the bitcoin network, meaning fastcoin is in practice a safer alternative than bitcoin for transactions with a preferred fast confirm (12s, fast enough in a cab, supermarket or similar) rather than no confirm.

Though I might have gotten it all wrong so I would still love any input on this.

 

 

[Nutramus]

hello, I`m happy I`ve found this forum.

(i am a newb)

Great forum...

[jijunxin1990]

my name is joyce ..im a new worker