A warning about Alt-Coins

[Welsh]

I see 3 to 5 alt coins not completely crashing and burning in the future.  People just create them to get rich with the craze, not to actually do something.

I can only see potential in only a few. Two at the most. Most are just rich quick schemes for the owners like previously stated.

[machasm]

First post here. I have been mining coins now for around 2 months. Got 2 rigs with 4 cards each mining at 5.1Mh/s script coins. Was using Hascows until they were hacked and then switched to multipool. Hoping to get back onto cows once they have sorted the issue out.
Also had a punt at solo mining giftcoins (got around 300 coins) and today a quick stab at UFO coins (just for a laugh really).
I have been wondering why I couldn't post until I re-read the registration form. Ooops.
Anyway, hi all.

[ParanoidE]

Greetings to you all!

I am new here, and I actively research about bitcoins everyday. My question here is to ask your opinion on a new altcoin that I just want to create.

The idea came when I saw coingen.io. Of course, the best way is to actually fork the code, if I want to give future support. I live in a country (still not confident to disclose) where the access to foreign currencies is blocked or strongly limited (therefore, acquiring bitcoins and/or miners is pretty hard, I've seen people selling miners around here, but really overpriced and with the difficulty these days, not worth to bother). It isn't like you can swipe your Visa or MasterCard online and it will work, it just won't, the currency blockade is in place there too. Those who have bitcoins here it's mostly because they mined those when CPU mining was possible, and GPU to the extent they could.

However, I've seen that many people wants to jump into the bitcoin bandwagon whatever-way they can. Now, what's the point of creating online businesses that accept bitcoins if hardly people will pay with it? After all, it's really hard to buy bitcoins, again, it's not possible to transfer money outside the country (as a normal citizen) in order to buy bitcoins from an exchange. So, to the point...

My altcoin. What do you guys think? I'd keep the same bitcoin parameters (only change the 3-letters code). It's only for giving a chance to develop this market here. I thought of it strategically because:

• Since it's not possible to get bitcoins at all, unless you already are a foreigner and you weren't born here... you can buy the altcoin with the local currency.
• Allows for people to have their own accesible commodity, to invest and to do whatever they please.

What do you guys think? In this extreme economy... extreme measures are to be taken.

[dr. Anik]

big mining is necessary evil

[etang1]

 

[splotki]

I think it's easy to mine now. Better now than later.

True

[vaffancul013]

If possible please send Bitcoin I would very well appreciate it and so will you. Thankyou. BTC 1HfuDSMqfqfTwLKzMikWH8zzos476oAWRE

[philcoit]

Has anyone used coingen.io to create a coin? If so, did you get your client?

[oscar5]

Hello guys,

I'm new here and I want to hear your opinion about Dimecoin. What do you think about its future? There were some big giveaways recently. Is it smart to invest some money on it ?

Thanks

PS: How to post in treads with giveaways when I'm restricted (Newbie)?

[Eusebio]

i would like to know that too!

[olinnebit]

Hello guys,

I'm new here and I want to hear your opinion about Dimecoin. What do you think about its future? There were some big giveaways recently. Is it smart to invest some money on it ?

Thanks

PS: How to post in treads with giveaways when I'm restricted (Newbie)?

DIME had a strong community, but it is impossible to know if it is a good investment or not. Invest as much as you are willing to lose
You have to make one post and wait 4 hours before you can post anywhere else on this forum.

*Edit; RIP Eusebio

[vortal]

ALt coins play an important role in the crypto economy. People think they delude the market, and this is true in a sense. But alternative crypto also cements the market. Proving that demand can out weigh supply, and that interest is still very strong.

[irishpedro]

If there were no alt-coins all the hashing power would go to the majors and it would be very saturated. I say thank the alt-coins for pulling the pressure (and increased difficulty) off the majors networks. Just my 2 cents (prolly worth less than a single Dogecoin) 

[Eusebio]

where can i by Kanye West coin?

http://noisey.vice.com/en_uk/read/screw-bitcoin-and-dogecoin-theres-a-new-kanye-west-themed-cryptocurrency-on-the-way

[stompix]

Has anyone used coingen.io to create a coin? If so, did you get your client?

Please tell me it's not working!
Or another avalanche of alt coins will be underway.

[stompix]

If there were no alt-coins all the hashing power would go to the majors and it would be very saturated. I say thank the alt-coins for pulling the pressure (and increased difficulty) off the majors networks. Just my 2 cents (prolly worth less than a single Dogecoin) 

People are beginning to have a wrong idea here.
As more people mine a coin , more hash power the network has , is is less dangerous for a coin to be exploited by a botnet (cpu) of by a powerful mining farm.
What is better , a coin mined by 10 people with low difficulty or a coin that has 1 million miners and sky high difficulty.

[Eusebio]

Has anyone used coingen.io to create a coin? If so, did you get your client?

Please tell me it's not working!
Or another avalanche of alt coins will be underway.

that means a lot of speculiation oportunities wow \o/

[crastin]

We announce new cryptocurrency 2CHCoin by greatest Russian imageboard 2ch.hk

Original threads on Bitcointalk -
https://bitcointalk.org/index.php?topic=401296.0
https://bitcointalk.org/index.php?topic=398100.100

Thread on Russian cryptoforum:
https://forum.btcsec.com/index.php?/topic/4306-2chcoin/page-6

All Russian anonymous wants 2CHCoins on Cryptsy.com, COINEX, CoinedUp and others so thats why we here.

For 3 days, difficulty grows from 0.5 to 2000 and it's 50% from quarkcoin's difficulty (algo is the same). Also we thought that China mine too, because we found their IP`s

At now we have:
Official site http://[Suspicious link removed]/ and at soon http://2chcoin.ru
Thread in 2ch.hk : http://2ch.hk/cc/

4 p2pool :
http://2ch.itgg.net:10700/static/
http://[Suspicious link removed]:8377/static/
http://pool.2chcoin.in:8377/static/
Known China pool http://2ch.sg1.com.cn:5372/static/

Block explorer:
http://blocks.2chcoin.in

http://i1.imageban.ru/out/2014/01/06/c087e89d375ce8258f9fbf20aa70a988.jpg

[dinankou]

wow this is pretty aggressive, isn't it ?

[crastin]

Please help to go on Cryptsy: https://cryptsy.freshdesk.com/support/discussions/topics/62899