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Author Topic: WHy the fuck so many alt coins?  (Read 3019 times)
strunberg
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May 09, 2013, 12:46:22 AM
Merited by eddie13 (1)
 #1

Why?

People want to get rich?

Bankers want to bring down the bit coin system, by flooding the market with alt coins?

Just stop creating more alt coins!

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May 09, 2013, 12:48:24 AM
 #2

Why?

People want to get rich?

Bankers want to bring down the bit coin system, by flooding the market with alt coins?

Just stop creating more alt coins!


Ahhahahhhaahhaaa!!!! Then

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May 09, 2013, 12:49:25 AM
 #3

You call this "many" ?

Ha! 'Tis but a trickle!

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May 09, 2013, 12:53:42 AM
 #4


Best answer ever. Smiley
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May 09, 2013, 12:54:09 AM
 #5

Why so many alt-coins?

Evolution, of course.  Those are the dead-end muations.

"The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the systems was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations. Each central bank...sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world."

- Carroll Quigley, CFR member, mentor to Bill Clinton, from 'Tragedy And Hope'
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May 09, 2013, 12:58:25 AM
 #6

I think the more altcoins the better. Bitcoin is only minable by the rich and insiders now a days.

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May 09, 2013, 12:59:56 AM
 #7

Why?

People want to get rich?

Bankers want to bring down the bit coin system, by flooding the market with alt coins?

Just stop creating more alt coins!

Just stop making hate thread to stop alt coin so the bitcoin you hoarded can go back to $266.

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May 09, 2013, 01:00:38 AM
 #8

Look at litecoin diff.  It's gone from what, 300 to 600 within a month?

It is going to go from 470 to 614 by the weekend.
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May 09, 2013, 01:01:11 AM
 #9

what is alt coin?
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May 09, 2013, 01:03:48 AM
 #10

Why?

People want to get rich?

Bankers want to bring down the bit coin system, by flooding the market with alt coins?

Just stop creating more alt coins!


Umm.. Yup SUCK IT

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May 09, 2013, 01:10:47 AM
 #11

There are so many alt coins because people really want BTC, and the only way to convince people to part with their BTC is to show them something new and shiny. The shine wears off quickly, so you have to make another coin.

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May 09, 2013, 01:30:11 AM
 #12

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May 09, 2013, 01:34:41 AM
 #13

There are so many alt coins because people really want BTC, and the only way to convince people to part with their BTC is to show them something new and shiny. The shine wears off quickly, so you have to make another coin.



There are so many alt coins because it is next to impossible for normal people who dont have a 3000 dollar rig to mine anything worth a shit.

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May 09, 2013, 01:47:31 AM
 #14

why are there so many -fucking- threads about this shit every day.. there is a dedicated bitcoin forum.. stay there if you hate this.

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May 09, 2013, 01:55:32 AM
 #15

I think the more altcoins the better. Bitcoin is only minable by the rich and insiders now a days.

If owning a single 5770 makes a person rich then rich it is.  You can mine with less, but a 5770 will do the trick.

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May 09, 2013, 01:57:43 AM
 #16

Because we make money off them.
Because they are fun to fuck around with.
Because it is a learning experience for the devs.
Because there is no stopping anybody from making one.
Because, why not?
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May 09, 2013, 02:02:53 AM
 #17

I agree it is stupid shit every time you turn around a new alternative coin. I personally support competition and have been selling ltc almost exclusively, but come on every day a new bullshit coin... wtf? 
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May 09, 2013, 02:14:22 AM
 #18

Why so many cigarette brands ?

Blah blah
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May 09, 2013, 02:23:09 AM
 #19

Please, keep making all your alt coins. No, really. People chasing spamcoins with their hash power makes less hash power on the real coins. Means less competition for me...  Cool

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May 09, 2013, 02:24:18 AM
 #20

it's ok that there are alt coins.. but it's not good that random alt coins which have only just been released, that have been made by someone who isn't or can't support it are put onto the main exchanges... if it's something completely new (revolutionary), then fairplay..
i think a coin should not be put on an exchange for at least a month or 2.. just an intuitive guess/idea ;d

of course, if it's not worth anything then most people won't mine it... but the ones that do, and stick with it, and know that it is actually better than the other alts will be rewarded eventually.. and those that didn't think about the future, and only the present will be pissed off

something like that.. i shouldn't write while drunk ;d


edit: i suppose the failures could eventually fade away..  maybe they won't, maybe exchanges will stop putting random coins on their exchanges because they get so full, leaving the real good coins without an exchange..

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