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Author Topic: What Makes an ALT valuable?  (Read 575 times)
jubalix
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May 10, 2013, 12:26:23 AM
 #1

I would say


-Community
-Dev (Team)
-Innovation

In that order. Why, we because from the community, new DEV's can arise, A DEV is better than no DEV, but may fade. That's why Community is more important. innovation is hit and miss, since the idea of CC's is there. PPC would be an example of where it is a Hit, and a Good dev and Community.

Also for this reason of all coins I think BBQ coin is the one to watch for the simple reason, it has officially died, and been resurrected. It has proved something that no other coin has done, and why, because of the Community. This is why Community is the most important feature of any coin.



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Zeke_Vermillion
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May 10, 2013, 12:37:51 AM
 #2

Someone should start a fund to buy up half-dead cryptos and resurrect them. For example, you find a chain that is largely abandoned and then build some GUI clients and other features around them to make them more useful. Then sell off the coins you've bought at a big profit, which you have fully earned by adding value to the community...
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May 10, 2013, 12:37:56 AM
 #3

Speculation - the estimation that the buyer will be able to sell it in the future for more than he paid.

The inherent value of any coin is the cost of the energy required for one person to continue the block chain. After that person quits it's worth nothing. Coins used for actual transactions have to have value or you can't use them, but when that ceases they're again worth nothing.
RustyShackleford1950
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May 10, 2013, 12:41:45 AM
 #4

-Community
-Dev (Team)
-Innovation

I agree that community is the most important factor, but it's also the biggest problem. The community is littered with scammers, get rich quick idiots, and just plain children. Because of this the community is insanely irrational, emotional, spiteful, petty, and illogical. The community causes a lot of problems.

Interestingly though, it may be that in the long run, the "badness" of the community may destroy so many coins, that only ones with solid fundamentals are left, which would overall work out for the best. It's really hard to tell though.

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markm
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May 10, 2013, 01:07:46 AM
 #5

Someone should start a fund to buy up half-dead cryptos and resurrect them. For example, you find a chain that is largely abandoned and then build some GUI clients and other features around them to make them more useful. Then sell off the coins you've bought at a big profit, which you have fully earned by adding value to the community...

What for "start a fund" ? Isn't the huge pile of BBQcoins mined with CPUs over the last year or more and now trading on exchanges sufficient warchest?

What do you think the CPUs that were mining BBQcoin all that time are up to now?

The fact that BBQcoin is now too difficult for CPUs just means the CPUs that had been mining it have been freed up to mine all the other chains whose difficulty is low enough to still yield lots of coins a day to CPUs.

It is also easy to find the chains that the big miners have abandoned - left to the CPU miners - because they are not secret, they are simply being disparaged by the "Old Money" of the crypto world like Bitcoin before them was disparaged by the "Old Money" known as fiat.

Part of the objection to creating yet more new coins is the simple fact that the community has not been able to keep all the existing coins up to date so creating more coins just increases the burden, more chains to maintain, more clients to port each bugfix or improvement to and so on.

Of course there is also the factor that the longer it takes before a "sleeper" aka "under the radar" coin becomes fashionable the more coins the CPUs mining them will have hoarded by the time they do hit the exchanges...

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TruCoin
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May 10, 2013, 01:13:02 AM
 #6

Alts gain value only by people believing they are of value. Create demand ,create value and get the masses to stand behind it. Recipe for ALT coin value  Grin  Almost forgot most important create the Buzz. New features that give people talking points.

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markm
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May 10, 2013, 01:33:27 AM
 #7

Alts gain value only by people believing they are of value. Create demand ,create value and get the masses to stand behind it. Recipe for ALT coin value  Grin  Almost forgot most important create the Buzz. New features that give people talking points.

Hey do you have any CPU cores?

How about pointing one at one of the low difficulty coins for a few weeks or months to build up a huge warchest of coins, then demonstrate your awesome marketing abilities by bringing the chain back to the forefront of attention and popularity?

You could do that over and over, making a fortune each time!

Heck if you have more than one core you can mine a bunch of them at once, so that you will have many more of each one relaunched by the time you relaunch it than you had of the previous one!

Someone mentioned BBQcoin having shown resilience by surviving being attacked by Greedi, but hey, CoiLedCoin survibed Luke-Jr! Isn't that actually more of a feat?

Also, as it is merged-mined, you get double benefit or more, since you can pick up dirt cheap all the merged mined coins that miners are currently throwing away at firesale prices, then when you are done making CoiLedCoin the new big thing you can point out that this shows merged mined coins have good potential, and be on the way to cashing in big on all the other merged mined coins...

-MarkM-

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seleme
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May 10, 2013, 01:38:38 AM
 #8

What coins are you talking about MarkM?

If there are coins that are created in last few months or so then yeah, I could understand it but some coins that you have mentioned in your earlier posts are just not one that would come back as they were made 2 years ago are not one I think we'll see again (Tenebrix and Fairbrix just won't happen again)

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GSnak
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May 10, 2013, 01:40:07 AM
 #9

He's being sardonic.
markm
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May 10, 2013, 01:51:13 AM
 #10

What coins are you talking about MarkM?

If there are coins that are created in last few months or so then yeah, I could understand it but some coins that you have mentioned in your earlier posts are just not one that would come back as they were made 2 years ago are not one I think we'll see again (Tenebrix and Fairbrix just won't happen again)

Thats just what the people mining them want you to think. All kinds of interesting concepts for features to include when the relaunch happens have been discussed in #Tenebrix on Freenode IRC, for example. Lolcust has pretty much always planned to relaunch it, and it has pretty much always been humming along racking up coins for all the CPU miners that wander around out there picking up coins from all the chains that get easy enough for their CPU to get a nice pieslice of.

BBQcoin is just one of many "dead" coins, why would the people who mine the things all those months/years bring only BBQcoin back into the limelight?

Haven't you noticed all the noise lately about everyone having a fair chance to get in on the early adopter phase of a coin, the time when with just a CPU they can rack up coins? That is exactly what the "dead" coins are: coins for CPU miners to enjoy that early adopter phase. Eventually though that phase does end, and the people who had the patience to mine through the long out of the limelight CPU mining phase get to cash in. Meanwhile anyone is welcome to come and enjoy some CPU mining.

-MarkM-

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May 10, 2013, 02:00:49 AM
 #11

I have actually downloaded both of them after reading one of your posts the other day, what you are talking about makes sense at some point and I might actually see myself mining some of those for lulz and eventual positive outcome.

I don't know if they plan to surprise us at some point but everything about them looks so outdated that I didn't feel comfortable of keeping them on my pc.

I've browsed forum back to those days and that Tenebrix guy looked like someone who knows what he is talking about, shame it all went that way, he might actually contribute lot to crypto community if he stayed around (unless he is already here with some other name and maybe even created some of new kids on the block, lol)

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markm
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May 10, 2013, 02:02:22 AM
 #12

I have actually downloaded both of them after reading one of your posts the other day, what you are talking about makes sense at some point and I might actually see myself mining some of those for lulz and eventual positive outcome.

I don't know if they plan to surprise us at some point but everything about them looks so outdated that I didn't feel comfortable of keeping it on my pc.

Good, update the damn code! Duh!

-MarkM-

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seleme
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May 10, 2013, 02:05:20 AM
 #13

I have actually downloaded both of them after reading one of your posts the other day, what you are talking about makes sense at some point and I might actually see myself mining some of those for lulz and eventual positive outcome.

I don't know if they plan to surprise us at some point but everything about them looks so outdated that I didn't feel comfortable of keeping it on my pc.

Good, update the damn code! Duh!

-MarkM-


I've downloaded them from official githubs, windows versions, I don't have a clue how could I update them, lol

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