infoporter (OP)
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Merit: 100
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May 10, 2013, 06:27:08 AM |
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All you people who are forking Bitcoin, Litecoin, PPCoin, etc... are not helping a thing for this "experiment" to succeed. I actually make my living developing open source software, but I sure as hell do not think that our community will survive with it's current mentality. Forking software is considered a kick in the face. CONTRIBUTE to the original project if you have ideas and code that you can write to make a better software.
We should be trying to preserve Bitcoin and legitimate alternative currencies that offer significant differences, such as Litecoin, PPCoin, and some others. The recent influx of "alt coins" is hindering the advancement of Bitcoin, and successful alternatives that have been around for YEARS already. Most of the current "alt coins" are Pump and Dump scams as far as I can tell. Most have been pre-mined, or are ready, set, to go mined by the developers and friends and then sold on the forum here or given away.
Yeah, it may be fun, and profitable, to pump and dump some new coin for a profit, but think of what you are doing to the cryptocurrency movement by making a bunch of coins that fail. We should be concentrating on the prize, a cryptocurrency that has everything a real currency has, but better. We are instead allowing possibly talented developers to wallow in their own "new coin", which is not helping the movement as a whole at all. If you know how to code, contribute to the main project, or create a coin that matters a fuck.
Until something seriously innovative comes around, Bitcoin and Litecoin are here to stay. The rest of these "alt coins" are fly-by-night operations looking to pump and dump on noobs. BEWARE!
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"Your bitcoin is secured in a way that is physically impossible for others to access, no matter for what reason, no matter how good the excuse, no matter a majority of miners, no matter what." -- Greg Maxwell
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infoporter (OP)
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Activity: 124
Merit: 100
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May 10, 2013, 06:36:16 AM |
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For those who need a clue, THIS is the SOURCE CODE for Bitcoin. https://github.com/bitcoin/bitcoinIt can be easily forked (as we have seen), BUT if you contributed useful code to the project, Gavin might accept your pull request. Then you are a Bitcoin Rockstar! Right? Who knows!?!? If you have the skills, why waste them on an "alt coin". Help the main Bitcoin project, or alternative coin projects that have been out for a while. Thanks! An Open Source Software Contributor |
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GSnak
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May 10, 2013, 06:38:20 AM |
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After the raving success of FTC and CNC on BTCe, I think the zero improvement alt-coin fad will wear off in short order.
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mr_right
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Activity: 28
Merit: 0
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May 10, 2013, 06:41:16 AM |
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i welcome alt-coin. i don't want to be stuck with a $4/day profit mining bitcoin. even the scammers got the lion share the crumbs are more than $4.
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infoporter (OP)
Full Member
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Activity: 124
Merit: 100
Hardhat Required in This Area
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May 10, 2013, 06:42:34 AM |
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After the raving success of FTC and CNC on BTCe, I think the zero improvement alt-coin fad will wear off in short order.
One would hope. |
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Eli0t
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May 10, 2013, 04:35:32 PM |
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totally agree with OP, having too many coins with 0 improvement is like having one country with 20 currencies
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LTC: LKpJf3uk7KsHU73kxq8iFJrP1AAKN7Yni7 DGC: DKXGvEbj3Rwgrm2QQbRyNPDDZDYoq4Y44d XPM: AWV5AKfLFyoBaMjg9C77rGUBhuFxz5DGGL
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mkmen
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May 10, 2013, 04:55:43 PM |
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I kind of agree (beacuse of all the useless copies), on the other hand, there are new ideas that can't be just added to existing blockchain so creating new one is the only option.
FTC, CNC and alike are ofcourse not one of them.
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AzureEngineer
Member
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Activity: 98
Merit: 10
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May 10, 2013, 04:58:27 PM |
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If the market wants altcoins, it will get altcoins. As soon as altcoins stop making money, no one will use them. As of right now altcoins continue to make money rather easily.
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My name was simply a play on "Blue Engineer" from Team Fortress. I am not affiliated with Microsoft or the Azure project.
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digitalindustry
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May 10, 2013, 04:59:22 PM |
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For those who need a clue, THIS is the SOURCE CODE for Bitcoin. https://github.com/bitcoin/bitcoinIt can be easily forked (as we have seen), BUT if you contributed useful code to the project, Gavin might accept your pull request. Then you are a Bitcoin Rockstar! Right? Who knows!?!? If you have the skills, why waste them on an "alt coin". Help the main Bitcoin project, or alternative coin projects that have been out for a while. Thanks! An Open Source Software Contributor hey mate exactly what i'm trying to do , with you nice people - connect the dots, head on over to my NVC Pow + PoS + mini Blockchain idea, you might be able to contribute ! the YOU will be my rockstar ! and just think you will have contributed to the next phase of development . people will approach you on the street and randomly lick your face. young girls in tight T-shirt will want to hug you. as you walk by men that are concreting that new section of walkway down the street, they will quietly mention to the foreman- "that guy wears a nice cologne " . |
- Twitter @Kolin_Quark
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bitdwarf
Sr. Member
Offline
Activity: 406
Merit: 250
The cryptocoin watcher
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May 10, 2013, 05:00:47 PM |
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YAC is using a different Scrypt algo and N retargeting, and it's re-exploring CPU mining. Whether it'll succeed or not, there's going to be interesting stuff to learn from it. ... and it also made a lot of people install Linux.  |
𝖄𝖆𝖈: YF3feU4PNLHrjwa1zV63BcCdWVk5z6DAh5 · 𝕭𝖙𝖈: 12F78M4oaNmyGE5C25ZixarG2Nk6UBEqme
Ɏ: "the altcoin for the everyman, where the sweat on one's brow can be used to cool one's overheating CPU" -- theprofileth
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Joe_Bauers
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May 10, 2013, 05:01:44 PM |
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All you people who are forking Bitcoin, Litecoin, PPCoin, etc... are not helping a thing for this "experiment" to succeed. I actually make my living developing open source software, but I sure as hell do not think that our community will survive with it's current mentality. Forking software is considered a kick in the face. CONTRIBUTE to the original project if you have ideas and code that you can write to make a better software.
We should be trying to preserve Bitcoin and legitimate alternative currencies that offer significant differences, such as Litecoin, PPCoin, and some others. The recent influx of "alt coins" is hindering the advancement of Bitcoin, and successful alternatives that have been around for YEARS already. Most of the current "alt coins" are Pump and Dump scams as far as I can tell. Most have been pre-mined, or are ready, set, to go mined by the developers and friends and then sold on the forum here or given away.
Yeah, it may be fun, and profitable, to pump and dump some new coin for a profit, but think of what you are doing to the cryptocurrency movement by making a bunch of coins that fail. We should be concentrating on the prize, a cryptocurrency that has everything a real currency has, but better. We are instead allowing possibly talented developers to wallow in their own "new coin", which is not helping the movement as a whole at all. If you know how to code, contribute to the main project, or create a coin that matters a fuck.
Until something seriously innovative comes around, Bitcoin and Litecoin are here to stay. The rest of these "alt coins" are fly-by-night operations looking to pump and dump on noobs. BEWARE!
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debianlinux
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May 10, 2013, 05:08:47 PM |
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You may claim to understand FOSS but apparently you missed the class on free markets.
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qxzn
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May 10, 2013, 06:01:25 PM |
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I kind of agree (beacuse of all the useless copies), on the other hand, there are new ideas that can't be just added to existing blockchain so creating new one is the only option.
FTC, CNC and alike are ofcourse not one of them.
This. The bitcoin devs aren't going to accept ye-random crazy idea into the source code. Want to try a pure-proof-of-stake coin, or an inflationary coin, and see how it fares in the market? Only one way to do it.. |
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