The end of Alt-Coins

[crazy_rabbit]

I'll keep this short and sweet. There are now so many alt-coins that it has become the same thing as hyperinflation. The value of alt-coins is trending towards zero. Great job guys! 

[arjay45]

I agree, for the love of God stop with the litecoin and novacoin clones. If it doesn't bring something new to the table don't do it. It's no longer profitable.

And for crying out loud, announce it a few days in advance. That builds suspense and anticipation of your coin provided it has some originality to it. Coins that announce ahead of time do much better. I'm not even going to bother mining the surprise clones any more.

[Yurizhai]

It's just going to take a little more effort now.

[Number6]

The thread title sounds kind of like all that world is ending in 2012 stuff. I am sure many of these will not be around in a year, but a few might. The trick is in figuring out which ones they are.

[bushstar]

People are starting to look at who is behind a coin and how genuine it is. These coins that seem to have nothing behind them will soon be ignored.

There is still 0pticoin and MC2 both of which seem interesting. MC2 is trying out some new features which could one day make it into other coins and 0pticoin gives some rare and epic drops

[TraderTimm]

The thread title sounds kind of like all that world is ending in 2012 stuff. I am sure many of these will not be around in a year, but a few might. The trick is in figuring out which ones they are.

Just like penny stocks - most are worthless crap.

[escrow.ms]

The thread title sounds kind of like all that world is ending in 2012 stuff. I am sure many of these will not be around in a year, but a few might. The trick is in figuring out which ones they are.

It's easy to figure out.

Clone coin without any new idea,feature or hardwork = shit
These days peoples are copying sources from github and make their new coin by changing name and icons.

Those coins deserve to die.

[The 4ner]

Agreed. Bitcoin and Litecoin are the strongest of crypto coins thus far.

[darkmule]

Metoocoins are increasingly annoying.  Few of them have any likelihood of ever amounting to anything, and to the extent they don't add anything new, aren't even useful as experiments.  A new altcoin should have at least some new feature that gives it at least experimental value.

As it is, we're just getting Derpcoin, a new Herpcoin variant, that you use to. . .do what, I don't know.  Annoy people, apparently.

[testz]

Agreed. Bitcoin and Litecoin it's a only coins which will alive.

[seleme]

It's hyper-hyper inflation now. And lot of them just don't bring absolutely anything new on the table.

Good thing that those new ones who are just plain copycats are not really attracting any kind of interest now.. royalcoin, gamecoin, franko - are way, way more quite than ftc, cnc and yac for example... that will lead to them not being profitable to developers and people will stop making new ones when they see it, just like profitability of ftc and cnc led to new ones being created in masses.

[jackjack]

ITT: everybody says only the coins he owns deserves to exist

[adpinbr]

I'll keep this short and sweet. There are now so many alt-coins that it has become the same thing as hyperinflation. The value of alt-coins is trending towards zero. Great job guys! 

whats your opinion about LTC?

[acoindr]

Guys, countless Bitcoin spinoffs were seen waaaay ahead of time. You don't think they were?

What gives a coin value isn't simply announcing one and hoping people that want to get rich start valuing/pumping it. That doesn't work because there is nothing to stop that cycle recurring repeatedly.

Instead, a coin has to have something other coins can't easily emulate, something of real value. When it comes to money, what gives money value in the first place is that a large enough base of users accept it as such. That's why spinoffs can't kill Bitcoin without offering something super superior. Bitcoin already has one of the largest, if not the largest, base of users/merchants that accept it as valuable. Litecoin is second or nearest that. Novacoin offers proof-of-stake with proof-of-work, which is pretty novel, so I think that one might hang around too.

All of this happening now was completely predictable (just as Bitcoin's price rise was). We're now just watching things play out.

[baritus]

I have said the same for a while now. Too many coins lowers their value. It's like having 10 kinds of gold, it wouldn't be rare..

[defaced]

I have said the same for a while now. Too many coins lowers their value. It's like having 10 kinds of gold, it wouldn't be rare..

Gold, Silver, Platinum, Palladium, Copper, Nickle, Aluminum, etc etc. Different metals have different uses. If you dont have a use for it, then you dont have to mine it. What gives a coin value is supply and demand. You can increase a coins value by increasing its demand. Increase the demand by adding goods and services for the coin. I dont want Franko to be a pump and dump "scam" coin as so many of you have put it. I want Franko to be traded for goods and services, so that Is what im going to help try and create.

What I dont get is how so many people are so quick to judge something, but have nothing to show me that they can do better. :/

[GSnak]

The value of alt-coins is trending towards zero.

What's the issue? They're worth zero. LTC was .002 in February, you should be happy it no longer is.

[FuzzyBear]

I'll just leave this here.... http://www.youtube.com/watch?v=kyFyAqLtHq8

[r3animation]

I believe Feathercoin might have survived and done well if Chinacoin, Bitbar, etc, didn't come out.

[justabitoftime]

I believe Feathercoin might have survived and done well if Chinacoin, Bitbar, etc, didn't come out.

Feel free to visit the forums. Just because we're not fontas's pump/dump toy doesn't mean we're not pushing forward.  A few solid announcements coming soon.

[FuzzyBear]

I believe Feathercoin might have survived and done well if Chinacoin, Bitbar, etc, didn't come out.

Feel free to visit the forums. Just because we're not fontas's pump/dump toy doesn't mean we're not pushing forward.  A few solid announcements coming soon.

no disrespect but this for me is the current soundtrack to feathercoin http://www.youtube.com/watch?v=5-MT5zeY6CU

[r3animation]

I believe Feathercoin might have survived and done well if Chinacoin, Bitbar, etc, didn't come out.

Feel free to visit the forums. Just because we're not fontas's pump/dump toy doesn't mean we're not pushing forward.  A few solid announcements coming soon.

Don't get me wrong, I hope Feathercoin succeeds (I still have a few) but it would have been so much better if Chinacoin didn't come out when it did.

[erk]

The problem with the flood of alt coins is not the people that are making them for a quick pump and dump, it's the stoopid exchanges that are accepting them. Buy endorsing a coin that is only going to go downwards, you create people that are either scared off or bored with alt coins, either way you loose business, exchanges need coins that slowly rise in value to attract more investors and transactions. Imagine if the stock market worked the same way as the alt coin exchanges and there was no due diligence for an IPO, nobody would buy shares!

[nameface]

The problem with the flood of alt coins is not the people that are making them for a quick pump and dump, it's the stoopid exchanges that are accepting them. Buy endorsing a coin that is only going to go downwards, you create people that are either scared off or bored with alt coins, either way you loose business, exchanges need coins that slowly rise in value to attract more investors and transactions. Imagine if the stock market worked the same way as the alt coin exchanges and there was no due diligence for an IPO, nobody would buy shares!

Pretty soon the BTC-E pairs list will look like a giant chessboard with zeros allover it.

[evershawn]

I believe Feathercoin might have survived and done well if Chinacoin, Bitbar, etc, didn't come out.

Feel free to visit the forums. Just because we're not fontas's pump/dump toy doesn't mean we're not pushing forward.  A few solid announcements coming soon.

+1 - Everyone likes to be a nay sayer with out any real economical insight or internal knowledge. Pay it no mind. I'm sure most of them have ulterior motives for the way they're trying to sway the community and make people think. Judge for yourself people.

Looking forward to the announcements.

[bitrain]

 There are still several interesting specific concepts to realise and proove with time (Gcoin, CHIPS, ARM), but as for now - everybody understand that only BTC, LTC and YAC are reasonable 'cause they use different mining protocols. PPC and NVC are promosing, but an average user don't see any advantages in them. Even NMC and DEV are not really necessary.

[jubalix]

I'll keep this short and sweet. There are now so many alt-coins that it has become the same thing as hyperinflation. The value of alt-coins is trending towards zero. Great job guys! 

soooo, now's the time to buy alts!!!!

what's happening though,inmho, alts FTC/CNC are a btc siphon, which have depressed BTC a little as early sellers may cash out their BTC's

[jubalix]

The problem with the flood of alt coins is not the people that are making them for a quick pump and dump, it's the stoopid exchanges that are accepting them. Buy endorsing a coin that is only going to go downwards, you create people that are either scared off or bored with alt coins, either way you loose business, exchanges need coins that slowly rise in value to attract more investors and transactions. Imagine if the stock market worked the same way as the alt coin exchanges and there was no due diligence for an IPO, nobody would buy shares!

Pretty soon the BTC-E pairs list will look like a giant chessboard with zeros allover it.

they can also de-list

[erk]

I'll keep this short and sweet. There are now so many alt-coins that it has become the same thing as hyperinflation. The value of alt-coins is trending towards zero. Great job guys! 

soooo, now's the time to buy alts!!!!

what's happening though,inmho, alts FTC/CNC are a btc siphon, which have depressed BTC a little as early sellers may cash out their BTC's

There is no such thing as a BTC siphon, the BTC simply changes hands, it's not siphoned out of the system.

[uMMcQxCWELNzkt]

I have been working on my own coin but I cannot find any developers to work on some of the more technical areas so it is likely I wont release it. I guess that is a good thing? 

[0150r]

I have been working on my own coin but I cannot find any developers to work on some of the more technical areas so it is likely I wont release it. I guess that is a good thing? 

Look through the code, rename everything that says "litecoin" to "myscamcoin", put a new icon, put block target and difficulty super low, premine the heck out of it, and get made fun of...that's all it takes

[0150r]

I believe Feathercoin might have survived and done well if Chinacoin, Bitbar, etc, didn't come out.

If something can only thrive in the absence of competition, then how good could it really be?

[The 4ner]

The problem with the flood of alt coins is not the people that are making them for a quick pump and dump, it's the stoopid exchanges that are accepting them. Buy endorsing a coin that is only going to go downwards, you create people that are either scared off or bored with alt coins, either way you loose business, exchanges need coins that slowly rise in value to attract more investors and transactions. Imagine if the stock market worked the same way as the alt coin exchanges and there was no due diligence for an IPO, nobody would buy shares!

Let those exchanges accept all the alt coin they want. They'll lose credibility and soon crumble.

[jubalix]

The problem with the flood of alt coins is not the people that are making them for a quick pump and dump, it's the stoopid exchanges that are accepting them. Buy endorsing a coin that is only going to go downwards, you create people that are either scared off or bored with alt coins, either way you loose business, exchanges need coins that slowly rise in value to attract more investors and transactions. Imagine if the stock market worked the same way as the alt coin exchanges and there was no due diligence for an IPO, nobody would buy shares!

Let those exchanges accept all the alt coin they want. They'll lose credibility and soon crumble.

why???

they are providing a service, no one forces anyone to buy and they make money off the trades...

[TraderTimm]

Unless your alt-coin offers something truly innovative, it won't succeed. Look at the current hashing power commanded by the Bitcoin network. That is your target, and it will take a lot of effort to get even close.

It should be a somber reminder that the closest alt-coin with an actual purpose, namecoin, didn't succeed even though it looked like a good way to decentralize DNS. (And perhaps it may be someday, if DNS gets co-opted by evil forces.)

So if they can't even get some starting momentum, what chance does your "twiddle-a-few-settings-and-push-it-out-the-door" alt-coin have?

Oh, and not to mention the self-defeating process of divided attention as everyone and their scamming brother tries to push out their particular alt-coin-of-the-week.

It's a bit comical, really.

[justabitoftime]

Unless your alt-coin offers something truly innovative, it won't succeed.
It's a bit comical, really.

That's interesting considering the number of first person shooters that ripped off Quake for years now. I was involved in creating one of the original add-on packs and THOSE ideas have been redefined for years. The only comedy is when very tight knit communities believe their narrow view of a technology is the same as the general public.  There's been quite a few games (like ROTT) that really broke away from the mold and still didn't reach it's potential on sales.

Visa, Mastercard, American Express... what's the difference? Ask the nerds, the rest of the public are too busy using the product to care.

I respect your opinion, I just think this bubble needs to step outside and see what really matters to people.  For now, the crypto community controls the price on everything but Bitcoin... hopefully that will change when some break through like Bitcoin.

[LOG123]

I believe Feathercoin might have survived and done well if Chinacoin, Bitbar, etc, didn't come out.

Feel free to visit the forums. Just because we're not fontas's pump/dump toy doesn't mean we're not pushing forward.  A few solid announcements coming soon.

fountass is kill

[TraderTimm]

My "pay attention" threshold is about ~25% of Bitcoin current network hashpower.

So if you can get anywhere near 22.5 Terahash/sec, I'll take you seriously. Otherwise, its just like a penny stock languishing in the trading range of 0.00 to 1.00.

[MoonShadow]

Agreed. Bitcoin and Litecoin are the strongest of crypto coins thus far.

Litecoin doesn't offer anything novel either, IMHO.  A shorter interval will permit greater transaction throughput on the low end, but still fails the promise of 'near instant' transaction confirmations.  In the long run, cutting the interval to one fifth of Bitcoin's will ultimately run up against network propogation delay times, resulting in exponentially increasing rates of orphaned blocks.  Using a GPU resiliant POW function (scrypt) is only a temporary restriction, since it's main limiting factor is deliberately high memory usage, and cache memory available to GPUs will continue to increase.  And ASICs can still be developed with sufficient cache memory to crush CPUs, which would happen as soon as the value of LTC were to increase enough to justify the initial research investment.  In the meantime, the huge memory requirements make an android smartphone version of LTC almost as difficult as a GPU miner.

And if I happen to be wrong about the value of Scrypt as a POW algo, Bitcoin could simply take that idea if LTC were to ever start claiming significant amounts of the market share.

[TraderTimm]

Agreed. Bitcoin and Litecoin are the strongest of crypto coins thus far.

Litecoin doesn't offer anything novel either, IMHO.  A shorter interval will permit greater transaction throughput on the low end, but still fails the promise of 'near instant' transaction confirmations.  In the long run, cutting the interval to one fifth of Bitcoin's will ultimately run up against network propogation delay times, resulting in exponentially increasing rates of orphaned blocks.  Using a GPU resiliant POW function (scrypt) is only a temporary restriction, since it's main limiting factor is deliberately high memory usage, and cache memory available to GPUs will continue to increase.  And ASICs can still be developed with sufficient cache memory to crush CPUs, which would happen as soon as the value of LTC were to increase enough to justify the initial research investment.  In the meantime, the huge memory requirements make an android smartphone version of LTC almost as difficult as a GPU miner.

And if I happen to be wrong about the value of Scrypt as a POW algo, Bitcoin could simply take that idea if LTC were to ever start claiming significant amounts of the market share.

Excellent point -- if one of the alt-coins comes up with an interesting idea that starts to prove out, the main Bitcoin client can fork with that added to it - and in the process decimate any desire for the alt-coin. The process would be similar to larger companies buying out smaller ones, except in this instance the idea is merely co-opted at zero cost.

[KrLos]

Well ithink you forget NMC.. xD

It's a good coin, nice technology, and just 10 millions, and each time a domain is created well, 0.01 is destroyed.. so... i think this coin maybe will have great value...

maybe i'm wrong xD

[MoonShadow]

Well ithink you forget NMC.. xD

It's a good coin, nice technology, and just 10 millions, and each time a domain is created well, 0.01 is destroyed.. so... i think this coin maybe will have great value...

maybe i'm wrong xD

Namecoin is a differnet animal.  It attempts to deliberately serve a niche market (domain name services) in a novel way, and does not attempt to compete with Bitcoin as a general medium of exchange.  All the others are trying to compete with Bitcoin in it's own world.

[erk]

Alt coins are getting like those late night infomercials you see on TV peddling instant beauty/fitness and other snake oil.
 

[MoonShadow]

Alt coins are getting like those late night infomercials you see on TV peddling instant beauty/fitness and other snake oil.
 

ShamWowCoin!

[Walter Rothbard]

I'll keep this short and sweet. There are now so many alt-coins that it has become the same thing as hyperinflation. The value of alt-coins is trending towards zero. Great job guys! 

I still intend to launch ThirdCoin, around 2016-11-11T03:57:33Z (estimated time of the next Bitcoin halving).  Thirdcoin will have a testnet, which I should probably launch earlier.

In the meantime, I still like Bytecoin, Terracoin, and BBQcoin.  I'll probably be happy to facilitate trades in lots of different coins, but that's a lot of blockchains to maintain.

[jackjack]

I'll keep this short and sweet. There are now so many alt-coins that it has become the same thing as hyperinflation. The value of alt-coins is trending towards zero. Great job guys! 

I still intend to launch ThirdCoin, around 2016-11-11T03:57:33Z (estimated time of the next Bitcoin halving).  Thirdcoin will have a testnet, which I should probably launch earlier.

When I see the improvements from FirstCoin to SecondCoin. I literally can't wait for ThirdCoin.

[darkmule]

Moar like TurdCoin amirite?

[Thracky]

The thing that makes me laugh is that some of these alt coins are literally turning into circlejerking cults where the leaders make large profits and the idiots that follow them will eventually lose.

Mincoin is a prime example of this. An unheard of developer (which is obviously an alias for someone else) releases a coin by way of proxy (SuperTramp) Over the first 8 hours (which was supposed to be 3 days) 9.36% of all the coins that will ever exist were mined.  How long will it take for the next 936000 coins to be mined?  325 days given the block target of 1 minute and 2880 coins mined per day. Seems a tad lopsided.

What happened after that?  A new exchange shows up to support it, the owner of that exchange starts giving away money to people who spam about Mincoin in various places, and now gives away 10 MNC for simply making a trade on said exchange, encouraging pointless trading, and we now have a solid collection of ridiculous people who seem to want the same kind of gratification and sense of belonging that a cult provides. zacho56 runs a silly blog (and apparently has a drug problem, and uses the same nickname everywhere on the internet), tyler of altclub profits from prostitution, vipah, who obviously holds a lot of mincoin, will go ape shit on anyone who wants to discuss the facts about how ridiculous the early mining bonuses were.  You can clearly see people who hold leadership roles and people who can't see what's going on, or don't care because they feel part of something.

People are being scammed into throwing more of their money into this coin, not realizing that the only reason it's going up is because hardly anyone is mining it (and even if they were, the amounts are irrelevant compared to the early adopters) and their tiny little community keeps putting more money into the system of maybe 4-500 users (blatant guesstimate, I have no data to back that up ;-)

whew. had to get that out.

[efx]

^ I've noticed those names too. They behave exactly as you said.

Wanna know something even more enlightening? The guy running the exchange is none other than the well known scammer 'RealSolid'. He abused his control over the centralized solidcoin (suddenly reduce block rewards to under .1 SC per block 'thereby increasing the value of SC already in circulation), and also scammed his own delusional little followers out of 250 BTC so he could release microscam. Of course, he's nearly as late as BFL.


These people have but one objective: helping themselves to the money of anyone who is foolish enough to follow.

[Thracky]

^ I've noticed those names too. They behave exactly as you said.

Wanna know something even more enlightening? The guy running the exchange is none other than the well known scammer 'RealSolid'. He abused his control over the centralized solidcoin (suddenly reduce block rewards to under .1 SC per block 'thereby increasing the value of SC already in circulation), and also scammed his own delusional little followers out of 250 BTC so he could release microscam. Of course, he's nearly as late as BFL.


These people have but one objective: helping themselves to the money of anyone who is foolish enough to follow.

I am fully aware of the owner, I refrained from mentioning it because I didn't want this to turn into a RS hate thread.  I used to have respect for him, I was an early adopter/supporter of solidcoin, and I'm now just realizing I was just another person he sucked in to his little games.

Also, I have this sinking feeling that SandyCohen (mincoin dev) is actually him.  Why else would he just show up again and make an exchange for it?

[markm]

There was some thread not long ago that seemed to imply the MicroCrash scam might be starting up again too.

To do with that same exchange also, advising to move your solidcoins there ready to trade them in for MicroCrash coins.

-MarkM-

[Thracky]

There was some thread not long ago that seemed to imply the MicroCrash scam might be starting up again too.

To do with that same exchange also, advising to move your solidcoins there ready to trade them in for MicroCrash coins.

-MarkM-

I just dumped the last of my solidcoins there, I'm done with his crap.

[efx]

Ah I gotcha, many smart people have been pulled into his games. On balance, he wasn't entirely wrong or without good ideas, just not trustworthy. Unfortunately someone has to take the loss for everyone (I wish) else to learn .

To do with that same exchange also, advising to move your solidcoins there ready to trade them in for MicroCrash coins.

On the nose, RS has instructed people to do just that. Apparently, MNC is just there for 'testing purposes' in preparation for microscam. '1/1 sc/mc' seems to be the exchange plan...That's gonna be an awesome premine.

[Thracky]

On the nose, RS has instructed people to do just that. Apparently, MNC is just there for 'testing purposes' in preparation for microscam. '1/1 sc/mc' seems to be the exchange plan...That's gonna be an awesome premine.

There's no mining at all for microcash actually, it'll be some random investment thing where you invest your coins for 10 rounds in which there's a 50/50 chance it could increase or decrease each round.

I agree that he's had some good ideas, but he's just so goddamn manipulative, I can't trust a thing he says as being fact.

[efx]

Interesting. However, wouldn't the SC already in existence be equivalent to an 'mc premine'? Except with this model, all you have is a 'premine' and then a chance to gamble on what amounts to a coin toss...

Perhaps I am mistaken. If not...Damn, that sounds really bad.

[Thracky]

Interesting. However, wouldn't the SC already in existence be equivalent to an 'mc premine'? Except with this model, all you have is a 'premine' and then a chance to gamble on what amounts to a coin toss...

Perhaps I am mistaken. If not...Damn, that sounds really bad.

That's exactly what it is.

[digitalindustry]

Unless your alt-coin offers something truly innovative, it won't succeed.
It's a bit comical, really.

That's interesting considering the number of first person shooters that ripped off Quake for years now. I was involved in creating one of the original add-on packs and THOSE ideas have been redefined for years. The only comedy is when very tight knit communities believe their narrow view of a technology is the same as the general public.  There's been quite a few games (like ROTT) that really broke away from the mold and still didn't reach it's potential on sales.

Visa, Mastercard, American Express... what's the difference? Ask the nerds, the rest of the public are too busy using the product to care.

I respect your opinion, I just think this bubble needs to step outside and see what really matters to people.  For now, the crypto community controls the price on everything but Bitcoin... hopefully that will change when some break through like Bitcoin.

++1

[MoonShadow]

Unless your alt-coin offers something truly innovative, it won't succeed.
It's a bit comical, really.

That's interesting considering the number of first person shooters that ripped off Quake for years now. I was involved in creating one of the original add-on packs and THOSE ideas have been redefined for years.

This is not a video game.  The value in quake knockofffs was original maps and cheaper access to the platform, but in the end it was still just entertainment.  People do and will take real money/value much more seriously.

[markm]

It is kind of amusing that we now have all these currencies and exchanges just like I wanted in my game, but without even a game to put them in, they are game enough all by themselves no one cares that there aren't game nations and races and species and so on behind the coins, just the bare forex-type game itself all by itself is quite game enough to attract lots of players!



-MarkM-

[justabitoftime]

Unless your alt-coin offers something truly innovative, it won't succeed.
It's a bit comical, really.

That's interesting considering the number of first person shooters that ripped off Quake for years now. I was involved in creating one of the original add-on packs and THOSE ideas have been redefined for years.

This is not a video game.  The value in quake knockofffs was original maps and cheaper access to the platform, but in the end it was still just entertainment.  People do and will take real money/value much more seriously.

"but in the end it was still just entertainment."

Incorrect, that market helped evolve a very competitive market for 'pro' gamers.  I only use the word pro in relation to profit.


"People do"

Have you seen how some of the kids speak around here? They certainly speak and act just like the early fps gaming forums and what I would suspect is still going on in a regular basis.


"and will"

In some segments (especially Bitcoin), I would agree.   If you don't think this is treated like some type of game by the majority of posters, you haven't read the [ANN] in alt crypto lately.

[The 4ner]

The problem with the flood of alt coins is not the people that are making them for a quick pump and dump, it's the stoopid exchanges that are accepting them. Buy endorsing a coin that is only going to go downwards, you create people that are either scared off or bored with alt coins, either way you loose business, exchanges need coins that slowly rise in value to attract more investors and transactions. Imagine if the stock market worked the same way as the alt coin exchanges and there was no due diligence for an IPO, nobody would buy shares!

Let those exchanges accept all the alt coin they want. They'll lose credibility and soon crumble.

why???

they are providing a service, no one forces anyone to buy and they make money off the trades...

Because in my opinion if they are allowing all alt coins to be traded on their sites then that truly does show that they're just in it for the money. ONly coins with true potential should be taken seriously all other pump and dump coins should be ignored they aren't that useful for anything other than hoarding and hopeful that they provide something of use that BTC or LTC can't.

[The 4ner]

I'll keep this short and sweet. There are now so many alt-coins that it has become the same thing as hyperinflation. The value of alt-coins is trending towards zero. Great job guys! 

I still intend to launch ThirdCoin, around 2016-11-11T03:57:33Z (estimated time of the next Bitcoin halving).  Thirdcoin will have a testnet, which I should probably launch earlier.

When I see the improvements from FirstCoin to SecondCoin. I literally can't wait for ThirdCoin.

LOL

[darkmule]

Because in my opinion if they are allowing all alt coins to be traded on their sites then that truly does show that they're just in it for the money. ONly coins with true potential should be taken seriously all other pump and dump coins should be ignored they aren't that useful for anything other than hoarding and hopeful that they provide something of use that BTC or LTC can't.

Seems to me it's for the market to decide what coins are worthy of attention.

[The 4ner]

The problem with the flood of alt coins is not the people that are making them for a quick pump and dump, it's the stoopid exchanges that are accepting them. Buy endorsing a coin that is only going to go downwards, you create people that are either scared off or bored with alt coins, either way you loose business, exchanges need coins that slowly rise in value to attract more investors and transactions. Imagine if the stock market worked the same way as the alt coin exchanges and there was no due diligence for an IPO, nobody would buy shares!

Let those exchanges accept all the alt coin they want. They'll lose credibility and soon crumble.

why???

they are providing a service, no one forces anyone to buy and they make money off the trades...

Because in my opinion if they are allowing all alt coins to be traded on their sites then that truly does show that they're just in it for the money. ONly coins with true potential should be taken seriously all other pump and dump coins should be ignored they aren't that useful for anything other than hoarding and hopeful that they provide something of use that BTC or LTC can't.

You mean there is something I can buy or whatever with LTC but I can't do it with BTC? If usefulness is the keyword, there is no need to deal with any other cryptocoin but BTC.
LTC hasn't moved even a bit from the path BTC traced for itself. The only thing LTC community did is copy some of the services BTC had covered already. Since it is so, it is highly
likely LTC will be replaced by some more advanced altcoin before BTC ends up replaced as well.

It is trolls following fontas and some other scammers plus "LTC on Gox soon" forever-echoing crap that make you and people like you think that LTC is something special. It is not.

If you think BTC, LTC or some other cryptocoin will be successful in the long run just because people already put time, money and effort in it you are wrong. General public does not
care about that.

I'm sure all crypto coins have their expiration date but it's pretty easy to tell what coins are just seriously made for the hell of it and which are innovative. For the time being however it's best that we improve the coins that are most mainstream and useful but in the end to each his own. I'm not calling all alt coins useless I'm just saying that many were poorly developed. The creator probably intended for them to be a pump and dump.

[digicoin]

Too many altcoins that look the same.  Yes, hyperinflation. And yes, altcoins are dead

[jlspartz]

At this rate a good new alt coin can't survive. I know I don't intend on reading through 10 new coin announcements a day to figure out their potential worth.

[mercSuey]

At this rate a good new alt coin can't survive. I know I don't intend on reading through 10 new coin announcements a day to figure out their potential worth.

Whatever would you do if you had to invest in the stock market...? 

[darkmule]

At this rate a good new alt coin can't survive.

No evidence to support that, as I haven't seen a new good alt coin fail to survive.

I think there is always a market for a good new anything.  But going to Github and changing some names and logos and recompiling and calling it a "new alt coin" is never going to create a good alt coin.

[Aditer]

Fortunately I sold my all altcoins for BTC (except ELC, but I've mined it solo, for fun) and BTC for $. I hope that BTC will by still something worth for next few months...

[digitalfog]

Alt Coins dead?  Not yet:

1.  Just wait for the next financial crisis.  (It will most likely come from another European nation.)
2.  A failed loving nanny state nation will declare another "bail-in".  (Depositors lose their funds to the banks.)
3.  People freak out again and look for alternatives.  (Crypto-coins being one alternative.)
4.  Bitcoin takes off. 
5.  Every financial blogger in the world will write another tranche of "alternative crypto-currencies" stories.
6.  A favored few alt coins take off.  (Most likely the coins *currently listed on bter, vircurex, btc-e.)
7.  Alt-coins blow-off when miners and those in the know cash out or convert to Bitcoin.
8.  Bitcoin operates at a new higher currency value. 
9.  Another 1000 posts and blogs titled:  "The End of Alt-Coins" appear.
10.  Dry.  Rinse.  Repeat.

[ondratra]

well i think the most probability to die has coins without services - i mean almost every new altcoin has ofc explorer, exchange and most of them have lottos - but does they add anything special? Anything that would drive people to buy the coin and spend it somewhere??

The altcoins "Hunger games" will be won by altcoins which will create innovative services or at least something unusual for new coins (like stocks, etc.)

[Kohloe]

Altcoins are crap. No one needs them and their benefits are tending to zero. Most of them don't even have any.

Altcoins just exist coz ppl like you and me are greedy. And other may be stupid. OFC the reason for existing does not matter as long as they are. But all altcoin markets will crash. If we are really lucky there will be one survivor of this rape.

The cpu minerd one? (YAC)
the fastest one? (worldcoin)
the fairest one? (elacoin)
..or a simple copy of btc?


If I knew I wouldn't tell you.

[shiv]

lol "let the coin mature before hitting exchanges"

= "let me mine for a while before hitting exchanges so I can sell it all then move on to the next altcoin"

[jlspartz]

At this rate a good new alt coin can't survive. I know I don't intend on reading through 10 new coin announcements a day to figure out their potential worth.

Whatever would you do if you had to invest in the stock market...? 

Lol, I've done day trading in the past (3 years straight while working full time) and made off well on it. Took too much time though. Stocks and coins aren't comparable to me. Stocks don't usually get announced and go belly up in the same week haha

[jomay]

Lol, I've done day trading in the past (3 years straight while working full time) and made off well on it. Took too much time though. Stocks and coins aren't comparable to me. Stocks don't usually get announced and go belly up in the same week haha

Facebook was close to it, though

[jomay]

I'll keep this short and sweet. There are now so many alt-coins that it has become the same thing as hyperinflation. The value of alt-coins is trending towards zero. Great job guys! 

Does anybody think this might be the plot of some BTC fanatics that want to hurt altcoins in general? Like some core dev of BTC releasing a few altcoins with a second forum id?

Most new coins were released by new forum members and I can only speculate these are secondary ids of people longer in the game.

[TraderTimm]

I'll keep this short and sweet. There are now so many alt-coins that it has become the same thing as hyperinflation. The value of alt-coins is trending towards zero. Great job guys! 

Does anybody think this might be the plot of some BTC fanatics that want to hurt altcoins in general? Like some core dev of BTC releasing a few altcoins with a second forum id?

Most new coins were released by new forum members and I can only speculate these are secondary ids of people longer in the game.

Never attribute to malice what can be explained by stupidity/greed.