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.