STOP making alternative cryptocrapcurrencies

[Praxis]

OP, because of this post, no new alt-currencies will be created.
You single-handedly halted the proliferation.
Congratulations!

[greyhawk]

I love lamp

lampcoin. Excellent. You could build little physical coins with LEDs in them.

[greyhawk]

OP, because of this post, no new alt-currencies will be created.
You single-handedly halted the proliferation.
Congratulations!

HeroCoin incoming.

[markm]

I personally think that we need two currencies. Bitcoin for big transactions such as selling shares and Litecoin for everyday use like buying dinner in a restaurant.

I think that we may need just ONE more coin. Some real-time coin, that could be validated in 10s. For paying in shops, restaurants and vending machines. 2.5min for one confirmation on average is too much.
Or as an alternative a debit card, that would be instant [bank account for BTC], and you just deposit every day/week/month whatever amount you need for a day.
But we don't need another pump&dump non-innovative crap like FTC, CNC or RYC.

The internet cannot really handle 10 second global consensus creation.

(By blockchain system; Ripple is trying to achieve it but using a different consensus method.)

GeistGeld's 15 second blocks are probably about the fastest that could work, and even they might turn out to be too fast.

For "instant" stuff you can simply use "green addresses" in bitcoin, or off-chain transaction systems.

Green addresses actually seem to be a pretty simple and effective solution.

-MarkM-

[thesnoo23]

Sigh. You guys don't get it. You're acting like the governments and the central banks. The POINT of this whole exercise, the purpose for which bitcoins and litecoins and novacoins and feathercoins and chinacoins were CREATED was to PREVENT currency from being controlled by a central, or even a decentralized authority. There IS no governing authority, including all the butthurt BTC holders who rag on every new coin that comes up. You have a lot of BTC? Congratulations.

YOU'RE NOT SPECIAL.

You don't have some special right or authority or wisdom that makes you the arbiter of what crypto currencies should exist and which should not.

[Wolf Rainer]

Sigh. You guys don't get it. You're acting like the governments and the central banks. The POINT of this whole exercise, the purpose for which bitcoins and litecoins and novacoins and feathercoins and chinacoins were CREATED was to PREVENT currency from being controlled by a central, or even a decentralized authority. There IS no governing authority, including all the butthurt BTC holders who rag on every new coin that comes up. You have a lot of BTC? Congratulations.

YOU'RE NOT SPECIAL.

You don't have some special right or authority or wisdom that makes you the arbiter of what crypto currencies should exist and which should not.

I have not BTC, is common sense. We are killing the BTC, and once that happens we're going to get the crypto currencies in the ass.

[greyhawk]

Sigh. You guys don't get it. You're acting like the governments and the central banks. The POINT of this whole exercise, the purpose for which bitcoins and litecoins and novacoins and feathercoins and chinacoins were CREATED was to PREVENT currency from being controlled by a central, or even a decentralized authority. There IS no governing authority, including all the butthurt BTC holders who rag on every new coin that comes up. You have a lot of BTC? Congratulations.

YOU'RE NOT SPECIAL.

You don't have some special right or authority or wisdom that makes you the arbiter of what crypto currencies should exist and which should not.

I have not BTC, is common sense. We are killing the BTC, and once that happens we're going to get the crypto currencies in the ass.

Hmmmm, AssCoins. 

[Teka]

Sigh. You guys don't get it. You're acting like the governments and the central banks. The POINT of this whole exercise, the purpose for which bitcoins and litecoins and novacoins and feathercoins and chinacoins were CREATED was to PREVENT currency from being controlled by a central, or even a decentralized authority. There IS no governing authority, including all the butthurt BTC holders who rag on every new coin that comes up. You have a lot of BTC? Congratulations.

YOU'RE NOT SPECIAL.

You don't have some special right or authority or wisdom that makes you the arbiter of what crypto currencies should exist and which should not.

The problem with having a hundred different coins is that from a "Marketing" perspective its just way to confusing for new users and the mainstream market. One coin for traders and one coin for the mass market is extremely easy to understand.

[Hydroponica]

If you mine it, they will come. Stop dedicating time to mining these garbage coins, and people will stop making them.

[glendall]

Can someone explain to me how crap coins are NOT taking money from BTC?  I don't understand that.

As an example, some dumb premine scam coin like MNC comes along, boom creates thousands of coins worth say hundreds of BTC when they are traded for BTC in the first week.

BTC is worth actual fiat. Crap coins are there-forth immediately worth actual fiat when they are generated in massive quantities out of thin air on the first day mining (or a pre-mine), and the scammers trade their intrinsically worthless crapcoin for BTC.

How do the crapcoins not leech BTC's fiat currency value in this process?

[thesnoo23]

Sigh. You guys don't get it. You're acting like the governments and the central banks. The POINT of this whole exercise, the purpose for which bitcoins and litecoins and novacoins and feathercoins and chinacoins were CREATED was to PREVENT currency from being controlled by a central, or even a decentralized authority. There IS no governing authority, including all the butthurt BTC holders who rag on every new coin that comes up. You have a lot of BTC? Congratulations.

YOU'RE NOT SPECIAL.

You don't have some special right or authority or wisdom that makes you the arbiter of what crypto currencies should exist and which should not.

The problem with having a hundred different coins  is that from a Marketing perspective its just way to confusing for new users and the mainstream market.

You don't have to market them all. Market the one(s) you like. These are seperate currencies. It's like US Dollars and Japanese Yen and German Marks and British Pounds etc etc. I don't do ANYTHING with German Marks, and their existence doesn't really affect the ease with which I use US Dollars.

Stop acting like every new coin is some kind of vicious attack on your favorite coin.

[mco65]

If you mine it, they will come. Stop dedicating time to mining these garbage coins, and people will stop making them.

AH, there's the Rub.

[dragony]

I am a fan of altcoins and let be clear here. Altcoins make Bitcoin more valuable. It is totally false to think the opposite. You have to first buy btc to buy some altcoins. If you buy bitcoin to trade it for altoin, it is almost certain you hold bitcoins too. Who would buy altcoins and don't have bitcoins.

And there are other advantages.. new concepts are tested at altcoins so the bitcoin itself could be more healthy. and I think BTC is the only currency which will last. even if many people think some other currency will replace it, i think it won't be replaced 

[greyhawk]

Sigh. You guys don't get it. You're acting like the governments and the central banks. The POINT of this whole exercise, the purpose for which bitcoins and litecoins and novacoins and feathercoins and chinacoins were CREATED was to PREVENT currency from being controlled by a central, or even a decentralized authority. There IS no governing authority, including all the butthurt BTC holders who rag on every new coin that comes up. You have a lot of BTC? Congratulations.

YOU'RE NOT SPECIAL.

You don't have some special right or authority or wisdom that makes you the arbiter of what crypto currencies should exist and which should not.

The problem with having a hundred different coins  is that from a Marketing perspective its just way to confusing for new users and the mainstream market.

You don't have to market them all. Market the one(s) you like. These are seperate currencies. It's like US Dollars and Japanese Yen and German Marks and British Pounds etc etc. I don't do ANYTHING with German Marks, and their existence doesn't really affect the ease with which I use US Dollars.

Stop acting like every new coin is some kind of vicious attack on your favorite coin.

It WOULD be kinda difficult seeing as the Mark doesn't exist anymore.

[thesnoo23]

BTC is worth actual fiat.

How do the crapcoins not leech BTC's fiat currency value in this process?

Actual Fiat.

Fiat Currency Value.


. . .


Seriously? I don't think you grasp the point of the cryptocurrency exercise.

[Teka]

Sigh. You guys don't get it. You're acting like the governments and the central banks. The POINT of this whole exercise, the purpose for which bitcoins and litecoins and novacoins and feathercoins and chinacoins were CREATED was to PREVENT currency from being controlled by a central, or even a decentralized authority. There IS no governing authority, including all the butthurt BTC holders who rag on every new coin that comes up. You have a lot of BTC? Congratulations.

YOU'RE NOT SPECIAL.

You don't have some special right or authority or wisdom that makes you the arbiter of what crypto currencies should exist and which should not.

The problem with having a hundred different coins  is that from a Marketing perspective its just way to confusing for new users and the mainstream market.

You don't have to market them all. Market the one(s) you like. These are seperate currencies. It's like US Dollars and Japanese Yen and German Marks and British Pounds etc etc. I don't do ANYTHING with German Marks, and their existence doesn't really affect the ease with which I use US Dollars.

Stop acting like every new coin is some kind of vicious attack on your favorite coin.

I'm not saying that other coins shouldn't exist but that we should concentrate on two or three currencies.

[Hydroponica]

I am a fan of altcoins and let be clear here. Altcoins make Bitcoin more valuable. It is totally false to think the opposite. You have to first buy btc to buy some altcoins. If you buy bitcoin to trade it for altoin, it is almost certain you hold bitcoins too. Who would buy altcoins and don't have bitcoins.

And there are other advantages.. new concepts are tested at altcoins so the bitcoin itself could be more healthy. and I think BTC is the only currency which will last. even if many people think some other currency will replace it, i think it won't be replaced 

LTC will last. Has to be a market for GPU mining as well as ASIC mining

[Quantum_Negatum]

Don't stop making alts until TacoCoin, imho.

[thesnoo23]

Sigh. You guys don't get it. You're acting like the governments and the central banks. The POINT of this whole exercise, the purpose for which bitcoins and litecoins and novacoins and feathercoins and chinacoins were CREATED was to PREVENT currency from being controlled by a central, or even a decentralized authority.

I'm not saying that other coins shouldn't exist but that we should concentrate on two or three currencies.

Seriously. Say anything you want, you're still not the crypto currency Auditor.

[saudibull]

Alts. do not affect BTC, they simply dont. Now, everyone focusing their energy on alts. could be used to better promote BTC sure. But its like this, do little league baseball teams and games ruin MLB games and dilute the market ? no, they dont, thats what this is, its just a smaller game for people to keep busy with while BTC is gaining more popularity...