Do we have too many alt coins?

[ezcoin]

The more the merrier I say.

Here's another one:

https://bitcointalk.org/index.php?topic=219308.0

[JohannSummers]

Re: original question... If yes, when was the critical tipping point from "not enough alt coins" to "just enough alt coins" to "too many alt coins?"

[myror]

Seems like there are a few too many at the moment.  YaCoin comes to mind.   Its hard to even trade them sometimes anymore, and the value is so low.. it is just unrealistic it seems like to use them for anything.

[newmars]

litecoin seems to be less profitable than bitcoin right now

[bitminerforyou]

I personally think that they're way to many alt coins out there and seems like new one's coming out everyday!

[jickMagger]

The number of alt-coins is a symptom of the speculative nature of bitcoin. I would argue that a large portion of the bitcoin/alt-coin community still views BTC as something that can be exchanged for currency, but not a currency itself. People are just trying to generate their own gold rushes.

[Dissonance]

let the free market decide how many is too many.

[izanCoin]

some of the altcoins have potential but many are just stupid pump and dump coins

[escrow.ms]

Actually yes too many coins... too many..

[Fuzzy]

let the free market decide how many is too many.

Exactamundo. It's ironic how on a forum about a revolutionary digital currency system that gives people options they never had before, people are now complaining that there are too many choices.

I'd rather have to many than none at all. May the best succeed, and the pump and dumpers crash/wither away.

Can I order popcorn with BTC?

[HarmonLi]

It's so easy to make one, does it make sense? But think about it, Bitcoin and Litecoin are the same thing.

They're not the same thing. They've got different PoW algorithms and different average block times. Litecoin is an experiment based on the experiment Bitcoin, with adjusted parameters. That's about it. But yeah, we do have too many altcoins. Just take a look at that sub-forum, it's madness there! Most coins are just a pump and dump anyways!

[melisande]

since i started using bitcoin i have no idea of what litecoin look like

[DjPxH]

since i started using bitcoin i have no idea of what litecoin look like

What it 'looks' like? Well, it looks like a Bitcoin, but it's silver, has an 'L' on it and is worth less. The block time is faster, but that doesn't matter anyways. Oh and it has a Scrypt PoW algorithm! (Doesn't matter, either!)

[bitsmichel]

It's so easy to make one, does it make sense? But think about it, Bitcoin and Litecoin are the same thing.

I think it's good, quick experiments with new technologies. Most of them will fail, and are used for pump and dump... so get some of these coins and trade them for btc 

[Wilhelm]

No we have to many shitty coins with no added value.

Coins that tried to add value are good for although many fail. Examples are
- QuarkCoin: CPU Only mining
- Litecoin: Different transaction times
- Dogecoin: Good marketing
- Namecoin: DNS protection
- etc.

Many coins are clones that are made for the premine and dump strategy.

[nicepumper]

Yes we do, it's simply too much, but can we do?

[nicepumper]

How many coins released daily?

[faiza1990]

Too many coins but sad thing no one can stop them every day we have coin

[newflesh]

There are way too many coins being made, can't really see a solution to the problem unless there was some sort of crypto-standard but then we run the risk of introducing regulations. 

[DjPxH]

There are way too many coins being made, can't really see a solution to the problem unless there was some sort of crypto-standard but then we run the risk of introducing regulations. 

Why would you do anything against it? It's effectively a self-regulating market no one forces you to use those coins. And also no one actually uses them. It is an experiment that has to be done, and after that we're over it. One thing that's actually good about altcoins is that we can try and implement new features and test them out. Maybe for future sidechains?