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Author Topic: Do we have too many alt coins?  (Read 5952 times)
ace104
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August 16, 2014, 10:42:18 PM
 #101

Do we have too many alt coins? Of course we do, but that is not going to stop the greedy from preying on the community.
franckuestein
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August 16, 2014, 10:48:36 PM
 #102

I'm thinking about it and I've been some weeks without visiting any 'Announcements' topic Wink hahaha

Let's see if a great new coin appears.

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zen2
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August 16, 2014, 11:57:17 PM
 #103

have to much alt coins ...come more new coins  at future and better coins with new algo and .......
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August 17, 2014, 11:53:39 AM
 #104

have to much alt coins ...come more new coins  at future and better coins with new algo and .......

and.... ? haha

New algos have to implement new specs for the coin. I prefer to have a good project with Scrypt rather than another one with a poor new algo without development.

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dadugan
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August 17, 2014, 11:54:56 AM
 #105

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

The reason for massive sold off for altcoin this week.

As for bitcoin, it has network effect. Litecoin has nothing.
bitcoinminer007
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August 17, 2014, 02:16:15 PM
 #106

I don't think BTC and LTC are not same. There is a huge difference between BTC and LTC, specially on the price. I am trying to mine altcoin and making some profit.
MygodBTC
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August 17, 2014, 02:49:30 PM
 #107

Yes, I am new and I was confused by too many alt coins.
Lieji
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August 17, 2014, 03:55:41 PM
 #108

have to much alt coins ...come more new coins  at future and better coins with new algo and .......

and.... ? haha

New algos have to implement new specs for the coin. I prefer to have a good project with Scrypt rather than another one with a poor new algo without development.

Well said.
We have x11, and then people added two more algorithm to make x13, and then x15, and so on. To be honest I don't see any benefit to the whole cryptocurrencies community.

EDIT: After a google search, I just found that there are indeed x12, x14, x17 as well...


patrike
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August 17, 2014, 10:02:59 PM
 #109

and.... ? haha

New algos have to implement new specs for the coin. I prefer to have a good project with Scrypt rather than another one with a poor new algo without development.

Well said.
We have x11, and then people added two more algorithm to make x13, and then x15, and so on. To be honest I don't see any benefit to the whole cryptocurrencies community.

EDIT: After a google search, I just found that there are indeed x12, x14, x17 as well...

I think many coins pretend to be innovative by using the latest algorithm, no matter how little value it actually adds. X12-X17 adds no real value compared to X11 for example. Adding new algorithms all the time is just more work for those making mining software.

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anujjain
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August 17, 2014, 10:10:21 PM
 #110

Mostly altcoins made for just scam, they made promote sell their parts and disappear.
Again change the name and process start.
Bitsaurus
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August 17, 2014, 10:11:02 PM
 #111

Again just look at this http://mapofcoins.com/ and tell me that's not nonsense.  No single coin will be able to fulfill every market niche nor should it have to, but 3+ coin launches a day is ridiculous.
blumangroup
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August 17, 2014, 10:13:56 PM
 #112

Imagine being able to click "Show unread posts since last visit." without being bombarded with useless shitty altcoins. Just imagine that, wouldn't that make the forum much better? We have too many altcoins that bring absolutely nothing to the table.

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Sunderland
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August 18, 2014, 03:59:46 PM
 #113

too much shittycoins made only just to scam other.
and too much dumb guys who still believe invest on that shittycoins means they will rich someday

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Lieji
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August 18, 2014, 04:05:27 PM
 #114

Imagine being able to click "Show unread posts since last visit." without being bombarded with useless shitty altcoins. Just imagine that, wouldn't that make the forum much better? We have too many altcoins that bring absolutely nothing to the table.

If you want to achieve that, you can ignore the whole altcoin section on your profile.
https://bitcointalk.org/index.php?action=profile;sa=ignoreBoards

And they will be all gone. Smiley

mezmerizer9
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August 18, 2014, 11:32:26 PM
 #115

There are just TOO MANY alt coins, many of them are useless and killing bitcoin.


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INSTANTpr
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August 19, 2014, 01:02:02 AM
 #116

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waqas
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August 19, 2014, 01:41:34 PM
 #117

There are just TOO MANY alt coins, many of them are useless and killing bitcoin.
I don't think any one can kill Bitcoin because bitcoin has his own worth but still I am not in favor of these too much alt coins

zadiume
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August 19, 2014, 03:16:59 PM
 #118

Yes, most newbies are too confused with the ridiculous amounts of coins.
giveBTCpls
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August 19, 2014, 05:31:42 PM
 #119

99% of altcoins these days exists with the sole purpose in mind of their creators (and community) to bump and then extract BTC from the unsavy/speculators. Do not get fooled by false promises my friends.

Mobius7
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August 19, 2014, 06:39:19 PM
 #120

There are just TOO MANY alt coins, many of them are useless and killing bitcoin.

Yup there are way too many altcoins.
Yup most of them are useless and are simply instruments for pump and dump.
But nope, they are not going to kill bitcoin. Bitcoin has a big first-mover advantage and it won't be replaced that easily.

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