Why all those new coins are no threat at all!

[erk]

WDC - best growing community - with lots of the current community promoting and developing coin services - big things happening soon herer.. -FAST

DGC - very good deveoper support - community a bit smaller - although its slower coin production makes it a perfect coin for daytraders for big pump n dump operations -FAST

GLD - The rumours have plagued this coin -premined, trojans in wallets - forum shows some activity - But does'nt seem it is getting the level of development the above coins are getting..

PHX - Not sure on this one.. the currently designed casinos and things looks amazing - developer has some talent.  But I think a lack of being early on exchange means less people are likely to get invested in the coin, meaning slower community growth - coin could be a dark horse

other new coins = crash and burn -

MC2 - I think this coin could take off - new features - and time taken to develop it is always a good sign..


my 2c

If WDC or DGC end up on BTC-e they will do ok. The others don't have a chance without a redesign.

It seems any coin that can't make it onto BTC-e gets dumped very quickly, and even the alts on BTC-e go though bad cycles.

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[kodo]

They arent a threat, but they divert money from Bitcoin.

[GSnak]

At least FTC was smart enough to learn form their mistake of copying LTC.

And look how well that's doing. These alts don't have a chance, or a purpose.

[clint25n]

New altcoins are going to have a real challenge on their hands. The bar is being raised and altcoins will find it extremely difficult to make it to a decent exchange from here on out.

I see less and less attention being paid on an increasing number of new releases. Yesterday, big-time miners would mine everything new and dump or hold. Tomorrow, a lot of these same miners won't even bother to mine most new releases due to being burnt several times in a row. Altcoin evolution is at level 2.

[erk]

They arent a threat, but they divert money from Bitcoin.

No they don't, the alt coins generally don't get paid for with anything other than BTC which is not a diversion.

FYI


All Alt Coins will die when Microcash is released soon.

Get in while you can.

http://microcash.org

Solidcoin refurbished for a new pump and dump. How cute.
It's been what a year still waiting.

[worldinacoin]

I think one advantage of Alt coins are that they normally come up with some innovative ideas, for instance Beercoins, etc.  Litecoin was also derived from a need to go back to CPU mining.  Therefore they do not have a threat at all to Bitcoin but instead helps test out the ideas which may be able to be incorporated into Bitcoin later.  Other than the need for innovation, I feel that too many of alt coins will simply confuse the newbie users and also taking a bit of hashing power from Bitcoin.