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Author Topic: Why 1000 alternative coins?? learn from Linux project  (Read 1239 times)
maklei (OP)
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June 19, 2013, 03:25:01 PM
 #1

Hi,

Why every 5 minutes we see two new coins... We have to learn from Linux project ... 100 distribution but only one or two are working well...

So think before to develop a new shit coins... x coins, y coins.... to not said other name...

I think we have to support  max 5 coins and leave those stupid coins go away...


Thanks
bitcoinbear
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June 19, 2013, 03:50:26 PM
 #2

Hi,

Why every 5 minutes we see two new coins... We have to learn from Linux project ... 100 distribution but only one or two are working well...

So think before to develop a new shit coins... x coins, y coins.... to not said other name...

I think we have to support  max 5 coins and leave those stupid coins go away...


Thanks

Alright, lets pick a couple that are worth keeping:

Bitcoin (the original)
Namecoin (has utility as distributed DNS)
Litecoin (uses a different algorithm than bitcoins, there is some traction (places to actually use it))
Ripples (totally different algorithms, useful currently for using Ripple, but may be made obsolete if an XRP-less clone of Ripple can be made)

CryptoNote needs you! Join the elite merged mining forces right now here in Fantomcoin topic: https://bitcointalk.org/index.php?topic=598823.0
barwizi
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June 19, 2013, 04:03:25 PM
 #3

Hi,

Why every 5 minutes we see two new coins... We have to learn from Linux project ... 100 distribution but only one or two are working well...

So think before to develop a new shit coins... x coins, y coins.... to not said other name...

I think we have to support  max 5 coins and leave those stupid coins go away...


Thanks

Alright, lets pick a couple that are worth keeping:

Bitcoin (the original)
Namecoin (has utility as distributed DNS)
Litecoin (uses a different algorithm than bitcoins, there is some traction (places to actually use it))
Ripples (totally different algorithms, useful currently for using Ripple, but may be made obsolete if an XRP-less clone of Ripple can be made)

No let's keep Sexcoin, Porncoin, Hazardcoin, Snipercoin and Icecoin. Coins that have a future
mm8000
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June 19, 2013, 04:13:05 PM
 #4

Hi,

Why every 5 minutes we see two new coins... We have to learn from Linux project ... 100 distribution but only one or two are working well...

So think before to develop a new shit coins... x coins, y coins.... to not said other name...

I think we have to support  max 5 coins and leave those stupid coins go away...


Thanks

Alright, lets pick a couple that are worth keeping:

Bitcoin (the original)
Namecoin (has utility as distributed DNS)
Litecoin (uses a different algorithm than bitcoins, there is some traction (places to actually use it))
Ripples (totally different algorithms, useful currently for using Ripple, but may be made obsolete if an XRP-less clone of Ripple can be made)

No let's keep Sexcoin, Porncoin, Hazardcoin, Snipercoin and Icecoin. Coins that have a future

Don't forget VaginaCoin. It's future is wide open!
bitcoinbear
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June 19, 2013, 04:41:56 PM
 #5

Hi,

Why every 5 minutes we see two new coins... We have to learn from Linux project ... 100 distribution but only one or two are working well...

So think before to develop a new shit coins... x coins, y coins.... to not said other name...

I think we have to support  max 5 coins and leave those stupid coins go away...


Thanks

Alright, lets pick a couple that are worth keeping:

Bitcoin (the original)
Namecoin (has utility as distributed DNS)
Litecoin (uses a different algorithm than bitcoins, there is some traction (places to actually use it))
Ripples (totally different algorithms, useful currently for using Ripple, but may be made obsolete if an XRP-less clone of Ripple can be made)

No let's keep Sexcoin, Porncoin, Hazardcoin, Snipercoin and Icecoin. Coins that have a future

Don't forget VaginaCoin. It's future is wide open!

Lol - But after that it looks pretty rough.  Wink

CryptoNote needs you! Join the elite merged mining forces right now here in Fantomcoin topic: https://bitcointalk.org/index.php?topic=598823.0
Jakewell
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June 19, 2013, 04:48:26 PM
 #6

was to easy to modify some lines of the code and well paid
fran2k
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June 19, 2013, 05:00:53 PM
 #7

Hi,

Why every 5 minutes we see two new coins... We have to learn from Linux project ... 100 distribution but only one or two are working well...

So think before to develop a new shit coins... x coins, y coins.... to not said other name...

I think we have to support  max 5 coins and leave those stupid coins go away...


Thanks

There are by far more than 2 distros with excellent reputations and very different uses.
CryptoBullion
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June 19, 2013, 05:25:59 PM
 #8

being a coin collecter.... wait... back up... a REAL physical coin collector.... i know that there have been many real coins minted in the past, like the buffalo nickel for example. wasnt worth jack shit 100 years ago, so people tossed em out and did not preserve many. Now people are willing to pay 1000's for a single buffalo nickle.

my theory is that 100 years from now(or much sooner), people will grow up collecting different cryptocoins instead of collecting pennies like i started with as a kid (many other people share the childhood penny collector phase). When something is a collection, like a collection of different cryptos, people will go to the ends of the earth to complete their collections.

100 years from now, people will be collecting cryptos and say to themselves " i want the original cryptos that came out 100 years ago", the same exact way the buffalo nickle worked.... all these coins coming out now, are the original alt cryptos, mostly the same thing with different logos. soon there will be 1000x alt coins... and you will be wondering why you didnt hang on to the originals.

what do u guys think? does my logic make logic?

Fold Proteins, earn cryptos! CureCoin. https://bitcointalk.org/index.php?topic=268556.0
CryptoPCS.com Prepaid phone refills, post paid phone payments, and bill payments https://bitcointalk.org/index.php?topic=285148.0
eddyfitz
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June 19, 2013, 05:50:29 PM
 #9

being a coin collecter.... wait... back up... a REAL physical coin collector.... i know that there have been many real coins minted in the past, like the buffalo nickel for example. wasnt worth jack shit 100 years ago, so people tossed em out and did not preserve many. Now people are willing to pay 1000's for a single buffalo nickle.

my theory is that 100 years from now(or much sooner), people will grow up collecting different cryptocoins instead of collecting pennies like i started with as a kid (many other people share the childhood penny collector phase). When something is a collection, like a collection of different cryptos, people will go to the ends of the earth to complete their collections.

100 years from now, people will be collecting cryptos and say to themselves " i want the original cryptos that came out 100 years ago", the same exact way the buffalo nickle worked.... all these coins coming out now, are the original alt cryptos, mostly the same thing with different logos. soon there will be 1000x alt coins... and you will be wondering why you didnt hang on to the originals.

what do u guys think? does my logic make logic?

I guess no, since once quantum computer will be developed - all current cryptos will fall. since you can easily break sha256 / ripemd160 & EC key on quantum computer  Grin
Hydroponica
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fml


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June 19, 2013, 05:54:30 PM
 #10

being a coin collecter.... wait... back up... a REAL physical coin collector.... i know that there have been many real coins minted in the past, like the buffalo nickel for example. wasnt worth jack shit 100 years ago, so people tossed em out and did not preserve many. Now people are willing to pay 1000's for a single buffalo nickle.

my theory is that 100 years from now(or much sooner), people will grow up collecting different cryptocoins instead of collecting pennies like i started with as a kid (many other people share the childhood penny collector phase). When something is a collection, like a collection of different cryptos, people will go to the ends of the earth to complete their collections.

100 years from now, people will be collecting cryptos and say to themselves " i want the original cryptos that came out 100 years ago", the same exact way the buffalo nickle worked.... all these coins coming out now, are the original alt cryptos, mostly the same thing with different logos. soon there will be 1000x alt coins... and you will be wondering why you didnt hang on to the originals.

what do u guys think? does my logic make logic?

That's just stupid. Physical coins, are a physical object, that can be touched, held, collected. Some are rare, which gives them value. The fact that people threw them out, or abused them so many years ago, is what gives them their value. Its like hockey cards, and comic books. Back in the day, no one ever thought they'd have any value, so, they stuck them in the spokes of their bikes, or read them until the pages were tattered. The lucky few who stuck them away, just incase, cashed in. Now that people know these things build value, most collectors take very good care of their collectables. They will never be as rare, as the really old ones, they will never have the same value.

Crypto coins, are just 1's and 0's. They can't be lost, or misplaced. They can't be damaged or torn. Their supply, can never go down, they can never become rare. They will never be collectable.

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June 19, 2013, 05:59:47 PM
 #11

being a coin collecter.... wait... back up... a REAL physical coin collector.... i know that there have been many real coins minted in the past, like the buffalo nickel for example. wasnt worth jack shit 100 years ago, so people tossed em out and did not preserve many. Now people are willing to pay 1000's for a single buffalo nickle.

my theory is that 100 years from now(or much sooner), people will grow up collecting different cryptocoins instead of collecting pennies like i started with as a kid (many other people share the childhood penny collector phase). When something is a collection, like a collection of different cryptos, people will go to the ends of the earth to complete their collections.

100 years from now, people will be collecting cryptos and say to themselves " i want the original cryptos that came out 100 years ago", the same exact way the buffalo nickle worked.... all these coins coming out now, are the original alt cryptos, mostly the same thing with different logos. soon there will be 1000x alt coins... and you will be wondering why you didnt hang on to the originals.

what do u guys think? does my logic make logic?

That's just stupid. Physical coins, are a physical object, that can be touched, held, collected. Some are rare, which gives them value. The fact that people threw them out, or abused them so many years ago, is what gives them their value. Its like hockey cards, and comic books. Back in the day, no one ever thought they'd have any value, so, they stuck them in the spokes of their bikes, or read them until the pages were tattered. The lucky few who stuck them away, just incase, cashed in. Now that people know these things build value, most collectors take very good care of their collectables. They will never be as rare, as the really old ones, they will never have the same value.

Crypto coins, are just 1's and 0's. They can't be lost, or misplaced. They can't be damaged or torn. Their supply, can never go down, they can never become rare. They will never be collectable.

Well that's not really true- they can be lost (and do get lost), they can also be damaged, in the form of your keys getting destroyed and thus lost.

The real argument that would support your case better is that with real coins, if no one in the world has another one- you still have that coin. It's still something.

With crypto- if no one else in the world is running the software, if your software can't connect to any peers, then your coin doesn't really exist. It's just hashes, which on their own don't mean anything. It's the network that is important. Not the coin itself.

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DeathAndTaxes
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June 19, 2013, 06:00:16 PM
 #12

I guess no, since once quantum computer will be developed - all current cryptos will fall. since you can easily break sha256 / ripemd160 & EC key on quantum computer  Grin

Or not.  There is no known Quantum Algorithm for breaking symmetrical encryption or hashing algorithms.
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June 19, 2013, 06:04:59 PM
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I guess no, since once quantum computer will be developed - all current cryptos will fall. since you can easily break sha256 / ripemd160 & EC key on quantum computer  Grin

Or not.  There is no known Quantum Algorithm for breaking symmetrical encryption or hashing algorithms.

What about Grover's algorithm for simple bruteforce? when  symmetric key lengths are effectively halved.
Also, bruteforce on quantum computer due to it's nature will be much faster.
anderl
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June 19, 2013, 06:16:06 PM
 #14

being a coin collecter.... wait... back up... a REAL physical coin collector.... i know that there have been many real coins minted in the past, like the buffalo nickel for example. wasnt worth jack shit 100 years ago, so people tossed em out and did not preserve many. Now people are willing to pay 1000's for a single buffalo nickle.

my theory is that 100 years from now(or much sooner), people will grow up collecting different cryptocoins instead of collecting pennies like i started with as a kid (many other people share the childhood penny collector phase). When something is a collection, like a collection of different cryptos, people will go to the ends of the earth to complete their collections.

100 years from now, people will be collecting cryptos and say to themselves " i want the original cryptos that came out 100 years ago", the same exact way the buffalo nickle worked.... all these coins coming out now, are the original alt cryptos, mostly the same thing with different logos. soon there will be 1000x alt coins... and you will be wondering why you didnt hang on to the originals.

what do u guys think? does my logic make logic?

That's just stupid. Physical coins, are a physical object, that can be touched, held, collected. Some are rare, which gives them value. The fact that people threw them out, or abused them so many years ago, is what gives them their value. Its like hockey cards, and comic books. Back in the day, no one ever thought they'd have any value, so, they stuck them in the spokes of their bikes, or read them until the pages were tattered. The lucky few who stuck them away, just incase, cashed in. Now that people know these things build value, most collectors take very good care of their collectables. They will never be as rare, as the really old ones, they will never have the same value.

Crypto coins, are just 1's and 0's. They can't be lost, or misplaced. They can't be damaged or torn. Their supply, can never go down, they can never become rare. They will never be collectable.

My favorite game was Homeworld 2 for the PC.  I wanted a legitimate copy for nostalgia reasons, box, manual whole 9 yards.  I paid $100 to get it.  I still have fun playing that game.  Sure its a bunch of 1s and 0s but the right combination is the key.
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June 19, 2013, 06:19:36 PM
 #15

being a coin collecter.... wait... back up... a REAL physical coin collector.... i know that there have been many real coins minted in the past, like the buffalo nickel for example. wasnt worth jack shit 100 years ago, so people tossed em out and did not preserve many. Now people are willing to pay 1000's for a single buffalo nickle.

my theory is that 100 years from now(or much sooner), people will grow up collecting different cryptocoins instead of collecting pennies like i started with as a kid (many other people share the childhood penny collector phase). When something is a collection, like a collection of different cryptos, people will go to the ends of the earth to complete their collections.

100 years from now, people will be collecting cryptos and say to themselves " i want the original cryptos that came out 100 years ago", the same exact way the buffalo nickle worked.... all these coins coming out now, are the original alt cryptos, mostly the same thing with different logos. soon there will be 1000x alt coins... and you will be wondering why you didnt hang on to the originals.

what do u guys think? does my logic make logic?

That's just stupid. Physical coins, are a physical object, that can be touched, held, collected. Some are rare, which gives them value. The fact that people threw them out, or abused them so many years ago, is what gives them their value. Its like hockey cards, and comic books. Back in the day, no one ever thought they'd have any value, so, they stuck them in the spokes of their bikes, or read them until the pages were tattered. The lucky few who stuck them away, just incase, cashed in. Now that people know these things build value, most collectors take very good care of their collectables. They will never be as rare, as the really old ones, they will never have the same value.

Crypto coins, are just 1's and 0's. They can't be lost, or misplaced. They can't be damaged or torn. Their supply, can never go down, they can never become rare. They will never be collectable.

My favorite game was Homeworld 2 for the PC.  I wanted a legitimate copy for nostalgia reasons, box, manual whole 9 yards.  I paid $100 to get it.  I still have fun playing that game.  Sure its a bunch of 1s and 0s but the right combination is the key.

So it's more in "box, manual" then in bits... I guess in 100 years you will be able to get "legitimate" copy for free, just like with most games from the 90's now.
Btw, I enjoy Freelancer a bit more than homeworld Wink
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June 19, 2013, 06:25:44 PM
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My favorite game was Homeworld 2 for the PC.  I wanted a legitimate copy for nostalgia reasons, box, manual whole 9 yards.  I paid $100 to get it.  I still have fun playing that game.  Sure its a bunch of 1s and 0s but the right combination is the key.

So it's more in "box, manual" then in bits... I guess in 100 years you will be able to get "legitimate" copy for free, just like with most games from the 90's now.
Btw, I enjoy Freelancer a bit more than homeworld Wink

It is about the content, the history, memories.  I couldn't predicate that I would want to get a copy at this age but I end up doing it.  Most people just trashed the box, deleted the game when they beat it.  I guess the same can be said for cryptocurrencies.  One day there will be a few dominate ones that will be used across the world and people will look back and wonder what happened to the old ones.  Sure they might run them on emulators but they won't be the originals.  To have an original coin from the first set of cryptos...  Will be interesting to see if a nostalgia market surfaces.

Oh man if you can get my a copy of freelancer.  That just had a great feel to it.  Something about the proximity of the planet and flying through the jump gates.  But I'm big into RTS games.  I had to get Homeworld.
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June 19, 2013, 06:30:57 PM
 #17

We need a sub forum just for people to bitch about alt coins.
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June 19, 2013, 06:43:23 PM
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We need a sub forum just for people to bitch about alt coins.

and about Freelancer vs Homeworld Grin
bitcoinbear
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June 19, 2013, 07:01:49 PM
 #19

We need a sub forum just for people to bitch about alt coins.

We have one of those, it is called "Alternate Cryptocurrencies"

CryptoNote needs you! Join the elite merged mining forces right now here in Fantomcoin topic: https://bitcointalk.org/index.php?topic=598823.0
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June 19, 2013, 07:24:54 PM
 #20

Hi,

Why every 5 minutes we see two new coins... We have to learn from Linux project ... 100 distribution but only one or two are working well...

So think before to develop a new shit coins... x coins, y coins.... to not said other name...

I think we have to support  max 5 coins and leave those stupid coins go away...


Thanks

One word:  Innovation, Linux has done excellent in this regard.  All the distris draw on and help the community as a whole...   There is no difference in benefit to bitcoin.  Only greed would argue otherwise...
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