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Author Topic: Failed Coins - Don't Panic  (Read 1440 times)
jonoiv (OP)
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August 02, 2013, 12:44:15 PM
 #1

So you have been mining or have purchased some coins that will fail... Angry

Don't worry, keep your wallet.dat file.   And im sure there will be crypto collectors in 20 years time just looking to buy your wallet.dat file and revive the network with just a mobile phone.  The more crap the coin and the quicker it fails, the more it will be worth.  

Year 2033, your 10000 Twatcoins are now worth 100 BTC which is now worth $10,000,000   Cheesy


...  Maybe!  Wink

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August 02, 2013, 12:57:21 PM
 #2

Well that's rather.. optimistic.

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August 02, 2013, 12:59:13 PM
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Let's hope so..
jonoiv (OP)
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August 02, 2013, 01:00:38 PM
 #4

Well that's rather.. optimistic.

Yes, it was just a tad of an optimistic prediction.. Wink  however....

Im just making the point that if your coin flopps out, it's not the end of the world.  There is a ray of hope.

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August 02, 2013, 01:19:45 PM
 #5

Just look at BQC. Keep mining it quietly and gather lots of coins, then resurrect it, maybe release a new client version with checkpoints and stuff and get it on an exchange.  Cheesy

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August 02, 2013, 01:24:35 PM
 #6

Alongside BBQcoin people were also quietly CPU-mining Tenebrix and Fairbrix, they are getting closer to waking up again now as there seems to be at least one person using a GPU on them lately, when the GPUs came back to BBQcoin that was what got it woken back up... There still might be time to stock up on Tenebrix and Fairbrix before they hit the exchanges though...

-MarkM-

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August 02, 2013, 02:27:32 PM
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sometimes the less people mining  acoin, the better for you. It's always a risk, but if you're lucky.... Smiley
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August 02, 2013, 03:14:13 PM
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Alongside BBQcoin people were also quietly CPU-mining Tenebrix and Fairbrix, they are getting closer to waking up again now as there seems to be at least one person using a GPU on them lately, when the GPUs came back to BBQcoin that was what got it woken back up... There still might be time to stock up on Tenebrix and Fairbrix before they hit the exchanges though...

-MarkM-



Do either of these have a compiled windows QT for people to download?  If not I think it would be hard for them to gain traction again.
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August 02, 2013, 03:22:42 PM
 #9

So you have been mining or have purchased some coins that will fail... Angry

Don't worry, keep your wallet.dat file.   And im sure there will be crypto collectors in 20 years time just looking to buy your wallet.dat file and revive the network with just a mobile phone.  The more crap the coin and the quicker it fails, the more it will be worth.  

Year 2033, your 10000 Twatcoins are now worth 100 BTC which is now worth $10,000,000   Cheesy


...  Maybe!  Wink

Yes, but in 2033, $10,000,000 will only be worth $5,500,000.  Assuming an average 3% inflation.

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August 02, 2013, 03:59:22 PM
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Alongside BBQcoin people were also quietly CPU-mining Tenebrix and Fairbrix, they are getting closer to waking up again now as there seems to be at least one person using a GPU on them lately, when the GPUs came back to BBQcoin that was what got it woken back up... There still might be time to stock up on Tenebrix and Fairbrix before they hit the exchanges though...

-MarkM-



Do either of these have a compiled windows QT for people to download?  If not I think it would be hard for them to gain traction again.

Well one probably doesn't want them to gain traction until after one has mined a bunch of them, presumably? So lack of such binaries merely means there is a little more time yet in which to mine them before the masses arrive... Make binaries whenever you have enough that you will welcome the arrival of the masses...

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August 02, 2013, 04:16:10 PM
 #11

So you have been mining or have purchased some coins that will fail... Angry

Don't worry, keep your wallet.dat file.   And im sure there will be crypto collectors in 20 years time just looking to buy your wallet.dat file and revive the network with just a mobile phone.  The more crap the coin and the quicker it fails, the more it will be worth.  

Year 2033, your 10000 Twatcoins are now worth 100 BTC which is now worth $10,000,000   Cheesy


...  Maybe!  Wink

I will give you top dollar now for your twatcoins

This post sums up why all this bullshit is a scam
Read It. Hate It. Change the facts that it represents.
https://bitcointalk.org/index.php?topic=1606638.msg16139644#msg16139644
jonoiv (OP)
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August 02, 2013, 04:21:10 PM
 #12

I will pay you 10 twatcoins to clone twatcoins from doughnutcoins

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August 02, 2013, 04:30:42 PM
 #13

So you have been mining or have purchased some coins that will fail... Angry

Don't worry, keep your wallet.dat file.   And im sure there will be crypto collectors in 20 years time just looking to buy your wallet.dat file and revive the network with just a mobile phone.  The more crap the coin and the quicker it fails, the more it will be worth.  

Year 2033, your 10000 Twatcoins are now worth 100 BTC which is now worth $10,000,000   Cheesy


...  Maybe!  Wink

I love this kind of optimism Smiley
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August 02, 2013, 04:35:17 PM
 #14

So you have been mining or have purchased some coins that will fail... Angry

Don't worry, keep your wallet.dat file.   And im sure there will be crypto collectors in 20 years time just looking to buy your wallet.dat file and revive the network with just a mobile phone.  The more crap the coin and the quicker it fails, the more it will be worth.  

Year 2033, your 10000 Twatcoins are now worth 100 BTC which is now worth $10,000,000   Cheesy


...  Maybe!  Wink

Yeah... for this reason I keep in a bank security box my monopoly money.. perhaps... one day... I will be rich...  Grin
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August 02, 2013, 04:37:45 PM
 #15

This is an interesting idea.  Can't say that this will be true for most coins, since if you really knew what you were doing, you could fork and clone your own coin in 4-6 hours.  That's why there are so many of them.

Still, I think the coins that could be worth some money in 10-20 years are the ones that had some form of innovation but never took off.  Tenebrix, as mentioned, was a good example.

Wasn't tenebrix the first scrypt coin?  I certainly know it wasn't litecoin.

A Personal Quote on BTT from 2011:
"I'd be willing to make a moderate "investment" if the value of the BTC went below $2.00.  Otherwise I'll just have to live with my 5 BTC and be happy. :/"  ...sigh.  If only I knew.
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August 02, 2013, 05:29:17 PM
 #16

Alright, I'll give everyone the opportunity to get the jump on this...


1600 Weedcoin to the highest bidder!  You'll be filthy rich in no time!!!!

 Grin Grin Grin
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August 02, 2013, 06:32:51 PM
 #17

Not a tad optimistic, but really optimistic.. so where the early bitcoin adopters so who knows.

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August 04, 2013, 03:21:43 PM
 #18

Wasn't tenebrix the first scrypt coin?  I certainly know it wasn't litecoin.

Yes

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August 04, 2013, 05:55:53 PM
 #19

Is good to look beyond your time, crypto is now an heritage, include it in your WILL and transfer it to your children Grin

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August 04, 2013, 07:57:13 PM
 #20

So you have been mining or have purchased some coins that will fail... Angry

Don't worry, keep your wallet.dat file.   And im sure there will be crypto collectors in 20 years time just looking to buy your wallet.dat file and revive the network with just a mobile phone.  The more crap the coin and the quicker it fails, the more it will be worth.  

Year 2033, your 10000 Twatcoins are now worth 100 BTC which is now worth $10,000,000   Cheesy


...  Maybe!  Wink


Only problem is that by 2033, there will be a few billion failed coins at this rate. There will always be new poop.
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