STOP making so many different COINs!

[LittleD]

So many coins 
What to DOOOOOO 
Which coin's to invest IN
What do UUUUUUUUU think, should people STOP making different coins
BTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTC

[Kruncha]

People making different coins is good, people making the same coin with a different name is bad.

We want different coins, it makes more choice and helps innovation

K.

[almightyruler]

Innovation is not a search and replace "Litecoin"->"Shitcoin", changing a couple of things like block targets, and posting an ANN thread here.

[jdebunt]

Stop making useless topics cluttering the forum

[LittleD]

People making different coins is good, people making the same coin with a different name is bad.

We want different coins, it makes more choice and helps innovation

K.

Help me understand, why is it good to have different coins.
Are they ever going to have the same potential as BTC BTC

[pyromaniac]

No, we will never stop because:
1. Multiple currencies is a good for market
2. Some coins will survive, most will die almost immediately anyway. Strongest will  become more expensive.
So, what did you prefer: almost real forex-like market with multiple currencies, or ponzi SCAM scheme with one market (e.g. mtGox), one currency which is fully controlled by oligarch?

[LittleD]

Stop making useless topics cluttering the forum

Well what kinda topics dooooooooooo uuuuuuuuuuuuuuuu like   We should all conform to your way of thinking, the world would be a better place if we all had your brains   

[LittleD]

No, we will never stop because:
1. Multiple currencies is a good for market
2. Some coins will survive, most will die almost immediately anyway. Strongest will  become more expensive.
So, what did you prefer: almost real forex-like market with multiple currencies, or ponzi SCAM scheme with one market (e.g. mtGox), one currency which is fully controlled by oligarch?

Gooood info 
Thanks

[12gaFacelift]

dont stop making new coin....i make money 

     _O_/       /_O_/
   /  ))             []
       \\            //
       //            \\    dance on Dire Straits - Money for nothing

[kneim]

So many coins  
What to DOOOOOO  
Which coin's to invest IN
What do UUUUUUUUU think, should people STOP making different coins
BTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTC

The first coins mined are nearly for free, because of low difficulty. So every miner has nearly no cost in premining these coins. After a while they can be sold for good money to people that have lost the overview. So many of the new coins can be compared with penny stocks. The last one will loose it all.

[LittleD]

hmm-mm i see, makes centsssss   

[miffman]

many coins are good. gives variety and insight + several new innovations

[Snail2]

Yes, there are too much coins without any specific purpose (apart from pump and dump), but I think this is something like evolution. So, we will see which coins will be able to survive and evolve.

[jackjack]

What to DOOOOOO  

Do Goldcoin (GLD) of course!



Official Forum
GLDTalk™: http://www.gldtalk.org

..

Beware before investing into GLD
They recently lowered the money income by around 10: https://bitcointalk.org/index.php?topic=263459.msg2814633#msg2814633

[LittleD]

What to DOOOOOO  

Do Goldcoin (GLD) of course!



Official Forum
GLDTalk™: http://www.gldtalk.org

..

Beware before investing into GLD
They recently lowered the money income by around 10: https://bitcointalk.org/index.php?topic=263459.msg2814633#msg2814633

Beware ! Thanks for the link 

[Kruncha]

What to DOOOOOO  

Do Goldcoin (GLD) of course!



Official Forum
GLDTalk™: http://www.gldtalk.org

..

Beware before investing into GLD
They recently lowered the money income by around 10: https://bitcointalk.org/index.php?topic=263459.msg2814633#msg2814633

Beware ! Thanks for the link  

Why would you beware of us fixing the code?

The original design of the coin was to produce 100 million coins. After assuming development responsibilities, we found a bug in the code was causing "unlimited coin generation" and lowered the block reward to return the coin to it's original design. We didn't think the World needed another infinite coin.

What does your coin do that others don't?

Or is it just another copy/paste attempt to cash-in?

K.

[jackjack]

What to DOOOOOO 

Do Goldcoin (GLD) of course!



Official Forum
GLDTalk™: http://www.gldtalk.org

..

Beware before investing into GLD
They recently lowered the money income by around 10: https://bitcointalk.org/index.php?topic=263459.msg2814633#msg2814633

Beware ! Thanks for the link 

Why would you beware of us fixing the code?

The original design of the coin was to produce 100 million coins. After assuming development responsibilities, we found a bug in the code that was causing "unlimited coin generation" and lowered the block reward to return the coin to it's original total coin output.

We didn't think the World wanted (or needed) another infinite coin.

That's not the point
What worries people is that new comers will earn 10 times less GLD with the same hashpower
It also means that early adopters are fucking loaded

That's not bad nor good, it's just something people need to know before investing in GLD

[r3wt]

What to DOOOOOO  

Do Goldcoin (GLD) of course!



Official Forum
GLDTalk™: http://www.gldtalk.org

..

Beware before investing into GLD
They recently lowered the money income by around 10: https://bitcointalk.org/index.php?topic=263459.msg2814633#msg2814633

Beware ! Thanks for the link  

Why would you beware of us fixing the code?

The original design of the coin was to produce 100 million coins. After assuming development responsibilities, we found a bug in the code that was causing "unlimited coin generation" and lowered the block reward to return the coin to it's original total coin output.

We didn't think the World wanted (or needed) another infinite coin.

That's not the point
What worries people is that new comers will earn 10 times less GLD with the same hashpower
It also means that early adopters are fucking loaded

That's not bad nor good, it's just something people need to know before investing in GLD

the early comers aren't all loaded. most of us have cashed out and moved on to greener pastures( i had well over 100k GLD at one point ). only a few stuck around, like Microguy and Dayne, providing buy support and revamping the coin. I think hyoshi and Bitshire Hashaway have also been instrumental in this effort.  i for one commend them on their efforts to resurrect GLD whose original developer took the entire GLD community for a ride, pumping and dumping repeatedly on the heads of his loyal followers before leaving everyone with the bag finally. MG and Friends have invested so much in GLD, they deserve whatever profit they make in the long run. Yes they have tons of the coins, but its pretty clear they were in it for the long run. MG could have sold his coins for 10x what he paid for them at this point, and hasn't done so yet. they really believe in this coin and aren't in it for pumping and dumping.