-- Seriously wealth destroying phenomenon happening at accelerated rate! --

[markm]

Actually, being valuable seems to lower popularity, at least among the suckers who keep falling for each new scamcoin of the day.

Bitcoin is valuable, that is why they do not want it. They want something totally worthless because if it is worth nothing then any increase at all is infinity percent gain, and it is the percentage gain they want, not actual value per se.

The more worthless the coin the better, because the more it costs per coin right now the less likely they seem to think it is that it will increase in value by ten or a hundred times overnight.

-MarkM-

[digitalindustry]

Have no fear, the law of supply and demand is here.

I read someone predicting that people were going to lose their life savings? I hope individuals are not investing their life savings into alt coins. Not a good idea. The bottom line is "developers" are going to keep cranking our coins until it is no longer profitable to do so. Back in the early 90's the same thing was happening with search engines, it seemed like a new search engine was being cranked out each day. Eventually the market decided which search engines were valuable and the others fell by the waist side.

There is a temptation to blame the exchanges, but ultimately it will be the market that decides which coins succeed, which coins have value, and which ones are worthless.

+1

Micoguy sums it up here pretty simply I think.

and for all the confused people trying to blame Multipools - nope kids wrong again if , those people think the best game in town is BTC then they will use a Multipool - that's not the Mulit-pools fault .

What is wrong with people ?,  I have to say this problem where by they can't see the problem .

This is the same symptom of our overall sick society - where by unfortunately the populations , thinking ability seems impeded or damaged . 

that's not to say that I'm saying you are all retards , I'm just saying that in these areas , there seems to be problems.

[digitalindustry]

Actually, being valuable seems to lower popularity, at least among the suckers who keep falling for each new scamcoin of the day.

Bitcoin is valuable, that is why they do not want it. They want something totally worthless because if it is worth nothing then any increase at all is infinity percent gain, and it is the percentage gain they want, not actual value per se.

The more worthless the coin the better, because the more it costs per coin right now the less likely they seem to think it is that it will increase in value by ten or a hundred times overnight.

-MarkM-

fine , that's just day trading , happens all over the world. - no problem .

want to trade trade , want to invest , invest in something on a time scale .

if people can't get that right , they shouldn't really blame the exchange, i can personally tell you of fiat exchanges that are thieves , they steal money , they do it in complex way, this can't happen on a Crypto-exchange due to the blockchain , so these people complaining .......

[digitalindustry]

they offer nothing new. only new devs and new names. only very few of them offer new functions. CPU coins, even when they are as awesome as primecoin, almost cannot succeed due to botnets etc.

my best guess is that coins with at least moderate marketing and new functions/good devs (see anoncoin or megacoin) have a SHOT. that's it. a shot.

the bullion is doing excellent marketing stuff. that is another route to go.

90% of the coins here are just complete copycats that changed some parameters and image files in the client. you cannot really produce eternal value this way again and again and again and expect it to succeed in 100% of the cases. suckers can only invest so much money in tulips before they smell the bacon.

+1

[solracx]

If you are looking for a coin with real actual value, consider ZenithCoin (ZTC).

https://bitcointalk.org/index.php?topic=295724.0

We've acquired a terra hash miner (and may acquire more) to mine BTC that will be redistributed to holders of ZTC.

The coin has actual value beyond mere speculation.

[markm]

If you are looking for a coin with real actual value, consider ZenithCoin (ZTC).

https://bitcointalk.org/index.php?topic=295724.0

We've acquired a terra hash miner (and may acquire more) to mine BTC that will be redistributed to holders of ZTC.

The coin has actual value beyond mere speculation.

I see you are evading the actual thread about the coin, that presumably shows how much it was pre-mined and insta-mined, instead shifting focus to a bribery attempt, do such bribes actually serve to distract people from whatever dirty laundry might be hidden away in the actual launch thread of the coin?

Besides, value isn't attractive, it seems. If it were we'd see people running Open Transactions clients so they could get in on all the coins that skyrocketed far above bitcoin in value.

-MarkM-

[digitalindustry]

There you go see , straight from the horse mouth :

"The coin has actual value beyond mere speculation."

invest millions .

I mean that , guys invest millions, all your money, max your credit cards and quit your job.

I'm not being sarcastic.


**

Question humans have two lungs AND two kidneys right ?

[Vlad2Vlad]

I'm gonna add this to the OP.

A thought just occurred to me.  If Bitcoin does go to $500 or $1,000, the way I expect, it is very possible that 2 things will happen:

A) Alts will get killed, moving LTC to the top of the profitability spot thus making it the multi-pool dump favorite which would cause LTC to actually collapse and not go up like most expect.

B) With LTC becoming a dead whipping boy that will be the end of Scrypt - long live SHA!


We all know scrypt added no value, it was just a way for some dude to get some attention but couldn't.  That's right, LTC is a CrapCoin. SHA is the best and with SHA you can add a merge mined patch and miners don't need to spend ridiculous money on GPU's and hefty energy bills, given ASICS are getting so cheap now.

Bitcoin $1,000 will kill over 90% of alt coins and it will extinguish Scrypt and by extension, Scrypt Jane, and John and whatever else crap anyone comes up with.  

 I knew I should have launched my CrapCoin in SHA256.

[magnificat_mafia]

Have no fear, the law of supply and demand is here.

I read someone predicting that people were going to lose their life savings? I hope individuals are not investing their life savings into alt coins. Not a good idea. The bottom line is "developers" are going to keep cranking out coins until it is no longer profitable to do so. Back in the early 90's the same thing was happening with search engines, it seemed like a new search engine was being cranked out each day. Eventually the market decided which search engines were valuable and the others fell by the waist side.

There is a temptation to blame the exchanges, but ultimately it will be the market that decides which coins succeed, which coins have value, and which ones are worthless.

...says the shitcoin developer

[rumlazy]

I'm gonna add this to the OP.

A thought just occurred to me.  If Bitcoin does go to $500 or $1,000, the way I expect, it is very possible that 2 things will happen:

A) Alts will get killed, moving LTC to the top of the profitability spot thus making it the multi-pool dump favorite which would cause LTC to actually collapse and not go up like most expect.

B) With LTC becoming a dead whipping boy that will be the end of Scrypt - long live SHA!


We all know scrypt added no value, it was just a way for some dude to get some attention but couldn't.  SHA is the best and with SHA you can add a merge mined patch and miners don't need to spend ridiculous money on GPU's and hefty energy bills, given ASICS are getting so cheap now.

Bitcoin $1,000 will kill over 90% of alt coins and it will extinguish Scrypt.  

 I knew I should have launched my CrapCoin in SHA256.

If everyone switched to LTC mining not a whole lot would change.  The coin has real buy support, a very large % of the coin mined everyday already gets dumped.  There's enough people who truly believe in LTC at this point to support most of the daily mint getting dumped.  Any coin with 30+ gh/s on it for months is going to see a large amount dumped. Middlecoin/multipool are small fries in the LTC pool, not much changes when they switch to it.

It's wrong, innovation doesn't pay. Neocoin is an innovative coin with uniques features and much time spent and some copycat coins without real work are more valuable. It's why you won't find much real programmers with talent and skill who spend their time and their programming knowledge on this stuff. It's much profitable to spend time to create softwares and sell them with paypal or other payment methods.

The key to success to make a popular altcoin is an aggressive marketing, rare rewards and other scam scenarios, that's all.

Neocoin doesn't have any compelling innovative features that I'm aware of, and it also had multiple failed launches.  The horrible launch left a bad taste in a lot of peoples mouth.

[bholzer]

...

"What you have just said, is the most insanely idiotic thing I have ever heard. At no point in your rambling, incoherent response were you even close to anything that could be considered a rational thought. Everyone in this room is now dumber for having listened to it. I award you no points and may God have mercy on your soul."

Your reading comprehension is absolutely terrible and you have completely eluded me regarding your goal here. You have spent a lot of time making a fool of yourself...but even putting that aside what is your point? Hopefully English isn't your first language, in which case I apologize.

I have to get out of the altcoin game - too many people like this are around and I'm too old to argue on a message board with clueless morons that literally can't read -- it's a losing battle. Stupidity and irrationality "wins" this round - I give up.

[solracx]

If you are looking for a coin with real actual value, consider ZenithCoin (ZTC).

https://bitcointalk.org/index.php?topic=295724.0

We've acquired a terra hash miner (and may acquire more) to mine BTC that will be redistributed to holders of ZTC.

The coin has actual value beyond mere speculation.

I see you are evading the actual thread about the coin, that presumably shows how much it was pre-mined and insta-mined, instead shifting focus to a bribery attempt, do such bribes actually serve to distract people from whatever dirty laundry might be hidden away in the actual launch thread of the coin?

Besides, value isn't attractive, it seems. If it were we'd see people running Open Transactions clients so they could get in on all the coins that skyrocketed far above bitcoin in value.

-MarkM-

Please do you research before making accusations about pre-mining or insta-mining.  ZenithCoin has never been pre-mined or insta-mined.

[solracx]

Besides, value isn't attractive, it seems. If it were we'd see people running Open Transactions clients so they could get in on all the coins that skyrocketed far above bitcoin in value.

-MarkM-

We all know that the game is to create perceived value.  This is the game in every financial instrument that has been every created.  From stocks, mutual funds, ETFs, crypto-currencies etc.

I've never seen the value in many of the existing alt-coins otther than vehicles of speculation.

However if you do analyze all the created alt-coins, you see a common pattern:

(1) High block rate.
(2) Short time between block creation.
(3) Scrypt

There is a good reason why they are designed this way.

They are designed to accomodate mining equipment that is very rapidly becoming obsolete.

My prediction is there is going to be a burst of SHA256 coins simply because of all the obsolete 110nm and 50nm ASIC.

[digitalindustry]

...

"What you have just said, is the most insanely idiotic thing I have ever heard. At no point in your rambling, incoherent response were you even close to anything that could be considered a rational thought. Everyone in this room is now dumber for having listened to it. I award you no points and may God have mercy on your soul."

Your reading comprehension is absolutely terrible and you have completely eluded me regarding your goal here. You have spent a lot of time making a fool of yourself...but even putting that aside what is your point? Hopefully English isn't your first language, in which case I apologize.

I have to get out of the altcoin game - too many people like this are around and I'm too old to argue on a message board with clueless morons that literally can't read -- it's a losing battle. Stupidity and irrationality "wins" this round - I give up.

+1

yeah sorry about the English .

but i think you see now where you got it all wrong , yes?

[ASICSRUS]

because they are trading vehicles!

[Reaper3]

Yeaaj to Bitcoins!

[Neo8]

Neocoin doesn't have any compelling innovative features that I'm aware of, and it also had multiple failed launches.  The horrible launch left a bad taste in a lot of peoples mouth.

- Neocoin has major and unique features:
message notifications with encryption, push technology, software update notification, real-time stock market, nec live converter, trade alerts, sounds, new animation... even the reward system is unique.

- Neocoin had starting problems at launching but there has never been any bug. I responded here:
https://bitcointalk.org/index.php?topic=263595.20

- Neocoin was launched with a complete professionnal webiste (not under construction!), easy Installation with setup wizard and daemons running on a separate host machiner without config files for users, who does launch new coins with such work?

- Neocoin is now pretty stable and there is no problem like other POW/POS coins. Some other coins had problems much more important than multiple failed launches (fork issues, sync issues) and are always here with the same value. Neocoin never had bugs or major problems like that.

I say again, you don't encourage real programmers with talent and skill, it's not profitable for them to spend time in this kind of project. It's why 99% altcoins are copycats made and propagated by people who don't know programmation and just want a get-rich-quick scheme.

[rumlazy]

- Neocoin has major and unique features:
message notifications with encryption, push technology, software update notification, real-time stock market, nec live converter, trade alerts, sounds, new animation... even the reward system is unique.

The first 3 features are not game breaking innovative features.  You average user could care less about them.
Where is the real time stock market?  The market button on the client just takes you to the webpage showing where neocoin is traded.  What is the nec live converter? The website doesn't make any mention of either and I don't see them in the client.
Changed sounds has already been done.  

edit: i found the live converter.  it tells you what the usd value of all the nec your holding is.  is this really pushing crypto forward?
the market is kind of interesting but i have to look at it more.  neither of these features were in neocoin at launch and neither are on the website or have been promoted.

- Neocoin had starting problems at launching but there has never been any bug. I responded here:
https://bitcointalk.org/index.php?topic=263595.20

What I ment is it had been already launched, and then had to be relaunched with a new genesis.  Failed launches don't fair well here usually.

I say again, you don't encourage real programmers with talent and skill, it's not profitable for them to spend time in this kind of project. It's why 99% altcoins are copycat currencies made and propagated by people who want a get rich quick  and who don't know programmation.

mec and anc are still alive and kicking.  99% of the copycat currencies you speak of die fairly quick.  Yes they're still traded on cryptsy, but that's more of a cryptsy issue then anything.
 

[Neo8]

Where is the real time stock market?  The market button on the client just takes you to the webpage showing where neocoin is traded.  What is the nec live converter? The website doesn't make any mention of either and I don't see them in the client.
Changed sounds has already been done.  

edit: i found the live converter.  it tells you what the usd value of all the nec your holding is.  is this really pushing crypto forward?
the market is kind of interesting but i have to look at it more.  neither of these features were in neocoin at launch and neither are on the website or have been promoted.

Evolve or die, Neocoin doesn't stagnate and it is constantly in evolution. These features are in the new version 1.7
The webpage will be updated.