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Author Topic: Why so many  (Read 1977 times)
niothor
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May 06, 2014, 12:07:58 PM
 #41

It has indeed.
There are only 21 000 000  BTC but there can be 21 billions alt coins.

So in a way we're going back to the fiat printing machine.

I think that for Dogecoin, there is a limit of 100 billion. That might be even worse than the Zimbabwean Dollar.  Grin

For now, I'll stick with Bitcoin (21 million cap) and Litecoin (84 million cap).

I don't see the problem with the amount of coins dogecoin has.
People are already complaining that the value of bitcoin is not rising more because of the price per 1 btc so we should switch to millibitcoin.

That will make 21 billions millibitcoin in circulation and even that might not be enough.


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Veltoss
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May 06, 2014, 03:59:11 PM
 #42

My opinion is there will be couple of currencies (3, 4 or 5 max), others will die eventually. So 1st is Bitcoin, 2nd is Litecoin, other places are less known...time will show.
Agreed, I think there will be a small handful in a few years time, if not less. However I think people will be surprised about which ones survive that long and become widely used. There are a few new currencies that are very promising and in many ways better than bitcoin and litecoin. The vast majority of coins though, are absolutely worthless. A good way to find out which ones to trust is to find ones that have active devs that know what they're doing, an active community, and innovations (new way to distribute, companies like Karmashares, etc). If it looks like a slightly different version of an existing coin, don't even waste your time.
Malin Keshar
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May 06, 2014, 09:40:49 PM
 #43

1 - especulative currencies hoping for be the next coin to gain some 100x in value
2 - pump and dump currencies
3 - currencies that adds more features to the original bitcoin protocol
andreja1982
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May 08, 2014, 09:12:50 PM
 #44

everybody want to make quick money

NEM NEM NEM NEM NEM NEM NEM NEM NEM
Gortrap
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May 09, 2014, 01:32:34 AM
 #45

most coins are just trash
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