CRYPTO CURRENCY INDEX

[geek-trader]

Sorry, ableorange, I can usually hold myself back from making useless comments about things I disagree with, but the sheer number of these things coming out in the last week or two is getting ridiculous.

They at least should be in their own sub-forum, or "off-topic".  This is bitcointalk.org, not bitcoinclones.org.

OK, my feelings on bitcoin clones are on the record.  I will not make another post about it.

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[echo2]

is it me or is I0Coin not up yet?? woot its up

wow sooooo fast to solv bock

[Explodicle]

I wanna make trollcoins any proposals of how they should work? 

They should inflate, since deflationary spirals will eventually kill a currency. They should ramp up slowly so early adopters won't blatantly manipulate the market like they do with Bitcoin. Of course it needs a solid backing (like the USD or EUR) so it won't collapse as imaginary money. We should also vote on code revisions, so it doesn't just get dominated by libertarians, who only want to hoard what they've already stolen from the proletariat. And forget Linux support, everyone can just wake up and use Windows already!

[neptop]

I also think it is good there are alternatives. This proves that there won't be just someone making a Bitcoin clone, rendering the currency (or whatever you call it) worthless. Instead it proves that Bitcoins have value. These things should be described in a nice simple way. First on the wiki, later a video.

And with simple I mean _really_ simple. Like we need a really simple way to securely use Bitcoins.

I really wish there would be some kind of bank or something like Paypal. So you can have an account, transfer money without requiring the Bitcoin client, security measures, like (i)TANs or smart cards, customer support, etc. This would make it easier for people who actual want to use the currency and don't know a lot about computers.

[echo2]

well since you want a bitcoin paypal so bad code it yourself or start a coding co-op/group

[OgNasty]

Don't forget buttcoin stupidcoin gexcoin nutcoin vagcoin lamecoin blowcoin beercoin weedcoin gascoin acoin bcoin xcoin ycoin and the million other coins that people are trying to pass off as anything other than gimmicks trying to make a quick buck on the back of bitcoin...

[oOoOo]

What about devcoin??

[ctoon6]

spamcoin

2 minute blocks
start at 1000 coins per block
every 1000000 blocks, DOUBLE
coins will always be generated.

[aq]

I agree 6, 10, 100, 10,000 other currencies would be stupid. IXcoin & I0coin will probably be worth 0 for sometime to come. However. If the Dollar melts down all the other fiat that's pegged to it will automatically melt down too (unless they melt first). So. Really? All we have is Gold, Silver, barter & bitcoin? Why not have a few others to encourage trade?

It's still good for us as a community to have other currencies to help trade, to help the economics. Bitcoin is gold. Maybe if I0coin or IXcoin catch up maybe one day they will be the silver. Right now they arnt even copper, or brass, or dog shit to you guys.

However these are the ONLY alternative sound, digital currencies that match bitcoin since they copy bitcoin. The idea that IXcoin to boot reaches a shorter maturity really gives a competitive edge to this whole thing.

ixcoin, I0coin, and all the other are just plain copies of bitcoin. So why would anyone use those. What you say is the same as "we should replace all digits with some other symbol, because if mathematics fail, we can use the same mathematics using other symbols".

The shorter maturity of ixcoin combined with Freds precomputes coins gives only one person some advantage: Fred himself.
So either you like to be trollish, or maybe you are one of Freds multiple accounts.

Me being open minded, I give you some advice how you could possible exercise some get-rich-as-an-early-adopter thing:
1) add some additional value to your block chain, like namecoin.
2) don't try to replace bitcoins, makes no sense to replace it with something similar.
3) don't mine yourself a too huge chunk before you go public.
4) don't pay others to use your chain, try to get their attention by the added value of your block chain.
If you have some clever idea and are not shy of doing some real coding (changing 10 in bitcoin to have ixcoin is not coding) then your block chain could really take of.

[bitcool]

OP, thanks for compiling the list, I hope you'll keep it up to date.

I'd rather see so much effort dedicated to improving the user friendly-ness of  bitcoin, after all the publicity, I feel that it has become the growth bottleneck, just like many great inventions that didn't survive.
https://bitcointalk.org/index.php?topic=4666.msg68058#msg68058
 

[ElectricMucus]

I see 2 possibilities

Either the forks loose support
or
Bitcoin & the forks merge

A merge would consist of a p2p system to trade virtual currencies which will eventually emerge as the dominant system but I can't quite prove it.

[d'aniel]

I understand how people feel about these other Bitcoin copies, alternatives.

However I still believe that alternative Crypto currencies good for bitcoin and the community.

We're trying to create a brand new currency here, without bootstrapping it off an existing measure of value.  This has happened very rarely throughout history, and the odds are vastly against us being successful with even one.  What this requires is widespread adoption and trading depth such that volatility is sufficiently smoothed out, and the currency is usable for accounting with.

Convincing those that don't understand this to spread their value among multiple cryptocurrencies meant for the exact same purpose so obviously goes against the goal of gaining sufficient trading depth of one.

[ElectricMucus]

Convincing those that don't understand this to spread their value among multiple cryptocurrencies meant for the exact same purpose so obviously goes against the goal of gaining sufficient trading depth of one.

I think the problem are lost coins.
Since the immature operating systems people loose them from time to time.

The figure is probably very small but I think it's significant with a reason:


At first if there is a perceptual loss of coins over time they will eventually in correlation with the pigeon-principle all be lost.

Another one is the psychological factor. If somebody has started mining early and lost coins this is more traumatizing as being robbed, loss due to speculation in the old money or the outcome of unprofitable mining at current difficulty. The realization that the profit will be gone forever has much deeper implications. It may be comparable with a destroyed property.
So this person may try by any means to get it back but since this isn't possible anymore there has to be new ground.

To compensate for this factors new crypto currencies must be created over time.

Just my humble theory...
Yes it could really be that the makers of these alternate currencies are just jealous of the pioneers.

[d'aniel]

At first if there is a perceptual loss of coins over time they will eventually in correlation with the pigeon-principle all be lost.

[ElectricMucus]

At first if there is a perceptual loss of coins over time they will eventually in correlation with the pigeon-principle all be lost.

You got me here, but it should be clear what I have wanted to tell.
I realize the irony. 

[Piper67]

an "alternate cryptocurrency" subforum should be made, and this thread should be stickied at the top of it.

And when it does get stickied, let us all remember what exactly it is that made bitcoin a success: it's elegant.

None of these alternative currencies has so far shown even a fraction of the elegance bitcoin has.

[johnyj]

Technology is so cheap thanks to open source culture, but I think some of todays economy problem actually caused by the open source culture, it twisted the traditional value system but still can't survive without it, just like those who mine the coins actually want to exchange it to USD to payback their power bill

[Lolcust]

1) Download bitcoin or xicoin source.

2) Define a new genesis block
https://github.com/ixcoin/ixcoin/blob/28b781f6390173dd31d771c4e061468256758dfe/src/main.cpp#L1515
Don't forget to start with some message like "To see the farm is to leave it"

3) Change the has hash of the genesis block to whatever you made it in (2):
https://github.com/ixcoin/ixcoin/blob/28b781f6390173dd31d771c4e061468256758dfe/src/main.cpp#L33

4) Optional step: get yourself more money: change the value of a single block
https://github.com/ixcoin/ixcoin/blob/28b781f6390173dd31d771c4e061468256758dfe/src/main.cpp#L639
Fred wanted 96 per block, instead of 50. Pro tip: make it a few thousand at least, miners will be happy

5) type make

6)
7) profit!!!

Excuse me, but if a neo-coin creator wants to give himself (and not everybody else) extra  moneys, shouldn't he put those moneys into the genesis block, and not just increase per block reward ?

Or are money in the genesis block unable to be moved out of it ?

[murasha]

I wanna make trollcoins any proposals of how they should work? 

nice idea
I know how it should work, realy.
Trollcoin client should work both in bitcoin and trollcoin networks.
It should use bitcoin blockchain and targets and pass them in getwork answer for the user.
If user solved  bitcoin block, Trollcoin client will give hiim some of those trollcoins (10000 for example) and sign your bitcoin crypto key to that bitcoin block.
So people mine bitcoin for you and trollcoin for themselves.

[smurfix]

None of these alternative currencies has so far shown even a fraction of the elegance bitcoin has.

Since they're mostly the same, they can't be that much less elegant.

So far I've seen two more interesting approaches:

Namecoins add names.
Solidcoins add faster transctions and less upwards volatility-of-difficulty.

Both ideas have inherent value. That's rather important; we don't just invent a new currency. Anybody can do that. (Look up Norton I, self-styled Emperor of San Francisco, for a particularly interesting example.)

We want to do new things here which we couldn't do before.
One can send money and exchange it for different money with any bank. That's not the point of Bitcoins.
Neither is the ability to mint your own money. That's a nice feature, for now, but it'll stop working (i.e. "generate enough coins to offset the power bill") soon enough.