(Suggestion) New sub-forum for novelty coins

[HabbyGab]

The Alternate Cryptocurrencies sub-forum has been flooded with all these ridiculous novelty coins. I think Alternate Cryptocurrency forum should be dedicated to cryptocurrencies that actually try to be something more than a joke. Moving all novelty coins to their own forum would clean up the place a lot (most posts are about novelty coins or giveaways, pools, etc. for those coins) and leave more room for actual cryptocurrencies (even though a lot of them are scams but that's a bit harder to fix). Alternate cryptocurrencies are going to become an even bigger joke and the whole reputation of bitcoin and the bitcoin community will also suffer from it if the separation between obvious novelty coins and alternate cryptocurrencies is done.

[Fiyasko]

And I feel that all non-bitcoins should be removed from these forums!

Look at your "unread posts since last visit" and see half of the page is Alternate Cryptocurrencies
This is the Bitcointalk forums!

[HabbyGab]

And I feel that all non-bitcoins should be removed from these forums!

Look at you're "unread posts since last visit" and see half of the page is Alternate Cryptocurrencies
This is the Bitcointalk forums!

True, but alternate cryptocurrencies don't get in the way of bitcoin discussion in any way since it keeps to its own sub-forum. Novelty coins on the other hand do get in the way of regular cryptocurrencies. As long as everything has its own sub-forum that doesn't leak, it's good to have a single central for all cryptocurrency discussion.

[tysat]

How do you tell the difference between a novelty-coin and an alt-coin?  To me they're pretty much the same thing except for maybe Litecoin and Namecoin.

[HabbyGab]

How do you tell the difference between a novelty-coin and an alt-coin?  To me they're pretty much the same thing except for maybe Litecoin and Namecoin.

Well. Even though I'd like to say that most altcoins are either stupid or novelty coins, I think the sub-forum should be enforced on coins that are clearly for novelty purposes. DOGE Dogecoin is a perfect example and it alone is taking so much space in the forum.

[SaltySpitoon]

That goes back to the question, What makes a coin a novelty coin? Who would be the one to make the decision whether or not a coin is legitimate or not? Thats a position that no one can make, if you think a coin is a novelty coin, great. Others dont.

[HabbyGab]

That goes back to the question, What makes a coin a novelty coin? Who would be the one to make the decision whether or not a coin is legitimate or not? Thats a position that no one can make, if you think a coin is a novelty coin, great. Others dont.

I agree that that goes to most altcoins, but a coin based off of an internet meme is clearly a novelty coin. I mean. The coin is based entirely on a joke. If that's not novelty, then I don't know what is. Same for Bernankoin. The coin is clearly satire as the dev would admit. Or KittehCoin. Another joke/meme coin. I get that with most coins the line is very unclear but you have to admit that these are very intended for novelty and fun. And ever since DOGE there has been lots of novelty coins popping out. They're taking lots of space from other alternate crypto. Altcoins already have a bad reputation but this is going even as far to make them into an actual joke. The biggest reason why I think a sub-forum is needed for these coins is that they can be seen as separate from other crypto (even though I think most of the "other crypto" is borderline novelty too). Altcoins have been pretty bad this year but now they're even worse and if this continues (which I believe will if nothing is done about it), they'll become even worse. This whole easy-going and fun mentality is also giving lots of room for more scamming and market manipulation. I'm not asking to make a sub-forum for whatever coins I think are bad, but for the coins that anyone can clearly see as novelty. If a coin is purely built around a joke, internet meme or satire then it is for novelty purposes. Even if it expands to getting traded and all, as long as it's main purpose and status remains around the joke, then it's still a non-serious coin, even if it makes serious profit for certain pumpers and lucky bystanders.

[stompix]

You can do that easily by splitting the alt section into 3:

-Namecoin
-Litecoin
-Other.

Why bother separating garbage from junk?

[SaltySpitoon]

That goes back to the question, What makes a coin a novelty coin? Who would be the one to make the decision whether or not a coin is legitimate or not? Thats a position that no one can make, if you think a coin is a novelty coin, great. Others dont.

I agree that that goes to most altcoins, but a coin based off of an internet meme is clearly a novelty coin. I mean. The coin is based entirely on a joke. If that's not novelty, then I don't know what is. Same for Bernankoin. The coin is clearly satire as the dev would admit. Or KittehCoin. Another joke/meme coin. I get that with most coins the line is very unclear but you have to admit that these are very intended for novelty and fun. And ever since DOGE there has been lots of novelty coins popping out. They're taking lots of space from other alternate crypto. Altcoins already have a bad reputation but this is going even as far to make them into an actual joke. The biggest reason why I think a sub-forum is needed for these coins is that they can be seen as separate from other crypto (even though I think most of the "other crypto" is borderline novelty too). Altcoins have been pretty bad this year but now they're even worse and if this continues (which I believe will if nothing is done about it), they'll become even worse. This whole easy-going and fun mentality is also giving lots of room for more scamming and market manipulation. I'm not asking to make a sub-forum for whatever coins I think are bad, but for the coins that anyone can clearly see as novelty. If a coin is purely built around a joke, internet meme or satire then it is for novelty purposes. Even if it expands to getting traded and all, as long as it's main purpose and status remains around the joke, then it's still a non-serious coin, even if it makes serious profit for certain pumpers and lucky bystanders.

What about a joke coin with a higher market cap than Bitcoin? Someone was messing around and bought fractions of Dogecoins for something like $400 each, so the market caps were showing $3 Trillion USD. Even with that sort of fluke, whether its a joke or not, there is serious money being held in doge, which again brings use back to, how do you completely detirmine if a coin is a novelty or not. If there was Stupidcoin, but it had a new POW system, the coins were $1000 per coin, and had a huge userbase, would it still be considered a novelty coin?

Theres just no way to enforce a split between alt coins and novelty coins. Its completely up to ones own opinion.

You can do that easily by splitting the alt section into 3:

-Namecoin
-Litecoin
-Other.

Why bother separating garbage from junk?

That is opinion as well, what makes Litecoin or Namecoin special? Sure they are amongst the oldest alt coins, but the same goes with Solidcoin/Microcash, Peercoin, Freicoin, Yacoin, and a plethera of other slightly newer coins.


I decided a long time ago that I would not be the judge of a coins validity. If its a good idea, people will use it, if its a stupid coin, it will die. No more fair way than that. As long as the creator isn't putting malware into the wallet, I don't care if someone decides to make SUPERULTRABESTCOIN or anything else.

[stompix]

Namecoin has the alternative dns thingy behind , so it has something special compared to any other coin.

Until somebody comes with something totally new rather than messing with block reward/time and it proves it works , I consider all the alts as day trading activity.

[SaltySpitoon]

Namecoin has the alternative dns thingy behind , so it has something special compared to any other coin.

Until somebody comes with something totally new rather than messing with block reward/time and it proves it works , I consider all the alts as day trading activity.

Namecoin has the alternative dns thing which is incredibly difficult to set up, and rather impractical, so no one uses them to buy .bit addresses.  A lot of coins have special features, Litecoin was the first to use Scrypt, Solidcoin I believe was the earliest alt coin including a few different features, such as block signing nodes (didn't go over so well). Peercoin was the first Proof of Stake coin iirc, Primecoin uses a completely different algorithm based on prime number chains. Rucoin used a dual blockchain system, allowing you to mine Scrypt or Sha, other coins tinkered with the feasibility of faster confirmations, different block sizes, etc. Whether people believe that Alt Coins have a future vs Bitcoin, or whether they will all be supersceded, its undeniable that Alt Coins have done tremendously in terms of research and exploring the bounds of Crypto Currencies.

Thats why I find that no alt coins are stupid, or novelty coins. Dogecoin in particular will test whether Crypto Currencies derive their value solely by being a mathmatically secure form of barter, or whether people can make coins with buzzwords in them for advertising, and gain popularity, value, and therefor usefulness from there.

[stompix]

If I will ever try to teach my mom about how to use a wallet , I'll end up in a mental facility before I manage to teach her.
So , from my point of view you can't really consider something being difficult unless you also take into account what drives you to use that thing.

Isn't bitcoin 10 times harder to use than PP ? But there is some incentive to do that , and with tpb(piratebay) domains falling one after other .... I think you get my point.It won't be as harder in the future to set the the .bit dns up , considering the benefits.

Also , I specifically said in my post "prove that it works" regarding to alt coins. Because when speaking about their features , you have used past tense for most of them.

[SaltySpitoon]

If I will ever try to teach my mom about how to use a wallet , I'll end up in a mental facility before I manage to teach her.
So , from my point of view you can't really consider something being difficult unless you also take into account what drives you to use that thing.

Isn't bitcoin 10 times harder to use than PP ? But there is some incentive to do that , and with tpb(piratebay) domains falling one after other .... I think you get my point.It won't be as harder in the future to set the the .bit dns up , considering the benefits.

Also , I specifically said in my post "prove that it works" regarding to alt coins. Because when speaking about their features , you have used past tense for most of them.

Very true, I've had nothing but resistance trying to teach people about Bitcoin, I agree it has a pretty steep learning curve, and if you aren't technically savvy coming in, you have little to no hope. However, its gotten a lot more user friendly in the last years.

Using a .bit domain requires even technically savvy people to jump through hoops, so I'd say it will be a while before they are used. As far as my use of past tense, some it it may have been unintentional, as I was speaking out how they were made in the past. Rucoin has kind of disappeared, as well as Solidcoin, but Litecoin's use of Scrypt has been rather important, Primecoin's use of other hashing algorithms has also been important, as it provides options should any of the existing hashing algorithms be cracked, making it necessary for existing coins to jump to a different hashing algorithm. The proof of stake concept is an interesting one as well with real applications possible, and I believe the concept of Colored Coins was thought of during Alt Coin research, which has been debated thoroughly whether or not it should or could be implemented into the Bitcoin protocol.

[dewdeded]

It's time create Altcoin-Subforum for "Giveaways".
Even for in altcoins interested people its impossible to read, because of 100.000 giveaway-threads.

And I feel that all non-bitcoins should be removed from these forums!

Look at you're "unread posts since last visit" and see half of the page is Alternate Cryptocurrencies
This is the Bitcointalk forums!

I think you can ignore subforums (in your case the altcoin forum) from this view/list.
Its in your forum settings, look around.

[Raize]

I decided a long time ago that I would not be the judge of a coins validity. If its a good idea, people will use it, if its a stupid coin, it will die. No more fair way than that. As long as the creator isn't putting malware into the wallet, I don't care if someone decides to make SUPERULTRABESTCOIN or anything else.

On this note, though, perhaps having some sort of a breakdown based on PoW/PoS would be a decent way to categorize them?

Alternate Cryptocurrencies
* Proof-of-Work only
** SHA256-based
** Scrypt-based
** Other
* Proof-of-Stake also
** SHA256-based
** Scrypt-based
** Other

Would this be a determinative classification system? I don't even know if there are Proof-of-Stake Scrypt-based coins, but this would be a way to categorize them without classifying them or strictly picking winners or losers...

[hilariousandco]

As others have said, who decides what a novelty or shitcoin etc is?. This is a Bitcoin forum, and the alt currency section is fine for all the others. Yeah, it's a mess, but you don't have to go in there if you don't want, or only have to subscribe or check threads of coins that you're interested in.

[HabbyGab]

I guess you people are right. But I still believe a separation of some kind would be good to clean up the forum. Like a sub-forum for coin promotion and services. Most posts on alternate cryptocurrencies is about services for a specific altcoin (or a set of altcoins) instead of discussion of an altcoin or altcoins in general. If all the pool threads and giveaway threads were moved to another sub-forum, it would clear up space in the forum for discussion about altcoins and announcement threads. Even bitcoin is cut into several sub-forums based on what kind of discussion it is, so why not altcoins? The forum is getting pretty filled with mostly generic giveaways and service promotion. I still think novelty coins should be separated, but I guess the biggest practical problem right now on the forum and why I would suggest cleaning it is because it's getting filled with generic promotion threads, leaving little room for other altcoin discussion. Imagine if bitcoin was all in one sub-forum.

[justusranvier]

Imagine if bitcoin was all in one sub-forum.

That is entirely the point of having a single altcoin section. If it's sufficiently inconvienient to discuss altcoins here maybe they'll move to their own forum.

[malevolent]

A lot of coins have special features, Litecoin was the first to use Scrypt

Tenebrix was the first to use scrypt, then Fairbrix, and then Litecoin.

[hilariousandco]

Imagine if bitcoin was all in one sub-forum.

That is entirely the point of having a single altcoin section. If it's sufficiently inconvienient to discuss altcoins here maybe they'll move to their own forum.

I think bothering to create their own forum is too much work for some of these altcoin developers. And all these altcoin forums are usually dead anyway. Even Litcoin's forum gets hardly any activity.