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Author Topic: Should we be concerned about the new alternate block chains/cryptocurrencies?  (Read 2334 times)
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August 29, 2011, 10:19:28 AM
 #21

Fun fact: The unit of a Namecoin and Solidcoin together equal ~4% of a Bitcoin. I don’t know about the hashrate, someone should do the math.

If this trend continues and Bitcoin’s value is further diluted, then we should definitely be concerned. That a block chain like Solidcoin is gaining popularity at all, for non-pump-and-dump reasons, is a huge red flag for me regarding Bitcoin. People are unsatisfied and looking for alternatives.

I am pretty sure the media will start reporting on this, and there could be more and more professional attempts at block chains …

"Bitcoin had been transformed from an anarachistic challenge to the financial status quo, to the crypto spawn of Satan, fuelled by cut-throat greed and delusions of avarice." - MatTheCat
"these people don't seem to want to stop till Bitcoin is completely destroyed and left like an old cum rag in the corner of the room." - ShroomsKit
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August 29, 2011, 04:25:18 PM
 #22

Fun fact: The unit of a Namecoin and Solidcoin together equal ~4% of a Bitcoin. I don’t know about the hashrate, someone should do the math.

If this trend continues and Bitcoin’s value is further diluted, then we should definitely be concerned. That a block chain like Solidcoin is gaining popularity at all, for non-pump-and-dump reasons, is a huge red flag for me regarding Bitcoin. People are unsatisfied and looking for alternatives.

I am pretty sure the media will start reporting on this, and there could be more and more professional attempts at block chains …

give it a few more weeks.. solidcoin mining will no longer be profitable compared to bitcoin and people will
leave it in flocks.. even with their twice daily diff adjustments which was just an idea to make the scam
last a bit longer.
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