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Author Topic: Should we be concerned about the new alternate block chains/cryptocurrencies?  (Read 2436 times)
Nekrobios
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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 …
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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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