erre (OP)
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Activity: 1680
Merit: 1205
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January 05, 2014, 01:10:32 PM |
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WTF look at how many currency are currently coingen creating.... and these are only the listed ones! http://coingen.io/status.htmlThis is a great business... for coingen. A great scam for the miners |
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Ng93
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January 05, 2014, 01:12:25 PM |
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This is going to destroy the alt currency !
More scam and crap coins are going to be add, only the good one will survive and it won't be one of those
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Whats A Diet
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Activity: 28
Merit: 0
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January 05, 2014, 01:20:08 PM |
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allllll kindss of scam coinss allll kindss
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Reece523
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Activity: 84
Merit: 10
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January 05, 2014, 01:21:03 PM |
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The altcoin market has really taken a beating the past couple days... No clue if it is related to Coingen.com or not but it is interesting that most of the more established coins (eg. BTC, LTC, PPC, NMC) have weathered the storm better than most. January should be an interesting month!
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vingaard
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Activity: 1246
Merit: 1011
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January 05, 2014, 01:23:26 PM |
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OMG... WTF!!!  |
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erre (OP)
Legendary
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Activity: 1680
Merit: 1205
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January 05, 2014, 01:59:24 PM |
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OMG... WTF!!! WTF was exactly my first reaction when i saw that page |
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RenegadeMind
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January 05, 2014, 02:05:13 PM |
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No Coingen coin is ever going to make it onto an exchange. They're toys for people who have money to blow. Nothing more. This is not going to destroy altcoins. It is going to let some people play with their own coin and fail to get others to play with them.  |
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virtualdn
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Activity: 1372
Merit: 1093
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January 05, 2014, 02:17:24 PM |
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with so many coins i'm afraid the alt coin market won't last too long
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1 BTC = 1 BTC
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noedelx
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January 05, 2014, 02:19:05 PM |
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winter is coming
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Hazard
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Activity: 980
Merit: 1000
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January 05, 2014, 02:23:43 PM |
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Bunch of shitcoins with poorly chosen parameters and no developer support. No coin created through this site will ever be worth anything.
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roozifus
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January 05, 2014, 02:36:54 PM |
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This is good for alt coins in the long term, people will start to actually look at what a coin has to offer instead of just throwing money at everything.
Coins with features and community will do better, the rest will die out like they should.
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LiteBit
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Activity: 1133
Merit: 1050
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January 06, 2014, 07:40:06 PM |
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No Coingen coin is ever going to make it onto an exchange. They're toys for people who have money to blow. Nothing more. This is not going to destroy altcoins. It is going to let some people play with their own coin and fail to get others to play with them. Or a way for startups to issue vouchers for investing apart from the exchanges. |
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placebo
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Activity: 1120
Merit: 1000
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January 06, 2014, 07:49:26 PM |
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I always want to have my own coin, i have some nice ideas, but don't have a clue how to start. Infact how the coins are generated is not really important it is the marketing around this coin that is important, no? Make sure that your coin range the customer, make sure that they can pay with your coin easily, either via Apps or on Android.
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pabloangello
Legendary
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Activity: 1344
Merit: 1001
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January 06, 2014, 07:57:18 PM |
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So the natural selection in alt-coins world has begun. The strongest will survive. Rest have to die.
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wakasaki808
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January 06, 2014, 08:00:09 PM |
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This is like the stock market tech bubble pre-00's IMO. Soon there will be a crash and only the strongest alts with the best communities will survive.
There's only so much hashes that can be thrown around. Once the market is so over-saturated with altcoins, prices will drop drastically and miners will start to be picky on what to throw their hashes at.
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