Bitcoin Forum
December 09, 2016, 05:24:54 PM *
News: Latest stable version of Bitcoin Core: 0.13.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: The Impact of Alternate Cryptocurrencies  (Read 1075 times)
wobber
Legendary
*
Offline Offline

Activity: 1050


View Profile
October 09, 2011, 02:32:34 PM
 #1

We had ixcoin and i0coin that are dead now. Many people lost money after they bought this coins with Bitcoin.  How this impacted bitcoin's price, if it did?

Also we now have Tenebrix and Solidcoin 2.0 in a few days. Will people move their assets to a better coin, like SC2 claims to be, or they'll generate the CPU-friendly one?

If you hate me, you can spam me here: 19wdQNKjnATkgXvpzmSrkSYhJtuJWb8mKs
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1481304294
Hero Member
*
Offline Offline

Posts: 1481304294

View Profile Personal Message (Offline)

Ignore
1481304294
Reply with quote  #2

1481304294
Report to moderator
1481304294
Hero Member
*
Offline Offline

Posts: 1481304294

View Profile Personal Message (Offline)

Ignore
1481304294
Reply with quote  #2

1481304294
Report to moderator
Bigpiggy01
Hero Member
*****
Offline Offline

Activity: 616



View Profile
October 09, 2011, 03:02:35 PM
 #2

SC might or might not be a better coin, if it gains more acceptance that's just good for everyone as both it and btc have pluses and minuses. As a payment tool it's rapid confirmations are more attractive but it's forever going to be seen as "the clone/ cheap knock off" (essentially a problem for all new blockchain coins.

Tenebrix is more or less meant as a "laundry" at least from the way I read everything on it, If it does end up with a fair amount of value from providing this service then mining rigs might start getting built with massive CPUs as well as a ton of gpus. Furthermore it's extremely botnet friendly which might make a few nerfherders switch from mining bitcoins giving us less bad press on that count or it could just mean that a few peeps get greedy and try to feed from both teats at once.

Overall I think they might actually be good for bitcoin. If something is so good that others copy it, it can't be all bad.

grod
Full Member
***
Offline Offline

Activity: 154


View Profile
October 09, 2011, 04:37:05 PM
 #3

SC is dead before it launched.  It has too many drawbacks.

Now, the first alt currency I like and will probably speculate long on is "litecoin."  It's like bitcoin, but using a CPU friendly algorithm.  And without a ridiculous premine amount.  It's intended to be the silver to bitcoin's gold and IMO it's the first alt chain with a shot of making it.

As far as impact?  Short term positive, long term neutral.  To speculate on the various shitcoins people need to buy up bitcoins.  Those 2000 bitcoins up on the bid on btce are not in circulation, so every alt chain to come along is a slight, imperceptible boost to bitcoin price.

At least until that chain collapses.
bulanula
Hero Member
*****
Offline Offline

Activity: 518



View Profile
October 09, 2011, 04:41:58 PM
 #4

SC is dead before it launched.  It has too many drawbacks.

Now, the first alt currency I like and will probably speculate long on is "litecoin."  It's like bitcoin, but using a CPU friendly algorithm.  And without a ridiculous premine amount.  It's intended to be the silver to bitcoin's gold and IMO it's the first alt chain with a shot of making it.

As far as impact?  Short term positive, long term neutral.  To speculate on the various shitcoins people need to buy up bitcoins.  Those 2000 bitcoins up on the bid on btce are not in circulation, so every alt chain to come along is a slight, imperceptible boost to bitcoin price.

At least until that chain collapses.


Care to backup your points ? I think SC2 is great and Litecoin is crap.
grod
Full Member
***
Offline Offline

Activity: 154


View Profile
October 09, 2011, 04:59:43 PM
 #5

You also think Belarus is part of Japan, you're barely literate, and think an i7 performing differently on a computing workload than six core phenom is some sort of conspiracy. 

You're welcome to your opinion.  I'll stick with mine.
eldentyrell
Donator
Legendary
*
Offline Offline

Activity: 966


felonious vagrancy, personified


View Profile WWW
October 11, 2011, 06:31:46 AM
 #6

or they'll generate the CPU-friendly one?

There are no "CPU-friendly" cryptocurrencies; this is a dangerous misunderstanding.

The printing press heralded the end of the Dark Ages and made the Enlightenment possible, but it took another three centuries before any country managed to put freedom of the press beyond the reach of legislators.  So it may take a while before cryptocurrencies are free of the AML-NSA-KYC surveillance plague.
panerai
Member
**
Offline Offline

Activity: 84



View Profile
October 13, 2011, 02:56:42 AM
 #7

im mining TBX. have mined 36 coins in 2 days with a few PC
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!