multipools are truly destroy all alts

[eddilicious]

I used to pick a few coins I thought I could hold on to and mined to local wallet. Only see those coins dropped to worthless. Now I give my 7950s to multipools. It gives me a garden variety of them. the problem is, I was never a fan of them, so I joined the dump army too. I just sold some doge at 126. I never believe doge coin, so I honestly just think it is worthless. the coin end up in the hands that does not believe it, so it got dumped. and literally, every single alt coin is being dumped into oblivion by someone right now, so to those in my local wallets.

now what?

[bl0ckchain]

now what?

Multi-pool resistant Goldcoin (GLD) is the answer with its new 51% attack defense system. The price is stable at one penny and with a new java client coming out this spring, there's only way to go baby and that's to the moon. 

[noelmal]

multiples aren't killing alts, the markets being flooded with too many alts, and exchanges are listing any scam that comes along. devalues all.

[RobFordWotWot]

Uh. Kimoto. Gravity. Well.

Also.




Gold tho- I put 2 btc in that, I hopeful 4 the profits and such.

[bl0ckchain]

What he said. ^^ multipools won't touch GLD with a ten-foot pole thanks to the new code.

Goldcoin theme song >>>>> http://www.youtube.com/watch?v=otCpCn0l4Wo

[dustint]

Look into a coin that the multipools don't touch like goldcoin.  It has a multipool defense built into the client where only 5 or 6 blocks can be found every 10 minutes max.  If a multipool mines it they are wasting their hashpower because all they will get is the set amount and no more.  

[gloine]

Eventually all the coins need users who are not miners. I think multipools are the way to go for miners, and the true problem is that many altcoins are not being used for any practical purpose.

[RobFordWotWot]

What he said. ^^ multipools won't touch GLD with a ten-foot pole thanks to the new code.

Goldcoin theme song >>>>> http://www.youtube.com/watch?v=otCpCn0l4Wo

No lie, MChammer had a gold toilet, gold all over his mansion till he went bankrupt... but you probably knew that.


Can't touch this.

[eddilicious]

Uh. Kimoto. Gravity. Well.

Also.




Gold tho- I put 2 btc in that, I hopeful 4 the profits and such.

right. look at the gold in coinwarz and tell me how it is different from any other Kimoto's Gravity Slide.

Kimoto's Gravity Well keeps the mining operation, it does not stop miners from dumping what they just got.

[eddilicious]

Eventually all the coins need users who are not miners. I think multipools are the way to go for miners, and the true problem is that many altcoins are not being used for any practical purpose.

+1. guess I am a miner then. it is the community's job to find a use of that coin. my job is put 4 7950 together and pay my electricity bill.

[kalus]

these mined cryptocurrencies would be great if it wasn't for all the idiot miners fucking shit up for the rest of us!

[eddilicious]

What he said. ^^ multipools won't touch GLD with a ten-foot pole thanks to the new code.

Goldcoin theme song >>>>> http://www.youtube.com/watch?v=otCpCn0l4Wo

No lie, MChammer had a gold toilet, gold all over his mansion till he went bankrupt... but you probably knew that.


Can't touch this.

shit, did the bank turn the toilet into shinny necklace and put it on some celebrity's neck?

[Bit_Happy]

What he said. ^^ multipools won't touch GLD with a ten-foot pole thanks to the new code.

Goldcoin theme song >>>>> http://www.youtube.com/watch?v=otCpCn0l4Wo

No lie, MChammer had a gold toilet, gold all over his mansion till he went bankrupt... but you probably knew that.


Can't touch this.

When the hammer falls 
Why do so many celebs and sports stars go broke? They must know that saving something is a good idea?

[jonnysomething]

Is it possible to DDOS multipools? An all out war would need to be started. I definitely agree they are ruining it.

Or exchanges need to start taking responsibility and banning accounts with high transaction rates, all one direction.

[El Dude]

Scam coins deserve to die.

[eddilicious]

Scam coins deserve to die.

there are scam coins, ipo coin, premine coins, instamine coins.

there are some dev made great effort trying to be fast, to be anonymous, to have domain names.

At this moment, there is no much difference at all. all falling into the tomb, with a different speed.

And the more they fall, the less people will buy, because I can always wait tomorrow, for a better price. And if i miss this coin, there is another coin at dirt cheap price. so everyone pull their bids.

[Netnox]

Its Cryptsy, those greedy morons want to collect fees at any cost. Cryptsy needs to delete 80% of their overrated copy&past Cryptos and stop acting so desperate.

[WompRat]

I don't think there is enough appreciation around that all crypto coins are just experiments in a new form of currency.  The more experimentation we do the more we learn about what makes an effective stable coin.  If a coin is going to succeed it needs to be attacked in every conceivable way and show it can't be hurt.  Bring on the pain and lets see which coins remain standing.

[BrewCrewFan]

I don't think there is enough appreciation around that all crypto coins are just experiments in a new form of currency.  The more experimentation we do the more we learn about what makes an effective stable coin.  If a coin is going to succeed it needs to be attacked in every conceivable way and show it can't be hurt.  Bring on the pain and lets see which coins remain standing.

No I think its just a select few that are making all of them, copy/paste and change a few numbers. Many of them are not to "test" as you say.

Few have done some decent things yes, but like all developments, it takes money, and when your coin is caught up in the shit storm of the crap coins, you have a hard time getting anything going due to low prices.

That is another reason why I dont understand why when there is something interesting, devs premine, people bitch. They just expect the devs to pony up hundreds of dollars so the rape miners can dump the shit out of the coin to make the profit.

Its gotten really fcked up in the last few months... I think we are in a strong downturn right now... hopefully it will bounce back.

[eddilicious]

I don't think there is enough appreciation around that all crypto coins are just experiments in a new form of currency.  The more experimentation we do the more we learn about what makes an effective stable coin.  If a coin is going to succeed it needs to be attacked in every conceivable way and show it can't be hurt.  Bring on the pain and lets see which coins remain standing.

No I think its just a select few that are making all of them, copy/paste and change a few numbers. Many of them are not to "test" as you say.

Few have done some decent things yes, but like all developments, it takes money, and when your coin is caught up in the shit storm of the crap coins, you have a hard time getting anything going due to low prices.

That is another reason why I dont understand why when there is something interesting, devs premine, people bitch. They just expect the devs to pony up hundreds of dollars so the rape miners can dump the shit out of the coin to make the profit.

Its gotten really fcked up in the last few months... I think we are in a strong downturn right now... hopefully it will bounce back.

+1 to shit storm. those "dev"s create coins like a fashion business. this month, there are a dozen premine coins, another month, there are quick halving period coins, another month, there are a dozen 1-trillion coins. there are very few actually try some economic or mathemetic model to "experiment" anything at all. they even try to do insta-mine first, then announce to install KGW.