Bitcoin Forum
December 06, 2016, 02:13:11 PM *
News: To be able to use the next phase of the beta forum software, please ensure that your email address is correct/functional.
 
   Home   Help Search Donate Login Register  
Pages: « 1 [2]  All
  Print  
Author Topic: No new Alt Coin?  (Read 1959 times)
kjlimo
Legendary
*
Offline Offline

Activity: 1498


View Profile WWW
January 05, 2012, 07:30:10 AM
 #21

I actually want a new altcoin.  I can imagine it playing out.... CPU altcoin.  I refresh the topic every 5 minutes, download it quickly and mine it with 3 PCs.  I amass 10k shitcoins and sell them for 0.01 each.  Too bad there are no more fools to do this to xD

There's always a new batch of fools to do this to Smiley  That's the beauty of this growing community.  I know I got lost in alt chains for a while.  Now I'm back to mining the core bitcoins, with IXC/I0C/NMC merged.  And soon DVC next week.

What we need are people actually setting up new goods and services for alt coins for them to take hold.  However, even I only want to mess with bitcoin right now.  The market hasn't accepted any other alt coin as a legit competitor just yet.

CampBX for buying BTCs, Coinbase for selling BTCs or Vircurex or Cryptsy for trading alternate cryptocurrencies like DOGEs

PM me with any questions on these sites!  Happy to help!

Bitcoin Poker at Seals                  Strike Sapphire Casino  Free games every hour & day!
  Get Free Bitcoins here.

Spondoolies-Tech or KnC Miner for the fastest mining hardware available!

Bitpay to help your business accept bitcoin payments!
1481033591
Hero Member
*
Offline Offline

Posts: 1481033591

View Profile Personal Message (Offline)

Ignore
1481033591
Reply with quote  #2

1481033591
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1481033591
Hero Member
*
Offline Offline

Posts: 1481033591

View Profile Personal Message (Offline)

Ignore
1481033591
Reply with quote  #2

1481033591
Report to moderator
1481033591
Hero Member
*
Offline Offline

Posts: 1481033591

View Profile Personal Message (Offline)

Ignore
1481033591
Reply with quote  #2

1481033591
Report to moderator
doublec
Legendary
*
Offline Offline

Activity: 1078


View Profile
January 05, 2012, 08:09:55 AM
 #22

What we need are people actually setting up new goods and services for alt coins for them to take hold.  However, even I only want to mess with bitcoin right now.  The market hasn't accepted any other alt coin as a legit competitor just yet.
The problem is that if you set up a service that uses an alt-coin, you could get more users by opening it up to bitcoin. Alt coins need to provide something that bitcoin doesn't. Namecoin has names. Perhaps additional transaction types, or other experimental offerings.
kjlimo
Legendary
*
Offline Offline

Activity: 1498


View Profile WWW
January 05, 2012, 09:54:38 AM
 #23

What we need are people actually setting up new goods and services for alt coins for them to take hold.  However, even I only want to mess with bitcoin right now.  The market hasn't accepted any other alt coin as a legit competitor just yet.
The problem is that if you set up a service that uses an alt-coin, you could get more users by opening it up to bitcoin. Alt coins need to provide something that bitcoin doesn't. Namecoin has names. Perhaps additional transaction types, or other experimental offerings.

Agreed, the main difference for the alt chains right now are the block times, or the mining/network specifics.

These aren't all that intriguing for a merchant who just wants to use any cryptocurrency.  Because the merchants will want to accept a cryptocurrency that has the largest market (by number of users, not just market cap), which is bitcoin right now. 

The advantages of "faster" confirmations probably isn't as exciting as people initially thought.

Also, I'm sure that the average merchant isn't gonna grasp many of the details of how CPU vs GPU makes a network safer, stronger, etc.

Either way, the idea of merged mining is still interesting because it allows us to transition in the future to another option (probably yet to be created) that comes up with something really attractive.

For that we can thank nmc,ixc,i0c,dvc.  We'll see if they come up with anything else to attract market attention.

CampBX for buying BTCs, Coinbase for selling BTCs or Vircurex or Cryptsy for trading alternate cryptocurrencies like DOGEs

PM me with any questions on these sites!  Happy to help!

Bitcoin Poker at Seals                  Strike Sapphire Casino  Free games every hour & day!
  Get Free Bitcoins here.

Spondoolies-Tech or KnC Miner for the fastest mining hardware available!

Bitpay to help your business accept bitcoin payments!
Pages: « 1 [2]  All
  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!