It's all about Freedom

[CripLib]

One general law, leading to the advancement of all organic beings, namely: multiply, vary, let the strongest live and the weakest die. With these words Charles Darwin taught us how the fittest will survive in nature, and we have eventually learned that it works the same way with companies in a free market. Nowadays we see so many new Altcoins popping up everyday and a "natural cryptocurrency selection" has already started it's work: That's the way freedom operates, why would it be any different in the newly born cryptocurrencies world?

The Altcoins boom is there for anyone to see. There are now hundreds of known altcoins, and this number is ever increasing. This phenomenon is even being compared to the tulip mania that happened in 17th century Netherlands, when contract prices for tulip bulbs reached extraordinarily high levels, creating a bubble that suddenly collapsed. For this reason, some people are worried and are trying to understand if it is a good thing for the cryptocurrencies in general and, more specifically, if it is a good thing for Bitcoin itself.

(...)

Please read the full article at http://criplib.blogspot.com/2014/08/its-all-about-freedom.html

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[CoinStarX]

The more cryptos the merrier. It mean that some will survive and become real working currencies. The more made the more a change a fittest one will be made that survives

[profitofthegods]

The more cryptos the merrier. It mean that some will survive and become real working currencies. The more made the more a change a fittest one will be made that survives

I agree to an extent - the more genuine attempts to create a new coin the better, because even if they fail they may either raise awareness in the general public or develop new ways of doing things which other coins which are successful take onboard. Unfortunately though, many aren't genuine attempts at all, but just pure scams and get rich quick schemes.

[ihuntbtc]

Freemarket comes with a shitload of scams unfortunately

[HzE]

I think the current flow of scams hurt the whole altcoin-btc economy.
When news touch the subject, that huge amount of "bitcoin clones" are pure scams... shit hits the fan and hard regulations from governments might step in the game.

Seems that huge percentage of altcointraders are blinded by greed and try to ride the pump and dump waves without realizing that it hurts the markets.
Its also sooo easy to clone a good coin and idea, that the original might fail and clone might make it..

[henryjames1003]

Thank you a lot. It's obvious to compare the current situation with the evolutionary progress but I have not seen something like this before. 

Are you want to extend this metaphor further?

[Spoetnik]

The more cryptos the merrier. It mean that some will survive and become real working currencies. The more made the more a change a fittest one will be made that survives

diluting the market is dumb and ALREADY caused massive price drops..
i am soooo sick of hearing people around Crypto say this dumb crap.

and Free Market is used as an excuse to take kids lunch money and brag about Lambo's.. nothing more.
insisting you have the freedom to scam people with Ponzi schemes is silly nonsense !

[rikkejohn]

One general law, leading to the advancement of all organic beings, namely: multiply, vary, let the strongest live and the weakest die. With these words Charles Darwin taught us how the fittest will survive in nature, and we have eventually learned that it works the same way with companies in a free market. Nowadays we see so many new Altcoins popping up everyday and a "natural cryptocurrency selection" has already started it's work: That's the way freedom operates, why would it be any different in the newly born cryptocurrencies world?

The Altcoins boom is there for anyone to see. There are now hundreds of known altcoins, and this number is ever increasing. This phenomenon is even being compared to the tulip mania that happened in 17th century Netherlands, when contract prices for tulip bulbs reached extraordinarily high levels, creating a bubble that suddenly collapsed. For this reason, some people are worried and are trying to understand if it is a good thing for the cryptocurrencies in general and, more specifically, if it is a good thing for Bitcoin itself.

(...)

Please read the full article at http://criplib.blogspot.com/2014/08/its-all-about-freedom.html

I stopped reading after the remark "Darwin taught us how the fittest will survive in nature, and we have eventually learned that it works the same way with companies in a free market."

Evolutionary theory merely posits those best adapted have a higher chance of reproducing and thus passing on their genes.

The best adapted ... or "fittest" ... just takes advantage of prevailing conditions.

Applying your "knowledge" to the free market is absurd. There is no free market, given most people in the world are unable to compete in it on fair terms. The market is "unfree", propped up by institutions, interests and protectionism (CAP anyone?)

Social Darwinism is a shitty philosophy and was debunked long ago. It makes as much sense as Creationism.

[mellzinha]

I stopped reading after the remark "Darwin taught us how the fittest will survive in nature, and we have eventually learned that it works the same way with companies in a free market."

Evolutionary theory merely posits those best adapted have a higher chance of reproducing and thus passing on their genes.

The best adapted ... or "fittest" ... just takes advantage of prevailing conditions.

Applying your "knowledge" to the free market is absurd. There is no free market, given most people in the world are unable to compete in it on fair terms. The market is "unfree", propped up by institutions, interests and protectionism (CAP anyone?)

Social Darwinism is a shitty philosophy and was debunked long ago. It makes as much sense as Creationism.

Yes, I'm sure you're right, so we'd better just fix this "unfree" market by simply adopting communism now.

lol

[Spoetnik]

Yes, I'm sure you're right, so we'd better just fix this "unfree" market by simply adopting communism now.

lol

NO ! ..Nazi'ism

JOIN The Crypto-SS Today !

[cassius69]

free market is a myth.

there are no equivalents in the modern world.

its a common phrase used by those who wish to scam us.

[Brewins]

With so many coins we are just applying the Divide Et Impera strategy against ourselves.

Think we should consolidate Bitcoin, then go to alt crypto natural selection.

[raganius]

OK, I agree that there are too many scams and that it is a problem (and the op's text does not deny it). Actually, it's so obvious that the so called shit coins are nothing more than scam.

But the fact is: even though dishonest altcoins are there, there are still many good and serious altcoins. It is up to the community (and of course to each user's discretion) to separate the wheat form the chaff.

Isn't it starting to happen?

• https://bitcointalk.org/index.php?topic=522235
• https://bitcointalk.org/index.php?topic=720864

These are good and welcomed iniciatives: the community discussing the subject instead of simply being nazistic.

If the community simply (and lazily) decides for the easy way of banning all altcoins, I'm affraid many good ideas will be bottled up.

Remember:

Those who surrender freedom for security will not have, nor do they deserve, either one.
Benjamin Franklin

[CryptoFutaba]

With so many coins we are just applying the Divide Et Impera strategy against ourselves.

Think we should consolidate Bitcoin, then go to alt crypto natural selection.

or not. maybe that's the best strategy for the success of cryptocurrencies:

"No one can deny that it is impossible to completely avoid risks. A blockchain and network can eventually fail. It can receive attacks for example, and having some kind of "backup" is a wise decision. In this situation it is clearly convenient to have three or four main cryptocurrencies, with their different blockchains running in paralel, in order to "spread" the risk of eventual failures. So, instead of having all the investments in a single blockchain, one would hold two or three different cryptocoins in his portfolio."

The more cryptos the merrier. It mean that some will survive and become real working currencies. The more made the more a change a fittest one will be made that survives

diluting the market is dumb and ALREADY caused massive price drops..
i am soooo sick of hearing people around Crypto say this dumb crap.

and Free Market is used as an excuse to take kids lunch money and brag about Lambo's.. nothing more.
insisting you have the freedom to scam people with Ponzi schemes is silly nonsense !

what about JPC? does it also contribut to diluting the market? so why do you bring about it in your sig, by the way?

[anderl]

One general law, leading to the advancement of all organic beings, namely: multiply, vary, let the strongest live and the weakest die. With these words Charles Darwin taught us how the fittest will survive in nature, and we have eventually learned that it works the same way with companies in a free market.

Good luck with that random selection theory meatbag.  It was nice knowing ya....

[coinerer]

From one of the endless similar topic.

Governments don't like anything that they don't have control over and cryptocurrencies are totally opposite of that . So with time there may be wider adoption of crypto but banks are gonna stay as such.

You are naive if you don't think every coins, or almost every coins are controlled by few biggest owner of particular coin.

No freedom when money talks, or when coins talk.

[libivan]

Another interesting article on the subject:

http://www.coindesk.com/need-altcoins-can-get/

Why We Need All The Altcoins We Can Get

Danny Bradbury (@dannybradbury) | Published on August 9, 2014 at 10:45 BST   

Did you know that more than one altcoin is launched per day, on average? Website Altcoin Calendar keeps a running total: one day this week we’d had linkcoin, onyxcoin (version 2, no less), xryptbit, and limicoin. The day before that, we saw the birth of bizcoin, shopcoin x, filebit, and, predictably given the political situation, palestinecoin.

The obvious temptation is to say that there are too many of them. After all, the cryptocurrency markets are littered with crummy coins that add little technical merit to the coins that they cloned, and which have no clear goal or community backing.

Sometimes they’re launched by enthusiasts from their basements, with good hearts but no idea how to execute. Sometimes they’re ‘flashcoins’, launched by smart fraudsters, intent on pumping and dumping for a fast buck. Either way, many altcoins are like the fast food of crypto. They’re no good for you. You’ll buy them, and receive no value. And half an hour after you’ve bought in, you’ll want another one.

Some altcoins may offer returns, but they’re like penny stocks: highly volatile, and difficult to predict. That makes investment difficult, especially when they’re entirely unregulated.

However, this still doesn’t mean that there are too many coins. In fact, we need them all.

(...)

[CripLib]

I'm not sure I agree with this...

http://www.coindesk.com/need-altcoins-can-get/

I don't see a problem really with shitcoins apart from the PR one - the worthy coins get tarnished with the crap. But crypto is evolution in a crucible, both for the tech and for the 'investors'   

Pop into certain other coin threads here and you'll see that there are fools lining up to have their money taken from them, they can't get enough of empty promises, snippets of fake IRC dev chat, and silly diagrams.

While idiots continue to buy obvious garbage, scammers will keep profiting from them.

I have started a thread on this subject and also wrote a blog post, because I have noticed that there's a "witch hunt" against altcoins starting in BTCtalk (e.g. here and here).

It makes no sense, IMO, that some of the BTC people are so against altcoins. For example, if you talk about Darkcoin in other threads some bitcoiners start insulting you out of nothing! But to my surprise, some of these aggressive anti-altcoin bitcoiners are quite pro-LTC why is that?

There are scammers everywhere, unfortunatelly, but some people use the scammers as the excuse to try to start a nazi fight against the altcoins... and I don't doubt that these same people's real intention is to fight against cryptocurrencies in a whole (BTC included).

BTW, I tend to abhor the stupid dictatorial arrogance shown by some intolerant (dishonest?) people... I prefer better open discussion propositions for the community like this one, or this one, for example.