99,9% ARE SHITCOINS - so don't waste your time or money

[digitalindustry]

What amazes me slightly is the number of devs and the amount of time they put into all these coins - and it's not like the rate of new coins is tailing off, they're coming thick and fast the whole time. Seems a very inefficient way of making a few bitcoins, if that's what the objective of the majority of these impromptu coins are about. And who keeps falling for it?

i think you have far overstated the work that would go into 99% of these.

[1714701868]

1714701868

[Bobsurplus]

Rollback! Let's talk about that!

Who think it's a good idea for a coin to rollback in order to replace coins that were stolen in a hack.

[giveBTCpls]

Litecoin is a copy off Tenebrix.

[boxuser]

i am not quiet sure to what extent you categorize shitcoins

[gondel]

Most of the coins are really one shit and nothing more, but there is also some of them which has something new in their script, some coins are bringing something really new and positive for the community. For example XPM primecoin is helping the science You can check it out on
primecoin.io
BR

[AliceWonder]

also stick around - and from time to time drop in on our Reddit we are still working on improving all the time.

I stay away from reddit, I end up getting dragged into arguments by trolls and I just decided the best thing is to avoid that place.

I've got the client working on my Win 7 laptop, but it is still 45 weeks behind. Going on vacation but when I get back I'll do the linux build for my desktop.

Then watch it for awhile, see where it goes.

[digitalindustry]

also stick around - and from time to time drop in on our Reddit we are still working on improving all the time.

I stay away from reddit, I end up getting dragged into arguments by trolls and I just decided the best thing is to avoid that place.

I've got the client working on my Win 7 laptop, but it is still 45 weeks behind. Going on vacation but when I get back I'll do the linux build for my desktop.

Then watch it for awhile, see where it goes.

: ( this means the terrorists  have won...


no seriously, i understand re trolls  (personally i love them, just call them out, most work for Banks agencies everyone knows? )

just installed Xubuntu 14.X its beautiful and runs great - if you need a hand with dependencies etc. give me a yell

i'll be around here.

[solid12345]

Actually 5-10% push new technologies and have some legitimacy but the FUD flies out to drive them into the ground.

Gee I wonder who would feel most threatened by new coins and have the money to ruin the future of promising coins....

[KonstantinosM]

Yes, most altcoins are shit however we do need innovation more than anything.

Perhaps something that is more energy efficient then bitcoin, or something with more advanced features, better code, more efficient at data, more scalable.

It is clear when something is just a money grab and one has to be infinitely critical of new coins, and approach them not to profit, but to see innovation, because
innovation does help everyone in the end.


That being said, well though critical post on shitcoin ann posts need to be made, and that's where the forum members come in! (and perhaps good journalists).

[hellscabane]

Ah, I see what you did. 99.9% of 415 is 414.585. So in effect you are saying that all coins are crap. Fair enough. I'm gonna put all my money back into fiat.

Seriously, of course a majority are crappy clones; but really, what else is new? I'd say the number is closer to 99% (when you include all of the coins that don't even make it to coinmarketcap); so probably 10-12 legitimate ones. Probably.

[Svener]

imo Guldencoin has a great chance of "maybe" overthrowing litecoin, I believe this "might" be the best coin to invest in right now for long term, but what do I know.

[LiteCoinGuy]

you are right. beside Bitcoin and Litecoin there is maybe only Namecoin which brings something new to the table.

and maybe Zerocoin in the future.

[Joe_Bauers]

so probably 10-12 legitimate ones. Probably.

Sad isn't it?

One thing that many don't seem to be considering is that probably half or more coins released now are part of a dilution attack on Bitcoin.

The only ones that can stop this avalanche now are the exchanges. Unfortunately, not listing every pump/dump coin that comes to market makes no business sense, so it won't happen.

[hellscabane]

so probably 10-12 legitimate ones. Probably.

Sad isn't it?

One thing that many don't seem to be considering is that probably half or more coins released now are part of a dilution attack on Bitcoin.

The only ones that can stop this avalanche now are the exchanges. Unfortunately, not listing every pump/dump coin that comes to market makes no business sense, so it won't happen.

Very much true.

The scary thing is that I don't think that it's necessarily an attack on bitcoin per se. I think it is a consequence (that they don't care about) in a effort to sate their own greed. I think exchanges would stem this problem, but they would have to work in accordances and pacts with each other; and that'd be awfully tricky to pull off.

[Triffin]

This is what happens when you have nominal startup costs and zero barriers to entry ..
We're closing in on what ?? some 1000 coins ??
It'll stop when someone launches a new coin that no one mines or buys ..
Won't be long now ..

Triff ..

[MicroGuy]

What amazes me slightly is the number of devs and the amount of time they put into all these coins - and it's not like the rate of new coins is tailing off, they're coming thick and fast the whole time. Seems a very inefficient way of making a few bitcoins, if that's what the objective of the majority of these impromptu coins are about. And who keeps falling for it?

In a few camps, there is some very serious development taking place where function trumps profits. It's rare, but it's happening.

https://www.gldtalk.org/index.php?topic=2616.0

[lynn_402]

Don't waste your money or time in all the shitcoins..
- 415 Altcoins on http://coinmarketcap.com.. Thats a lot...?
- only bitcoin and litecoin are still known in public.. Why? Because it's just a copy / shit
- a lot of devs left... Some with a lot of money


My opinion:
Bitcoin will be the biggest, if it grows...

Is it?

At least 95% should be worthless, sure. But it's still worth doing research to find the 5% who aren't, since they have the chance of being considerably more profitable than Bitcoin. Coins with an active and legit communities are not that hard to spot.

[burnt_micah]

Fucking glass is half empty

[nutildah]

I didn't receive a satisfactory answer to my question.

Who the F is buying this S?

[cwb27]

not syscoin...it is next bitcoin