The Serious Altcoin Discussion/News Thread - No FUD, Shilling or Trolling.

[DiamondCardz]

The Alternate cryptocurrencies forum is a mess. Anyone who denies that is an idiot, but at least we can try and get some resemblance of a serious discussion thread. I really admire rpietila's Altcoin Observer and I don't see why this can't be applied to a thread for general Altcoin Discussion and News, rather than just the market/prices. The Altcoin Observer does contain some general discussion about Altcoins but as a whole I feel like it is more of an overview on what to invest in rather than a global Altcoin discussion. It also does obviously contain some level of bias due to that (which is good for that thread due to it's subject, obviously, but would not be good in this thread if I showed bias).

This thread will be a project to see if we can get some quality Altcoin discussion going. Here are some examples of what could be posted:

• Overview of technology offered by an Altcoin - is it good, bad, unique, or a copycat?
• Price predictions (on a lesser scale than the Altcoin Observer, and also with no shill spam such as "DOGE GOING TO THE MOON!!!!". All predictions need evidence)
• Updates to an altcoin (may only be posted ONCE. A repeated post which only says "this altcoin just got this" a second time will be deleted. A repeat post must have a detailed overview of what it means).
• Recent major issues that arose with an altcoin (premine discovered, bounty fund dumped, etc. Must have 100% positive evidence or it will be deleted. No FUDing with some crap evidence you found on a FUD thread).

Here are my rules, too.

• If I delete something it was for a good reason. Whining about it will result in a thread ban. Posting past a thread ban on a self-moderated thread can get you banned from the forums. Need proof? This is a PM I had from a global mod:
  

  [...] if you have a self moderated thread, and someone continues to post after you delete their comments repeatedly, you may verbally tell them that they are no longer allowed to post in your thread, if you tell them and they continue, they will be banned. [...]
  

• No FUDing (Fear, Uncertainty and Doubt). This means posting insults or bad things about an Altcoin without 100% amazing proof that can not really be disputed. Saying something like "x coin is going to crash, SELL SELL SELL" is FUD and will be deleted on sight.
• No shilling. This means hyping a coin with no hard evidence behind it (see above), sometimes while insulting coins that are "rivals" to the coin you are hyping. Sure, if something really great happened to the coin, like you donated a few thousand dollars to a charity, post it. But only with undeniable proof. Else it will be deleted on sight. And like I said above, only once, after that if you're going to continue talking about what happened to x coin you need to give an overview on what it now means for the coin.
• No trolling. This covers anything which is just there to piss people off, insult people, etc. Instant thread ban.
• I don't care what your signature says. It's the substance in your post that matters.
• If you're going to quote a large post (>=300 words) then you need to cut out some parts to reduce it to under 300 words. Use [...] to show where you cut out parts of the text.
• I may add any rules to this at any time and I reserve the right to delete posts or thread ban for any reason at any time too.

I will try to stay mostly out of discussions on this thread, but I may chip in on things such as new technology offered by an Altcoin every once in a while. For the most part, if I do have views (like/dislike) for an Altcoin, they will be kept out of this thread.

If I delete your post 3 times in a 2 week period, you'll be thread banned. I'll keep track. Let's see how this goes, eh?

[dawj20]

i'm sorry about this picture but you said :

"Serious Altcoin Discussion"

on bitcointalk.org

...

It begins. 

You must like to stay busy, DiamondCardz. Good luck.

[DiamondCardz]

i'm sorry about this picture but you said :

"Serious Altcoin Discussion"

on bitcointalk.org

...

It begins. 

You must like to stay busy, DiamondCardz. Good luck.

I guess he just couldn't help himself, eh? We will see how it goes.

[digitalindustry]

I will support this of course, reserve this spot.

[gatra]

Overview of technology offered by an Altcoin - is it good, bad, unique, or a copycat?

Ok, I'll take the opportunity to point everyone to Riecoin. riecoin.org - https://bitcointalk.org/index.php?topic=446703.0
It's unique technology is good: it solves the problems primecoin has with pooled mining and works on a more interesting math problem.
We have stratum pool server and minig code and are looking for more pools.

[BitcoinEXpress]

The general consensus as stated several times by Theymos and the rest of the global mods is that you should take it a step further by establishing your forum.

A great first start though.


~BCX~

[DiamondCardz]

The general consensus as stated several times by Theymos and the rest of the global mods is that you should take it a step further by establishing your forum.

A great first start though.


~BCX~

I would, but previous experience and observance shows me that everyone says they want an altcoin forum, but when one shows up, they just ignore it. Those early adopters have to come from somewhere. The same thing happened when I made an alternate bitcoin forum (which eventually shut down, it actually still has some hosting, it's just un-used).

[rabbiter]

My personal frustration that has seriously made me wonder if ai want to be involved in alt coins anymore is the case of Qora. A complete new code that has shown itself to be superior to NXT technically on many levels is completely overlooked because it's marketing is completely lacking. I personally am not technical so you have to go research to know in detail why, I want to put more substance but I'm working secondhand from others I respect. Anyway, I've come to the conclusion that marketing is all that matters and anticipation and convincing of some future time a coin is valuable.

Newsflash, Bitcoin is the only coin that is going to be accepted in the mainstream we are just developing the system that people will use to hold a bitcoin and other assets. Can you imagine as the mainstream gets familiar with Bitcoin then they are told about even the quality coins like Darkcoin and Litecoin, people will just say this is all a joke we can't put our money in this. But people don't care about reality they want to believe in yet another dumb coin with dumb promises.


All I want is a wallet that in a user friendly way can hold my assets, ie Bitcoin, Fiat, precious metals and maybe a few other exotic assets. A bunch of second gen coins can do this now, we don't need any more, it's like having a hundred Facebooks to choose from.

[rdnkjdi]

My personal frustration that has seriously made me wonder if ai want to be involved in alt coins anymore is the case of Qora. A complete new code that has shown itself to be superior to NXT technically on many levels is completely overlooked because it's marketing is completely lacking. I personally am not technical so you have to go research to know in detail why, I want to put more substance but I'm working secondhand from others I respect. Anyway, I've come to the conclusion that marketing is all that matters and anticipation and convincing of some future time a coin is valuable.

Newsflash, Bitcoin is the only coin that is going to be accepted in the mainstream we are just developing the system that people will use to hold a bitcoin and other assets. Can you imagine as the mainstream gets familiar with Bitcoin then they are told about even the quality coins like Darkcoin and Litecoin, people will just say this is all a joke we can't put our money in this. But people don't care about reality they want to believe in yet another dumb coin with dumb promises.


All I want is a wallet that in a user friendly way can hold my assets, ie Bitcoin, Fiat, precious metals and maybe a few other exotic assets. A bunch of second gen coins can do this now, we don't need any more, it's like having a hundred Facebooks to choose from.

I think the real issue with Alts is that people view features as the new way to get rich like the early bitcoiners did.  The problem is that the rise creates wealth seekers and if/when the coin isn't successful they all lose their money.  Or people just interested in using it for it's features lose money.  It's more like creating a penny stock with a prospectus that is probably overtly misleading (the ones that are short term successful usually are anyway) in order to sell it to shareholders.

Then the dumpers move on to something that's next.  The altcoin scene is much more like stocks trying to sell you on bitcoins future when absolutely no coin has bitcoins future.  Bitcoin already solved the problem and jumping to a new currency renders an old currency worthless.  And the entire system isn't sustainable.  The champions for alt coins are more people who are refining their art of jumping out of pennystockcoins at the peak of the hype.  They thrive and survive off of the insanity that renders all alts useless for long term adoption.

That said I do believe there is room for one anon coin and a smart blockchain.  Now that bitcoin is mainstream and the gov is paying attention to the blockchain.  Many of bitcoins original uses will continue to be threatened.

I also believe that smart coin & anon coin winner will push litecoin out over the next year.  There won't be enough room for it.  I'm not sure who the anon & smart blockchain winner will be yet ...

[rabbiter]

Soon any coin will be anonymous of they want it. It will be a given that a coin is anonymous.


I still see a battle among 'systems' rather than 'coins'. It will all come down to market share once crypto goes mainstream. One person might use to NXT to hold their assets and another might use NEM or Qora. They won't compete because they will ultimately do the same things. But the Black Swan that no one is talking about is if a big name walks into crypto later. It's game over if Apple or Google produce a wallet that can hold digital assets. I believe it's inevitable. Hopefully not though cause they would not let go of centralised access if they can, maybe even convincing people it's not safe if they cant access the blockchain.

[DiamondCardz]

My personal frustration that has seriously made me wonder if ai want to be involved in alt coins anymore is the case of Qora. A complete new code that has shown itself to be superior to NXT technically on many levels is completely overlooked because it's marketing is completely lacking. I personally am not technical so you have to go research to know in detail why, I want to put more substance but I'm working secondhand from others I respect. Anyway, I've come to the conclusion that marketing is all that matters and anticipation and convincing of some future time a coin is valuable.

Newsflash, Bitcoin is the only coin that is going to be accepted in the mainstream we are just developing the system that people will use to hold a bitcoin and other assets. Can you imagine as the mainstream gets familiar with Bitcoin then they are told about even the quality coins like Darkcoin and Litecoin, people will just say this is all a joke we can't put our money in this. But people don't care about reality they want to believe in yet another dumb coin with dumb promises.


All I want is a wallet that in a user friendly way can hold my assets, ie Bitcoin, Fiat, precious metals and maybe a few other exotic assets. A bunch of second gen coins can do this now, we don't need any more, it's like having a hundred Facebooks to choose from.

I think the real issue with Alts is that people view features as the new way to get rich like the early bitcoiners did.

This point is something I really agree with. People will be people and if they see a possible way to get rich they will take it. That's partially why Altcoin IPO scams are so successful in conning people out of their hard earned BTC.

[Nxtblg]

Soon any coin will be anonymous of they want it. It will be a given that a coin is anonymous.


I still see a battle among 'systems' rather than 'coins'. It will all come down to market share once crypto goes mainstream. One person might use to NXT to hold their assets and another might use NEM or Qora. They won't compete because they will ultimately do the same things. But the Black Swan that no one is talking about is if a big name walks into crypto later. It's game over if Apple or Google produce a wallet that can hold digital assets. I believe it's inevitable. Hopefully not though cause they would not let go of centralised access if they can, maybe even convincing people it's not safe if they cant access the blockchain.

That's a risk I used to worry about near the end of last year - but I expected a big fiat bank to dive in. Silly me...

[nakaone]

Soon any coin will be anonymous of they want it. It will be a given that a coin is anonymous.


I still see a battle among 'systems' rather than 'coins'. It will all come down to market share once crypto goes mainstream. One person might use to NXT to hold their assets and another might use NEM or Qora. They won't compete because they will ultimately do the same things. But the Black Swan that no one is talking about is if a big name walks into crypto later. It's game over if Apple or Google produce a wallet that can hold digital assets. I believe it's inevitable. Hopefully not though cause they would not let go of centralised access if they can, maybe even convincing people it's not safe if they cant access the blockchain.

That's a risk I used to worry about near the end of last year - but I expected a big fiat bank to dive in. Silly me...

if bytemasters dpos holds what it promises it will be a minimal step for big players to clone this system, probably even with the promise to back it.


despites dpos, can we get a serious discussion on btsx?

questions:
I see a huge potential in using a crypto as a collateral - am I the only one ?
could a lending into existence; and use btc as collateral be implemented into btc?
what is your biggest concern regarding the pegging mechanism of btsx? Mine is not the black swan (it is obviously not a black swan - it is much more "probable") event; it is much more the incentive for the ask side to create BitUsd...
Are there other "historical" tries to create a peeging mechanism to lend something into existence in the altcoin history?


 

[DiamondCardz]

Soon any coin will be anonymous of they want it. It will be a given that a coin is anonymous.


I still see a battle among 'systems' rather than 'coins'. It will all come down to market share once crypto goes mainstream. One person might use to NXT to hold their assets and another might use NEM or Qora. They won't compete because they will ultimately do the same things. But the Black Swan that no one is talking about is if a big name walks into crypto later. It's game over if Apple or Google produce a wallet that can hold digital assets. I believe it's inevitable. Hopefully not though cause they would not let go of centralised access if they can, maybe even convincing people it's not safe if they cant access the blockchain.

That's a risk I used to worry about near the end of last year - but I expected a big fiat bank to dive in. Silly me...

I think it is inevitable that a very large name will eventually get into crypto. However, that doesn't spell centralization and the destruction of everything that crypto stands for.

[digitalindustry]

The general consensus as stated several times by Theymos and the rest of the global mods is that you should take it a step further by establishing your forum.

A great first start though.


~BCX~

I would, but previous experience and observance shows me that everyone says they want an altcoin forum, but when one shows up, they just ignore it. Those early adopters have to come from somewhere. The same thing happened when I made an alternate bitcoin forum (which eventually shut down, it actually still has some hosting, it's just un-used).

I think you have rather got it around the wrong way - :

- There are not that many people in the crypto market and lots of puppet account.

- Other forums are already successful Reddit has taken up some slack, our own forum had a bunch of real people there for a time but its about demographics. 

- some people want to troll a forum most others would rather use Twitter or other useful type media.


however this forum is still useful to see what the latest scam or meme is, also as developers still think its real they come here and release useful stuff, I guess that's what your topic is about correct?

[rabbiter]

Soon any coin will be anonymous of they want it. It will be a given that a coin is anonymous.


I still see a battle among 'systems' rather than 'coins'. It will all come down to market share once crypto goes mainstream. One person might use to NXT to hold their assets and another might use NEM or Qora. They won't compete because they will ultimately do the same things. But the Black Swan that no one is talking about is if a big name walks into crypto later. It's game over if Apple or Google produce a wallet that can hold digital assets. I believe it's inevitable. Hopefully not though cause they would not let go of centralised access if they can, maybe even convincing people it's not safe if they cant access the blockchain.

That's a risk I used to worry about near the end of last year - but I expected a big fiat bank to dive in. Silly me...

Etherum?

[Nxtblg]

I think it is inevitable that a very large name will eventually get into crypto. However, that doesn't spell centralization and the destruction of everything that crypto stands for.

True...a fiat bank may find that they've take in the proverbial Trojan Horse. But maybe my worries are needless. Any big organization will most likely move at Etherium speed, if not slower. Things move very quickly around here, and that's enough to make a prudent old-fashioned kind of senior manager downcheck the idea. "What if these guys are already ahead of us once we're ready to go? Wouldn't that mean that all the tme and shareholders' money we sunk into this gizmo would have to be written off?"

[BohemianStalker]

My personal frustration that has seriously made me wonder if ai want to be involved in alt coins anymore is the case of Qora. A complete new code that has shown itself to be superior to NXT technically on many levels is completely overlooked because it's marketing is completely lacking. I personally am not technical so you have to go research to know in detail why, I want to put more substance but I'm working secondhand from others I respect. Anyway, I've come to the conclusion that marketing is all that matters and anticipation and convincing of some future time a coin is valuable.

Newsflash, Bitcoin is the only coin that is going to be accepted in the mainstream we are just developing the system that people will use to hold a bitcoin and other assets. Can you imagine as the mainstream gets familiar with Bitcoin then they are told about even the quality coins like Darkcoin and Litecoin, people will just say this is all a joke we can't put our money in this. But people don't care about reality they want to believe in yet another dumb coin with dumb promises.


All I want is a wallet that in a user friendly way can hold my assets, ie Bitcoin, Fiat, precious metals and maybe a few other exotic assets. A bunch of second gen coins can do this now, we don't need any more, it's like having a hundred Facebooks to choose from.

I think the real issue with Alts is that people view features as the new way to get rich like the early bitcoiners did.

This point is something I really agree with. People will be people and if they see a possible way to get rich they will take it. That's partially why Altcoin IPO scams are so successful in conning people out of their hard earned BTC.

Not hard earned but stepped on by a chance. Bitcoin is a fenomena that made lot of stupid people really rich. So they just go and spend their bitcoins like they have no fiat value (they don't see the connection).

[ios511]

In my opinion altcoin needs more inovations like NXT or BTS.Never play altcoin like dump and pump game.

[DiamondCardz]

A lot of people are spending BTC they bought just recently or acquired through jobs, etc. The early adopter slice is much smaller than you think.