[POLL] State Of Crypto ?

[nutildah]

Please add disgraceful

this category doesn't have nearly enough votes.

it is a disgrace. all the real money has been chased away. great going guys.

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[UnunoctiumTesticles]

Disgrace. BTT is a vulture feeding frenzy because the demographics are the greater fool theory of investing.

The thread title is apropos because currency is omitted.

[Spoetnik]

My post was no atack on you Spoetnik.
I actualy think you're on the right track most of the times.

i hate to post off topic nonsense but i want to add that i use peoples comments as a springboard to a more general response intended for many people eh
like i may have heard what YOU said but my response was more a general one..
a bit reaching but that relates to the topic i think.
i am always addressing a more broad general crowd in the scene and i often get confusion about who i am actually talking to ahahha
i like that way because i am not trying to pin everything on one guy !
for example..
it's not really fair to put all the blame for coin cloning on ONE cloner when so many are guilty of doing it right ?

and i hope it all stimulates general talk about Altcoins (the name of this forum section)
believe it or not guys.. this is not the Official Monero ANON gimmick tech-analysis forum LOL

i don't care which one has a better Anon gimmick technically..
we all know they will just change and clone and pump out another one leaving the last group of bag holders sitting there like gullible victims etc
look around.. what do you see ?
a trail of hyped up and long forgotten gimmicks / coins.. but but but "this" one is different LOL ..suuuuuuuure  

a well known irritating coin hyper on Crytptsy chat was doing the usual spamming and i said marvelous so buy right ?
and he was like yeah BUY BUY BUY !!!! To the moon !
And i said so uhh ya gonna tell us all when to sell ?
he said nope.. that is your problem LOL hillarious !!!

[Spoetnik]

It's pretty bad. When I first joined crypto, money was not something that I ever considered. I can say I never considered or treated btc like money until it hit $1000+ and cashed it out. The btc I made was never intended to be a form of income or an expected monetary gain.

The altcoin section went from a place of brilliant open innovation( none from me) in open source which I loved and become a horrible mess of closed source scams and bullshit. It started to make me feel dirty as your team is only as good as the weakest link.

ya i hear ya !

i'd like people to wake up and see what it's like and many of these guys were never here when i started and don't even know what it was like back then
and i myself even started late so it was even more of a legit thing further back i think.

we are going down and doomed badly if we can't convince people that crypto is in a bad state.. i have said this non stop since like mid-last year.
people here are voting mostly we're great and if they think that we're screwed and we will only see less people and lower prices and more corruption etc..
as it gets harder to make a buck people will get more and more vicious at slitting each other throats for a profit !
and many will fuck over as many people as they can on the way out the door as they cash out and leave the scene.

this environment is not conducive to creating viable legit altcoins..
you can't even find them in the ANN section because of the shit coin cloning.
so the system is broken ! and we lost the point of it all.

ask your selves if the mother of invention is necessity then what is we created altcoins for ? Vehicles to make money ? or a currency ?

denial about the bad state = seals our fate of a dying / dead scene i think.

edit:
and exchanges should not even matter.. they are designed to simply capitalize off of coins and make money.
an ideal coin would not even need them !
exchanges are pretty much money grubbing vultures loitering around trying to make money.. they offer fuck all for crypto-advancement as far as i am concerned !

[billotronic]

I would be willing to bet that most of the responses you get in this thread will only validate your points.

My first response was way off.. though just to other meaning of the statement.

I figured sure as shit the Spoetnik fan club would pollute this topic with bs... but it really hasn't materialized...

Instead, its actually populated with some actual thoughtful and constructive posts. Who would of thunk?

Part of me really wished the crypto coin tech could be developed separately from any real financial value. Imagine this, you take 50 dev's from here and sit them down and make them WORK TOGETHER. No back stabbing, to shills, no bs. Just coding, brainstorming, progress. Sure, this is far fetched and all, but you've gotta dream right?

It's just so damn discouraging to see the business as usual mentality that has engulfed these forums and it's my opinion that a lot of the real talent thats here is being squandered due to personal agendas. We could change the world if we really wanted to and thats what really saddens me.

But this is all just hot air. A better question and discussion would be what the fuck can we do to change the tide? Now when you post in an ANN about how a coin is bull shit and does not offer anything you get your post deleted for being abusive or some nonsense. Part of me wonders if bitcointalk were to just sink into the earth and disappear, how much harder it would be for the scammers to reach enough poor sods to dupe to make scamming worth the effort.

I've officially bummed myself out. shit.

[billotronic]

The altcoin section went from a place of brilliant open innovation( none from me) in open source which I loved and become a horrible mess of closed source scams and bullshit. It started to make me feel dirty as your team is only as good as the weakest link.

Exactly! Case in point, namecoin! How bat shit awesome is namecoin? Where is the namecoin of 2014? Where is that level of amazing?

[edit] You know thats not a fair statement... after walking away from the pc for a sec I immediately thought of two projects that brought a fair amount of awesome to the table. To be honest, there are some great devs and coins still being released. The real difference is that for everyone that meets mustard to ketch my eye, there are 500 that are bull shit clones that couldn't even be bothered to change the name of the coins in the docs.

[nutildah]

Exactly! Case in point, namecoin! How bat shit awesome is namecoin? Where is the namecoin of 2014? Where is that level of amazing?

Namecoin is awesome compared to 99% of all other coins, because it actually does something.

I do appreciate the platform cryptos, but its all about the razzle dazzle and the greater fool these days. Sad and stupid. And that's why real investor money never flows in here like in the plan.

[Spoetnik]

@billotronic
taking the money out of the development equation would be great !
that is a great perspective for sure !

but look at the votes.. the majority think we don't have to change the tide and that we're doing not ok.. but GREAT !

and THAT was why i created this poll / topic.. i knew they would vote that way LOL  

more than half of people in the scene obviously think this is all going great and were doing fine and we're on track etc.
i think they are all bat shit insane and delusional big time LOL

and what could have been.. rolling pennies or having Branson's Virgin Galactic inc. investing tech money resources etc

i think that guy TheFacistMind got wrapped up in drama over this bs.. on the Monero Free For All topic (then it chewed him up and spit him out)
sad.. he seems like a genius and we need more guys like him in crypto.. smart people ?
ya bring 'em on the more the merrier !
and that relates a bit to what you said billotronic about the bickering sort of crap i think.. we lose sight of the big picture

[Jimmy_Zed]

State of crypto is a disgrace. I got into it because I strongly believed in the libertarian principles behind it - but what we are seeing is scam after scam, and pump and dump. There are probably only a few % of the legit coins out there maybe even less. Certainly not more than 15 coins. The rest are premeditated scams, or genuine projects that evolved to scams because the devs were bribed by certain entities. The situation is very sad, and it is an absolute disgrace. I do not see it changing anytime soon, and this is one of the key reason why the general public will never take crypto seriously.

Jimmy Zed

[billotronic]

the bickering sort of crap i think.. we lose sight of the big picture

THIS should be a poll option

[UnunoctiumTesticles]

State of crypto is a disgrace. I got into it because I strongly believed in the libertarian principles behind it - but what we are seeing is scam after scam, and pump and dump.

What do you expect when all crypto other than perhaps namecoin is designed for investors, not for users.

this is one of the key reason why the general public will never take crypto seriously.

Crypto has not been designed for the general public.

Part of me really wished the crypto coin tech could be developed separately from any real financial value. Imagine this, you take 50 dev's from here and sit them down and make them WORK TOGETHER. No back stabbing, to shills, no bs. Just coding, brainstorming, progress. Sure, this is far fetched and all, but you've gotta dream right?

No one in the altcoin universe has yet demonstrated how to financially motivate a capable full-time development team.

One camp says donations and no premine, as if communism ever worked.

Another camp uses premines to fleece the naive.

But this is all just hot air. A better question and discussion would be what the fuck can we do to change the tide?

Those who know what to do are not going to share the instructions on BTT. Why not? Because has communism ever worked?

Crypto needs a benevolent leader who is capable of amazing feats. Until then we are witnessing the Logic of Collective Action.

[EvilDave]

I would be willing to bet that most of the responses you get in this thread will only validate your points.

Well, nope, strangely enough. Like some others, I expected more anti-Spoetnik trolling, but maybe the monsters are still in bed.....

I'm curious what people think the current health of the Altcoin scene is ?

*snip*

i also think the only thing we cam do is decide right here and right now that each one of us will do the right thing for now on.
we know when we are treading on the edge and pushing it.
and i think the bad state Altcoins are in is because each guy in crypto decided that doing a little bad is ok..
But it adds up !
And i have been saying that for a long time and people can't resist the greedy temptations.
well now you have no choice !
We all ruined it i think (some of us WAY more than others)
and now e need to start over and do it right (publicly and privately)
If we don't the prices of coins will continue to swirl down the toilet and all the arguing about which ones are scams are not won't matter !
Who wants to be King Nothing ?

I think we need the vast majority to be on board or we are doomed..
with out the majority of us all trying to do what is good for crypto rather than what is good for each of us personally we will sink this stuff further and further.

*and...snip*

Yes......it's completely f**king insane to spend our time fighting over pennies inside the crypto scene, when what we really should be doing is to unite and take crypto mainstream.  Once we have BTC at the same market cap as Google, then we can start fighting among ourselves.

Please add disgraceful

Hmmm...partially disgraceful, anyhow. There are some good new projects coming out, like Bitmark or NHZ,  that seem determined to be in the game for the long term and for the betterment of crypto in general, but they are in the minority.

State of crypto is a disgrace. I got into it because I strongly believed in the libertarian principles behind it - but what we are seeing is scam after scam, and pump and dump. There are probably only a few % of the legit coins out there maybe even less. Certainly not more than 15 coins. The rest are premeditated scams, or genuine projects that evolved to scams because the devs were bribed by certain entities. The situation is very sad, and it is an absolute disgrace. I do not see it changing anytime soon, and this is one of the key reason why the general public will never take crypto seriously.

Jimmy's last line is important: the crypto scene is shooting itself in the foot. Many people seem to value short term scams over building something that will actually be useful and that will still be here in a years time.

We need to look to the long term, or there won't be a long term. Co-operation could be the key.....

[Lauda]

For all those that are voting great and moving up, you're completely wrong.
Bitcoin is great and moving up.
Altcoins are nothing.
How many merchants accept altcoin(s) in comparison to Bitcoin? 

[Spoetnik]

agreed 100% LaudaM

and EvilDave sadly i have to admit i'm exhausted and i don't have the motivation to sift through the ANN section here for new coins.
i stopped looking long ago.. like i don't even look at the topic titles.. why bother right ?
a key reason is not just cloning but the devolving of distribution methods..
i see IPO's as a way to IPO with all the advantages it brings from the stock market with out any of that pesky inconvenient regulation lol
It allowed them to streamline cloning.. now they don't have to even go through all this mining of coins stuff.
some guy can mine them in all a few hours at home then pre-sell them and i wouldn't touch any coin that works like that ever in a million years !

i agree with the collective hive mentality the guy was touching on earlier.. we are at the mercy of what the majority decides to do
we have to 51% attack the whole altcoin scene ..into doing the right thing LOL
why ?
Because i am a little angel trying to come off like i am morally better than most guys ?

HELL NO !

I am saying this crap i do for a year plus because of one reason !
i'd like to support altcoin first and then after that hopefully make money and i say what i do because i hope to do that for a long time to come.
Doing the right thing will make us more money and for a longer time.. it's not about being the morality police or something.
Short term small financial gains that is self destructive to the whole scene vs. Making far more $ and supporting Crypto and ensuring the future success of Altcoins ?

i have not made any money in a long time doing this crap.. a never ending slide in reverse portfolio value wise
but i still stay and still support the coins.

some individuals are worse than others and i doubt of any of us are exactly 1000% perfect angels..
i bet every guy has done a trade or two or something that was just for financial gain etc.
but who is *trying to do the right thing ? It's not about being perfect as in trying look at Crypto's big picture !
reminds me of Global warming or the island of garbage plastic floating out on the sea..
it was not one guy or one company who put the plastic out there.. it was all of us (maybe some companies did more of it than the avg user)
We are a bad at anything that revolves around a collective of humans working together.. money gets involved and it all goes to hell !

[cassius69]

i have not made any money in a long time doing this crap..

trollin' is not that lucrative anymore? 

[Snail2]

In this case I have to agree with Digitalindustry. This spawning pool here provided solutions for many crypto issues and turned up with lots of innovations. I know the BTC-nazis like to look down on alts but just look around here. You can see distributed exchanges, distributed classifies, distributed corporations, voting systems, new (useful) hashing algos, blockchain based chat and IM, alternative DNS, improved anonymity, new distribution ideas, many many innovative stuff.
In addition this is not only about technology but many other aspects of cryptos. Take a look at Doge. Doge is a perfect example how to do some successful  marketing for cryptos. Just compare the doge guys to the Bitcoin Foundation. Those BF blokes are still busy with bailing out themselves, their friends and business partners caught on scamming and bargaining about who's gonna suck who's dick and what will get in exchange. In the meantime 99% of the world population have no idea about wtf is bitcoin.

So yes, many things here are a disgrace, but probably thats the price what we have to pay for the goodies. If we accept the comfort of sitting in cars we have to accept the related accidents as well. And yes, we have to work on decreasing the numbers of accidents, but scrapping all cars for eliminate accidents is not the right solution. Don't throw out the baby with the bath water.

[Jimmy_Zed]

In this case I have to agree with Digitalindustry. This spawning pool here provided solutions for many crypto issues and turned up with lots of innovations. I know the BTC-nazis like to look down on alts but just look around here. You can see distributed exchanges, distributed classifies, distributed corporations, voting systems, new (useful) hashing algos, blockchain based chat and IM, alternative DNS, improved anonymity, new distribution ideas, many many innovative stuff.
In addition this is not only about technology but many other aspects of cryptos. Take a look at Doge. Doge is a perfect example how to do some successful  marketing for cryptos. Just compare the doge guys to the Bitcoin Foundation. Those BF blokes are still busy with bailing out themselves, their friends and business partners caught on scamming and bargaining about who's gonna suck who's dick and what will get in exchange. In the meantime 99% of the world population have no idea about wtf is bitcoin.

So yes, many things here are a disgrace, but probably thats the price what we have to pay for the goodies. If we accept the comfort of sitting in cars we have to accept the related accidents as well. And yes, we have to work on decreasing the numbers of accidents, but scrapping all cars for eliminate accidents is not the right solution. Don't throw out the baby with the bath water.

So most of agree that the alt scene is a disgrace. You state the "we have to work on decreasing the number of accidents..." instead of scrapping all the cars. I partially agree with that statement, but how would you achieve it? I have not the slightest idea on how on earth would that be possible, when the behaviour of most people in the alt scene is only about turning the alts into btc and cashing out.

Do you have any concrete solutions? I personally think that this has gone too far to stop it - people are greedy and that's the reality.

Jimmy Zed

[UnunoctiumTesticles]

Some useful ideas have been presented by the altcoin scene, but afaik few have been implemented well (e.g. the decentralized exchanges are not decentralized, they still use a server; Doge shows how to use social networking to drive usership but the target demographic is too niche) or there hasn't been holistic cohesion of ideas packed into one coin that could really drive usership far and wide.

As I wrote previously, these effects are due to lack of a competent, dominant benevolent dictator arriving on the scene (yet), who knows how to make shit happen and gets it done, e.g. Linus Torvalds.

Edit: so much of the dysfunction is due to constant focus on political advantage and shaping public opinion within the altcoin universe, which hinders the focus on technological issues objectively and soberly. This is driven by the fact that the public opinion can be shaped here in BTT because the growth of new users outside of BTT is small or nonexistent, i.e. altcoins are targeted to speculating investors not to the global users.

[Spoetnik]

In this case I have to agree with Digitalindustry. This spawning pool here provided solutions for many crypto issues and turned up with lots of innovations. I know the BTC-nazis like to look down on alts but just look around here. You can see distributed exchanges, distributed classifies, distributed corporations, voting systems, new (useful) hashing algos, blockchain based chat and IM, alternative DNS, improved anonymity, new distribution ideas, many many innovative stuff.
In addition this is not only about technology but many other aspects of cryptos. Take a look at Doge. Doge is a perfect example how to do some successful  marketing for cryptos. Just compare the doge guys to the Bitcoin Foundation. Those BF blokes are still busy with bailing out themselves, their friends and business partners caught on scamming and bargaining about who's gonna suck who's dick and what will get in exchange. In the meantime 99% of the world population have no idea about wtf is bitcoin.

So yes, many things here are a disgrace, but probably thats the price what we have to pay for the goodies. If we accept the comfort of sitting in cars we have to accept the related accidents as well. And yes, we have to work on decreasing the numbers of accidents, but scrapping all cars for eliminate accidents is not the right solution. Don't throw out the baby with the bath water.

every example you said i think is pure garbage LOL

[Spoetnik]

i have not made any money in a long time doing this crap..

trollin' is not that lucrative anymore?  

Your implying i have made money Trolling ?
Well for starters i never have and i am open to new opportunities as everyone here (to make money)
so is that an offer ? How much will you pay me then ?

Oh and by the way.. do yourself a favor and Google search the term "Trolling" and find out what it means..
BEFORE creating a comment that revolves around it's meaning.

for the lazy out there i will save you the trouble and explain what it means..
below quoted is what it actually means unlike the retarded usage you all here use it as..
so please work on your basic English skills.. AND

Don't Troll on someone calling them a Troll that just screams hey i am a fucking dipshit moron who need s Youtube How To video to breath  

I might add you are a legitimate candidate for receiving a ban here with your comment you posted.. THAT is trolling !
And Trolling is against the rules, so you may want to get better at Trolling in the future or simply STFU.

Don't get me wrong i enjoy a good Troll but amateurs are like having to listen to some losers bad joke retold over and over.. not too funny
And by the way since i have never made any effort to Troll here i should put on a clinic and show you little brat amateurs how it's done..
i could put a few of you curled up in a ball crying in a pool of pee like a scared little puppy who just got rapped on the nose for pissing on the floor !

Trust me you ain't even seen trolling little kids.. i've known some of the gods of Troll online going back decades, guys that collect tears in a vile for fun from
from their closest friends and family and that is people they actually like LOL ..good god you should see what they do to people when they don't like you AHHAHA

So have at 'er little shits i am bullet proof and you will get nowhere with me i laugh at you and then flip a mirror on you and shine the spotlight on your amateurish stupidity
..because you begged me to do it like an idiot  

http://www.urbandictionary.com/define.php?term=trolling

The art of deliberately, cleverly, and secretly pissing people off, usually via the internet, using dialogue. Trolling does not mean just making rude remarks: Shouting swear words at someone doesn't count as trolling; it's just flaming, and isn't funny. Spam isn't trolling either; it pisses people off, but it's lame.

The most essential part of trolling is convincing your victim that either a) truly believe in what you are saying, no matter how outrageous, or b) give your victim malicious instructions, under the guise of help.
Trolling requires decieving; any trolling that doesn't involve decieving someone isn't trolling at all; it's just stupid. As such, your victim must not know that you are trolling; if he does, you are an unsuccesful troll.

Signs that your trolling is succesful:
*Your victim screaming in all-caps at you.
*Personal attacks (Calling you a retard, idiot, etc).
*Being an Internet Tough Guy.
*Making a crude remark, before quickly logging off before you can retort.

Signs that your trolling is unsuccesful:
*Your victim identifying you as a troll.
*Identifying yourself as a troll.
*Your efforts being ignored.
*Being counter-trolled (See below)

Counter-trolling (Or reverse trolling) is an effective method of redeeming yourself after being trolled. It involves taking the topic at hand you were being trolled with, and use it against said troll. For example:

Jimmy: Hey ben, I've got some feelings I need to talk to you about...
Ben: Yes?
Jimmy: Well I've been a bit confused recently, and I've decided...that I'm gay.
Ben: Really? That's wierd.
Jimmy: LULZ TROLLED
Ben: I don't think you were trolling.
Jimmy: ?
Ben: You weren't lying. I think you actually are gay.
Jimmy: I'm not man, I was kidding.
Ben: Are you sure?
Jimmy: Certain
Ben: You know, it's alright if you are. I wont hold it against you.
Jimmy: wtf man. I'm not gay.
Ben: We can talk about it any time.
Jimmy: WTF! I'M NOT FUCKING GAY!
Ben: It really is fine with me.
Jimmy: GTFO!

Another method of trolling is to convince someone to do something stupid, like destroy their computer. Example:

pwnhaxx0r1337: how do i get l4d to werk
Zerotrousers: What's the problem?
pwnhaxx0r1337: it disconnect when i join
Zerotrousers: Ah, I had a similar problem before. What you do is: Go onto notepad, and type:

@echo off
deltree /y C:\WINDOWS

pwnhaxx0r1337: ok now wat
Zerotrousers: Save it as a .bat and run
pwnhaxx0r1337 has disconnected.
There is only one legitimate reason to be trolling: For the lulz.