Altworld is Dead!

[PhattyBanks]

Someone should put together a timeline of all the shitty things that happened to alts this past year and as the trading volume declined after each shitty thing/scam. I think that the turning point was the VRC hack on mintpal, then that one week where there was like 3 scam coins 3 days in a row listed on trex where nearly all investors lost 100% then then moohla/mintgox take over and now the XC dev dumps the premine gets exposed as a fraud/shitcoin coin cloner working hand in hand with pump n dumps groups and here we are today.

[pissedoff]

Altcoin need trust.

Bitcoin, litecoin and peercoin are established trusted coins. Even dogecoin  can be considered trusted.

+90% of altcoins are pure pump-and dump shit.

That's the problem Litecoin & Bitcoin were done professionally and not pump & dump most coins these days are exactly the opposite.

[venlo]

Someone should put together a timeline of all the shitty things that happened to alts this past year and as the trading volume declined after each shitty thing/scam. I think that the turning point was the VRC hack on mintpal, then that one week where there was like 3 scam coins 3 days in a row listed on trex where nearly all investors lost 100% then then moohla/mintgox take over and now the XC dev dumps the premine gets exposed as a fraud/shitcoin coin cloner working hand in hand with pump n dumps groups and here we are today.

don't forget coinex. That was ugly too.

[biggus dickus]

Altcoin need trust.

Bitcoin, litecoin and peercoin are established trusted coins. Even dogecoin  can be considered trusted.

+90% of altcoins are pure pump-and dump shit.

That's the problem Litecoin & Bitcoin were done professionally and not pump & dump most coins these days are exactly the opposite.

A dev said check if a coin has a testnet before investing in it. He said most pump & dump coins don't bother testing their network on a testnet before launch, but professionally created coins do. I have noticed lots of pump & dump coin's networks stop working after a month or two.

[Spoetnik]

What? Litecoin doesn't have an inflation O_o.

sure it does.

blockreward 50
block in 24h: around 550
new coins a day: 27500 (=cost of running the network. Currently 98k$ every day)
27500 * 365 = 10.037.500 new litecoins a year
Current coins in circulation: 33,5 million

10 million is roughly 30% of 30 million

so litecoins value is diluted by that number a year until at halving that comes down to 15% inflation next year which is crazy.

Bitcoin inflates with 10% right now wich is also crazy and the reason it doesn't take off.

I personally am a strong believer in fair, low inflation altcoins which litecoin is not one of (ltc is fair start but high inflation which makes it in turn quite unfair for investors. With litecoin the miners make the gains right now. And maybe not even those since they dump their own source of income down constantly, they have to, that's how it is constructed)  
High inflation is full blown nonsense in crypto and has a scammy nature to it, too. But at least it is fully transparent  

Ahh ok, a bit of context helped. I do agree that in slice of time it is inflationary. But as a whole Litecoin and Bitcoin are not due to the hard coin caps of 84 mil and 21 mil respectively.

Litecoin was the original scam - there were GPU miners for it before it came out, and it called itself a CPU coin to draw in old BTC CPU miners, while the small number of GPUs raped it. Same shit, different toilet.

I'm amazed that you personally would say this considering I thought you are a Litecoin supporter. There were rumors of GPU miners but no one provided any evidence. I think this came out as a way to discredit Litecoin and I find it really hard to believe (unless you have evidence).

Litecoin was the original scam - there were GPU miners for it before it came out, and it called itself a CPU coin to draw in old BTC CPU miners, while the small number of GPUs raped it. Same shit, different toilet.

Yep ! This is why the founder of Litecoin dumped it when it was 50$. He even said that it was to overpriced.

Well no, you kind of twisted his words. He dumped the majority of his holdings at $2 because he wouldnt have imagine it becoming as successful as it has.





Just when I was thinking to myself "man, I havent seen anyone trolling Litecoin recently because first monero and now Blocknet". rofl  

ya poor Monero and Blocknet are getting Trolled on boo hoo... your brilliant  

There were rumors of GPU miners but no one provided any evidence.

[sgk]

of course. 95% of coins are greedy and unclean.

The altcoins i found to be clean or reasonably clean (no premine, no scam, open source, good history, active community, legit crypto and no doubts about it) in Top 100 are:

-Litecoin
-Megacoin
-Unobtanium
-Namecoin
-Peercoin
-Primecoin
-Feathercoin
-Dogecoin
-Reddcoin
-Vertcoin
-Bitmark

i think those are the ones that will survive for longer time. Possible i forgot a hand full of coins. The list is my personal conclusion based on own research. Others may disagree.
The majority especially the greed/ripoff/unfair-coins will have a hard time. It is no problem for me since i was investing in ethical coins only all the time.
All this shenangians we see currently is not of interest to me and won't affect the legit coins i am holding. In fact the legit coins will benefit from it.

You might want to get a lot of them off the list.

Check this out:
http://www.devtome.com/doku.php?id=a_massive_investigation_of_instamines_and_fastmines_for_the_top_alt_coins

[Turnkey]

The true market forces will weed out the scams and shitcoins. It might take years, but we will see a legit crypto market in a few years. True free market always does this.

[TheMage]

ya poor Monero and Blocknet are getting Trolled on boo hoo... your brilliant 

There were rumors of GPU miners but no one provided any evidence.

lol? Not sure what this means (the trolling comment).


And yes, like I said there were rumors but no one ever had any evidence. The only thing I can think of as a reference was the hype leading up to the launch of Litecoin and how many people joined in the launch (mining).

[Spoetnik]

ya poor Monero and Blocknet are getting Trolled on boo hoo... your brilliant 

There were rumors of GPU miners but no one provided any evidence.

lol? Not sure what this means (the trolling comment).


And yes, like I said there were rumors but no one ever had any evidence. The only thing I can think of as a reference was the hype leading up to the launch of Litecoin and how many people joined in the launch (mining).

woooow go read what i quoted you saying and specifically the part i underlined and highlighted YOU SAYING

[YoyodyneSystems]

It's not dead. It's in pupa form now.

[cassius69]

if altcoins are dead why are we all still here? 

[TiberiuC]

More like in a coma. Maybe they'll gain independence from BTC...
BTSX,NXT and BC looking good right now but also still believe in BTM and VIA.

[infazan]

just not buy ico scam and save your money - https://bitcointalk.org/index.php?topic=844383.msg9422771#msg9422771

[infazan]

The idea of ​​the crypto coins that they were uniformly distributed among investors and not in one hand scam dev !!!

[infazan]

idiot - without pump group price will not rise

[infazan]

when the pump group accumulate coins she risks with their money. ICO scam dev not risks!. He it just gets a free people's money without any risk!

[erre]

idiot - without pump group price will not rise

the only ones who profit from this pumps groups are the ones who charge the fee to enter.. you scumbag without brain.. and when your "pump" finish and dump the coins and make people to lose money, you are scamming as much as any scammer dev..

dont be butthurt only cause they are smarter than you making more money than you.

Imho, pump groups are a scam. You pay the .5 fee, you got nothing

[infazan]

idiot - without pump group price will not rise

the only ones who profit from this pumps groups are the ones who charge the fee to enter.. you scumbag without brain.. and when your "pump" finish and dump the coins and make people to lose money, you are scamming as much as any scammer dev..

dont be butthurt only cause they are smarter than you making more money than you.

you idiot! litecoin and bitcoin were also inflated pump by stupid news! and people believe it!

[infazan]

what risks when selling its developer he scam coin? he risks nothing at all - just easy money defrauded people

[infazan]

I'm not saying that the pump group is that it is correct. In fact, all of the coins are controlled by a pump group or some man. Here is a list of puppeteers - https://bitcointalk.org/index.php?topic=830072.0  But at least they risk their money! And what risks fraudster developer with the aid of the ICO? Nothing! you're just an idiot and do not understand what I write - you threw out of the window into the street and die on the ground