Quote from: mindtomatter on May 24, 2013, 06:09:41 AM

Quote from: Lebrick on May 24, 2013, 05:58:20 AM

Every single Alt-coin/Scam-coin/W.E.-coin now is a small step forward in helping us to learn about the bitcoin protocol better. Why do we have so many different smartphones on the market? they all do the same thing, text/call/web/smartphone stuff etc. Its all about competition and getting people to like this coin over that coin. Competition is what drives things forward.

In regards to it improving or having an advantage over bitcoin/litecoin it doesn't do any of those, as i said it helps us to understand the bitcoin protocol better. Even if the devs plans is just to pre-mine it and then dump it, if the community likes that particular coin then they will continue it on even after the dev has done a runner, an example is Gamecoin.

Buying it is like buying any other alt-coin really, your unsure if its gonna be worth something or not.

Quote from: Vikerus on May 24, 2013, 05:56:50 AM

I wouldn't worry about the dumps cause that is just the nature of what happens when there is high block reward in the beginning. The actual spread of the currency has to happen now. If someone wants to make money on GLDcoin the only way is to put in the work to create a back bone for it's value. Which means creating venues where GLDcoins are accepted. This could be something as simple as a payment system in a game where you buy in game currency for GLDcoins. Simple little things like this add up quickly because it spreads the user base around.

If you want to know what GLDcoin has over others. It's that if you provide the environment for it to grow the coin will hold its self up. The name is also very clever because gold is a timeless symbol for money. Meaning it's very easy for people of all ages accept "gold"coins over lets say... "feather"coins ect. As a legitimate token of value.

Well explained here too Grin

So, the problem with your analogy is that you can call any cell phone from any cell phone. Cryptocurrencies rely on the "network effect" in order to be effective, think of each alt-chain like a language - If nobody but you speaks the language, it's not very useful. If everybody speaks the language, it's incredibly useful. If everybody already speaks one language, and it's working fine for them, there is no reason to learn another language unless it offers some kind of tangible value over the one you're already using.

Telling me "Gold" is a good naming convention is, and being happy with that as it's only selling point is.... really odd.... In sales we call that a "marketing gimmick" - It doesn't actually mean anything, it isn't actually true, but it gives the impression of value where there is none by associating an unrelated product with something people associate value with.

I agree some alt-chains have the potential to teach us something about how Bitcoin works, but I don't see what coins like this do outside of try to sucker dumb money hoping for a price pop. As mentioned before, I know why Miners want to work with something like this - It takes little time, little effort, and has very large upside when it's getting more difficult to mine real chains. So want to try and explain this again with some actual reasons?

I applaud you for bring logic to the alt coin section. Just letting you know it wont get you very far here. Enter ........fud.....bashing......virus accusations.......... scam accusations..... LET"S TALK BITCOIN WAS PREMINED!!!!!!!!!!

EDIT: OH YA FORGOT BIG RED LETTERS ALL IN CAPS