Post
Topic
Board Altcoin Discussion
Re: Alt Coin Scams - Quark, Dogecoin etc.
by
Francisdoge
on 29/12/2013, 01:01:37 UTC
Hi BitcoinTalk,

I'm new to Bitcointalk but not new to cryptocurrency so I wanted to point out a couple of observations Ive made regarding alt coins.

Floating point numbers in modern computers can go up to 2^53 or aprox 9.0x10^15 units... after this point the numerical system goes haywire (google it).

Bitcoin is 2.1 x 10^15 units, at 21,000,000 bitcoins divisible to 0.00000001 and Litecoin has 8.4x10^15 units (which is uncoincidentally close to the above mentioned limit)

In simple terms therefore DO NOT put money into any coin with more than 90,000,000 coins divisible to 8 decimal places (Quark, Dogecoin etc) unless you are a speculator playing the pump n dump market well as by definition its dead in the water.

 

Care to elaborate more on this topic ?

Why can't such coins reach the top of the foodchain in cryptocurrencies ?

I'm genuinely interested in the explanation. Quark seems to be holding quite nicely and according to you it shouldn't.