Re: Several new coins a day, Bad for crypto ?
I think a little competition doesn't hurt anything. I don't think it will hurt bitcoin short-term. And if bitcoin goes, it's its time anyway. 
I'd look at which coins to mine based on how much they exchange for and how easy they are to mine. I mine XPM (primecoin) right now...
I'd look at which coins to mine based on how much they exchange for and how easy they are to mine. I mine XPM (primecoin) right now...Personally I think that the competition does not harm BTC itself. I believe that BTC has won in terms of predominance. If you ask me the new coins appearing every day spurn competition among the AltCoins and I do not think that, for example, LTC as "silver" is already carved in stone. I'm all for not taking yourself too seriously, but DOGE? Really?
Of course I jumped the bandwagon of DOGE miners after the positive media coverage but still...
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When a kind of evolution mechanism gives us a better digital currency, sure. But just having the same core and adjusting the parameters, no. What is happening now is just ridiculous, a big waste of time, energy, and money. But a thing as Mastercoin is much more exciting.
When a kind of evolution mechanism gives us a better digital currency, sure. But just having the same core and adjusting the parameters, no. What is happening now is just ridiculous, a big waste of time, energy, and money. But a thing as Mastercoin is much more exciting.
Exactly my point. As I said before if there is no added value then I am a little doubtful about what's going on right now. But as long as there are people willing to trade these newly-created coins there will be new coins
