Post
Topic
Board Altcoin Discussion
Re: Sustainable alternative to bitcoin
by
markm
on 08/12/2024, 12:54:18 UTC


Sad thing is that latest release crypto currency projects dont follow the initial idea behind crypto as such (to make people free from the broken fiat system). All the projects are hyped by paid influencers. Crypto has lost its spark. When I talk now with people and tell them lets create a simple crypto which will be mined by regular people (for which it was created) no one wants to help with it. But I still think that it might be worth it to try it. At the moment it is imposible for small regular people to participate in crypto world.


That is not true at all.

That you imagine it is so seems to me to indicate that you either lack the gumption to pick an under the radar coin to mine or are presently mining as many such coins as you have a CPU core each to mine and ae hoping by your post to discourage others to also throw a few cores at them since if someone else points a core at one you are successfully mining each and every block of all by yourself with just a single core they will double the difficulty and halve the number of coins your under the radar mining will gain you over however many months or years it manages to continue to stay off the radar.

Back when BBQcoin was first introduced for example it fell off the radar pretty quick but that led to almost a year or so I think of being able to mine it with just one core each for a few people until some greedy person with a GPU came along and blew its difficulty back up. Before the resurgent enthusiasm for it managed to get into back onto an exchange I sold off most of mine, going down as low as only 70 bitcoins per hundred thousand BBQcoins by the time an exchange listed it and promptly tanked the price. That was a DOGE-like coin before DOGE came along, maybe the first actual memecoin arguably.

I dumped it completely because as nothing but a memecoin I did not think it worth bothering with at that point but nowadays for anyone into memes in reality rather than just as a scam to take advantage of like some people participate knowingly in ponzis just to take advantage of them knowing full well they are ponzis BBQcoin might make sense being earlier even than DOGE thus presumably of historical significance.

Do you have the gumption to actually stick with a coin and build it?

Remember that as the minter aka miner who mines aka mints the IOUs known as coins it is really ultimately your responsibility to actually build a decent buy-side for it as if you the issuer of the IOUs don't value them nor honour them it doesn't really make any sense for anyone else to do so...


-MarkM-