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Showing 6 of 6 results by LordToby2000
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Board Beginners & Help
Re: Alt-Coins
by
LordToby2000
on 05/12/2013, 11:45:14 UTC
Almost all of the alt-coins are there are going to be a waste of time.  They're being created to take advantage of people who get super excited about different things and then get pumped and dumped.

Be careful about wasting time with too many alt coins.

tysat, if you believe they are pump and dumps, seriously who do you think is behind it?  mtgox?  the btc elites?  honestly, if someone is pumping and dumping in an organised way, as a means of screwing new investors then the entire alt community should hunt them down

Most Alt coins are completely pointless and just poor replicas of what's already out there with little to no improvement.

The second quotation explains why, very few actually do something new.  Most coins are just a slight tweak of BTC or LTC then a new name is given to it.






That's a fair point but surely there are some coins that offer something to compliment the emerging digital currency market.

In your opinion what ones might rise in value and why?
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Topic
Board Beginners & Help
Re: Alt-Coins
by
LordToby2000
on 04/12/2013, 14:30:56 UTC

 if Digital currency is to be adopted formally then there will undoubtedly be competition from other currencies.

Many of the Alt's will die but some offer real benefits to the Digital currency arena. What currencies look promising?
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Topic
Board Beginners & Help
Re: Alt-Coins
by
LordToby2000
on 04/12/2013, 13:00:26 UTC
Digital coin seems to be doing pretty well. i read a few articles today in big outlets that are thinking it has future value. what do people think?!
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Topic
Board Beginners & Help
Re: Alt-Coins
by
LordToby2000
on 04/12/2013, 12:35:41 UTC

What if Alt currencies don't disapear?! there are so many that have a real benefit to the Bit coin system.

 A lower Block time is one big positive. plus if Bitcoin does break the 2000 or much higher it will need complimentary currencies so that we aren't all dealing in 0.0000001 to buy a Bigmac. 



What benefit?
No , you can pay one sastoshi or one mBTC for a Bigmac, there a problem?


Most people are not so clued up on millionth decimal points and if Bit coin is meant to be accepted socially then that is clearly an issue for the average joe.

also there are 100's of currencies in the FX markets what makes Bitcoin so special other than a 1st mover advantage?!
Post
Topic
Board Beginners & Help
Re: Alt-Coins
by
LordToby2000
on 04/12/2013, 12:28:04 UTC
Hi I'm also new here and looking to get into mining. What is everyone's opinion about mining Stablecoins? Also, for stablecoins and scrypt is CPU mining any good?



CPU mining is a fairer game for all. IMO it makes much more sense.

stable coin looks good I have some of those but  Have you seen Digital coin? WSJ just wrote 2 pieces about how it might be the next big thing. im getting on it!  Grin
Post
Topic
Board Beginners & Help
Re: Alt-Coins
by
LordToby2000
on 04/12/2013, 12:22:23 UTC

What if Alt currencies don't disapear?! there are so many that have a real benefit to the Bit coin system.

 A lower Block time is one big positive. plus if Bitcoin does break the 2000 or much higher it will need complimentary currencies so that we aren't all dealing in 0.0000001 to buy a Bigmac.