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Old 11-30-2013, 11:47 PM   #26
sangaman
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Quote:
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Couldn't agree more - but investors don't need confirmation times to make a difference, they just need people to think confirmation times make a difference.
If the point of altcoins is to mislead its users and enrich its creators, then yes you are right. If the point is to innovate cryptocurrency, then I disagree.
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Old 12-01-2013, 07:44 AM   #27
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Re: Virtual Currency - Alt Coin Discussion Thread

Is there any information on who owns the 23 million lite coins out there?

Why are there so many, as is there a cap on how many can be made?
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Old 12-01-2013, 10:33 AM   #28
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Re: Virtual Currency - Alt Coin Discussion Thread

https://twitter.com/fontase

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Old 12-01-2013, 11:03 AM   #29
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Re: Virtual Currency - Alt Coin Discussion Thread

81 millions litecoins can be ever made
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Old 12-01-2013, 11:04 AM   #30
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Re: Virtual Currency - Alt Coin Discussion Thread

fontas is a con artist imo, he buys first. then he announces pump, then he sells and he announces dump
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Old 12-01-2013, 11:07 AM   #31
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Re: Virtual Currency - Alt Coin Discussion Thread

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Originally Posted by 2+2=5 View Post
fontas is a con artist imo, he buys first. then he announces pump, then he sells and he announces dump
Duh. That's pretty much the alt-coin game.
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Old 12-01-2013, 03:17 PM   #32
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Re: Virtual Currency - Alt Coin Discussion Thread

I once had 100,000 Quark and I sold them for .4 BTC, I bought 1 BTC of IFC and converted them to QRK, then converted everything back to BTC. Regarding bitcoins and alt coins everything that could have gone wrong did and I basically missed the boat on both. At least I will never be in the hole. When I bought them BTC was about $200, sold them for about $80. Thus if I kept them I would have $23,000.

Mining for coins is really not working for coins. I would much prefer investing in a coin 100% premined where the large owners use bounties to pay for real work like setting up websites, block explorers, and payment exchanges.
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Old 12-01-2013, 08:29 PM   #33
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Re: Virtual Currency - Alt Coin Discussion Thread

Quote:
Originally Posted by steelhouse View Post
I once had 100,000 Quark and I sold them for .4 BTC, I bought 1 BTC of IFC and converted them to QRK, then converted everything back to BTC. Regarding bitcoins and alt coins everything that could have gone wrong did and I basically missed the boat on both. At least I will never be in the hole. When I bought them BTC was about $200, sold them for about $80. Thus if I kept them I would have $23,000.

Mining for coins is really not working for coins. I would much prefer investing in a coin 100% premined where the large owners use bounties to pay for real work like setting up websites, block explorers, and payment exchanges.
Do you know why they have mining?!?

Do you understand that the thesis behind bitcoin (limited supply) is completely destroyed if there are a growing number of cryptocurrencies?
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Old 12-01-2013, 10:59 PM   #34
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Re: Virtual Currency - Alt Coin Discussion Thread

Ripple currently is giving away ripples for donated computing time to world community grid (harnesses your cpu for scientific research).

https://www.computingforgood.org/
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Old 12-01-2013, 11:18 PM   #35
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Re: Virtual Currency - Alt Coin Discussion Thread

fk ripple
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Old 12-02-2013, 12:16 AM   #36
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Re: Virtual Currency - Alt Coin Discussion Thread

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fk ripple
It comes grape flavored.
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Old 12-02-2013, 01:53 AM   #37
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Re: Virtual Currency - Alt Coin Discussion Thread

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Do you know why they have mining?!?

Do you understand that the thesis behind bitcoin (limited supply) is completely destroyed if there are a growing number of cryptocurrencies?
Protection, but eventually there will be a zero mining reward. Also, there is Proof of Stake. Furthermore, those with the largest hoard will protect the coin.

Yes, I think bitcoin is in trouble. Not much different than buying a penny stock with no revenues. Yes, it can be used in trade, however many want a faster coin, less bloat, and no further inflation.
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Old 12-02-2013, 09:54 AM   #38
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Re: Virtual Currency - Alt Coin Discussion Thread

Quote:
Originally Posted by Tyrannic View Post
Ripple currently is giving away ripples for donated computing time to world community grid (harnesses your cpu for scientific research).

https://www.computingforgood.org/
Registered, but how do they know my wallet address? Not clear on how I claim the reward!
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Old 12-02-2013, 09:55 AM   #39
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Re: Virtual Currency - Alt Coin Discussion Thread

nm im an idiot done it
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Old 12-02-2013, 10:03 AM   #40
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Re: Virtual Currency - Alt Coin Discussion Thread

Fire up Amazon cloud computing instance, profit?
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Old 12-02-2013, 11:11 AM   #41
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Re: Virtual Currency - Alt Coin Discussion Thread

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Fire up Amazon cloud computing instance, profit?
idk this doesn't seem so profitable to me...




Confirmed ripple scam strikes again.
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Old 12-02-2013, 11:19 AM   #42
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Re: Virtual Currency - Alt Coin Discussion Thread

is there anybody who doesnt think Ripple is scamish?

ive never heard of anyone using ripple for anything. i dunno what they think people will do with it. there seem to be no changes to their website or anything. i liked the talk Mike Hearn gave on the ripple concept but Ripple is far from that
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Old 12-02-2013, 11:32 AM   #43
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Re: Virtual Currency - Alt Coin Discussion Thread

We bought some Ripples. Only thing we hold apart from BTC. I don't think it's a scam, but could be wrong of course.
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Old 12-02-2013, 11:39 AM   #44
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Re: Virtual Currency - Alt Coin Discussion Thread

you bought ripples? at what price? i was thinking about selling my 40k XRP from the giveaway cuz i dont see Ripple going anywhere. kinda depressing that i coulda gotten ~7 BTC for em earlier this year

i am open to the ripple idea, but i havent seen anything from Ripple to make me think their implementation has much potential.
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Old 12-02-2013, 11:47 AM   #45
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Re: Virtual Currency - Alt Coin Discussion Thread

Bought them at about 2.5c each from BitStamp, currently BitStamp is selling them for about 10c each

Not sure how on earth we'd go about selling them though. And I think BitStamp is selling them for a little higher than other places.
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Old 12-02-2013, 01:41 PM   #46
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Re: Virtual Currency - Alt Coin Discussion Thread

I was part of the Ripple beta and traded my initial bout of free xrp for btc back when it first started.

The Ripple system is great, however growing ever more redundant as layers to the btc platform have much more potential, ie mastercoin.

XRP touted as a currency is a complete marketing play and is plain nonsense. XRP is an internal transaction token system, and if you've used the Ripple system to transact, you understand you don't need many of them, and there likely will never be a need for 100 trillion of them or whatever it is.
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Old 12-02-2013, 11:35 PM   #47
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Re: Virtual Currency - Alt Coin Discussion Thread

what the heck is with quark coin? explain me please?
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Old 12-03-2013, 11:10 AM   #48
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Re: Virtual Currency - Alt Coin Discussion Thread

Dunno, looks like junk. Was pumped and dumped by some economist dude on Twitter who was anti Bitcoin though iirc
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Old 12-03-2013, 02:25 PM   #49
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Quote:
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Dunno, looks like junk. Was pumped and dumped by economist dude on Twitter who wa some s anti Bitcoin though iirc
This could be a mad libs for most alts:

"Looks like (worthless noun). Was (scammy verb) by a (nerdy person) on (social media network) who was anti (feature of bitcoin)."

I'll try.

Looks like garbage. Was premined by a survivalist goldbug on Reddit who was anti ASICs.
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Old 12-03-2013, 03:02 PM   #50
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Re: Virtual Currency - Alt Coin Discussion Thread

the perfect coin would be a CPU coin that somehow thwarted ASICs
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