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Virtual Currency - Alt Coin Discussion Thread Virtual Currency - Alt Coin Discussion Thread

04-23-2014 , 09:08 AM
Last chance to get some safecoins/maidsafecoins

15 BTC left

http://www.safecoin.io/
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04-24-2014 , 01:19 PM
This is my favourite alt coin so far http://www.magicinternetmoney.org/
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04-24-2014 , 02:15 PM
Thought there'd be more activity in this thread.

Not sure if any of you have looked into Blackcoin but it's by far the best investment out there.

The coin itself is capped which means that the supply is at it's peak, there will not be a bigger supply. There are also a few switch pools, including a few more either switching from BTC to BC or just starting out as BC which mine all other coins and change everything to BC.

What this does is creates a steady demand of the coin regardless of what the general public thinks. However, this in turn makes more people join the pool as well as increases the number of people interested in investing in such a coin.

I am not sure what the actual target value I can see this coin going to but as of right now there's no other coin that's a better investment. I will quote myself once the coin hits 100k satos within a week and from there who knows.
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04-24-2014 , 02:16 PM
There is one major flaw with investing in alts.

The problem with them is as you invest, this increases the price of the coin, meanwhile the coin is being mined and the supply increases at a very high rate. The more the price goes up, the more profitable mining is, the more people mine the alts, the more the coins are sold the lower the price goes and so on.

Blackcoin is capped, meaning will not be any more coins added to the supply. There are also many pools which switch all alt coins mined into blackcoins. The blackcoins are therefore in high demand if you just like at the pools alone.

If you factor in, the popularity which is increasing greatly, the work that the devs are doing to make it part of the big 4 (btc ltc doge bc), we are looking at in investment that is definitely worth it.

I have been in cryptos since December, have 36 rigs, and never have I invested in any coin other than BTC as I think it's not worth it.

Blackcoin is the first and maybe the only coin that I will ever invest in as it is obvious to see that it's the only coin which has a base price due to the switch pools and due to the solid following/dev team we are looking at a coin which you risk at most 20-30% of your investment atm for a return of 0-10,000% imo.
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04-24-2014 , 02:20 PM
I have actually invested a lot in the last week in BC. I actually have 3 big projects in the works, all of which I decided will only accept BC.

I have a game/time card/gift card site that will be selling only in BC.

I have a beta rigs type site that has a few other very cool and very useful tools which will also only accept and pay in BC.

I have a switch pool which, if no other switch pool comes out within 3 weeks will be the best pool out there with some kick ass features. All coins mined will be changed over to BC.

So the future looks very good for BC at the moment, that along with coinkite which will accept BC June 1st, which is huge. Along with version 2 of their pool which hopefully won't be as good as my pool. =P
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04-25-2014 , 01:34 AM
Quote:
Originally Posted by MrWooster
This is my favourite alt coin so far http://www.magicinternetmoney.org/
another crappy coin. A new coin must:

1. be 100% premined. Why have inflation? The premine can be carefully tracked and given away as bounties. MIM has 10 billion new coins a year. These new coins, usually scrypt garbage, make Ben Bernanke look like a miser.
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04-25-2014 , 05:57 AM
I have a theory most of these new alt coins are not meant to succeed. Their sole purpose is to protect bitcoin. They want the coins to eventually fail so people will go back to the sole crypto, bitcoin. Seems 1/2 the coins have the same graphics same type of website, probably all put together by the same team to pump and dump so bitcoin becomes stronger.

It may also be the plan of the fbi that determined if you have a coin that is nothing, one way to destroy it is to competitors of nothing.
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04-25-2014 , 11:51 AM
i agree with the not meant to succeed part.

but i disagree with 'to protect bitcoin'. more like they created altcoin XXX, make a market of BTC/XXX, hype XXX, dump XXX for BTC then keep and hold BTC, aka hoard.
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04-25-2014 , 12:04 PM
Anyone selling any coins? I'm buying everything.
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04-26-2014 , 04:32 AM
http://www.cnn.com/2014/04/24/tech/w...oin-talladega/

Dogecoin is a sponsoring a car at Talladega this weekend with a full wrap around the car.

shibes!
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04-26-2014 , 02:10 PM
lol that's awesome
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04-26-2014 , 04:15 PM
haha fantastic!
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04-26-2014 , 10:42 PM
awesome.
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04-27-2014 , 03:40 AM
I've been buying a good amount of Dogecoin. Personally i have about 260,000 coins so far They have a vibrant fun community that tip each other Dogecoins instead of "liking" things on Reddit.

Current rate is $0.00058 per Dogecoin. ANd I think I read somewhere DOgecoins were the 3rd highest actively traded crypto currency, and even outperformed Bitcoin for 30 minutes one day.

They sent the Jamaican bobsled team to Sochi and gave some town in Kenya fresh drinking water via charitable donations from Dogecoin users/investors.

There are 100 billion coins that can be mined and I THINK they are all supposed to be mined by the end of the year. But then the creators of Dogecoin decided to make the coin inflationary and add 5 billion coins each year.

Some people were upset because that would drag down the value, but others think it is great because then it won't be hoarded and used for transactions and will still gradually rise anyway, while making it a viable currency.

Nobody is expecting $1 or anything. But even 1 cent would be huge and 10 cents would be amazing.

They actually had their first convention last night where everyone dressed up as shibes and best dressed costume would get 100k Dogecoins.

And the guest speaker list was much impressive wow very nice vhttp://www.followthecoin.com/dogecon...-speakers-are/
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04-27-2014 , 06:55 PM
Quote:
Originally Posted by Silver_Man2
Nobody is expecting $1 or anything. But even 1 cent would be huge and 10 cents would be amazing.
Well the number of dogecoins of course is completely arbitrary so this isn't much different than "Nobody is expecting $100million [per bitcoin] or anything. But even $1million would be huge and $10million would be amazing." Sure.

One of the main "improvements" of scrypt coins over bitcoin was that their mining is asic resistant and thus more distributed and accessible to the little guy. With the advertised imminant release of scrypt asics over 300 times as powerful as the best GPUs, people may soon believe that scrypt alts have little point.

I would prefer to invest in bitcoins or perhaps gamble on the next big thing, whatever that is.
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04-27-2014 , 09:38 PM
Dogecoin is weird because its definitely a bet on the community, which is very powerful.

Its the only altcoin where I've given in, fairly largely, strictly because I think there's a chance it goes somewhere. Any other altcoin I try to look for tech advances. I view all alts as a writeoff on a major lottery. If for some reason one stayed, it would be absolutely huge to have gotten in earlier.
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04-27-2014 , 11:22 PM
Quote:
Originally Posted by Allen C
Well the number of dogecoins of course is completely arbitrary so this isn't much different than "Nobody is expecting $100million [per bitcoin] or anything. But even $1million would be huge and $10million would be amazing." Sure.

One of the main "improvements" of scrypt coins over bitcoin was that their mining is asic resistant and thus more distributed and accessible to the little guy. With the advertised imminant release of scrypt asics over 300 times as powerful as the best GPUs, people may soon believe that scrypt alts have little point.

I would prefer to invest in bitcoins or perhaps gamble on the next big thing, whatever that is.
Quote:
Originally Posted by theskillzdatklls
Dogecoin is weird because its definitely a bet on the community, which is very powerful.

Its the only altcoin where I've given in, fairly largely, strictly because I think there's a chance it goes somewhere. Any other altcoin I try to look for tech advances. I view all alts as a writeoff on a major lottery. If for some reason one stayed, it would be absolutely huge to have gotten in earlier.
Both very nice points.
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04-28-2014 , 02:15 AM
Quote:
Originally Posted by Silver_Man2
http://www.cnn.com/2014/04/24/tech/w...oin-talladega/

Dogecoin is a sponsoring a car at Talladega this weekend with a full wrap around the car.

shibes!
Would have been more funny if they added:

Me Fast
so loud
Gordon smoke

But I bet if you haven't beat 1/2 the field yet it would be a little too arrogant. Sponser listed as MDS TRANSPORT
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05-03-2014 , 09:28 AM
Quote:
Originally Posted by theskillzdatklls
Dogecoin is weird because its definitely a bet on the community, which is very powerful.

Its the only altcoin where I've given in, fairly largely, strictly because I think there's a chance it goes somewhere. Any other altcoin I try to look for tech advances. I view all alts as a writeoff on a major lottery. If for some reason one stayed, it would be absolutely huge to have gotten in earlier.
The whole idea of a digital coin is to get away from the public good. The community is giving people the individual choice on how to spend their money rather than government take it to spend on their pensions and overtime. The individual spending their money will lead to better houses and bigger donations. All altcoins claim community. Most of the donations are mostly promotional.
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05-03-2014 , 10:36 AM
Finextra Future Money provokes strong views on fintech innovation

...

In a later panel, investor Udayan Goyal made the boldest prediction of the day: that crypto-currencies will kill Swift within three years. To back up his claim, Goyal used the example of Fidor Bank, which now uses Ripple to move money between three countries without even touching Swift.

Inevitably at an event in the heart of London's financial services centre, there was much soul searching at Future Money from banks trying to work out how they can harness the new wave of fintech innovation... continued

source: http://www.finextra.com/news/fullsto...topic=payments
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05-04-2014 , 11:53 PM
Fidor Becomes First Bank to Use Ripple Payment Protocol

by Pete Rizzo

San Francisco-based decentralized payment network provider Ripple Labs has announced that German Internet direct bank Fidor is now using the Ripple protocol as part of its transaction infrastructure.

With the announcement, Fidor has become the first bank to integrate Ripple’s payment protocol, allowing its customers to instantly send money in any currency in any amount through the bank’s money transfer products at a lower cost.

The move is significant as it will allow Ripple to showcase how its unique open-source approach to payments can be used by banks to replace many of the common intermediaries in the industry, thereby passing on savings to partner institutions, and by extension, their clientele... continued

source: http://www.coindesk.com/fidor-become...ment-protocol/
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05-07-2014 , 11:06 PM
Ripple Labs releases downloadable client for cold storage.

More details here: https://ripple.com/blog/ripple-labs-...ripple-client/

You can download it here: http://download.ripple.com/
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05-08-2014 , 06:14 AM
Any thoughts on Pandacoin please?
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05-10-2014 , 12:05 PM
Hey
less than 2 days to the launch of the NXT asset exchange
watch the countdown on http://www.nxtcommunity.org/

There are already project using the ae to come.


Another huge point: A Fiat-->NXT exchange is coming
watch the newsletter http://nxter.org/nxt-newsletter-10/


Catch the train or it is leaving without you.

NXT is the future
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05-10-2014 , 04:54 PM
Bought some dark a while ago, that's been doing really well. That's definitely my favorite currency that's ever been developed so far. It has most of my favorite features all rolled up into one coin.
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