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Memes go Meta: Altcoin Unveiled this Past Weekend

Outmaneuvering meme based altcoins like Coinye and Dogecoin, there is a new altcoin named Altcoin. What Altcoin brings to the altcoin table is nothing less than pure unadulterated meta.

In the forum post announcing Altcoin's creation ThickasThieves offers:

Unique Value Proposition - Altcoin is the first alternative to Bitcoin that serves a purpose: to simplify the entire Altcoin market and allow everyone to finally focus on ONE coin.

This is so incredibly meta. Altcoin can be the one coin for everyone's focus while also itself being an alternative to Bitcoin as well as every other cryptocoin. ThickasThieves further settled any debate regarding the potential for this coin to be premined with:

Also don't worry about pre-mining, I promise to NEVER mine Altcoins.

Here's some more or less relevant things about Altcoin and its network:

Proof of Work Algorithm: SHA2561
Block Rate (in seconds): 512
Initial value per block: 512
Block halving rate: 262144
Maximum coins: 268435456 ATC

Altcoin was even traded today in a transaction that valued the coins at 235 Satoshis per Altcoin. The Altcoin thread suggests that at this point most people mining Altcoin are hoarding it as a store of value as they anticipate appreciation against other, less meta altcoins. When I wrote about DogeCoin I mentioned how Old meme is a structural weakness which will always afflict that coin's potential future. Coinye allows us to see what DogeCoin's future might look like. If cryptocurrencies had emerged a decade earlier and Coinye was released in 2004, during 2005 through 2006 it might have seemed like it was doing great. Then as time goes on Coinye's prospects fall with its namesake.

Dogecoin as it has been recently discovered has some really glaring flaws. Like wow, such flaws, much penny stock, kinda scam, so poor. Altcoin lacks these weaknesses, because meta. The entire thing is a Satire. In the interim though the network difficulty for Altcoin is roughly 10 times that of Litecoin. I mean metaphysics is still a discipline with active dialogue, people have to understand the word "is." Meme is fleeting, but meta endures.

Update: Altcoin has a website. I also have to throw up a disclaimer now, I now hold some Altcoin.

  1. Those Block Erupters can indeed be useful again [↩]

This entry was posted on Tuesday, February 4th, 2014 at 8:44 p.m. and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

7 Responses to “Memes go Meta: Altcoin Unveiled this Past Weekend”

  1. BingoBoingo says:
    July 28, 2014 at 3:28 p.m.
    Oh look at the trackback spam. Signed complaint -----BEGIN PGP SIGNED MESSAGE-----
    Hash: SHA1

    Why are you resorting to trackback spam? On my post:

    http://www.thedrinkingrecord.com/2014/02/04/memes-go-meta-altcoin-unveiled-this-past-weekend/

    You spammed a trackback for

    http://hashreport.net/HR/moolah-takes-over-mintpal/

    Which does not link to or otherwise cite the post recieving your spam.
    Reconsider your marketing...
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    Reply
  2. Andrew says:
    July 28, 2014 at 3:32 p.m.

    Sorry, I use Zemanta, which recommends related content. I didn't realize it was dropping pingbacks.
    At any rate look again, your site is listed in the "related articles" section. So you're getting a direct link.

    I'll not include your website as a source for interesting related content in the future.

    Reply
  3. BingoBoingo says:
    July 28, 2014 at 5:03 p.m.

    Apology accepted. Going back I do see that there was a link under the article in the giant blindspot.

    Reply
  4. Moolah takes over MintPal » HashReport says:
    July 28, 2014 at 1:34 p.m.

    […] Memes go Meta: Altcoin Unveiled this Past Weekend […]

    Reply
  5. Actual Internet Etiquette: Trackbacks and Spam | Bingo Blog says:
    July 29, 2014 at 9:40 p.m.

    […] all starts with comments on a previous post. The problem discussed cuts to the heart of actual, rather than imagined etiquette on the Internet. […]

    Reply
  6. What the Fuck is a Hashlet? | Bingo Blog says:
    August 29, 2014 at 11:53 a.m.

    […] which constitutes the meaning, definition, substance, or essence of the subject. Just because metaphysics creaks on as a sub-discipline in Philosophy because of disputes in the nuance of what "is" […]

    Reply
  7. What the Fuck is a Hashlet? « Bingology - BingoBoingo's Blog says:
    August 1, 2019 at 2:11 a.m.

    [...] which constitutes the meaning, definition, substance, or essence of the subject. Just because metaphysics creaks on as a sub-discipline in Philosophy because of disputes in the nuance of what "is" precisely is, does [...]

    Reply

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