Alternative Cryptocurrencies Thrive in Bitcoin's Shadow ...

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David Sterry has been a bitcoin believer for years. He even founded a bitcoin startup. But when he heard that miner demand was causing monthlong backlogs on certain computer components, he realized it was a big, big moment – not for bitcoin, but for litecoin. The alternative cryptocurrency, created in October 2011 with a few tweaks […] According to Greg Schvey, a Bitcoin researcher, it’s hard to distinguish lost bitcoins from those people are just saving for a rainy day. There is, however, one big clue. It starts with the ... Dec 24, 2013 at 15:30 UTCUpdated Jan 28, 2014 at 15:20 UTC Alternative Cryptocurrencies Thrive in Bitcoin’s Shadow David Sterry has been a bitcoin believer for years. He even founded a bitcoin startup. But when he heard that miner demand was causing monthlong backlogs on certain computer components, he realized it was a big, big… "You can take Bitcoin open source code and make a couple tweaks, and you have an altcoin," said Greg Schvey, head of research for The Genesis Block , a New York research firm specializing in bitcoin. "I could make a new alternative currency by the end of this conversation." Many of the alternative coins were created as "intellectual experiments," Schvey said, ways to test out ideas for ... "Du kannst Bitcoin Open Source Code nehmen und ein paar Tweaks machen, und du hast eine Altcoin", sagte Greg Schvey, Leiterin des Genesis Blocks, einer New Yorker Forschungsfirma, die sich auf Bitcoin spezialisiert hat "Ich könnte eine neue alternative Währung am Ende dieser Konversation machen." Intellektuelle Experimente

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There's bitcoin miners in my shed.

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