Topic: Can the massive creation of Altcoins can be stopped? - page 4. (Read 2583 times)
Even if the government regulators will try to stop this I don't think that people stop create new coins. People want to be rich and this is the moct fast way
if the regulations about crypto in future more clear, i believe massive creation of tokens/coins can be stopped, developer must fit with strict regulation before can create their own tokens/coins. I belive if in future this regulation can be made, almost all coins/tokens will be a legit project
most of this alternatecoins where not created just for profit, as most of them has a working product and is useful to the market. so you dont have to generalize your statement
Creation of altcoins in the market is for the ICO of a future project.
As long as there are teams who want their project to be funded via ICO it will continue to grow.
What we need is the regulation in creating coins and having ICO to stop SCAMMING in this cryptocurrency.
As long as there are teams who want their project to be funded via ICO it will continue to grow.
What we need is the regulation in creating coins and having ICO to stop SCAMMING in this cryptocurrency.
It does not affect anyone that there are many other projects, including shitcoin projects. After launching, they will not have long lives and will falter. Those who have to lose are the bounty hunters to lose time with SCAM or weaker projects. It happened to me and it's a totally unpleasant feeling.
Blockchain by nature is open source. It was intended that way so anyone with the knowledge and skills can develop its own platform. Coin creation cant be stopped but I think can be regulated. There should be a scheme to monitor coin creation and identify those with really good potential and not a scam
There should always be some shitcoins to collect all the idiots and leave them broke! Worst thing would be if they get into some big piece of market and build mining farms and start to decide in which direction should we go. Time of early adopters-visionaries is gone, now there are idiots with money who want to "moon".
I think that we really need some reagulations about this because new investors are lost about what coins will bring them money
Indeed, the market is extremely crowded now with meaningless coins that do not give anything useful to society. This is one of the main problems at the moment I think
I hope that someday the creation of altcoins will be regulated. For now, everyone can make their own altcoins and it's silly in some way.
I hope so, because we also want that the manufacture of altcoins can be adjusted again. because the longer there are more and more altcoin makers, and that is very detrimental to us.
In my opinion it cannot be stopped since different teams or groups of people are behind different ICO projects so it cannot be controlled. Also, not all projects are succeeding which makes it not surprising for many projects to be released every month. Altcoins are mostly from ICO projects. It also means that as long as there are projects being released, same thing will happen with the number of altcoins in the market.
Probably only after the ideas of the people end and new regulations will be introduced, which today will be used as the beginning of the creation of a new project, I am sure that this will prevent new projects.
I was just wondering after the altcoin being successful there have been more unreasonable coin that has been created, hence there are more people will doubt it, and seriously more and more coins has being created just for profit I mean you can gain some profit off of it but its not the reason why a founder should create one.
After seeing so much coin being created and been abandoned with gaining profit from it made me think that if the new coin stops coming then we could focus more on some reasonable coin and some coin that is currently being developed.
After seeing so much coin being created and been abandoned with gaining profit from it made me think that if the new coin stops coming then we could focus more on some reasonable coin and some coin that is currently being developed.
I have a question in mind, was it really bad for the cryptocurrency industry that there is a lot of altcoins created for people to use as a substitute for bitcoin? or there might have been a good effects that it can bring for the people who uses cryptocurrencies?
Well regarding the matter whether the massive creation of Altcoins can be stopped all I can say is that the creation of Altcoins will never be stopped because many of these ICOs are being created by scrupulous developers who just want to scam their investors so that's why we are seeing many of these ICOs created everyday.
I do not think, that it will stop one day. It is an amazing opportunity for people from all around the world to make their idea come true in an altcoin. But we need to be more careful with ICOs and support only trusted and perspective projects.
I hope that someday the creation of altcoins will be regulated. For now, everyone can make their own altcoins and it's silly in some way.
Why should it be stopped? It`s just ICO tokens and that is not bad feature i think. Is it a really big problem for you?
Not so disappointing because you only need to be more careful to make decisions and have a good project for you. it all depends on your choice.
I think the massive creation of altcoin cannot be stopped because people who know about cryptocurrency can create a new altcoin, publish it and promote to other people. They can do this with easy because right now, they can use social media to help them to gain more investor to join with their projects and if they are serious with the project, I am sure that they can gain success. But this depends on how they work on that project and how solid the team to support the project.
I was just wondering after the altcoin being successful there have been more unreasonable coin that has been created, hence there are more people will doubt it, and seriously more and more coins has being created just for profit I mean you can gain some profit off of it but its not the reason why a founder should create one.
After seeing so much coin being created and been abandoned with gaining profit from it made me think that if the new coin stops coming then we could focus more on some reasonable coin and some coin that is currently being developed.
Everyone already has the opportunity to focus on working with prospective coins and tokens. For this, it is not necessary to stop the process of creating new tokens. Despite the fact that now there are also a lot of hopeless ICO projects, fraudulent programs, this process is still very necessary and is one of the main directions of cryptocurrency development, and practical cryptocurrency, which really brings additional convenience to a person. After seeing so much coin being created and been abandoned with gaining profit from it made me think that if the new coin stops coming then we could focus more on some reasonable coin and some coin that is currently being developed.
Why should it be stopped? It`s just ICO tokens and that is not bad feature i think. Is it a really big problem for you?
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