Topic: Can the massive creation of Altcoins can be stopped? - page 5. (Read 2583 times)
My opinion is the current state, when Altcons become much larger, it seems to us very much. However, in reality this is only the beginning, the childhood of the altcoins. In the future, the Altcoins will not be money, they will be in everything, they will become a means of evaluating plants and factories.
In the near future, this situation in the crypto market is unlikely to change dramatically. But I hope that in the future there will be some measures and functional tools that will help fix such problems. Perhaps this result will be achieved in the future due to a general limit on the total number of altcoins on the market.
I am curious about this too. I think someone should control this because people loose interest in altcoins because of some weak ones.
I think people will not stop creating coins. But at least we can try to select best ones and we can invest these best ones. In crypto space new investors dont know much about crypto because of that they are investing these scam and useless coins so these scammers continue creating more and more coins. firstly all the investors need to learn more and more about crypto space. and after they will naturally realise the scam coins and they will not invest these coins. so people can stop creating more coins after that.
I hope it will taper off. There are way to many coins with zero utility and too few projects that matter and are needed like crypto to fiat (pundix and mfchain), rewards and free stuff that replace plastic cards (like tapcoin and hooch), and other projects where crypto is actually better than non crypto solutions ( as much as i love crypto, i think there are only a few places where crypto is truly needed but in those places, crypto will be truly revolutionary.
Of course, this can be done, but the main question is, is it necessary? Because now many projects in this way are trying to attract investment in their business, and maybe just to deceive people, so of course you need to do something with it.
I think not, crypto coins open source projects. Everybody can develop their own project.
We can only more deeply analyze projects and dont buy scam coin MN on presales now
We can only more deeply analyze projects and dont buy scam coin MN on presales now
I think that some restrictions for the release of coins are not needed. These restrictions will greatly hinder the development of the industry. I believe that useless coins will leave the market themselves. This is a natural process.
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.
In my opinion this is not possible because in the crypto market there must always be movement and innovation. So the day the new Altcoins were born and of how they exist, i think depends. to founders and investors. 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 believe that introducing a high payment for launching a new coin will help reduce the flow of creating new coins, for example, if you set a fee at 10BTC, not everyone will want to create their own coin, and if they decide and pay this amount, they will have a more responsible attitude to their project. But this decision should be introduced by the teams of those blockchains on the basis of which the release of new coins is possible, Ethereum, Stellar, Tronix and so on.
I think that this is a very small chance that they will stop creating their own coins. In any case, coins will be created for sure. But on the other hand, many altcoins will decide for themselves because they simply will not stand the competition.
I think you are right. There must be some limit that everybody can not issue a new coin for investors. We may think by natural elimination most of this scam coins can be eliminated bu it damages crtyptocurrencies and investors a lot.
investors shouldn't pay attention to these coins so they will disappear themselves. the limitation of issue will not give the result.
It is very sad that every day there is a huge number of bad projects which deceive the investors. Therefore it would be very desirable that there were some rigid criteria for ICO creation. It would help to increase trust to crypto.
it's sad to see current data where more than 70% of ICOs fail including fraud in them. The ICO can indeed make big profits for the company, especially making it not so difficult, therefore there are many people who use the ICO to get personal benefits. we are required to be more careful and always careful in choosing it.
It is very sad that every day there is a huge number of bad projects which deceive the investors. Therefore it would be very desirable that there were some rigid criteria for ICO creation. It would help to increase trust to crypto.
I see no problems here, anyone is free to create his token or coin. It's up for the people to use their brains before investing.
Absolutely right, I see no reason to worry about the growing number of useless coins, because they still have no future and sooner or later they will die. Each of us must study the project in which he plans to invest his money. If you are responsible for investing, then you will not be bothered by the fate of useless coins and they will not be financed due to the absence of investors, and then they will disappear more quickly.
The answer to your question is no, stopping creation of new coins means stopping new innovation in the industry, it is not needed. The market is competitive and useless won't survived in the long run so there is no need of stopping them.
New altcoins will come until people will buy them during ICO. Community want spend money, developers give the proposition in form of ICO.
I think you are right. There must be some limit that everybody can not issue a new coin for investors. We may think by natural elimination most of this scam coins can be eliminated bu it damages crtyptocurrencies and investors a lot.
I think that little promising projects do not bother anyone, and he also does not attract investors at all. Thus there is no harm from them. It seems to me that it is necessary first of all to deal with fraudulent projects. 
I think this is an important topic to discuss, cryptocurrency was meant to be Limited so that we can avoid the price deduction whenever government prints new money but now while we are creating new coins then this problem will not get solved instead people are going to face the same consequences we are watching in the banks. If we need a better system then do not adopt new altcoins and stay with only one cryptocurrency and build your future on that. Of course, it will be different for traders they can trade at any coin there like but for users have a choice always stick with one coin and build its population. That will not only increase the price of that coin but also make it stable and help developers to focus more on its development rather than leaving it behind incomplete and jumping into a new coin.
I think you are right. There must be some limit that everybody can not issue a new coin for investors. We may think by natural elimination most of this scam coins can be eliminated bu it damages crtyptocurrencies and investors a lot.
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