the scammers will run their course.
there are also a lot of good people working on long-term projects.
focus on them and ignore the sleazeballs.
Topic: Current state of altcoins and the future of the whole cryptocurrency scene (Read 762 times)
August 08, 2014, 09:55:09 AM
August 08, 2014, 09:34:28 AM
Ive been following the scene and ive also been trading for over a year now and the whole scene seems to be going wrong way.
The flood of altcoins which are scams is amazing and hurting the reputation of the whole cryptocurrency scene,
also connections with scam coins, exchanges and rig renters seems to become more visible.
Many new coins dont even hit exchanges and devs disapear and it brings out the questions are they made by rig renters to increase their income.
Same question applies to exchanges, which add new coins without any kind of "background check" of the devs. Are exchanges making altcoins just for the quick pump and dump to get trading fees? Why some exchanges dont add coins that are transparent and the real names of the devs are available, but add coins that die quickly?
Is it really a good thing to give a chance for a coins that are developed by people who are clearly hiding and just pop up from somewhere with their coin, without any trace in the forums?
The flood of altcoins which are scams is amazing and hurting the reputation of the whole cryptocurrency scene,
also connections with scam coins, exchanges and rig renters seems to become more visible.
Many new coins dont even hit exchanges and devs disapear and it brings out the questions are they made by rig renters to increase their income.
Same question applies to exchanges, which add new coins without any kind of "background check" of the devs. Are exchanges making altcoins just for the quick pump and dump to get trading fees? Why some exchanges dont add coins that are transparent and the real names of the devs are available, but add coins that die quickly?
Is it really a good thing to give a chance for a coins that are developed by people who are clearly hiding and just pop up from somewhere with their coin, without any trace in the forums?
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