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Topic: Do we really need a lot of Cryptocurrencies? (Read 840 times)
there are just company that created coins only to be used in their own services which its only in their own economy but just listed on coinmarketcap so its still good if you get to benefit from it. recently i saw a token SURETY which were pumped but also dumped every time, i got interested and learned the tokens can be used in their own insurance services. yes we don't need much cryptocurrencies but we also can't stop developers from creating one.
When you say need, there is really not a need because we can still have the transactions in the old way without having to make use of blockchain technology. As for the creation of coins, there are different purposes of different coins so maybe one coin for each category would be enough but then since it is a business, there are a lot of coins to choose from depending on what kind of coin you prefer and what benefit you can get from it. We don't need that thousands of coins and eventually, we would be able to see those coins that has really a worth and others would be gone.
"In 1988, the UK magazine, The Economist forecast that 2018 would be the year of a new currency which they named the Phoenix. Quite a mind boggling prediction 30 years ago, especially since 2018 looks like a year when a major currency upheaval could take place…"
Now the question is that if more crypto comes in the market it will again going to be the same-rich getting richer and poor getting poorer,and that's quite natural.If whole world start transact in same currency/lesser crypto it will be less easier for all.But unfortunately that is never gonna happen.More crypto means more money laundering and tax evading
.People who have already come early to the party will get some and time will tell the rest.Privacy coins like monero dash and few more will sky-rocket in few years after the present scenario gets a little stabilized.
Now the question is that if more crypto comes in the market it will again going to be the same-rich getting richer and poor getting poorer,and that's quite natural.If whole world start transact in same currency/lesser crypto it will be less easier for all.But unfortunately that is never gonna happen.More crypto means more money laundering and tax evading
.People who have already come early to the party will get some and time will tell the rest.Privacy coins like monero dash and few more will sky-rocket in few years after the present scenario gets a little stabilized. 
there are just company that created coins only to be used in their own services which its only in their own economy but just listed on coinmarketcap so its still good if you get to benefit from it. recently i saw a token SURETY which were pumped but also dumped every time, i got interested and learned the tokens can be used in their own insurance services. yes we don't need much cryptocurrencies but we also can't stop developers from creating one.
Blockchain will disrupt these industries Banking and Payments, Insurance, Voting, Forecasting, Government, Crowdfunding, Retail, and Real Estate. Yes, we knew this that blockchain will play a big role in the future of those industries and it's a revolutionary.
But, do we need lots of cryptocurrencies?
More and more companies or startup companies were developing their own cryptocurrencies and a lot more in the future but what's the point of creating or developing it? Maybe we only need 1 for every industry but why does almost everyone develop their own cryptocurrency?
There are too many industries at present and in the future there will be many ICO projects emerging. There are too many industries and in the future there will be many emerging ICO projects for those projects.But, do we need lots of cryptocurrencies?
More and more companies or startup companies were developing their own cryptocurrencies and a lot more in the future but what's the point of creating or developing it? Maybe we only need 1 for every industry but why does almost everyone develop their own cryptocurrency?
The future will no longer use paper money. The common currency may be BTC or a currency that will rise more strongly. Did you know that the prostitution industry also has a successful project. nothing is not!
We need a lot of tokens. We can say that there are not many tokens. No matter how many of them are created, the market will discard useless tokens and leave only promising ones that will be in demand. ICO projects are a very good way to improve cryptocurrency. Even despite the fact that they now have a lot of fraudulent projects, this activity is very much needed.
I don't think so, i believe what we need is just several cryptocurrency that are fully tradeable with reasonable value of all time, I think with those limited amount of coins the value of the will be easier to be managed.
The same as products, technologies, etc, in a free market currencies also compete for adoption/dominance. That is why throughout history things such as gold/silver were generally dominant because of their properties, being exceptional for use as a medium of exchange. Digitally, the question is, which currency will satisfy all of those properties?
Almost every day there are new crypto entering the market, and this requires a greater demand, if not the total supply of all crypto with unbalanced with demand and this will cause crypto prices will going to fall. Many new crypto only copy from existing crypto, and this causes the supply to continue to grow without increasing demand. I think we not need new crypto everyday but we should be more focus to promote old crypto to new people around the world.
We need few blockchain companies in every industry, but today every company can strat ICO. Due to this we can see 1600 tokens and coins.
though many cryptos in the market but there is demand in the market that will select the number of coins. certainly, the market will be juxtaposed can know where the best crypto and which ones will just be shitcoin. a lot of the crypto there is still enough needed due to likely among the emerging new crypto there could be better or has the quality of biting with another crypto's been great at this time.
There are many crypto that bring value to businesses and businesses that people rarely use or know about. So they do not pay much attention to the coin, but the coin is still needed, because the demand from the business
though many cryptos in the market but there is demand in the market that will select the number of coins. certainly, the market will be juxtaposed can know where the best crypto and which ones will just be shitcoin. a lot of the crypto there is still enough needed due to likely among the emerging new crypto there could be better or has the quality of biting with another crypto's been great at this time.
Blockchain will disrupt these industries Banking and Payments, Insurance, Voting, Forecasting, Government, Crowdfunding, Retail, and Real Estate. Yes, we knew this that blockchain will play a big role in the future of those industries and it's a revolutionary.
But, do we need lots of cryptocurrencies?
More and more companies or startup companies were developing their own cryptocurrencies and a lot more in the future but what's the point of creating or developing it? Maybe we only need 1 for every industry but why does almost everyone develop their own cryptocurrency?
This is a competition, everyone wants to become a leader in a particular idea and get a lot of demand, and therefore profit. Everything as in any business, only the most capable and advanced in technology will survive, and for any investor it is only good luck when you can choose from several. But, do we need lots of cryptocurrencies?
More and more companies or startup companies were developing their own cryptocurrencies and a lot more in the future but what's the point of creating or developing it? Maybe we only need 1 for every industry but why does almost everyone develop their own cryptocurrency?
I think that, Yes unambiguously! Than they will be more than will be popular, cryptocurrency. And this will accelerate its development.
We need innovation and that comes with among other things - competition and free market.
Do we need that many coins? No we do not but we cannot stop it.
Do we need that many coins? No we do not but we cannot stop it.
Blockchain will disrupt these industries Banking and Payments, Insurance, Voting, Forecasting, Government, Crowdfunding, Retail, and Real Estate. Yes, we knew this that blockchain will play a big role in the future of those industries and it's a revolutionary.
But, do we need lots of cryptocurrencies?
More and more companies or startup companies were developing their own cryptocurrencies and a lot more in the future but what's the point of creating or developing it? Maybe we only need 1 for every industry but why does almost everyone develop their own cryptocurrency?
We don't really need them but once human greed comes out to play then there is no telling what will happen. Even now that we already have so much coins in the market, you are still seeing people bringing in their own coins not minding whether it is the clones or the same thing as coins that have already being in the market as long as they are making money But, do we need lots of cryptocurrencies?
More and more companies or startup companies were developing their own cryptocurrencies and a lot more in the future but what's the point of creating or developing it? Maybe we only need 1 for every industry but why does almost everyone develop their own cryptocurrency?
We need innovation and that comes from competition in crypto
Well I will prefer quality either than quantity. you might not agree with but I think many cryptocurrency are going down the drain just like that with the motive that the new coin will be worth much than the previous.
I would say yes. The more altcoins out there, the more to choose. Competition is good on a business. There's the urge to make their product stand out and that's a advantage to the investors once you now what ICO to invest. The better the product, the more profit ad usage it will have.
No, we do not need a large number of cryptocurrencies. The main thing is that the project that issued the coins was a worker and his coin could be used inside his platform. After all, now there are so many projects that do not require a blockchain, they use it only to raise funds and, accordingly, their token will not cost anything.
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