Do we really need a lot of Cryptocurrencies? - page 7.

gelli

full member

Activity: 434

Merit: 100

https://saturn.black

Quote from: jjeeppeerrxx on October 07, 2018, 11:07:12 PM

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?

Competition in development and an attempt to create something new and without problems of the previous project. Each developer has his own vision and opinion and creates a project under himself.

mmo4me.2016

sr. member

Activity: 812

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There are a lot of altcoin created daily, but only a very small number of them will succeed! We do not need much but need the quality and usability of altcoin or token!

Xiaolongnu

jr. member

Activity: 375

Merit: 3

It's right, there are too much cryptocurrencies. There are more cryptocurrencies are more good, because we will have the competition between those, they wil offer us better services.

Starfranko

jr. member

Activity: 672

Merit: 1

Each project has a particular problem they want to solve. I think therefore they should be allowed to establish themselves and cement their relevance in the crypto-currency space in the long run those whose relevance are in in doubt would fizzle out

Bttzed03

legendary

Activity: 2114

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https://bitcoincleanup.com/

We cannot ignore the fact that there is an ongoing competition among developers. If they see that a certain platform lack something, they'll try to build a new one that can solve that issue (This is the also the reason why we now have other cryptocurrencies other than bitcoin).

tenebriscaelum

member

Activity: 462

Merit: 11

The reason we need many cryptocurrencies is competition and without it the market can easily be dominated and manipulated by one token or group which is why diversity and competition is needed. This is also true in forex which is a model for the currenct cryptocurrency model.

Fluxtorrence9

member

Activity: 336

Merit: 12

Cryptocurrency is still at it's earlier stage so we need many cryptocurrency ,there are still many problems that needs to be fix ,the more new projects are been released the more cryptocurrency will tightens up and get more advanced in the future

deeofficialx

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Quote from: jjeeppeerrxx on October 07, 2018, 11:07:12 PM

...we only need 1 for every industry...

Yes, and that is also the reason why there's so much cryptocurrencies in our current stream right now. They're competing and doing their best to get that spot, that one and only spot, in every industry. We may not need those but soon, we will pick one each.

jjeeppeerrxx

member

Activity: 392

Merit: 38

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?

Topic: Do we really need a lot of Cryptocurrencies? - page 7. (Read 855 times)