I think that most likely in the future there will be fewer coins that we will actually use, but there will also be many other coins and tokens that will not go anywhere. Only a fraction of the coins will die.
Topic: Do you see a future with one cryptocurrency or thousands? - page 13. (Read 23971 times)
I won't like the idea of one coin because it will bring monopoly, it's good we have different coins to give people variety of choices, though thousands of coins is too much in my own opinion but at the end of the day, most of the coins won't make it through.
Like gold, bitcoin will be the major currency of value. Other cryptocurrencies with a very good working project will also be used for exchange and payment of goods and services. The thousands of shitcoins will go down the drain by the time regulations creep in
I think there needs to be regulatory system for crypton industry. Without it it'll just grow big enough to crash on its own weight and that is exactly what has happened in this year. The phenomenal growth was too much for this non regulatory industry. Some kind of rules and regulations would make sure that the scams won't enter the market.
The amount of cryptocurrencies out there is nauseating. Up in the thousands now.
Do you see a future where we're using a wide variety, or will one come out on top?
Technically, if one of these ICO projects create a be-all-end-all decentralized platform where all products and services are bought and sold, I guess it isn't impossible to one day have just one.
What do you think?
It's all the same what to ask the question why do we need such a variety in shoes. You can create universal shoes and wear it in the cold and in the heat. Or create a universal mobile phone, but many people repeat the same functions. Of course, as if some did not want uniformity, most of us still strive for diversity, which brings comfort to our lives.Do you see a future where we're using a wide variety, or will one come out on top?
Technically, if one of these ICO projects create a be-all-end-all decentralized platform where all products and services are bought and sold, I guess it isn't impossible to one day have just one.
What do you think?
Coins and tokens perform various functions and it is very good that there are many of them. It is necessary to encourage their diversity, the only way they can develop and improve.
There will be definitely a vast variety of crypto coins, not one or two. Look at the fiat coins or stocks market. Bitcoin will be like gold or like US dollar and altcoins will be like satellites and there will be a place for them on crypto market.
I also wondered, when the crypto market has too many altcoin. Will the market be distracted, as too many altcoin are born each day. I then understood that the altcoin was born, but not worth bringing would be excluded from the market
Well, i am not in favor of one coin, i believe for good competition there should be a reasonable amount of coins, but most of the thousands of coins wouldn't survive in future.
I think more than one currency will be used in the future.
Maybe 10 or even 20 currency, but probably not anymore.
Mankind certainly can not agree on one currency and we do not need too many currencies, otherwise it is like the fiat money.
Maybe 10 or even 20 currency, but probably not anymore.
Mankind certainly can not agree on one currency and we do not need too many currencies, otherwise it is like the fiat money.
I agree with you about that, but Probably there will be some coins which are better and more effetive others so People will use them for the transaction, who will be associated market. My opinion is that bitcoin and Ethereum will be parts of these coins.
crypto grows so fast that the market becomes unstable with many altcoins that cannot survive or die. we invest in ICOs that have quality platforms or tokens such as ETH, but it is difficult to distinguish ICO fraud because they have convincing bidding and concept methods. I hope Crypto will create high-quality altcoins and update the system better.
Thousand will be too much but there won't be only one crypto as there's different crypto with different usage. They have to be the best in their category to survive in the future, right now there's too much coin but actually only a few of them that already has working product, the rest is still a whitepaper only project and they won't survive for long.
Only a handful will ever be worth much. Compare it to the internet days- The like of Amazon, Ebay etc came out on top and are the kingpins, Then there is many other website of high value. There are then thousands worth not much
If there will be the only coin it will become look like usual money and what sense in this? I don't think that the oly coin is the best way
The amount of cryptocurrencies out there is nauseating. Up in the thousands now.
Do you see a future where we're using a wide variety, or will one come out on top?
Technically, if one of these ICO projects create a be-all-end-all decentralized platform where all products and services are bought and sold, I guess it isn't impossible to one day have just one.
What do you think?
Do you see a future where we're using a wide variety, or will one come out on top?
Technically, if one of these ICO projects create a be-all-end-all decentralized platform where all products and services are bought and sold, I guess it isn't impossible to one day have just one.
What do you think?
I do not quite understand how this amount of coins can be applied. Maybe when they will be looks like securities ... One coin is enough as a means of payment. And you know perfectly well whats the name of this coin
In the cryptosphere, diversification is of utmost importance. In order to have a sate investment, i do not look at just one coin. My focus is always on 4 or more, depending on the good ones that are available at that moment. You cannot expect all coins to give you good yield at the same time, which is one of the reasons for diversification. If there is loss on one, you will be able to recover it on another.
not with one but also not much to thousands. of the many that there could be that would be recognized only some of the best of the thousands of existing coins. but that does not mean that others will be forgotten just space the movements will be narrower than the coin which indeed recognized well in the future.
but altcoin is currently becoming a lot of trash, even when first listing and just finished selling ICO, it is very ironic, investors might start thinking that and projects that were previously or not already feasible, therefore they think short and even though the roadmap is still not over 50%, they prefer to sell the coins
One way or another, there will be a lot of cryptocurrency, but the value will actually be provided somewhat, like the dollar is now an indicator of the value of BTC and the rest.
Having many alts give room for all to compete and see the very great or useful one , but if only we have view then there will not be a very serious product to really back their project but as we have thousands of them we have choice to choose among them which we find more interest and that can deliver .
There will be definitely a vast variety of crypto coins, not one or two. Look at the fiat coins or stocks market. Bitcoin will be like gold or like US dollar and altcoins will be like satellites and there will be a place for them on crypto market.
Even if there are thousands of altcoin available in the market, but i believe just some of them are having a good value. and even some of them can't survive in crypto world. especially coins that doesn't really has a good usage purposes.
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