If you could, would you delete every altcoin? - page 2.

aioc

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Quote from: BlackHatCoiner on May 01, 2020, 02:40:41 PM

I would. Why so many cryptocurrencies should exist? Only one, and all of us would want the same coin.

Like in the real world, we have yens, euros, dollars. Imagine having only 1 currency Shocked

Wouldn't it be great?

Not all country have the same system, and not all coins are created equal so get that idea of one coin or one currency, it will not be great and will be a lot of conflicts, people should get used to having many coins but always research for the right coin to invest, Bitcoin and the majority of the coins are open source, and people can always create a clone.

Kunnu

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The competition between various altcoins is necessary that's why we may expect opportunities to make profit so I believe it won't positive sign for crypto industry if every altcoin disappears from the market and somewhere people may loose interest in crypto if it happens which is possible only in our imagination.

ahmia39

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Quote from: Gab20 on May 02, 2020, 04:30:40 AM

Cryptocurrency is worldwide and when compared to Fiats, the world does not just have one Fiat, but many, belonging to different countries, so, if we have more than one cryptocurrency, then there is nothing bad in which. As a matter of fact, we need so many of them, so that there will be competition.
Our major concern should be how each of those coins starting fro bitcoin, will be adopted.

Yes, having more than one cryptocurrency is definitely not a bad thing, in fact it is better than just having one, because to make things easier, we have to have everything and everything, so obviously it's not a bad thing.

bakasabo

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If I was to decide whether delete every altcoin or leave the situation as it is, I would keep all the altcoins. Because they are the history or knowledge. They demonstrate how people can be naive and believe in lies, how people invest in things that will never make them rich or will opposite - make them rich easily. Altcoins show how different can be cryptocurrency world.

Gab20

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Quote from: BlackHatCoiner on May 01, 2020, 02:40:41 PM

I would. Why so many cryptocurrencies should exist? Only one, and all of us would want the same coin.

Like in the real world, we have yens, euros, dollars. Imagine having only 1 currency Shocked

Wouldn't it be great?

Cryptocurrency is worldwide and when compared to Fiats, the world does not just have one Fiat, but many, belonging to different countries, so, if we have more than one cryptocurrency, then there is nothing bad in which. As a matter of fact, we need so many of them, so that there will be competition.
Our major concern should be how each of those coins starting fro bitcoin, will be adopted.

zaim7413

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Quote from: jessyj48 on May 02, 2020, 01:07:33 AM

It's bad idea to have one currency, Bitcoin wasn't design for some things, and Bitcoin can't do it all, ethereum was build to introduce smart contracting on blockchain and it works, each coins have their own fields of use

Yes, and everyone can also sort and choose according to their individual needs, because the construction of each coin and token also has a different concept, so it is natural that each coin or token cannot do everything that exists.

inanilujimi

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Altcoin is there for bitcoin stability, as well as you, can you live alone without the help of others ??
bitcoin is indeed king but sometimes there is something that cannot be reached by him which must involve altcoin for sustainability.

lienfaye

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Yes but only the shitcoins that has no use cases and just an additional crypto on the market.

Crypto is different in fiat currency, the reason why we have different currencies are we dont live in the same country and has different government that rules us.

On the other side altcoins are profitable as well if we invest but on top alts only it is proven worthy to invest in, so in order to spot a good altcoins, we need to delete the shitcoins.

sandra_x

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One of the reasons of having cryptocurrencies is to promote a decentralized ecosystem , away from the singular control of a given entity-Government or Corporations. It brought the liberty of a community of like-minded individuals to create an ecosystem. Having a single crypto is never a healthy proposition since each ecosystem has its own unique characteristics. Also true,many coins are sheets.

tvplus006

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Quote from: 20kevin20 on May 01, 2020, 02:58:15 PM

Although +95% of the existing cryptocurrencies are shitcoins and scams, I would not wipe them off (in the current condition) the internet. This is the beauty of decentralization: you can create whatever you like and as long as you have supporters, your project will stay alive.

If there was a way I could magically find out with 100% accuracy which project certainly is a scam and which isn't, I would wipe them off ONLY if they are assigned to the respective category.

But if there was a way someone could delete them (CoinMarketCap could have a large influence), I guess that would also be the beginning of the respective entity's willingness to gain more power & control. And as decentralization should be exactly the opposite, it leads to a crappy ending.

So no, unless I had some crystal ball to tell me which one is a shitcoin so I could wipe it off this Universe, I wouldn't do it.

It would be logical to remove such coins from the CoinMarketCap rating. Otherwise, it turns out that The coinmarketcap rating itself promotes these fraudulent coins, most of which have already been abandoned by the owners. And this situation may change when the new owner of the Binance rating begins to restore order there.

Chuky92

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Quote from: BlackHatCoiner on May 01, 2020, 02:40:41 PM

I would. Why so many cryptocurrencies should exist? Only one, and all of us would want the same coin.

Like in the real world, we have yens, euros, dollars. Imagine having only 1 currency Shocked

Wouldn't it be great?

Many cryptocurrencies are not worthy to exist we all know but having the mindset of deleting all cryptocurrencies and being left with just 1 goes against the main idea blockchain was created which is decentralization, that is, empowering everyone to be In charge of his assets etc. In all sincerity, No, it will not be great but will be disastrous as the person in charge of the remaining crypto will have the power to do anything he wishes and no one will question him.

pakhitheboss

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Quote from: BlackHatCoiner on May 01, 2020, 02:40:41 PM

I would. Why so many cryptocurrencies should exist? Only one, and all of us would want the same coin.

Like in the real world, we have yens, euros, dollars. Imagine having only 1 currency Shocked

Wouldn't it be great?

In my opinion it would not delete those cryptocurrencies that have a use. Now, how to identify those cryptocurrencies?

You just need to check their marketcap and product information that should solve it. I think only 50 percent of those listed on CMC will qualify the criteria.

The rest can be removed or deleted from the market.

danherbias07

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Then that means your choice of crypto currency being deleted too. Grin

It is like being God with everything and it is not okay.
Having a competition is a not such a bad thing.
It enables the best crypto currency to be seen.
Look at Ethereum and Bitcoin. They are still the mostly used of all even if we are looking at so many altcoins out there which mimics them.

TheUltraElite

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So anyway, I applied as a merit source :)

First thing, no one can delete altcoins, then people would be talking about deleting bitcoin and nobody wants that except altcoin shills.

Altcoins are a good example of human stupidity and the willingness to gamble on things that they dont learn about first before investing. The reason why people entered into some altcoins is because they thought bitcoin being out of their hands they should join a new coin which is coming up and this one will also be as big as bitcoin.

At that time nobody thought what was the use case of bitcoin or any altcoin and blindly spent money buying them hoping to get rich.
The reason they still exist is the living proof that many investors can be fooled into buying shitcoins.

Wolfencloud

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Quote from: BlackHatCoiner on May 01, 2020, 02:40:41 PM

I would. Why so many cryptocurrencies should exist? Only one, and all of us would want the same coin.

Like in the real world, we have yens, euros, dollars. Imagine having only 1 currency Shocked

Wouldn't it be great?

I don't think that it is a great idea to remove altcoins especially they are one of the reason why there are trades that is happening. Bitcoin is not the only cryptocurrency that brings profit to us, Altcoins also gives a lot, in fact some times when we properly planned the use of altcoin, it brings more profit that Bitcoin.

jessyj48

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It's bad idea to have one currency, Bitcoin wasn't design for some things, and Bitcoin can't do it all, ethereum was build to introduce smart contracting on blockchain and it works, each coins have their own fields of use

fortunecrypto

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Quote from: BlackHatCoiner on May 01, 2020, 02:40:41 PM

I would. Why so many cryptocurrencies should exist? Only one, and all of us would want the same coin.

Like in the real world, we have yens, euros, dollars. Imagine having only 1 currency Shocked

Wouldn't it be great?

I don't think it would be great it was not even tried on fiat and definitely not worth trying in the Cryptocurrency community, we want decentralization and we do not want controlled by whales, and besides we want an evolving technology it made us a better community when we have Ethereum Tron Waves, and coins with different algos.

NavI_027

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Hey chill dude Grin

. I don't like most of the alts but I don't hate them either. It seems you got a bad past with altcoins huh. But kidding aside, if I have a power like that I will not delete all of them. I am not that so so rude. Good and reputable coins such as eth, ltc, xrp etc. will remain; but for the rest of sh*tcoins in the market, bye bye for them lol. They are actually useless since they are left behind after the pump and dump season.

joshua123

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Quote from: BlackHatCoiner on May 01, 2020, 02:40:41 PM

I would. Why so many cryptocurrencies should exist? Only one, and all of us would want the same coin.

Like in the real world, we have yens, euros, dollars. Imagine having only 1 currency Shocked

Wouldn't it be great?

Why hate too much altcoin? I know its diluted already of many projects including scam but some new ones deserved to be here so I guess we should not wish that and even we can, this crypto business is not under any authority to stop or end by the community will. In my opinion, I think you wanted to dispose some useless tokens right? But the process is not easy as you wish cause what I explained above. I wanted to eradicate those scam one but not included those potential projects.

patz22

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This might be not connected with this, if there is only one currency for the whole world then it is the sign of destruction, if someone might read the Bible then you know what I am talking about, but when it comes to the business side, I don't think it is healthy to have only one currency, it is still good to have options and trades won't happen if there is only one.

Topic: If you could, would you delete every altcoin? - page 2. (Read 549 times)