I have some questions...?
Are these mostly junk coins? Are the exchanges employing boiler room style teams of developers to just turn and burn new coins so they can generate traffic, orders and profit?
I think there will be a surge of crap like a tidal wave of poo with mostly turd coins that serve no purpose, have no ambition or future goals with unknown developers, fake community websites that claim certain well known people/developers and organizations are behind the project....all to find out later.............it was a lie.
What will happen to the trust we have in exchanges when we find out that this scam is being pushed on us by the major exchanges?
Who will fact check these coins? When will we have a service that genuinely checks on the coins validity, code and development team?
https://bitcointalksearch.org/topic/ann-frt-fartcoin-a-new-joke-coin-3083756
Topic: Over 1500 Coins in the Market.(coinmarketcap) (Read 141 times)
The last i checked the coinmarketcap. it was about 999 to 1100 coins trading at the Market including the one's that did not suffice at the coinmarketcap site. Currently we have Over 1600 coins available for trade at the Market. with this surge, i believed that we could be expecting More coins at the Market within the next few years. possible of having more than 3000 coins. the rate of removal of coins to addition is not proportional. More are added while little is been removed from the market. what could be the effects of this New coins joining the market to the legacy coins. Are we heading to the decentralize system of currency. what is your take on it.
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