Topic: Re: Do we really need so many kinds of coins? - page 2. (Read 2478 times)
OP's question doesn't make any sense. It's free market. If they are being mined - they are needed and vice versa.
I think there should be this many altcoins since very many people didnt get into the bitcoin game early, Its a great to start of investments, I am saving Protoshares and DOGE, and a Few dimecoins to see how much they are worth i the future so I can save for a college. But I will be greatly dissapointed if that happened.
So, Yes,IMO there hsould be that many.
So, Yes,IMO there hsould be that many.
But, as others have said, a lot of these coins are 'pump and dump', meaning they're not good for storing money. They won't last forever.
Makes me chuckle when people talk about their coins having longevity and they're in it for the longrun, especially when they've only been out a month or two. People said this about Doge and Coinye lol.
I think there should be this many altcoins since very many people didnt get into the bitcoin game early, Its a great to start of investments, I am saving Protoshares and DOGE, and a Few dimecoins to see how much they are worth i the future so I can save for a college. But I will be greatly dissapointed if that happened.
So, Yes,IMO there hsould be that many.
So, Yes,IMO there hsould be that many.
But, as others have said, a lot of these coins are 'pump and dump', meaning they're not good for storing money. They won't last forever.
I think there should be this many altcoins since very many people didnt get into the bitcoin game early, Its a great to start of investments, I am saving Protoshares and DOGE, and a Few dimecoins to see how much they are worth i the future so I can save for a college. But I will be greatly dissapointed if that happened.
So, Yes,IMO there hsould be that many.
So, Yes,IMO there hsould be that many.
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Problem is that they're all just clones....
But, some people just keep thinking "Oh, xxx coins have a bright future, and will be the new bitcoin" lol.
My favourite one is "my crapcoin has a great community and dev team behind it", which literally means nothing. And when you question them what's so good about their coin or tell them everybody says this they throw a shitfit and accuse you of being a troll haha.
Yes, there are a tiny fraction of alt-coins that have real innovative features.
But sadly, 99% of them are just clones.
What are the innovative features?
Thanks
Most don't have anything innovative, but there are some that at least try something different, but when people claim their coin to be innovative it's usually just because they tweaked the algorithm slightly or whatever, thus not really being innovate, but maybe so in a world full of crapcoin clones that don't bother changing anything.
Yes, there are a tiny fraction of alt-coins that have real innovative features.
But sadly, 99% of them are just clones.
What are the innovative features?
Thanks
The only people who tend to make any real money out of these new alts are the people who make them, if even them. Pump and dump crap.
I don't think we need this many alt-currencies,but what can we do to stop new alt-currencies? there are people who like them and make profit with them and as long as there are people playing new alt-currencies will keep rising and rising.
Simply put: no...
Problem is that they're all just clones....
But, some people just keep thinking "Oh, xxx coins have a bright future, and will be the new bitcoin" lol.
Doesn't anyone have any original ideas?
Yes, there are a tiny fraction of alt-coins that have real innovative features.
But sadly, 99% of them are just clones.
Problem is that they're all just clones....
Doesn't anyone have any original ideas?
Doesn't anyone have any original ideas?
Hopefully, after the initial surge, market will regulate itself, and we'll end up with 2-3 core crypto currencies.
Bitcoin and litecoin will remain. Others won't.
That's what I think.
So many different currencies are definately not needed. Most are just pure clones without any innovation or new thought. It's simply about who came up first with this "phantastic" idea. This is sad because they take the air away from those who actually incorporate true innovation and that were developed in a diverse community, like Gridcoin. It is this kind of diversity all miners should be supporting.
the answer is simple, no!
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Read the other day some new company started that is going to offer companies "Brand" coins...
Indeed you can "create" a new coin for just 0.05 btc.
http://coingen.io/
And, It seems they get lots of business.
http://coingen.io/status.html
No wonder there are so many new coins
The most difficulty part of making a new coin now is to create a fancy name
Doesn't seem that difficult. Cat dog goat moon earth; doesn't matter - people will create one for any old crap.
Read the other day some new company started that is going to offer companies "Brand" coins...
Indeed you can "create" a new coin for just 0.05 btc.
http://coingen.io/
And, It seems they get lots of business.
http://coingen.io/status.html
No wonder there are so many new coins
The most difficulty part of making a new coin now is to create a fancy name
Read the other day some new company started that is going to offer companies "Brand" coins...
Indeed you can "create" a new coin for just 0.05 btc.
http://coingen.io/
And, It seems they get lots of business.
http://coingen.io/status.html
No wonder there are so many new coins
Read the other day some new company started that is going to offer companies "Brand" coins...
Indeed you can "create" a new coin for just 0.05 btc.
http://coingen.io/
And, It seems they get lots of business.
http://coingen.io/status.html
Read the other day some new company started that is going to offer companies "Brand" coins...
Yeah, the alt-coins don't hurt us. People are learning the software. But do be careful where you put your money.
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