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Topic: WHY are there so many COINs? (Read 718 times)

hero member
Activity: 812
Merit: 1000
September 06, 2013, 08:48:42 PM
#11
Opensource. 
Instructions on how to clone a coin have been put out there so even people without much knowledge can make one.

citation? Cheesy
full member
Activity: 151
Merit: 100
September 06, 2013, 08:42:20 PM
#10
The evolution of coins is happening right now. The best coin will survive and the bad will die and forgotten.
full member
Activity: 187
Merit: 100
September 06, 2013, 08:38:41 PM
#9
It's a social/economic experiment to see what the free market would look like if there was no patent system.
legendary
Activity: 2590
Merit: 2156
Welcome to the SaltySpitoon, how Tough are ya?
September 06, 2013, 08:02:41 PM
#8
Because this is new technology in it's exponential development!  Grin

This. Everyone is trying to make the next big coin, so they can strike it rich. However, what it is actually doing is creating a lot of innovation (and a lot of spam). The coins that are bad will die, and hopefully new coins will take the best aspects of the ones that fail to make a very neat coin.
legendary
Activity: 1124
Merit: 1013
ParalleCoin's ruler from the shadow
September 06, 2013, 07:53:40 PM
#7
Re: WHY are there so many COINs?

Because this is new technology in it's exponential development!  Grin
newbie
Activity: 30
Merit: 0
September 06, 2013, 07:21:30 PM
#6
You could say the same things about Bitcoin.

Personally, I cloned a coin so that I could learn more about cryptography, C++, linux, and networking.
I cannot speak for everyone else, but that is my reason for you.

edit:
I still accept bitcoin, but I choose to mine my personal favorite coin.
It's really up to you which one you'd like to mine. There are a lot of choices out there, so one is likely to appeal to you.
full member
Activity: 126
Merit: 100
September 06, 2013, 07:08:22 PM
#5
It's greed. I think primecoin has a big change to make it to the next level.
hero member
Activity: 518
Merit: 500
September 06, 2013, 06:06:23 PM
#4
Opensource. 
Instructions on how to clone a coin have been put out there so even people without much knowledge can make one.
hero member
Activity: 784
Merit: 1000
Annuit cœptis humanae libertas
September 06, 2013, 11:05:56 AM
#3
So that sharks can speculate on BTC-e and Cryptsy. Grin
sr. member
Activity: 322
Merit: 250
September 06, 2013, 11:00:46 AM
#2
Is it even profitable to mine some of the coins?
Will they (coins) ever be as high as BTC?
What are the top coins people should invest mining time in Huh ><>
Thanks
yeah just use a pool that switches to the most profitable coin at the moment. that is if you have no means to efficiently mine BTC.
hero member
Activity: 560
Merit: 500
StayFocus and LIVE
September 06, 2013, 10:50:44 AM
#1
Is it even profitable to mine some of the coins?
Will they (coins) ever be as high as BTC?
What are the top coins people should invest mining time in Huh ><>
Thanks
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