Topic: Why creating more coins. - page 10. (Read 1999 times)
The term coin is synonymously used for the word token. Actually, communities are creating the token as like the company creating new shares. Here, by the way of ICOs startups are pooling the investment funds by creating new tokens on the Ethereum blockchain which will get the same features as like the ETH coins that are easily transferable and liquidating.
With recent market situation, I begin wondering why creating more coins. Does it means that if all effort is put on bitcoin, the community will not achieve her goal? If that is true, why not we maintain the existing ones to enable them have more stability and gain global recognition.
Some of the said coins are duplicating functions, why not merge coins with same functions to enable the community grow faster.
Currently some investor are passing through hard times and if all our effort is targeted towards the first 10 or 20 widely known coins, their standard is maintain, investors will be happy.
Some of the said coins are duplicating functions, why not merge coins with same functions to enable the community grow faster.
Currently some investor are passing through hard times and if all our effort is targeted towards the first 10 or 20 widely known coins, their standard is maintain, investors will be happy.
I think this question is difficult for us to answer as bounty hunters. the fact is that every new coin is made involving innovation and technology products. each company bearer has a plan such as vision and mission to make the coin useful and has a high price after entering the market. I guess so
It's like asking "why do you create ethereum when you have bitcoin"! Every coin represent different project. And yes there are a lot of scam projects but you have to choose carefully. You don't expect that crypto stop evolving now?
With recent market situation, I begin wondering why creating more coins. Does it means that if all effort is put on bitcoin, the community will not achieve her goal? If that is true, why not we maintain the existing ones to enable them have more stability and gain global recognition.
Some of the said coins are duplicating functions, why not merge coins with same functions to enable the community grow faster.
Currently some investor are passing through hard times and if all our effort is targeted towards the first 10 or 20 widely known coins, their standard is maintain, investors will be happy.
Some of the said coins are duplicating functions, why not merge coins with same functions to enable the community grow faster.
Currently some investor are passing through hard times and if all our effort is targeted towards the first 10 or 20 widely known coins, their standard is maintain, investors will be happy.
there are many factors that cause the emergence of new coin coins. yes, innovation from crypto developers continues to evolve with time, but not everything will go according to plan and certainly not all have technology. there are many different debates but there are always benefits and negative sides. I think like that
Ideas are simply endless. When someone thinks of something awesome and it has blockchain applications, there's a good chance that they will creat a coin for it. Though there's a much more common reason that is greed. Some guy will conduct an ICO to get rich overnight and some greedy investor will be trapped and this is an endless cycle.
Yeah, one thing with idea is that they will definitely keep coming and there is nothing we can do about it. Also, ideas are usually recycled anyway, as you tend to see someone coming up with the same idea but a different way to execute the idea or in a better way and as long as they can always convince investors to put in their funds into it, the chances of us seeing more of them will keep increasing and nothing changes much than having a loaded market with coins. 
The creation of coins is necessary if there is a need for a project to be tokenized to make it more competitive in the market. The niche of creating token is possible in accordance of the need of people. But sad to say that there are so many tokens now that are almost useless and just polluting the cryptoworld.
If you want to develop cryptocurrencies, relying on Bitcoin alone is not enough. Different coin generations have different functions, and the features they have may be more acceptable to those who need or are interested. In fact, Altcoin is crucial. Their complexity represents the integrity of the entire community, and the function of these premium coins is recognized by community owners. ETH is the best example.
New coins are coming because Blockchain is at their starting phase and as technology grows with time and people comes with more ideas and technology so it will give birth to new coin/token.
Question is who will stay with time in market and who will run.
Question is who will stay with time in market and who will run.
Many of the new altcoins and tokens are not worth investing. Because no innovative technology has been seen. They have always been the continuation of BTC technology. I hope there is a technology that can break this balance.
Because it's easy money for scammers. You've read an article that more than 90% of blockchain projects with their own cryptocurrency are scammers who work in this industry only for the sake of money and deception. Now it is very easy to create your own cryptocurrency (90% of the bitcoin code) and promise insane interest in the near future. Very easily.
I think on the contrary, the engine of development of the market is competition, so for the development of the market we need more projects with a more perfect product, then people will start to actively use these products and this will give an even greater increase of the entire market.
At first I also asked myself, if the market has too much coin, does it dilute the focus of the investor? Because they will feel confused when entering the crypto, but when I watch the stock market, it makes me even more confused.
Because there are many people who want to make money by creating coins.So there are a lot of scams on the market.I believe that these coins will disappear over time.
Merchants create new coins to attract investors' money, and investors need new coins to earn the difference, which is the current market situation!
The sole reason why there are several people creating more tokens is because they simply want to take advantage of etherum blockchain and popularity to the world, to scam and de fraud people (the naive one).
The self drops and recent projects are 99% scam, they steal whitepaper from 5 projects and make it one for their use
they manipulate websites and build a fraudulent traffic on social media.
there is need for us all to be smart and root out those scams.
The self drops and recent projects are 99% scam, they steal whitepaper from 5 projects and make it one for their use
they manipulate websites and build a fraudulent traffic on social media.
there is need for us all to be smart and root out those scams.
I totally agree. Most coins have the same goals and functions in mind so why even create new ones doing the same thing. Why create new exchanges when the ones already existing are not even used up to full capacity. I think it stems from greed. They've seen how much money is there to be made by owning some of these projects without minding the impact on the market. If our efforts are more streamlined towards a few coins as you said, we would have much better rewards. United we stand, divided we fall.
I think that over time, unnecessary coins, repetitive technically lose their popularity and disappear from the market. Only the strongest will remain.
With recent market situation, I begin wondering why creating more coins. Does it means that if all effort is put on bitcoin, the community will not achieve her goal? If that is true, why not we maintain the existing ones to enable them have more stability and gain global recognition.
Some of the said coins are duplicating functions, why not merge coins with same functions to enable the community grow faster.
Currently some investor are passing through hard times and if all our effort is targeted towards the first 10 or 20 widely known coins, their standard is maintain, investors will be happy.
Some of the said coins are duplicating functions, why not merge coins with same functions to enable the community grow faster.
Currently some investor are passing through hard times and if all our effort is targeted towards the first 10 or 20 widely known coins, their standard is maintain, investors will be happy.
caused no department can control token now
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I believe that people create their coins in order to earn more. But it is not always the case. Not profitable do not live long. In any case, more reliable and strong coins will crowd out the weak.
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