Why creating more coins. - page 8. | Bitcointalksearch.org

VeeraS

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Quote from: Mkpez on September 11, 2018, 10:24:01 AM

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.

I think this can be a long debate, the negative side and the positic side are always there. From the positive side we are presented with many new innovations involving more sophisticated technology than bitcoin, besides that it has other uses. but the downside is, almost 90% becomes shitcoin.

yrrehc16

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Creating coins is not an easy thing to do.
For the people to adopt it and make the demand easy for the coin to have value and worth in the community.
You should have the project for it.
Coins are being created to support an specific project using an ICO.

Geleve

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it is quite normal. all altcoins have a background (of course except the scam ones) and a project behind. some of them fails, some of them success but in any case it is good to see that more projects are coming to this ecosystem.

aircrusan

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A large number of coins contributes to competition in the cryptocurrency market. Over time, only the strongest will remain, so I believe that this will only benefit.

Krendom

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They want challenge and show we can beat another altcoin. And actualy it's for money or funding. They want iwn token become popular

mitsarasss

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Obviously, more coins - more money. Each project seeks to raise as much money as possible, and accordingly they try to sell their coins even if these coins are useless in the future.

cherlov

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There are 2 problems. The first is the greed of people and the effect of the gold rush, because people stamp new altcoins. The second problem is the lack of regulators.

Raggie

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Quote from: Mkpez on September 11, 2018, 10:24:01 AM

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.

yes you are right, i agree with you. why not maintain existing coins and instead create more coins? Will that make things better?

romeolopez21

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Because people want to get money and to become popular especially with the such great and popular sphere like crypto. But it doesn't have a lot of minuses at all.

tannerchum

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Quote from: Dondont on September 19, 2018, 06:10:33 PM

Quote from: Mkpez on September 11, 2018, 10:24:01 AM

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.

I think it more to the how people like to imitating to gain the same profit on there. Long time ago web faucet and roll are good enough, and then HYIP website with its lot of risk, trading also and then now ICO. people like to make their own profit. become the boss for their own. Unfortunately they didn't realize that it bring negative impact to the market. Imbalances volume, security risk and others

For sure this people who finished first can gain some profit. It is not a competition in this type of project but it is gaining a rating and the investors because they have seen an updates and a normal chance to change constantly. So far to those who did not understand so well what ICO is just keep in touch.

Whaletale

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CurioInvest [IEO Live]

Sky they say is wide enough for all bird to fly , so many coin more problem solved or more problem created, it can be either of the two , and also the more coin should give a faster and reliable usage which suppose be looking in to the existing ones problem and solve it then produce yours but many only come out for money sake and not real problem solvers.

Doging

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Many people want to make easy money by creating their own coins. First, they distribute them for free, and then place them on exchanges for the purpose of earning money.

anatolij.shishkin

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Quote from: Mkpez on September 11, 2018, 10:24:01 AM

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.

The process of creating a crypt is already running. And it only stops full collapse. This is a business. You create your business that uses your currency. You earn it. By this so much new cryptocurrency now. It will become even more.

Lucas777

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Quote from: Vipersia on October 04, 2018, 06:05:15 PM

This is the same question i have been asking myself again and again. Maybe it is just a marketing policy for the newer companies to make their coin popular in market.

Earlier I was sure that new projects create to develop to realize the good ideas which will make our life better. But I see that many projects do not bear any advantage for mankind in general, only for some people at all.

annajacob92

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I am sure that one reason among others is trying to create the strongest coin that will be able to compete with the BTC and which will decreasie its dominance and influencing effect.

Barbatos

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Quote from: Mkpez on September 11, 2018, 10:24:01 AM

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.

Because nobody controls the supply. When it would be harder to create coin, flow of shitcoins will be finally stopped. I cannot be sure that it would happen soon.

akungagal

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Quote from: srcnckr on October 04, 2018, 06:50:26 PM

There are currently too many new coins created but most of them are not effective and provide real benefits for investors and users. Choose the potential coin to invest in to avoid losses.

yeah, you're right.
before we invest in new coins, we should first investigate the background of the project. and we also have to see the development team, if they have a good name in crypto. then the token will be made an investment.

GmBoom

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Like I posted recently, the coins and tokens that are created day by day has a distinct feature. And it is not made just to made it to the ranks and gained many good investor, but by the output that the token or coin can possibly be possessed.

adolf512

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Quote from: Mkpez on September 11, 2018, 10:24:01 AM

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.

The number of coins (projects) on the market is really very large and it is increasing, but no one controls the cryptocurrency market and no one can restrict the creation of new projects. Therefore, we need to be able to choose among them those that can bring some benefit in our real world.

Bitcotalk

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Quote from: Sebas.tian on October 03, 2018, 05:33:16 AM

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.

It is even becoming more interesting with blockchain technology as a lot of people these days are now looking for a way they can quickly raise funds to make the project a larger one.

Although, like you said, this is dependent on each team as there would always be some who are greedy and what they are just looking for is to enrich themselves from the funding and this is one of the reasons we have seen so many shit coins today, a lot of cloned project, and a lot of scam ongoing in the space.

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