Why people try to create their own coins? - page 10.

bitkanu

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Quote from: makadaka on October 18, 2018, 05:04:40 PM

surely many expect to get some profit from all this. I am sure that many do not get anything but still someone earns very well on this

Some people just want to experiment how things working out and they are quite curious to cryptocurrency, that way you can't really blame them because most of the time
their coin will just become useless anyway, no one knows and no one willingly to contribute

jackflag

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Glad to see you

First of all, for the sake of money, the blockchain technology does not need coins, they are only as a means of service, and I am starting out as an easy way to collect money. A lot of examples of projects that do not need their coins and prices are constantly falling.

elzjmirra

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I think they have no creative ideas, so as to make new coins only copies from others. Yes, they are only interested in getting money is easy. And this makes us increasingly savvy to determine the project that will follow or we will invest in new coins. And they would just throw away their time.

makadaka

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surely many expect to get some profit from all this. I am sure that many do not get anything but still someone earns very well on this

94K

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Now the cryptocurrency market is full of so many coins with different products backing it. The reason why people try to create their own coin is that they want to integrate it into their industry since they've seen that blockchain technology is the future of the world.

Mianae

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It's not a waste of time, everyone wants to get rich quick through cryptocurrency and developing a project, having an ICO and still have a stash full of tokens for yourself is the easiest way to be rich that's why everyone wants to have their on tokens.

Terrmit

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Quote from: ember.suc on October 09, 2017, 04:03:56 PM

There are so many coins, but many of them just a copy of anothers. Why they waste their time for nothing? Grin

Well, because this is such an industry. After all, the project team makes money. The first they are poured at an inflated price. And then the project lives almost its life. The crypt has become a business. Grin

BabatundeM

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Quote from: ember.suc on October 09, 2017, 04:03:56 PM

There are so many coins, but many of them just a copy of anothers. Why they waste their time for nothing? Grin

You are quite correct, most of these new projects are replicas of what has been created in the past. Although there are some with unique ideas but they are few. This is a call yo developers that they should come up with their own unique and geninune innovations and not just copy what other people has done.

JPSelzer

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Because it's an easy way to make money. These are people who know how the beautiful wrapping and to hide the real intentions of the team. If they do it wisely, they will still be able to find some inexperienced investors who will buy their coin.

Peri0n

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All due to the fact that now it is quite simple and in the end can be very profitable. Think about it, such a platform as OST allows you to create your own coin in 3 clicks.

Psynthax

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Quote from: edynolan on October 15, 2018, 04:49:15 PM

Quote from: DreamCayman on October 04, 2018, 12:01:42 AM

I don’t see anything fraudulent if a capable, energetic person moves his current product or service through ICO. This person wants to earn money by this and help humanity grow with it. In my opinion, this process is very useful to everyone on the planet.

If it is something original and innovative, then I agree. But most projects copy other projects. Energetically and capably. But they are copycats and don't add value to what they do.

There are some icos were innovative but it's only a little percentage from the total icos that have entered the market, Even the big platform just like NEO and ADA are copy cats of ethereum.
Most of them are copy cats and there was no a new project that created their own technology to give more usefulness for community.

TonixGaming_14

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AGATE

Digitizing your property or your time is a pretty cool idea. I don't understand why all people don't want to do this. You can not go to a meeting with a person, but simply send your coins.

chabapok

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They are not wasting their time mate. They are copying but we dont know that issue. Ico investors only feel that hype and they are sending their hard earned money to these copier ico companies...and icos are the easiest way to collect 30 m dollar in the world. so they will keep continue doing that in my opinion.

Blackhammer321

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Quote from: ember.suc on October 09, 2017, 04:03:56 PM

There are so many coins, but many of them just a copy of anothers. Why they waste their time for nothing? Grin

People who did it and continue doing it, believes that with this, they can easily earn money. It i like building your own company, this is what I believed. They snage to do things for them to create something that will make them earn money easily. This is not a waste of time rather it is takin risk. But only a small probably to win.

TheWolfCrypto

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Activity: 135

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Finance, money, for this all join this new technology, developers of cryptocurrency is also not stupid, realizing what benefit Shine.

crimsongoth

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If the speaking need arises for projects that are really trying to do a running job, the most important reason is that it makes things easier that cryptocurrencies are used as suitable for the mass funding model to finance the project.

DisBITcus

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I think every cryptocurrent user has thought about this more than once. Creating your own cryptocurrency is a big success. After all, the actually developed coin will bring both profit and great popularity.

SashaVeg

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People create their own coins because I think that they earn much more money. But I’m not so sure about that because if a coin is bad, no one will invest in it.

ka4ok1331

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In 2017 many people knew that creating new crypto you can gain a lot of money practically on nothing. Now it is more difficult to do so

lancer10

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Quote from: nameforcoin on September 27, 2018, 07:43:43 AM

There are two reasons, the first people have ideas on improvement of life or the relations, they want to realize them. The second reason that some people just very cunning also want to receive money having brought together them from investors of ico.

You say "But there are also coins that are unique and functional. The problem is, those legit coins are very hard to identify." I think we need to step up our research and not get involved with scammers by thoroughly comparing what projects offer.

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