Why people try to create their own coins? - page 76.

CandyKaneCoinz

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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

Some for financial and some for experimentation. Anything that gets people involved is good for the market. Today's crapcoin developer can be tomorrow's next big project.

FiveReelsTwo

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People try to create their own coins mainly beacause of money. In creating this coins it also creates promsing opportunities in the crypto world. Secondly, they create their own coin to protect themselves from scams and any other illigitimate projects to save there mony and effort from going to waste. Thirdly, because they want to use a coin of which features they more prefer at the same time convinient to there transactions and which is in favor to their advantage.

BossMacko

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I've joined a lot of airdrops and participated in some alt coin investments before most of them are scam so the reason why they keep on creating new coin is to get a lot of investment and support from the community then after the ICO they'll not do the roadmap that they laid out but instead they'll just leave the coin with the money they got from the people who invested.

KwizatzHaderach

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It is to take a piece of the pie of the emerging market that is cryptocurrencies.
Total market is currently $800B, if you can even get just a speck of it. You will surely be a millionaire in your lifetime.

Some will just go for the profit, while others will be changing the worlld as we know it.
I'll bet my money on those who will change it.

ptolimeus

full member

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This way you can quickly make money. People are very fond of making money doing nothing, so this way is so popular.

kakawin

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Of course people want to make money. But some projects are being made so that the developers will have the experience and skills for further development.

bitcoinbox

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So far so good

Because most of the time, people want to make quick easy money. (90%+ ..?)
Others create their coin to learn and experiment the technology. (5% ..?)
A few of them create coins to finance a real serious project. (5% ..?)

michellee

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🐺Spinarium.com🐺 - iGaming casino

Quote from: imsotiredofmoviereboots on January 05, 2018, 10:13:18 PM

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

Why waste of time? No one would do it if it's all for nothing. Making cryptocurrencies is now the most profiting project for developers and also scammers. We are talking millions of profit here and even just in their ICO, they can get so much money already.

I am sure that the dev wants to make contributions for cryptocurrency and they want to create something different than the other and I think the most reason is that they want to make money for a long run. they could get millions of dollar if their project success and they can make their investor happy because the investor could make a big profit. but now, I think it is only a few project that will be a good project for a long run and this is our job to select the best ico if we want to get involve and make a profit too.

jam22

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They did not waste their time for creating a coin but it is just not for nothing.

imsotiredofmoviereboots

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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

Why waste of time? No one would do it if it's all for nothing. Making cryptocurrencies is now the most profiting project for developers and also scammers. We are talking millions of profit here and even just in their ICO, they can get so much money already.

cajuelan

jr. member

Activity: 197

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Staker.network - POS Smart Contract ETH Token

Like majority people said money is always behind this, some are too greedy to earn money instantly but some are legit and think good about their investors so be wise before investing new coins.

UFO2018

jr. member

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This is very easy to answer! For raising funding! Hope we can donate a legitimate project.

awazieik

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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

I had the same thought too but when I watched a Youtube video about the future of money. I realized that history is just repeating itself. Think about how much fiat currency was introduced throughout centuries and you won't be surprised about what is going on in the crypto space

Acguy

sr. member

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Creating their own coin they have nothing to lose but a lot to gain from.

Futurm

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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

Because of this advantage, you don't need to write your own code, just copy the code, and then change the name to cheat the money.

Usui-Kun

member

Activity: 224

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Streamity Decentralized cryptocurrency exchange

One reason is they are making a platform and wants to have their own currency, like apps and appcoins. Some makes them to ease the difficulties of transactions from a specific platform. Most of all, some people just want to make money, because having a successful campaign will make you instantly rich.

bxipp

full member

Activity: 630

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This because can be made in this new tokens. They doesnt need reason to make token. Peoples are weird sometimes. Shit or not when they pump that token. The price of the token will rises. So it up to us determined the token is has values or not.

Mzai620

full member

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It's just for $$$. It's easy to create altcoin. Of course you can't do this alone. They need partners in crimes and some imaginary friends to add at their dev team. ICO i think the fastest and the easiest way to get money from people to fund their scam coin. ICOs these days just popping out of nowhere. Most of them are just collect money from investors. Then they will distribute the coin to the investors. And when the coin hit an exchange. That's it, another shitcoin landed an exchange. That's why ICO from other countries are keeping their eyes to them. ICOs is getting out of hand. This thing needs to be regulated.

borovichok

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Quote from: ronatrip on January 02, 2018, 04:25:27 PM

Most of the coins were created in order to raise money. Some were created as a joke. For example, there is a penis token. This was discussed in this topic https://bitcointalksearch.org/topic/penis-token-pns-2406212

Exactly, when I heard about this coin, I laughed for 5 minutes without stopping. This is a good example of making a coin for fun. Almost all other coins are created for the purpose of earning money.

ronatrip

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Most of the coins were created in order to raise money. Some were created as a joke. For example, there is a penis token. This was discussed in this topic https://bitcointalksearch.org/topic/penis-token-pns-2406212

Topic: Why people try to create their own coins? - page 76. (Read 11262 times)