Why people try to create their own coins? - page 78.

CryptoKranthi

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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

It is not a waste of time. We are on blockchain technology. Dont forget it. We need more projeects on this technology. There can be many projects in a single niche. No problem.

Liquidathor22

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Quote from: cashjonny on December 29, 2017, 05:36:37 AM

I think we can divide them in two. First group is greedy people who wants to take advantage of the market and people to make easy money and second group is full of people who have some good projects to make life easier for cypto community.

Yeah, forget about that. Sorry. There are still good projects or coins right now but the ratio I think is 10:1 where 10 is scammers and only 1 of that are legit. Some crypto's have good visions and intentions to give solutions to our problems.

cashjonny

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I think we can divide them in two. First group is greedy people who wants to take advantage of the market and people to make easy money and second group is full of people who have some good projects to make life easier for cypto community.

Liquidathor22

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Creating your own coin can give you a big profit. That is why people are trying to create their own coins to earn more money, creating your own coin is easy because the blockchain technology is an opensource and everyone can create their own coin.

noictib

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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

Every people have own thinking about a particular thing , here no Doubt that day by day new new Coin are entering in the market of cryptocurrency , but in Actual always not the same person putting his new new coin but always new new perosn putting same type of coin in this market , here every person looking to make big earnings , so are thinking big and mostly the big earnings ideas generating new coins in market .
Well here we should see also thier basic concept that for which thing they are giving the main reason that coin's demand will increase , so we should see toward Thier creativity ( Regardless from the matter that whether we want to inevst or not) .

illnino

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For creating a successful cryptocurrency project you need a great, original idea first of all in the field of technical environment and then wide promotion campaign should be done. What’s make the project the best.

ckorbba

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Quote from: peleng on December 26, 2017, 03:41:40 PM

It's just that people want to be rich without making significant efforts. It's much easier to take a ready-made solution than to make a product from the beginning. Therefore, so many useless ICO.

even if in this way to deceive people who are willing to invest in well advertised coins, you still need to report a lot of effort or financial investment. but nevertheless, No matter how hard it all was, If the project does not make any sense, then I think this is a real scam. Probably in the market almost 50% of coins are just such.

peleng

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It's just that people want to be rich without making significant efforts. It's much easier to take a ready-made solution than to make a product from the beginning. Therefore, so many useless ICO.

nidacoinlove

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Quote from: KingScorpio on December 26, 2017, 01:38:44 AM

Quote from: nextel on December 26, 2017, 01:30:57 AM

That's very simple:
1. They want to be rich.
2. They're able to make another cryptocurrency because they are geeks and developers.
3. It's very easy to build a project cause if they have #1 & #2.

Even me I can create my own coin by using Ethereum geth platform and use their ERC20 smart contract.

it is actually necessary that there are people doing this, if there wouldnt be there wouldt be a avery strange economy,

the economy regularily increases its efficiency, the society needs people that use the surplus funds creatively,

many ico founders are just wasting ressources, and create a meaningsless hype.

so they dont have a utlity

regards

ICO's are launched in a great number but there are a few that come with innovative ideas, but we can't say that doing it is useless. Blockchain is a new technology which still have a lot to improve. There are people who are genuinely working to bring something better than the old one, mankind is always in a struggle to change the good to better and better to the best. That's why we see a large number of coins and tokens in the crypto market.

dangful

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Quote from: Mary_Swift on December 26, 2017, 01:46:39 AM

Quote from: nextel on December 26, 2017, 01:30:57 AM

That's very simple:
1. They want to be rich.
2. They're able to make another cryptocurrency because they are geeks and developers.
3. It's very easy to build a project cause if they have #1 & #2.

Even me I can create my own coin by using Ethereum geth platform and use their ERC20 smart contract.

Do you also want to create your own cryptocurrency? The reasons which you called encourage to do this...

I agree with the earlier statement but the real problem is to find the purpose of making a currency because today each currency have their own vision of projects into different fields.
As blockchain source code is open source then everyone has the right to download, redesign, redistribute and even use it for their own advantage or purpose.
But reasons behind it it's either want to get rich quick and having a dedicated to team.

Shaminyue

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From my point of view, creating their own coin is not for nothing. For those who have excellent idea but dont have enough capital to work on it, if they're lucky, they can get huge amount from their coin and make their dream come true

dangful

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I Think every computer geek, a programmer or a developer can be able to make or run his own Cryptocurrency coin but it may differ on his capabilities on maintaining the whole running system.
That's why ICOs are building their own projects so that coin will give importance to the holders and investors.
So, if you're a computer guy, a geek, a developer and you want to be rich then you'll be lucky if you're into Cryptocurrency development.

DRAWDE_3691

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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

It is not a waste of time. Some wants to make a project that will boom or be like other alt coins. Some only use it to gain and scams others. They will definitely earn from the coins they made, honestly or not. Grin

Mary_Swift

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Quote from: nextel on December 26, 2017, 01:30:57 AM

That's very simple:
1. They want to be rich.
2. They're able to make another cryptocurrency because they are geeks and developers.
3. It's very easy to build a project cause if they have #1 & #2.

Even me I can create my own coin by using Ethereum geth platform and use their ERC20 smart contract.

Do you also want to create your own cryptocurrency? The reasons which you called encourage to do this...

panjay

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There are people who want a better tech than bitcoin, so they make their own version if you can see many infographics people will make a comparison with another btc/alts and they will said " my coins is better".

but no most of them just want an easy money with premine and stuff or even ico. Money grab,

KingScorpio

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Activity: 1470

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Quote from: nextel on December 26, 2017, 01:30:57 AM

That's very simple:
1. They want to be rich.
2. They're able to make another cryptocurrency because they are geeks and developers.
3. It's very easy to build a project cause if they have #1 & #2.

Even me I can create my own coin by using Ethereum geth platform and use their ERC20 smart contract.

it is actually necessary that there are people doing this, if there wouldnt be there wouldt be a avery strange economy,

the economy regularily increases its efficiency, the society needs people that use the surplus funds creatively,

many ico founders are just wasting ressources, and create a meaningsless hype.

so they dont have a utlity

regards

nextel

member

Activity: 154

Merit: 10

Next Generation Agreements for Everyone on The Eth

Quote from: akmittal on December 26, 2017, 01:29:51 AM

The coin is the share of the project. The people need funding for their project so they launch their coin and distribute coin as their share. But some people also launch coin to collect money.

Well, the first statement is partially has a point but it's very easy to find and build a project and look for the support if needed because they're capable of making their own Cryptocurrency because Bitcoin core and Ethereum geth is open source

Liquidathor22

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There is a token right which is called PENIS TOKEN (PNS). Another ICO's which I think don't have any future or plans for the future. LOL There are many ICO's happening right now, most of them just want to ride the popularity of bitcoin.

nextel

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Activity: 154

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Next Generation Agreements for Everyone on The Eth

That's very simple:
1. They want to be rich.
2. They're able to make another cryptocurrency because they are geeks and developers.
3. It's very easy to build a project cause if they have #1 & #2.

Even me I can create my own coin by using Ethereum geth platform and use their ERC20 smart contract.

akmittal

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Activity: 252

Merit: 102

The coin is the share of the project. The people need funding for their project so they launch their coin and distribute coin as their share. But some people also launch coin to collect money.

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