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Topic: Why people try to create their own coins? - page 79. (Read 11262 times)

member
Activity: 102
Merit: 10
December 26, 2017, 01:28:43 AM
I think they were the people who have their own vision. They want to make use of the technology that is why they create their own. Those people are there for a purpose,they just didn't waste their time.
full member
Activity: 322
Merit: 100
December 26, 2017, 01:25:27 AM
There are so many coins, but many of them just a copy of anothers. Why they waste their time for nothing? Grin
People do their own business, which in their opinion must necessarily make them rich. It's just the creation of your project, there are so many now, and it's very good that people are inventing something new even though sometimes on the model.
newbie
Activity: 114
Merit: 0
December 26, 2017, 01:22:51 AM
Some of the coins have innovations and visions, some of them just wanted to earn money by creating their own coins in the market. I guess you need to differentiate what to trust your money in.
member
Activity: 294
Merit: 10
December 26, 2017, 01:22:05 AM
I think they are just trying to get alt-coin cheaply and sure do not expect losses
hero member
Activity: 1316
Merit: 503
December 26, 2017, 01:21:19 AM
There are so many coins, but many of them just a copy of anothers. Why they waste their time for nothing? Grin
simple, because they want to make a profit.
You make a coin and sell it with ico, even though ico does not go according to your plan but for the reason that your wallet coin has been hacked and you will be able to get all your ico investors' money. hahaha funny is not it?
full member
Activity: 210
Merit: 100
December 26, 2017, 01:18:13 AM
there are people who are creating forks only for money and on the other hand there are people who have the chance to a better idea of enhancing an old coin to a really better coin fast transactions low fees the ability to handle millions of transaction without lagging or waiting a long time but you to be careful on which project you trust 
sr. member
Activity: 1470
Merit: 325
December 26, 2017, 01:04:14 AM
There are so many coins, but many of them just a copy of anothers. Why they waste their time for nothing? Grin

it gives a financial opportunity segregated from the current established financial system, that is complicated and overregulated and under controll by small syndicate like groups

the worst part if it are basically the billionaires that abuse the salary slaves (trapped in state financial licensing zones) to build and run them income sourses.
full member
Activity: 224
Merit: 100
December 26, 2017, 01:01:39 AM
its like asking why people making movies, instead of watching movies on the TV
hero member
Activity: 868
Merit: 506
December 26, 2017, 01:01:17 AM
We cannot deny some of these people just want peoples money. But these are also many of these coins that offers better innovations and technology than the others. So it really don't matter for me. We just have to DYOR and interact with other people especially the experienced ones before  investing.
member
Activity: 210
Merit: 10
December 26, 2017, 12:59:05 AM
Why is that? By writing a new white paper and a technical route, you can cheat tens of millions of dollars. Why not release new COINS?
member
Activity: 238
Merit: 10
“The Future of Security Tokens”
December 26, 2017, 12:57:24 AM
Some want to express their vision of a crypto, others just want you money:)
newbie
Activity: 114
Merit: 0
December 26, 2017, 12:41:18 AM
Because they wan't to earn more. They think of creating their own coin to generate more profit. The problem with these ICO's is that they don't have potentials in the market ending to just a scam.
member
Activity: 154
Merit: 10
December 26, 2017, 12:38:54 AM
Many reasons that make them think to make their own coins. What I am thinking is that they are too chased for wealth, everyone will want it, but actually they should also think about whether their ICO will be as successful as other coins that exist today.
newbie
Activity: 38
Merit: 0
December 24, 2017, 02:38:56 PM
Some use as a crowd funder for their startup, or ongoing project, some see new ways they can implement blockchain tec into their business, and some want to get rich quick. Also there is novelty factor of trading your own coin.
member
Activity: 182
Merit: 10
December 24, 2017, 02:25:11 PM
What you are thinking of? ofcourse they are creating their coins for the money to fullfill their greediness.
full member
Activity: 210
Merit: 100
December 24, 2017, 01:14:03 PM
People want to leave a mark on history. They think that if they came up with the name of a new coin and made a copy of an already existing coin, then they will be remembered as the creator of their own crypto currency.
member
Activity: 84
Merit: 10
December 20, 2017, 01:12:18 PM
Basically for getting big financing in a short time. iCO gives you the opportunity to use the tools as you like, most ICO now have a SCAM.
Yes, most coins become wrappers with time. Too many coins now. I hope, over time, the field of ISO will get rid of so many fake projects
We're hoping that they gonna abandoned those fake ICO's that are popping lately. We're hoping for the best to everybody who's in this industry.
full member
Activity: 149
Merit: 100
December 20, 2017, 01:08:04 PM
There are so many coins, but many of them just a copy of anothers. Why they waste their time for nothing? Grin

Reason why so many people create their own coins or tokens i think it just for quick $$$
of course, most of them project just alive for 2-3 month and then gone...



Exactly, I dare say 95% of all ICO are a scam in order to get new funds. Just wait for when the market turns to a long term bear mode and these scams will probably die out. It's just unfortunate for all the money people will have lost on these useless projects, hopefully going forward people will get more serious on due diligence and really scrutinize all the new coins popping up.
member
Activity: 266
Merit: 11
December 20, 2017, 01:03:58 PM
Basically for getting big financing in a short time. iCO gives you the opportunity to use the tools as you like, most ICO now have a SCAM.
Yes, most coins become wrappers with time. Too many coins now. I hope, over time, the field of ISO will get rid of so many fake projects
full member
Activity: 616
Merit: 100
First Islamic Crypto Exchange
December 19, 2017, 08:17:55 AM
Basically for getting big financing in a short time. iCO gives you the opportunity to use the tools as you like, most ICO now have a SCAM.
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