Topic: Why people try to create their own coins? - page 86. (Read 11262 times)
In the early days of crypto, it was so easy to make a scam coin. Get Bitcoin open-source code via github, change one setting and make an image icon, and viola an altcoin was born that exchanges were eager to list. At least now-a-days if a scam coin ever hopes to get remotely noticed, they are going to have to put some work in on building a brand and software. Today's scams seem to be going the ICO/Ether token route as it's easier.
There are so many coins, but many of them just a copy of anothers. Why they waste their time for nothing? 
Some just wasting their time, some became instant millionaire
There are so many coins, but many of them just a copy of anothers. Why they waste their time for nothing?
Its not actually a waste of time but this is the best way to make fast huge money but you would need to make your hands dirty.We do really witness that almost everyday there are lots of new coins which is launched and being announced.If people do tend to make investments on it and as a developer or coin owner you will surely get benefit on that and make money.If i do have the funds and skills i would definitely do the same thing which i would create my own coin and make some serious money 
Only easy money from somebody who dont know anything about blockchain.
Those people hope to get fast and easy money for nothing.
I think for monetary reason. They copy and announces the new coins' advantages like cheaper and profitable. Inviting investors and sometimes takes it all.
I think that new coins are just an image of a coin that was given a particular value by exchanges. And used as a capital. Like barter
I think that new coins are just an image of a coin that was given a particular value by exchanges. And used as a capital. Like barter
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There are so many coins, but many of them just a copy of anothers. Why they waste their time for nothing?
Well, it differs . some creating coins just for their own usage and some other create it for their business identity. Some for vanity. It differs from the creators but mostly reasons are for their business to Crowdsource via ICO and with that great effort I don't think that they are just wasting their time 
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.
I think to except chasing for wealthy, people wanna make their stamp to become a famous person. 
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.
It's a new way to attract new potential investor so for new investor may be careful ! Of course not all ICO is scam , usually ICO provide more profit compare with bitcoin trading.
I'm prefer to keep invest on bitcoin as I can see bitcoin already reach $ 5500 which is insane and unexpected !
I'm prefer to keep invest on bitcoin as I can see bitcoin already reach $ 5500 which is insane and unexpected !
Naturally one would assume coin are been created because of excitement of discovery by a given Dev. When someone discover that he could make certain tech work better or create wonderful service out of existing protocol etc
There are so many coins, but many of them just a copy of anothers. Why they waste their time for nothing?
People who make those coins won't waste to much of their effort and time if it was all for nothing. Even if it is legit or scam, they are still after the money.
Main reason always is money. everyone want it .
investors know this is scam coin ( no new Tech like ETHD ) just is clone coin but they want money . someone later they miss it and lose money
ETHD high $4 and now coin dead $1 and swap to token .
investors know this is scam coin ( no new Tech like ETHD ) just is clone coin but they want money . someone later they miss it and lose money
ETHD high $4 and now coin dead $1 and swap to token .
First of all, don't believe in ICO which will promise you an unbelievable income! 
I think ICOs do not in general promise any profit/income else they have legal liability. Or am I wrong?
First of all, don't believe in ICO which will promise you an unbelievable income!
because everybody want their piece of pie, among the ico mass you will have passionate people launching their project, you need to invest in this people
It makes a little bit of sense that people that are within different areas of business not just Banking have the right to play around with Blockchain technology.
They dont waste their time for nothing. They use their time to either develop a legitimate project or a scammy project. It is up to us as the users to decipher which is which.
The scams and all the ICO's that the developer is putting on the Internet all add up to a single project that will lead more people into investing in that scam.
Very Unfortunate my friend. Copycats exist in every areas of our society not just crypto. They usually do not understand the true purpose of what they copy.. Original creators create to solve problems but their motivation is the economic gains. They copy with tiny modifications and zero innovation.
Think fast money is the first reason, then perhaps really desire to improve something, well, finally the ignorance of existing competitors (and therefore the creation of duplicate product)
because everybody want their piece of pie, among the ico mass you will have passionate people launching their project, you need to invest in this people
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