so actually this is not a waste of time but a good opportunity for them 
Topic: Why people try to create their own coins? - page 89. (Read 11254 times)
because at the end of the day this (waste of time ) make them millioners so actually this is not a waste of time but a good opportunity for them
so actually this is not a waste of time but a good opportunity for them 
There are so many coins, but many of them just a copy of anothers. Why they waste their time for nothing? 
Who said it's a waste of time ? It;s not waste of time if you're making a million dollars out of it.The winning chances are less,but still they have some chance.How many successful ICO's ever released a completed product ? Apart from Lisk/ETH and a few notable coins,I don't think any ICO's are actually used on a production world wide.
There are so many coins, but many of them just a copy of anothers. Why they waste their time for nothing?
Who said it's a waste of time ? It;s not waste of time if you're making a million dollars out of it.The winning chances are less,but still they have some chance.How many successful ICO's ever released a completed product ? Apart from Lisk/ETH and a few notable coins,I don't think any ICO's are actually used on a production world wide. 
There are so many coins, but many of them just a copy of anothers. Why they waste their time for nothing?
There can be a lot of reasons behind any ICO. Just like machine inventions. Some people may have built an ICO, for the purpose of helping the world. To make it better in the way that they know. While some does it to earn money for a various purposes. While others do it for greed or just scamming. While some just do it for fun.
But there really can be more reasons. The ones i have mentioned are the ones that i think are most common.
It's mostly about Get. Rich. Quick.
Plenty of people clone major open-source coins just for the learning experience, but you don't see those coins on coinmarketcap.
Plenty of people clone major open-source coins just for the learning experience, but you don't see those coins on coinmarketcap.
I don't know about fame.. I mean how many people outside of crypto know who satoshi is or vitalik.
People will create their own coins for their own project and some of these projects could be successful, recently people are leaning more towards the creation of a token on the ETH platform as it seems that much easier to do.
Due to the attention that is now focused on the ICOs there will be a lot of people coming along and creating an ICO for no other reason than to rip people off, this will happen for sure and we as a community need to be aware of this.
Due to the attention that is now focused on the ICOs there will be a lot of people coming along and creating an ICO for no other reason than to rip people off, this will happen for sure and we as a community need to be aware of this.
People create their own coins for profit and fame.All businesses aims at profit and you get fame if your coin is accepted and in demand by the crypto currency network.
Yes, clear and simple.
Money is the key factor for most of these guys, you'd be surprised how many of these guys are running multiple projects as well.
Money is the key factor for most of these guys, you'd be surprised how many of these guys are running multiple projects as well.
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.
The reason I am thinking about creating a coin is because I truly believe my idea has not been executed before. More importantly, I think my project could create more equality and a fundamentally different face of capitalism and a libertarian economy. But I agree with you that about 99.5% of coins have no legitimate purpose besides further funding blockchain/crypto development or their devs becoming rich.
Thanks for reading and goodnight :-)
Thanks for reading and goodnight :-)
The reason always is money. Some people got serious ICO and invested in project others just create their own shitty coins to try get money fast.
Money. The reason a lot of people do a lot of things. So many scams now it's silly. Create a crap coin, get a bunch of people to buy it, pump it on an exchange and sell everything to disappear on an island for the rest of your life.
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.
There are so many coins, but many of them just a copy of anothers. Why they waste their time for nothing?
Reasons vary from person to person. Some want to finance their projects, other wants to make quick money.
From what I'm watching lately, there is enough market space for all, including the eBTC
There are so many coins, but many of them just a copy of anothers. Why they waste their time for nothing?
Jump to: