Topic: why so many currencies? - page 6. (Read 3051 times)
There is just one easy answer of the question why they ecist so many different cryptocurrencies. The most people who are creating one, want tjust the make fast money. Thats the only reason. The top ten altcoins are good for paying, and it dont need so many different cryptocurrencies. So watch out which cryptocoins you will support. Many of them will dissappear in the future, and the coins will be worthless. So maje good researches and think good before oyu invest in any altcoin.
There are so many coin in market because people have seen that crypto is the way forward. I think it's good for crypto business too we can have as many options to choose from.
Yes , there are so many currencies now so it's difficult what currencies are we get and also, we can't sure if all currencies now are original because there are many currencies are just scam now.it will a big help because it will be a great platform in the market but we need to separate of filter it to those fake, and older currencies
There are so many coin in market because people have seen that crypto is the way forward. I think it's good for crypto business too we can have as many options to choose from.
Well, thats a good for me so we can find and choose a good coins for us that was just normal for me as long as there is a good value in the market. We can find and choice which coins that suit for us.
I think its because there are so many people around the world and they also want have make a good history in the future of blockchain. I dont compain about so many coins in the market atleast we can choose in which coins is the best for us. Even there is a milions of coins out there if you dont like that coins then let them be.
It is the same questions that comes in my mind.
Why so many currencies ? If they think that it will happen like Bitcoin (from the bottem now it is 7k) they are wrong, it is true that history repeats itself but now I Don't think it will be the case.
Why so many currencies ? If they think that it will happen like Bitcoin (from the bottem now it is 7k) they are wrong, it is true that history repeats itself but now I Don't think it will be the case.
Most currencies are not used for anything. They could use eth instead. But hey, money.
Businessman, rich investors are learning that crypto currencies are fast evolving now a days that is why they are creating their own coins. Companies creating own cryptocoins and use it as mode of payment for their products so they or their company would more benefit.
Hi All,
Please help me understand in plain English how will we benefit from so many currencies?
I see so many startups with decentralized blockchain ideas with their own crypto currency.
Today I purchased oatmeal directly from a mill at their website.
This mill sells its products thru grocers and other online stores as well.
They probably gave 3% to the credit card company, which they could reduce by using blockchain.
But if every store and every business starts creating their own currency, then I will have to go thru an exchange to convert BTC or ETH to that coin to make some purchase.
Then we would need miners to process all those transactions in various coins.
Why can't they just use ETH? Just like all IPOs use dollars.
Thanks in advance
There are lots of currencies all over the world, every country has their own currency like Euro, Dollar, Peso, Yen etc. This currency is made by the government and it is arbitrary which it is being decided by many people. Please help me understand in plain English how will we benefit from so many currencies?
I see so many startups with decentralized blockchain ideas with their own crypto currency.
Today I purchased oatmeal directly from a mill at their website.
This mill sells its products thru grocers and other online stores as well.
They probably gave 3% to the credit card company, which they could reduce by using blockchain.
But if every store and every business starts creating their own currency, then I will have to go thru an exchange to convert BTC or ETH to that coin to make some purchase.
Then we would need miners to process all those transactions in various coins.
Why can't they just use ETH? Just like all IPOs use dollars.
Thanks in advance
Because this is a new interesting market, which is quite easy to enter. Therefore, everyone wants to take advantage of this opportunity.
Just to make the noobs believe this is the "the next Bitcoin" which of course they aren't.
99% of the altcoins are centralized and have no real purpose except promising the heaven to you. It's all about buzz words and marketing.
If you're smart you can play this game and make some really nice profits. That's why I'm glad altcoins exist.
They allow me to grow my Bitcoin stash.
Well, this is also a market, not only an currency changer or job. It is a market so there have competition in this. And i know that not all of the currrencies are worth it because there are some that only a scammer just to steal or get your money not all currencies are legit. So don't trust the not known currencies don't take a risk. Better to research about the coin you like 99% of the altcoins are centralized and have no real purpose except promising the heaven to you. It's all about buzz words and marketing.
If you're smart you can play this game and make some really nice profits. That's why I'm glad altcoins exist.
They allow me to grow my Bitcoin stash.
Just to make the noobs believe this is the "the next Bitcoin" which of course they aren't.
99% of the altcoins are centralized and have no real purpose except promising the heaven to you. It's all about buzz words and marketing.
If you're smart you can play this game and make some really nice profits. That's why I'm glad altcoins exist.
They allow me to grow my Bitcoin stash.
99% of the altcoins are centralized and have no real purpose except promising the heaven to you. It's all about buzz words and marketing.
If you're smart you can play this game and make some really nice profits. That's why I'm glad altcoins exist.
They allow me to grow my Bitcoin stash.
Because they serve different purposes and are built on different algorithms. Even Bitcoin core itself has been reinvented a couple of times so far to test a new idea or go in a different direction than originally designed.
Bitcoin is not perfect.The algorithm that verifies the authenticity of Bitcoin’s transaction is approximately 10 minutes. But Lightcoin and his forks are translated much faster simply because the authentication algorithm takes less time.
Did you know that many coins in cryptocurrency means the crypto keep developing ?
A new coins must be develop to gain more advantage over existing coin, otherwise they will be a dead coins.
The survive new coins means they was developing, and this makes our cryptocurrency have many features each coins.
A new coins must be develop to gain more advantage over existing coin, otherwise they will be a dead coins.
The survive new coins means they was developing, and this makes our cryptocurrency have many features each coins.
There are tokens not currencies, The only considered crypto currency in digital world is bitcoin and fiat. If you notice ETH, WAVES, Monero, Dogecoin and ect. are all transferable to bitcoin and USD meaning this all coin is considered as token because they are used by ICO's as toke or coin. Some ICO and blockchain create there own token or coin but not currency.
There are not many kinds of currencies, but a lot of tokens are being produced at the moment
everyone wants to earn money, so there are so many new ICO with new tokens
everyone wants to earn money, so there are so many new ICO with new tokens
The crypto market is a free x=zone where anyone can venture in and create their own idea, there are still gaps in the market that needs to be filled hence the many coin trying to bring relevance into the scene, some succeed some don't, that's just how crypto is
I think the answer is simple. There is a boom on cryptocurrencies and everybody want to take their own piece of pie.
Of course after some time, most of cryptocurrencies will disapear, but ones that left will be really "strong" and expensive
Of course after some time, most of cryptocurrencies will disapear, but ones that left will be really "strong" and expensive
Hi All,
Please help me understand in plain English how will we benefit from so many currencies?
I see so many startups with decentralized blockchain ideas with their own crypto currency.
Today I purchased oatmeal directly from a mill at their website.
This mill sells its products thru grocers and other online stores as well.
They probably gave 3% to the credit card company, which they could reduce by using blockchain.
But if every store and every business starts creating their own currency, then I will have to go thru an exchange to convert BTC or ETH to that coin to make some purchase.
Then we would need miners to process all those transactions in various coins.
Why can't they just use ETH? Just like all IPOs use dollars.
Thanks in advance
Please help me understand in plain English how will we benefit from so many currencies?
I see so many startups with decentralized blockchain ideas with their own crypto currency.
Today I purchased oatmeal directly from a mill at their website.
This mill sells its products thru grocers and other online stores as well.
They probably gave 3% to the credit card company, which they could reduce by using blockchain.
But if every store and every business starts creating their own currency, then I will have to go thru an exchange to convert BTC or ETH to that coin to make some purchase.
Then we would need miners to process all those transactions in various coins.
Why can't they just use ETH? Just like all IPOs use dollars.
Thanks in advance
why do you expect something to be left at all, maybe there will be an eternal period with volatile unreliable currencies. like it was in the past, throughout whole human history
just think about the big currencies that dissappeared: deutsche reichsmark, all those royal currencies, of various dynasties. etc. these people of course took controll over the banks later, but nevermind.
those that work for money they suffer when there is a financial syndicate controlling everything with their agenda, like its the case in many countries in the developed world as well, i am not even going to discuss the developing countries.
Cryptocurrencies are everywhere not just in one or two countries. It's a combination of stock market and Forex trading, all in one with it's famous technology we use blockchain. We have several altcoins and I think every country will build token on smart contracts which it can be use in the future.
If use the one coin in all country. It affect the market price and not reach the all country people for the future saving. So you need to create the coin more and release in the market place. Market is helpful to reach the all country people. So more coin release in the market place. It helpful to for the people growth and future saving. All country people learn more information. Nowadays most of the coin use all country people. All price is any time to change. So most people check the price and invest. It help to future improvement and choose the best coin for the invest. It help for plan to work.
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