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Topic: Without Ethereum , Cryptocurrency Market won't be flooded with Scam coins. (Read 164 times)

newbie
Activity: 115
Merit: 0
Lol, but there is a little truth in this. Don't get me wrong, ethereum remains one of my most favorite coins in the industry, but without it, most of these scam coins wouldn't have been all over the place. A lt of them are built on its blockchain and it is one thing that seems pretty easy to do. So anyone thinks of a scam project, and booom, build it on ethereum's blockchain.
sr. member
Activity: 812
Merit: 250
And if there is no ETH. Then the market will not be as developed and diverse as the present. You should look at many different aspects. The scam ICO is unavoidable because selfish greedy individuals make it. The birth of ETH changed the history of crypto
newbie
Activity: 27
Merit: 0
 I don't think that's the right thing. in my opinion, ETH is an important coin in the Crypto market. if indeed the ETH increases fraud, the market will grow like this. I don't think this is true.
member
Activity: 462
Merit: 10
I think this is not reason the market down, smart contract technology of Ethereum very usefull for many different industry and many starts ups been use it to increase their service and product. Also is not all token based on Ethereum is failed, there are also many project that user smart contract of Ethereum was successfully and give huge return to the crypto community.
member
Activity: 560
Merit: 11
Without Ethereum network and smart contract, cryptocurrencies market won't be flooded with much duplicated coins, which has yielded to so many scams. I think without Etherum, we will have Bitcoins, Dash, Litecoins and few top coins which made the competition so stiff that coins went higher often. Now the market is flooded and investors are now investing their monies across these coins, hoping to find the next bitcoins. These coins are the reason why the market don't get up but always trending downwards.

What a nonsense!))) Don't you think that there would be analogue for Ethereum by now? Smart contract is a great thing that has brought crypto transactions' security to a higher level. When Ether was going through the ICO stage it used to cost 0,5$, and now (in the bear market time) it is about 500$.
hero member
Activity: 2282
Merit: 505
I'm not sure about it. Scams and altcoins at all will be alive in each possible way of crypto's development. The markket can not live without them.
The scam coin has already existed since the source code of bitcoin has been leaked by someone to the community. OP doesn't know what he was talking about that. It seems like op needs to learn more about that,.
jr. member
Activity: 168
Merit: 2
The ProFish online marketplace & tournaments
I agree with you to some an extent but it is good to know that every technology has it's good and bad sides, you are only talking about the bad sides, what about the good sides of ethereum? Ethereum introduced smart contract meaning without ethereum maybe by now we won't have know what is smart contract. It's true that there are some scam coins but it is left for investors to invest in good coins.
jr. member
Activity: 173
Merit: 1
“The Premier Digital Asset Management Ecosystem”
I'm not sure about it. Scams and altcoins at all will be alive in each possible way of crypto's development. The markket can not live without them.
member
Activity: 630
Merit: 20
Know what? I have been thinking of this, too in a long time ever since I knew the potential of it. Most of the erc20 tokens are using ethereum based blockchains. If ethereum doesn't developed and discovered, then maybe, just maybe that they will never be shitcoins that are dependable in eth.

But in the contrary side, there are still advantages of it in which it helped in the success of the other coins.
member
Activity: 238
Merit: 10
In my opinion, you are wrong in this question. It doesn’t matter which altcoins are here, scams and flooding will be forever on the market. Each system has its own disadvantages and the crypto-market is not exception. We can live with it only.
newbie
Activity: 180
Merit: 0
Without Ethereum network and smart contract, cryptocurrencies market won't be flooded with much duplicated coins, which has yielded to so many scams. I think without Etherum, we will have Bitcoins, Dash, Litecoins and few top coins which made the competition so stiff that coins went higher often. Now the market is flooded and investors are now investing their monies across these coins, hoping to find the next bitcoins. These coins are the reason why the market don't get up but always trending downwards.

absolutely right, with so many current coins with ethereum network making more choices in trading and investing and this makes why prices are now difficult to rise and experience trend down

the solution is how to increase the return value of each current coin until it reaches the highest point again as it has ever happened
hopefully can make the attention for the developers
hero member
Activity: 2996
Merit: 600
Eloncoin.org - Mars, here we come!
I don't blame ethereum on this, it's part of its feature and innovation.

Blame the scammers that are too genius of thinking and does have an never ending strategy on how to scam people. Ethereum isn't the only crypto that does have ability to create new coin, don't forget about nem, waves, etc.
full member
Activity: 392
Merit: 100
platform for everyday business
Without Ethereum network and smart contract, cryptocurrencies market won't be flooded with much duplicated coins, which has yielded to so many scams. I think without Etherum, we will have Bitcoins, Dash, Litecoins and few top coins which made the competition so stiff that coins went higher often. Now the market is flooded and investors are now investing their monies across these coins, hoping to find the next bitcoins. These coins are the reason why the market don't get up but always trending downwards.
actualy when did you get that kind of hoax information that because of ethereum  coins and smart contract the  market would be flooded with much duplicate coins and my question is how could  they can duplicate  those integral numbers  or  a figures? even they can duplicate those smart contract,its not easy to  configure those many kind of number and the blockchain market will notice or detected it if its genuine or not,therefore maybe those information that you heard is misleading and could create FUD or havoc  into the world of cryptocurrency.
member
Activity: 322
Merit: 11
Thank you for +Merit
Without Ethereum network and smart contract, cryptocurrencies market won't be flooded with much duplicated coins, which has yielded to so many scams. I think without Etherum, we will have Bitcoins, Dash, Litecoins and few top coins which made the competition so stiff that coins went higher often. Now the market is flooded and investors are now investing their monies across these coins, hoping to find the next bitcoins. These coins are the reason why the market don't get up but always trending downwards.
If you follow your logic, then you should cancel the fiat money and the scammers will disappear altogether. In fact, a large number of scammers says only that today there are too few tools to combat them.
hero member
Activity: 770
Merit: 501
100% false if you were around before ethereum deployed smart contracts, go back and look at the year 2013/14 tons of scam coins were being made, they would release a coin with a huge premine, than dump on people buying the coin you had to be more careful back than, than you have to today.
hero member
Activity: 714
Merit: 500
without EThereum, dev can create self coin
another can use NXT token, waves token similiar ETH token service
JNR
full member
Activity: 585
Merit: 100
@JNRcryptobox
the causes is not with ethereum, because without ethereum cryptocurrency will not so popular like this moment too
smart contracts is very good idea in crypto world, you can see a lot of project coming with smart contracts now
newbie
Activity: 251
Merit: 0
True, the amount of coins that are being made on the ethereum platform is just insane but that aside, it is not the fault of the ethereum creators that people are always greedy and will always try to use something so great to satisfy their own personal greed.
sr. member
Activity: 893
Merit: 250
Without Ethereum network and smart contract, cryptocurrencies market won't be flooded with much duplicated coins, which has yielded to so many scams. I think without Etherum, we will have Bitcoins, Dash, Litecoins and few top coins which made the competition so stiff that coins went higher often. Now the market is flooded and investors are now investing their monies across these coins, hoping to find the next bitcoins. These coins are the reason why the market don't get up but always trending downwards.
Is this a joke? Man, have you seen the history of ethereum itself? it has started form the open source code of bitcoin. Before ethereum was alive and a lot of scam coins has already created through use the bitcoin open source code. You should learn a lot about the history of crypto before try to judge anything about it.
full member
Activity: 476
Merit: 107
Scammers will find a way to mimic and impersonate everyone, everything and everywhere. This has nothing to do with Ethereum, NEO, EOS or any particular platform or company.
You are right because they can still scam people without those platforms that help them create their own coins or tokens easily. With programming skills, I think they can still fork a coin or two and launch their shitty ICO's without Ethereum's help. That being said, do not blame ETH OP, it is one coin with real world use cases and its smart contract is meant to enforce negotiations and increase and not to scam people.
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