Bitcoin Forum

I was just wondering after the altcoin being successful there have been more unreasonable coin that has been created, hence there are more people will  doubt it, and seriously more and more coins has being created just for profit I mean you can gain some profit off of it but its not the reason why a founder should create one.

After seeing so much coin being created and been abandoned with gaining profit from it made me think that if the new coin stops coming then we could focus more on some reasonable coin and some coin that is currently being developed.

I think this is part of the justice equation and an important responsibility for the crypto community to answer.  We all need to be thoughtful of this situation where massive releases of fraud coins are released with the simple goal of any profit rather it be $1 or $100,000 or $1,000,000.

What about a justice coin that would reward freelance crypto justice enforcement by payment via crypto currency? 

I really think this is important.  I don't have any plans to be a coin developer but I want to learn more about what goes into this process while also continuing to pursue a justice mechanism that would greatly reduce the number of crap coins being released all the time.

Maybe reputation is another factor to somehow be worked into the equation.  But then that makes market entry really difficult for people without reputation.  And of course, how could we track reputation while still protecting privacy?  I mean, that's pretty much done on these boards if people are careful.  So it is possible. 

It doesnt matter at all cos numerous quantity of alt coins dont affect on market at all cos if it's shitcoin, noone will support it and that alt eventually will fall down. So, I think it's really unreasonable to control their emmisiob but ICO's gotta be controlled by ourselves by increasing requirements for team revealing (live streams, events). Not just TG chat with "Give us money for..." title.

I don't think we can stop creating of new altcoins. I don't think we should try to do it, because the market clean itself and only the best projects will survive.
Probably we should think about some regulations or some deposit being paid before creating a new coin, this way the creators will be more careful and will make sure their product will survive.

I see no problems here, anyone is free to create his token or coin. It's up for the people to use their brains before investing.

completely agree with you. everyone should use his or her brains before investing somewhere. But to my mind it would be great to find some principle or method to prevent so massive fraud projects. Of couse the market has it`s own rules and only the strongest survive, but it is better to prevent.

That would be good thing to do. But unfortunately we cant control it as we are leaving in the world of decentralisation now. I mean the crypto dont ask for your single decision but anyone can go and create the source code foe themselves.

Also if we stop them creating then people will really not get interest on limited coins because they always need new projects with low cost of investment. That could be another reason which can disturb the whole thing. But its good thought, that change many things but we dont have investors like minded!

I don't mind if the new coin has a good innovation it will be bad if they just copy cut existing project and earn the profit by doing that. There are so many alternative coins out there but only small of them are really great whether it's feature or utility. However, it is too hard to stop this because people are just don't care about it they just want profit. I think we have lost count of how much coins have been created out there.

Not going to happen because ICOs are unregulated as part of decentralization of cryptocurrencies no one can stop people from launching their own ICO as far as i am concerned these projects are created by mostly  people who want to get wealthy faster than anyone else,they can raise millions of funds from investors which is why they wont stop creating over and over.

You won't be able to stop it and the number of new coins will just keep on growing.
Altcoins brings money, as new creation of a coin usually drives the creators to start an ICO, which brings them money( and at the same time it decreases the price of ETH).
As long as new creation of coins will bring money to their creators, we will see more and more to be created, we can only stop them by avoiding entering newly generated tokens/coins.

This is world going behind the competitions for each and every field. This is happening now in the crypto currency side as well. Lets all altcoins fight each but as investors we people only chooses the famous and potential coins in the market.
Since smart contracts has been evolved with the help of ethereum we has found and gave the way to come for various projects.

Now NEO, XLM are being part of smart contract works mate.

I think crypto era is just starting so we are just at start and tokenization of businesses and services will pace up with time, i guess we will have more than 5000 tokens active in next 3 years.

You and so can concentrate on some reasonable coin. For this, it is not necessary to suspend or ban ICO campaigns. I'm generally against suspending the ICO as a kind of activity. Despite many of its shortcomings, and above all the high probability of fraud on the part of the ICO team, on the whole this activity is very useful and necessary. Along with the creation of useless tokens, sometimes ICO projects are very necessary and very useful. Let the value and usefulness of each token determine the market and we should not interfere in this activity.

It's a free market, if you don't agree with a specific ICO, then you can just don't participate, or even take it far away and tell other people not to invest in this ICO( anti-advertising).
Technically it is impossible to prevent one from creating a smart contracts for ICO, and publishing it to the crowd, and you can't prevent the crowd from investing in the ICO.
If you don't agree with a campaign then just don't invest in it, simple as that, at the long run the junk ICOs will just end up being non-valued.

But how exactly is that a bad things if i ask you. Block chain is a revolution to be beheld in itself. It's uses and applications are virtually endless. And there such a talented community working hard day in and out to find solutions to various problems. The possibilities are endless, so what is the good being done by not adapting to altcoins.

The huge  crypto and blockchain innovation boom has not even matured yet so it is too early for the new ICOs and altcoins to slowdown. Of course, there are going to be good and bad projects so investors have to dd DD before investing.

The answer to this question is a stifling no. The original code for the creation of the blockchain and bitcoin network is an open source code. That means that anyone with the know how, can freely duplicate the entire dynamic of the system. Setting up an endless amount of clones.
    It's our job as members of the community to keep the conversation going, because we are the speculators, voicing our concern with the equality of the community. Without a diverse community of active participants, a coin will fall flat on its face in failure, being there no support to stand behind it.

Usually, creating more money is a bad thing, because this way people have more to pay while the amount of goods stays the same. One could by analogy think the same about cryptocurrencies, but it would be wrong, since almost every new coin has its new project and product. They don't share the same niches and, while all of them in general might be foes with fiat, they are not foes among one another.
Massive creation of altcoins cannot be stopped, because this is an open society where everyone should get a chance to build something. Eventually, the useless majority will just die because of not being needed anyway.

Wont stop,not unless these ICOs are going to be regulated so that not all the people can launch their own ICO because nowdays all of the people who has some programming background can launch their own ICO,and will turn into a big scam and it wont going to stop not unless some agency in the government would step forward to stop these potential scams.

From the mass creation of bitcoins, I think we can not leave, but they should be limited in terms of adding to CoinMarketCap. Now there are already more than 1700 coins and 50% of just old unwanted junk. Add only normal coins and remove inactive undeveloped projects.

No man, you have to look at it on the longer run.  Imagine this, get into this metaphor:

The ICO market is like a food market.  A lot of competition and a lot of sellers of food.  Most food isn't food at all.  You think you ate something but an hour later you get sick.  You paid for something, it was really cheap and you liked it when you bought it, but then you get sick.  Now imagine 90% of the food sellers sell crap food that make you sick.  Will you go to that market again?  No, until there are regulations, the food market will be a place to avoid.  If YOU happen to know the places where you can buy real food, you're lucky.  But as long as crap food is allowed, the market will get flooded by crap food and after a while, you don't know either anymore. :-\ 

With the way and high amount of shitcoins that is entering into the market daily, I feel it should be stopped. But yet, stopping it has it own disadvantages. It's just like putting a stop in innovations that are being created using the blockchain technology. But another thing is that most people use ICOs as a form of way extorting money from people whom are interested in the project and wants to invest.

The shit coins will eventually die, but in that process they would rob the money of innocent investors who are trying the market for the first time and that has to be stopped and we need to regulate the formation of new coins without any use and a regulation must be present on ICO, as that is one of the worst place where people scam and run away with the money.

many wish to be part of the gold rush, once the 'hysteria' is over I think we'll see most coins fade away to nothing and we'll remain with the useful ones

In my opinion we just need one coin and that is bitcoin, you do not need every coin for every other use, we just need bitcoin with all the functions and nothing else, i am sure ICO will be regulated soon because they have raised billions of dollars and majority of them were scams and who knows the rest will fulfill their promise and just fade off with other peoples money. If there is a market adoption for the coin, then it will continue to grow and the rest will die eventually.

Why stop the creation of altcoyins? In order to focus on certain specific tokens, do you need to suspend the activities of all ICO projects? An interesting approach. And then how will you differ from those states that now prohibit crypto currency? There, too, are covered with good intentions, such as the need to combat money laundering, terrorism and other such fabrications.

The activities of ICO, although it has its drawbacks, and in many cases their tokens are really useless, but on the whole this activity brings tangible benefits. Their tokens are very useful and necessary for people. Let the market determine which of the created tokens deserve further existence, and which do not. To make it less fraud, investors need to study ICO projects and its team more thoroughly, and then scammers will not collect multimillion sums.

The active demand for tokens, which do not have either a work product, a main network, or a worthy team, has reached zenith, but, as with any other thoughtless purchases, the excitement feeds on stupidity and at the foot of the mountain a crowd gathered with highly raised empty bowls, saddle the next big wave, make good money and retire early.

Isn't it like other startups? I think it is good to have so much coins if some of them can offer us to real usage and value.

No, it is practically not possible to stop the massive creation of altcoins worldwide, because there will be always countries allowing it or even assist to enforce it to attract entrepreneurs. The only thing you as an investor or user can do is read about the coin you have interest and not just listen to friends or to your stomage. You can also develop a reasonable coin by yourself and this totally independent of whether or not others create huge numbers of coins as well.

it's all caveat emptor right now. no one's gonna save you. all this stuff will have to iron itself out and that's how it should be.

the avalanche of crap is not gonna stop. it's gonna get more crappy and more insidious. that'll drag the morons down and push the quality projects higher.

regulation won't stop it. the only thing that will is to let it play out which is exactly what's happening. this may suck for many but it's necessary and natural.

why to stop appearing of new coins? promising coins will be adopted, scam coins will disappear - it's a natural process.

I guess one way we could argue about that is because a lot of people end up being scammed, which hurts the market as a whole.
but at the same time it's their own fault and, as you said, natural process - darwin!

I think massive creation of altcoin it's not a bad because everybody have right to create it. I see in future when every man can receives payment for own work in own currency.

I think altcoin creation is unstoppable and this is a big problem , I would only few altcoin with fundamentals.

Wyh it must be stoped. Even you get some money from it. It's will make cryptocurrency more known by many people too. Just let them, maybe some coin will be shitcoin but many of them will be success too.

I do not agree with you. indeed there are some newcomers coin aiming to take advantage early only. but there is also a coin that is not like that. If only a little coin in this world, we are faced with little choice. I am very happy with the presence of many coins, because we can choose and filter out the excellent coin

I think it's hard to prevent it, especially when it does not control it. So what we need to do is look carefully at each token and find out if this is true of their goals. It's easy to find out if this is a scam by looking at their profiles if they are true and they have not stolen their pictures.

i think its hard to be happend, or i can said the new creations of new cryptocurrency in masssive is Can not stopped
because all of us know, there is no legal regulations on it
so, everyone can create their own cryptocurrency,
but, not all people can develop their crypto, and the crypto without development will be died soon or later
regards

No, we cannot stop the creation of new Altcoins and we should not even bother about it. the such mechanisms take place automatically in investment sector. The new Altcoins which have a poor idea or a project behind it will automatically disappear when no investor will support it. So it depends on the investors that they should be careful and vigilant about investing in any new Altcoin. But yes there must be some regulation that atleast purely shitcoins which are visible to be shitcoins but are advertised as too great and reach soft cap by such advert must be stopped as they don't have any utility really.

How are you going to decide which "shitcoin" does not have any utility and prohibit advertising for it? I don't think this is the right approach. I think anyone can advertise his business even if it's stupid, as long as he reveals his identity and this way he is legally responsible. People are selling clairvoyant services (psychic reading) which is scientifically false and stupid, but some people believe in it and they are willing to pay for it. You can advertise such service as long as you have legal stuff sorted (registered company, terms and conditions...)
So I would say that any ICO or "shitcoin" can advertise, as long as they are not hiding their name so in case they scam investors, they can be trialled in court.

I'm worried mainly because the majority will find that they won't have lost money in outright scams, just terrible projects. How many ICOs which come out on a daily basis do need or even benefit in any way from using blockchain? I'd argue that maybe 1%.

No you can't because most of the source code are open source and are freely available on the internet. But we can stop the trading of these shitcoins on exchanges. They need to be more strict when choosing coins for their listing.

It will only be stopped if people stop investing in it and supporting it.
Too many people want to join everything it seems.

True as long as this is existing for and people wanted to have another currency to support there would be another and newly create altcoin for thosw wanted to try something new.

I do not think it is possible without any kind of regulation. There are plenty of fraud companies trading on OTC market in stock exchanges as well. However those are not trading on NYSE or NASDAQ. For example, NYSE requires at least

https://www.nyse.com/publicdocs/nyse/listing/NYSE_Initial_Listing_Standards_Summary.pdf

What I want to say is there is no way to stop altcoin creation. However we should be able to find a way to limit exposure of investors to coins by creating some kind of standard for those to be tradable. It is just some of my initial thoughts on the matter however it will be hard to implement.

Nope because ICOs are unregulated it means most of the people who has resources can easily launch their own ICO regardless if these are scams or legit projects,theres no one could stop this madness,greed is the human nature which is why we can cant stop it not unelss some regulator board will step up so that these new ICOs will be filtered to lessen the scam projects.

Many new Altcoins are created on daily basis for sake of making lot of money but all the Altcoin are not bad some Altcoins are good whereas there are many shit coins which can not survive for a long time and would finally be disappear from screen.It depends upon investors they should research well before proceeding to invest in such coins.During dip period only strong based project coins would survive while shit coins would vanish by themselves.So always make the best choice.

And why should we stop something, the market is formed at the expense of the strong and weak. That is, strong altcoins to stay afloat, someone even build a boat. And let the weak drown, for example TenX. Like this idea interesting, but they just didn't implement it well enough

Over time, when it ceases to be profitable. Because now many earn on creation кpиптoвaлют and creation of a sensation round it

Of course, it can be stopped. When people will stop to buy copypasted crap coins and useless erc20 tokens devs will stop to print them. It's just supply and demand.

We all do not know, before we have been made upset by bitcoin, after the bitcoin is present another crypto is altcoin.
Perhaps, after this will be new technology that makes everything that ever created before become obsolete or archaic.
So, we just need to enjoy this competition.

Let the free market take care of it.  The market will eventually remove the bad coins from us and leave only the high quality coins.  Its up to us as responsible individuals to sift through the BS.  The people here looking for government regulation are what we refer to as sheeple who want the govt to hold their hand and keep them safe. 

New people will buy the new altcoins, it seems they are cheaper.

I do not see the innovation altcoin will stop, anyone will be more free and believe to make tokens or coins.
This is the thing that always counts people before investing. Given the crypto is something new, it still needs to race to win the trust of investors.

It will not stop, altcoin has a big dream in the world of crypto, at least that's what I see. Although bitcoin is still a reference in the trading of crypto coins, but slowly but surely altcoin is starting to make people a little unsure of having to buy bitcoin. In this case altcoin does have advantages, so just wait time.

There is no way to stop it, but even if new altcoins are created every day, I think they will eventually be eliminated by the market. In this market change, 50% of the altcoins are dead, and their value is Almost zero.

Despite the fact that now there are a lot of useless tokens, in general the process of their appearance through the ICO is very necessary and useful. We still need a variety of tokens, they still occupy their narrow niche in human activity and practically do not compete with others. However, the utility of them is great. Through them, blockchein technology penetrates into all spheres of our life and this autumn is important. Useless tokens market will vseravno reject.

we can't stop the creation of coins. this is there way of raising funds to support there projects to develop it. every groups or teams or business or company wants to create their own coins to be personally use it there platform or project. this is also there personal mark of their project.

There us no way to stop it, but in the end only the coins with real utility will survive and the rest of them will just fade away. So just be careful in which projects you choose to invest.

Actually I am not thinking that this is bad or harming, new coins are not that bad after all, especially because most of them are dying in a year from there creation. There are many cryptocurrencies but only few of them are making the difference.

it can't be stop unless there is a regulation that will check and filter their true intention, it is also to lessen the scam ico and shitcoin that is being produce more and contribute nothing in the market.

Of course not. This is the freest of markets. Lots of ppl wanna get on board. There is going to be steady stream of  shitcoin for a while still.

stop altcoin new to appear is unlikely. technological developments could not be dammed included in crypto. Indeed many new items which ultimately useless but not everything is as it was. some of them have good technology is sought as well as useful for the future. who would choose this is investors themselves are slowly and gradually.

It can not be stopped because altcoins allow anybody to make them you don't even need to have any skills or anything special ,the big difficult here is to be able to gather money from investors, you need to show that your product will be successful and they are most likely to make money on their investment.
The real problem with junk altcoins that they usually aim at newcomers, they show them an attracting youtube video to make them invest, and they usually don't have any real idea or real development team to make the project actually go live.

Altcoins are very dangerous and involve a much higher risk level then investing directly in bitcoin.

That is one of the perks of decentralization. You create a centralized justice system that can be manipulated by a few people and crypto will die. You joined it, learn to adapt to it. Or just don't participate at all, easy really. Don't want? Then don't join and others will just go with the decentralized chaos and beauty that is cryptocurrency.

All part of evolution (+ adoption + regulation) of cryptocurrencies as incentives to achieve progress with blockchain projects. Last year so many scams were happening, this year it's already much less. I see positive growth :).

Many ICO projects end up being scams and there should be some type of regulation and control of ICOs to protect the investor and the whole crypto community. Big investors will not enter this market without guarantees that their investments are safe.

This is a great question, the answer to which is already in it. You say that a reduction in the number of new altcoins will help to concentrate on existing, real and strong projects. Well, if we already now pay less attention to new useless altcoins, then our attention will remain on the acting ones. But let's not forget that evolution is taking place and new strong and necessary projects will appear in any cases. That is, it all comes down to the right filtering. Don't support shit and turn the market into a garbage dump ::)

I think its not a problem if an entity wants to create a token or coins, as long as it can maintain its platform and deliver an excellent service to its investors or client it will never be a problem. Anyone can creates its own coin and conduct a fund raising to ensure its future, but its really hard to do it because you need a dedicated team in order to succeed in the long run.

It seems to me that sooner or later people will stop attracting heaps of useless Altcoins. Although I think this process has already begun

I think it won't be stop. Many investors and project developer are establishing their own altcoins here in cryptocurrency. This people are either building funds for project or just need to expose their project to more people.

Yeah, it seems like everybody is trying to make their own cryptocurrency, telegram has their own cryptocurrency, I will not be amazed of every of big companies in this world would attempt to have their own cryptocurrency.

It will never stop, there will always be a bunch of losers who call themselves devs because they can fork someone's git and change some params.
As long as there are people who invest in shitcoins, it will never stop.

In my opinion, it would be a bit hard for creation of altcoins to be stopped as many people have the freedom of creating one token or the other for different use cases. I think regulation is the only remedy that would stop the massive creation of altcoins as this would discourage people from creating these tokens

Yes, we should stop creating new coins and focus on developing old coins. Because there seem to be so many profitable and abandoned coins that lead to failure. There are more and more pennies of junk and make people lose faith in Crypto. We should stop and focus on developing the old coin, raising the technology as well as spreading it widely.

Yes, I agree with this one. We should not stop people from creating their own coins. No matter how shitty it is. Since, people are the ones making the decision whether to invest in it or not. If the coins are good, it will survive in this market no matter what. It is like the survival of the fittest.

I think this step altcoins must pass, it is necessary to and people have become smarter, so as not to invest in the Scam, and that the developers were able to accurately formulate a complete idea and the final product

All these projects i think cannot be stopped, except some regulations are put in place to checkmate them. On the other hand, every investor needs to also know the type of coin to invest in, by so doing, the system will gradually flush all those unnecessary coins out.

No, creation of a new token is open to all.Funding it as a project is another thing entirely

I think the explosion of crypto and blockchain innovations has indeed amazed everyone. But, all the technology is immature so it is too early for the new ICO. But of course, there will be a larger project in the development of altcoin in the future, they look very ambitious to segere shift the bitcoin from the peak of the coin price of crypto.

This is really hard to control as the Ethereum network is designed to support development of smart contracts. The only thing that can sway people in creating these Altcoin is unless the network crashes or there is no one to buy those tokens.

Maybe the solution to this would be to create a token that would reward its users when they can uncover a scam? Unfortunately, creation of altcoins cannot be stopped but at least when this kinds of activity are uncovered then the people who will be scammed would be reduced and the motivation to some people of earning tokens in exchange of the scams uncovered would be good. There are already countless scams being caught in this forum thanks to some members who are doing the research so that scammers cannot get any money. I think this is one of the ways so that massive creation of those altcoins that do not even have a proper whitepaper would be reduced.

Bitcoin will make altcoin cry, I do not care about the rapid development of altcoin. I only see the market situation, where bitcoin is still king, trusted and many fans. It takes a long time for altcoin to be parallel to bitcoin, that alone is uncertain.

This would not work and that is why it is crypto, no any regulation behind it in general.

stop the new coin that pops up is an action that is not possible. even the new coin was also one of great support for crypto future later. so I think there's a good impact as well. However, it also should at least be reduced in anticipation of a large number of crypto that doesn't value that exists in the market.

Mass production of altcoyins will end when investors stop massively believing in every project that could write a road map. Already now it is possible to observe. that not all projects collect money and will only be worse for dummy projects.

The source codes of the products in crypto are opensource I don't think anyone can stop the creation of coins, its free for everyone. Its deliberately done it that way by Nakamoto if its patented then its not going to be decentralized. More altcoins the better the market is. This is the way for adoption, the competition of tokens and coin in the market wanting to rise above will make a healthy market.

A lot of altcoins are popping out like mushroom in the woods and we cannot denied the fact that these altcoins are trying to overtake bitcoin or atleast level with it. I see no wrong having a lot of altcoins circulating in cryptoworld, in fact it gives us a lot of choices to better choose the project the we think have the greatest potential. But of course it is our responsibility to be observant and study those altcoins to avoid being scam.

This is a scary phenomenon, because many teams can create ERC20 tokens simply because it's easy, so they can create ERC20 tokens at will, just to make a profit.
I think these teams will eventually face legal sanctions.

This is a very good proposal per say and very helpful too. But I think it won't happened because everyone is free to create his or her coin because it is unregulated. If you want to create your own coin then you can do it, there's no one to stop you. But it's really good if we can control the massive creation of altcoins.

You are right, I think too much altcoin is scattered on the market right now, it's very difficult to focus on some good altcoins, I hope there are settings to manage, and allow for filtering against altcoin, if this is applied then we can manage the investment well and appropriately .

They can create a lot of erc20 token but the token itself won't have any value and they can't get anything out of it. The only way to sell the token is to create airdrop and hope some dumb people will believe the promise and buy the token. It's open-source so we can't stop the creation of more token.

Now there are so many altcoins that it is difficult to follow everything. Basically, because of unnecessary it is easy to lose sight of something really worthwhile. But if you make the regulatory framework for all the ICO that want to exit, then the corresponding scam will become much less. From today's existing 70-80% of ICO is a scam.

Like on real life business, there are different kind of it. So when blockchain was created, there were many emerging coins that adopt in it as part of the evolution of business. Creating more altcoins means that many business are now adopting to blockchain which is a healthy indication that cryptocurrency is alive.

Hope we'll see thousands of new coins every day. It is the mass adoption of tokenization.

Our hope is to rely on regulations to stop/reduce the rate at which altcoins are popping up. The main reason is because 90% of them are scams, while 60% of the remaining 10% will be unable to implement their roadmap leaving us with a handful of projects with real life use cases. Meanwhile, most of these projects would have raised enough money during their ICO to finance a 10 year operational period with little or nothing to show for it at the end of the day.

New coins will not stop appearing as long as people invest money in them. Why, if this is one of the easiest ways to raise money? They will appear and disappear after a time, due to lack of demand. I think that you do not need to consider coins that are not in the top 200, it's too risky.

It's a free market, everyone wants profit. And it does not matter what is the underlying technology or product or service or just an alternative currency or even air(bubble). Sell ​everything that sells well. And also in terms of demand.
Crypto community certainly will not be able to influence on this, simply refusing to buy or to trade again with new appeared alts.
The only structure that can influence, and then not fully - a government, and then if all at once forbid the crypto. If there remains at least one country that will support and accept cryptocurrencies, it will become the world center of the crypto zone.

I t depends if the massive creation of alternativecoins can be stopped
because if it is illegal or against the law then it can stop but if not, meaning there’s no reason to be stopped because they are in good.

I think the main rules of law or regulations in this kind of business is to secured the safety of the inventors and company from the scammers or bad people that have a bad aim too to their business.

I think that they can be stopped but it will not be an easy feat since with the creation of cryptos there is always the option of the creators to remain anonymous. The best way would be for there to be some kind of rules and regulations that every coin creator have to meet before they can put a new coin in the market. Stuff like legal paperwork, previous work history and providing their identification.

I don’t understand for what to stop massive creation of altcoins. If the guy is able to work in cryptocurrencies and is able to create and interesting effective product then it will be much more interesting to see the results of such work.

I don't think this could be stopped in the nearest future. We need some regulations on this, because there are tons of scam between the real projects and it is hard to determine who is who

You are actually right when stating the fact that there are a lot of platforms that has been abandoned even though there were profits at first. We know that creating Alternate Coins or platforms for Alternate Coins must take at least the interest of the Founders to push it through. They have done it because they invested on how it can be launched. There are times that these alternate coins are created for free. If there are some kind of regulations that needs to be followed or some rules that needs to be followed first before creating a token, then i guess that would somehow lessen the creators of Alternate Coins.

I think this progression altcoins must pass, it is important to and individuals have turned out to be more intelligent, so as not to put resources into the Scam, and that the designers could precisely define an entire thought and the last item

The massive creation of coins cant be stopped at this point there will be news coins coming in even though the coin is genuine or fraud

I dont think it will stop anytime soon. Day in day out, there is always the creation of new altcoins because people continue to come out with ideas. Some of these idea which are a modification of what is in existence already, and other of new ideas altogether. Unless people actually run out of ideas, altcoins will always be created.

Well i believe that it will never happen and more and more new projects will be coming out and i can see one day marketcap of around 10000 projects because in every country new companies will build new platform and that will happen more often in the coming years. Nothing we can change . Only the best will have success

There could be a way for the massive creations of new coins to be stopped but that would mean that we would all be open to regulations in the market. There are a lot of people who still think that regulations are bad for us but without regulations then people are free to keep pushing new scam coins into the market all the time.. I am tired of seeing new coins that are not used for anything just because a couple of people want to make some quick money.

more and more new alcoin created, it makes more and more also scams that will happen in the market. I can not ensure this creation this be stopped or not, but this is already very disturbing many parties involved in the market of crypto.

I think it's impossible. Everyone wants to earn while this is possible and the government can not yet so tightly regulate this entire market and mass projects that only want to raise money

I don't think no because there are lot of people out who wants their ideas become a reality and as long as there are people out there who are willing and innovative there will be no end for massive creation of alt coin. As long as the cryptocurrency market is healthy, it is not possible for the creation of alt coins to stop.

I'm not sure it is a sign of market health..Indeed many are afraid this massive burst of altcoins will end up in a bubble...

Unfortunately, we cannot influence this in any way. So far, there are no regulatory bodies where each of the companies that is preparing for the ICO would be audited and accredited. If it was, I think the number of scammers decreased immediately, and even disappeared. But alas! While has what we have.

I think so, but only on the condition that there will be a body that controls all the new ICO companies. Or, for example, a body that will issue licenses for the creation of a new startup. Or even the company's ISO accreditation.

I think if depends to the situation if the massive creation of alternativecoins can stop in this kind of business because if they doing not well there’s a possibility that they can stopped but as of now they cant.

No you can't whereas about of the root statute are administer root and are unreservedly available on the cyberspace. But we can newmarket the trading of these shitcoins on change. They demand to be extended direct when determining coins for their listing.

Most likely it is possible, but it is unlikely that someone will become engaged in this until the legislative base for this is developed!

I just don't know who is able to change the situation with the massive creation of new altcoins. I can not imagine who is able to stop all those new coins appearances. In my mind nobody is able.

Perhaps all of a sudden a new altcoin will surprise you by making a small or huge technological leap forward. But now there are too many altcoins having no practical value. There are also projects that have been working for more than one year and which, for the most part, did not start from the ICO. I believe that the financial promotion of ideas that have no practical basis under themselves is not advisable.

Precisely, and there are some coin are just made to scam people. But it doesnt matter how new it is, if that coin have a good intention to help people then why not? We should help that new coin to improve.

I dont think so. I wish it can be stop, so that it will prevent losses in the participants. , sometimes those bad people are the one who always launch altcoins and turns into a garbage because it has no use in the market, they always do that kind of thing to deceive people and investors.

I have no idea about it. I think that many projects now offer the Altcoins for the investors. Here, they offer the coins through ICO, private sale, community and others. I think it will be quite difficult to stop their presence because they come from different developers and team. Probably, there must be certain team management that control and manage about the new altcoins.

For me the massive creation of alternativecoins can be stopped because of the number of the demand that in the increase stage or level and aside from that I can’t see any things that it cant stop.

I am sure that soon this huge fast-growing number of coins will be reduced to the number of independent blockchains. In other words, all coins issued on the Ethereum blockchain will be translated at the market rate on the ETH, and all coins issued on the NEO blockchain will be transferred to NEO.

we are facing a new economic model  know that, and if that coin have a good intention who cares is a new coin it can also dominate

I really wish that it could be stopped, because it is really getting annoying seeing the rise of new ICOs every day, and knowing that a good percentage of them are shitty. It would be best if a regulatory body could be set up to monitor these things and make sure the birth of new ones are controlled, else, we are going to have so many rubbish coins all over the place.

It seems to me that the mass creation of the altcoins cannot be stopped. Every month there are more and more new altcoins..

No, not really and why should you? Let people make new cryptos the time will show which ones will survive and succeed and which ones will be dead within a month of release. No real harm done.

I agree with you that plenty altcoins keep coming into the cryptospace and many of them are just by developers who want quick profit then they abandon it. But there are still some dt actually have use. If new coin creation was stopped then good ones wont come in too. And that would mean centralization which is the same thing cryptocurrency is trying to abort

I think we can not stop this but market can. Just let people understand that investing their money in useless garbage is the waste of time and money. When they will - there wont be no sense to create a tons of shitcoins.

It seems to me that if the project is promising and hopes to exist for a long time, it still does not matter which reliable coin it will provide.
Participating in the bounty programs, you all paid attention to projects that promised to pay for your work with bitcoins, dollars, euros ..., and not tokens, which perhaps by the time of payment will become candy wrappers.

At the same time, the volume of using the token is smaller than the crypto currency, since the token is originally an element of a closed ecosystem. In this respect, the crypto currency value can be compared with US dollars, and the token - for example, with metro markers.

I think that this is impossible . People want to receive money from the air and we ourselves carry them. Vicious circle. But nevertheless there are a lot of coins.

I think that this avalanche can not be stopped. Tokens will be created as wrappers (gold) in the games. They will only become greater.

I also perceive tokens as a long-term investment and look at them as shares, in a sense. The stock market is very huge, it's hundreds of thousands of positions. As for the tokens, then I choose the top 300 (young project to top 500), all that is below, I do not even consider in the portfolio. Depending on the position, history, etc. this or that coefficient for buying

You have a point but I think behind that massive creation of coins, there is a reason behind on it and one of the reason is that people want to gain a lot of profit

It is rather unlikely, the way of creating a project seems to accesible for people to implement, it has showed results and in the past and it keeps showing some, however I think the amount of altcoins coming out every day will eventually end up collapsing the market.

I wish there is a way these altcoins or the influx of it will be stopped. They mostly don't make sense to me and seriously if they had been about 5 to 10 cryptocurrencies by now the market would have grown very large and not these thousands of coins flooding the market.

Anyone can create their coins or tokens, so we always see new Altcoins. However, only good Altcoins can survive, the bad Altcoins will be eliminated.
It is our job to thoroughly explore the project before deciding to invest in it.

Exactly we will not hope about that. But seeing the numbers of the altcoins so far, it may end someday. I don't have any idea when. But, there may be some different or update rules to create new altcoins.  Just wait for the time and although it is doubtful, we cannot make exact prediction about that future.

The massive creation of Alts can't be stopped. At least for today. Beacuse the main feature of any alts is its open source code.
But in future the natural evolution and natural selection will filter the shit coins.
Most of all, exchanges where such a coin are placed can put forward more stringent conditions for placement cryptocoins.

stop altcoin new to show up is impossible. innovative improvements couldn't be dammed incorporated into crypto. Without a doubt numerous new things which at last pointless however not all things are as it seemed to be. some of them have great innovation is looked for and helpful for what's to come. who might pick this is speculators themselves are gradually and steadily.

I think the main rules of law or regulations in this kind of business is to secured the safety of the inventors and company from the scammers or bad people that have a bad aim too to their business.

Of course, this is possible because now the development of new projects that will really reduce the creation of forks and clones of projects, it's a useless job. Yet today people have become smarter.

As I would like to think we simply require one coin and that is bitcoin, you needn't bother with each coin for each other utilize, we simply require bitcoin with every one of the capacities and that's it, I am certain ICO will be directed soon in light of the fact that they have raised billions of dollars and lion's share of them were tricks and who knows the rest will satisfy their guarantee.

I have been asking this same question for how many times now,but it seems like theres no interest from the higher to do such thing,i believe that the management must do actions to stop project copying because as what i have seen in the altcoin section scammers has no originality they only copying the project and use it as ico then after victimizing investors then that project will die without any reason given and the poor investors leaves behind crying

I think the coins will stop issuing when there are no platforms for their creation. At the moment nothing can limit them

New coins and tokens are created not only for speculative purposes, such as how you could concentrate and choose among a few types of crypto currency suitable for investing.
If we take tokens, since they constitute the bulk of the crypto currency, they are very useful in the narrow and specific areas of our life. The area of ​​their application is diverse. Despite the many fraud projects among them, they are generally very useful and necessary. Therefore, the number of ICOs and their tokens is not necessary to limit, and we can not in any way affect this.

Perhaps you should not stop the appearance of more  new coins, but you just need to make some money limit for the creation and deployment of the Ico. Then half of the shitkoins will fall off at the beginning stage, as well as many scammers.

As long as there is no control over the creation of new coins, anyone can do it. And most of these people are thinking only about getting rich. They do not bring anything new to the world. I agree with you, it would be very good if we had only 10 to 20 coins to invest in.

I also think that the current Altcoins are already flooding, Altcoins is almost abused in all areas, and companies from all over the world are scrambling to release their own Altcoins. The entire market is now a disorderly state of confusion.

If the coin providers folloe the actual protocols and successfully maintain the market and programs, those coin will be popular too. But we have to be sure that we may not fall into hackers hand.

I don't know exactly. However, there is no centralized system that regulate the presence of the new ICO. Or, is there any? I think that every team is free to make new ICOs. To stop the massive existence of ICO, sometimes there must be regulation or team that make sure the presence of the ICO must e investigated first.

And how do you stop it,there are about 7 billion people in the world, and some part of the people,let's say it's 100 million people,has their own thoughts and ideas on the creation of a project,but there is no money to start,and ISO is a great start to start,and start to spin and show

This can happen but those require rules to regulate this cryptocurrency market but this market is not regulated by any law until now and no one has control over it. Regulations are required to stop all these things and now many countries are moving towards this.

I think the main issue here should be about regulation, but how that could be achieved is not known since the cyberspace is largely unregulated, hence investors need to study carefully before investing

We need to regulate the crypto industry.Then there will be less scam and you can focus on decent coins and their growth. Now many people buy shitcoins just to earn in the short term.

in my opinion, it won't be possible for the altcoin price to keep moving up and the altcoin drop will still exist because this altcoin can only move in the presence of buyers and sellers that affect the condition of altcoin prices so you should still be able to find altcoins that can still be profitable.

I feel that they can be halted yet it won't be a simple accomplishment since with the making of cryptos there is dependably the alternative of the makers to stay unknown. The most ideal way would be for there to be some sort of guidelines and controls that each coin maker need to meet before they can put another coin in the market. Stuff like legitimate printed material, past work history and giving their recognizable proof.

I thing it can't be stopped. However market needs more innovative prspective projects because today most of them are the same. I heard about Nebula Network which is stable coin independent from BTC rate turbulences. It's something fresh and worth to observe.

It will only be stopped if the people will stop buying those new created coins and no one will participate to those ICO's.

If these developers sees the effect that no one's buying their ICO anymore. That will make an impact to make them realize that people are not buying random coins anymore.

There are many ideas to develop, should not stop

As this moment there were alot of existing ICOs that have just started,this opens a new opportunity to invest and we can't hold the continous creation of Altcoins because this is a trend that more people accept and adopt to make profit..but i can see that you were right,due alot of existing coins some of it were worth to invest but others will become useless most especially if the project was not successful.We should have been focusing on the existing coins that already made its name in market and these coins would continue to grow and develop if we've just focus on it.

I hope it can be....really hate these shit coins just popping up each day i hope those can be stopped so that the genuine coins doesnt get bad impression...i believe in less coin but good and genuine coins only...sadly but i dont see any way to stop this right now

Ironically, this is one of the bane and beauty of crypto-currency, anyone can create, manage and tokenize any  ecosystems they deem viable. The problem is that some projects are trying to give 'solutions' to a problem that doesn't not exist. Just to reap profits

Rightly so, everyone need to be heard, but only those who really have some nice or worthy stuff will get listened to, we see a lot of projects dieing barely 4 months after listing  on exchanges. Grossly because there are no value created to spur demand for the coin, most times just empty partnerships

Everything can be. After all, the administrators of our forum have banned handing merits to raise the rank. Also here, it is forbidden to create new alcoys, that's all. But it is more difficult because of the companies and their projects.

I think I also agree with your suggestion and I think it would make a whole lot of sense and the rate of scam coin will be reduced. If there is a regulation to monitor upcoming coin and its potential then a charge should be attached to it to be first paid by the developer before it would come into crypto, then There will be minimum number of coin in crypto and it will only be good coins not underdeveloped one.

Because everyone can create their own coins, it is not possible to stop this. At least for now, it can not be controlled. The market and investors will verify everything, so all these useless coins will eventually disappear.

No, we can't stop the formation of new Altcoins and we ought not in any case fret over it. the such instruments occur naturally in venture area. The new Altcoins which have a poor thought or an undertaking behind it will consequently vanish when no financial specialist will bolster it. So it relies upon the financial specialists that they ought to be cautious and watchful about putting resources into any new Altcoin. In any case, yes there must be some direction that atleast absolutely shitcoins which are unmistakable to be shitcoins however are publicized as excessively awesome and achieve delicate top by such advert must be halted as they don't have any utility truly.

It can only be stopped if people at the top or have a little control create a platform that scrutinizes the creation of a new coin or the adoption of the coin into the market. If this cannot and doesn't happen, then I do not think there is any other way that the massive creation of altcoins can be stopped. Something needs to be done though, urgently.

I think the crypto and blockchain innovation boom did surprise everyone and this is an important responsibility for all of us. We must all think about this situation where the massive release of fraudulent coins is released with the simple goal of any profit.
all technology is immature so it's too early for a new ICO. they look very ambitious to shift bitcoin from the top of the crypto coin.
But of course, there will be a bigger project in the development of altcoin in the future,
I think this is important. this mechanism will greatly reduce the number of junk coins that are released all the time.

I really don't think the creation of altcoins should be stopped,if that's done how would we know when we've stopped a promising coin from entering the market,the fact still remains that coins will come and go as those which gain stability will remain,while those which lack quality management will fizzle off the market

Until recently, anyone who invented a useless project was enriched. Times are changing, indeed they have already changed. Greater awareness, less useless token in circulation.

Coins will stop creating when naive people will not invest in fraudulent projects, you need to analyze projects

I also ever think as you. There are so much coins now being created but some of them is just a scam and seem have no value in the market. I do not now how they become worthless, is it caused of so much new coins being created or even the coin has no good goal or etc.

There are several countries in the world that uses the same currency, also the population of a particular major country is enough to hive its fiat good circulation, in the case of cryptocurrencies, only a few thousands of people possess and can transact in most of the cryptocurrencies that are available. This causes a big problem for the cryptocurrency market and it needs to be stopped.

many altcoins have good use for daily use most of yhem have intersting uses

It is important to and individuals have turned out to be more intelligent, so as not to put resources into the Scam, and that the designers could precisely define an entire thought and the last item.

Maybe if there is a limit to the number of altcoins on the coin market, the creation of the altcoin will stop. But I don't think this is fair. Everyone has the same opportunity to try his luck in the crypto world. And if you have the ability to create altcoins, you can do it too.

I don't mind. Alternative cryptocurrencies are very important and I think that we have to be happy about their large amount. There is nothing harmfuul for the such niversal market like crypto.

It could not be stopped. Altcoins are depended on BTC, yes, but theyr are also independent for m the another side of appearences. I don't find it useless.

A lot of altcoins create some difficulties in understanding, as the names may be similar, and the listing may be on different exchanges. But still it is good, because they create competition among themselves.

It will stop only if there is no more investors and that the crypto market falls lower. If there is no money, there is no reason to create new altcoin.

I do not think that we can stop the creation of projects (altcoins). In our power only to choose from them the best and most promising.

I never met anyone who created a coin not for profit. There are crazy people that are up for technological challenge but I won't buy they are not also here for profit. I hope bad coins will stop coming and the quantity will evolve into quality soon.

As long as "dumb" people keep pumping money into these quick clone coins it will never stop. Why would it stop, they keep making profit and each time they do it they are sitting more comfortably with money they take from unknowing "investors".

I think like any new industry, the market needs to mature.  Cryptocurrency has seen an absurd growth rate, so of course there are plenty of projects forming with the sole objective of "cashing in" on the popularity.  As investors become better educated, these projects should be weeded out.  I think the market will reflect this in the coming years, with more and more quality projects seeing success and the era of "shitcoins" should die out

I think you should keep in mind that many of the cryptocurrencies listed in coinmarketcap are not true cryptocurrencies, perhaps most of them are actually tokens, and this is not necessarily a bad thing: we are facing a new economic model that many experts of economics and finance are defining "tokenization of the economy" and its irruption in the economy is generating a revolutionary turnaround in the old business models and ways of transferring value.

Therefore I do not think that we should impose limits to this accelerated growth of tokens, on the contrary, this boom is a good sign of the growing acceptance that this alternative model of economy is generating, and we should only find channels so that this multiplicity of tokens can always be easily interchangeable.

It can only possible when this market comes under any regulations and no one can come out with any coin without a project and no fraudulent coin comes to the market and it will stop the mass creation of altcoins.

As long as new emerging teams can see the hole in the market they would like to fill, they will be basically unstoppable. Every single idea might contain so much potential that we would consider it as an absurd. Startups are in need of money, but that is the cost investors have to pay for the most revolutionary projects to be actually developed into a self-sustainable product. Most of them will fail, we know it right now, but some of them would take a part in a web 3.0, which is the ultimate goal: come up with services so great no one can ignore their positive effects. It will probably take several years, but I am not complaining, we have got a lot of time and a lot of room to grow  :).

No, I don’t  think so that massive creation of these coin will end but yes it is true that for a while it can be less because crypto was flooded with coin so it can be possible to reduce its no but not fullest.

I think that this can't be stopped now because the market is popular and everyone wants to earn money with the help of coins. This will happen however with time

The new alcoin project will continue to be present and we cannot stop it, but only the best projects will survive in the crypto market. Maybe we should think of some rules or deposits paid before making a new coin, in this way the creator will be more careful and will ensure their products will survive.

There many different reasons why some altcoins are abandoned but despite being successful. But  if the new coin stops coming it will not only help us focus on more reasonable coins but also will reduce the number of scams

New coins determined the project itself, coins that really innovative that really give the boost of blockchain technology. Aside from its real uses it can disrupt any other altcoins that are really useful.

Altcoins will continue to be created as long as our societies is faced with numerous challenges. The Blockchain technology has vast usability which allows developers to build new projects which offers solutions to the problems on our society.

to cover use with manage on development as developer offering ico scheme on works with beginning inauguration, and collects as wise to returns with minimum limit and follows as extending shifts on stage on moderation.

The massive creation of altcoins will stop when people will stop trusting every shady new project.

Well, as long as people still want a quick cash, I think the creation of new altcoin still continues.
It will not stop unless people starting getting bored for the ICO project.

Looks like bad ROIs of last months ICOs are reduced creation of new altcoins because nobody want to invest now and ICOs don't reach their Hard Caps. I think this situation is recovering the ICO market and removes scam ICOs from here.

I think it will not stop. Surely they can slow down in bear market but i believe in next bull market we will see too many icos again. In bear market they are trying to hide and in bull market they are trying to show himselves.
Icos are very easy way to collecting money so i dont believe. they will not stop.

Of course this can be done and soon it will happen. Already, new projects that want to raise money put a hard cap for themselves less and less, because they understand that a lot of money will not be collected. In the end, it will all come to the point that new projects simply will not collect the money they need, and than ICOs hype will end.

I think this is a matter of time. There will be a so-called natural selection, and many of the coins will simply disappear. Only those that are really needed by society will remain.

Many new Altcoins will create new projects that fit the purpose and needs of many people, involving different fields and industries. It's like seeing more and more stores appearing on the street.

This is a decentralized space and little or nothing can be done to curb more coins from coming out. But with time, fake projects and coins without use case will definitely fade away. Many coins won't survive this current market situation.

Perhaps all of a sudden a new altcoin will surprise you by making a small or huge technological leap forward. But now there are too many altcoins having no practical value. There are also projects that have been working for more than one year and which, for the most part, did not start from the ICO. I believe that the financial promotion of ideas that have no practical basis under themselves is not advisable.

It's not possible to stop new altcoins of being created, this is a free and completely unregulated market and you have to accept that or move to markets that are regulated, this is why many countries have regulations about who can invest in financial products, so if you do not feel capable of distinguish which coin is a good coin and which coin was created just to make money it could be a good idea to stay out of the market until you know how to do that.

I think that at the moment the creation of new altcoins or in most cases tokens, or how not to stop. While there is demand and supply, new ICOS will be held and the market will be replenished with new tokens and coins.

Is it necessary to stop the creation of altcoyins? I will categorically state that altcoins will be much more and this is a good prospect for the world economy. Altcoins will replace shares of factories or valuable projects. You need their creation and trade - this will help the platforms of existing crypto-currencies.

Coin creation will not stop for as long as they allow it. There are no rules and regulation on how many coins are being created. If you check the market, there are thousands of coins already and they are providing the same services. The quality of the services offered may not be as high as we expected to because their main goal is for their coin to be traded and not to offer services to increase the demand of the coin.

Market itself will sooner or later adjust situation with hundreds of unnecessary coins and tokens. If they are not claimed, their capitalization will decrease in favor of stronger coins. It will not make sense to create new projects without success, and market will be cleared accordingly.

I think that for the emergence of a cryptocurrency market a large number of new coins will not be able to bring anything positive. I believe that investors' funds are sprayed into different projects that may not even have prospects.

No. There's no way the massive creation of altcoins can be stopped because there are no rules and regulations governing the massive creation of altcoins. There are good coins that are been created too.

I think this can be happens in two ways:

-when we will have a regulation of ICOs
-or it will soon or later, people will stop to invest since more and more scam will born and we will have a "natural selection" where only few % coins will survive and noone will invest on new ones.

I think massive creation of altcoins will not stop. Maybe they can slow down in bear markets but i believe they will continue until the end of crypto market. and i believe crypto market never die.so they will continue  in the future also. Why because firstly icos are very easy way to collect money and secondly we need new technologies and ideas. icos are really good opportunity for that so because of that i believe they will never stop.

People would have to choose within those coins. After they sift out the scams they will just market the legit coins.

Well I am not against creating new coins because it's not possible to stop the creation of new coins because the space is unregulated and decentralized, but i think it can be reduced but not stop, the coin creation gets popular during the era of bull run when people were investing in ICO and ICO enters exchanges to make some X return but now we are in bear market ICO no longer make returns, the creation of coins has reduced and this is the only thing that can reduce coin creation, when more people stop patronizing ICO's, more people will not be encouraged to create coins.

Can human greed be stopped? Probably not. The fact is most of these altcoins are simply trying to capitalize on an opportunity. Right now there is not too much competition (yes there are thousand of altcoins), but compared to traditional crowdfunding spaces the crypto market is extremely underpenetrated. Over time, as the market becomes more difficult we will begin to see it die down, but that's still a ways away yet.

When in Altcoins, stop blindly investing. Then the massive creation of Altcoins will stop. In the meantime, if there is investment, new Altcoins will be released.

There is nothing massive about creation of different altcoin yet, I think in future people will be able to create their own money all kind of exchange and the current altcoin listed coin is nothing compare to demand it has! Cryptocurrency is growing evetyday!

Well, you cannot stop the altcoins creation directly. But eventually it will stop if they just only making altcoins without a good project or a real usage.
The only altcoins that stay survive and growing will be the one which have a good products and have been massive adopted by many users.

If the altcoin that is being created does not offer something of value to the people that are going to use it then that coin is useless, we do not need those kind of altcoins which is precisely the problem that we have right now, the economy is not going to improve just because we have lots of altcoins, that is the same problem that governments seem to have by thinking that the economy can be improved by just printing more currency but printing more currency or creating more altcoins does not create wealth.

everyone knows that creating new altcoins just make this market more and more unstable!
but anyone who has enough money, wants to make their own currency.
in 4.0 world. nothing easier than that. selling nothing for real money. who doesn't want?

Stop the creation of new blowjob and tokens are not worth it, and we can not do it. Despite the fact that there are a lot of frauds in ICO projects now, this activity as a whole is very useful all the same. We just need not to support the bad and fraudulent projects of ICO, then they will not be able to raise the necessary funds and will be forced to leave the market.

It can be if we stop buying new coins. Which we should if we want the good ones to prosper.

New altcoin creations depend on it's demand. If no one will require new altcoins or if all problems will be solved, creators will stop inventing new altcoins, simply because no one will buy them.

I really think that eventually people are going to realize that investing in all of those coins is just a waste of time and money, and when that happens many of those coins are going to disappear overnight because there are simply not going to be enough people to sustain all of those coins, unfortunately it is going to take a lot of time for that to happen.

I'm not sure about that.All the altcoins are taking long time and maybe its the planning of all altccoin developers. The developers taking time to stable their coins.We see most of the altcoin are alive and slow progressive. Many projects also offering altcoins for the investors.

It depends on each person's thoughts. In this market there are many investors in different strategies. But that is life, we can not change the perception of each person according to our wishes. Let them fail and they know what to do.

This is one of the reasons why we need to learn how to discern the right and the wrong coin because it is so easy to create a coin on Waves alone you can create it free, you must not invest blindly on any coin do a research on who is behind the project and what kind of platform are they offering.

I think if crypto regulation are implemented and enforce all around the globe then maybe that's the time that the creation of unworthy altcoins will be eliminated.

I don't think it will be possible to stop because I see some of these altcoins can provide evidence that altcoins are very useful and can be one solution to the existing world economic problems, but the possibility that altcoins will also stop being creative someday.

It should be stopped as it doesn't bring any benefit to the public unless it offers a very unique product of a high value from which the public can get a benefit. There should be a separate authority to be created in each county where crypto is legal, if an ICO originates from that specific country then that project must be first passed from that authority in order to launch their token sale. Otherwise with a lot of useless tokens in the market will create confusion among the public in a sense that they won't be able to make a decision in which ICO they should invest & in which they should not.

There are more platforms of creating coins on them every day, and they are more and more simple like waves, I think that's worst kind of project that can be created with only purpose - creating shitcoins.

I think that only lazy is not creating it's new projects and coins. But I know that many project already dead because people don't feel that hey can trust money to them. So I think massive creation will exist but people will trust old coins

Why stop it? Any ICO is a step, albeit a small one, but a step in the development of the entire cryptocurrency community. Because each ICO is putting forward an idea or thought to the public.

I think you are right. There must be some limit that everybody can not issue a new coin for investors. We may think by natural elimination most of this scam coins can be eliminated bu it damages crtyptocurrencies and investors a lot.

I think this is an important topic to discuss, cryptocurrency was meant to be Limited so that we can avoid the price deduction whenever government prints new money but now while we are creating new coins then this problem will not get solved instead people are going to face the same consequences we are watching in the banks. If we need a better system then do not adopt new altcoins and stay with only one cryptocurrency and build your future on that. Of course, it will be different for traders they can trade at any coin there like but for users have a choice always stick with one coin and build its population. That will not only increase the price of that coin but also make it stable and help developers to focus more on its development rather than leaving it behind incomplete and jumping into a new coin.

I think that little promising projects do not bother anyone, and he also does not attract investors at all. Thus there is no harm from them. It seems to me that it is necessary first of all to deal with fraudulent projects.

New altcoins will come until people will buy them during ICO. Community want spend money, developers give the proposition in form of ICO.

The answer to your question is no, stopping creation of new coins means stopping new innovation in the industry, it is not needed. The market is competitive and useless won't survived in the long run so there is no need of stopping them.

Absolutely right, I see no reason to worry about the growing number of useless coins, because they still have no future and sooner or later they will die. Each of us must study the project in which he plans to invest his money. If you are responsible for investing, then you will not be bothered by the fate of useless coins and they will not be financed due to the absence of investors, and then they will disappear more quickly.

It is very sad that every day there is a huge number of bad projects which deceive the investors. Therefore it would be very desirable that there were some rigid criteria for ICO creation. It would help to increase trust to crypto.

it's sad to see current data where more than 70% of ICOs fail including fraud in them. The ICO can indeed make big profits for the company, especially making it not so difficult, therefore there are many people who use the ICO to get personal benefits. we are required to be more careful and always careful in choosing it.

investors shouldn't pay attention to these coins so they will disappear themselves. the limitation of issue will not give the result.

I believe that introducing a high payment for launching a new coin will help reduce the flow of creating new coins, for example, if you set a fee at 10BTC, not everyone will want to create their own coin, and if they decide and pay this amount, they will have a more responsible attitude to their project. But this decision should be introduced by the teams of those blockchains on the basis of which the release of new coins is possible, Ethereum, Stellar, Tronix and so on.

In my opinion this is not possible because in the crypto market there must always be movement and innovation. So the day the new Altcoins were born and of how they exist, i think depends. to founders and investors.

I think that some restrictions for the release of coins are not needed. These restrictions will greatly hinder the development of the industry. I believe that useless coins will leave the market themselves. This is a natural process.

I think not, crypto coins open source projects. Everybody can develop their own project.
We can only more deeply analyze projects and dont buy scam coin MN on presales now

Of course, this can be done, but the main question is, is it necessary? Because now many projects in this way are trying to attract investment in their business, and maybe just to deceive people, so of course you need to do something with it.

I hope it will taper off. There are way to many coins with zero utility and too few projects that matter and are needed like crypto to fiat (pundix and mfchain), rewards and free stuff that replace plastic cards (like tapcoin and hooch), and other projects where crypto is actually better than non crypto solutions ( as much as i love crypto, i think there are only a few places where crypto is truly needed but in those places, crypto will be truly revolutionary.

I think people will not stop creating coins. But at least we can try to select best ones and we can invest these best ones. In crypto space new investors dont know much about crypto because of that they are investing these scam and useless coins so these scammers continue creating more and more coins. firstly all the investors need to learn more and more about crypto space. and after they will naturally realise the scam coins and they will not invest these coins. so people can stop creating more coins after that.

I am curious about this too. I think someone should control this because people loose interest in altcoins because of some weak ones.

In the near future, this situation in the crypto market is unlikely to change dramatically. But I hope that in the future there will be some measures and functional tools that will help fix such problems. Perhaps this result will be achieved in the future due to a general limit on the total number of altcoins on the market.

My opinion is the current state, when Altcons become much larger, it seems to us very much. However, in reality this is only the beginning, the childhood of the altcoins. In the future, the Altcoins will not be money, they will be in everything, they will become a means of evaluating plants and factories.

Why should it be stopped? It`s just ICO tokens and that is not bad feature i think. Is it a really big problem for you?

Everyone already has the opportunity to focus on working with prospective coins and tokens. For this, it is not necessary to stop the process of creating new tokens. Despite the fact that now there are also a lot of hopeless ICO projects, fraudulent programs, this process is still very necessary and is one of the main directions of cryptocurrency development, and practical cryptocurrency, which really brings additional convenience to a person.

I think the massive creation of altcoin cannot be stopped because people who know about cryptocurrency can create a new altcoin, publish it and promote to other people. They can do this with easy because right now, they can use social media to help them to gain more investor to join with their projects and if they are serious with the project, I am sure that they can gain success. But this depends on how they work on that project and how solid the team to support the project.

Not so disappointing because you only need to be more careful to make decisions and have a good project for you. it all depends on your choice.

I hope that someday the creation of altcoins will be regulated. For now, everyone can make their own altcoins and it's silly in some way.

I do not think, that it will stop one day. It is an amazing opportunity for people from all around the world to make their idea come true in an altcoin. But we need to be more careful with ICOs and support only trusted and perspective projects.

Well regarding the matter whether the massive creation of Altcoins can be stopped all I can say is that the creation of Altcoins will never be stopped because many of these ICOs are being created by scrupulous developers who just want to scam their investors so that's why we are seeing many of these ICOs created everyday.

I have a question in mind, was it really bad for the cryptocurrency industry that there is a lot of altcoins created for people to use as a substitute for bitcoin? or there might have been a good effects that it can bring for the people who uses cryptocurrencies?

Probably only after the ideas of the people end and new regulations will be introduced, which today will be used as the beginning of the creation of a new project, I am sure that this will prevent new projects.

In my opinion it cannot be stopped since different teams or groups of people are behind different ICO projects so it cannot be controlled. Also, not all projects are succeeding which makes it not surprising for many projects to be released every month. Altcoins are mostly from ICO projects. It also means that as long as there are projects being released, same thing will happen with the number of altcoins in the market.

I hope so, because we also want that the manufacture of altcoins can be adjusted again. because the longer there are more and more altcoin makers, and that is very detrimental to us.

Indeed, the market is extremely crowded now with meaningless coins that do not give anything useful to society. This is one of the main problems at the moment I think

I think that we really need some reagulations about this because new investors are lost about what coins will bring them money

There should always be some shitcoins to collect all the idiots and leave them broke! Worst thing would be if they get into some big piece of market and build mining farms and start to decide in which direction should we go. Time of early adopters-visionaries is gone, now there are idiots with money who want to "moon".

Blockchain by nature is open source. It was intended that way so anyone with the knowledge and skills can develop its own platform. Coin creation cant be stopped but I think can be regulated. There should be a scheme to monitor coin creation and identify those with really good potential and not a scam

     It does not affect anyone that there are many other projects, including shitcoin projects. After launching, they will not have long lives and will falter. Those who have to lose are the bounty hunters to lose time with SCAM or weaker projects. It happened to me and it's a totally unpleasant feeling.

Creation of altcoins in the market is for the ICO of a future project.
As long as there are teams who want their project to be funded via ICO it will continue to grow.
What we need is the regulation in creating coins and having ICO to stop SCAMMING in this cryptocurrency.

most of this alternatecoins where not created just for profit, as most of them has a working product and is useful to the market. so you dont have to generalize your statement

if the regulations about crypto in future more clear, i believe massive creation of tokens/coins can be stopped, developer must fit with strict regulation before can create their own tokens/coins. I belive if in future this regulation can be made, almost all coins/tokens will be a legit project

Even if the government regulators will try to stop this I don't think that people stop create new coins. People want to be rich and this is the moct fast way

Hi, I'm also worried about the number of Altcoins. But I do not know this is good or bad. But I think that when that quantity turns into quality.

It is getting easier by the day to create an ALTcoin. Even non programmers will be able to do it using Sparkster for example. The same goes for buying a domain and setting up a website. Anyone can do that. Fortunately the exchanges have started looking much closer at projects before listing them. Binance is taking the lead there. If something is listed on Binance it is a good indication. Also a good indication besides normal research on a project is hardware wallet support.

I hope that in the future will be some database with structured coins and special requiarements about them. Consiedering how many of them at this moment

And who can forbid you to create new altcoins? in fact, these are numbers on your screen and it's not exactly forbidden. The only thing that can be banned is holding an ICO, and then it can be banned only in a separate state, the whole planet will not do this, since many countries support cryptocurrencies

Quite a reasonable argument with you TC. I like. I also think that if there are fewer altcoins, then people will focus more on worthy and really useful projects that its creators work on.

I don't have any good ideas about this. But, in my opinion, so far, there are still many people and teams that will offer the coins or tokens from ICO. They will always do research in order to present the different cryptocurrency ideas, that are promising and profitable for the future. there are also sometimes scammers that always make ICO there. So, I think it may need many more years for ICO to off.

Coins will create as long as there is demand for them. It's like feed for speculators. But now the market is changing and coins not only don't grow when hit the exchange, but fall in price, so the interest fades. Only really useful startups will be able to raise funds for development, and there will be few of them, because it's impossible to invent endlessly where to "insert" the blockchain and sell this idea ;D

The process of leaving only good and worthy projects on the market is happening naturally. Although the amount of low quality projects is still quite high it will change soon.

it will be good if it will stop, last time too much scam projects, it difficult to find normal, people stop trust in crypto currency

I dont think so.. People have become aware of the market and using it for their advantage. Even when we are seeing such a bearish market, the trend of creating new tokens and making ICO's havent been stopped.

Sorry, there's no way to stop these shitcoins. The only thing that you can do is to forget about them and focus on the important ones. Invest your money where you know you can get it back even when something happens in the market whether good or bad. Don't let any shitcoin obstruct you that might lead to losing your money.

There is no need to stop creation of new coins as competition of new ideas is a good thing.
Market will take care of the useless coins and only the good ones will survive.

yes that is a sad thruth. but how can somebody stop creating new coins? probably we have to draw some kind of circle in which the most reliable coins are inclosed and working with it only

People have a problem with the market of icos because as we know the majority of them are scams, I personally agree that we should let the market to be as unregulated as possible and see what projects come out of it, but scammers are taking advantage of naive investors so I really think that what we need to do is to increase the knowledge of investors instead of trying to regulate icos.

It won't be stopped till the moment when the cryptomarket will be full of them and this situation is too hard to do because the market is so large.

You are right, but now nothing can be done. Most coins are made with one purpose only - to enrich themselves!

This creation will never been stopped because the altcoins are too independent and needed on the cryptomarket because they are developing it very good.

I do not think it's abandoned. It just proves that their plans and routes are wrong and it is not appropriate in this market. We always have fierce battles to become better. ICO projects are strong, no one can stop the ideas of those who want to start. We should still support them because sooner or later there will be an altcoin that can replace ETH in the future.

I'm not worried about the huge number of new altcoins being created every day. The market will sort out which tokens to keep,what to throw out. And it is our task to learn to recognize scamcoins,it is also useful to learn.

It is getting slower because of the market. Nobody is seem to buy icos anymore and they are cancelling their sales. I believe ico's and ito's wouldn't be there some time later and the time of sto's will start.

The industry will regualte itself,there is nothing much we can do. If you are an investor in ICO then you should do extensive research and look at those ICOs who dont have bounty campaigns because teams are too lazy to take care of the payments to bounty particpants in such way that token price would be resaonable.

different projects on investment plan as investors to work on decision as disputing spares of funds on covering backup on funding as managing tasks of evaluation to gains with strength on confirmation and work with submission of option to request with exchange on returns with the nominal of profit on completion.

This matter is very much known in the crypto community nowadays wherein we can really observe that almost everyday there's a new altcoin which is being created and because of this massive creation of altcoins it produces many garbage coins that are now useless because it was abandoned by its developer after they gain profit from their investors.

Having too many altcoins on the modern crypto market leads to big problems for investors and participants. Quite logical difficulties arise with the choice of suitable cryptocurrencies for reliable investments. But I think that such a problem is unlikely to be solved, investors just need to learn how to choose the right altcoins.

Its baffles me and I am amazed with the growing numbers of altcoin being created in the name of tokens, judging by the numbers of ICOs springing out on daily basis calls for proper scrutiny and research as an investor obviously many of these altcoin will die off having been dump, why can't we trade the available ones with  good projects? like ETH, LTC, XRP etc.

People won't stop trying to make money by massively creating "Shitcoins" Good thing though is the fact that these days only fools buy into such cheap shit and ICOs, those who have fallen victim one way or another to these useless coin creators know better. $atoshi had economics and coding in his hands he wasn't one of those who would create worthless piece of gabarge  just to steal  money from people while increasing the junk of shitcoins we already have! Since people won't stop creating rubbish; it would depend on investors who hold their money to know where to put it! It annoys me that a tool which should make things better for everyone is being exploited by rogues, I trust people are getting wiser by the day, and a time would come when the space will clean itself.

preventing development associated with brand new cash indicates preventing brand new development in the market, it's not required. The marketplace is actually aggressive as well as ineffective will not be made it over time, therefore, you don't have associated with preventing all of them.

In my opinion, there is no point in stopping the process of creating new tokens. All useless coins and tokens vseravno after some time leave the market. In addition, this is still the main way to improve cryptocurrency and it is not worth stopping it. And no one is able to do it yet. ICO projects will be created as long as they are in demand.

You can create conditions that are able to perform only the best and most reliable projects. Only who will be engaged in it and will provide investors with a quiet choice for investments, but not a constant risk.

I don't think so, as long as we can have a good coin, then it will not be a problem, and even we can make a lot of money from the coins. But the massive creation of altcoin will continue since the cryptocurrency is a promising business for people who have big money. They can create the new coins, but the problem is how good that coin to survive and compete with the existing coins. And if they cannot compete with the other coin, then that new coin will disappear and will not have a chance to survive.

will not be a problem when the new coins are created continuously. This would be a good thing as well when there is indeed a pretty good quality crypto and deserves to be great. for less valuable coins then investors and markets will select it automatically because it deserves to be owned that will survive.

No reason to stop them keep creating more coin. how the coin success depends on us, the investor. we evaluate, we decide which coin are the one worth to stand in crypto market. we as earlier investor should lead new investor the correct way. as long we be smart, no matter what project, as long its a good project, it should prosper.

Any altcoins can now be freely created without any restrictions. no one can stop them, but we can resist them. The easiest way is to not buy them and make them lack vitality. We can completely avoid those shitcoins.

I think yes, it can happens when people will finally stop to believe in new coins

This is possible, but not in any region. For example, China has taken a very tough stance against ico market, and continues to insist on it until the required regulation is given to this market. At the same time, in other regions, the release of new tokens and projects continues.

would be hard to stop as there would be more and more ideas and altcoin to be created

I did not see any reason why there should be stop and I think we even need more altcoins now than before. Remember that blockchain technology is to take over our money and capital markets and we are hear by advise to study and understand what the future hold for us in other to succeed in the blockchain industry.

Many altcoin but not any altcoin is created well worth you. The value of an altcoin is based on many factors, such as the project team, the idea of the project, the number of people interested, ...

Is it necessary to stop it at all? Understand, such a large number of projects says only that people want to see them. This creates competition in the market.

i do not think that it can be stopped. but if any dimension to stop it is implemented on the Ethereum blockchain, it think there will be a limit to the numbers of Altcoins creation especially the ones on the Ethereum Blockchain

Well, the entire foundation of crypto is the blockchain.
And that is open source, decentralized, and distributed so no, the creation of altcoins can not be stopped.
Literally anyone can go in and create one, even me.

but, i wouldn't be too worried about it, try comparing it to the internet.
Does the creation of a lot of websites "crash" the internet or make it less valuable?
Just because someone creates a shitcoin doesn't detract from the others.
In fact, in a lot of ways, it actually makes the real projects more legitimate because there are bad ones to compare them to.

It's not like this will last forever also.
Even the most crazy bubble economies pop sometime.

I think this process will stop only when the ICOs will stops collecting investments completely, or when the inventors begin to analyze projects in more detail and understand how they need their own coins and which do not.

That is fine for the market in general but there are going to be many persons that are going to lose every single dollar they invest in them while the developers of such coins are getting rich with that money and they are not been investigated by the authorities,  so the market of icos is slowly evolving in a market where no one would like to invest his money.

For me, it can't be stop. As long as there are people they can fool. They will always create their coin repetitively to gain profit. Nothing to worry that much because such situation was there even before and if you haven't victimize yet, you really don't need to worry. That means, you are extra careful.

Maлoвepoятнo. Cкoлькo людeй, cтoлькo мoжeт быть и пpoeктoв. Ecли бы былo кaкoe-тo oгpaничeниe, тo вcё бы yжe дaвнo pyxнyлo. Oпять жe, ecли paccмaтpивaть бoльшиe и ycпeшныe пpoeкты, oни иcпoльзyют xopoшyю ocнoвy и тoлкoвyю кoмaндy.

They will continue, I do not want to invest in every coin that is inside of their though it is cool to see how they are helping Cryptocurrency a lot.

The only way that the massive creations of new altcoins can be stopped is if there is some kind of regulation put on the market to make sure that the creators have to jump through a lot of hoops to get their coins in the market. If they see that it is very hard to get a new coin going into the market then there will be less people who are willing to put new coins in the market

So far, there will be new ICO appear with the same goals, namely to make money. There are no good projects and it's just a dump of projects similar to each other and without any uniqueness.

And that is never going to happen, how can the governments stop people from just publishing their code in a website? How they can stop people from thinking by themselves? What you say may work for those icos that gather hundreds of millions of dollars but for an ico that only gets a few tens of thousands of dollars such measures are going to be impossible to be applied.

This can be controlled but difficult to stop, like what is happening at US on ICOs now. I believe to do this Ethereum blockchain which gives room for most altcoins to be create needs to place some sort of restriction in creation of smart contracts. That been said project that manage to launch their own blockchain are free of such restrictions, if we try to create a body the will vet projects the decentralized natural of Crypto has been defeated.
In a nutshell creation can be reduced but cannot be stopped

I think it can be regulated, it's true that it's a problem that hundreds of altcoins come out every month, just trying to catch people's money off guard, so some filter has to exist, I think the entry barrier to create an alt should be higher, just so that projects that really strive to get support can achieve their goal.

I really agree that the number of new coins that has appeared in the past few years - is simply insane. It is very sad to realize this, but most of these coins will never become mainstream, 90% of them will die and will not even get a listing on the stock exchanges.

I believe that the situation will continue to be similar. Many new altcoins will appear on the market regularly, and we are unlikely to be able to radically change this situation. The only opportunity for investors is to carefully and carefully examine a potential investment project in order to minimize their risks.

Today, the crypto market is a fairly new, young direction among investors. Therefore, it is logical that today there are still pressing problems and difficulties. But I think that gradually such problems can be solved. Including in a few years there may appear ways to combat the problem of massive altcoins.

Yes, it can be stopped only in case of some measures to be taken to prevent their creation.
For instance we can suggest SEC to qualify tokensales and make some regulation

A huge amount of money is flowing in the cryptocurrency industry. So, a lot of opportunists are diving into this body of money. They're taking advantage that the industry is unregulated and anonymous. This is where the money is. Some are really creating coins even though they know that it'll not survive. They want to earn money from investors. They can't be prohibited from creating coins. All we have to do is to be diligent not to invest on nonsense coins.

I feel that it can happen only through regulations but this market is still not regulated. Maybe it will happen in future if regulations comes into force later.

The creation of tokens today can probably be called the natural process of cryptocurrency tokenization, because today there are a lot of projects that really create new opportunities for people and for the world as a whole.

You have just observed that more coins have been created. But at the same time, many coins have failed due to their failure to perform well. Now the market is growing highly competitive and it will be difficult to survive without performance. And what is going on is for good reason. I think competition will wipe out bad coins.

True, but once the market will fill up, this process will slow down, and maybe even stop. This technology is growing at such a fast rate that soon blockchain can provide a new, better solution that will replace altcoins or maybe even Bitcoin .. Something like Bitcoin 2.0 Who knows?!