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Title: What makes coins fail? Post by: iamtheava on April 17, 2015, 07:34:23 PM I'm doing some research and would love everyone's insight.
What makes crypto-coins fail, die, go out of business? I'm looking for specific things that are tied to a coin failing. I heard many coins fail because they're dumped and so value leaves the economy. What else makes them fail? Title: Re: What makes coins fail? Post by: generalizethis on April 17, 2015, 07:56:43 PM I'm doing some research and would love everyone's insight. What makes crypto-coins fail, die, go out of business? I'm looking for specific things that are tied to a coin failing. I heard many coins fail because they're dumped and so value leaves the economy. What else makes them fail? I would say a lack of why is the biggest one. If a coin doesn't have a reason to exist outside of making people money by selling higher than they bought it, why would anyone want to use or keep it? Also, claiming more than you can deliver is a big no-no. Just be upfront, honest and good people will support you and your coin. Title: Re: What makes coins fail? Post by: Spoetnik on April 17, 2015, 08:51:43 PM not being Bitcoin is a huge fail..
like the other guy said pretty much.. features etc. unless it blows BTC out of the water it's useless ..............and the devs knew it before launch so.. why do you think thy keep pumping them out ? Title: Re: What makes coins fail? Post by: MadCow on April 18, 2015, 05:47:04 AM community, people supporting a coin make it work. A 100% clone of bitcoin could wipe out every coin, including btc, if as little as 5 million people started using it regularly.
Title: Re: What makes coins fail? Post by: scarface on April 18, 2015, 08:22:23 AM being a premined scamcoin makes them fail
Title: Re: What makes coins fail? Post by: tyz on April 18, 2015, 09:27:22 AM The most coins which failed so far were purley scamcoins, cheap copies of Bitcoins source code that were set up only to make quick profit for their founders. All serious coin projects are still alive and prosper.
Title: Re: What makes coins fail? Post by: nihilnegativum on April 18, 2015, 01:13:30 PM Incompetence, fraud and lack of interest.
Title: Re: What makes coins fail? Post by: CoinTop on April 18, 2015, 01:37:21 PM community, people supporting a coin make it work. A 100% clone of bitcoin could wipe out every coin, including btc, if as little as 5 million people started using it regularly. agreed problem is new coins come out each day which all look good also. Title: Re: What makes coins fail? Post by: Crestington on April 18, 2015, 01:44:00 PM Inflation (POW or high compounding POS)
Too low inflation Negative public opinion No development Title: Re: What makes coins fail? Post by: thundertoe on April 18, 2015, 03:36:43 PM failing is a matter of perspective, i would say a coin has failed when its chain is stuck and or has zero nodes.
Title: Re: What makes coins fail? Post by: K210 on April 18, 2015, 03:53:31 PM because they have nothing new to offer, look at the top 10 coins on coinmarketcap they all have special features which give them value ( with the exception of ripple which is a centralised overvalued piece of shit).
Title: Re: What makes coins fail? Post by: shapeshift on April 18, 2015, 06:53:58 PM Lack of
-community, -security, -services, -development, -excitement, -marketing etc ... Coins fail because they have at least 2-3 of above lacknesses. Also BTC price decrease affects all altcoins in a bad way. Title: Re: What makes coins fail? Post by: Amph on April 18, 2015, 07:29:48 PM the dev in 90% of the case, when he run a malicious code with backdoor other crap like that
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