Bitcoin Forum

Without Ethereum network and smart contract, cryptocurrencies market won't be flooded with much duplicated coins, which has yielded to so many scams. I think without Etherum, we will have Bitcoins, Dash, Litecoins and few top coins which made the competition so stiff that coins went higher often. Now the market is flooded and investors are now investing their monies across these coins, hoping to find the next bitcoins. These coins are the reason why the market don't get up but always trending downwards.

I do not think so. I think the main reason is that many bought bitcoin at a very high price and still not sold it, and still hopes for growth, and it is necessary that all of these people sold it much cheaper and then there will be a breakthrough. I think altcoins do not play a big role. The main game goes with bitcoin

Not sure about that. Because, ETH is one of the most influential and important coins in the crypto market as well as a great contribution to the overall development of the blockchain industry. Apparently in the trend of expanding the crypto community, ETH does quite well tasks and extends these gadgets directly or indirectly through other forms of ICO. If we consider ETH to increase scam or if there is no ETH, will the market survive and grow as it is today? These are unfair and uncomprehensive.

Scammers will find a way to mimic and impersonate everyone, everything and everywhere. This has nothing to do with Ethereum, NEO, EOS or any particular platform or company.

it depends how you think,for you know, after ethereum smart contract alive.
can u see how much total market cap raised ?
did u think without ethereum smart contract,people know about cryptocurrency ?
more people come because ico ico come from ethereum,but some people try to use that for scamming people.

You are right because they can still scam people without those platforms that help them create their own coins or tokens easily. With programming skills, I think they can still fork a coin or two and launch their shitty ICO's without Ethereum's help. That being said, do not blame ETH OP, it is one coin with real world use cases and its smart contract is meant to enforce negotiations and increase and not to scam people.

Is this a joke? Man, have you seen the history of ethereum itself? it has started form the open source code of bitcoin. Before ethereum was alive and a lot of scam coins has already created through use the bitcoin open source code. You should learn a lot about the history of crypto before try to judge anything about it.

True, the amount of coins that are being made on the ethereum platform is just insane but that aside, it is not the fault of the ethereum creators that people are always greedy and will always try to use something so great to satisfy their own personal greed.

the causes is not with ethereum, because without ethereum cryptocurrency will not so popular like this moment too
smart contracts is very good idea in crypto world, you can see a lot of project coming with smart contracts now

without EThereum, dev can create self coin
another can use NXT token, waves token similiar ETH token service

100% false if you were around before ethereum deployed smart contracts, go back and look at the year 2013/14 tons of scam coins were being made, they would release a coin with a huge premine, than dump on people buying the coin you had to be more careful back than, than you have to today.

If you follow your logic, then you should cancel the fiat money and the scammers will disappear altogether. In fact, a large number of scammers says only that today there are too few tools to combat them.

actualy when did you get that kind of hoax information that because of ethereum  coins and smart contract the  market would be flooded with much duplicate coins and my question is how could  they can duplicate  those integral numbers  or  a figures? even they can duplicate those smart contract,its not easy to  configure those many kind of number and the blockchain market will notice or detected it if its genuine or not,therefore maybe those information that you heard is misleading and could create FUD or havoc  into the world of cryptocurrency.

I don't blame ethereum on this, it's part of its feature and innovation.

Blame the scammers that are too genius of thinking and does have an never ending strategy on how to scam people. Ethereum isn't the only crypto that does have ability to create new coin, don't forget about nem, waves, etc.

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

the solution is how to increase the return value of each current coin until it reaches the highest point again as it has ever happened
hopefully can make the attention for the developers

In my opinion, you are wrong in this question. It doesn’t matter which altcoins are here, scams and flooding will be forever on the market. Each system has its own disadvantages and the crypto-market is not exception. We can live with it only.

Know what? I have been thinking of this, too in a long time ever since I knew the potential of it. Most of the erc20 tokens are using ethereum based blockchains. If ethereum doesn't developed and discovered, then maybe, just maybe that they will never be shitcoins that are dependable in eth.

But in the contrary side, there are still advantages of it in which it helped in the success of the other coins.

I'm not sure about it. Scams and altcoins at all will be alive in each possible way of crypto's development. The markket can not live without them.

I agree with you to some an extent but it is good to know that every technology has it's good and bad sides, you are only talking about the bad sides, what about the good sides of ethereum? Ethereum introduced smart contract meaning without ethereum maybe by now we won't have know what is smart contract. It's true that there are some scam coins but it is left for investors to invest in good coins.

The scam coin has already existed since the source code of bitcoin has been leaked by someone to the community. OP doesn't know what he was talking about that. It seems like op needs to learn more about that,.

What a nonsense!))) Don't you think that there would be analogue for Ethereum by now? Smart contract is a great thing that has brought crypto transactions' security to a higher level. When Ether was going through the ICO stage it used to cost 0,5$, and now (in the bear market time) it is about 500$.

I think this is not reason the market down, smart contract technology of Ethereum very usefull for many different industry and many starts ups been use it to increase their service and product. Also is not all token based on Ethereum is failed, there are also many project that user smart contract of Ethereum was successfully and give huge return to the crypto community.

 I don't think that's the right thing. in my opinion, ETH is an important coin in the Crypto market. if indeed the ETH increases fraud, the market will grow like this. I don't think this is true.

And if there is no ETH. Then the market will not be as developed and diverse as the present. You should look at many different aspects. The scam ICO is unavoidable because selfish greedy individuals make it. The birth of ETH changed the history of crypto

Lol, but there is a little truth in this. Don't get me wrong, ethereum remains one of my most favorite coins in the industry, but without it, most of these scam coins wouldn't have been all over the place. A lt of them are built on its blockchain and it is one thing that seems pretty easy to do. So anyone thinks of a scam project, and booom, build it on ethereum's blockchain.