Yes most have no use other than to make the developers rich. They are diluting the market and taking away growth from the real coins. In fact we don't need any more coins PERIOD! We have too many already. It's the buyers of these shitcoins who are at fault. Not satisfied with the growth of ether so let's just spread our investments out among 1000's of altcoins! Stupid...we would all be much richer if we just stuck to the top 20 coins.
I think i have figured it out: I have been banned too
"Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove"
That is such a wonderful description of bitcoin to show to my girlfriend. Saves days of explaining. Thank you !
Everybody knows why bitcoin is surging, but knobody new just how deep altcoins would fall. That is the problem. In the past altcoins actually grew the most when bitcoin was making new ath's it's crazy the amount of noobs coming in acting like pro's who actually don't know jack shit.