Why can't people just use Bitcoin instead of all these coins? I don't understand why we need to own all different coins for all kinds of niches.
1. The same reason why we have a diversity of global currencies (USD) (GBP) (JPY) and we have a DIGITAL crypto platform and FIAT working beside each other.
2. The world is a diverse place and the ALT currencies reflect this... would be like say everyone should wear the same cotton shirt or all animals should be cats!
3. The ALTS also allow creative development in the marketplace... for instance Quarkcoin is even safer than BITCOIN in its algorythm...
4. The originators of Bitcoin are the main benefactors in the global explosion of Bitcoin. The ALTS allow new entrepreneurs to share in that wealth if the ideas and brands are reliable and move the market on.
The brands I am developing move the market on, are new creative concepts and introduce innovative diversity to the crypto biosphere.There are too many alts I'm afraid - diversifying is OK but to such an extreme is just confusing for newbies entering the market. In a way creating new, unnecessary coins deflates the ones already in existence.