Im sure most of you have been involved, in some way or another, in one of the ever so many e(insert name here) coins, and even the w-Coins, or at least will have seen all the commotion and frenzied posting of people scrambling to fill out as many airdrop forms as they possibly can before the window closes. Why? Through fear of missing out on the next chance to get a significant amount of money for free.
After the whole eBTC airdrop and flash sale every one and their dog has released an ethereum or waves alternative of popular coins which has caused a tonne of confusion and everything else.
My question to yous is: Have you been on EtherDelta today? It would seem that the whole debacle has lead to three eLTC pairs on the exchange and makes me wonder how many more we are going to see crop up now.
As crypto is still a baby, and many find it confusing enough already, I do think this could possibly cause a regression in the progress made for the cryptoverse.
If the general public start seeing all these 'scam' coins cropping up and things like copyright laws being broken seemingly completely flagrantly, and then see the community financially benefit from it all, the inevitable accusations of crypto being nothing but a dodgey drug dealing, child smuggling tool will resurface.
I think that, as a community, which we are, we really need to grow up a little bit and try to think more long term.
Obviously I am not here on a high horse - I was involved in some of the airdrops myself - I am just venting really and think that, for us to be recognised, the community really needs mature quickly.
With things like the UK leaving the EU, the USA stirring up tension beween N Korea and China, Isis and everything else, the world needs a little unity and I think that this community is where logic would say it should start. How would it have gone down if the three eLTC development teams united to make one eLTC with a more solid plan? Though I do understand that it is possible, and even probable, that many of these coins have been made by the same people/person.
Great post and there is a lot we can take away from this. This is something the whole industry needs to start understanding and until we do we wont reach mass adoption I think. How can the industry get credibility when
every other project is calling the other one a scam? Or when you say the other dev is scammy without having any proof? You are right on the button when you say we need to grow up. We really do and we need to do it
quick. Unfortunately because the code is often open-source this leaves a lot of room for scammers and bad people. In conclusion, we need a combination of growing up, more regulation, and whenever in doubt do research
on the project you are going to invest in. Doing those three things should help us grow as an industry much quicker.
