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Author Topic: Ban New altcoins  (Read 457 times)
Geoll29
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January 24, 2018, 02:41:41 AM
 #61

Banning new altcoins is a good idea but I think it's not possible at this time. At the moment there are more than 1,000 digital currencies and most of them are not regulated by the government. Also everyone has the right to build their own business through cryptos. We also has the right to build our own digital currency.

boboking
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January 24, 2018, 02:53:44 AM
 #62

First this impossible because there is no regulation about creating new coin. There is no agency or ministry that can do this worldwide.
Second I do not think that having a lot of new coins will hinder the rise of the other coins. You just really need to know what are the coins that are potentially great in the future and you can do that by researching.

Dudeperfect
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January 24, 2018, 04:47:48 AM
 #63

Well, I don't think banning would affect anything because we trust the principle of decentralization and if someone is not comfortable with the existing coins then he has a right to create his own with his own set of rules and there is no infrastructure as of now and I don't even see any possibility of such regulations where imposing a ban on the creation of such a coins but if we need something to prevent damage from scammers using ICO method.
Indrawan77
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January 24, 2018, 05:07:48 AM
 #64

I don't agree of banning, I suggest  there should be a regulation for new alt coin that want to be created, it will halt the swarm of the unuseful coin and it also can prevent scammed coin, I think we are already flooded with tons of coin that got no value, it can make people have a negative perception about alt coin, I don't mind to have a lot of alt coins appear as long as it got a good usage and potential for the future
Zero1One0
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January 24, 2018, 05:45:18 AM
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 #65

Putting a cap on new coins or tokens being created will limit the new projects coming in to the crypto space.

It's really up to the Devs to be mindful of what they are creating.

Also to the bitcointalk community, If you assessed that it's just another copy/paste of an existing coin with no innovation or roadmap to develop it / use case OT it's a shit token in ethereum that will be another trash in the crypto space, do not support it - even if it's an airdrop.


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denzkilim
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January 24, 2018, 05:55:19 AM
 #66

I think its time to ban new altcoins from coming in, there should be a limit on how many altcoins there should be per year
so that people can actually profit from investing in altcoin.
This is not a good idea because many companies are affected in this plan. So we should allowed only 50 coin in per year other altcoins are launching in next year. This kind of plan is better to your plan. First we create chart for this year launching altcoin. Then we should allocate one to fifty altcoins but i don't know how this is possible in current scenario. Because many MNC companies are launching the new altcoins so we don't stop or control. I think only one option is possible we don't invest in shit coin.
I don't think this idea gonna happen and will work well if implemented. We all know that crypto currencies are decentralized and there are no country or any government to control over it. And banning the crypto currencies is not a good idea because the competition of every crypto will be low, developments will be stagnant or no developments at all coz there's no one or few one's to compete with. The huge growth of crypto currency creation is a good thing for those who have REAL and LEGIT projects to work well and keep on updating their project for the benefit of everyone. At the end this is still a big issue and need a lot of time to study and make some policies and rules and regulations for the crypto currency world.  Smiley
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