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Author Topic: How many cryptocurrencies should exist?  (Read 348 times)
Spinbackup
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September 04, 2017, 01:49:44 PM
 #1

We currently may find over 900 active cryptocurrencies and the number is growing. I assume that this is not so good because the limited number will give the more transparent exchange and transaction terms - for example, 10 or 20.
What do you think - the number of cryptocurrencies should be limited or the market should be completely free and the strongest ones will survive?

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September 04, 2017, 02:21:04 PM
 #2

Completely free and the strongest ones will survive.

Why stifle innovation just because others are diluting the pool.
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September 04, 2017, 02:28:56 PM
 #3

Completely free and the strongest ones will survive.

Why stifle innovation just because others are diluting the pool.
Exactly.  Time will weed out the trash and those that deserve to be around will be.

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September 04, 2017, 02:34:29 PM
 #4

those altcoins below top 50 I'll consider as a fail coin. the nature of altcoins movement will eliminate any obsolete coin, I actually don't agree that there is need a limitation against altcoins because cryptoworld is opensource and reflect the freedom. let people creating new altcoins everyweek but still there'll always some that be able to keep their existences.

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September 04, 2017, 02:36:58 PM
 #5

I think it's not about the number but about their fields that matters.
We can't compare/consider Bitcoin and Ethereum as competitor.
Similar is the case with tokens.

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September 04, 2017, 02:39:40 PM
 #6

I thought they were more than 1,000 by now. Does anyone know a place to track every single alt? Anyway, crypto is free and has no rules. We don't like a lot of things about it. But hey, other markets have plenty of "shit stocks" and "shit news" every day, a lot more than crypto. So let's not act like we are elite.

By the way, top 50 does not mean success and below it does not mean failure.

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September 04, 2017, 02:40:33 PM
 #7

We currently may find over 900 active cryptocurrencies and the number is growing. I assume that this is not so good because the limited number will give the more transparent exchange and transaction terms - for example, 10 or 20.
What do you think - the number of cryptocurrencies should be limited or the market should be completely free and the strongest ones will survive?

There is no way of limiting the number of different coins or projects. Most will be worthless long term, but a few will stay, and new coins and tokens will keep coming. Let the market decide whats here to stay. New coins might destroy the value of older coins. For example if the technology of a new anon coin is superior to the coins already on the market, value could move from the old coins to the new.

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September 04, 2017, 02:40:57 PM
 #8

There's space for as many as someone is willing to launch. I see absolutely no problem with us having thousands of cryptos. Only the best ones will survive and have long term value but those thousands of dead coins have provided an amazing test field for the tech, without which we would never have made it this far. So keep 'em altcoin launches coming  Grin

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September 04, 2017, 05:40:23 PM
 #9

We currently may find over 900 active cryptocurrencies and the number is growing. I assume that this is not so good because the limited number will give the more transparent exchange and transaction terms - for example, 10 or 20.
What do you think - the number of cryptocurrencies should be limited or the market should be completely free and the strongest ones will survive?
No one can answer the exact quantity of how many altcoin could possibly survive. Maybe the top 20 listed in the coincapmarket was surely survive bu think it is around like 30 to 40 crytpo currencies will survive. But this just my opinion only Cheesy

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September 04, 2017, 05:48:46 PM
 #10

It's like saying that there will only be 20 major websites during the .com bubble. I think many coins can compete with each other for smaller pieces of the pie while many will go on to be huge. The bad and scammy companies will be weeded out over time when they fail to deliver on their promises.
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September 04, 2017, 06:30:31 PM
 #11

Maybe under 50 cryptocurrencies that can still exist in the future. Slowly, some altcoins begin to lose their value due to some factors of popularity competition. Only rich coins have many exchanges that will continue to live.





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September 04, 2017, 06:39:12 PM
 #12

Maybe under 50 cryptocurrencies that can still exist in the future. Slowly, some altcoins begin to lose their value due to some factors of popularity competition. Only rich coins have many exchanges that will continue to live.

i don't think the dev team of those tokens below 50 are going to give up without a fight. they will survive and innovate their platform just to make sure you and more investors will keep their tokens valuable. if they are here to profit or scam then they are here to stay and making themselves legit from being scam token.

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September 04, 2017, 06:43:15 PM
 #13

We currently may find over 900 active cryptocurrencies and the number is growing. I assume that this is not so good because the limited number will give the more transparent exchange and transaction terms - for example, 10 or 20.
What do you think - the number of cryptocurrencies should be limited or the market should be completely free and the strongest ones will survive?
The market should be completely free and only the strongest "will" survive. Look at the market and you will understand. You will new coins popup every month and they end up dying eventually since they do not have any potential.


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stromae
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September 04, 2017, 06:44:43 PM
 #14

We currently may find over 900 active cryptocurrencies and the number is growing. I assume that this is not so good because the limited number will give the more transparent exchange and transaction terms - for example, 10 or 20.
What do you think - the number of cryptocurrencies should be limited or the market should be completely free and the strongest ones will survive?

There is no point on limiting the number of total currencies. Anybody has an idea should be eligible to issue his own tokens within the blockchain. This is how we can get more variety of coins on the market. Strong ones will have a better demand.


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September 04, 2017, 06:47:27 PM
 #15

We have to many altcoins in the market for a while. The most of them died, but there are so many new coins that getting launched every day. I mean you cant set a maximum of new ideas that wanna try their luck with a new cryptocurrecy, but all the old and dead coins that nobody touches again should get delisted or something!

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September 04, 2017, 06:50:05 PM
 #16

I think the more cryptocurrencies the better.
As long they all have purpose to exist

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September 04, 2017, 06:59:41 PM
 #17

Nah man it's completely fine if new crypto currencies are being produced everyday. Don't forget each coin has its story behind it and that comes from the ICO in which it was created. The investments are done on big levels in the crypto currencies. This produces free flowing money into the crypto world and investment opportunities for us.

If coin survives then it's okay and if it doesn't then it is just abondened and new investment are started with new coins. That doesn't affect in negative way at all. So it's fine to have more number of coins I guess.
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September 04, 2017, 07:01:02 PM
 #18

Imho every special use case or industry has its own demands and deserves its own crypto currency.

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September 04, 2017, 07:04:09 PM
 #19

Every new CryptoCoin makes the Crypto World stronger, you can see the total market cap is always growing, so this is not about Crypto War and each one eating another for dinner. It's about the Crypto World getting stronger adding value to the fiat system. Above all this, it is freedom we are talking about, there is enough monopolies centered around Governments politically and fueled by bribes. Your propose is to have a worldwide entity ruling the crypto world with a system where whoever pay more bribes will have the right to be listed in total contrast to what decentralization is all about.

Every new CryptoCoin is a voice of freedom from the people, from the community and it is bringing with it more people, more publicity and marketing for the Eco system.

Besides that, exchanges already put a lot of terms and compliance for some to get listed on it but ultimately the P2P 'raw' trade has no such limit.

Such limitations has the same meaning as:

- Limits on the number of people on a city;
- Limits on the number of companies offering the same service;
- Limits on the number of words you can talk per day;
- And so on...

So, embrace Freedom at all cost, embrace diversity, help the world a better world, not the opposite !!


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