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Author Topic: Why people try to create their own coins?  (Read 11250 times)
Rightchoice
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December 14, 2017, 08:53:38 AM
 #121

Today i mixed my bitcoins here https://bitcoinmix.org , firstly i send minimum amount 0.02 btc to test it and it work fine. Then i mix all my coins. Fast and anonymous service as i see. Suggest to use it.
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Even in the event that an attacker gains more than 50% of the network's computational power, only transactions sent by the attacker could be reversed or double-spent. The network would not be destroyed.
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GubiMixa1292
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December 14, 2017, 09:18:50 AM
 #122

They trying to make money, create new tokens/coins then do airdrop to let people know about their tokens/coins. Then they work hard to push the price up and when they success, they will sell a large amount of tokens/coins.

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December 14, 2017, 09:53:33 AM
 #123

I think it's just so easy now to create a sh*tcoin or a sh*ttoken so people will do it and hope to pump and dump it.. of course some are legit, but it's like ICO's there's just so much garbage lol

:]
dreamer81
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December 14, 2017, 09:55:22 AM
 #124

in 99% of the cases it's because they want to milk you for your money. So be aware of all new coins that wants you to invest!
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December 14, 2017, 10:01:32 AM
 #125

I guess most of the posts here says that the reason is to get quick money though its true we should always consider what their token can do because there are tokens that I believe to be useful someday even their developers might let go the project.

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D-Fault
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December 14, 2017, 10:34:18 AM
 #126

There are so many coins, but many of them just a copy of anothers. Why they waste their time for nothing? Grin

It's two ways:

1) They are developers with their own new and great idea, some innovation or whatever. They need financing to develop the platform so they're creation their own token\coin to start ICO and earn money for developing.

2)The guys want to get easy money. I bet it's about 60% of all coins on the market. You just need a recognizable name for your coin and "c++ monkey" to develop a base. Then you're making money, getting rich. Easy-peasy.

Fortunately the times when a (2) variant was always profitable has gone. Nowadays the market are stabilizing and all that scam coins are slowly been threw out to thrash bin.
Hamaber
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December 14, 2017, 10:36:15 AM
 #127

There are so many coins, but many of them just a copy of anothers. Why they waste their time for nothing? Grin
for the coins I think they will be interested in making them but for the tokens you can see that people start their own businesses and for that they collect funds and in that every project have their own planning and idea.
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December 14, 2017, 10:42:36 AM
 #128

In the world of cyberpunk, a "why not" is often a good answer. Wink
Lodipetmalu
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December 14, 2017, 11:27:14 AM
 #129

Money is important thing. They create their own coins to develop for their growing business. If people addopt it and they will earn more profit.
Getcoinsite
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December 14, 2017, 11:47:58 AM
 #130

They dont waste their time for nothing. They use their time to either develop a legitimate project or a scammy project. It is up to us as the users to decipher which is which.
great explanation mate..thats what the project developer wants it to be.the
only thing that matters is two things.its either legitimate project os scams.thats why
we must be observant in every ico that we will turn to
DiscretePatriot
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December 14, 2017, 11:53:43 AM
 #131

Money would definitely be the primary agenda here, although it's not really a bad reason. I wouldn't  want to waste my time on something that wouldn't be beneficial in the long run.  Smiley
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December 14, 2017, 11:57:22 AM
 #132

the reasons in most cases of course it's money, but I'm also sure that some people just loved this technology and they don't like just being superficially involved in it, and they want to bring something in their own and be even closer to this revolution...many such new coins are becoming popular and successful
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December 14, 2017, 12:02:22 PM
 #133

There are so many coins, but many of them just a copy of anothers. Why they waste their time for nothing? Grin
some people want scam us. some people want their own coin to have full control for their project. many reason. Cheesy be carefully when invest to anything

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defc0de
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December 14, 2017, 12:08:58 PM
 #134

It depends upon the creator of the cryptocurrency. Most are about new ideas that make use of tokens as a form of currency, platform or as a form of shares in the company. There are some however who just want to make quick money. They build a supposed to be "legit" project, get investors and get away with the money collected. There are also scam airdrops (if you can remember the "e-version" of popular cryptos i.e. eBTC, eNEO, eXMR etc.) that asks for donations so that they can send the tokens to you, and you end up holding useless coins.

There are also projects that focus on a goal and spread the coin via airdrop and bounties. One example is DeepOnion. They didn't start out with an ICO, but used a free airdrop program. They gained a lot of followers and built a massive community out of it. They are actually one of the most successful airdrop here in BCT right now, with over 2000 pages of thread replies from the main ANN thread. If you'd like to be a part of the program, you can check the airdrop rules here - https://deeponion.org/airdrop.html. There's still a few weeks left to get into the airdrop, so better get moving and don't miss your chance to be a part of this amazing project!

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December 14, 2017, 12:10:48 PM
 #135

People are making projects and startups each and every day and want to raise funds. These funds are based on the value of the coins coins created.

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December 14, 2017, 12:29:36 PM
 #136

of course they try to get huge amount profit, moreover bitcoin price has so fly high. with every way, they try to attract the investor as much as they can. and sometime sacrifice them and left with no news, then marked as scammer.
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December 14, 2017, 12:48:42 PM
 #137

Because creating a new COIN means printing out cash, a new ICO can get a lot of financing, and many projects don't need so much money at all.

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December 14, 2017, 01:20:41 PM
 #138

Coins created by developers to make an easy transactions but some of them are not legit. Their main goal is to grow their business and more profit for future.
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December 14, 2017, 02:10:05 PM
 #139

There are so many coins, but many of them just a copy of anothers. Why they waste their time for nothing? Grin
before becoming a junk project they also have planning for success, they work hard in order to create new innovations favoured by many people. but on the way, they find a problem and can not solve it so they are forgotten and become rubbish. do not underestimate the work of others even if it looks garbage
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December 14, 2017, 02:17:24 PM
 #140

the main goal is to achieve the profit as well.
the number of altcoin emerging due to their desire to raise capital, introduce brands and more. There is also a lurking prey to eat. So be careful with new altcoins that are unclear, they may just collect bitcoins and run away without any clarity about their coin program.
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