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Author Topic: Why people try to create their own coins?  (Read 10893 times)
Athe1964
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August 24, 2018, 09:58:23 AM
 #1281

People create their own coin out of necessity, the blockchain technology is useful and cut across other businesses/sector of the economy. Although this seems to be a recent trends, the more ideas that involves blockchain, the more ICO's thus more coins in the market.
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August 24, 2018, 10:04:19 AM
 #1282

I think they are producing new coin to finance their projects and role their money. They simply don't want to sit idle.
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August 24, 2018, 10:27:08 AM
 #1283

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

For me this is a very interesting question. In my personal opinion many people create their own coins because they are hoping that it could also be popular like bitcoin, its okay to give chances for those coins especially if they are only inspired because of bitcoin and they want to achieve what satoshi also. Producing their own coins to their project is good so that investors can easily identify their projects or maybe they could attract investors to invest to their project.

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August 24, 2018, 10:38:20 AM
 #1284

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

For me this is a very interesting question. In my personal opinion many people create their own coins because they are hoping that it could also be popular like bitcoin, its okay to give chances for those coins especially if they are only inspired because of bitcoin and they want to achieve what satoshi also. Producing their own coins to their project is good so that investors can easily identify their projects or maybe they could attract investors to invest to their project.
The main reason is they want to copy the track of bitcoin and ethereum, how crypto have a good profit on investing in a small amount at first. Also, peer to peer transaction is very popular today, easy to earn for sure.
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August 24, 2018, 10:40:02 AM
 #1285

Maybe because with them creating their own coins, it opens up their enormous opportunities to achieve success and gain a lot of benefits... With them creating their own coins, they do not need an intermediary to deal directly with their investors. If they succeed in creating coins that can be accessed by large communities, and they also attract many investors to join him. That will make their coins can survive and grow in the future. Cool
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August 24, 2018, 09:14:01 PM
 #1286

Everyone want to make money. They see how bitcoin get value from zero to twenty thousand. SO they think they could do the same. And if you have some programming skills. you can create your own token or even your own coin with the own blockchain.
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August 24, 2018, 09:16:34 PM
 #1287

they want to make money and deceive us. that's why so many scams lately.
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August 24, 2018, 09:20:01 PM
 #1288

Many times it's because they don't see designs or details that they would like those coins to have and sometimes it's complicated to do that in the current state of the currency and the devs don't listen, so they go and create their own currency, I also think they want a piece of the cake, as we've seen ICOs is a very lucrative business, whether you do a scam or not, it's a pretty good business that provides good income in addition to sponsoring your idea, in the end, there are copies that are better than the original ones, and offer a little competition to the market
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August 24, 2018, 10:26:33 PM
 #1289

People create their own coins because they want to make profit, fund a project and become millionaires. Of these coins disappeared immediately they are placed in the hands of the public.These are scams, while are genuine projects. Above all the consideration has been money.
shyevana
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August 24, 2018, 10:33:32 PM
 #1290

Because if they create their own money they can be rich. They want to create their own digital money to be rich soon. They want to make more money by creating their own money. Many people are making money on ICO projects. It should be an arrangement for the ICO sector.
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August 24, 2018, 10:38:16 PM
 #1291

they want to make money and deceive us. that's why so many scams lately.
Making money is what most people on this forum want to do. Just stay doing what you are doing and make the money you want.

 
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zero714309
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August 24, 2018, 10:51:22 PM
 #1292

Because a lot of people want to earn a lot of money quickly,whether it's by good way or by tricking people. It is not uncommon a lot of project ICO ended a scam because it is the main objective party developers is not the success of the project but success get money from investors.
KuyaBreezy
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August 24, 2018, 10:52:01 PM
 #1293

They are mostly planning on getting into the cryptocurrency market because it is getting quite popular at the moment, they don't even worry about bringing new ideas or at least being honest with the public.

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August 24, 2018, 11:29:08 PM
 #1294

There are so many coins, but many of them just a copy of anothers. Why they waste their time for nothing? Grin
Do you really think it's a waste of time on their part? You can create a coin today with minimal expense. But when they place it out on the market with all the promotions and people starts buying into it, just imagine how much these people make! A lot! So to answer your question, it's pretty obvious, they just wanna earn quick bucks!

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August 24, 2018, 11:36:24 PM
 #1295

There are only a few coins that really cost money and have a technological base. Or they can manipulate the price and create a vision of a successful project, time will tell.
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August 25, 2018, 05:44:35 PM
 #1296

The principle as in any business: you can not invest yourself, better then create-it will be easier to understand all the system. In addition, it is easier to earn more money than the usual purchase.

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August 26, 2018, 05:31:15 AM
 #1297

I think they just want to attract investors' money. But I want to believe that some of them really dream of developing and implementing useful technology.
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August 26, 2018, 05:38:20 AM
 #1298

Many of them just need big money for a relatively small job. Although I'm glad that some developers really want to prepare a useful technology.
LaurenProfi
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August 26, 2018, 01:24:34 PM
 #1299

First: to earn, second: to promote the project of an existing business related to cryptocurrency, in order to attract more users to the system.

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August 26, 2018, 01:28:15 PM
 #1300

Creating a personal coin is a great aspect of future tokenized economy, where you can employ a spesialist by buying his personal coins.
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