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Author Topic: Why people try to create their own coins?  (Read 11250 times)
Msile
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November 15, 2018, 11:41:27 PM
 #1761

Because relatively to do this does not require a lot of effort and surely they capture a couple of fools who do not realize that it is simply a plagiarism, if what they do is copy and paste then the next step is to take care of certain details, change the name of their tokens and be ready to go, you have a new shitcoin listed to defraud the unsuspecting in the market.
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It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
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Lwtelencio
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November 16, 2018, 11:54:48 PM
 #1762

There are so many coins, but many of them just a copy of anothers. Why they waste their time for nothing? Grin
One reason is 'Money' most of us want to rich in different ways, maybe this is the idea of those people to become quick money income thats why they make thier own coin.
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November 17, 2018, 01:18:11 AM
 #1763

There are so many coins, but many of them just a copy of anothers. Why they waste their time for nothing? Grin
Those people have their own perspective about their own token. And every token has a target or mission thats why investirs are choosing which ICO has the great mission and that has a big possibility to succeed. Creating a tokens is not a waste of time unless you create a really coin that has no target at all or any mission at all.

My opinion same with you. Some token maybe have similiar project but maybe the developers creating a new feature and thats the reason the creating a new token. Developers must be have a target to reach before creating a token and i think its good because creating competition in market

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November 17, 2018, 02:42:14 AM
 #1764

Maybe they want to create something new, so they create a new coin, of course it's a good idea to create their own coins which will be an opportunity to be able to get results in the future

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November 17, 2018, 02:45:27 AM
 #1765

I actually don't mind that there are so many coins.
After all, blockchain tech is decentralized and open source, so anyone can take it or fork it.
Having so many coins just goes to show that satoshi's vision works.

Of course, it is annoying and also bad for the market when a company just tries to make a quick buck by copying something else.
But these are typically short lived and lose steam very fast, especially as the market matures.

When crypto was in it's baby stages, there were actually a lot of techies who went and created their own coins.
This is where some of the best joke coins came from, stuff like nyancoin and doge.
But it also paved the way for people experimenting with more things like increased privacy and other features.

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November 17, 2018, 02:55:47 AM
 #1766

Obviously, creating coins can make money, and because using ERC-20 to create coins is very simple, and many fraudsters are using it now!

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November 17, 2018, 12:49:36 PM
 #1767

I actually don't mind that there are so many coins.
After all, blockchain tech is decentralized and open source, so anyone can take it or fork it.
Having so many coins just goes to show that satoshi's vision works.

Of course, it is annoying and also bad for the market when a company just tries to make a quick buck by copying something else.
But these are typically short lived and lose steam very fast, especially as the market matures.

When crypto was in it's baby stages, there were actually a lot of techies who went and created their own coins.
This is where some of the best joke coins came from, stuff like nyancoin and doge.
But it also paved the way for people experimenting with more things like increased privacy and other features.
Now the market is different and fraudulent and empty projects it has no place.Competition is increasing.Will have the price of the product which in spite of its capitalization and overall market conditions will continue to evolve and improve, not matter what.
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November 18, 2018, 12:18:30 AM
 #1768

Why not? After all, it is very simple and easy.
I think it's a cool idea to turn your life into coins and pay with them.
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March 22, 2021, 11:10:47 AM
 #1769

 cause it's fun specially if there are some game tokens

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March 22, 2021, 11:39:27 AM
 #1770

Our reason to create a cryptocurrency was to finance our project. Our project is matching people to companies based on skills combined with cryptocurrency. That way we are creating a unique platform. For a startup like us its hard to come by finance. So creating our own coin and combining this was the natural thing to do for us.

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March 22, 2021, 11:48:51 AM
 #1771

They wanna get much profit because so far always joining with other coin and try how to be developer for their self with their own create coin, but I am not really believe with any new coin without know how can trust the owner, always have chance to get scam with new coin because they made only to get investor and run away after coin sold on ICO or IEO.

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March 22, 2021, 02:06:32 PM
 #1772

developer works on extensive as the manage on crypto finance that they have with the plan to deliver product and service to reach of public audience that the token on release as they have identification gives on excess as the way to gains of attention from public audience and more on chance as trader to work with the crypto finance.

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March 23, 2021, 02:30:08 PM
 #1773

developer works on extensive as the manage on crypto finance that they have with the plan to deliver product and service to reach of public audience that the token on release as they have identification gives on excess as the way to gains of attention from public audience and more on chance as trader to work with the crypto finance.

But many developer not responsibility right now how to make their coin keep exist on market, they try to fud investor only by giving good promise at the first, when success ICO and reach hard cap they run away and listing coin only on shit exchange market. Now have need proof from developer how their coin keep going on and never any drama for listing coin on bigger exchange market.

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March 25, 2021, 02:14:32 PM
 #1774

The primary concern is that they are anxious to bring in cash on this, however they don't think a lot about the critical standards of crypto. Accordingly, they choose to make their own coins, the vast majority of these endeavors don't prompt achievement, in light of which they supplement the rundown of shit coin project
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March 25, 2021, 02:21:14 PM
 #1775

Some people want to create something new and really revolutionary that will be convenient for everyone,but unfortunately in most cases, people pursue only one goal, namely personal enrichment.In uelom, this is normal.If there is a supply, then there will be a demand.

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