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Author Topic: why so many currencies?  (Read 2465 times)
marianna2020
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June 13, 2018, 01:13:06 PM
 #401

I guess we are still in a new era where cryptocurrencies are finding their path to a future existence. That's why  in this new era, there will be more competition to prove which currency is the best among the same sector. Will see what happens in couple years.

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June 23, 2018, 05:05:59 PM
 #402

Hi All,
Please help me understand in plain English how will we benefit from so many currencies?
I see so many startups with decentralized blockchain ideas with their own crypto currency.
Today I purchased oatmeal directly from a mill at their website.
This mill sells its products thru grocers and other online stores as well.
They probably gave 3% to the credit card company, which they could reduce by using blockchain.
But if every store and every business starts creating their own currency, then I will have to go thru an exchange to convert BTC or ETH to that coin to make some purchase.
Then we would need miners to process all those transactions in various coins.
Why can't they just use ETH? Just like all IPOs use dollars.
Thanks in advance

We only have few legit coin here, number one is bitcoin and followed by Eth and Litecoin, and there were still some but to say that every single merchant will gonna make their own coin it is impossible to last because it will just make it and end up with scamming. I am telling that is true.

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