Ban New altcoins

[sann111]

I think its time to ban new altcoins from coming in, there should be a limit on how many altcoins there should be per year
so that people can actually profit from investing in altcoin.

[ShadowBits]

I think its time to ban new altcoins from coming in, there should be a limit on how many altcoins there should be per year
so that people can actually profit from investing in altcoin.

I think that would be a great Idea so people may not be confused on what coins should they invest in, it is good to limit it only per year.

[theguvner]

I think its time to ban new altcoins from coming in, there should be a limit on how many altcoins there should be per year
so that people can actually profit from investing in altcoin.

In an ideal world/market, yes. In practice, no.
The whole deal with crypto is that it isn't regulated.

[ChiBitCTy]

This is a poorly thought out statement and for your sake OP I hope you spend a little more time reading and doing homework. It’s clear that you don’t truly understand the cryptocurrency landscape. Not all coins are meant to challenge Bitcoin.

[TWW]

that would be great idea...but my question is HOW...i think no one could stop new altcoin for being created since its sometimes anonynimous and no regulations about it...our best way to do that only make market do tight selection to these new altcoin

[WhichIsGood]

I think its time to ban new altcoins from coming in, there should be a limit on how many altcoins there should be per year
so that people can actually profit from investing in altcoin.

I'd have to agree with this idea. So many altcoins are popping out of nowhere every year and the risk of being able to join crappy ones are quite high. I know that the whole point of crypto is not being regulated by a certain entity, but the amount of altcoins is too damn high that you won't be able to tell legit ones from scam ones.  

[Herbert2020]

I think its time to ban new altcoins from coming in, there should be a limit on how many altcoins there should be per year
so that people can actually profit from investing in altcoin.

first of all this is a decentralized and free market, "ban" means nothing here.
secondly the current altcoins that exist are more than 90% shit, and if you want to do anything we should start banning these altcoins starting from top 2 altcoins that are causing the bloat in total market capitalization.

not to mention that good projects may finally come out after this altcoin fever ended and everyone got tired of losing money in the pump and dumps and they started focusing on the technology.

[Kakmakr]

How are you going to ban it? A developer will make some small changes to a existing Alt coin {Open Source} and then tweak it a little bit and release it on a public forum or a website. Who will enforce this ban and who will get priority, when spots are available? <First come first serve>?

Crypto currencies are Open Source and a breeding ground for innovation. Why would we want to stop innovation? Nope, I think this will open a can of worms for corruption in the centralized authority, who would be assigned to manage this. 

[Sevarchik]

Create web site with your banned new cryptos list, and agitate peoples dont buy this coins.
Behind new altcoins staying something, maybe its very important technology, and you trying ban it.

[czhy20]

I don't think its a good idea. There are always room for more innovations. Yeah, there's been tons of shitcoins out there now but there will always be good ones. People just need to be smart, choose wisely what to buy or what coins to invest with.

[Xzhyte]

Developers are creating coins and selling them in ICO's for crowdfunding. I think it's not bad even if there are lots of coins out there now. Well, the future of a specific altcoin depends on its long term purpose and the support of its community. Having more altcoins means there are more choices, more opportunity to earn.

[vincentyanx]

I agree with this idea, with the restrictions on entry of other coins will minimize the competition and will further facilitate us in transacting and not too confusing us as hunter.dan to avoid the movement of the exchange rate is very significant

[metenjean]

Literally i think its the best ideas, there are lots of altcoins everyday popping left and right even until now there are 1,3k coins registered in the coinmarketcap. However i also think it is inapplicable because there are no regulations for bitcoin and its alts, we dont even know who created it at first and i dont think people want coins to have any regulations at all since you will be forced to obey the rules.

[BTC-Graphicdesigns]

I think its time to ban new altcoins from coming in, there should be a limit on how many altcoins there should be per year
so that people can actually profit from investing in altcoin.

Ahmmm no! Just do your homework and then decide which altcoin to invest in. It is not like anybody is forcing you to buy altcoins!

[Shreek]

I think its time to ban new altcoins from coming in, there should be a limit on how many altcoins there should be per year
so that people can actually profit from investing in altcoin.

I think that would be a great Idea so people may not be confused on what coins should they invest in, it is good to limit it only per year.

yes, I agree with you, preferably altcoin which enter to market is limited. so does not make people confused as well, or better market do altcoin filtering, such as between decent and unfeasible. which is not feasible should be burned and decent let it circulate in the market.

[tanoe]

Developers are creating coins and selling them in ICO's for crowdfunding. I think it's not bad even if there are lots of coins out there now. Well, the future of a specific altcoin depends on its long term purpose and the support of its community. Having more altcoins means there are more choices, more opportunity to earn.

I had the same thoughts, the popularity a coin depends on how popular and existence of the team. The more creative and active a developer, the better the coin's popularity.

[CNY dasd]

This is a very good idea, but it's hard to implement. New altcoins can make a lot of money, and a small amount of altcoins can make coins more valuable, but for people, they care more about the benefits they bring.

[Beehives]

I think its time to ban new altcoins from coming in, there should be a limit on how many altcoins there should be per year
so that people can actually profit from investing in altcoin.

If banning a new altcoin is an unfair for them. New altcoin contributes on profit and stabilize and limits the price of the existing coins/tokens. If the market is just monopoly price will definitely soar high which deny a privilege for the upcoming investor. Everyone wants a profits but do it in a healthy way not bu suppressing others.
Competition in the market is where the investors/traders made a healthy profit.

[Hexah]

I think that is not a necessary one since new altcoins serves as new investment to keep the market always on the go. If we ban so many new coins I think we will see a massive decline of market cap that makes the other cryptos lively too. Hence, if that coin is a decentralized one, there is nothing to worry about since blockchain makes it possible no one controls it.

[hadveach]

yes, a good idea, but I think it will not happen. today I see there are already 1500 altcoins in the market, unless the market has a maximal limit. and as long as the market receives altcoin, it will continue to increase.
may be temporary, we can still choose a good atcoin to invest. but if it has reached 5000. I think this will make us confused and difficulty.