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Author Topic: What's the Secret Plan - When a Coin Developer Create Multiple Coin?  (Read 96 times)
Crypto_Hunter_Ivan
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July 24, 2018, 12:42:58 PM
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What's the Secret Plan - When a Coin Developer Create Multiple Coin?

I am aware of a number of Altcoin with same Dev. And I am wondering what their secret plans could be. Do they want to cheat Crypto enthusiasts because they simply have possessed the supernatural powers endowed by blockchain technology and harnessed by developer's skills?

I've come in contact with a some and I was inquisitive to ask why they should develop multiple coins rather than focus on one coin and work it to success and beyond. I repeatedly get one unsatisfactory response from them all "I want to use this new coin project to boost the other coin" oh really? If the previous coin project is failing and you need to develop another coin, sell it and use the proceed to boost the old coin project what they would happen to the new coin... Where will it get it boost?.

I think there is something undisclosed by these coin developers. Does anyone else feel this way or what's your opinion? Please share your opinion here and possible solution (if any)
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kaido19
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July 24, 2018, 01:21:31 PM
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I think they created a lot of coins not to save coins that had previously failed, because failed coins were not easy to save even with new coins that were well developed, they did that to back up income, worried that one of their projects failed, then they will still get profit from other projects, which of course is very well developed and works well, this is a speculation that developers must develop that develop more than one project
BitPotus
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July 24, 2018, 02:19:43 PM
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What's the Secret Plan - When a Coin Developer Create Multiple Coin?

I am aware of a number of Altcoin with same Dev. And I am wondering what their secret plans could be. Do they want to cheat Crypto enthusiasts because they simply have possessed the supernatural powers endowed by blockchain technology and harnessed by developer's skills?

I've come in contact with a some and I was inquisitive to ask why they should develop multiple coins rather than focus on one coin and work it to success and beyond. I repeatedly get one unsatisfactory response from them all "I want to use this new coin project to boost the other coin" oh really? If the previous coin project is failing and you need to develop another coin, sell it and use the proceed to boost the old coin project what they would happen to the new coin... Where will it get it boost?.

I think there is something undisclosed by these coin developers. Does anyone else feel this way or what's your opinion? Please share your opinion here and possible solution (if any)


quick pump and dump to make BTC to feed their hookers and blow habits is the plan.....

givinggirl
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July 24, 2018, 06:36:24 PM
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Blockchain engineering and development is a job and obviously like you could be a lawyer or a doctor. If you loss your first case in the law court doesn't by anyway mean you cannot or should not take on other cases and possibly win. This is how I look at it. Apart from the quest for developer to enrich their wallets, moving on to develop other projects enlarge their portfolios. And note that, a developer may actually be developing a coin project for a founder or CEO who directly tells him what he wish to achieve with the project and thus may not be the sole owner of the coin and so any other founder of CEO could hire the developer to work with him on a coin project.

This is nothing to worry about in investing in a potential good coin whose developer had previously failed in another project. He must have learned and gathered more experiences to succeed in the new project.
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