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Author Topic: Can the massive creation of Altcoins can be stopped?  (Read 2452 times)
Gaaara
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May 04, 2018, 05:56:20 PM
 #1

I was just wondering after the altcoin being successful there have been more unreasonable coin that has been created, hence there are more people will  doubt it, and seriously more and more coins has being created just for profit I mean you can gain some profit off of it but its not the reason why a founder should create one.

After seeing so much coin being created and been abandoned with gaining profit from it made me think that if the new coin stops coming then we could focus more on some reasonable coin and some coin that is currently being developed.





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Re: [TOKPIE] live exchange for [BOUNTY] stakes trading [ETH/TKP/USDC] Rnd 1 🚀
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Re: [TOKPIE] live exchange for [BOUNTY] stakes trading [ETH/TKP/USDC] Round 1 🚀
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May 04, 2018, 06:11:49 PM
 #2

I think this is part of the justice equation and an important responsibility for the crypto community to answer.  We all need to be thoughtful of this situation where massive releases of fraud coins are released with the simple goal of any profit rather it be $1 or $100,000 or $1,000,000.

What about a justice coin that would reward freelance crypto justice enforcement by payment via crypto currency? 

I really think this is important.  I don't have any plans to be a coin developer but I want to learn more about what goes into this process while also continuing to pursue a justice mechanism that would greatly reduce the number of crap coins being released all the time.

Maybe reputation is another factor to somehow be worked into the equation.  But then that makes market entry really difficult for people without reputation.  And of course, how could we track reputation while still protecting privacy?  I mean, that's pretty much done on these boards if people are careful.  So it is possible. 

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May 04, 2018, 06:14:38 PM
 #3

It doesnt matter at all cos numerous quantity of alt coins dont affect on market at all cos if it's shitcoin, noone will support it and that alt eventually will fall down. So, I think it's really unreasonable to control their emmisiob but ICO's gotta be controlled by ourselves by increasing requirements for team revealing (live streams, events). Not just TG chat with "Give us money for..." title.

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May 04, 2018, 06:16:38 PM
 #4

I don't think we can stop creating of new altcoins. I don't think we should try to do it, because the market clean itself and only the best projects will survive.
Probably we should think about some regulations or some deposit being paid before creating a new coin, this way the creators will be more careful and will make sure their product will survive.


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May 04, 2018, 06:19:26 PM
 #5

I see no problems here, anyone is free to create his token or coin. It's up for the people to use their brains before investing.


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May 04, 2018, 06:26:44 PM
 #6

I see no problems here, anyone is free to create his token or coin. It's up for the people to use their brains before investing.

completely agree with you. everyone should use his or her brains before investing somewhere. But to my mind it would be great to find some principle or method to prevent so massive fraud projects. Of couse the market has it`s own rules and only the strongest survive, but it is better to prevent.

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May 04, 2018, 06:34:00 PM
 #7

That would be good thing to do. But unfortunately we cant control it as we are leaving in the world of decentralisation now. I mean the crypto dont ask for your single decision but anyone can go and create the source code foe themselves.

Also if we stop them creating then people will really not get interest on limited coins because they always need new projects with low cost of investment. That could be another reason which can disturb the whole thing. But its good thought, that change many things but we dont have investors like minded!


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May 04, 2018, 06:36:02 PM
 #8

I was just wondering after the altcoin being successful there have been more unreasonable coin that has been created, hence there are more people will  doubt it, and seriously more and more coins has being created just for profit I mean you can gain some profit off of it but its not the reason why a founder should create one.

After seeing so much coin being created and been abandoned with gaining profit from it made me think that if the new coin stops coming then we could focus more on some reasonable coin and some coin that is currently being developed.
I don't mind if the new coin has a good innovation it will be bad if they just copy cut existing project and earn the profit by doing that. There are so many alternative coins out there but only small of them are really great whether it's feature or utility. However, it is too hard to stop this because people are just don't care about it they just want profit. I think we have lost count of how much coins have been created out there.
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May 04, 2018, 06:39:08 PM
 #9

Not going to happen because ICOs are unregulated as part of decentralization of cryptocurrencies no one can stop people from launching their own ICO as far as i am concerned these projects are created by mostly  people who want to get wealthy faster than anyone else,they can raise millions of funds from investors which is why they wont stop creating over and over.

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May 04, 2018, 06:42:26 PM
 #10

You won't be able to stop it and the number of new coins will just keep on growing.
Altcoins brings money, as new creation of a coin usually drives the creators to start an ICO, which brings them money( and at the same time it decreases the price of ETH).
As long as new creation of coins will bring money to their creators, we will see more and more to be created, we can only stop them by avoiding entering newly generated tokens/coins.
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May 04, 2018, 06:51:43 PM
 #11

I was just wondering after the altcoin being successful there have been more unreasonable coin that has been created, hence there are more people will  doubt it, and seriously more and more coins has being created just for profit I mean you can gain some profit off of it but its not the reason why a founder should create one.

After seeing so much coin being created and been abandoned with gaining profit from it made me think that if the new coin stops coming then we could focus more on some reasonable coin and some coin that is currently being developed.

This is world going behind the competitions for each and every field. This is happening now in the crypto currency side as well. Lets all altcoins fight each but as investors we people only chooses the famous and potential coins in the market.
Since smart contracts has been evolved with the help of ethereum we has found and gave the way to come for various projects.

Now NEO, XLM are being part of smart contract works mate.
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May 04, 2018, 06:52:09 PM
 #12

I think crypto era is just starting so we are just at start and tokenization of businesses and services will pace up with time, i guess we will have more than 5000 tokens active in next 3 years.

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May 04, 2018, 06:52:27 PM
 #13

I was just wondering after the altcoin being successful there have been more unreasonable coin that has been created, hence there are more people will  doubt it, and seriously more and more coins has being created just for profit I mean you can gain some profit off of it but its not the reason why a founder should create one.

After seeing so much coin being created and been abandoned with gaining profit from it made me think that if the new coin stops coming then we could focus more on some reasonable coin and some coin that is currently being developed.
You and so can concentrate on some reasonable coin. For this, it is not necessary to suspend or ban ICO campaigns. I'm generally against suspending the ICO as a kind of activity. Despite many of its shortcomings, and above all the high probability of fraud on the part of the ICO team, on the whole this activity is very useful and necessary. Along with the creation of useless tokens, sometimes ICO projects are very necessary and very useful. Let the value and usefulness of each token determine the market and we should not interfere in this activity.
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May 04, 2018, 07:00:13 PM
 #14

I was just wondering after the altcoin being successful there have been more unreasonable coin that has been created, hence there are more people will  doubt it, and seriously more and more coins has being created just for profit I mean you can gain some profit off of it but its not the reason why a founder should create one.

After seeing so much coin being created and been abandoned with gaining profit from it made me think that if the new coin stops coming then we could focus more on some reasonable coin and some coin that is currently being developed.
You and so can concentrate on some reasonable coin. For this, it is not necessary to suspend or ban ICO campaigns. I'm generally against suspending the ICO as a kind of activity. Despite many of its shortcomings, and above all the high probability of fraud on the part of the ICO team, on the whole this activity is very useful and necessary. Along with the creation of useless tokens, sometimes ICO projects are very necessary and very useful. Let the value and usefulness of each token determine the market and we should not interfere in this activity.

It's a free market, if you don't agree with a specific ICO, then you can just don't participate, or even take it far away and tell other people not to invest in this ICO( anti-advertising).
Technically it is impossible to prevent one from creating a smart contracts for ICO, and publishing it to the crowd, and you can't prevent the crowd from investing in the ICO.
If you don't agree with a campaign then just don't invest in it, simple as that, at the long run the junk ICOs will just end up being non-valued.
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May 04, 2018, 07:05:26 PM
 #15

But how exactly is that a bad things if i ask you. Block chain is a revolution to be beheld in itself. It's uses and applications are virtually endless. And there such a talented community working hard day in and out to find solutions to various problems. The possibilities are endless, so what is the good being done by not adapting to altcoins.

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May 04, 2018, 07:10:11 PM
 #16

The huge  crypto and blockchain innovation boom has not even matured yet so it is too early for the new ICOs and altcoins to slowdown. Of course, there are going to be good and bad projects so investors have to dd DD before investing.
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May 04, 2018, 07:11:06 PM
 #17

I was just wondering after the altcoin being successful there have been more unreasonable coin that has been created, hence there are more people will  doubt it, and seriously more and more coins has being created just for profit I mean you can gain some profit off of it but its not the reason why a founder should create one.

After seeing so much coin being created and been abandoned with gaining profit from it made me think that if the new coin stops coming then we could focus more on some reasonable coin and some coin that is currently being developed.
The answer to this question is a stifling no. The original code for the creation of the blockchain and bitcoin network is an open source code. That means that anyone with the know how, can freely duplicate the entire dynamic of the system. Setting up an endless amount of clones.
    It's our job as members of the community to keep the conversation going, because we are the speculators, voicing our concern with the equality of the community. Without a diverse community of active participants, a coin will fall flat on its face in failure, being there no support to stand behind it.

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May 04, 2018, 07:13:38 PM
 #18

Usually, creating more money is a bad thing, because this way people have more to pay while the amount of goods stays the same. One could by analogy think the same about cryptocurrencies, but it would be wrong, since almost every new coin has its new project and product. They don't share the same niches and, while all of them in general might be foes with fiat, they are not foes among one another.
Massive creation of altcoins cannot be stopped, because this is an open society where everyone should get a chance to build something. Eventually, the useless majority will just die because of not being needed anyway.

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May 04, 2018, 07:22:15 PM
 #19

Wont stop,not unless these ICOs are going to be regulated so that not all the people can launch their own ICO because nowdays all of the people who has some programming background can launch their own ICO,and will turn into a big scam and it wont going to stop not unless some agency in the government would step forward to stop these potential scams.

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May 04, 2018, 07:35:18 PM
 #20

From the mass creation of bitcoins, I think we can not leave, but they should be limited in terms of adding to CoinMarketCap. Now there are already more than 1700 coins and 50% of just old unwanted junk. Add only normal coins and remove inactive undeveloped projects.

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May 04, 2018, 07:41:32 PM
 #21

I see no problems here, anyone is free to create his token or coin. It's up for the people to use their brains before investing.

No man, you have to look at it on the longer run.  Imagine this, get into this metaphor:

The ICO market is like a food market.  A lot of competition and a lot of sellers of food.  Most food isn't food at all.  You think you ate something but an hour later you get sick.  You paid for something, it was really cheap and you liked it when you bought it, but then you get sick.  Now imagine 90% of the food sellers sell crap food that make you sick.  Will you go to that market again?  No, until there are regulations, the food market will be a place to avoid.  If YOU happen to know the places where you can buy real food, you're lucky.  But as long as crap food is allowed, the market will get flooded by crap food and after a while, you don't know either anymore. Undecided 
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May 04, 2018, 07:44:32 PM
Last edit: May 06, 2018, 11:10:16 PM by vintages
 #22

With the way and high amount of shitcoins that is entering into the market daily, I feel it should be stopped. But yet, stopping it has it own disadvantages. It's just like putting a stop in innovations that are being created using the blockchain technology. But another thing is that most people use ICOs as a form of way extorting money from people whom are interested in the project and wants to invest.

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May 05, 2018, 11:02:42 AM
 #23

It doesnt matter at all cos numerous quantity of alt coins dont affect on market at all cos if it's shitcoin, noone will support it and that alt eventually will fall down. So, I think it's really unreasonable to control their emmisiob but ICO's gotta be controlled by ourselves by increasing requirements for team revealing (live streams, events). Not just TG chat with "Give us money for..." title.
The shit coins will eventually die, but in that process they would rob the money of innocent investors who are trying the market for the first time and that has to be stopped and we need to regulate the formation of new coins without any use and a regulation must be present on ICO, as that is one of the worst place where people scam and run away with the money.



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May 05, 2018, 11:05:55 AM
 #24

many wish to be part of the gold rush, once the 'hysteria' is over I think we'll see most coins fade away to nothing and we'll remain with the useful ones

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May 05, 2018, 11:07:13 AM
 #25

I was just wondering after the altcoin being successful there have been more unreasonable coin that has been created, hence there are more people will  doubt it, and seriously more and more coins has being created just for profit I mean you can gain some profit off of it but its not the reason why a founder should create one.
In my opinion we just need one coin and that is bitcoin, you do not need every coin for every other use, we just need bitcoin with all the functions and nothing else, i am sure ICO will be regulated soon because they have raised billions of dollars and majority of them were scams and who knows the rest will fulfill their promise and just fade off with other peoples money. If there is a market adoption for the coin, then it will continue to grow and the rest will die eventually.

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May 05, 2018, 11:38:18 AM
 #26

Why stop the creation of altcoyins? In order to focus on certain specific tokens, do you need to suspend the activities of all ICO projects? An interesting approach. And then how will you differ from those states that now prohibit crypto currency? There, too, are covered with good intentions, such as the need to combat money laundering, terrorism and other such fabrications.

The activities of ICO, although it has its drawbacks, and in many cases their tokens are really useless, but on the whole this activity brings tangible benefits. Their tokens are very useful and necessary for people. Let the market determine which of the created tokens deserve further existence, and which do not. To make it less fraud, investors need to study ICO projects and its team more thoroughly, and then scammers will not collect multimillion sums.

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May 05, 2018, 07:33:00 PM
 #27

The active demand for tokens, which do not have either a work product, a main network, or a worthy team, has reached zenith, but, as with any other thoughtless purchases, the excitement feeds on stupidity and at the foot of the mountain a crowd gathered with highly raised empty bowls, saddle the next big wave, make good money and retire early.
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May 05, 2018, 08:01:29 PM
 #28

Isn't it like other startups? I think it is good to have so much coins if some of them can offer us to real usage and value.
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May 05, 2018, 08:06:23 PM
 #29

No, it is practically not possible to stop the massive creation of altcoins worldwide, because there will be always countries allowing it or even assist to enforce it to attract entrepreneurs. The only thing you as an investor or user can do is read about the coin you have interest and not just listen to friends or to your stomage. You can also develop a reasonable coin by yourself and this totally independent of whether or not others create huge numbers of coins as well.
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May 05, 2018, 08:11:45 PM
 #30

The ICO market is like a food market.  A lot of competition and a lot of sellers of food.  Most food isn't food at all.  You think you ate something but an hour later you get sick.  You paid for something, it was really cheap and you liked it when you bought it, but then you get sick.  Now imagine 90% of the food sellers sell crap food that make you sick.  Will you go to that market again?  No, until there are regulations, the food market will be a place to avoid.  If YOU happen to know the places where you can buy real food, you're lucky.  But as long as crap food is allowed, the market will get flooded by crap food and after a while, you don't know either anymore. Undecided 

it's all caveat emptor right now. no one's gonna save you. all this stuff will have to iron itself out and that's how it should be.

the avalanche of crap is not gonna stop. it's gonna get more crappy and more insidious. that'll drag the morons down and push the quality projects higher.

regulation won't stop it. the only thing that will is to let it play out which is exactly what's happening. this may suck for many but it's necessary and natural.
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May 05, 2018, 09:06:25 PM
 #31

With the way and high amount of shitcoins that is entering into the market daily, I feel it should be stopped. But yet, stopping it has it own disadvantages.

why to stop appearing of new coins? promising coins will be adopted, scam coins will disappear - it's a natural process.
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May 06, 2018, 12:10:20 AM
 #32

With the way and high amount of shitcoins that is entering into the market daily, I feel it should be stopped. But yet, stopping it has it own disadvantages.

why to stop appearing of new coins? promising coins will be adopted, scam coins will disappear - it's a natural process.

I guess one way we could argue about that is because a lot of people end up being scammed, which hurts the market as a whole.
but at the same time it's their own fault and, as you said, natural process - darwin!

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May 06, 2018, 12:17:45 AM
 #33

I think massive creation of altcoin it's not a bad because everybody have right to create it. I see in future when every man can receives payment for own work in own currency.
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May 06, 2018, 12:20:21 AM
 #34

I think altcoin creation is unstoppable and this is a big problem , I would only few altcoin with fundamentals.

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May 06, 2018, 12:37:02 AM
 #35

Wyh it must be stoped. Even you get some money from it. It's will make cryptocurrency more known by many people too. Just let them, maybe some coin will be shitcoin but many of them will be success too.
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May 06, 2018, 01:05:57 AM
 #36

I do not agree with you. indeed there are some newcomers coin aiming to take advantage early only. but there is also a coin that is not like that. If only a little coin in this world, we are faced with little choice. I am very happy with the presence of many coins, because we can choose and filter out the excellent coin

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May 06, 2018, 01:38:52 AM
 #37

I was just wondering after the altcoin being successful there have been more unreasonable coin that has been created, hence there are more people will  doubt it, and seriously more and more coins has being created just for profit I mean you can gain some profit off of it but its not the reason why a founder should create one.

After seeing so much coin being created and been abandoned with gaining profit from it made me think that if the new coin stops coming then we could focus more on some reasonable coin and some coin that is currently being developed.
I think it's hard to prevent it, especially when it does not control it. So what we need to do is look carefully at each token and find out if this is true of their goals. It's easy to find out if this is a scam by looking at their profiles if they are true and they have not stolen their pictures.

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May 06, 2018, 03:33:18 AM
 #38

yes all moves here are for their investment like they create new coin then all users will do invest in that or all users get attention by the new like bitcoin cash now so the developer of it already earn big because even bch not achieve what they plan still most of users here do invest in bch when it comes here in crypto actually i buy after the fork in past august 2017 and i already earn by that so it depends in the potential of the new coin and base also of developer so that's basic they sure for their investment but not the users that do investment in the new coin

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May 06, 2018, 03:50:11 AM
Last edit: May 11, 2018, 09:10:40 PM by republicrypto
 #39

I was just wondering after the altcoin being successful there have been more unreasonable coin that has been created, hence there are more people will  doubt it, and seriously more and more coins has being created just for profit I mean you can gain some profit off of it but its not the reason why a founder should create one.

After seeing so much coin being created and been abandoned with gaining profit from it made me think that if the new coin stops coming then we could focus more on some reasonable coin and some coin that is currently being developed.

i think its hard to be happend, or i can said the new creations of new cryptocurrency in masssive is Can not stopped
because all of us know, there is no legal regulations on it
so, everyone can create their own cryptocurrency,
but, not all people can develop their crypto, and the crypto without development will be died soon or later
regards

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May 06, 2018, 07:03:59 PM
 #40

No, we cannot stop the creation of new Altcoins and we should not even bother about it. the such mechanisms take place automatically in investment sector. The new Altcoins which have a poor idea or a project behind it will automatically disappear when no investor will support it. So it depends on the investors that they should be careful and vigilant about investing in any new Altcoin. But yes there must be some regulation that atleast purely shitcoins which are visible to be shitcoins but are advertised as too great and reach soft cap by such advert must be stopped as they don't have any utility really.
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May 06, 2018, 08:09:08 PM
 #41

No, we cannot stop the creation of new Altcoins and we should not even bother about it. the such mechanisms take place automatically in investment sector. The new Altcoins which have a poor idea or a project behind it will automatically disappear when no investor will support it. So it depends on the investors that they should be careful and vigilant about investing in any new Altcoin. But yes there must be some regulation that atleast purely shitcoins which are visible to be shitcoins but are advertised as too great and reach soft cap by such advert must be stopped as they don't have any utility really.
How are you going to decide which "shitcoin" does not have any utility and prohibit advertising for it? I don't think this is the right approach. I think anyone can advertise his business even if it's stupid, as long as he reveals his identity and this way he is legally responsible. People are selling clairvoyant services (psychic reading) which is scientifically false and stupid, but some people believe in it and they are willing to pay for it. You can advertise such service as long as you have legal stuff sorted (registered company, terms and conditions...)
So I would say that any ICO or "shitcoin" can advertise, as long as they are not hiding their name so in case they scam investors, they can be trialled in court.

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May 06, 2018, 08:13:47 PM
 #42

I'm worried mainly because the majority will find that they won't have lost money in outright scams, just terrible projects. How many ICOs which come out on a daily basis do need or even benefit in any way from using blockchain? I'd argue that maybe 1%.

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May 06, 2018, 08:14:20 PM
 #43

No you can't because most of the source code are open source and are freely available on the internet. But we can stop the trading of these shitcoins on exchanges. They need to be more strict when choosing coins for their listing.
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May 06, 2018, 08:19:51 PM
 #44

It will only be stopped if people stop investing in it and supporting it.
Too many people want to join everything it seems.
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May 06, 2018, 08:23:16 PM
 #45

It will only be stopped if people stop investing in it and supporting it.
Too many people want to join everything it seems.
True as long as this is existing for and people wanted to have another currency to support there would be another and newly create altcoin for thosw wanted to try something new.
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May 06, 2018, 08:27:13 PM
 #46

I was just wondering after the altcoin being successful there have been more unreasonable coin that has been created, hence there are more people will  doubt it, and seriously more and more coins has being created just for profit I mean you can gain some profit off of it but its not the reason why a founder should create one.

After seeing so much coin being created and been abandoned with gaining profit from it made me think that if the new coin stops coming then we could focus more on some reasonable coin and some coin that is currently being developed.

I do not think it is possible without any kind of regulation. There are plenty of fraud companies trading on OTC market in stock exchanges as well. However those are not trading on NYSE or NASDAQ. For example, NYSE requires at least

https://www.nyse.com/publicdocs/nyse/listing/NYSE_Initial_Listing_Standards_Summary.pdf

What I want to say is there is no way to stop altcoin creation. However we should be able to find a way to limit exposure of investors to coins by creating some kind of standard for those to be tradable. It is just some of my initial thoughts on the matter however it will be hard to implement.

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May 06, 2018, 08:46:29 PM
 #47

Nope because ICOs are unregulated it means most of the people who has resources can easily launch their own ICO regardless if these are scams or legit projects,theres no one could stop this madness,greed is the human nature which is why we can cant stop it not unelss some regulator board will step up so that these new ICOs will be filtered to lessen the scam projects.

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May 06, 2018, 08:53:46 PM
 #48

I was just wondering after the altcoin being successful there have been more unreasonable coin that has been created, hence there are more people will  doubt it, and seriously more and more coins has being created just for profit I mean you can gain some profit off of it but its not the reason why a founder should create one.

After seeing so much coin being created and been abandoned with gaining profit from it made me think that if the new coin stops coming then we could focus more on some reasonable coin and some coin that is currently being developed.

Many new Altcoins are created on daily basis for sake of making lot of money but all the Altcoin are not bad some Altcoins are good whereas there are many shit coins which can not survive for a long time and would finally be disappear from screen.It depends upon investors they should research well before proceeding to invest in such coins.During dip period only strong based project coins would survive while shit coins would vanish by themselves.So always make the best choice.

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May 07, 2018, 10:16:29 AM
 #49

And why should we stop something, the market is formed at the expense of the strong and weak. That is, strong altcoins to stay afloat, someone even build a boat. And let the weak drown, for example TenX. Like this idea interesting, but they just didn't implement it well enough
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May 12, 2018, 06:58:25 AM
 #50

Over time, when it ceases to be profitable. Because now many earn on creation кpиптoвaлют and creation of a sensation round it
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June 21, 2018, 07:38:20 AM
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 #51

Of course, it can be stopped. When people will stop to buy copypasted crap coins and useless erc20 tokens devs will stop to print them. It's just supply and demand.
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July 13, 2018, 03:07:50 AM
 #52

I was just wondering after the altcoin being successful there have been more unreasonable coin that has been created, hence there are more people will  doubt it, and seriously more and more coins has being created just for profit I mean you can gain some profit off of it but its not the reason why a founder should create one.

After seeing so much coin being created and been abandoned with gaining profit from it made me think that if the new coin stops coming then we could focus more on some reasonable coin and some coin that is currently being developed.

We all do not know, before we have been made upset by bitcoin, after the bitcoin is present another crypto is altcoin.
Perhaps, after this will be new technology that makes everything that ever created before become obsolete or archaic.
So, we just need to enjoy this competition.
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July 13, 2018, 03:22:10 AM
 #53

Let the free market take care of it.  The market will eventually remove the bad coins from us and leave only the high quality coins.  Its up to us as responsible individuals to sift through the BS.  The people here looking for government regulation are what we refer to as sheeple who want the govt to hold their hand and keep them safe. 

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July 13, 2018, 03:23:33 AM
 #54

It will only be stopped if people stop investing in it and supporting it.
Too many people want to join everything it seems.

New people will buy the new altcoins, it seems they are cheaper.
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July 13, 2018, 03:25:01 AM
 #55

I was just wondering after the altcoin being successful there have been more unreasonable coin that has been created, hence there are more people will  doubt it, and seriously more and more coins has being created just for profit I mean you can gain some profit off of it but its not the reason why a founder should create one.

After seeing so much coin being created and been abandoned with gaining profit from it made me think that if the new coin stops coming then we could focus more on some reasonable coin and some coin that is currently being developed.

I do not see the innovation altcoin will stop, anyone will be more free and believe to make tokens or coins.
This is the thing that always counts people before investing. Given the crypto is something new, it still needs to race to win the trust of investors.
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July 13, 2018, 04:10:38 AM
 #56

I was just wondering after the altcoin being successful there have been more unreasonable coin that has been created, hence there are more people will  doubt it, and seriously more and more coins has being created just for profit I mean you can gain some profit off of it but its not the reason why a founder should create one.

After seeing so much coin being created and been abandoned with gaining profit from it made me think that if the new coin stops coming then we could focus more on some reasonable coin and some coin that is currently being developed.

It will not stop, altcoin has a big dream in the world of crypto, at least that's what I see. Although bitcoin is still a reference in the trading of crypto coins, but slowly but surely altcoin is starting to make people a little unsure of having to buy bitcoin. In this case altcoin does have advantages, so just wait time.
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July 13, 2018, 04:37:39 AM
 #57

There is no way to stop it, but even if new altcoins are created every day, I think they will eventually be eliminated by the market. In this market change, 50% of the altcoins are dead, and their value is Almost zero.
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July 13, 2018, 04:39:53 AM
 #58

Despite the fact that now there are a lot of useless tokens, in general the process of their appearance through the ICO is very necessary and useful. We still need a variety of tokens, they still occupy their narrow niche in human activity and practically do not compete with others. However, the utility of them is great. Through them, blockchein technology penetrates into all spheres of our life and this autumn is important. Useless tokens market will vseravno reject.

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July 13, 2018, 05:40:53 AM
 #59

we can't stop the creation of coins. this is there way of raising funds to support there projects to develop it. every groups or teams or business or company wants to create their own coins to be personally use it there platform or project. this is also there personal mark of their project.
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July 13, 2018, 05:46:45 AM
 #60

There us no way to stop it, but in the end only the coins with real utility will survive and the rest of them will just fade away. So just be careful in which projects you choose to invest.

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July 13, 2018, 06:25:05 AM
 #61

Actually I am not thinking that this is bad or harming, new coins are not that bad after all, especially because most of them are dying in a year from there creation. There are many cryptocurrencies but only few of them are making the difference.
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July 13, 2018, 07:49:50 AM
 #62

I was just wondering after the altcoin being successful there have been more unreasonable coin that has been created, hence there are more people will  doubt it, and seriously more and more coins has being created just for profit I mean you can gain some profit off of it but its not the reason why a founder should create one.

After seeing so much coin being created and been abandoned with gaining profit from it made me think that if the new coin stops coming then we could focus more on some reasonable coin and some coin that is currently being developed.
it can't be stop unless there is a regulation that will check and filter their true intention, it is also to lessen the scam ico and shitcoin that is being produce more and contribute nothing in the market.

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July 13, 2018, 07:54:10 AM
 #63

Of course not. This is the freest of markets. Lots of ppl wanna get on board. There is going to be steady stream of  shitcoin for a while still.

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July 13, 2018, 08:11:07 AM
 #64

stop altcoin new to appear is unlikely. technological developments could not be dammed included in crypto. Indeed many new items which ultimately useless but not everything is as it was. some of them have good technology is sought as well as useful for the future. who would choose this is investors themselves are slowly and gradually.
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July 13, 2018, 08:20:56 AM
 #65

It can not be stopped because altcoins allow anybody to make them you don't even need to have any skills or anything special ,the big difficult here is to be able to gather money from investors, you need to show that your product will be successful and they are most likely to make money on their investment.
The real problem with junk altcoins that they usually aim at newcomers, they show them an attracting youtube video to make them invest, and they usually don't have any real idea or real development team to make the project actually go live.

Altcoins are very dangerous and involve a much higher risk level then investing directly in bitcoin.
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July 13, 2018, 08:23:04 AM
 #66

That is one of the perks of decentralization. You create a centralized justice system that can be manipulated by a few people and crypto will die. You joined it, learn to adapt to it. Or just don't participate at all, easy really. Don't want? Then don't join and others will just go with the decentralized chaos and beauty that is cryptocurrency.

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July 13, 2018, 08:48:59 AM
 #67

All part of evolution (+ adoption + regulation) of cryptocurrencies as incentives to achieve progress with blockchain projects. Last year so many scams were happening, this year it's already much less. I see positive growth Smiley.


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July 13, 2018, 08:52:24 AM
 #68

Many ICO projects end up being scams and there should be some type of regulation and control of ICOs to protect the investor and the whole crypto community. Big investors will not enter this market without guarantees that their investments are safe.
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July 13, 2018, 09:11:55 AM
 #69

This is a great question, the answer to which is already in it. You say that a reduction in the number of new altcoins will help to concentrate on existing, real and strong projects. Well, if we already now pay less attention to new useless altcoins, then our attention will remain on the acting ones. But let's not forget that evolution is taking place and new strong and necessary projects will appear in any cases. That is, it all comes down to the right filtering. Don't support shit and turn the market into a garbage dump Roll Eyes

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July 13, 2018, 09:17:04 AM
 #70

I think its not a problem if an entity wants to create a token or coins, as long as it can maintain its platform and deliver an excellent service to its investors or client it will never be a problem. Anyone can creates its own coin and conduct a fund raising to ensure its future, but its really hard to do it because you need a dedicated team in order to succeed in the long run.

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July 13, 2018, 11:04:54 AM
 #71

It seems to me that sooner or later people will stop attracting heaps of useless Altcoins. Although I think this process has already begun

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July 13, 2018, 11:09:23 AM
 #72

I think it won't be stop. Many investors and project developer are establishing their own altcoins here in cryptocurrency. This people are either building funds for project or just need to expose their project to more people.

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July 13, 2018, 11:24:34 AM
 #73

Yeah, it seems like everybody is trying to make their own cryptocurrency, telegram has their own cryptocurrency, I will not be amazed of every of big companies in this world would attempt to have their own cryptocurrency.
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July 13, 2018, 11:28:17 AM
 #74

It will never stop, there will always be a bunch of losers who call themselves devs because they can fork someone's git and change some params.
As long as there are people who invest in shitcoins, it will never stop.
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July 13, 2018, 11:33:53 AM
 #75

In my opinion, it would be a bit hard for creation of altcoins to be stopped as many people have the freedom of creating one token or the other for different use cases. I think regulation is the only remedy that would stop the massive creation of altcoins as this would discourage people from creating these tokens
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July 13, 2018, 11:38:12 AM
 #76

Yes, we should stop creating new coins and focus on developing old coins. Because there seem to be so many profitable and abandoned coins that lead to failure. There are more and more pennies of junk and make people lose faith in Crypto. We should stop and focus on developing the old coin, raising the technology as well as spreading it widely.

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July 13, 2018, 11:52:21 AM
 #77

I see no problems here, anyone is free to create his token or coin. It's up for the people to use their brains before investing.

Yes, I agree with this one. We should not stop people from creating their own coins. No matter how shitty it is. Since, people are the ones making the decision whether to invest in it or not. If the coins are good, it will survive in this market no matter what. It is like the survival of the fittest.
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July 13, 2018, 01:36:11 PM
 #78

I think this step altcoins must pass, it is necessary to and people have become smarter, so as not to invest in the Scam, and that the developers were able to accurately formulate a complete idea and the final product
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July 13, 2018, 04:30:11 PM
 #79

All these projects i think cannot be stopped, except some regulations are put in place to checkmate them. On the other hand, every investor needs to also know the type of coin to invest in, by so doing, the system will gradually flush all those unnecessary coins out.

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July 13, 2018, 04:32:55 PM
 #80

No, creation of a new token is open to all.Funding it as a project is another thing entirely
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July 16, 2018, 03:51:30 AM
 #81

I was just wondering after the altcoin being successful there have been more unreasonable coin that has been created, hence there are more people will  doubt it, and seriously more and more coins has being created just for profit I mean you can gain some profit off of it but its not the reason why a founder should create one.

After seeing so much coin being created and been abandoned with gaining profit from it made me think that if the new coin stops coming then we could focus more on some reasonable coin and some coin that is currently being developed.

I think the explosion of crypto and blockchain innovations has indeed amazed everyone. But, all the technology is immature so it is too early for the new ICO. But of course, there will be a larger project in the development of altcoin in the future, they look very ambitious to segere shift the bitcoin from the peak of the coin price of crypto.
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July 16, 2018, 03:56:51 AM
 #82

This is really hard to control as the Ethereum network is designed to support development of smart contracts. The only thing that can sway people in creating these Altcoin is unless the network crashes or there is no one to buy those tokens.
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July 16, 2018, 04:25:50 AM
 #83

This is really hard to control as the Ethereum network is designed to support development of smart contracts. The only thing that can sway people in creating these Altcoin is unless the network crashes or there is no one to buy those tokens.

Maybe the solution to this would be to create a token that would reward its users when they can uncover a scam? Unfortunately, creation of altcoins cannot be stopped but at least when this kinds of activity are uncovered then the people who will be scammed would be reduced and the motivation to some people of earning tokens in exchange of the scams uncovered would be good. There are already countless scams being caught in this forum thanks to some members who are doing the research so that scammers cannot get any money. I think this is one of the ways so that massive creation of those altcoins that do not even have a proper whitepaper would be reduced.

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jokowo
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July 16, 2018, 04:32:01 AM
 #84

I was just wondering after the altcoin being successful there have been more unreasonable coin that has been created, hence there are more people will  doubt it, and seriously more and more coins has being created just for profit I mean you can gain some profit off of it but its not the reason why a founder should create one.

After seeing so much coin being created and been abandoned with gaining profit from it made me think that if the new coin stops coming then we could focus more on some reasonable coin and some coin that is currently being developed.

Bitcoin will make altcoin cry, I do not care about the rapid development of altcoin. I only see the market situation, where bitcoin is still king, trusted and many fans. It takes a long time for altcoin to be parallel to bitcoin, that alone is uncertain.
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July 16, 2018, 04:33:46 AM
 #85

This would not work and that is why it is crypto, no any regulation behind it in general.
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July 16, 2018, 04:43:19 AM
 #86

stop the new coin that pops up is an action that is not possible. even the new coin was also one of great support for crypto future later. so I think there's a good impact as well. However, it also should at least be reduced in anticipation of a large number of crypto that doesn't value that exists in the market.
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July 16, 2018, 04:57:50 AM
 #87

Mass production of altcoyins will end when investors stop massively believing in every project that could write a road map. Already now it is possible to observe. that not all projects collect money and will only be worse for dummy projects.

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July 16, 2018, 05:05:36 AM
 #88


The source codes of the products in crypto are opensource I don't think anyone can stop the creation of coins, its free for everyone. Its deliberately done it that way by Nakamoto if its patented then its not going to be decentralized. More altcoins the better the market is. This is the way for adoption, the competition of tokens and coin in the market wanting to rise above will make a healthy market.

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July 16, 2018, 05:06:20 AM
 #89

A lot of altcoins are popping out like mushroom in the woods and we cannot denied the fact that these altcoins are trying to overtake bitcoin or atleast level with it. I see no wrong having a lot of altcoins circulating in cryptoworld, in fact it gives us a lot of choices to better choose the project the we think have the greatest potential. But of course it is our responsibility to be observant and study those altcoins to avoid being scam.

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July 16, 2018, 05:12:11 AM
 #90

This is a scary phenomenon, because many teams can create ERC20 tokens simply because it's easy, so they can create ERC20 tokens at will, just to make a profit.
I think these teams will eventually face legal sanctions.

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July 16, 2018, 05:37:15 AM
 #91

This is a very good proposal per say and very helpful too. But I think it won't happened because everyone is free to create his or her coin because it is unregulated. If you want to create your own coin then you can do it, there's no one to stop you. But it's really good if we can control the massive creation of altcoins.
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July 16, 2018, 05:52:35 AM
 #92

You are right, I think too much altcoin is scattered on the market right now, it's very difficult to focus on some good altcoins, I hope there are settings to manage, and allow for filtering against altcoin, if this is applied then we can manage the investment well and appropriately .
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July 16, 2018, 06:01:11 AM
 #93

This is a scary phenomenon, because many teams can create ERC20 tokens simply because it's easy, so they can create ERC20 tokens at will, just to make a profit.
I think these teams will eventually face legal sanctions.
They can create a lot of erc20 token but the token itself won't have any value and they can't get anything out of it. The only way to sell the token is to create airdrop and hope some dumb people will believe the promise and buy the token. It's open-source so we can't stop the creation of more token.

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July 16, 2018, 06:58:14 AM
 #94

Now there are so many altcoins that it is difficult to follow everything. Basically, because of unnecessary it is easy to lose sight of something really worthwhile. But if you make the regulatory framework for all the ICO that want to exit, then the corresponding scam will become much less. From today's existing 70-80% of ICO is a scam.
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July 16, 2018, 07:57:21 AM
 #95

I was just wondering after the altcoin being successful there have been more unreasonable coin that has been created, hence there are more people will  doubt it, and seriously more and more coins has being created just for profit I mean you can gain some profit off of it but its not the reason why a founder should create one.

After seeing so much coin being created and been abandoned with gaining profit from it made me think that if the new coin stops coming then we could focus more on some reasonable coin and some coin that is currently being developed.

Like on real life business, there are different kind of it. So when blockchain was created, there were many emerging coins that adopt in it as part of the evolution of business. Creating more altcoins means that many business are now adopting to blockchain which is a healthy indication that cryptocurrency is alive.

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July 16, 2018, 09:31:41 AM
 #96

Hope we'll see thousands of new coins every day. It is the mass adoption of tokenization.

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July 16, 2018, 12:07:54 PM
 #97

I was just wondering after the altcoin being successful there have been more unreasonable coin that has been created, hence there are more people will  doubt it, and seriously more and more coins has being created just for profit I mean you can gain some profit off of it but its not the reason why a founder should create one.

After seeing so much coin being created and been abandoned with gaining profit from it made me think that if the new coin stops coming then we could focus more on some reasonable coin and some coin that is currently being developed.

Our hope is to rely on regulations to stop/reduce the rate at which altcoins are popping up. The main reason is because 90% of them are scams, while 60% of the remaining 10% will be unable to implement their roadmap leaving us with a handful of projects with real life use cases. Meanwhile, most of these projects would have raised enough money during their ICO to finance a 10 year operational period with little or nothing to show for it at the end of the day.
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July 16, 2018, 12:31:31 PM
 #98

I was just wondering after the altcoin being successful there have been more unreasonable coin that has been created, hence there are more people will  doubt it, and seriously more and more coins has being created just for profit I mean you can gain some profit off of it but its not the reason why a founder should create one.

After seeing so much coin being created and been abandoned with gaining profit from it made me think that if the new coin stops coming then we could focus more on some reasonable coin and some coin that is currently being developed.

New coins will not stop appearing as long as people invest money in them. Why, if this is one of the easiest ways to raise money? They will appear and disappear after a time, due to lack of demand. I think that you do not need to consider coins that are not in the top 200, it's too risky.
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July 16, 2018, 12:43:51 PM
 #99

It's a free market, everyone wants profit. And it does not matter what is the underlying technology or product or service or just an alternative currency or even air(bubble). Sell ​everything that sells well. And also in terms of demand.
Crypto community certainly will not be able to influence on this, simply refusing to buy or to trade again with new appeared alts.
The only structure that can influence, and then not fully - a government, and then if all at once forbid the crypto. If there remains at least one country that will support and accept cryptocurrencies, it will become the world center of the crypto zone.
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July 17, 2018, 07:08:51 PM
 #100

I t depends if the massive creation of alternativecoins can be stopped
because if it is illegal or against the law then it can stop but if not, meaning there’s no reason to be stopped because they are in good.
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July 20, 2018, 05:30:41 PM
 #101

I think the main rules of law or regulations in this kind of business is to secured the safety of the inventors and company from the scammers or bad people that have a bad aim too to their business.
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July 23, 2018, 11:28:33 AM
 #102

I think that they can be stopped but it will not be an easy feat since with the creation of cryptos there is always the option of the creators to remain anonymous. The best way would be for there to be some kind of rules and regulations that every coin creator have to meet before they can put a new coin in the market. Stuff like legal paperwork, previous work history and providing their identification.
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July 26, 2018, 02:34:24 PM
 #103

I was just wondering after the altcoin being successful there have been more unreasonable coin that has been created, hence there are more people will  doubt it, and seriously more and more coins has being created just for profit I mean you can gain some profit off of it but its not the reason why a founder should create one.

After seeing so much coin being created and been abandoned with gaining profit from it made me think that if the new coin stops coming then we could focus more on some reasonable coin and some coin that is currently being developed.

I don’t understand for what to stop massive creation of altcoins. If the guy is able to work in cryptocurrencies and is able to create and interesting effective product then it will be much more interesting to see the results of such work.
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July 26, 2018, 02:37:09 PM
 #104

I don't think this could be stopped in the nearest future. We need some regulations on this, because there are tons of scam between the real projects and it is hard to determine who is who
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July 26, 2018, 02:40:57 PM
 #105

I was just wondering after the altcoin being successful there have been more unreasonable coin that has been created, hence there are more people will  doubt it, and seriously more and more coins has being created just for profit I mean you can gain some profit off of it but its not the reason why a founder should create one.

After seeing so much coin being created and been abandoned with gaining profit from it made me think that if the new coin stops coming then we could focus more on some reasonable coin and some coin that is currently being developed.

You are actually right when stating the fact that there are a lot of platforms that has been abandoned even though there were profits at first. We know that creating Alternate Coins or platforms for Alternate Coins must take at least the interest of the Founders to push it through. They have done it because they invested on how it can be launched. There are times that these alternate coins are created for free. If there are some kind of regulations that needs to be followed or some rules that needs to be followed first before creating a token, then i guess that would somehow lessen the creators of Alternate Coins.

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July 27, 2018, 11:32:39 PM
 #106

I think this progression altcoins must pass, it is important to and individuals have turned out to be more intelligent, so as not to put resources into the Scam, and that the designers could precisely define an entire thought and the last item
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July 27, 2018, 11:38:39 PM
 #107

The massive creation of coins cant be stopped at this point there will be news coins coming in even though the coin is genuine or fraud
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July 27, 2018, 11:41:30 PM
 #108

I dont think it will stop anytime soon. Day in day out, there is always the creation of new altcoins because people continue to come out with ideas. Some of these idea which are a modification of what is in existence already, and other of new ideas altogether. Unless people actually run out of ideas, altcoins will always be created.
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July 27, 2018, 11:44:22 PM
 #109

Well i believe that it will never happen and more and more new projects will be coming out and i can see one day marketcap of around 10000 projects because in every country new companies will build new platform and that will happen more often in the coming years. Nothing we can change . Only the best will have success
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July 28, 2018, 12:02:31 PM
 #110

I was just wondering after the altcoin being successful there have been more unreasonable coin that has been created, hence there are more people will  doubt it, and seriously more and more coins has being created just for profit I mean you can gain some profit off of it but its not the reason why a founder should create one.

After seeing so much coin being created and been abandoned with gaining profit from it made me think that if the new coin stops coming then we could focus more on some reasonable coin and some coin that is currently being developed.

There could be a way for the massive creations of new coins to be stopped but that would mean that we would all be open to regulations in the market. There are a lot of people who still think that regulations are bad for us but without regulations then people are free to keep pushing new scam coins into the market all the time.. I am tired of seeing new coins that are not used for anything just because a couple of people want to make some quick money.

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July 28, 2018, 12:06:38 PM
 #111

more and more new alcoin created, it makes more and more also scams that will happen in the market. I can not ensure this creation this be stopped or not, but this is already very disturbing many parties involved in the market of crypto.
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July 28, 2018, 12:09:52 PM
 #112

I think it's impossible. Everyone wants to earn while this is possible and the government can not yet so tightly regulate this entire market and mass projects that only want to raise money
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July 28, 2018, 12:12:30 PM
 #113

I don't think no because there are lot of people out who wants their ideas become a reality and as long as there are people out there who are willing and innovative there will be no end for massive creation of alt coin. As long as the cryptocurrency market is healthy, it is not possible for the creation of alt coins to stop.
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July 28, 2018, 12:33:46 PM
 #114

I'm not sure it is a sign of market health..Indeed many are afraid this massive burst of altcoins will end up in a bubble...
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July 28, 2018, 01:32:19 PM
 #115

Unfortunately, we cannot influence this in any way. So far, there are no regulatory bodies where each of the companies that is preparing for the ICO would be audited and accredited. If it was, I think the number of scammers decreased immediately, and even disappeared. But alas! While has what we have.
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July 28, 2018, 01:40:10 PM
 #116

I think so, but only on the condition that there will be a body that controls all the new ICO companies. Or, for example, a body that will issue licenses for the creation of a new startup. Or even the company's ISO accreditation.
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July 28, 2018, 09:45:00 PM
 #117

I think if depends to the situation if the massive creation of alternativecoins can stop in this kind of business because if they doing not well there’s a possibility that they can stopped but as of now they cant.
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July 30, 2018, 08:13:38 AM
 #118

No you can't whereas about of the root statute are administer root and are unreservedly available on the cyberspace. But we can newmarket the trading of these shitcoins on change. They demand to be extended direct when determining coins for their listing.
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July 30, 2018, 08:20:29 AM
 #119

Most likely it is possible, but it is unlikely that someone will become engaged in this until the legislative base for this is developed!
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July 30, 2018, 07:19:29 PM
 #120

I was just wondering after the altcoin being successful there have been more unreasonable coin that has been created, hence there are more people will  doubt it, and seriously more and more coins has being created just for profit I mean you can gain some profit off of it but its not the reason why a founder should create one.

After seeing so much coin being created and been abandoned with gaining profit from it made me think that if the new coin stops coming then we could focus more on some reasonable coin and some coin that is currently being developed.

I just don't know who is able to change the situation with the massive creation of new altcoins. I can not imagine who is able to stop all those new coins appearances. In my mind nobody is able.
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July 30, 2018, 07:36:06 PM
 #121

Perhaps all of a sudden a new altcoin will surprise you by making a small or huge technological leap forward. But now there are too many altcoins having no practical value. There are also projects that have been working for more than one year and which, for the most part, did not start from the ICO. I believe that the financial promotion of ideas that have no practical basis under themselves is not advisable.
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July 30, 2018, 10:48:03 PM
 #122

I was just wondering after the altcoin being successful there have been more unreasonable coin that has been created, hence there are more people will  doubt it, and seriously more and more coins has being created just for profit I mean you can gain some profit off of it but its not the reason why a founder should create one.

After seeing so much coin being created and been abandoned with gaining profit from it made me think that if the new coin stops coming then we could focus more on some reasonable coin and some coin that is currently being developed.
Precisely, and there are some coin are just made to scam people. But it doesnt matter how new it is, if that coin have a good intention to help people then why not? We should help that new coin to improve.

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August 02, 2018, 02:17:00 PM
 #123

I dont think so. I wish it can be stop, so that it will prevent losses in the participants. , sometimes those bad people are the one who always launch altcoins and turns into a garbage because it has no use in the market, they always do that kind of thing to deceive people and investors.

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August 02, 2018, 02:31:05 PM
 #124

I have no idea about it. I think that many projects now offer the Altcoins for the investors. Here, they offer the coins through ICO, private sale, community and others. I think it will be quite difficult to stop their presence because they come from different developers and team. Probably, there must be certain team management that control and manage about the new altcoins.
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August 02, 2018, 08:46:47 PM
 #125

For me the massive creation of alternativecoins can be stopped because of the number of the demand that in the increase stage or level and aside from that I can’t see any things that it cant stop.
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August 02, 2018, 09:25:34 PM
 #126

I am sure that soon this huge fast-growing number of coins will be reduced to the number of independent blockchains. In other words, all coins issued on the Ethereum blockchain will be translated at the market rate on the ETH, and all coins issued on the NEO blockchain will be transferred to NEO.

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August 02, 2018, 09:43:22 PM
 #127

we are facing a new economic model  know that, and if that coin have a good intention who cares is a new coin it can also dominate

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August 04, 2018, 10:26:48 AM
 #128

I really wish that it could be stopped, because it is really getting annoying seeing the rise of new ICOs every day, and knowing that a good percentage of them are shitty. It would be best if a regulatory body could be set up to monitor these things and make sure the birth of new ones are controlled, else, we are going to have so many rubbish coins all over the place.
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August 04, 2018, 08:19:21 PM
 #129

It seems to me that the mass creation of the altcoins cannot be stopped. Every month there are more and more new altcoins..
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August 04, 2018, 08:24:22 PM
 #130

No, not really and why should you? Let people make new cryptos the time will show which ones will survive and succeed and which ones will be dead within a month of release. No real harm done.

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August 04, 2018, 08:26:07 PM
 #131

I agree with you that plenty altcoins keep coming into the cryptospace and many of them are just by developers who want quick profit then they abandon it. But there are still some dt actually have use. If new coin creation was stopped then good ones wont come in too. And that would mean centralization which is the same thing cryptocurrency is trying to abort
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August 04, 2018, 08:40:17 PM
 #132

I think we can not stop this but market can. Just let people understand that investing their money in useless garbage is the waste of time and money. When they will - there wont be no sense to create a tons of shitcoins.
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August 04, 2018, 08:45:21 PM
 #133

It seems to me that if the project is promising and hopes to exist for a long time, it still does not matter which reliable coin it will provide.
Participating in the bounty programs, you all paid attention to projects that promised to pay for your work with bitcoins, dollars, euros ..., and not tokens, which perhaps by the time of payment will become candy wrappers.
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August 04, 2018, 08:55:31 PM
 #134

That would be good thing to do. But unfortunately we cant control it as we are leaving in the world of decentralisation now. I mean the crypto dont ask for your single decision but anyone can go and create the source code foe themselves.

Also if we stop them creating then people will really not get interest on limited coins because they always need new projects with low cost of investment. That could be another reason which can disturb the whole thing. But its good thought, that change many things but we dont have investors like minded!


At the same time, the volume of using the token is smaller than the crypto currency, since the token is originally an element of a closed ecosystem. In this respect, the crypto currency value can be compared with US dollars, and the token - for example, with metro markers.
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August 04, 2018, 09:09:46 PM
 #135

I think that this is impossible . People want to receive money from the air and we ourselves carry them. Vicious circle. But nevertheless there are a lot of coins.

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August 04, 2018, 09:11:45 PM
 #136

I think that this avalanche can not be stopped. Tokens will be created as wrappers (gold) in the games. They will only become greater.

I also perceive tokens as a long-term investment and look at them as shares, in a sense. The stock market is very huge, it's hundreds of thousands of positions. As for the tokens, then I choose the top 300 (young project to top 500), all that is below, I do not even consider in the portfolio. Depending on the position, history, etc. this or that coefficient for buying
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August 04, 2018, 09:16:46 PM
 #137

I was just wondering after the altcoin being successful there have been more unreasonable coin that has been created, hence there are more people will  doubt it, and seriously more and more coins has being created just for profit I mean you can gain some profit off of it but its not the reason why a founder should create one.

After seeing so much coin being created and been abandoned with gaining profit from it made me think that if the new coin stops coming then we could focus more on some reasonable coin and some coin that is currently being developed.
I think that this is impossible . People want to receive money from the air and we ourselves carry them. Vicious circle. But nevertheless there are a lot of coins.
You have a point but I think behind that massive creation of coins, there is a reason behind on it and one of the reason is that people want to gain a lot of profit
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August 04, 2018, 09:18:11 PM
 #138

It is rather unlikely, the way of creating a project seems to accesible for people to implement, it has showed results and in the past and it keeps showing some, however I think the amount of altcoins coming out every day will eventually end up collapsing the market.
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August 04, 2018, 09:22:58 PM
 #139

I wish there is a way these altcoins or the influx of it will be stopped. They mostly don't make sense to me and seriously if they had been about 5 to 10 cryptocurrencies by now the market would have grown very large and not these thousands of coins flooding the market.

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August 04, 2018, 09:26:10 PM
 #140

Anyone can create their coins or tokens, so we always see new Altcoins. However, only good Altcoins can survive, the bad Altcoins will be eliminated.
It is our job to thoroughly explore the project before deciding to invest in it.
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August 05, 2018, 04:09:20 AM
 #141

Exactly we will not hope about that. But seeing the numbers of the altcoins so far, it may end someday. I don't have any idea when. But, there may be some different or update rules to create new altcoins.  Just wait for the time and although it is doubtful, we cannot make exact prediction about that future.

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August 05, 2018, 04:44:48 AM
 #142

The massive creation of Alts can't be stopped. At least for today. Beacuse the main feature of any alts is its open source code.
But in future the natural evolution and natural selection will filter the shit coins.
Most of all, exchanges where such a coin are placed can put forward more stringent conditions for placement cryptocoins.
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August 11, 2018, 06:51:01 AM
 #143

stop altcoin new to show up is impossible. innovative improvements couldn't be dammed incorporated into crypto. Without a doubt numerous new things which at last pointless however not all things are as it seemed to be. some of them have great innovation is looked for and helpful for what's to come. who might pick this is speculators themselves are gradually and steadily.
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August 11, 2018, 06:52:31 AM
 #144

I think the main rules of law or regulations in this kind of business is to secured the safety of the inventors and company from the scammers or bad people that have a bad aim too to their business.
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August 11, 2018, 06:55:12 AM
 #145

Of course, this is possible because now the development of new projects that will really reduce the creation of forks and clones of projects, it's a useless job. Yet today people have become smarter.
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August 11, 2018, 07:01:15 AM
 #146

As I would like to think we simply require one coin and that is bitcoin, you needn't bother with each coin for each other utilize, we simply require bitcoin with every one of the capacities and that's it, I am certain ICO will be directed soon in light of the fact that they have raised billions of dollars and lion's share of them were tricks and who knows the rest will satisfy their guarantee.
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August 11, 2018, 07:04:27 AM
 #147

I have been asking this same question for how many times now,but it seems like theres no interest from the higher to do such thing,i believe that the management must do actions to stop project copying because as what i have seen in the altcoin section scammers has no originality they only copying the project and use it as ico then after victimizing investors then that project will die without any reason given and the poor investors leaves behind crying

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August 11, 2018, 08:39:21 AM
 #148

I think the coins will stop issuing when there are no platforms for their creation. At the moment nothing can limit them

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August 11, 2018, 09:06:36 AM
 #149

I was just wondering after the altcoin being successful there have been more unreasonable coin that has been created, hence there are more people will  doubt it, and seriously more and more coins has being created just for profit I mean you can gain some profit off of it but its not the reason why a founder should create one.

After seeing so much coin being created and been abandoned with gaining profit from it made me think that if the new coin stops coming then we could focus more on some reasonable coin and some coin that is currently being developed.
New coins and tokens are created not only for speculative purposes, such as how you could concentrate and choose among a few types of crypto currency suitable for investing.
If we take tokens, since they constitute the bulk of the crypto currency, they are very useful in the narrow and specific areas of our life. The area of ​​their application is diverse. Despite the many fraud projects among them, they are generally very useful and necessary. Therefore, the number of ICOs and their tokens is not necessary to limit, and we can not in any way affect this.

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August 11, 2018, 09:09:41 AM
 #150

Perhaps you should not stop the appearance of more  new coins, but you just need to make some money limit for the creation and deployment of the Ico. Then half of the shitkoins will fall off at the beginning stage, as well as many scammers.
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August 11, 2018, 09:14:32 AM
 #151

As long as there is no control over the creation of new coins, anyone can do it. And most of these people are thinking only about getting rich. They do not bring anything new to the world. I agree with you, it would be very good if we had only 10 to 20 coins to invest in.
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August 11, 2018, 09:15:01 AM
 #152

I also think that the current Altcoins are already flooding, Altcoins is almost abused in all areas, and companies from all over the world are scrambling to release their own Altcoins. The entire market is now a disorderly state of confusion.

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August 11, 2018, 09:18:10 AM
 #153

If the coin providers folloe the actual protocols and successfully maintain the market and programs, those coin will be popular too. But we have to be sure that we may not fall into hackers hand.
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August 11, 2018, 09:24:23 AM
 #154

I don't know exactly. However, there is no centralized system that regulate the presence of the new ICO. Or, is there any? I think that every team is free to make new ICOs. To stop the massive existence of ICO, sometimes there must be regulation or team that make sure the presence of the ICO must e investigated first.

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August 11, 2018, 09:28:51 AM
 #155

And how do you stop it,there are about 7 billion people in the world, and some part of the people,let's say it's 100 million people,has their own thoughts and ideas on the creation of a project,but there is no money to start,and ISO is a great start to start,and start to spin and show

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August 11, 2018, 09:30:05 AM
 #156

This can happen but those require rules to regulate this cryptocurrency market but this market is not regulated by any law until now and no one has control over it. Regulations are required to stop all these things and now many countries are moving towards this.

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August 11, 2018, 09:32:44 AM
 #157

I think the main issue here should be about regulation, but how that could be achieved is not known since the cyberspace is largely unregulated, hence investors need to study carefully before investing

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August 11, 2018, 09:37:25 AM
 #158

We need to regulate the crypto industry.Then there will be less scam and you can focus on decent coins and their growth. Now many people buy shitcoins just to earn in the short term.
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August 11, 2018, 09:45:13 AM
 #159

in my opinion, it won't be possible for the altcoin price to keep moving up and the altcoin drop will still exist because this altcoin can only move in the presence of buyers and sellers that affect the condition of altcoin prices so you should still be able to find altcoins that can still be profitable.
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August 17, 2018, 09:05:07 AM
 #160

I feel that they can be halted yet it won't be a simple accomplishment since with the making of cryptos there is dependably the alternative of the makers to stay unknown. The most ideal way would be for there to be some sort of guidelines and controls that each coin maker need to meet before they can put another coin in the market. Stuff like legitimate printed material, past work history and giving their recognizable proof.
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August 17, 2018, 09:07:41 AM
 #161

I thing it can't be stopped. However market needs more innovative prspective projects because today most of them are the same. I heard about Nebula Network which is stable coin independent from BTC rate turbulences. It's something fresh and worth to observe.
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August 17, 2018, 09:09:21 AM
 #162

I thing it can't be stopped.
It will only be stopped if the people will stop buying those new created coins and no one will participate to those ICO's.

If these developers sees the effect that no one's buying their ICO anymore. That will make an impact to make them realize that people are not buying random coins anymore.


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August 17, 2018, 09:12:20 AM
 #163

There are many ideas to develop, should not stop
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August 17, 2018, 09:15:11 AM
 #164

I was just wondering after the altcoin being successful there have been more unreasonable coin that has been created, hence there are more people will  doubt it, and seriously more and more coins has being created just for profit I mean you can gain some profit off of it but its not the reason why a founder should create one.

After seeing so much coin being created and been abandoned with gaining profit from it made me think that if the new coin stops coming then we could focus more on some reasonable coin and some coin that is currently being developed.
As this moment there were alot of existing ICOs that have just started,this opens a new opportunity to invest and we can't hold the continous creatio