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Author Topic: Can the massive creation of Altcoins can be stopped?  (Read 2451 times)
Karie_Legend
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October 20, 2018, 12:45:50 PM
 #261

Why should it be stopped? It`s just ICO tokens and that is not bad feature i think. Is it a really big problem for you?

Not so disappointing because you only need to be more careful to make decisions and have a good project for you. it all depends on your choice.

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jtbcoins
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October 20, 2018, 01:02:42 PM
 #262

I hope that someday the creation of altcoins will be regulated. For now, everyone can make their own altcoins and it's silly in some way.
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October 20, 2018, 01:21:20 PM
 #263

I do not think, that it will stop one day. It is an amazing opportunity for people from all around the world to make their idea come true in an altcoin. But we need to be more careful with ICOs and support only trusted and perspective projects.

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October 20, 2018, 02:04:57 PM
 #264

Well regarding the matter whether the massive creation of Altcoins can be stopped all I can say is that the creation of Altcoins will never be stopped because many of these ICOs are being created by scrupulous developers who just want to scam their investors so that's why we are seeing many of these ICOs created everyday.
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October 20, 2018, 02:09:19 PM
 #265

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 have a question in mind, was it really bad for the cryptocurrency industry that there is a lot of altcoins created for people to use as a substitute for bitcoin? or there might have been a good effects that it can bring for the people who uses cryptocurrencies?

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October 20, 2018, 02:13:26 PM
 #266

Probably only after the ideas of the people end and new regulations will be introduced, which today will be used as the beginning of the creation of a new project, I am sure that this will prevent new projects.
Latviand
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October 20, 2018, 02:16:08 PM
 #267

In my opinion it cannot be stopped since different teams or groups of people are behind different ICO projects so it cannot be controlled. Also, not all projects are succeeding which makes it not surprising for many projects to be released every month. Altcoins are mostly from ICO projects. It also means that as long as there are projects being released, same thing will happen with the number of altcoins in the market.

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October 20, 2018, 02:16:26 PM
 #268

I hope that someday the creation of altcoins will be regulated. For now, everyone can make their own altcoins and it's silly in some way.

I hope so, because we also want that the manufacture of altcoins can be adjusted again. because the longer there are more and more altcoin makers, and that is very detrimental to us.


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Masatos
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October 20, 2018, 02:17:43 PM
 #269

Indeed, the market is extremely crowded now with meaningless coins that do not give anything useful to society. This is one of the main problems at the moment I think

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October 20, 2018, 03:19:34 PM
 #270

I think that we really need some reagulations about this because new investors are lost about what coins will bring them money

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drmasa
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October 20, 2018, 03:26:03 PM
 #271

There should always be some shitcoins to collect all the idiots and leave them broke! Worst thing would be if they get into some big piece of market and build mining farms and start to decide in which direction should we go. Time of early adopters-visionaries is gone, now there are idiots with money who want to "moon".
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October 20, 2018, 03:28:49 PM
 #272

Blockchain by nature is open source. It was intended that way so anyone with the knowledge and skills can develop its own platform. Coin creation cant be stopped but I think can be regulated. There should be a scheme to monitor coin creation and identify those with really good potential and not a scam
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October 20, 2018, 03:29:06 PM
 #273

     It does not affect anyone that there are many other projects, including shitcoin projects. After launching, they will not have long lives and will falter. Those who have to lose are the bounty hunters to lose time with SCAM or weaker projects. It happened to me and it's a totally unpleasant feeling.

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October 20, 2018, 03:31:02 PM
 #274

Creation of altcoins in the market is for the ICO of a future project.
As long as there are teams who want their project to be funded via ICO it will continue to grow.
What we need is the regulation in creating coins and having ICO to stop SCAMMING in this cryptocurrency.

kingsman03
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October 20, 2018, 03:32:46 PM
 #275

most of this alternatecoins where not created just for profit, as most of them has a working product and is useful to the market. so you dont have to generalize your statement
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October 20, 2018, 03:38:02 PM
 #276

if the regulations about crypto in future more clear, i believe massive creation of tokens/coins can be stopped, developer must fit with strict regulation before can create their own tokens/coins. I belive if in future this regulation can be made, almost all coins/tokens will be a legit project

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October 20, 2018, 03:53:58 PM
 #277

Even if the government regulators will try to stop this I don't think that people stop create new coins. People want to be rich and this is the moct fast way

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October 20, 2018, 03:59:58 PM
 #278

Hi, I'm also worried about the number of Altcoins. But I do not know this is good or bad. But I think that when that quantity turns into quality.
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October 20, 2018, 04:03:34 PM
 #279

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 is getting easier by the day to create an ALTcoin. Even non programmers will be able to do it using Sparkster for example. The same goes for buying a domain and setting up a website. Anyone can do that. Fortunately the exchanges have started looking much closer at projects before listing them. Binance is taking the lead there. If something is listed on Binance it is a good indication. Also a good indication besides normal research on a project is hardware wallet support.

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October 20, 2018, 04:11:47 PM
 #280

I hope that in the future will be some database with structured coins and special requiarements about them. Consiedering how many of them at this moment

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