Can the massive creation of Altcoins can be stopped?

[passwordnow]

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.

[1714060741]

1714060741

[1714060741]

1714060741

[1714060741]

1714060741

[Xi Jinpi]

There are many ideas to develop, should not stop

[rosepetals]

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 creation of Altcoins because this is a trend that more people accept and adopt to make profit..but i can see that you were right,due alot of existing coins some of it were worth to invest but others will become useless most especially if the project was not successful.We should have been focusing on the existing coins that already made its name in market and these coins would continue to grow and develop if we've just focus on it.

[goku19]

I hope it can be....really hate these shit coins just popping up each day i hope those can be stopped so that the genuine coins doesnt get bad impression...i believe in less coin but good and genuine coins only...sadly but i dont see any way to stop this right now

[abruchifid]

Ironically, this is one of the bane and beauty of crypto-currency, anyone can create, manage and tokenize any  ecosystems they deem viable. The problem is that some projects are trying to give 'solutions' to a problem that doesn't not exist. Just to reap profits

[abruchifid]

There are many ideas to develop, should not stop

Rightly so, everyone need to be heard, but only those who really have some nice or worthy stuff will get listened to, we see a lot of projects dieing barely 4 months after listing  on exchanges. Grossly because there are no value created to spur demand for the coin, most times just empty partnerships

[Kool5]

Everything can be. After all, the administrators of our forum have banned handing merits to raise the rank. Also here, it is forbidden to create new alcoys, that's all. But it is more difficult because of the companies and their projects.

[Orrechorre]

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.

I think I also agree with your suggestion and I think it would make a whole lot of sense and the rate of scam coin will be reduced. If there is a regulation to monitor upcoming coin and its potential then a charge should be attached to it to be first paid by the developer before it would come into crypto, then There will be minimum number of coin in crypto and it will only be good coins not underdeveloped one.

[Naficopa]

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

Because everyone can create their own coins, it is not possible to stop this. At least for now, it can not be controlled. The market and investors will verify everything, so all these useless coins will eventually disappear.

[romoleal]

No, we can't stop the formation of new Altcoins and we ought not in any case fret over it. the such instruments occur naturally in venture area. The new Altcoins which have a poor thought or an undertaking behind it will consequently vanish when no financial specialist will bolster it. So it relies upon the financial specialists that they ought to be cautious and watchful about putting resources into any new Altcoin. In any case, yes there must be some direction that atleast absolutely shitcoins which are unmistakable to be shitcoins however are publicized as excessively awesome and achieve delicate top by such advert must be halted as they don't have any utility truly.

[sarasofrup]

It can only be stopped if people at the top or have a little control create a platform that scrutinizes the creation of a new coin or the adoption of the coin into the market. If this cannot and doesn't happen, then I do not think there is any other way that the massive creation of altcoins can be stopped. Something needs to be done though, urgently.

[faza13]

I think the crypto and blockchain innovation boom did surprise everyone and this is an important responsibility for all of us. We must all think about this situation where the massive release of fraudulent coins is released with the simple goal of any profit.
all technology is immature so it's too early for a new ICO. they look very ambitious to shift bitcoin from the top of the crypto coin.
But of course, there will be a bigger project in the development of altcoin in the future,
I think this is important. this mechanism will greatly reduce the number of junk coins that are released all the time.

[Kekenapep]

I really don't think the creation of altcoins should be stopped,if that's done how would we know when we've stopped a promising coin from entering the market,the fact still remains that coins will come and go as those which gain stability will remain,while those which lack quality management will fizzle off the market

[testadimerlo]

Until recently, anyone who invented a useless project was enriched. Times are changing, indeed they have already changed. Greater awareness, less useless token in circulation.

[teleminergroup]

Coins will stop creating when naive people will not invest in fraudulent projects, you need to analyze projects

[umrohyuk]

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 also ever think as you. There are so much coins now being created but some of them is just a scam and seem have no value in the market. I do not now how they become worthless, is it caused of so much new coins being created or even the coin has no good goal or etc.

[ziggy21]

There are several countries in the world that uses the same currency, also the population of a particular major country is enough to hive its fiat good circulation, in the case of cryptocurrencies, only a few thousands of people possess and can transact in most of the cryptocurrencies that are available. This causes a big problem for the cryptocurrency market and it needs to be stopped.

[robertycore]

many altcoins have good use for daily use most of yhem have intersting uses

[Caysinamires]

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.

[cryptoskillful]

Maybe if there is a limit to the number of altcoins on the coin market, the creation of the altcoin will stop. But I don't think this is fair. Everyone has the same opportunity to try his luck in the crypto world. And if you have the ability to create altcoins, you can do it too.