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jtbcoins
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October 20, 2018, 01:02:42 PM |
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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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Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
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Patrix_1
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Activity: 364
Merit: 10
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October 20, 2018, 01:21:20 PM |
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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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Boybugwal760820
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October 20, 2018, 02:04:57 PM |
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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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Maknae09
Jr. Member
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Activity: 196
Merit: 1
Ternion | Hybrid Crypto Exchange with fiat gateway
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October 20, 2018, 02:09:19 PM |
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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? |
▃ ▄ Ternion ▀▄▀ Ternion | Hybrid Crypto Exchange with fiat gateway ◥◤ ICO Start: 01 OCT 2018 (http://www.Ternion.io/) |
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zedaq
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Activity: 420
Merit: 10
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October 20, 2018, 02:13:26 PM |
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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.
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Latviand
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October 20, 2018, 02:16:08 PM |
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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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MonaLeeTracy
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October 20, 2018, 02:16:26 PM |
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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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Activity: 182
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October 20, 2018, 02:17:43 PM |
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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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Litefoxx1698
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Activity: 182
Merit: 10
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October 20, 2018, 03:19:34 PM |
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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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Activity: 270
Merit: 10
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October 20, 2018, 03:26:03 PM |
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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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martin1221
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October 20, 2018, 03:28:49 PM |
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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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baghdatis1990
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Activity: 504
Merit: 14
Miracle Tele
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October 20, 2018, 03:29:06 PM |
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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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cherryganda
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October 20, 2018, 03:31:02 PM |
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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.
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kingsman03
Copper Member
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Activity: 70
Merit: 0
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October 20, 2018, 03:32:46 PM |
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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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fulled
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October 20, 2018, 03:38:02 PM |
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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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ay.postnov
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Activity: 210
Merit: 10
eSports Tournaments on the Blockchain
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October 20, 2018, 03:53:58 PM |
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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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yavorskiy616
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Activity: 266
Merit: 1
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October 20, 2018, 03:59:58 PM |
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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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Holla123
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October 20, 2018, 04:03:34 PM |
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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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SkillOfToper
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Activity: 140
Merit: 16
DATABLOCKCHAIN.IO SALE IS LIVE | MVP @ DBC.IO
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October 20, 2018, 04:11:47 PM |
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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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Badboy[BTC]
Sr. Member
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★YoBit.Net★ 1400+ Coins Exchange
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October 20, 2018, 04:32:26 PM |
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And who can forbid you to create new altcoins? in fact, these are numbers on your screen and it's not exactly forbidden. The only thing that can be banned is holding an ICO, and then it can be banned only in a separate state, the whole planet will not do this, since many countries support cryptocurrencies
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