Can the massive creation of Altcoins can be stopped?

[gabbie2010]

Its baffles me and I am amazed with the growing numbers of altcoin being created in the name of tokens, judging by the numbers of ICOs springing out on daily basis calls for proper scrutiny and research as an investor obviously many of these altcoin will die off having been dump, why can't we trade the available ones with  good projects? like ETH, LTC, XRP etc.

[1713240217]

1713240217

[xbossJ]

People won't stop trying to make money by massively creating "Shitcoins" Good thing though is the fact that these days only fools buy into such cheap shit and ICOs, those who have fallen victim one way or another to these useless coin creators know better. $atoshi had economics and coding in his hands he wasn't one of those who would create worthless piece of gabarge  just to steal  money from people while increasing the junk of shitcoins we already have! Since people won't stop creating rubbish; it would depend on investors who hold their money to know where to put it! It annoys me that a tool which should make things better for everyone is being exploited by rogues, I trust people are getting wiser by the day, and a time would come when the space will clean itself.

[stigmacryptonight]

preventing development associated with brand new cash indicates preventing brand new development in the market, it's not required. The marketplace is actually aggressive as well as ineffective will not be made it over time, therefore, you don't have associated with preventing all of them.

[Leyss]

In my opinion, there is no point in stopping the process of creating new tokens. All useless coins and tokens vseravno after some time leave the market. In addition, this is still the main way to improve cryptocurrency and it is not worth stopping it. And no one is able to do it yet. ICO projects will be created as long as they are in demand.

[Shtamm_oval]

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 can create conditions that are able to perform only the best and most reliable projects. Only who will be engaged in it and will provide investors with a quiet choice for investments, but not a constant risk.

[nisya]

Having too many altcoins on the modern crypto market leads to big problems for investors and participants. Quite logical difficulties arise with the choice of suitable cryptocurrencies for reliable investments. But I think that such a problem is unlikely to be solved, investors just need to learn how to choose the right altcoins.

I don't think so, as long as we can have a good coin, then it will not be a problem, and even we can make a lot of money from the coins. But the massive creation of altcoin will continue since the cryptocurrency is a promising business for people who have big money. They can create the new coins, but the problem is how good that coin to survive and compete with the existing coins. And if they cannot compete with the other coin, then that new coin will disappear and will not have a chance to survive.

[indobitcoin.tk]

Having too many altcoins on the modern crypto market leads to big problems for investors and participants. Quite logical difficulties arise with the choice of suitable cryptocurrencies for reliable investments. But I think that such a problem is unlikely to be solved, investors just need to learn how to choose the right altcoins.

I don't think so, as long as we can have a good coin, then it will not be a problem, and even we can make a lot of money from the coins. But the massive creation of altcoin will continue since the cryptocurrency is a promising business for people who have big money. They can create the new coins, but the problem is how good that coin to survive and compete with the existing coins. And if they cannot compete with the other coin, then that new coin will disappear and will not have a chance to survive.

will not be a problem when the new coins are created continuously. This would be a good thing as well when there is indeed a pretty good quality crypto and deserves to be great. for less valuable coins then investors and markets will select it automatically because it deserves to be owned that will survive.

[sinkfish]

No reason to stop them keep creating more coin. how the coin success depends on us, the investor. we evaluate, we decide which coin are the one worth to stand in crypto market. we as earlier investor should lead new investor the correct way. as long we be smart, no matter what project, as long its a good project, it should prosper.

[Mytoken]

Any altcoins can now be freely created without any restrictions. no one can stop them, but we can resist them. The easiest way is to not buy them and make them lack vitality. We can completely avoid those shitcoins.

[bootlace]

I think yes, it can happens when people will finally stop to believe in new coins

[Yaupgitda]

This is possible, but not in any region. For example, China has taken a very tough stance against ico market, and continues to insist on it until the required regulation is given to this market. At the same time, in other regions, the release of new tokens and projects continues.

[KHCGlobal]

would be hard to stop as there would be more and more ideas and altcoin to be created

[okala]

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 did not see any reason why there should be stop and I think we even need more altcoins now than before. Remember that blockchain technology is to take over our money and capital markets and we are hear by advise to study and understand what the future hold for us in other to succeed in the blockchain industry.

[tins]

Any altcoins can now be freely created without any restrictions. no one can stop them, but we can resist them. The easiest way is to not buy them and make them lack vitality. We can completely avoid those shitcoins.

Many altcoin but not any altcoin is created well worth you. The value of an altcoin is based on many factors, such as the project team, the idea of the project, the number of people interested, ...

[Pr0st0Pr0be1]

Is it necessary to stop it at all? Understand, such a large number of projects says only that people want to see them. This creates competition in the market.

[xhibit1]

i do not think that it can be stopped. but if any dimension to stop it is implemented on the Ethereum blockchain, it think there will be a limit to the numbers of Altcoins creation especially the ones on the Ethereum Blockchain

[dumplingsandsushi]

Well, the entire foundation of crypto is the blockchain.
And that is open source, decentralized, and distributed so no, the creation of altcoins can not be stopped.
Literally anyone can go in and create one, even me.

but, i wouldn't be too worried about it, try comparing it to the internet.
Does the creation of a lot of websites "crash" the internet or make it less valuable?
Just because someone creates a shitcoin doesn't detract from the others.
In fact, in a lot of ways, it actually makes the real projects more legitimate because there are bad ones to compare them to.

It's not like this will last forever also.
Even the most crazy bubble economies pop sometime.

[mitsarasss]

I think this process will stop only when the ICOs will stops collecting investments completely, or when the inventors begin to analyze projects in more detail and understand how they need their own coins and which do not.

[Silberman]

I'm not worried about the huge number of new altcoins being created every day. The market will sort out which tokens to keep,what to throw out. And it is our task to learn to recognize scamcoins,it is also useful to learn.

That is fine for the market in general but there are going to be many persons that are going to lose every single dollar they invest in them while the developers of such coins are getting rich with that money and they are not been investigated by the authorities,  so the market of icos is slowly evolving in a market where no one would like to invest his money.

[Shinpako09]

For me, it can't be stop. As long as there are people they can fool. They will always create their coin repetitively to gain profit. Nothing to worry that much because such situation was there even before and if you haven't victimize yet, you really don't need to worry. That means, you are extra careful.