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Author Topic: what will happens if everyone has own currency, doesn't a bad for Economics ?  (Read 503 times)
Coin-1
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August 04, 2018, 05:48:52 AM
 #161

99% of all the alt coins and ethereum tokens have zero real world value and the sole purpose of these new ICO's is to make their developers filthy rich overnight. The utility of these coins is very limited or non-existent and after a quick pump & dump scheme they fizzle out and die. Nowadays anyone could just flip a switch and launch a crypto asset for the most ridiculous reason ever with minimal expenses. Does it help the economy? No. It helps to enrich a certain group of people  Roll Eyes

I disagree with you. The new coins and tokens are backed by the business projects. Some of these projects are useful, others are useless. The point is the teams can easily conduct ICO and receive investments for their promising project. Then they will be able to develop and evolve their product or technology. Every token is treated as a currency, so I don't think that using many tokens is bad for economics.
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