Why there is so many altcoins?

[chernish2]

Just take a look at any altcoin launch calendar. Every day we have several brand new altcoins launched. The majority of them has nothing new at all except for new logo.
Why this is happen? What is the purpose of their developers? There is no chance to premine nowadays, so how investors / devs are planning to make their money?
And what will happen with all of these when some time will pass? It reminds me adjacent space full of flying garbage.

[FoBoT]

why do people buy powerball and lotto tickets when the odds are so long?

[marine4u]

You haven't seen anything yet, it is Marinecoins goal to create %75 of new altcoins just this year.


Multiple new altcoin release initial announcement by Marinecoin

Today at 07:19:53 PM

Reply with quote Edit message Delete message  #1
 

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This is a multiple new coin release initial announcement by Marinecoin. We are talking about thousands of new alt coins here within a year.
 
New Altcoin bombardment just started.

We will announce all new coin announcements here and on many other platforms simultaneously and anonymously.

As Marinecoin it came to our understanding that the more useful or useless altcoins there are on the altcoin arena the better, it works very well with Marinecoin’s overall long-term strategy.
Marinecoin has decided to flood the altcoin arena with new more multiple altcoins with new concepts, demographics and features everyday. Thousands of them will be announced this year.

No-premine 1 to 100% premine concepts, different algorithm, cloned other protocols and different types of concepts etc, you name it.

We have gathered resources teams of people who will do these creative works for us, they will not be copycat coingen alt coins.
They will all be indistinguishable.  All new coin announcements will be unique, professionally made with full support and come with a seemingly energetic developer, and an initial active community eager to have them exchanged.

We hope you will enjoy these stream of alt coins that we will announce this year from today on.

However at no time Marinecoin will admit any relation to these new alt coins, to give all of them a fair chance and not to hinder their potential by being the source for all of them.
We will go as far as denying on forums threads of any relationship to Marinecoin as being the source to these stream of new altcoins that are about to flood the exchanges.

So enjoy this years stream of new alt coins that will be released from our end among others, you never know the next coin you are after might be ours.

Marinecoin
www.marinecoin.org

[st1ngray]

more garbage made by garbage. sweet.

[braane]

People are spreading the market too thin and it is going to hurt all cryptos in the long term. They want to get rich with new launches, but forget that they take away people to sell to through the creation of new cryptos.

[CoinTropolis_JustaBitTime]

Just take a look at any altcoin launch calendar. Every day we have several brand new altcoins launched. The majority of them has nothing new at all except for new logo.
Why this is happen? What is the purpose of their developers? There is no chance to premine nowadays, so how investors / devs are planning to make their money?
And what will happen with all of these when some time will pass? It reminds me adjacent space full of flying garbage.

$

[CoinTropolis_JustaBitTime]

People are spreading the market too thin and it is going to hurt all cryptos in the long term. They want to get rich with new launches, but forget that they take away people to sell to through the creation of new cryptos.

No different than different flavors of Linux coming out in the late 90s.

[marine4u]

Just to make some things clear about the misconceptions

There is no intention to make money $ USD in this project, its done at a big financial loss,

but it will prove Marinecoin's theory right about all crypto currencies are ONE, as a whole,
a digital ocean of crypto currencies price based on average electricity cost to hash the ledger.

It will prove that crypto currecy price should equal out at some point,
and become one mega exchange network called the Maritime Crypto Exchange MTC

We hope to speed things up to reach Marinecoin's goal faster. by dominating the altcoin development this will happen much quicker.

Marinecoin

[Cryptoths]

market saturation.

[AngelSky]

No worries here. Garabage is garbage and coins with real technical/technological inovations will survive.

[braane]

People are spreading the market too thin and it is going to hurt all cryptos in the long term. They want to get rich with new launches, but forget that they take away people to sell to through the creation of new cryptos.

No different than different flavors of Linux coming out in the late 90s.

It is different though. Most Linux Distros are free and therefore people could own multiple of them without any risk. In the crypto world that isn't the case. As an extension of that, getting new currency (while it's becoming easier) in the market is hard. The amount of money needed to flood the market to keep up with inflation is already astronomical when you consider all cryptos together. As a result of these two things 1) cryptos as a whole are less valuable and 2) Dollars in the market are more valuable.

[marine4u]

No worries here. Garabage is garbage and coins with real technical/technological inovations will survive.

Not so fast!

We will just copy paste multiple new forks with better marketing campaign and additional features as they become available.
Within days.
As long as it is open source, which has to be. There is no escape.

People forget that fact, like namecoin has no advantage or any other you got .bit we got .fit domain who's to say you can't.
this includes new algos or other future developments. It will also be challenging and fun project to get involved.

Marinecoin

[CoinTropolis_JustaBitTime]

No worries here. Garabage is garbage and coins with real technical/technological inovations will survive.

Not so fast!

We will just copy paste multiple new forks with better marketing campaign and additional features as they become available.
Within days.
As long as it is open source, which has to be. There is no escape.

People forget that fact, like namecoin has no advantage or any other you got .bit we got .fit domain who's to say you can't.
this includes new algos or other future developments. It will also be challenging and fun project to get involved.

Marinecoin

I think most realize the gravy train is ending.  Aside from eco-systems with real innovation such as Nxt, Etherium, Mastercoin, Bitshares etc... I would guess most will see worse returns on alts than they did the year before. I could be wrong.

[FoBoT]

No different than different flavors of Linux coming out in the late 90s.

good comparison, red hat (etc) fanboy or ____<altcoin> fanboy

[marine4u]

No worries here. Garabage is garbage and coins with real technical/technological inovations will survive.

I think most realize the gravy train is ending.  Aside from eco-systems with real innovation such as Nxt, Etherium, Mastercoin, Bitshares etc... I would guess most will see worse returns on alts than they did the year before. I could be wrong.

NXT  SQL DATABASE coins distributed among 75 people, who are you kidding?

Mastercoin good luck no traction what so ever there people moved on, no need to elaborate.

Etherium, smart contracts where there is no judge or laws that can be effective, just another way to scam others, useless altcoins for indviduals for exchange, anon corporates just waiting for a slap from the USA will never see the light of day after that, dream on Etherium

Money is Money, it has been like this for thousands of years no technological innovation will change the game of who has more. You buy something you have less, you sell you have more money.
Check your bank account webpage it has been the same way since 1996 with all their resouces, because nothing further is necessary to keep the accounting.

That's all there is to it, so people should not over-fantasize about crypto and all that's involved with it.

Nothing will ever change that, crypto is just a better way to do the accounting.

Marinecoin
www.marinecoin.org

[s1gs3gv]

The action is moving up the food chain to the infrastructure and application level.

[cryptohunter]

You haven't seen anything yet, it is Marinecoins goal to create %75 of new altcoins just this year.


Multiple new altcoin release initial announcement by Marinecoin

Today at 07:19:53 PM

Reply with quote Edit message Delete message  #1
 

--------------------------------------------------------------------------------

This is a multiple new coin release initial announcement by Marinecoin. We are talking about thousands of new alt coins here within a year.
 
New Altcoin bombardment just started.

We will announce all new coin announcements here and on many other platforms simultaneously and anonymously.

As Marinecoin it came to our understanding that the more useful or useless altcoins there are on the altcoin arena the better, it works very well with Marinecoin’s overall long-term strategy.
Marinecoin has decided to flood the altcoin arena with new more multiple altcoins with new concepts, demographics and features everyday. Thousands of them will be announced this year.

No-premine 1 to 100% premine concepts, different algorithm, cloned other protocols and different types of concepts etc, you name it.

We have gathered resources teams of people who will do these creative works for us, they will not be copycat coingen alt coins.
They will all be indistinguishable.  All new coin announcements will be unique, professionally made with full support and come with a seemingly energetic developer, and an initial active community eager to have them exchanged.

We hope you will enjoy these stream of alt coins that we will announce this year from today on.

However at no time Marinecoin will admit any relation to these new alt coins, to give all of them a fair chance and not to hinder their potential by being the source for all of them.
We will go as far as denying on forums threads of any relationship to Marinecoin as being the source to these stream of new altcoins that are about to flood the exchanges.

So enjoy this years stream of new alt coins that will be released from our end among others, you never know the next coin you are after might be ours.

Marinecoin
www.marinecoin.org

You need to release at least 20 per day if this is to work

[youngg]

People are spreading the market too thin and it is going to hurt all cryptos in the long term. They want to get rich with new launches, but forget that they take away people to sell to through the creation of new cryptos.

That is exactly right, in fact, it's already going on. What is the point of all these coins? For it certainly is not in response to 'demand'. We're seeing too much supply, dwindling demand.

All these alt are just confusing and annoying and really, they just make the leaders like BTC and LTE stand out even more.

Yet, at some point, maybe soon, it will not be profitable to launch a new coin and they will drop like flies. Hopefully soon because until then, I'm moving my money elsewhere - likely into btc and lte exclusively.

The barriers to entry here are ridiculously low, I could make and launch a coin with $5 and a flip phone.

[bl0ckchain]

No worries here. Garabage is garbage and coins with real technical/technological inovations will survive.

True True. I can't wait to see the new Goldcoin java client... I hear it's gonna be awesome.

[tabali tigi]

i think we can already see with "Magic Internet Money", that the completely useless coins will not be worth anything...

Accelerating the cycle of alternative currencies that are self proclaimed parody coins, or coins that serve absolutely no purpose will only make the useful coins become apparent quicker.

The more coins that are on the market, it makes it harder for coins to set themselves apart, and that will actually encourage innovation.


Really, the idea that we only need a few coins is a lazy way to look at things.

Are we going to stop using starbucks cards and target cards???

If there is an incentive to change currency, people will do it.  If there is an incentive NOT to change currency, people will not change.