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Author Topic: If you could, would you delete every altcoin?  (Read 542 times)
Kunnu
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May 02, 2020, 09:01:34 AM
 #41

The competition between various altcoins is necessary that's why we may expect opportunities to make profit so I believe it won't positive sign for crypto industry if every altcoin disappears from the market and somewhere people may loose interest in crypto if it happens which is possible only in our imagination.
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May 02, 2020, 09:14:20 AM
 #42

I would. Why so many cryptocurrencies should exist? Only one, and all of us would want the same coin.

Like in the real world, we have yens, euros, dollars. Imagine having only 1 currency  Shocked

Wouldn't it be great?

Not all country have the same system, and not all coins are created equal so get that idea of one coin or one currency,  it will not be great and will be a lot of conflicts, people should get used to having many coins but always research for the right coin to invest, Bitcoin and the majority of the coins are open source, and people can always create a clone.

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May 02, 2020, 09:20:58 AM
 #43

I would. Why so many cryptocurrencies should exist? Only one, and all of us would want the same coin.

Like in the real world, we have yens, euros, dollars. Imagine having only 1 currency  Shocked

Wouldn't it be great?
Why erase all the alts when it is profitable for the speculators? I disagree with your thoughts because I want the crypto market to be more diversified and investors have more choices. In addition, the manipulation will decrease because the marketcap is divided among many coins. I do not want it to focus on Bitcoin, then not the other people to admit this is a gambling game?
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May 02, 2020, 09:56:55 AM
 #44

Talking about deleting altcoins, don't forget ethereum is also inclusive. It is not bad to have more than one coin because there must be room for competition but having so many shitcoins is the problem.

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May 02, 2020, 10:02:49 AM
 #45

I would. Why so many cryptocurrencies should exist? Only one, and all of us would want the same coin.

Like in the real world, we have yens, euros, dollars. Imagine having only 1 currency  Shocked

Wouldn't it be great?
If I have the power to delete any altcoins 80% of altcoins will be gone, we have too many devs stealing from others idea most especially old altcoins, way too many same ideas, the only hope is for VZ to take down many useless coins and tokens on coinmarketcap, I hope he will do that
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May 02, 2020, 10:10:12 AM
 #46

I would. Why so many cryptocurrencies should exist? Only one, and all of us would want the same coin.

Like in the real world, we have yens, euros, dollars. Imagine having only 1 currency  Shocked

Wouldn't it be great?
If I have the power to delete any altcoins 80% of altcoins will be gone, we have too many devs stealing from others idea most especially old altcoins, way too many same ideas, the only hope is for VZ to take down many useless coins and tokens on coinmarketcap, I hope he will do that
well, when you delete all altcoins in your wallet, there is no longer any potential for profit when the developer of altcoin, which can be said to be sleeping temporarily, because there is no development from the developer, so there is no harm if you keep it in the wallet because I don't think that's too annoying.

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May 02, 2020, 10:21:11 AM
 #47

Definitely no . There are some altcoins which are trying to be useful and are trying to get into the field of supply chain , OT for example is one of them but yeah 95 percent are just useless.

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May 02, 2020, 12:26:19 PM
 #48

If I was to decide whether delete every altcoin or leave the situation as it is, I would keep all the altcoins. Because they are the history or knowledge. They demonstrate how people can be naive and believe in lies, how people invest in things that will never make them rich or will opposite - make them rich easily. Altcoins show how different can be cryptocurrency world.
Moreover I think every alt plays huge role in overall developing crypto world of the future. I mean most of alts are just bad experiments and we can only reach great results by testing out what works and whats not
If we delete all alts - we'll lose track of our past experience so that would be a huge leap backwards in terms of crypto industry growth
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May 02, 2020, 12:47:12 PM
 #49

If I could sounds impossible anyway, the only thing we can do is makes bad altcoins looks very ridiculous in front of newbies that might fall victim to them, starting from bad exchanges with fake volume and down to fake and pump and dump altcoins, damn they are too many on coinmarketcap

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May 02, 2020, 01:08:29 PM
 #50

I technically dont understand why some people wanted to delete or vaporized these altcoins? Actually we should be grateful to them cause they add some value on the overall marketcap of cryptocurrency. I think you hate so much scam projects that failed to pay bounty hunters right? Too bad that you include some good projects on your general wish. However, there are people with different point of view when it comes to this. Just like me, its fine for me with these altcoins as long as they are useful and can contribute to the good of the blockchain industry. Dont be so judgeful with all the projects out there especially the altcoins, some of them were hidden gem and likely to create a well versed platform.

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May 02, 2020, 01:18:07 PM
 #51

when there is altcoin which is really useless then you can leave it without having to throw it away because it will make you regret someday, but if you want to throw it away then you can burn it to 0x0000000000000000000000000000000000000000 you just need to send it to the wallet then it will definitely disappear and burned because the wallet as long as I don't have the owner and imagine how many tokens are there but have a high exchange value and a very large estimate of money.

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May 02, 2020, 01:53:21 PM
 #52

I would. Why so many cryptocurrencies should exist? Only one, and all of us would want the same coin.

Like in the real world, we have yens, euros, dollars. Imagine having only 1 currency  Shocked

Wouldn't it be great?
Whats wrong with having altcoins (besides those shit coins and other clone cones)? Why is it bothering you? If all altcoins get "deleted" and everyone jumps into bitcoin, do you really think the whole network can handle it? Think about those confirmation waiting times. Think about those advantageous features some altcoins have over bitcoin.
All I can imagine is that its going to be really bad if there is only 1 alt coin.

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May 02, 2020, 01:55:37 PM
 #53

They keep reproducing so deleting them one by one is going to be a hard job. They're already here and accepting them but with your choice of using them is up to you.
I have thought of this before and there's the what if most of the market cap from altcoins goes to bitcoin, then that's a sure bullish turn.



 

 

 

 

 

 


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May 02, 2020, 02:42:27 PM
 #54

I would. Why so many cryptocurrencies should exist? Only one, and all of us would want the same coin.

Like in the real world, we have yens, euros, dollars. Imagine having only 1 currency  Shocked

Wouldn't it be great?

What i want already done by exchanges, they delisted coins that not good, dead, broken, etc. If i have power to do it, maybe i will let community delisted it by themself because what we want, people want is profit from a coin.

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May 02, 2020, 02:55:39 PM
 #55

I would. Why so many cryptocurrencies should exist? Only one, and all of us would want the same coin.

Like in the real world, we have yens, euros, dollars. Imagine having only 1 currency  Shocked

Wouldn't it be great?

It would not. There was a lot of reasons even for the fiat country whey they must have their own currency. If someone controlled it and it will be manipulated automatically.

The fact that so many cryptocurrencies exist with a different purpose. Smartcontract also brought a huge adoption for crypto too. Any crypto that came with an innovative idea has its own role.



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May 02, 2020, 04:16:29 PM
 #56

I definitely wouldn't delete EVERY altcoins.

I would delete around 99% of them sure, but I feel like we still need a few in particular;

- Ethereum
- Monero
- Tron
- Binance Coin
- Several stablecoins

Other than these, and perhaps a few more, I'd wipe the lot of them! They're all leeches that dilute the market cap and make mass adoption more difficult.





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onrise
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May 02, 2020, 04:21:23 PM
 #57

If I was to decide whether delete every altcoin or leave the situation as it is, I would keep all the altcoins. Because they are the history or knowledge. They demonstrate how people can be naive and believe in lies, how people invest in things that will never make them rich or will opposite - make them rich easily. Altcoins show how different can be cryptocurrency world.

Some would like to delete it would be people who had invested in wrong coins or ta wrong time and had taken a loss due to which would like to forget that as an nightmare. I hope when the prices are falling people do invest in such times and not at high as this will help them make money when it rises.

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Esterklu
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May 02, 2020, 04:59:00 PM
 #58

Of course not. Otherwise, the whole idea of ​​cryptocurrencies - decentralization - will be destroyed. And yes, I also don't like that there are many scam cryptocoins. But destroying all projects is a barbaric idea that fortunately cannot be realized.
tbterryboy
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May 02, 2020, 06:40:37 PM
 #59

I would. Why so many cryptocurrencies should exist? Only one, and all of us would want the same coin.

Like in the real world, we have yens, euros, dollars. Imagine having only 1 currency  Shocked

Wouldn't it be great?
Having only one currency? Huh If you’re talking about cryptocurrency, that would be great, but in the case of the real world, that would be a really bad idea and is not going to work. It’s not even possible for the whole world to make use of one currency, because we don’t have the same government. But in the case cryptocurrency, I would be happy if there is only Bitcoin and no other cryptocurrencies. To be sincere, these other cryptocurrencies in the market are quite annoying.

Almost everyday that I go online I would see people talking about creating their own cryptocurrency. The worst part is that it is now becoming really annoying, because it’s not only just businesses but even celebrities now want to have their coins, and these coins end up heading nowhere and being completely useless.
ameliana
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May 02, 2020, 06:44:32 PM
 #60

of course I will only take part in investments with one coin that is truly real and profitable for investment. but if it exists. but the problem out there is that there are thousands of crypto currencies and I think investors also have different tastes.
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