Enough of repetitive projects and old ideas

[Maxstl007]

Many new altcoins will die in the future because there won't be many investors investing money on them and as we know it we have many scammers here who will keep creating useless tokens and coins, if you are a developer and you think you are serious enough then try as hard as possible to come out with something new and different, enough of repetitive projects and same old ideas

Bring in something NEW or don't bother at all

[lobo13hf]

I do agree with your point. Too much projects who are working on the one idea.

I can take a smartcontract idea that was created by ethereum and then so many copycat projects have been appearing like tron, eos, tezos, zilliqa and many more.

Payment solution : CRPT, CRYPTO.com, uquid, wirex etc

we need a new idea.

[Anonylz]

Bring in something NEW or don't bother at all

I hear you bro, and I share your thoughts as well, I think our market is already clogged with same ideas and concepts, we have too many payment system related projects, too many exchange related projects, and so on, but one thing I observe is some project that manage to bring something totally different are not given the much needed attention, it is either people consider it to be not needed in the crypto space or too impossible to achieve, so I think project developers sometimes want to develop a project in line with what is selling or what people are most interested in,

However, you can still find some very distinctive projects out there that are striving to make a difference and bring something new, the only problem is they have less support and completely under the radar.

[aioc]

Many new altcoins will die in the future because there won't be many investors investing money on them and as we know it we have many scammers here who will keep creating useless tokens and coins, if you are a developer and you think you are serious enough then try as hard as possible to come out with something new and different, enough of repetitive projects and same old ideas

Bring in something NEW or don't bother at all

Actually it's already happening, so many projects are caught using old projects and copying whitepaper from old projects, they are caught doing that, they thought they can get away some even using photoshopped picture just to make their projects run by real people, if investors is not good in researching he will end up losing his money to these fake projects. 

[robelneo]

Many new altcoins will die in the future because there won't be many investors investing money on them and as we know it we have many scammers here who will keep creating useless tokens and coins, if you are a developer and you think you are serious enough then try as hard as possible to come out with something new and different, enough of repetitive projects and same old ideas

Bring in something NEW or don't bother at all

These scammers are not developers they have no original ideas and they cannot construct something new for the community, so they resort to copying other developer's work in the past, all they want is to set up crowdfunding, some of them do it hastily, forgetting the simplest details, a good and original concept create a big buzz in the community and that's what makes funding easy.

[samcrypto]

Many new altcoins will die in the future because there won't be many investors investing money on them and as we know it we have many scammers here who will keep creating useless tokens and coins, if you are a developer and you think you are serious enough then try as hard as possible to come out with something new and different, enough of repetitive projects and same old ideas

Bring in something NEW or don't bother at all

Actually it's already happening, so many projects are caught using old projects and copying whitepaper from old projects, they are caught doing that, they thought they can get away some even using photoshopped picture just to make their projects run by real people, if investors is not good in researching he will end up losing his money to these fake projects. 

Research before you invest, this is one of the golden rule in investing because if you will just listen to a Hype of a pump and dump group then you will lose money. If they just copy an old project without the consent of the former developer then that is a clear scam for me not unless they work with the same team, and just reviving the project. People keeps falling on this trap, they should at least know how to analyze the new project or ask for some thoughts in this community, many people will give reviews for sure.

[GreatArkansas]

In short, because most of the new altcoins nowadays are here just to SCAM people.
That's why most altcoins are repetitive projects, no originality or not being unique.
For me, as time goes by, projects that are no use or shady will become not effective anymore because most of the investors will get lessons for past projects they tried to invest.

[fudster]

You will always find repetitive concepts if we still believe in them. Go to the DAO forums you'll find more projects which you won't be surprised why its listed o CMC.

[cryptoperkele]

Bring in something NEW or don't bother at all

You will find new projects that are contributing by doing something new, but you will have to search them. Most of the new projects are crap because crap sells too and it's easier to pull that off then build anything ground breaking as that would require actual skills and devoted team.

Imho it's pointless to ask devs to stop delivering shitcoins when a lot of them are in it for the money anyway and ton of investors are also just looking for instant gains.

Most people aren't tech-savvy enough to know why a some project needs a blockchain or a token and what projects doesn't and most of these projects are in this to get money from these gullible people. Shitcoin builders don't have the skills to pull off anything too complex, but most investors can't tell the difference between the coin and a token. so...

[btcdie]

That is why now it is very difficult to find promising projects. many are imitating, even coins forks. actually crypto today, many ideas are the same, so they only fight between coins with promotional and marketing strategies. right now we are waiting for innovations or new ideas, but it is not that easy to deal with technology.

[Phoenix_PROG]

Nowadays scam and bad projects are easy to avoid because most projects copies from other old projects idea, stolen whitepaper (plagiarism), website design, fake forks, using Bitcoin in names, trying to create hype without new use case, lol, I've had enough of new projects, if I see a different one I will recognize

[SyndicateLabs]

I do agree with your point. Too much projects who are working on the one idea.

I can take a smartcontract idea that was created by ethereum and then so many copycat projects have been appearing like tron, eos, tezos, zilliqa and many more.

Payment solution : CRPT, CRYPTO.com, uquid, wirex etc

we need a new idea.

In fact, we do not need new ideas. We need practical ideas and can be successful in this market, I have seen a lot of new ideas but they cannot develop like every wait, work for some time and then have died in silence

[Sanitough]

No one can stop them in creating a coin or a project, but if we will educate ourselves, scammers will not be successful.

Bringing more coins in the market as long as they have a legit team is good as that would make the competition stronger and that is good for us investors or users of such project. As the market matures, I hope people will also mature, it's not necessary that we learn from our mistake, what's important is we learn to make some research and carefully study the coins we are investing. There's a reason why experts called crypto investing as a risky investment, that alone should already convince us to be careful when investing.

[20kevin20]

Well, it looks like the ICO scams are slowly dying to expect a new scam scheme to come up soon and make waves.

The purpose of coin creation has truly reached at one point a pathetic level, I think that if I go through every crypto from CMC I'd find that there's a coin for every single domain possible, and that's absurd.

If there's one thing I hate about this completely free market, it's that you can't tell every newbie or inexperienced user in advance what kind of projects are good and what kind of projects aren't. Only if there were a very few who supported scams, they would simply die off.

[lovesmayfamilis]

Many similar projects, the creators of which are aimed at deceiving investors. Fraudsters are very lazy. They copy a document on white paper. They use fake data and fake photos.
Fortunately, many in this forum have learned to quickly identify fraud. Fraudsters are afraid of advertising here. Nevertheless, one must be extremely careful. Do not believe new ideas, because many ideas are often repeated. And only a few projects are successful.

[yobo2020]

Many new altcoins will die in the future because there won't be many investors investing money on them and as we know it we have many scammers here who will keep creating useless tokens and coins, if you are a developer and you think you are serious enough then try as hard as possible to come out with something new and different, enough of repetitive projects and same old ideas

Bring in something NEW or don't bother at all

naturally, there is nothing wrong with repititve projects or sorts. Because at the end of the day, it is left to hunters, marketers to decide if it is worth working for or not.

And if there is one thing I count important in this space, it is profit. People promote anything possible as long as it is legit and bringing profits, nobody wants to care if the project later dies or fumbles, as long as it brings rewards to their pocket.

[Tipstar]

There should be new but not just idea but also execution. There are many ideas crowded with failed projects but could still be a profitable field if executed properly. Most of the project doesn't fail due to having bad ideas but fail due to lack of expertise and dedication of the team. We need better projects.

[ChrisPop]

Many new altcoins will die in the future because there won't be many investors investing money on them and as we know it we have many scammers here who will keep creating useless tokens and coins, if you are a developer and you think you are serious enough then try as hard as possible to come out with something new and different, enough of repetitive projects and same old ideas

Bring in something NEW or don't bother at all

Or maybe.. build on the existing infrastructure. The blockchain technology is here - no need to create new blockchains, but instead to create dapps and customize the tech to business and consumer needs. I'm disgusted about the amount of garbage projects being debited all the time as well. I'm wondering how much better would our world be if all these developers would contribute to solving problems.

[litepool.ru]

I agree with your opinion, there are too many new projects that copy the ideas of old projects that have failed in this market. That's why now people are no longer interested in new projects, right now people are focusing on the top projects in the market and those that already have active products.

[elementaryOS]

Well, not to burst your bubble but there are plenty of repetitive projects but still successful. If you think there are no fools fall for scammers or useless tokens and coins even though it already 2020 then I can say you're wrong. Scam and shit token still there, dumb and stupid people wasting their money are still there too, maybe lower than before but you get the idea.