Enough of repetitive projects and old ideas

[Hypnosis00]

The interest in thinking easy money will drive people to create their projects similar to others just to fool newcomers but somehow they never succeed because we are not an innocent individual to be fooled with that trick. The community is already aware of this but it was so sad that still a lot of fake projects we saw around. I think that this situation couldn't be stopped nor to see an ending story of scamming because they will find a way to make it and find their prey.

[masterrex]

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

I think you hit the tipping point mate and It is a hundred percent true! that most of the projects nowadays are just copycats or just recycle from the existing platforms, so what can we expect from them? after the hype was expired eventually the project will slowly die because it has no use case at all. that was the other side of the crypto industry today, so be careful while choosing the right platform when investing in ICO, IEO, STO, etc.

[judeafante]

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

The technology can still bring a lot to the community, but sad to say some developers are on the money side instead of thinking of more ways that add usefulness of the project they always opted for money grab crowdfunding like ICO when it can be set up with little funds coming from private investment, they want money pouring in in their idea which turns out to be useless.

[ongkok87]

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

It depends on what we read that the project is included as a fictitious project or not because if we talk about fictitious projects, of course, what we will get is a project that is indeed just a mere copy of the existing project. from whitepaper to the whole. they only aim to scam investors

[FireBallex]

DeFi is the new use case in crypto space presently, soon you will start seeing fake DeFi projects because that's what scammers do, having two or three DeFi projects in your portfolio is more than enough, do not put your eggs on one basket, find other real use case

[Captain Corporate]

 I have seen plenty of new projects with new ideas as well, that doesn't mean they will be good neither. I mean surely having the same old same old is not the solution neither but I rather see a project that has nothing new at all but worked properly with a team that really loves their coin and works hard on it than a project that promises bunch of new stuff that fails to deliver any of them. All those projects with new ideas and brand new features eventually fails and that means the project was just good on paper and never really did anything important at all. Whereas if there is a project that is repetitive and basically copy cat of some other currency but worked amazingly well and improved to a point where its perfect on development and amazing marketing I would say it would fair a lot better in the market.

[JHORN]

To work on something new is not that easy but not impossible, 80% of developers in crypto space have no clue what they are doing, some even lied about their professions, that's why we have too many bad projects in crypto space, repetitive projects aren't entirely bad and there will be too many competitors to push back, will be very challenging for serious projects from serious team, that's why im against repetitive ideas

[Jancuki]

The last two years there have been many new projects that have been toppled, most of them failed in developing projects or projects that they have in common with other projects and are unable to compete. Indeed, for the time being, a project that provides new innovations is needed so that investors can be interested. It can be said for me that it is quite difficult when releasing a project that provides the latest innovations, but I'm sure there are still many people who are far more reliable and qualified.

[Vishnu.Reang]

This has been one of the major issues in the cryptocurrency market. There is extreme fragmentation in the market, and as a result of this we have dozens of projects chasing after the same idea. And as a result of this, none of them will be able to attract enough funds, and in the end the project will die gradually as a result of lack of attention from the investors.

[KaratX]

I'm tired of new projects as well, it's annoying how new projects pop up nowadays with fake teams or unprofessional teams and they start looking for funds through IEO, I wish their is some kind of ways to know which team are qualify to build crypto projects

[Twentyonepaylots]

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.

This happened relatively because of what emerged last 2017, the cryptocurrency is booming on that year leaving a huge opportunity of scammer to fraud people, now gullible people are not aware that this is already happening until 90% of projects ran away with their money.  And I must agree, new coins being introduced to the market are not having enough support to withstand the competition due to the problem the happened few years back.

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.

I'm scared people will lose their confidence and trust upon investing with cryptocurrencies especially the new ones. What I think is that, the investors will just stick to old projects and trading cryptocurrencies.

[olamidey]

Your point is valid, since 2009 there are a few new innovative crypto projects. Many altcoins  just use smart contracts then clone existing projects. Scammers are notorious for doing this. They are not interested in innovation,or creating a new project, all they want to do is extort investors. After cloning an already existing product, they rebrand sometimes the plagiarize from the original whitepaper.

Once you can spot a recycled project, you are one step closer to avoiding scam. This is more reason why you need to thoroughly research a project before you invest. Lots of  investors that do not carry out due diligence usually fall for this scam - repetitive and rehashed projects. As matter of fact, some teams are fully involved in this and on their website, you'll find questionable and funny characters as team leaders including copied Whitepapers.

[serjent05]

I'm tired of new projects as well, it's annoying how new projects pop up nowadays with fake teams or unprofessional teams and they start looking for funds through IEO, I wish their is some kind of ways to know which team are qualify to build crypto projects

Same here.  My interest for new proposed projects and innovation is gone due to the things that happen these past two years.  The majority of these projects are just created for money grab if not for scamming people.  Even those legit projects that we thought would revolutionize the payment industry fell short of their promises.  Funny how they under-deliver/underperformed when they collected millions of dollars. So even with new ideas, I just ignore them when the IEO, ICO appeared beside their project name.

[HunterUnchained]

This is what happens when there is no regulations in the industry. Most of these projects have absolutely nothing to offer and are only out to grab the most amount of money they can get. There are over 500 projects in the industry all repeating the same ideas or concepts without trying to provide solutions to anything. These projects float IEOs and once that is done, they pack up and run away or stop developments all together thus, disappearing with investors funds.

[CaVO32]

This is what happens when there is no regulations in the industry. Most of these projects have absolutely nothing to offer and are only out to grab the most amount of money they can get. There are over 500 projects in the industry all repeating the same ideas or concepts without trying to provide solutions to anything. These projects float IEOs and once that is done, they pack up and run away or stop developments all together thus, disappearing with investors funds.

And several of them just repeat the old ones because they plagiarized the entire thing. Look at the scam accusations board, a lot of them have plagiarism issues. They don't bother to rephrase some of the copied paragraphs but entirely copied them. Developers are getting lazy, copying the source codes and just editing some parts of it. This is also the prob of most open-source projects. One can copy without asking any permission. And some of them even forget to change the names within the code. Maybe it is okay to copy the business model as long as they can truly implement their objectives. And not just grab money and go.

[bitgolden]

Not much you can do when investors are still gullible enough to invest into those and bounty hunters are greedy enough to work for them.

If I create a new project right now with about 210 million token cap and tell people that I will give 100 million of it away, 80 million to investors and 20 million to bounty hunters and the price of that coin will be 0.1 cents on the market when it first starts, all I have to do to convince people is to pay them and have a great marketing, as long as I have a good team I can convince them.

Even if my whole idea was a scam and I just wanted to steal their money and get paid and just take that money and leave, I could even leave the project behind to someone who wants to rule it and I would be out of all the trouble as well and still live with the millions of dollars I made from it.

[oscarftw]

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.

Single coin can't fulfill both smart contact and our privacy. In smart contact you don't have privacy, anyone can check your transaction. If any coin has the same opportunity with privacy. You have to fix it before making this transaction that either you need privacy or anyone can see. When you use this coin as payment methods, automatically select privacy Options.

[Ifemini]

One truth we seem to neglect when criticizing repetitive project is that the blockchain preaches freedom, which is the all mark of decentralization. We cannot just rebuff of old projects that are repetitive; we also need upgrades. The question should be, are new repetitive projects more remarkable than old existing ones? Is it superior in operation and terms of use ?

[Sled]

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,

There's a lot of them around trying to make money by these foolishness artworks in crypto. We can't stop and the sad note is that they are ruining the market reputation which gives a reason for investors not to invest a new project even we saw the potentiality of this.

Bring in something NEW or don't bother at all

They'll keep doing to clone the project and take the benefits of this. Scammers will keep themselves as a scammer coz they know that they could still find a way to scam people.

[Kasabus]

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,

There's a lot of them around trying to make money by these foolishness artworks in crypto. We can't stop and the sad note is that they are ruining the market reputation which gives a reason for investors not to invest a new project even we saw the potentiality of this.

Bring in something NEW or don't bother at all

They'll keep doing to clone the project and take the benefits of this. Scammers will keep themselves as a scammer coz they know that they could still find a way to scam people.

This is the reason why most of the new projects don't come out successful even if they have the potentials to succeed because investors think that it is just another new scam projects that are runned by fake developers. This made the whole altcoin market very frustrating.