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Author Topic: Time that there will be no new altcoin projects anymore  (Read 941 times)
jacafbiz
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November 14, 2020, 04:21:37 PM
 #161

Token creation is forever has long as Cryptocurrencies is still profitable, it is just like saying their won't be any IPO again because there are many Zombie companies out there, those dead token will make way for new ones and that is how nature design things, old give way to new

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November 14, 2020, 04:58:20 PM
Last edit: November 14, 2020, 08:34:56 PM by dominguero
 #162

Nowadays in criptos are a lot of ideas, visions and different projects, with a lot of characteristics like ICO, DEFI, POW, DAG, POS, Masternodes, scams, ponzy, Eth Tokens, des/centralized, premined, anonymity, ASICS... and only its the beginning.

Each one of these characteristics need his own users, developers and projects.

In my case i like POW/privacy projects, with no premine or similar, and I always search for a new project, forks, and never regret if i wasted my time or electricity with a new one, Its like a hobby.

Its true that it is difficult to find decent altcoins, other than a simple pump & dump, or a simple rebrand with no innovation or some differentiating/new  characteristics, but its always possible.

At these moment i am running a full node of a new cryptonote fork in a clean linux install (I am not a linux user), and compile (first time) the sourcecodes (its a new blockchain, still in development)... Is not fun?

This is not going to stop, on the other hand, we are just building momentum.


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November 14, 2020, 05:02:12 PM
 #163

Since the creation of Ethereum and other smart contract-based and token creation platforms we have seen the number of newly launched projects token created, we now have thousands of dead tokens and coins but many are still create it seems many tokens just come and go.

Do you think we will have a time that there will be no new tokens created and people will stop investing and supporting new tokens or coins?
We should start from killing every smart contract platforms or crypto projects just because we are tired of seeing new scam projects every time, let's start from ethereum since it's the king of smart contract, is this making any sense to you? I don't think so, leave them be and focus on making yourself better at doing research

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November 14, 2020, 05:04:36 PM
 #164

Many projects will come and go that's certain but with good research you can tell which project will die fast or live longer, most times utilities is what matters the most, followed by the experience of the project team, it's your duty to evade bad projects

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ARTCOINSLV
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November 14, 2020, 05:07:29 PM
 #165

Since the creation of Ethereum and other smart contract-based and token creation platforms we have seen the number of newly launched projects token created, we now have thousands of dead tokens and coins but many are still create it seems many tokens just come and go.

Do you think we will have a time that there will be no new tokens created and people will stop investing and supporting new tokens or coins?

I often think about it, too.
As long as a person has a fantasy, more and more new projects will appear. The world is being digitized and this process can take decades.
thesmallgod
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November 14, 2020, 05:07:56 PM
 #166

I do not think that is possible. The reason is that people will always find a way to improve on already existing systems (aside those projects that are much concerned about their pocket) and this will continue endlessly. Reports have shown that the use of blockchain technology is growing every year. Even though not all of them create token but we will still see at 1 out of 20 that will integrate token as part of the development
Furryball
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November 14, 2020, 05:27:03 PM
 #167

This is impossible, Ethereum is a smart contract projects, we have Tron, EOS, NEO, they are smart contract projects and there dozens of new smart contract projects too, they are here to make things easier for developers, new projects Creation is why we have more smart contract projects in crypto space, thinking that there won't be new projects anymore will make ethereum and others useless so it's never going to happen

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November 14, 2020, 06:00:44 PM
 #168

absolutely impossible if new projects disappear from this industry or are no longer made by project developers, in fact Every new altcoin project is created very easily and now not only from Ethereum Smart Contracts. but There are many other smart contracts such as Binance Smart Contract and Tron Smart Contract. bad developers will never stop operating their dirty plans.

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November 14, 2020, 06:43:02 PM
 #169

We can accept it in a very simple way, like stock exchange projects. New concepts and projects always arrive in our world, how Cryptocurrency will be different? Some coins reveal on the Ethereum blockchain then switch to their own coin. New altcoins will complete all slow old altcoins demand.
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November 18, 2020, 06:08:58 PM
 #170

I don't think so, there will be more new projects created in cryptocurrency, resulting new token creations.
Cryptocurrency is opening the opportunity for start up project because crypto is borderless, anyone from around the world can buy it.
Most of new projects are not good enough indeed, but i think there will always be new projects created.
In fact we can even argue that this is just the beginning, let's imagine that the price of bitcoin reaches 100k during the next 10 years do you think that the number of altcoins is going to go down? Of course not, the number of altcoins is only going to increase exponentially, the only thing that I hope for the future is that at that time new and more professionals developers come to the market and that investors get smarter so we can reduce significantly the number of scams in the market.
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