With the onslaught of dozens of altcoins released every day, existing coins are worth less and scams are more prevalent.
I don't think we need 10 new coins every day for every country, actor or meme. Most of these coins are often dead on arrival due to:
- Incompetent devs
- Absurdly high premines
- Hundreds of billions of coins
- Instant dumps
- Direct copy of another coin
- etc...
New coins are fine, especially if they serve a purpose, have fair launches and a community behind them.
We should setup a way to democratically vote for new coins that are allowed here every week. You need a certain level of activity to participate
and people who want to launch a new coin can convince the community of their plan and how they are going to make things work.
The goal here is to create good coins with a future, not copies that crash and burn within a month.
Thank you for reading this and I'm curious about what you guys think about this.