Why are there so many different coins? What's the point?

>>2903568
Easy way to make lots of money for little work.

game theory

>>2903568
Cute boi.

>>2903568
more coins = more scams

>>2903568
Wouldn't you want a money printing machine you can make for free?

90% of them were made to make the developers quick millionaires

>>2903568
the point? make improvements, iterations, alternatives

it creates a healthy competition and some coins complementate each other, bitcoin for example is not fundamentally designed to be used for small payments globaly due to fees and times, yet, that's solved with variety
http://cryptofees.net/

Look at the fees

>>2903709
bitcoin, as simple as it is, is the best fit for preserving value.

coiners fags complain so much about bitcoin fees and timings, but reality is, you can look at gold standard and all its difficulties for moving it, buying, selling costs, even storage, doesn't make it less good.

>>2903568
$$$$

File: LEVELS.png (22KB, 992x527px) Image search: [Google]

22KB, 992x527px

>>2903568

>>2903609
*99%

>>2903568
pump and dump....

99% of them are bullshit scams... and this place is over-run with garbage.

>>2903568
altcoins bring something new to the tech, shitcoins/memecoins are solely get rich scheme for devs

>>2903722
Improvements in BTC like segwit or a HF to a bigger block would make it more viable for payments though.

There have always been heaps of competing currencies, the only thing to stop them in recent years is 20 years of anal rape if you create one these days,
The law hasn't caught up with crypto so it's the 1800s all over again with everyone making their own currencies.

>>2903722
Ok faggot, compare any LTC fork to gold, those are better than gold than even bitcoin is in terms of storage, fees, time, etc.

Your arguement is invalid.

>>2903568
we would not have the pink wojack, think about it

>>2903709
>the point? make improvements, iterations, alternatives
But why not improve the one you have instead of creating hundreds of pull requests? This is the same thing as distros. Dozens of versions, not one perfect. Instead, focus all the problem solving skill into one big version.

>>2903568
Ignore ICOs and tokens.

The rest are real coins that each try to bring something new to the table in terms of cryptography, speed, anonymity, etc...

It's a bubble

>>2903568
it's a way to steal bitcoins from retards. altcoin devs know only bitcoin has value so they create a shitcoin and pump it so that every cunt exchange their precious bitcoins for their memecoins.

Because there's lots of suckers and people butt mad they "missed" Bitcoin


/Thread