What's the deal?
Do people really use them? Or is it just for speculation and trading?
altcoin = get rich quick scam world
people making coin in hope of striking rich without working hard, example of striking rich are ethereum, darkcoin, nxt, dogegcoin and ton others.
seen altcoin scene is dying down we have people like bobsurplus and his team who creating hundred and hudred of shitcoins and collecting little by little btc from the dumb morons who would fall for a dog dried poop pack in a plastic bag with label,"this dried poop will take over the world in 1 week". in the next day these dishonest morons team would go find dried raccoon poops and the next day they would go find duck poops etc.. etc... making easy money from dumb morons selling poops. the dumb morons think they got a pretty good deal for the poop which can take over the world by buying some of them in hope of resell to another dumb morons. all these dumb morons not realize these free poops is useless. most would end up holding priceless poops. the poops would dissolved to nothing and disappeared eventually. you get the point.