I am looking here for the first time and i am supprised how many coins exist.
But why? Any sense?
There is. Developers and early miners bank on them. They've seen ppc and trc getting some value and thought - "well, why wouldn't I collect some cash doing the same".
While this may be true, there has to be a bit of a return on creating something. Why else would you do it then?
There's no point in doing it at all - that's my point. There's absolutely no value or purpose in new altcoins made each week. Cryptocurrency is supposed to be a currency and even bitcoin is not that yet and yet people are making new altcoins on weekly basis just for pump and dump purposes.
As far as I'm concerned anyone who make new altcoin without any innovative technology is utter twat. He won't care about my opinion of course as long as he make money from doing that but that's how I see it.