Post
Topic
Board Altcoin Discussion
Re: What is the point of creating a cryptocurrency?
by
jamids
on 12/10/2017, 01:13:58 UTC
I am considering to create a cryptocurrency, however, let's say we do a successful airdrop and 10,000 people have our token. How do we build an infrastructure so they can use them? I don't understand what the point is when 99% of cryptos have zero purpose (including the most popular ones). For example, Litecoin is accepted almost no where. Why does anyone even want it?

There are some cryptocurrencies created so that people can access a certain site by using the cryptocurrency. It is also use for privacy purposes. Just like in gambling sites, people prefer to be unknown when gambling so that others will not know that he is gambling and in the event when someone win a significant amount, it would be for his own protection that people don't know who he is. Cryptocurrency is use as well for transparency purposes like bitcoin wherein people see the transaction but doesn't know the people behind it. The problem with this is that many cryptocurrency are just created without true purpose that's why many just disappear after sometime while those that has true value and usage will always remain.