But this can't be stopped. Can't you see the exponential growth just like I predicted and in 18 months you're gonna look at 3,000 coins.
There is no exponential growth. The rate of new scamCoin releases is significantly down. The number of releases is also irrelivent, what matters is the number of actively developed and mined coins and that is a flat line at best.
6 months ago Bitcoin had ~95% of cryptocurrency marketshare and Litecoin had ~4% with the other 1% spread among a couple dozen dead or dying coins. Today Bitcoin has ~95% and Litecoin has ~4% and the final 1% is spread among a couple dozen dead or dying coins. The scamCoins are parasitic to one another. They are exact copies which produce no value so one gets hyped one weak and crashes the next weak. A coin goes offline only to be replaced with another one.
The vast majority of the coins will be gone in a year and will never rise to any significant usage. Only five coins have ever broke through $1 mil USD in valuation and honestly even $1M is a negligible amount. None of those have been released in the last three months. Of the five only NVC was released this year.
Ok, thanks for the stats.
When the bankers come in the real developers with entire teams will come once. I stand by. 300 active coins next year and 3,000 the year after.