Quote from: Shenzou on January 11, 2018, 10:32:19 PM

Quote from: rob31 on December 14, 2017, 03:19:38 PM

Hi, I am new to all this, but help me understand this. If there is a crypto coin that is very useful and has functional value, not just speculative, say it becomes very expensive. What is to stop someone from just creating their own coin that is the almost identical to it, and using it instead, so high prices are not paid for the other coin? How can all these coins maintain high values, when people can just create as many new coins as they want?

People can easily create new coins and they do none is stoping them from doing so, but the thing is is how to make it popular so its price goes up, take bitcoin for exemple when it first came out it was a new idea that is why it started becoming more and more popualr and so its price got higher, and all the other coins that came after bitcoin didn't have the same success why, because they don't bring anything new, but right now with the trnasaction time and the miner fees for bitcoin going high, new coins are coming up and saying we can do what bitcoin can't and that is providing a fast transaction time wih less fees and those coins are starting to get the attention of many users and investors.

Cant argue on the things you do said on here which is actually true, Even a 15 year old can able to make his own coin if he'd want to and copying other concepts wont really be a hard thing to do.The important thing on here is that people doesnt really pay too much attention into these kind of coins.Only unique and potential ones which would really succeed to rise up on its value exclude to those coins just being pumped and dumped out.