Post
Topic
Board Altcoin Discussion
Re: All Alt Coins are a scam.
by
Clara.Wilfred
on 09/05/2018, 07:01:31 UTC
Well this is what the insightful Tone Vays claims...

He claims that ETH, DASH, shit 99.5% of all the ALTS are scams and the only coin that will survive is Bitcoin.

So l guess we should all sell our Alts now!

I don't think all alts are scams. A really interesting thought experiment on the necessity of alts was this. It centred around the creation of incentives. One argument is that all these alts could be done on either Eth or Btc in future so why create your own projects. Its because of the incentive structure. If you are successful launching on a parent coin you will probably register a tiny blip in terms of value increase. Launching your own coin incentivises a team to drive new innovation because of the potential for the price to appreciate. Driving innovation that otherwise wouldnt exist. Money talks