Post
Topic
Board Economics
Re: The Reason For Creating a New Cryptocurrency?
by
slyfox
on 30/07/2018, 22:35:58 UTC
The growing development of cryptocurrency in the world becomes a very positive thing in this digital era where the use of blockchain-based technology becomes real. However, in my mind, being questionable is actually the reason that many people make and create a new crypto currency?
Most developers create a coin to make money for themselves, they do not care about the long term prospects of the coins they are creating, they only care about themselves this is why it is getting more common to hear people say things against icos since the developers and speculators are getting rich while everyone losses money and this is simply unsustainable.