Post
Topic
Board Economics
Re: The Reason For Creating a New Cryptocurrency?
by
slyfox
on 12/08/2018, 02:21:18 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 engineers make a coin to profit for themselves, they couldn't care less about the long haul prospects of the coins they are making, they just think about themselves this is the reason it is getting more typical to hear individuals say things against icos since the designers and theorists are getting rich while everybody misfortunes cash and this is essentially unsustainable.
This is why I have lots of doubts about the future of icos, scammers are abusing that figure to get rich themselves and while I do not like regulation I think we are getting to a point in which regulations are going to be needed if we want to avoid more scams in the market, so congratulations to scammers once again they have ruined an opportunity because of their greed.