Quote from: KenyonCarter on November 02, 2018, 02:41:46 PM

Quote from: Mkpez on September 11, 2018, 02:24:01 PM

With recent market situation, I begin wondering why creating more coins. Does it means that if all effort is put on bitcoin, the community will not achieve her goal? If that is true, why not we maintain the existing ones to enable them have more stability and gain global recognition.
Some of the said coins are duplicating functions, why not merge coins with same functions to enable the community grow faster.
Currently some investor are passing through hard times and if all our effort is targeted towards the first 10 or 20 widely known coins, their standard is maintain, investors will be happy.

Well honestly we do not know that more coins are being created for what reasons but with coins like Paragon, Stellar and Ripple, it is better to invest in them.only.

I think the reason is to earn money because companies continue to create a coin to compete and offer much better services and this is form of business but some of them are created to scam greedy people. And that is why people or investors should be more picky for a coin to invest.