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.
I think the one of the main reason why many are creating some coins is just because they want to destroy the other coins and they want to be the top of it. Because when the coins that they are creating became mainstream they will earn more money. It is just all about money why they are creating more coins.