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.
We know that many coins are created just to make money, however there are valid reasons to have many coins in the market, one of them is that we need redundancy, if for some reason a coin disappears we need a coin that is similar to it so it can take its place without affecting the market too much, another reason is that we need competition that forces the developers to try to create the best possible coin.