Post
Topic
Board Altcoin Discussion
Re: Do we Need Altcoin?
by
Blondoar
on 25/11/2018, 20:38:31 UTC
I am not against innovation, because it is totally necessary for any economy, the problem comes when you create many alts that are the same, for example, we already have bitcoin cash, bitcoin, now a new fork, then dash and although they have slight differences, practically have the same purpose.

In my point of view there are too many altcoins on the market. This is not a problem or maybe this is a problem for young inexperienced users. In any case these small unknown cryptocurrencies will fade away within the time.
They will, of course, vanish, but we still need altcoins for developing ways of using the technology of crypto and blockchain.

The vast majority of alts will not survive because the platforms they operate on will not survive, either because the team doesnt manage it well, because the bear market takes too long so they run out of money, because a competitor is better, ...