Quote from: BrewMaster on September 06, 2019, 03:48:32 PM

Quote from: mjglqw on September 06, 2019, 03:39:36 AM

So.. if I found the right website, Akon is creating his own coin, Akoin. From their website[1]: "AKOIN IS THE EXCLUSIVE CURRENCY OF THE AKOIN ECOSYSTEM". Great, another unnecessary coin. I'm not saying that Akon is a bad person, but if he really wanted to help, pretty much every use-case indicated on their website can already be done using BTC and ETH. I'm guessing that some people just proposed this idea to Akon and asked for permission to use his name. Pretty much the same with Manny Pacquiao's PAC token.

[1] https://www.akoin.io/

unfortunately that has turned into a trend for a couple of years now. basically anybody who wants to make a ton of profit starts creating an unnecessary coin and makes money from that. they use excuses such as "helping the world" or solving some imaginary problem to do it too.
and they are going to keep doing it as long as it is profitable. if people stopped buying these useless coins, we would have never seen the altcoin count enter 4 digits let alone reach 3000!

I don't think it's going to be the trend much longer. It's only people who don't get it that the situation has changed significantly that are still trying to succeed by creating their own coin. The current tendency seems clear to me: Bitcoin is recovering, altcoins are dying. It's a greedy and also impractical move these days to make one's own token and rely on it. It makes more sense to adopt Bitcoin or at least one of the main cryptocurrencies. It's great if Akon is really trying to bring electricity to people, but I think that creating another token when there are already so many of them was a mistake.