Quote from: tiang_tower on Today at 10:40:58 AM

Quote from: CryptoDost on Today at 09:55:59 AM

Do you ever wonder why there are many altcoins today? I was just thinking that since the main objective of cryptocurrency is to ease payment. Why would people create so much altcoins when people can only use bitcoin as a payment gateway? Are the founders of every altcoins creating their token for money?

Yes, the founder of each altcoin creates their tokens for money

I can't agree less, every altcoin project is created to make money as the principal aim, the project aim is just a secondary aim. However, if only BTC existed, it won't make much sense and by now the Bitcoin network will be super clogged. Also if ETH didn't come to existence, there won't be anything like smart contracts, think about it 🤔. My issue with altcoin projects is that most team members keep launching new projects for money, with no intention of bringing in something new or revamping the traditional system.