Quote from: bussybuddy on Today at 01:40:15 PM

Quote from: bttmember on Today at 12:17:13 PM

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?

It is an open market and mostly new projects come up with the slogan of being better than the previous projects but i do agree that there are dozens of projects and coins that were not even needed and that is why they have suffered to maintain any kind of position or value in the market.

New projects only copy from old projects. That's why we see so many new projects appearing every day, but their goals are exactly the same. After a while, new projects will die and collapse

Youre right, new projects are copycat of some old projects they only upgrade the project but still the same shit and scam project, different in name but same agenda, conduct token sale and then abandoned the project.