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?
Most people are greedy and creating their own coins to take peoples money. Some people are trying to solving the transaction fees and time issue which called as scalability. And finally, Bitcoin isn't ready to use in daily life yet, unless you are using the lightening network, but that one is also just started and a lot of testing needed.