Quote from: Tipstar on Today at 04:58:31 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's a free and unregulated market and it's both good and bad. It's always good to have more options but people and developers would also get divided for gain of individual project which may diminish the overall motive of cryptocurrency.

Open for all and it's good in the sense that investors will be able to pick which project are suits for them, while also considering the
negative implications where it will divide thoughts about existing market if there are lots to choose from.

Quote from: Tipstar on Today at 04:58:31 PM

With so much divergence on crypto, enterprises and government would soon dominate the crypto share of market as they have the capacity to bring better tech on crypto and advertise.

This can happened, big businesses and government can takeover and dominates as they have the rightful resources to take advantage.