Ninjastic
PostEdited versionsQuotes to this post
Post
Topic
Board Altcoin Discussion
Re: why are there so many coins and the reason why some developers failed
by
Silberman
on 06/03/2022, 21:14:30 UTC
Quote from: trendcoin on March 02, 2022, 11:26:37 PM
Quote from: Edith1994 on February 19, 2022, 09:22:16 AM
...
Most developers have only one vision which is making money that is why many coins doesn't grow and they failed because they didn't see the vision ahead.

I generally agree with your views. Most cryptocurrencies do not have a sustainable economic model. A good project should be financially self-sufficient (It should create its own ecosystem). However, as we have seen, most cryptocurrencies try to enter the market by selling dreams. In this case, disappointment for investors is inevitable. We are experiencing very natural things. Getting a rabbit out of a hat is the magician's job. Such things do not happen in real life. Smiley
It is because of this that buying coins that run above a blockchain of another project is a bad idea, after all they are not creating their own ecosystem and instead they are relying on the ecosystem of another coin, but why do developers do this? And this simple to know, developers do this because this is faster, and since they do not really care about the development of their project at all then they try to rush the project to the door, so they can get financial support from the community as fast as possible.