Yeah, maybe you're right,
So, what ?
Next time please stop wasting time supporting altcoins that don't bring anything substantially to the table. The less altcoins there are, the better for everybody. Money will flow to a few good ones again and create an uptrend. Everybody will earn some money that way and crypto as a technology will grow. Now cryptomoney is dilluted over thousands of shitcoins which is a shame. It makes us all look ridiculous whilst we're dealing with a serious subject and technology here.
Many altcoin everywhere
So, can you tell me, what the sign that an altcoins is shitcoins ?
Well you can you pretty much assume 99% of all new coins are crap. Most of the times they just copy/paste other coins with a new name and change small things like:
- Total amount of coins, which doesn't have any influence beyond a 'marketing thing'.
- Or they say it's a 'community coin', meaning dev has no idea what he's doing, he only bought himself a copy/paste coin and expects the community to do all the work
- Active dev, whatever. There are loads of them, doesn't make you unique
- a fancy wallet skin. Like that's gonna disrupt anything...
Look at the ones with a real competitive value proposition. Coins that really distinguish themselves from others based on:
- a functionality that people really need and want
- a technology that is completely new and really brings innovation that, again, people need and want. Not just another way of 'coding' that isn't that important.
- And most important of all, it needs to be the first one to do it or the second one that brings a good and relevant improvement. All others are not neccesary. So first mover advantage or the best 'frog leap'. For example, Monero to the cryptonote protocol.
I've seen lots of good coins that meet your parameters that weren't scams that die anyways. The only thing that a good coin needs is to work properly and have enough people interested in it to mine it and trade it. Besides, 10btc and a good pump bot can make any shitcoin the new thing. All people want is for it to make them BTC anyway.