Very Good Points! Still is a unique Idea and unfortunately we need to go thru the fake ones to get the legitimate coins that will improve upon the blockhain!
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Very Good Points! Still is a unique Idea and unfortunately we need to go thru the fake ones to get the legitimate coins that will improve upon the blockhain!
True. It is like free speech. You gotta take the bad with the good and hope that people will know the difference.
However, with many people learning how to start coins etc, the whole community raises its level of understanding and insight around blockchain
But does that change the fact of an alt being a shitcoin in terms of actual value? Feeling good may be valuable--but is it stable?
The main value most shitcoins has is in their low market caps, making them easy targets for pump and dumps. A tiny amount of money and effort going towards a social media campaign, slowly accumulate holdings, and then unleash the flood once you start pumping the price up and leave clueless people holding the bag. People are making digital billions at the expense of the less-connected, under-educated masses.
That is speculative value... But many altcoins have inherent value and will endure as mediums of exchange and stores of value.