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There is low barriers to entry, but Diamond referenced above at least has 3M in transactions, so it doesn't seem quite like a copy-and-paste cryptocurrency. Th
by linsomniac 9y ago
There is low barriers to entry, but Diamond referenced above at least has 3M in transactions, so it doesn't seem quite like a copy-and-paste cryptocurrency. There are 800 or more cryptocurrencies, most of them are probably junk. The top 10 by market cap are probably interesting. There are many that fit a particular niche (gaming, banking for legal pot, medical records in blockchain, privacy, smart contracts).
- chinathrow 9y agoHeck a transaction count could easily be part of a pump and dump scheme.
- linsomniac 9y agoThat's $3M in transactions, sorry I forgot the $. Yes, it could be part of the scheme, but most exchanges charge a percent or more. So it's more than just a copy-and-paste (the term for new currencies that come out without any substance behind them), if they're also spending $40K/day in exchange fees. Now, speculation is that C-CEX is involved or behind some of these bogus coins, so you gotta look at what exchanges it's on. Diamond is on Bittrex, which seems to be on the up-and-up.