bitChipper
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June 29, 2018, 05:37:45 PM

But if most altcoins are scams then that would mean there is almost 135b dollars propping up all these alt-coins. That's more than half of all the money in crypto, how am i supposed to believe that 60% of all the money in crypto is that clueless and invested in scams?

I can create a cryptocurrency with 100 million dollar market cap with $1.

1. Create crypto

2. Pre-mine 100 million coins

3. Wash trade a single coin on a shady exchange in Korea or China for $1.

4. Boom, $100M market cap.

You could probably get passed step 1 considering you are code savy enough, I am not a developer but I imagine it's a lot easier to create a crypto than I think.

But if you just pre-mine a bunch of coins how would you ever get support from anyone or get listed? Who would support you're chain? You would have to be the only one mining it so it would cost a heck of a lot more than 1$.

I just think altcoins don't get enough credit, I wonder how many crypto enthusiast were brought in being exposed to a an altcoin first rather than bitcoin ?