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RE: Why are there so many alternate coins (alt coins)?
It's the free market. I was watching a youtube video and they were joking about the future with all the bitcoin hard forks. The future will have biteth ethbit bitethgold cashbit ethbit biteth2x. People will select the winners and the losers will fade into the past.
These forks really need to stop. It's getting excessive and creates unnecessary uncertainty in markets.