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RE: There are currently 972 cryptocurrencies! Ridiculous! Or not?
And how much more don't get listed at all...But limits are bad, so why not let everyone make their own coin, something good will stand out...
If you are going to buy something do research on independent forums, check total supply and inflation rate
I believe by not having a limit of some kind a lot of money and taken gets wasted on projects that will never even get fully build.
If there would be a limit all resources would go into those cryptos and they would have a much higher chance of going live.
I believe it would accelerate development.