Author

Topic: Creating our own Coin (Read 571 times)

hero member
Activity: 658
Merit: 500
April 01, 2014, 06:52:42 PM
#10
just buy one from coincreator, then mine it all yourself - set easy parameters
no, it would be better if it was proof of stake in this case since it wouldn't need to be mined

and even if it is proof of work with transaction fees, it would be better if it was premined from block 1 instead of manually mined
hero member
Activity: 644
Merit: 500
April 01, 2014, 06:47:38 PM
#9
just buy one from coincreator, then mine it all yourself - set easy parameters
full member
Activity: 182
Merit: 100
Ask me about Karmacoin
April 01, 2014, 06:39:20 PM
#8
Grin

Although it is the first of April we are indeed serious about this.

"We would want it to be 100% premined" Smiley

great idea Tongue great as for 1st of April Tongue

As far as I understand, this would be for private usage (think of things like "Facebook coins", they are not to be spent on things outside Facebook). So, in this sense, I see no problem with it being premined.

Unfortunately, I don't have the skills to help with the development of this project.

exactly. seems like they just want to own the coins and give them out to their customers. So technically they are not looking to scam
hero member
Activity: 658
Merit: 500
April 01, 2014, 05:10:29 PM
#7
Grin

Although it is the first of April we are indeed serious about this.

"We would want it to be 100% premined" Smiley

great idea Tongue great as for 1st of April Tongue

As far as I understand, this would be for private usage (think of things like "Facebook coins", they are not to be spent on things outside Facebook). So, in this sense, I see no problem with it being premined.

Unfortunately, I don't have the skills to help with the development of this project.
member
Activity: 61
Merit: 10
Freedom Farming
April 01, 2014, 01:34:28 PM
#6
premined in the sense that there is no mining mechanism as we will be the sole issuer. I suppose "premined" makes people uneasy
member
Activity: 172
Merit: 10
April 01, 2014, 01:25:30 PM
#5
I am already started developement of something similar....
legendary
Activity: 2212
Merit: 1199
April 01, 2014, 01:20:12 PM
#4
Grin

Although it is the first of April we are indeed serious about this.

"We would want it to be 100% premined" Smiley

great idea Tongue great as for 1st of April Tongue
member
Activity: 61
Merit: 10
Freedom Farming
April 01, 2014, 01:07:41 PM
#3
 Grin

Although it is the first of April we are indeed serious about this.
legendary
Activity: 2212
Merit: 1199
April 01, 2014, 01:04:22 PM
#2
1st of April makes people more creative Tongue

I like it! Smiley

Cheers!
member
Activity: 61
Merit: 10
Freedom Farming
April 01, 2014, 12:48:34 PM
#1
Hello Everyone

We are experimenting with the idea of creating our own coin for various things.

We imagine we would like to create it for store credit or perhaps a coupon like system.

We would want it to be 100% premined in the sense that the coin itself will be centralized and issued only by us.

We would like it to be entirely independent from other blockchains.

Can anyone give us humble farmers a run down on how to do something like this?
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