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Topic: How can a new coin break-in and be a big success? - page 4. (Read 2963 times)

hero member
Activity: 532
Merit: 500
Are you like these guys?


I'd be happy to make a coin, if only for pump and dump reasons  Cheesy



sr. member
Activity: 264
Merit: 250
why do people think they can make a coin that's better than the original, using the originals work?

Because Bitcoin has limitations and disadvantages that hamper its worldwide acceptance as a payment tool:
Bitcoins Are Not Widely Accepted
Wallets Can Be Lost
Bitcoin Valuation Fluctuates
No Buyer Protection
Risk of Unknown Technical Flaws
Built in Deflation
No Physical Form
No Valuation Guarantee

I was a non-believer, until I paid for an item from a Chinese manufacturer with bitcoin online. No bank wire transfer, no exorbitant fees, and immediate transfer of payment. This can be the way all international trade can be done in the future. But only if the buyer can trust the seller will deliver, and not screw him over.

Perhaps, the biggest limitation I see is its limited supply that will end in 2140. What will happen when no more coins are minted and miners lose every incentive to keep mining? Transaction fees will not be enough to pay for expensive ASICs.

Is there room for improvement here?

Is there room for a new BETTER coin than Bitcoin?

full member
Activity: 238
Merit: 100
a coin that is actually good for something except trading and gambling would be something people would pay attention to. unfortunately, today's technology makes it impossible to create such a coin.
full member
Activity: 212
Merit: 100
Hi
by making all celebs , enterpreneurs , politicians to use that coin Tongue
full member
Activity: 168
Merit: 100
I see a lot of clones claiming "innovation."  What generally constitutes innovation?

Supp'd up apps for smart phones?
More coins than any other (or less)?
Longer times to the halving points (or more)?
A catchy name?

What's the biggest room in the world?  Room for improvement.

But what can be improved on, in respect to altcoins.  What options are there? 

Unless you have a deep understanding of cryptography and how the whole thing works, why do people think they can make a coin that's better than the original, using the originals work?

member
Activity: 91
Merit: 10
more coingen shit. what will you do when the coin forks or needs updates? Huh
full member
Activity: 212
Merit: 101
Unless it's going to be innovative don't bother.
sr. member
Activity: 264
Merit: 250
And so - like so many others - I am thinking of launching my own SHA-256 coin, and so I was doing some research and reading altcoin threads.
I see the field already very crowded. Anyone can now launch a new coin.
I considered coingen.io to get started, but saw that it has bad reviews and limitations.
- Is there a better automated way to create a coin?
- I would like to get your feedback on what constitutes a successful launch of a new coin and what is needed to create demand for it?
- Anyone out there with development/bitcoin experience who'd like to partner with me?

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