How to create your own cryptocurrency?

bitmover

legendary

Activity: 2352

Merit: 6089

bitcoindata.science

Quote from: muhhentuhhen on September 03, 2019, 11:57:34 AM

For example, you have a game server and you need to create a game currency or really want to earn.

So you pretend to make money by making your own currency?
Everyone wants to earn. But people need to earn in an honest way, not by cheating others, creating some pyramid get rich quick scheme.

This is the reason I said, why the hell you want to create your own currency? Just to get people from the others?

Quote

I do not see here anything that can be a threat to existing tokens and BTC.

No threat to BTC or tokens, it is just a threat to other people, naive people (who wants also to get rich quick without effort).

muhhentuhhen

full member

Activity: 352

Merit: 100

Quote from: bitmover on August 27, 2019, 03:31:46 AM

Quote from: Henri Cartier on August 27, 2019, 12:02:59 AM

I was reading an article about how to create our own cryptocurrency. I felt this article would help many crypto enthusiasts who are looking to create their own crptocurrency.

Why the hell a crypto enthusiast would want to create his own cryptocurrency?
Have you ever thought that you need your own currency for anything?

I consider myself a crypto enthusiast and I never wanted to create my cryptocurrency.

I see that too many people are trying to get rich quick here..

Gosh, it can be explained easily. The reasons to make your own cryptocurrency may be different. For example, you have a game server and you need to create a game currency or really want to earn. Also, creating a cryptocurrency is a great way to get acquainted with its internal side and thoroughly study its features.

I do not see here anything that can be a threat to existing tokens and BTC.

cosmofly

full member

Activity: 532

Merit: 100

PrimeDAO - An Adoption Engine for Open Finance

but it seems we need IT knowledge. I think it's quite important in writing code to run the blockchain.
Besides, we need a great idea and have a high demand for that kind of service. It will be something that can help us call capital more successfully and sustain the business in the long run.
Hopefully this article will help with good start ups.

qweqwe2121

member

Activity: 630

Merit: 13

Crypto ✪ Enthusiast

I suspect, only this way scammers can get millions of dollars? making their coins, fictitious teams and projects, whitepaper copies, how does it not seem like there is no special expertise to make this coin. I hope this will not be a way for Crime.

Ranly123

full member

Activity: 952

Merit: 104

★777Coin.com★ Fun BTC Casino!

Quote from: FireBallex on August 27, 2019, 12:42:49 AM

I just really hope that creating cryptocurrency is not opened to everybody,this is really affecting crypto and this is why we have too many shitcoins,the more easier it gets to create own coins the more scam and shit coins will continue plaguing crypto..

Building coins and tokens should have been for only those who are qualified not for everyone

You're right, it should not be opened for everyone for it will be prone to abuse. Also if everybody knows how to create cryptocurrency tokens, there will be instances that scams will be rampant and it will be unavoidable.

Jpti

member

Activity: 560

Merit: 10

Why the market needs more cryptocurrency? There are already enough coins available in the market, and the number is not enough? I do not take the issue of creating cryptocurrency lightly? It is a serious matter and only taking the issue seriously will lead to a success. Taking this issue seriously will help eliminate shitcoins from the market.

Ben Shedly

member

Activity: 242

Merit: 10

CurioInvest [IEO Live]

Why create your own cryptocurrency? Are there really so few of them in the crypto market? There are already more than 2-3 thousand different coins and tokens, is this not enough?
I believe that in the crypto market there are enough coins covering various areas of activity, and you need to think better about how to improve the quality of their management and increase the number of investments in the crypto market.

GGmith

jr. member

Activity: 394

Merit: 1

to be honest I really like the world of cryptoqurrency but I don't want to make my own coins. make it easy but difficult to develop. do not have to go far, for example many projects have large corporate partners, they launch their own programs and may not even be able to develop tokens correctly especially if you want to develop your own tokens. need careful preparation

lixer

hero member

Activity: 2688

Merit: 588

You have tried, but honestly, this type of article, I don't think it is relevant for public consumption because this should be limited to few people and those people are the one that should go about looking for it, but not as you have displayed it on a platter of gold now, there are some intending scammers that has been limited because of their lack of knowledge on how to go about it.

Seeing this article, they have full brief on how to go about it now, and I think it would be a bad thing for the crypto industry if everyone starts going into creating lots of shitcoins, then out of 100,000 coins, you will hardly see 10 that is genuine, because like your second paragraph said, they can make money through it. me I feel that it is when you have a project to establish that you should go about thinking of this.

Henri Cartier

full member

Activity: 236

Merit: 117

Hope it might help altcoin users! Thank you.

Henri Cartier

full member

Activity: 236

Merit: 117

Quote from: terizla on August 27, 2019, 12:18:18 PM

Quote from: ?? on ??

I think this is wrong place for posting this....
How can this help any Beginner Huh

Topic should be moved to offtopic or some part of shitcoin sections

Well, this true
For what Newbies create own cryptocurrency ?
Most of Newbie in here is always focus on earning.

Not only Newbies, there are many people have desire to learn how to create a Coin? Recently, I read a thread where I came across a Hero Member @cabalism13 who wrote in his thread that he want to learn about a coin. Refer this thread posted by OP - https://bitcointalksearch.org/topic/m.51990410

>> Not only this there are many people who has desire to learn how to create their own crypto. So only I created this post. Though if they do not implement it atleast they can learn how to create a coin.

Quote from: dkbit98 on August 27, 2019, 05:53:15 PM

Will moderators please move this to proper altcoin section,
because maybe creator don't know how or simply will not do it himself?
I see it pop up again and again

It doesn't matter where it is posted but it is important that people learn from it. It would help anyone who is interested to learn.

dkbit98

legendary

Activity: 2212

Merit: 7064

Will moderators please move this to proper altcoin section,
because maybe creator don't know how or simply will not do it himself?
I see it pop up again and again

hugeblack

legendary

Activity: 2688

Merit: 3983

If everyone starts to create their own money it will not have a value, creating your own currency will lead you to waste your time and investments.
There are thousands of shitcoins but their real value is zero, why pay for you while I might be able to create a new currency through some Youtube learning code and a few dollars.

LTU_btc

legendary

Activity: 3234

Merit: 1375

Slava Ukraini!

So, there is still not enough shitcoins in the market? Imagine what if every crypto enthusiast would create their own cryptocurrencies? 99.99% of such coin projects will fail just after first step. It's not become rich quick scheme. If you have no idea what you're doing, you will simply fail. I see only one benefit in this topic - making your own currency may be good education and you can learn something from technical perspective.

terizla

sr. member

Activity: 554

Merit: 271

Quote from: ?? on ??

I think this is wrong place for posting this....
How can this help any Beginner Huh

Topic should be moved to offtopic or some part of shitcoin sections

Well, this true
For what Newbies create own cryptocurrency ?
Most of Newbie in here is always focus on earning.

And this topic is full of text and no one image. This is just copy from website and add source.

Henri Cartier

full member

Activity: 236

Merit: 117

Quote from: Henri Cartier on August 27, 2019, 12:02:59 AM

Why the hell a crypto enthusiast would want to create his own cryptocurrency?
Have you ever thought that you need your own currency for anything?

I consider myself a crypto enthusiast and I never wanted to create my cryptocurrency.

I see that too many people are trying to get rich quick here..

Thanks for your comment. It is not about getting rich quickly, it is the passion or interest to create your own cryptocurrency. Not everyone would like to have their own currency but there are people who have interest and wants to showcase their coins to the new members, for them this article would help.

bitmover

legendary

Activity: 2352

Merit: 6089

bitcoindata.science

Quote from: Henri Cartier on August 27, 2019, 12:02:59 AM

I was reading an article about how to create our own cryptocurrency. I felt this article would help many crypto enthusiasts who are looking to create their own crptocurrency.

Why the hell a crypto enthusiast would want to create his own cryptocurrency?
Have you ever thought that you need your own currency for anything?

I consider myself a crypto enthusiast and I never wanted to create my cryptocurrency.

I see that too many people are trying to get rich quick here..

Rikafip

legendary

Activity: 1722

Merit: 5937

Before creating a new cryptocurrency, please first ask yourself do you really really need your own cryptocurrency for the idea you are working on. In these last few years we saw numerous projects that are not adding any real value, and that they don't have any real need for cryptocurrency, but decided to do it anyway just because it is popular to put the word "crypto" and "blockchain" somewhere in order to attract investors.

We have seen tokenization of practically everything , leading to that ICO bubble, and that ended up with people loosing hundreds of millions of dollars.So please, if you really don't have proper need for token/coin, don't go that path.

Jurrasic Park quote fits nicely here

''Your scientists were so preoccupied with whether or not they could, they didn’t stop to think if they should.''

DdmrDdmr

legendary

Activity: 2338

Merit: 10802

There are lies, damned lies and statistics. MTwain

Creating a Token is not that hard, and there are plenty of threads here that show you how to do it for a few dollars, such as this one (on the ETH network): BEGINNER FRIENDLY GUIDE] Launch your own TOKEN in a few simple steps!. Being so accessible in terms of effort and cost is one of the drivers for the amount of scam ICOs that surged over the past couple of years.

Creating your own underlying blockchain is a different matter, and requires a great deal of technical knowledge, thus most ICOs go for a quick ERC-20 type token that can be created pretty easily.

FireBallex

member

Activity: 462

Merit: 19

I just really hope that creating cryptocurrency is not opened to everybody,this is really affecting crypto and this is why we have too many shitcoins,the more easier it gets to create own coins the more scam and shit coins will continue plaguing crypto..

Building coins and tokens should have been for only those who are qualified not for everyone

Topic: How to create your own cryptocurrency? (Read 319 times)