Topic: Let's create some Ethereum clones - page 4. (Read 1738 times)

We are about to be making Tokens and Blockchains. Starting with Steem-Engine Tokens and TRON Tokens.

STEEM held in March 2020, is in a BLURT account at Blurt.blog with the same Username and Pass.

https://bitcointalksearch.org/topic/the-socialgraph-blurt-blockchain-project-graphenesteemit-clones-5283079

BLURT is creating a Turnkey Steemit Clone Tool

If I am right these topics are talking about how we can create our own Blockchain that’s exactly like Ethereum (maybe ERC-20 tokens)? If someone creates an Ethereum clone what exactly are they going to be doing with it?

Unless you have some good plans or idea that you want to create, if not, then creating more of these tokens when we already have so many of them that are heading to nowhere is of no use. And there is a similar thread, I don’t know if you’re creating your own that’s unique or you’re copying from the one we already have in the forum.

This is a good guide but obviously some people will find it difficult to follow the guide to the end because some way to create crypto is some how complicated to some new users that just joining the forum. I think they need some steps to follow to be master to all guide.

there have already been many forks of ethereum as well as bitcoin but let's say that a very low percentage of these new altcoins have been successful on the market, why create a clone? better to create a new altcoin with innovative features with real outlets on the market as it is possible to do it at very low cost, all you need is a winning idea

There are more than enough eth clones of the market. Most of them are already dead for years. Why we need another one?

STEEM code
https://bitcointalksearch.org/topic/annsteempow-no-ipo-no-premine-no-instamine-relaunch-1410943

Prospectors (PGL) Group on Facebook. The first ever game where the In-Game Gold is also a Real Life Cryptocurrency. Did you ever want to Mine Bitcoins, but it was too complex? https://www.facebook.com/groups/1842111635924474/ 


This is everyone in the World's chance to Mine Cryptocurrency by Playing a game

EIP 1167 has made cloning Ethereum Tokens drastically cheaper, and we will be teaching people how to launch them here and this group will be a place to spread Tokens before they launch. So PGL can create an entire Ecosystem.
https://github.com/ethereum/EIPs/blob/master/EIPS/eip-1167.md

There is about to be a change in the Crypto world.

When Satoshi released the SHA algorithm, it was going to be used by a Corporate entity, but they would have had control of it.

Because he released it Open Source, people were able to vote of edits, etc. And to clone and fork it.

Then someone created Scrypt, a whole new algorithm meant to get away from the old Butterfly labs ASICs. That is why the first Scrypt coin was Litecoin. Soon after was Feathercoin, then the ASICs got in.

PeerCoin was the first Staking Coin, then Bitshares created a cloud type Entity, a DAO, and Assets on a platform. Then Ethereum ramped that up to the next level. Then EtherDelta was hacked, and Ethereum Forked, Ethereum Classic is the original Ethereum. Then the Bitshares people made EOS.

Now, what is going to happen next started with Steemit, and a few similar Currencies. What happens next is people get paid for engaging in websites, or with a corporation. The User Experience and desire to make a better UX in almost every company almost demands this. And on a non-Profit level, the Government could fuel a Blockchain, running their websites, etc, on Public Mining and Public engagement and pay the Public. The Post Office could let you mine for STAMP coin. At McDonalds you could peel a sticker and redeem 100 McD Coin. Political Candidates could have AOC Coin, Trump Coin and Biden Coin. There could be a whole Twitter website on a Blockchain called Congress.

Or, you could make a Forum, and pay people for posting.

So, just to point something out that Pop Culture doesn't realize yet. And this is the "lost key" to Crypto that everyone used to understand but forgot about BTC.

@prospectorsgame has like 1000 users max. Probably like 150 or less. There are 7 Billion people left on the planet.

Currencies, both fiat and crypto, don’t actually contain any value they simply represent value. They are called Trade Instruments, meaning, instruments that facilitate trade. Stocks are an example of trade instruments that aren’t money, they have no actual value but they represent a share of a company and the company itself does the work that turns the profits that gives a share its theoretical value. All trade Instruments work along the same lines: Fiat is traded by banks and Foreign Exchange companies, Stock is traded on Stock Exchanges such as the New York Stock Exchange and Cryptocurrencies are traded on various Cryptocurrency Exchanges. All of their values are representations of real things, for example Stocks Represent created and distributed goods and services by a particular company, while fiat currency represents created and distributed goods and services of a nation. Both change based on industrial/technological/scientific/developmental/etc. advancements within those companies or nations, as well as various factors such as trade volume and inflation. It is best to trade your trade instruments at the highest value possible and use them to buy real items, such as: Precious metals, Livestock, Software, Machines, Produce/Seeds, Land, Realestate, etc and then use those to get more trade instruments.

Trade volume is how many people are buying and selling a particular currency or stock. The more people who are buying it, the higher the value will rise.

An example of Inflation is when the United States starts printing too much money. When this happens a dollar starts being worth less, which in turn means it will take more money to buy the same materials. For instance, if you go to the store and one day Milk is $3/Gallon but then you go a few months later and notice it is $5/Gallon, this is because of inflation. Inflation also drives things like the minimum wage and social security checks, which are usually based on the cost of living. Cryptocurrencies with no cap will eventually inflate into eternity and lose value, unless they have a high trade volume.

Supply and Demand is the comparison of how many people want something against how many their are of that thing. For example, when Apple creates a new IPhone the value is higher than it really should be and as the technology slightly or drastically ages, the value goes down.

A Whale is a person who has a large quantity of a certain trade instrument and uses that to effect the markets. For example, if someone has 51% of a particular stock they could either sell them all quickly which would bring the value of that stock down, or they could hold on to all of them which makes them more rare and makes them more valuable.

Bubbles are when something is artificially high in value, 2 examples of this are: IPhones as mentioned before, and Gasoline. Gasoline raises in value based simply on the speculation that “one day we might run out”, this creates bubbles which raises prices. But Gasoline will probably be replaced by ethanol before it ever even gets close to being used up.

Look at different exchanges- Sometimes you can get more on one site than you can on another site, for the same coins. And sometimes you can even buy coins on one site and sell them on another site for more. This works better when you are trading Crypto to Crypto rather than Crypto to fiat.

Use coins to create goods and services- Don’t just use coins to buy random things, buy software and other goods that you can use to produce things or spend them on things like textbooks. Create a product if you can.

Promote your favorite coins- If you have a favorite coin and buy some, don’t forget to share it on social media.

Create a currency- Satoshi gave out the Bitcoin source code so that people could make their own currencies.

Create an exchange- Transaction fees can earn the owners a lot of coins and you can help fledgling altcoins by offering them on your exchange.

Don’t buy above spot- If you are trading coins for precious metals, check the current global value of that metal and buy as close to that value as you can.

Invest in foreign countries- Don’t think America is the be all end all.

Politics

I am going to start with Politics. Politics can effect a nations Currency or Stock Market. For example, when Mosul was taken over by ISIS and all of the Gold in the Bank of Mosul was taken, and the Investment Opportunities went bleak, their Money became much less Valuable, even though after the fall of Sudam Hussein the British Government just printed the Country of Iraq new Notes. The opposite of that can be seen in 2 ways, and that situation can also be compared to the effect of a Cu-De-Ta on the Currency or Stocks. But the opposite would be Vietnam, who had a Civil War that America got way too involved in, and then at the end opened up their Markets and their Currency did well and Investment in Vietnam continues to be good. A Similar effect is Trump. The people with a lot of Money and Stocks and Companies on the Stock Market in America, all just got Tax Breaks, so they are willing to spend more, and take bigger risks, and they all trust Trump not to do them wrong because he came from the same Environment as them.

Then, an example of something similar but not exactly the same, is Brexit. When Brexit happened, everyone panicked. Stock Markets dropped in America, as well as Britain and Asia, and then the British Pound went down in value. That was not good for Britain, because anyone with savings, or anything, had money that was worth less than it was the day before on the Global Market. But that was good for everyone else, because you could buy British Pounds, and you would get more of them than usual for USD. So you could go on vacation in Britain and get things for Cheaper if you were starting with USD. Or, you could buy British Pounds and wait for them to go up in value.

So that is how Politics can effect the Economy. And it is the same for Cryptocurrencies. You can move back and forth within Markets, and there are situations that hurt and help coins from within and without.

Bulls and Bears


This is a lot more simple than people think before getting into it. Bulls strike upwards, with their Horns, so that represents someone who makes money buying Stock when they see that a Market is doing well and is likely to do better. That way they can make an investment, and it is likely to go up and they can sell soon after and make a profit.

Bears strike Downwards, with their Paws and Claws, that represents someone who makes money as the Market goes down. So when you are scared, because you spent $5 per Stock or per Coin, and now it is $4, and you want to get out before you lose any more money. The Bear will buy your Stock, or Coin, and will wait for it to go back up later. So he profits on the Fear of others, or on temporary situations like Brexit, etc. A Bear doesn’t look for a Stock that is doing good and will do better, a Bear looks for a Stock that has done good long term, and is not doing well at the moment, but is likely to bounce back.



Another example of “being Bullish” would be buying stocks in Companies like Apple, or Google, and just waiting for them to go up at some later time. Or investing in a Company like that early on and holding until it goes up.

And another example of a Bear Tactic, other than investing on the way down. When something is on the way down you are invested in, you can sell at the top of the drop, then invest in something else for a short period; and that may even go up while the other stock goes down. Then reinvest in the Stock you were holding before, with the higher amount of money you have from the Stock that either retained its value or went up.

Then that brings us to the Bear Whales, Buy Wall and Sell Walls of the Cryptocurrency World. A Bear Whale is someone who has maybe 50,000 or 100,000 Bitcoins, maybe more, and they decide they are going to drop 50% to 90% of that on the market, to kill the “Buy Wall”. A Buy Wall is all the people who have said “I will pay X price” but that price was below the last price that it was sold for on the Market.

So say I am selling my Coins, and I want $1 each, but you put a Buy Order up for $0.90 cents each, I might sell my Coins to you. But if there are 5,000 people trying to buy it, they may have Buy Orders at $0.99 cents, and $0.98 cents, so your $0.90 one may take a long time to get filled, or may never get filled if the coin goes to $5 each, and $10 each. But if someone comes on the Market, and drops enough Coins on everyone to get to $0.90 cents, and even $0.80 cents, and $0.50 cents. That scares the shit out of everyone, and they sell their Coins, which makes it worse, because now they are selling into the Buy Wall, and dropping the price even lower.

And the Bear Whale buys all your Coins at the bottom, so instead of 50,000 or 100,000. Now he has 200,000 or 1,000,000 Coins.

Just as an example. If the Bear Whale starts sales at $1, and you have a buy order for $0.95 cents, and he sells to everyone that wants Coins for $1, and he sells down to you at $0.95 cents, then sells down to $0.80 cents. You might sell your Coins to him at $0.80 cents out of Fear, and he may have sold that exact Coin to you for $0.95.

And if you were buying $500 worth at $0.95 cents, you might sell all of those to him at $0.80.

It is about 1 BTC or about $9000 to list  a Bitshares asset

There are already too many shitty projects, please not creating more

So coming up here soon I am going to get a small network together, of people creating tokens, using PGL for Capital and either Bitshares Assets, Ethereum Token Clones, EOS Tokens, or some other Token platform like Tokenlab on EXP.

Then there will be an entire economy and not just PGL

Someone should put Voting on a Blockchain, and instead of using the Coins as Voting Tokens, make it where if someone can prove they Voted they get a 1 Vote Coin or whatever. Then it would work better. Voting would be secondary like a dApp on the Blockchain.

State by State, Party by Party, etc, a new regular use for Blockchain everyone can earn money Voting

Oh please, NO! see what happened when people thought of this same thing, and made a shitty coin out of bitcoin; Bitcoincash. That coin was a mistake and we do not need something like that again at this point please. Ethereum is more good enough for us, and as such, let's just stick with it please.  no more clones. thanks.

very soon we will be getting started here, Sept 1st we will be able to make tokens using the CETH platform