When devs don't even know what they are doing - page 2.

RealMalatesta

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Quote from: Crypt0Gore on December 13, 2022, 05:01:29 AM

Can we say they don't know what they are doing? How can you name your project Bitcoin dot come and create token on Ethereum? I belief that Bitcoin dot come should have make their own bitcoin coin.

If I am able to recall correctly, bitcoin dot com was owned by BCH team (please correct me if I am wrong) but not sure on which token that you are referring to? They managed to add one more coin/token? I remember bitcoin got the development of having its own smart contract to issue token which will use bitcoin as gas for transacting but not sure about its implementation.

Do you mean if that bitcoin dot com needs any new token then they should issue within bitcoin ecosystem?
But, you need to remember that only bitcoin dot org is the official website of bitcoin and anyone may register bitcoin related domains like bitcoin.net or bitcoin.co.uk or anything similar to that which does not mean that they are all officially linked to bitcoin ecosystem but for some reasons (it can be for scamming purposes also) they have chosen bitcoin related domain hence we need to remain cautious when visiting a new domain, that's it.

glendall

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they know what they are doing, from the moment they start implementing ideas in their heads, and introduce them to the wider community
and they just use bitcoin name only for their project and their final goal is for their product marketing/exchange

Cantsay

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Quote from: Crypt0Gore on December 13, 2022, 05:01:29 AM

Take a look at this crypto company called Bitcoin.com, the name itself have a lot to say but instead these people went and create their coin on Ethereum Grin

Can we say they don't know what they are doing? How can you name your project Bitcoin dot come and create token on Ethereum? I belief that Bitcoin dot come should have make their own bitcoin coin.

I won't just assume that the dev don't know what they are doing just because they decide to use Ethereum Blockchain to build their project meanwhile their website contains Bitcoin.
It might just be a way to market their product.
We all know know that them using Bitcoin.com as their webpage will certainly catch some potential investors attention or perhaps might just be a way to lure newbies who use little to no time to carryout research or those that ain't even willing to research on their on.
All in all it might be just a marketing scheme aiming to benefit just themselves or it might be an innovation for the betterment of their investors. No one can really tell.

o48o

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Quote from: Crypt0Gore on December 13, 2022, 05:01:29 AM

Take a look at this crypto company called Bitcoin.com, the name itself have a lot to say but instead these people went and create their coin on Ethereum Grin

Can we say they don't know what they are doing? How can you name your project Bitcoin dot come and create token on Ethereum? I belief that Bitcoin dot come should have make their own bitcoin coin.

I guess you are talking about this: https://twitter.com/WuBlockchain/status/1506606092847001608

I was sure this would be something at least somewhat innovative product and his way to spread eth adoption, but no.
It's an utility token for Bitcoin.com users and obvious money grab.
I would have understood this if they had token model to begin with but this is so unnecessary and transparent.
I am hoping they get sued for illegal sale of securities. And with their history of messing up, i would say there's a very good change for that.

Piesel

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The answer is simple those projects that copies other such as Bitcoin do that to scam and mislead gullible investors into investing in the scheme they call a project.

We have seen quite a few of that in the past such as Bitcoin cash, Bitcoin SV this is all fake projects and highly centralized, so the dev team knows what their doing and they aim to attract investors using established projects such as Bitcoin as a camouflage.

cabron

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Roger Ver knows what he is doing but he becomes a clown after his fork, he hailed himself as Bicoin Jesus afaik to which he forked BCH, it's not on ETH. I may have missed something else but probably Ver created another we don't know. Ver had been ignored in the old community anymore but he had made a tremendous amount of money when he forked BTC for BCH. There is Wrapped BCH though just as wBTC.

maydna

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You should ask the project team to find out how they came up with the project name because many of us don't know about it. But as a developer, they know what they're doing and are sure to provide more detailed explanations to those who want to know. But we really don't know what the real reason is for them to make another project even though they have done one project before, and it could be because they want to make more money Grin

Yaunfitda

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Quote from: Crypt0Gore on December 13, 2022, 05:01:29 AM

Take a look at this crypto company called Bitcoin.com, the name itself have a lot to say but instead these people went and create their coin on Ethereum Grin

Can we say they don't know what they are doing? How can you name your project Bitcoin dot come and create token on Ethereum? I belief that Bitcoin dot come should have make their own bitcoin coin.

Perhaps the people behind doesn't know about Bitcoin to be honest, and just used that domain name.

And as others have said, it's business so they have to take that name to create a token on Ethereum. And that is the sad part of crypto, it's all about hype and all the money that they can get. And this is why we always need to be very careful of the website or the project itself cause the face value might be different, just saying.

tbct_mt2

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It is not true to say developers don't know what they are doing.

Cryptocurrency is open source but developers do know what they want, what are their aims when copy code and create a clone coin. They do it with laziness and intention to scam investors easily without many initiatives in their codes.

They might not be capable to code something news and can change a world, a blockchain industry but they know what they're doing certainly at beginning and when they abandon their projects.

cryptoaddictchie

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Yes they definitely know what are they doing. They are a business company aside from being developer. Its not like they are careless on what to do and make another project without using anything helpful. Having a bitcoin affiliated name on their side is really helpful and people might considered it more exposure for their new project. Even though its deployed on any chain.

Strongkored

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They know what they are doing which is why they use the name Bitcoin because it is more memorable and when using that name in a search engine they will be able to directly refer to their website because their website is in third position after bitcoin.org and coindesk, and also the website already exists since 2008 where ethereum has not appeared (if I'm not mistaken) so including ethereum is as an expansion of their business.

mindrust

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Quote from: Crypt0Gore on December 13, 2022, 05:01:29 AM

Take a look at this crypto company called Bitcoin.com, the name itself have a lot to say but instead these people went and create their coin on Ethereum Grin

Can we say they don't know what they are doing? How can you name your project Bitcoin dot come and create token on Ethereum? I belief that Bitcoin dot come should have make their own bitcoin coin.

Would you provide us a link so guys like know what you are talking about?

What did Roger do this time? Created another alt but instead of doing it on BCH, did it on ETH? As far as I know BCH is capable of creating tokens but since nobody uses BCH there is no point in creating it there. But then, even if the CEO of BCH don't use BCH, who is going to use BCH? BCH plz...

Jawhead999

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They already create their own Bitcoin called as Bitcoin Cash, those developers really know what they're doing. They're a profit business oriented, the reason why they let people to create coin on Ethereum network is for profit since it's centralized. The official of Bitcoin site is bitcoin.org, it's a non profit business where the developer is really care with Bitcoin development without need to get paid with anything.

livingfree

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Quote from: Crypt0Gore on December 13, 2022, 05:01:29 AM

Take a look at this crypto company called Bitcoin.com, the name itself have a lot to say but instead these people went and create their coin on Ethereum Grin

Owner of that domain is Roger Ver, the one who's made the fork of Bitcoin cash. That's why even the domain is bitcoin.com, it's main purpose and bias is through Bitcoin Cash.

I don't know much about the update regarding that company and coin.

Quote from: Crypt0Gore on December 13, 2022, 05:01:29 AM

Can we say they don't know what they are doing? How can you name your project Bitcoin dot come and create token on Ethereum?

They really don't know what they're doing, they thought that they can outperform bitcoin but the reality sinks them.

Quote from: Crypt0Gore on December 13, 2022, 05:01:29 AM

I belief that Bitcoin dot come should have make their own bitcoin coin.

They already have BCH.

jrrsparkles

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Quote from: Crypt0Gore on December 13, 2022, 05:01:29 AM

Take a look at this crypto company called Bitcoin.com, the name itself have a lot to say but instead these people went and create their coin on Ethereum Grin

Can we say they don't know what they are doing? How can you name your project Bitcoin dot come and create token on Ethereum? I belief that Bitcoin dot come should have make their own bitcoin coin.

Its like clickbait, and such projects created with only intention of making money by using the term bitcoin in it.

There are lot of shitcoins are there with prefix bitcoin in it.such as Bitcoin gold, bitcoin cash and tokens like wrapped btc, etc....

ryzaadit

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You should understand, they are a "Business-company" using the "Bitcoin" name for their product.

To gain more exposure to their company, and their main product service is "Exchange". They provided not only "Bitcoin" trade but a few major "Alt-coin", they using Bitcoin word just for exposure.

It's always like that, for "Marketing" purpose.

Crypt0Gore

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Take a look at this crypto company called Bitcoin.com, the name itself have a lot to say but instead these people went and create their coin on Ethereum Grin

Can we say they don't know what they are doing? How can you name your project Bitcoin dot come and create token on Ethereum? I belief that Bitcoin dot come should have make their own bitcoin coin.

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