When devs don't even know what they are doing

iv4n

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Quote from: alexandr1115 on December 19, 2022, 01:32:37 PM

Quote from: iv4n on December 19, 2022, 12:06:02 PM

Quote from: asyakashi on December 18, 2022, 04:58:36 PM

...

The Binance blockchain is also created on the Ethereum platform. It's just that he has a different network, and nothing more. But it is also created within the framework of the Ethereum platform.

Yes, it's how Binance started, but:

Quote from: Flexystar on December 19, 2022, 12:10:22 PM

Seems like free ride for the marketing guys. Just stick a bitcoin name into your crypto related website and boom, you are all set to gain huge exposure over the internet. Specifically crypto users will start jumping into the website at least out of curiosity and to see what it is exactly and what’s the offering from them.

Just like the way we are talking about it right now. Imaging if that project had another name then who would have published it here and who would have been arguing about it ? No one!

But we are talking about it because that is kind of marketing strategy mate.

I don't think it's a marketing strategy, it's simply a choice they made regarding the development of their native token. As I could see they just started with this, maybe one day they will create their own, but for now it's easier (and probably a lot cheaper) to do it on Ethereum chain.

Quote

Bitcoin.com, a digital ecosystem and secure self-custody platform where users can safely and easily interact with cryptocurrencies and digital assets, has announced that Sale B, or the public sale of the VERSE utility and rewards token, will begin on November 1, 2022.

Source: Bitcoin․com Announces Public Sale of VERSE Ecosystem Token

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Quote from: iv4n on December 19, 2022, 12:06:02 PM

Quote from: asyakashi on December 18, 2022, 04:58:36 PM

Token development on Ethereum is much simpler. I think they have their own reasons why they chose to create their tokens on the Ethereum network. But we all know the many advantages of Ethereum which is even now the second top crypto coin because of its excellent growth.

Bitcoin.com is an exchange, they had some nice trading competitions in the past, but I don't remember they had their own token, maybe that came later. In the end, I agree with you, they probably had their own reasons to create their token on the Ethereum network, but they are not the only ones... KuCoin Shares is an Ethereum token issued by KuCoin, and I am sure there are other examples as well.

Well, not all exchanges are like Binance... with their own ecosystem.

The Binance blockchain is also created on the Ethereum platform. It's just that he has a different network, and nothing more. But it is also created within the framework of the Ethereum platform.

Flexystar

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Seems like free ride for the marketing guys. Just stick a bitcoin name into your crypto related website and boom, you are all set to gain huge exposure over the internet. Specifically crypto users will start jumping into the website at least out of curiosity and to see what it is exactly and what’s the offering from them.

Just like the way we are talking about it right now. Imaging if that project had another name then who would have published it here and who would have been arguing about it ? No one!

But we are talking about it because that is kind of marketing strategy mate.

iv4n

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Quote from: asyakashi on December 18, 2022, 04:58:36 PM

Token development on Ethereum is much simpler. I think they have their own reasons why they chose to create their tokens on the Ethereum network. But we all know the many advantages of Ethereum which is even now the second top crypto coin because of its excellent growth.

Bitcoin.com is an exchange, they had some nice trading competitions in the past, but I don't remember they had their own token, maybe that came later. In the end, I agree with you, they probably had their own reasons to create their token on the Ethereum network, but they are not the only ones... KuCoin Shares is an Ethereum token issued by KuCoin, and I am sure there are other examples as well.

Well, not all exchanges are like Binance... with their own ecosystem.

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Quote from: uneng on December 18, 2022, 03:01:28 PM

Quote from: Crypt0Gore on December 13, 2022, 04:01:29 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.

Bitcoin.com is a website where you can buy and sell different cryptocurrencies, store your coins in a wallet, trade and also gamble with bitcoin and bitcoin cash. They deal with bitcoin, bitcoin cash, ethereum, USDT, USDC. Maybe I'm missing something, but I can't see their native token built on Ethereum. And they do accept the original bitcoin on their platform, so I'm also not understanding exactly the criticize to the website.

Maybe it is just the name that they portray and not the concept itself. Even with other projects, ofcourse if you want to gather more people into your platform, you have to adjust with their demands such as with additional networks to be used on transactions. If they will solely use Bitcoin, there's a tendency that users won't be interested given how hige the fees are. Alternatives are just fine. The fact that they've made adjustments, for me, simply proves that they know what they are doing.

Quote from: asyakashi on December 18, 2022, 04:58:36 PM

Token development on Ethereum is much simpler. I think they have their own reasons why they chose to create their tokens on the Ethereum network. But we all know the many advantages of Ethereum which is even now the second top crypto coin because of its excellent growth.

For sure they have. Not only ethereum has advantage over Bitcoin when it comes with transactions, other tokens have lower fees, and faster networks. But if it is the size of community, Ethereum network is a good choice given its involvement with most of the projects in this industry.

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Token development on Ethereum is much simpler. I think they have their own reasons why they chose to create their tokens on the Ethereum network. But we all know the many advantages of Ethereum which is even now the second top crypto coin because of its excellent growth.

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Quote from: Crypt0Gore on December 13, 2022, 04:01:29 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.

Bitcoin.com is a website where you can buy and sell different cryptocurrencies, store your coins in a wallet, trade and also gamble with bitcoin and bitcoin cash. They deal with bitcoin, bitcoin cash, ethereum, USDT, USDC. Maybe I'm missing something, but I can't see their native token built on Ethereum. And they do accept the original bitcoin on their platform, so I'm also not understanding exactly the criticize to the website.

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Quote from: livingfree on December 15, 2022, 04:06:36 PM

If you've hover through the first page. I've said about the a few information about it and who owns it. Well, he's talking about a fork instead of a token on Ethereum network.

Too bad not every poster have the patience to read through all previous post before making their post. some just read the OP and make their comment.

Quote from: livingfree on December 15, 2022, 04:06:36 PM

They don't need to make one for it because we only have one real bitcoin and the others that are existing with bitcoin's name on it, they're all copy cats and they're all centralized.

Roger has always been an attention seeker, he probably knows that such a domain name will attract more attention than just going for something very simple. Just like the OP had said, it does not make sense to own a bitcoin dot com website and your project is not on the blockchain. Only Roger ver can do such a thing. Cheesy

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In this case, Bitcoin.com might choose to use the Ethereum platform to create their tokens because the platform has features and capabilities that suit the needs of the company. The use of the Ethereum platform does not indicate that the company does not know what they are doing or does not understand the basic principles of Bitcoin.

nurilham

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They know and understand very well what they are doing in this matter. however, they did it on purpose. They created the site at a time when Bitcoin was gaining popularity and growing globally and more and more people knew about it.

And what happened? most of people, especially beginners, will definitely think that Bitcoin.com is the official site of Bitcoin. Really, they got a special domain name and it's very easy to trip up and sadly very easy to remember. It's true what some people say here, this is because of the prestige of Bitcoin, so by using the Bitcoin dot com domain, people will trust and be more interested in the site, even though they don't know what they actually make, whether it's Bitcoin Cash or Ethereum or other products. like crypto exchanges. But what is certain, they get high profits from the Bitcoin dot com domain.

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Quote from: Crypt0Gore on December 13, 2022, 04:01:29 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.

This is not new, back then when the segwit upgrade was being voted and we saw the creation of many bitcoin forks there were several scammers which took advantage of this and created bitcoin tokens over the ethereum network, obviously for people like us such a thing will never confuse us, but there are many newbies out there which will buy the wrong coin because of this and they will waste their limited capital in something like this.

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Quote from: Crypt0Gore on December 13, 2022, 04:01:29 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.

People use the bitcoin name just to gain attention. Most everything is just a scam. Stick to the original bitcoin and some high end alt projects and you should be fine. Steer clear of anything that looks like a misdirection.

vv181

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They technically know what are they doing, and they know what bitcoin actually is. It is just their decision to go this way, and nothing we can do about it. I believe the name picking is merely for clout, we know bitcoin is not a corporation, they seek that domain name, to get exposure for a wider audience.

Do note that, Roger Ver, who was the CEO of bitcoin[.]com is doing shady things to its customer. Like mistakenly treated BCH as the true BTC, so people bought BCH instead of BTC. And he is known as a prominent BCH advocate. So, it is pretty naive to say they did not know what they are actually doing.

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Quote from: Crypt0Gore on December 13, 2022, 04:01:29 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.

There are a lot of people who are making a new token and they are ending up with a big loss because they have no idea. I have to also say that there is a good amount of people who are not devs, not designers, not marketers, they are nobodies with some money they found somewhere, even taking a loan, and they do a project.

I have met with a few of them, they have ended up with meeting people who knew nothing about it and took a 3-4 thousand dollars loan and they ended up with something that meant nothing and horrible and that caused them to eventually not even finish the project because that money wasn't enough for anything and that's the problem.

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Quote from: Crypt0Gore on December 13, 2022, 04:01:29 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.

It is obvious they know what they are doing OP and they use the word Bitcoin in order to easily get attention. In fact, if you will do research about Bitcoin, you can find a lot of it on the internet.
- a business strategy
- a form of clickbait

They can create their altcoins instead but they preferred to use the name of Bitcoin thinking for easy money.
But as livingfree said - it addresses you to Bitcoin Cash (BCH) which literally a clickbait for newbies who think it was the original Bitcoin.

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Quote from: vanesha on December 15, 2022, 10:40:20 AM

I can't confirm for sure why a crypto company called Bitcoin.com decided to create their tokens on Ethereum,

If you've hover through the first page. I've said about the a few information about it and who owns it. Well, he's talking about a fork instead of a token on Ethereum network.

Quote from: livingfree on December 13, 2022, 11:04:16 PM

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.

Quote from: vanesha on December 15, 2022, 10:40:20 AM

However, you have a valid point that Bitcoin.com should have created their own bitcoin coins, given their name associated with bitcoin. This is a business decision they make and may have a compelling reason behind it.

They don't need to make one for it because we only have one real bitcoin and the others that are existing with bitcoin's name on it, they're all copy cats and they're all centralized.

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I can't confirm for sure why a crypto company called Bitcoin.com decided to create their tokens on Ethereum, but maybe they have some reason for doing so. There are several possibilities, such as wanting to take advantage of unique features that are only available on Ethereum, or wanting to follow the industry trends that create tokens on the platform. However, you have a valid point that Bitcoin.com should have created their own bitcoin coins, given their name associated with bitcoin. This is a business decision they make and may have a compelling reason behind it.

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Quote from: Cantsay on December 14, 2022, 08:59:41 AM

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.

They won't become a developer if they are dumb. These devs are even more starter than us and have more knowledge in cryptos. I think the reason why they use ETH is because it has the ability to create smart contracts while BTC can't do that.

Meanwhile, bitcoin.com main functions are still focused in bitcoin and in cryptos in general. The URL bitcoin.com is a good domain name and those who are curious about bitcoin can likely head on this website but they will be surprised that bitcoin is not the only thing that they will find there but other cryptos as well. They are not luring or misleading people. Only the one that does that are dubious project.

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Quote from: Crypt0Gore on December 13, 2022, 04:01:29 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.

Honestly bitcoin.com is a BCH company more than it is a BTC company to be fair, and they are just doing silly stuff. I can say that bitcoin and crypto world in general is filled with morons, that is normal, there are a lot of naïve people as well, and that is normal, and it's filled with scammers too which is normal.

Why are these all normal? Because, we have the same people in the fiat world as well and not a shocker, if we are all doing something in the fiat world, then that's normal. Scammers in crypto? Scammers in fiat, morons in fiat world? Morons in crypto. Just because someone goes into crypto doesn't mean they change their character.

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Launching their token on Ethereum network doesn't mean they can't have their mainnet or own Blockchain in the future. What may just seem strange is if having their token on Ethereum network at the initial stage is not stated in their whitepaper and for how long in their roadmap.
Remember to do your research judiciously before investing on any cryptocurrency project.

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Quote from: Crypt0Gore on December 13, 2022, 04:01:29 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.

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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

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Quote from: Crypt0Gore on December 13, 2022, 04:01:29 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.

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Quote from: Crypt0Gore on December 13, 2022, 04:01:29 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.

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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.

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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

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Quote from: Crypt0Gore on December 13, 2022, 04:01:29 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.

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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.

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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.

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Quote from: Crypt0Gore on December 13, 2022, 04:01:29 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.

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Quote from: Crypt0Gore on December 13, 2022, 04:01:29 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, 04:01:29 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, 04:01:29 AM

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

They already have BCH.

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Quote from: Crypt0Gore on December 13, 2022, 04:01:29 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.

Topic: When devs don't even know what they are doing (Read 326 times)