Bitcoin Forum

I am considering to create a cryptocurrency, however, let's say we do a successful airdrop and 10,000 people have our token. How do we build an infrastructure so they can use them? I don't understand what the point is when 99% of cryptos have zero purpose (including the most popular ones). For example, Litecoin is accepted almost no where. Why does anyone even want it?

Bitcoin isn't a bubble, but most of these altcoins are.
Some people just hope that their altcoin that may or may not have a certain improvement will be able to compete with an already established cryptocurrency like Bitcoin. The point is that if you want to have something that competes with an established system, it needs to be a multiple times better, not just have a possible improvement in a single field.

Different features for different currencies.

it has very good features. money we have to see because it is visible but bit coins are not like that. and we have to transfer one person to another person bit coins and buying selling can also do with bit coins. so bit coins has good future. and its value increasing day by day. who can think different their future like that people may can easily understand what is crypto currency and it's usage.

There are already Tons of altcoins on the Market. If your coin is mostly copy/Paste from another coin its pretty senseless to bring it Out.
98%+ are useless and nothing Worth.
You need to fullfill a Lot of consumers wishes with your coin to make t widely accepted.

In my opinion there is absolutely 0 purpose for most of the crypto's out there. I heard 98%/99%, I'd say it is higher. If your coin is a means of transacting value in a network, why not build the network and use BTC/ETH? There are very few legitimate goals for new crypto assets or currencies besides of course fundamentally improving on the technical aspects of BTC/LTC/ETH etc. I am very interested in your own idea for a currency, would you like to share it with us? I would be open to lend an open mind. PM me if you do not want to make your idea public but would still like an extra mindhand ^^

Sorry for the slight offtopic, I still hope you can get something out of my response

There have always been legit reasons to do this, but they have rarely been used. Charity and donation collection, a coin that supports a specific cause is nice, but abused. Private organizations can use a coin, but that is barely touched. Specific assets for games and apps is touched a little, but hard to control the scams. The biggest reasons would be the implementation of new tech, new algos and new reward structures.

That happens pretty often, but the process gets lost in the mis-trust and the fact that these devs do not have the business help and support and may produce great code, but lack the knowledge to get support behind it.

What? Litecoin is accepted almost nowhere? Have a look on coinmarketcap and you see, where Litecoin is accepted.
If you are developing a new coin, you should have a good project behind, place it on as many exchangers as possible and allow decentralized wallets or create a token on ETH so that you reach all OS, also the mobile.
Almost all wellknown alts, I have watched for years, have continuus uptrends for example Dash, Doge, ETH, Monero and even Curecoin and Gridcoin.

All of this "money" has no value, not even the dollars in your pocket.
You can ask a goverment to legalize your currency (like FED did with USA), or, more realistically for us, you can create a service which accepts only your cryptocurrency, for example, a gambling website.

The point should not be to build a cyptocurrency per say.

You should aim at build an app or business where instead of accepting fiat currencies, you accept a crypto (that you made).

If the business has a big demand, your currency naturally rises in value overtime.

Every Crypto Currency Coin Has it's different availability in wallets,
I Mean Creating A new crypto Currency must Be Flexible, Can Transact into Different Wallets,
And First of All Convertable to Any kinds of Coins.
And, Must Also Be Volatile.

If you Will Make A new Crypto Currency you Should Also Hire Great Persons That is Professional in The World of Crypto Currency.

first identify the problem you are trying to solve by coming up with a cryptocurrency, then innovatively build a community of users around it.

A coin with no use is just a useless coin.  Not worth the paper it's printed on (or its digital analog).  Did I just say digital analog?  Lol.

Nearly all of the altcoins are just clones of a few core projects.  Few bring much to the table.

However, there are a few interesting concepts I follow.  They can be looked at as "laboratories of ideas".  Some of the ideas will bring crypto forward -- with technological innovation, project innovation, organizational structure concepts, etc.  Most, however, will be dead ends.  Such is the nature of any competitive environment.

To be widely used, cryptocurrency must be like real currency/fiat. Cheap transaction fee, fast and less volatile, that is important.
Example, dogecoin has no purpose. But here, crypto community in my country use it for buying internet data, or other online transaction (even like buying notebook). It is widely accepted here because it is fast, and cheap. Second to bitcoin in usage
Those new cryptocurrencies have good purpose or good tech but forget to create suitable system for real usage. The tech is only good for crypto world

If you don t have a greater goal and a special think about you coin there is no good point in creating one.

you just dont need to create a currency , but a great foundation stone and a team

Litecoin is used in gambling, which is most effective way of getting the coin usable, so same way all coin have their own goal but most developer come with new idea and create the coin but when it get good investment they start to think of just runaway. but some of them are really working hard to make their project to reality and they are using the invested fund reasonably

Its a huuuuuge coding work for sure...
I heard its 2x more work to make a cc then a completly new
script like evolution so its a nearly endles task....

Why does it take 2x work? In that case I would make a new coin.

In that case you make a new one iam in and we are 2 coders...
But iam really not sure if you know how big Evolution is  ::)

Litecoin is going to be accepted by Amazon together with Bitcoin. I would like to add in their list Etherum as well, but it's Amazon who will decide which cryptos it will be accepting.
I don't have an experience about creating of a crypto currency, so I won't be helpful to you. I think you should ask for help in service discussion area.

Where is this information from that amerzon will add bitcoin and litecoin?
Link please

You're gonna need a big from the expert that's all I can say. In creating your own cryptocurrency, you need a lot of knowledge regarding the pros and cons of it.

Not all cryptocurrencies are exchange media of monetary value

There are the basic ones like BTC and LTC and DOGE which only serve as decentralized digital currencies but then  there are a bunch of cryptos with way different uses based on the blockchain technology. Ethereum allows trustless smart contracts. Chainlink allows trustless smart contracts using decentralized inputs. Many cryptos do not involve the exchange of money but of something else, of an information that is propagated in a decentralized and immutable way.

So the point of creating a crypto depends on how you want to leverage the blockchain technology and what purpose you want to put it to, if you don't understand first how a blockchain works you won't get it.

Need a very long study to produce the type of coin, a person or society must know the advantages
If the system does not adopt blockchain and essentially not crypto there will be override cretion

If you have passion to your project you obviously want evolution and development. But many people just want quick money  :( And this kind of people kills crypto industry.

At least they have made a lot of the project become success caused raise a lot of money to complete the milestones. But those flippers are not understand about the fact their method is really hurting the crypto industry.

Well, its up to you

Most coins "developer" who makes the recent "Airdrop" waves are people who are looking for quick profit, premind x% for themselves, dump.

Therefore, how to make sure your coins have value? Developer gotta create value for it, community gotta be able to perform use of value based the coins.
Else, everything will just flow and gone at last

cryptocurrency can be a tool use in company or any other serves in the real life such as for a pay mothod .

easily to use and very fast , so , why not creat a cryptocurrency for convenient ？

The main reason for creating new crypto currency is money, secondly - changing something, creating better conditions for mining, for example.
Yes, and it is difficult to create something really unique, because the new projects appear very fast and it is difficult to follow them all.
So, for a "live" coin you need first a good exchange terms and multi-OS wallet, secondly, so that it accept at least some stores - so many people create projects, sites, games that support only their crypto-currencies - already have a demand)

Majority of cryptos are made to make tons of profit and the few left are the real projects with true purpose.

Altcoins can be useful only when they are used as a fuel to the operations. Otherwise they are just meaningless

So anyone can take their money in the other world which has internet, because some country forfeiting large amount of money to be carried in the airport. Also for investing and online market. All and some cryptographic currency allows users/holders/buyers to purchase in online shops/market/and services.

I was mistaken. There is a petition of users to Amazon start to accept Bitcoin and Litecoin, 10000 people have signed it already. Here is the link: https://bitcointalk.org/index.php?topic=2241298.msg22827412#msg22827412
But there is an another link, which just was skipped by me in all those mass of daily news about crypto currencies. Here it said that Amazon will not accept crypto currencies at all (yet) https://bitcointalk.org/index.php?topic=2222476.msg22441684#msg22441684

Okey, but this is nothing... But thank you to clear this matter of i was searching too today but aining found nothing about that
amerzon will accept both btc and ltc... be sure this information pushes both heavy :D

well, it really depends what you're trying to do with it. usually crypto is good for applications/platforms that you can use it within and gradually have it become a standard.

For ex. unikoingold is an esports betting platform and they decided to integrate crypto to enable certain functions and make it legal to gamble everywhere.

In the first place,  why do you even consider creating a cryptocurrency if you think they are useless? ???
Some companies/businesses create their own altcoin that their business will accept. Examples are for online gaming, gambling etc.
Your cryptocurrency won't survive if they're of no use.

There are some cryptocurrencies created so that people can access a certain site by using the cryptocurrency. It is also use for privacy purposes. Just like in gambling sites, people prefer to be unknown when gambling so that others will not know that he is gambling and in the event when someone win a significant amount, it would be for his own protection that people don't know who he is. Cryptocurrency is use as well for transparency purposes like bitcoin wherein people see the transaction but doesn't know the people behind it. The problem with this is that many cryptocurrency are just created without true purpose that's why many just disappear after sometime while those that has true value and usage will always remain.

Crypto currency was created in order to make our life more convenient, affordable and more diverse. All altcoyins have a right to exist. Only in competition the strongest survive. Many altkoins work in different narrow spheres of our life and practically do not overlap with each other. The process of their formation will continue for a long time.

offering service as client might gains with returns of examination to collects with the shifts on commitments as the value on appropriation,
as more with the works on following of the modest as managing entrance within field of different stages of exhibition.

I think a good cryptocurrency is accessible to everyone at a low price without any restrictions related to the amount of transfer. And of course it's a good way to help good technologies and ecosystems to grow faster.. like these guys do https://bitcointalk.org/index.php?topic=2135473.0

There is a lot of useless coins out there, but there is also a lot of useful one. Their goals is to fix a problem that cannot be fixed with regular FIAT. It can be payments, security or a lot of other issues

To sell your product or services by only accepting your cryptocurrency,that's the point
But this all alt just making their own and hope people will choose them over another

I genuinely think some of these cryptocurrencies will revolutionize a lot of industries, the can help companies improve productivity and reduce costs. However we're seeing a stage where any ICO is being created for unnecessary needs.

Probably only 1-2% of all cryptos actually have a use case.