Social site, blockchain and new crypto currency

[freemanjackal]

I already edited Post.
What i really need is some advice for creating a cryptocurrency, what would be the best algorithm for it and know how could i use the blockchain technology for storing information generated for instance on a website, where should i start? Where i could find people with experience on this subject? A crypto that does not need the capacity of processing of btc, that everyone could mine it, avoiding the huge conglomerate.

[avatar_kiyoshi]

Are you means want to create new altcoin with based on social network? You can see LTBcoin, it's coins which you can earn from do a social activity in their forum (I don't know if now is still can earn thru that way), but it's not really worth if you want to create similar I think, because the price can dump faster, unless you have some innovation besides just social network.

[CryptInvest]

Similar projects already exist. Therefore, you should think about what your new crypto currency and blockchain social network will be better than steemit/golos which working more than one year.

[Rahar02]

Similar projects already exist. Therefore, you should think about what your new crypto currency and blockchain social network will be better than steemit/golos which working more than one year.

Yes it is, but there are a lot of things that can make difference from others.
I'm not code/algorithm person, but I think this is a good idea, it is social network such as facebook or Instagram? maybe need some features such as :
People could send cryptocurrency through your platform for reward or gift.
Live streaming to show off, where a person show his skill or teach something.

[VINSIN]

Mon dieu, I just can't remember how many failures on this type of websites I saw. Paid to socialise it is not a good concept because people will abuse in any way and post and do like for free money, even if their activity is shared on website earnings.

And why do you need a crypto currency to make this works? I simple don't get your point here. Just add some internal system of points which can be changed to bitcoins, this way you can add a 1% transaction fee and bitcoin withdraw taxes 0.002 but you will pay only 0.0003 so you'll be winning more money.

Anyways good luck I don't think you will have any kind of success with this kind of idea

[thebatletbet]

Hi, i am part of a team that is involved on the development of a website. we have in mind the development of a crytocurrency related to the social network, also thinking in how to take advantage of blockchain descentralization in our project. I have just a background knowledge on cryptocurrencies and i would like to see opinions about it cause i know there are people in the forum with experience in the subject.
What could be a possible algorithm to use?
how to use the blockchain on the social network?
Any advice advice will be accepted.

I think you can follow steem project
until now social site steem still use and good run work, and steem coin still active trade in poloniex

[freemanjackal]

Mon dieu, I just can't remember how many failures on this type of websites I saw. Paid to socialise it is not a good concept because people will abuse in any way and post and do like for free money, even if their activity is shared on website earnings.

And why do you need a crypto currency to make this works? I simple don't get your point here. Just add some internal system of points which can be changed to bitcoins, this way you can add a 1% transaction fee and bitcoin withdraw taxes 0.002 but you will pay only 0.0003 so you'll be winning more money.

Anyways good luck I don't think you will have any kind of success with this kind of idea

i didnt say i needed a crypto to make the site run, those are posibilities we are considering. most of all a side blockchain technology for using it as distributed system, maybe as database. that is why we are considering a crypto cause the use of bitcoin blockhain tech for that pourpose would be too expensive.

[onemanatatime]

Hi, i am part of a team that is involved on the development of a website. we have in mind the development of a crytocurrency related to the social network, also thinking in how to take advantage of blockchain descentralization in our project. I have just a background knowledge on cryptocurrencies and i would like to see opinions about it cause i know there are people in the forum with experience in the subject.
What could be a possible algorithm to use?
how to use the blockchain on the social network?
Any advice advice will be accepted.

What do you mean by social network? Could you elaborate more on that?

Would the main focus of your website be, besides being a "Social network"?