GET RICH QUICK

[kalbon coin]

creating a new currency...

should it be pow ? or pow/pos ?
scrypt or sha256?
premine? instamine? fastmine?

my goal is to get rich quick...lets be honest here.

looking at coinmarketcap.com:

bitcoin is at $4.9billion
litecoin is at $138million

most altcoins i have read about seem to be litecoin clones.

reading this devtome article:
http://www.devtome.com/doku.php?id=a_massive_investigation_of_instamines_and_fastmines_for_the_top_alt_coins

litecoin is a scrypt based algorithm and pow(proof of work) only
litecoin did instamine in the first 96 hours, but that instamine is only 1% of coin total in existence
the devtome article rates litecoin as acceptable to investors because of the low percentage of instamine to total

although i want to get rich quick (being honest), i want my investors in the new currency to be happy too...
so following the success of litecoin, i will instamine upfront, but only 1% of my total coins.

further, my new coin will be scrypt based and pow only...hoping the litecoin miners will approve.

an innovation in tekcoin looks good for miners: never cuts its block subsidy in half...hmmm, maybe i will do that.

dogecoin, marketcap $12million, has taken off the 100billion coin cap, with no cap, the party never ends? maybe i will do that too.
dogecoin also instamined, but only 1% of total coins.

since i want to get really really rich quick, i looked at the global money supply:
https://en.wikipedia.org/wiki/Money_supply

this article shows the usa m2 money supply, "the broadest measure of money supply" was USD$10.5trillion or
$10,500,000,000,000 dollars.

i want my new currency to be a viable alternative to the fiat currency of central banks, so i need to instamine KAL10trillion
or 10trillion kalbon coins...if my instamine is just 1% of total, then my "cap" (if i choose not to follow the dogecoin model)
will be 100x the KAL10trillion or KAL1quadrillion.

quadrillion sounds like a huge impossible number but further research at:
http://www.dtcc.com/annuals/2014/index.php
shows they processed $1.6quadrillion dollars in securities transactions in 2014 alone!wow!!!

so im going to instamine KAL10trillion coins, hoping the world population will replace the fiat currency they carry now into my new cryptocurrency.

but how do i convince these people to trade dollar, pound, yen, euro and yuan into my coin?
when even the huge chinese economy is having difficulty convincing the world to let them be a reserve currency?
[Suspicious link removed]j.com/articles/imf-signals-yuan-wont-be-considered-a-reserve-unit-for-at-least-a-year-1440000935

well markets or exchanges, like the $5trillion dollar a day global foreign exchange market, have specialists involved in currency trading.
these specialists watch market activity and inject money into the market when trading is low and draw out money from the market when trading is high to try to stabilize the exchange rate of currencies they watch.

pretty technical, but simply put, if i want the kalbon coin to trade at the exchange rate of KAL1.00 = USD$1.00, then i need to watch the trading activity in the market.  if i see the exchange rate falling below 1:1 dollar parity, then i inject more USD into buying KAL, if i see the exchange rate rising above 1:1 dollar parity then i need to sell KAL for USD to lower the rate and create stability.

but how do i get people to use KAL in everyday transactions like ordering a pizza?

well the pizza shop owner sees he can trade KAL for USD and he says ok to customers offering KAL for a slice!

but what about all these innovative uses of the blockchain, the technology behind cryptrocurrency, that has the fiat currency people so excited?
https://bitcoinmagazine.com/articles/nine-top-global-banks-pool-resources-fund-r3-develop-digital-currency-standards-1442352243
http://r3cev.com

well the banks and exchanges spend alot of money on so-called "back office" operations to process ur checking and credit card and trading transactions now...with the blockchain and crypto, these "trusted systems" can be eliminated and the cost of your bank and brokerage house doing business will go way down. but dont expect a reduction of fees to you, because profits will go way up if consumer prices stay the same.

creating a new currency sounds like a very good idea, if you want to get rich quick, like me.

john michael fitzpatrick
DONATE BITCOIN to the author:  1McpsDAtEyNheLYqHwpKGba4GTBJdKxUpg

[zodiac3011]

Good luck with your plans but there's a coin that is specialized in food like pizza  you need to be innovative like new algo, new proof of .... that will sure attract a lot of people

[EBK1000]

I guess it depends on your idea of rich, if you invented Bitcoin before any other crypto, than yes you may get rich, if you clone or even make your own now, rich means a few Bitcoins if you are a good fraudster

[wildduck]

Great plan for getting rich

[crunck]

I stopped reading here : most altcoins i have read about seem to be litecoin clones. 

[kalbon coin]

Good luck with your plan 

Thanks ASICrefugee.
jmf

[kalbon coin]

I guess it depends on your idea of rich, if you invented Bitcoin before any other crypto, than yes you may get rich, if you clone or even make your own now, rich means a few Bitcoins if you are a good fraudster

Thanks EBK1000,

Bitz.biz, logo next to your posting, is another digital currency? Are you affiliated with bitz.biz? Is everyone deploying a new altcoin a good fraudster in your opinion?

jmf

[TomVelvetPaws]

Interesting Thread Indeed.Questions Im always asking heh heh.

[cathat]

another coin? good

[kalbon coin]

I stopped reading here : most altcoins i have read about seem to be litecoin clones. 

Thanks crunck,

Bitcoin/Altcoin is a very technical subject... I am happy you stopped reading at a point you felt most comfortable, rather than going further and getting frustrated not understanding the material presented.
jmf

[kalbon coin]

Good luck with your plans but there's a coin that is specialized in food like pizza  you need to be innovative like new algo, new proof of .... that will sure attract a lot of people

Thanks zodiac3011,

So much work has been done on code innovations in bitcoin/altcoin that my survey in this article, and other research findings, have led me to develop a model of best practices that i am deploying in a new altcoin.
jmf

[maokoto]

Creating a new currency seems too complicated for me, too much hard work, and ... What does a new currency make to be better? There are lots of all sorts of coins already.

[kalbon coin]

Creating a new currency seems too complicated for me, too much hard work, and ... What does a new currency make to be better? There are lots of all sorts of coins already.

Thanks maokoto,

in the article above i reference a devtome article:
http://www.devtome.com/doku.php?id=a_massive_investigation_of_instamines_and_fastmines_for_the_top_alt_coins
that gives a very interesting history of the life and death of many coin projects.

A coin is not a onetime program...but an ongoing work in progress, with miners, investors, exchanges, merchants and consumers, and now regulators, that need to be heard and responded to by dev teams. Aside from altcoins, even the grand dad Bitcoin has had many changes over the years with many more to come.

This is an exciting time, one that many pioneers of the personal computing era have likened to watching the internet being invented all over again.

 

[TomVelvetPaws]

I want to creat one myself but I cant code I can probably learn given the time but Im 54 and well I have to much other shit to do .I have been  member here since "Look at my profile">Lurked here for months before that to sorta get a feel for the place.Im not all that sure I really like this place to be honest and some will tell you it is a love hate relationship with this place as far as im concerned.One thing you can be sure of I have NEVER lied to anyone here and I never will.I know some here I can trust and some who I cant .I see many here that dont trust each other but really should.There are some really good people in the cryptoworld to be sure and some very good talent here as well to bad you all don't trust each other.ANYONE who does not hide And proves himself By any means they can would be trusted.YOU KNOW WHERE I WORK AND LIVE why would I rip you off? GET IT? I call it AND HERE WE GO AGAIN WITH ANOTHER PROOF OF LOL. I call it proof of self.

sO IN CREATING MY OWN COIN i WANT A FEW DEVS dont matter who I know they are trustworthy I know their phone numbers and where they live they wont fuck me or you.They know Ill visit them and burn their fucking house down and drive off in their trucks lol.If you work for me I KNOW WHERE YOU LIVE. I need to raise some cash for Puppy dogs R us we need a quarantine facility I could build one myself but it would take me probably over a year and cost 35000 to do it with volunteers at the cheapest but I can do it for 65000 in a week.That's just Puppy dogs r us There is Blind Cat Rescue as well and any other animal no kill shelter.


So all that being said I would like the currency to be all inclusive  from sha256 to x15  and double skein all of them  I see all these algos  why has no one  ever incorporated AES and SERPENT together with skein maybe?

I want wallets  for windows 32/64  mac ios android  RASPI

WALLETS SHOULD HAVE THE ABILITY TO SEND A POPUP ANYTIME THERE IS AN UPDATE AS long as notifications are turned on this is separate from the regular notifications like when you get a stake or whatever.

I want an idea for something to use this on  and start using it right away7 not just for donating.Caan we create a store? Can we possibly get a vet to accept it? can we buy pet meds with it? yep most likely.Where there is a will there is a way and I always say and as any biologist already knows NATURE WILL FIND A WAY

Im picking your brains people help me out here.

Edit:Not sure about POW or Pos Im think maybe certain algos pow only nnd others pow/pos hybrid and maybe one very low pow then pos I dunno I really wanna try a new algo letys work together and find one we need it. all will have the same ticker PDRUS.I know you guys hate ICO'S but I will have to do it it will be all on the up and up per release no rip offs  but I will need to do at least one ico so when I do Ill be saking advice on the price as I really have no idea lol




Yea yea I know I talk to much sometimes and edit way to much but at least I don't make a million extra topics every time I get a idea I just edit.  

Oh ye one last edit to just get things strait,Yes I know a bunch of yall Ive done background checks email lookups you name it.Depending on what info you lead me to and I choose to follow.I do have Phone numbers addresses and when some of you graduated high school and when some of you do graduate and your fucking report cards and sat's.   

[EBK1000]

I guess it depends on your idea of rich, if you invented Bitcoin before any other crypto, than yes you may get rich, if you clone or even make your own now, rich means a few Bitcoins if you are a good fraudster

Thanks EBK1000,

Bitz.biz, logo next to your posting, is another digital currency? Are you affiliated with bitz.biz? Is everyone deploying a new altcoin a good fraudster in your opinion?

jmf

I think I meant that if you deploy an altcoin for the purpose of getting rich you need to be a good fraudster

[kalbon coin]

Altcoins are not Fraud coins

[Spoetnik]

Good luck with your plans but there's a coin that is specialized in food like pizza  you need to be innovative like new algo, new proof of .... that will sure attract a lot of people

innovative like a Doge meme logo ?

[Spoetnik]

I stopped reading here : most altcoins i have read about seem to be litecoin clones.  

Thanks crunck,

Bitcoin/Altcoin is a very technical subject... I am happy you stopped reading at a point you felt most comfortable, rather than going further and getting frustrated not understanding the material presented.
jmf

If he was reading this far down i would recommend TwitterCoin.. the coin for those with ADD !
Tweet like a Twit with Twitter Coin !

Me ?
I stop reading when someone else posts "I stopped reading when.."
and i also close my browser if it includes roll_eyes.jpeg ..hit ALT+F4 fast !

EDIT:
I didn't forget about you guys that love walls-o-text

For you guys i have a special scrypt clone coin called.. Redcoin
oops.. sorry my bad i meant.. Reddcoin (with two d's)

Yes there really is a two Redcoins.

coming soon.. Redddcoin

[raaajlucky]

Altcoins are not Fraud coins

Not all of them but some of them are fraud for sure

[zodiac3011]

Altcoins are not Fraud coins

Not all of them but some of them are fraud for sure

We all have to say there are some fraud coins but don't look only at the bad sides. There are still many innovative coins