How do you create an altcoin?

[meteors2888]

I've found the GenesisBlock of Litecoin & Mincoin are same.
uint256 hashGenesisBlock("0x12a765e31ffd4059bada1e25190f6e98c99d9714d334efa41a195a7e7e04bfe2");
https://github.com/SandyCohen/mincoin/blob/master/src/main.cpp
https://github.com/litecoin-project/litecoin/blob/master/src/main.cpp

[alex_fun]

Come to freenode channel #noobcoin I think we might solve it together soon

[Remember remember the 5th of November]

I expected at least one alt-coin developer to see this thread and respond, but I am feeling now that they won't do it purely so a new alt-coin does not replace theirs, even if we are newbs here.

[alex_fun]

Progress simply happens

[jackjack]

I expected at least one alt-coin developer to see this thread and respond, but I am feeling now that they won't do it purely so a new alt-coin does not replace theirs, even if we are newbs here.

Same...

Maybe it's time to create a 'collaborative' coin where all users decide what they want to do

[Luke-Jr]

I expected at least one alt-coin developer to see this thread and respond, but I am feeling now that they won't do it purely so a new alt-coin does not replace theirs, even if we are newbs here.

Same...

Maybe it's time to create a 'collaborative' coin where all users decide what they want to do

Already exists, it's called... Bitcoin!

Too bad most of those users are unwilling to do anything to help "what they want to do" get done any faster, so everything only happens at the fastest speed volunteers can get them done.

[jackjack]

I was talking about retarget time, total number of coins and other parameters that are fixed for long in Bitcoin

[Geddi]

I expected at least one alt-coin developer to see this thread and respond, but I am feeling now that they won't do it purely so a new alt-coin does not replace theirs, even if we are newbs here.

Maybe someone would pop up helping out if you guys were eager to learn about cryptography and programming, instead of script-kidding an existing source into creating a new blockchain.

[Luke-Jr]

I was talking about retarget time, total number of coins and other parameters that are fixed for long in Bitcoin

There is no reason to change any of that.

[wmikrut]

I expected at least one alt-coin developer to see this thread and respond, but I am feeling now that they won't do it purely so a new alt-coin does not replace theirs, even if we are newbs here.

Maybe someone would pop up helping out if you guys were eager to learn about cryptography and programming, instead of script-kidding an existing source into creating a new blockchain.

Nobody said they wanted to release a 'real' coin.
This was all an exercise to see how the process works.

It's nice to know there is crypto currency out there... it's even cooler to know how the whole process works imo.

[jackjack]

I was talking about retarget time, total number of coins and other parameters that are fixed for long in Bitcoin

There is no reason to change any of that.

There is no reason not to try to change all of that.

[alex_fun]

Jackjack come to irc in like 40 min I might be around

It also seems some people work on applet that can calculate merkel key from text string and public key   Perhaps someone can post here how to do it

So far Satoshi code seems pretty simple perhaps he make it this way so even noobs  can play with it ))

Once merkelt key is known then what? Run miner and check in debug file for the first genesis block hash? Also I think there is dns hardcoded somewhere? For example when I  solo mine local host as address  it links to existing chain means somewhere in code dns got to be changed

[jackjack]

I can't until I'm back home
Also guys consider the possibility that luke-jr may use his pool (eligius) to attempt a 51% attack like he did with coiledcoin

[Luke-Jr]

I can't until I'm back home
Also guys consider the possibility that luke-jr may use his pool (eligius) to attempt a 51% attack like he did with coiledcoin

No need to promote lies.

[Walter Rothbard]

I expected at least one alt-coin developer to see this thread and respond, but I am feeling now that they won't do it purely so a new alt-coin does not replace theirs, even if we are newbs here.

I don't think it matters, as you guys are clearly on your way to becoming altcoin developers.

There is an enlightenment that happens in programming, when you hit a point where you realize that, given enough time, you could figure out / code anything, on your own.  You could write a new OS kernel if you wanted, or an office application suite.  Or build a new genesis block.

I wouldn't be surprised if the eventual output of this thread is a standalone, tweakable genesis block generator application.

[Walter Rothbard]

I can't until I'm back home
Also guys consider the possibility that luke-jr may use his pool (eligius) to attempt a 51% attack like he did with coiledcoin

Yes, take a break and buy a few dozen ASIC units and build a big hash farm before you go too much further.

[uMMcQxCWELNzkt]

I expected at least one alt-coin developer to see this thread and respond, but I am feeling now that they won't do it purely so a new alt-coin does not replace theirs, even if we are newbs here.

I don't think it matters, as you guys are clearly on your way to becoming altcoin developers.

There is an enlightenment that happens in programming, when you hit a point where you realize that, given enough time, you could figure out / code anything, on your own.  You could write a new OS kernel if you wanted, or an office application suite.  Or build a new genesis block.

I wouldn't be surprised if the eventual output of this thread is a standalone, tweakable genesis block generator application.

How about a tweakable coin generator? Even if there is a fee to to discourage mass spam of alt coins.

[Garr255]

How about a tweakable coin generator? Even if there is a fee to to discourage mass spam of alt coins.

That's what I want to get out of this.

The whole reason I'm participating is because it will promote competitiveness among alt coins. It's really fun getting a better understanding of bitcoin too

[uMMcQxCWELNzkt]

How about a tweakable coin generator? Even if there is a fee to to discourage mass spam of alt coins.

That's what I want to get out of this.

The whole reason I'm participating is because it will promote competitiveness among alt coins. It's really fun getting a better understanding of bitcoin too

I am still getting my head around Bitcoins but if I could I would be contributing.

[Geddi]

I expected at least one alt-coin developer to see this thread and respond, but I am feeling now that they won't do it purely so a new alt-coin does not replace theirs, even if we are newbs here.

Maybe someone would pop up helping out if you guys were eager to learn about cryptography and programming, instead of script-kidding an existing source into creating a new blockchain.

Nobody said they wanted to release a 'real' coin.
This was all an exercise to see how the process works.

There's my point.. 

I'm not saying you should release a real coin. I'm saying that while you might think you are learning 'how the process works' you are instead 'dialing the knobs' of an existing program. Examine the source, examine the bitcoin wiki and try to program your own client. Has more educational value.