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Author Topic: Are cureencies created on the Ethereum platform legitimate?  (Read 201 times)
RedditMaster
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June 24, 2017, 05:36:14 AM
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I am strongly considering creating my own currency. However, coding it from scratch is difficult for someone with just a moderate understanding of CSS, HTML, PHP & Javascript (I make websites).

With that said, I was looking at the Ethereum website... There is a simple enough walkthrough on how to make a currency using their platform.

My only question is what is the difference between currencies created with Ethereum as opposed to altcoins such as NVC or PPC?
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June 24, 2017, 06:55:43 AM
 #2

In short 100% dependable versus 100% independent.
It makes zero sense to build a house on top of an existing house.
A strong everlasting house has its own foundation.

ico = ipo are not legal, changing a single letter does not make something legal. (law working slow)

Edit:
I made a little graphical representation
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June 24, 2017, 07:04:21 AM
 #3

Based from my observation, a lot of coins now are launched using the ethereum platform. My instinct says that they are just using the name of ethereum to grab some cash from naive people. So my answer is no, not all currencies created thru ethereum are legitimate and authentic.

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June 24, 2017, 07:30:17 AM
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Based from my observation, a lot of coins now are launched using the ethereum platform. My instinct says that they are just using the name of ethereum to grab some cash from naive people. So my answer is no, not all currencies created thru ethereum are legitimate and authentic.
I don't think so, because even before the days of ethereum getting more popularity as now several projects have been functioning based on the ethereum platform. Now too the success is continuing and just because they have grown we cannot say it's a way to grab cash from naive people.

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June 24, 2017, 07:35:40 AM
 #5

They are not coins, they are digital assets, they act like shares in companies, whereas you get dividends or some other advantages for holding these asstets, I am not talking about all ethereum based tokens. Some appliactions like WeTrust, Matchpool, Chronobank have real world usages, so it is not about mining or something else, it is about new kind of decentralized applications, and the tokens are the fuel of these apps.

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