how a new altcoin made

[tamehuang]

1 download the code and source of ltc or btc or yac
2 change several parameters and release it
3 post a topic here
4 sell the altcoin for btc
5 goto step 1

ONLY 'f**k' can express my feelings..

[willhash4food]

You left out - premine the shit out of it.

[Random Bit]

School will be over for the summer soon, expect it to only get worse.

[Praxis]

how are altcoin formed
how are altcoin formed
how genesis got maked

[mc_lovin]

You left out - premine the shit out of it.

A crucial step.

[Vikerus]

The way to fix this is to only back the ones that are unique or committed. I'm supporting GLDcoin cause I want to help something grow. But if it fail it fails. Just cause other currency comes out doesn't mean automatic devaluation of other ones. In fact it only sets the bar higher for everyone who realizes that you should be smart about what currency should be propped up.

It's like the ultimate control of what is value. You guys shouldn't treat that fact so blindly.