What is the point of creating a cryptocurrency?

[bitcoworld]

Its a huuuuuge coding work for sure...
I heard its 2x more work to make a cc then a completly new
script like evolution so its a nearly endles task....

Why does it take 2x work? In that case I would make a new coin.

In that case you make a new one iam in and we are 2 coders...
But iam really not sure if you know how big Evolution is 

[Taki]

Litecoin is going to be accepted by Amazon together with Bitcoin. I would like to add in their list Etherum as well, but it's Amazon who will decide which cryptos it will be accepting.
I don't have an experience about creating of a crypto currency, so I won't be helpful to you. I think you should ask for help in service discussion area.

[bitcoworld]

Litecoin is going to be accepted by Amazon together with Bitcoin. I would like to add in their list Etherum as well, but it's Amazon who will decide which cryptos it will be accepting.
I don't have an experience about creating of a crypto currency, so I won't be helpful to you. I think you should ask for help in service discussion area.

Where is this information from that amerzon will add bitcoin and litecoin?
Link please

[bhoybitcoin]

You're gonna need a big from the expert that's all I can say. In creating your own cryptocurrency, you need a lot of knowledge regarding the pros and cons of it.

[pumpmydump]

Not all cryptocurrencies are exchange media of monetary value

There are the basic ones like BTC and LTC and DOGE which only serve as decentralized digital currencies but then  there are a bunch of cryptos with way different uses based on the blockchain technology. Ethereum allows trustless smart contracts. Chainlink allows trustless smart contracts using decentralized inputs. Many cryptos do not involve the exchange of money but of something else, of an information that is propagated in a decentralized and immutable way.

So the point of creating a crypto depends on how you want to leverage the blockchain technology and what purpose you want to put it to, if you don't understand first how a blockchain works you won't get it.

[bundo]

In my opinion there is absolutely 0 purpose for most of the crypto's out there. I heard 98%/99%, I'd say it is higher. If your coin is a means of transacting value in a network, why not build the network and use BTC/ETH? There are very few legitimate goals for new crypto assets or currencies besides of course fundamentally improving on the technical aspects of BTC/LTC/ETH etc. I am very interested in your own idea for a currency, would you like to share it with us? I would be open to lend an open mind. PM me if you do not want to make your idea public but would still like an extra mindhand ^^

Sorry for the slight offtopic, I still hope you can get something out of my response

Need a very long study to produce the type of coin, a person or society must know the advantages
If the system does not adopt blockchain and essentially not crypto there will be override cretion

[Tony116]

If you have passion to your project you obviously want evolution and development. But many people just want quick money  And this kind of people kills crypto industry.

[marks1976]

If you have passion to your project you obviously want evolution and development. But many people just want quick money  And this kind of people kills crypto industry.

At least they have made a lot of the project become success caused raise a lot of money to complete the milestones. But those flippers are not understand about the fact their method is really hurting the crypto industry.

[puremage111]

I am considering to create a cryptocurrency, however, let's say we do a successful airdrop and 10,000 people have our token. How do we build an infrastructure so they can use them? I don't understand what the point is when 99% of cryptos have zero purpose (including the most popular ones). For example, Litecoin is accepted almost no where. Why does anyone even want it?

Well, its up to you

Most coins "developer" who makes the recent "Airdrop" waves are people who are looking for quick profit, premind x% for themselves, dump.

Therefore, how to make sure your coins have value? Developer gotta create value for it, community gotta be able to perform use of value based the coins.
Else, everything will just flow and gone at last

[Ingramtg]

cryptocurrency can be a tool use in company or any other serves in the real life such as for a pay mothod .

easily to use and very fast , so , why not creat a cryptocurrency for convenient ？

[KenDowson]

The main reason for creating new crypto currency is money, secondly - changing something, creating better conditions for mining, for example.
Yes, and it is difficult to create something really unique, because the new projects appear very fast and it is difficult to follow them all.
So, for a "live" coin you need first a good exchange terms and multi-OS wallet, secondly, so that it accept at least some stores - so many people create projects, sites, games that support only their crypto-currencies - already have a demand)

[1BTC EQUALS 1CAR]

Majority of cryptos are made to make tons of profit and the few left are the real projects with true purpose.

[Rieeir]

Altcoins can be useful only when they are used as a fuel to the operations. Otherwise they are just meaningless

[kirito1614]

So anyone can take their money in the other world which has internet, because some country forfeiting large amount of money to be carried in the airport. Also for investing and online market. All and some cryptographic currency allows users/holders/buyers to purchase in online shops/market/and services.

[Taki]

Litecoin is going to be accepted by Amazon together with Bitcoin. I would like to add in their list Etherum as well, but it's Amazon who will decide which cryptos it will be accepting.
I don't have an experience about creating of a crypto currency, so I won't be helpful to you. I think you should ask for help in service discussion area.

Where is this information from that amerzon will add bitcoin and litecoin?
Link please

I was mistaken. There is a petition of users to Amazon start to accept Bitcoin and Litecoin, 10000 people have signed it already. Here is the link: https://bitcointalk.org/index.php?topic=2241298.msg22827412#msg22827412
But there is an another link, which just was skipped by me in all those mass of daily news about crypto currencies. Here it said that Amazon will not accept crypto currencies at all (yet) https://bitcointalk.org/index.php?topic=2222476.msg22441684#msg22441684

[bitcoworld]

Litecoin is going to be accepted by Amazon together with Bitcoin. I would like to add in their list Etherum as well, but it's Amazon who will decide which cryptos it will be accepting.
I don't have an experience about creating of a crypto currency, so I won't be helpful to you. I think you should ask for help in service discussion area.

Where is this information from that amerzon will add bitcoin and litecoin?
Link please

I was mistaken. There is a petition of users to Amazon start to accept Bitcoin and Litecoin, 10000 people have signed it already. Here is the link: https://bitcointalk.org/index.php?topic=2241298.msg22827412#msg22827412
But there is an another link, which just was skipped by me in all those mass of daily news about crypto currencies. Here it said that Amazon will not accept crypto currencies at all (yet) https://bitcointalk.org/index.php?topic=2222476.msg22441684#msg22441684

Okey, but this is nothing... But thank you to clear this matter of i was searching too today but aining found nothing about that
amerzon will accept both btc and ltc... be sure this information pushes both heavy

[awilliams]

well, it really depends what you're trying to do with it. usually crypto is good for applications/platforms that you can use it within and gradually have it become a standard.

For ex. unikoingold is an esports betting platform and they decided to integrate crypto to enable certain functions and make it legal to gamble everywhere.

[mikki14]

In the first place,  why do you even consider creating a cryptocurrency if you think they are useless?
Some companies/businesses create their own altcoin that their business will accept. Examples are for online gaming, gambling etc.
Your cryptocurrency won't survive if they're of no use.

[jamids]

I am considering to create a cryptocurrency, however, let's say we do a successful airdrop and 10,000 people have our token. How do we build an infrastructure so they can use them? I don't understand what the point is when 99% of cryptos have zero purpose (including the most popular ones). For example, Litecoin is accepted almost no where. Why does anyone even want it?

There are some cryptocurrencies created so that people can access a certain site by using the cryptocurrency. It is also use for privacy purposes. Just like in gambling sites, people prefer to be unknown when gambling so that others will not know that he is gambling and in the event when someone win a significant amount, it would be for his own protection that people don't know who he is. Cryptocurrency is use as well for transparency purposes like bitcoin wherein people see the transaction but doesn't know the people behind it. The problem with this is that many cryptocurrency are just created without true purpose that's why many just disappear after sometime while those that has true value and usage will always remain.

[Argoo]

Crypto currency was created in order to make our life more convenient, affordable and more diverse. All altcoyins have a right to exist. Only in competition the strongest survive. Many altkoins work in different narrow spheres of our life and practically do not overlap with each other. The process of their formation will continue for a long time.