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Villa_Token
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March 23, 2018, 06:51:00 PM
 #1

I'm fairly new to the crypto world but I want to make my own blockchain and I want to target a specific industry and have tokens only allowed on it if they're SEC compliant.
For a non-programmer, I think it looks pretty easy to use previously written code, change a few things (with the help of a blockchain developer that i pay hourly from upwork.com) and deploy it.
Will I have to mine tokens myself?
Will I have to have very fast internet and an expensive computer to do that?
What are some things I'm not thinking of in this process...it sounds too simple.
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March 23, 2018, 09:51:29 PM
Merited by paxmao (1)
 #2

I'm fairly new to the crypto world but I want to make my own blockchain and I want to target a specific industry and have tokens only allowed on it if they're SEC compliant.
For a non-programmer, I think it looks pretty easy to use previously written code, change a few things (with the help of a blockchain developer that i pay hourly from upwork.com) and deploy it.
Will I have to mine tokens myself?
Will I have to have very fast internet and an expensive computer to do that?
What are some things I'm not thinking of in this process...it sounds too simple.

Well, where to start.
My first thought was: If you can't answer those questions you asked, don't start this project.
If you pay someone to do this kind of work and you can't verify what he did, you must trust him/her 100%, else this is bound to fail and you may lose everything you invested.

My best tip is: Educate yourself. You don't need to be a programmer/developer but you have to understand the concept.


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cryptikco
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March 23, 2018, 10:27:30 PM
 #3

Well, where to start.
My first thought was: If you can't answer those questions you asked, don't start this project.
If you pay someone to do this kind of work and you can't verify what he did, you must trust him/her 100%, else this is bound to fail and you may lose everything you invested.

My best tip is: Educate yourself. You don't need to be a programmer/developer but you have to understand the concept.

I totally agree.  In addition, you need to have a plan that makes sense (i.e. a good whitepaper) that outlines exactly what the goals of your project are, a timeline for releases, and a description of your team.  If you're trying to do this to make money, no one is going to invest if it smells like a get-rich-quick scheme.
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March 23, 2018, 11:10:16 PM
 #4

I'm fairly new to the crypto world but I want to make my own blockchain and I want to target a specific industry and have tokens only allowed on it if they're SEC compliant.
For a non-programmer, I think it looks pretty easy to use previously written code, change a few things (with the help of a blockchain developer that i pay hourly from upwork.com) and deploy it.
Will I have to mine tokens myself?
Will I have to have very fast internet and an expensive computer to do that?
What are some things I'm not thinking of in this process...it sounds too simple.

Well, where to start.
My first thought was: If you can't answer those questions you asked, don't start this project.
If you pay someone to do this kind of work and you can't verify what he did, you must trust him/her 100%, else this is bound to fail and you may lose everything you invested.

My best tip is: Educate yourself. You don't need to be a programmer/developer but you have to understand the concept.

This. follow the advice

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fxstrike
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March 24, 2018, 04:16:07 AM
 #5

Paying programmer online (upwork.com) will open up your project to huge security risk, bitcoin gold do the same thing and its result in 3 million worth of BTC stolen, I myself doubt that btg is innocent in this case because after alerting them of the problem they still release malicious software and promoting website that steal seed word and private key.

You probably talking about starting token which is ethereum based, I think ethereum solidity is fairly easy to learn, once your have good grasp of what the code is doing you probably can hire someone to complete some part of it but you have control and know what is happening inside the code, remember this is not a software project this involve other people's money so you cannot simply just hire someone you know little about doing the job, whether you understand the code or not you still be responsible if there is anything happen.

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March 24, 2018, 03:13:05 PM
Merited by Nestade (1)
 #6

I'm fairly new to the crypto world but I want to make my own blockchain and I want to target a specific industry and have tokens only allowed on it if they're SEC compliant.
For a non-programmer, I think it looks pretty easy to use previously written code, change a few things (with the help of a blockchain developer that i pay hourly from upwork.com) and deploy it.
Will I have to mine tokens myself?
Will I have to have very fast internet and an expensive computer to do that?
What are some things I'm not thinking of in this process...it sounds too simple.

That's quite a task that you want to achieve considering that you have no programming experience whatsoever. It's hard to leave a task to a freelancer you don't completely know given that they could plant a dormant exploit on your code and hide a backdoor if it involves money. But anyways, if you want it to get done and you don't have the expertise to do so, they'd be your savior.

It is pretty easy to copy the codes and change some parts, but again it depends on how would you want to have your coin tailored since many changes could also mean a lot of time (and money) to be spent on your project. From the looks of it. this isn't a serious project at all, considering that you don't want to hire a full team of developers to work at such. Upon the creation of your token, you will have to mine it for yourself first and let everyone know that there is someone interested in mining it. You don't need the fastest internet in order to do mining, just a reliable and secure one. As for the machine you'll use to mine, it depends on what algorithm your token would be.

I'm not entirely familiar on how they create a new token/crypto but it does take a lot of work aside from hiring a relatively unknown developer. Good luck.

 
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charlie137
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March 24, 2018, 11:32:33 PM
 #7

why would you do that if you clearly wouldn't know what to do in a critical situation?

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component9
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March 25, 2018, 06:42:11 PM
 #8

Sounds like you need to do some more research and learning, however, there are services that create coins for you. Here's an article about one of them:

https://techcrunch.com/2017/10/13/build-your-own-token-sale-with-coinlaunchs-coincreator/

That's just one of many available.

Good luck
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March 26, 2018, 12:32:02 AM
 #9

Sounds like you need to do some more research and learning, however, there are services that create coins for you. Here's an article about one of them:

https://techcrunch.com/2017/10/13/build-your-own-token-sale-with-coinlaunchs-coincreator/

That's just one of many available.

Good luck


these services usually serve outdated software and you still not gonna be able to upgrade it in case of any exploit

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March 26, 2018, 12:57:11 AM
 #10

If you're making it just for fun, you better research for yourself so you really learn from the experience.
rooney567
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March 28, 2018, 07:52:20 PM
 #11

I'm fairly new to the crypto world but I want to make my own blockchain and I want to target a specific industry and have tokens only allowed on it if they're SEC compliant.
For a non-programmer, I think it looks pretty easy to use previously written code, change a few things (with the help of a blockchain developer that i pay hourly from upwork.com) and deploy it.
Will I have to mine tokens myself?
Will I have to have very fast internet and an expensive computer to do that?
What are some things I'm not thinking of in this process...it sounds too simple.

Well, where to start.
My first thought was: If you can't answer those questions you asked, don't start this project.
If you pay someone to do this kind of work and you can't verify what he did, you must trust him/her 100%, else this is bound to fail and you may lose everything you invested.

My best tip is: Educate yourself. You don't need to be a programmer/developer but you have to understand the concept.

This. follow the advice


This topic is very helpful. I'm having trouble I got an answer of what I wanted to know. Thanks for this information, it will be useful to me.
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