How do I make a coin?

[TribalBob]

We need a thread that deals with killing clone coins rather than making new ones.
Copycats are just bad for the environment , we need real new coins with some advantages , not tweaks on Bitcoin

You worry too much, you should encourage people to explore bitcoin's code and learn more about it. Yes, there will be a bunch of random clones, but there will also be people who will have new and innovative ideas.

The code is really not that complicated to learn for people who are willing to put forth the time and effort.

I think people should be able to freely clone and edit the source with as much ease as possible, it will encourage people to create niche coins for their own online websites and applications.

There's enough room online in the crypto world for more than just Bitcoin.

[nate008]

We need a thread that deals with killing clone coins rather than making new ones.
Copycats are just bad for the environment , we need real new coins with some advantages , not tweaks on Bitcoin

You worry too much, you should encourage people to explore bitcoin's code and learn more about it. Yes, there will be a bunch of random clones, but there will also be people who will have new and innovative ideas.

Python is really not that complicated to learn for people who are willing to put forth the time and effort.

I think people should be able to freely clone and edit the source with as much ease as possible, it will encourage people to create niche coins for their own online websites and applications.

There's enough room online in the crypto world for more than just Bitcoin.

Yeah , people can explore the bitcoin node , and it's something they should do
But people shouldn't copy the code , replace bit with world cat beer junk , premine at least 20% , give 1% in giveaway on bitcointalk , and pay around 10 shills for support on the board.

Also , each coin is drawing hashpower from others , making all of them weaker.

 

[TribalBob]

Yeah , people can explore the bitcoin node , and it's something they should do
But people shouldn't copy the code , replace bit with world cat beer junk , premine at least 20% , give 1% in giveaway on bitcointalk , and pay around 10 shills for support on the board.

Also , each coin is drawing hashpower from others , making all of them weaker.

Well, in that case it's really the exchange owners who are to blame for accepting bribes to put coins which offer nothing new on their exchanges...

But there's nothing wrong with John Doe who wants to make a coin and starts by doing a simple clone with only basic changes just to walk through the process once and learn what it is he is doing and how the program works, where all the functionality takes place and what will/won't break the program when it's messed with.

And I really don't care if it takes hashpower away from other networks, people should feel free to mine whatever they want, wherever they want, when ever they want. If a network can't stand up to a loss in hashing power then that coin was flawed to begin with.

[nate008]

Yeah , people can explore the bitcoin node , and it's something they should do
But people shouldn't copy the code , replace bit with world cat beer junk , premine at least 20% , give 1% in giveaway on bitcointalk , and pay around 10 shills for support on the board.

Also , each coin is drawing hashpower from others , making all of them weaker.

Well, in that case it's really the exchange owners who are to blame for accepting bribes to put coins which offer nothing new on their exchanges...

But there's nothing wrong with John Doe who wants to make a coin and starts by doing a simple clone with only basic changes just to walk through the process once and learn what it is he is doing and how the program works, where all the functionality takes place and what will/won't break the program when it's messed with.

And I really don't care if it takes hashpower away from other networks, people should feel free to mine whatever they want, wherever they want, when ever they want. If a network can't stand up to a loss in hashing power then that coin was flawed to begin with.

Picture it in other way.
A company running a factory in town x , goes to town y where their main competitor is running his business , start a new factory and offer three times the payout. Because the second owner can't afford it and can't find qualified peoples he has to close it down (51% attack). Then with the competitor gone , the guy from town x will also close the second factory and leave the people unemployed.

This is the way scamcoins feed.

[Bitcoin-hotep]

We need a thread that deals with killing clone coins rather than making new ones.
Copycats are just bad for the environment , we need real new coins with some advantages , not tweaks on Bitcoin

Tweaks on devcoin are the way to go

[Bitcoin-hotep]

We need a thread that deals with killing clone coins rather than making new ones.
Copycats are just bad for the environment , we need real new coins with some advantages , not tweaks on Bitcoin

You worry too much, you should encourage people to explore bitcoin's code and learn more about it. Yes, there will be a bunch of random clones, but there will also be people who will have new and innovative ideas.

The code is really not that complicated to learn for people who are willing to put forth the time and effort.

I think people should be able to freely clone and edit the source with as much ease as possible, it will encourage people to create niche coins for their own online websites and applications.

There's enough room online in the crypto world for more than just Bitcoin.

Exactly I can't wait to see an application you can just download and enter values into boxes then have a selection of coins to clone and click "create coin" then a share on facebook and twitter button

Everyone in the world would know how to make coins and people that were good with computers would all want to manipulate the codes

[TribalBob]

Picture it in other way.
A company running a factory in town x , goes to town y where their main competitor is running his business , start a new factory and offer three times the payout. Because the second owner can't afford it and can't find qualified peoples he has to close it down (51% attack). Then with the competitor gone , the guy from town x will also close the second factory and leave the people unemployed.

This is the way scamcoins feed.

I understand your theory, but my point is (as I said): "If a network can't stand up to a loss in hashing power then that coin was flawed to begin with."

[nate008]

Picture it in other way.
A company running a factory in town x , goes to town y where their main competitor is running his business , start a new factory and offer three times the payout. Because the second owner can't afford it and can't find qualified peoples he has to close it down (51% attack). Then with the competitor gone , the guy from town x will also close the second factory and leave the people unemployed.

This is the way scamcoins feed.

I understand your theory, but my point is (as I said): "If a network can't stand up to a loss in hashing power then that coin was flawed to begin with."

No coins , not even bitcoin is able to deal with a hashpower issue generated by somebody willingly losing money to drive miners out..
Maybe in the future , but not right now.

[TribalBob]

Picture it in other way.
A company running a factory in town x , goes to town y where their main competitor is running his business , start a new factory and offer three times the payout. Because the second owner can't afford it and can't find qualified peoples he has to close it down (51% attack). Then with the competitor gone , the guy from town x will also close the second factory and leave the people unemployed.

This is the way scamcoins feed.

I understand your theory, but my point is (as I said): "If a network can't stand up to a loss in hashing power then that coin was flawed to begin with."

No coins , not even bitcoin is able to deal with a hashpower issue generated by somebody willingly losing money to drive miners out..
Maybe in the future , but not right now.

The Bitcoin network is increasing in hashpower every day, the difficulty has been increasing ~15% every 11 days for sometime now with even higher spikes more recently.

I promise, a couple of startup coins that 90% of which will never see an exchange will never be able to hurt Bitcoin's hashrate.

[nate008]

Picture it in other way.
A company running a factory in town x , goes to town y where their main competitor is running his business , start a new factory and offer three times the payout. Because the second owner can't afford it and can't find qualified peoples he has to close it down (51% attack). Then with the competitor gone , the guy from town x will also close the second factory and leave the people unemployed.

This is the way scamcoins feed.

I understand your theory, but my point is (as I said): "If a network can't stand up to a loss in hashing power then that coin was flawed to begin with."

No coins , not even bitcoin is able to deal with a hashpower issue generated by somebody willingly losing money to drive miners out..
Maybe in the future , but not right now.

The Bitcoin network is increasing in hashpower every day, the difficulty has been increasing ~15% every 11 days for sometime now with even higher spikes more recently.

I promise, a couple of startup coins that 90% of which will never see an exchange will never be able to hurt Bitcoin's hashrate.

Hihi , that's because bitcoin is sha256 , and most coins are scrypt , just for marketing , 'gave coins to the poor' slogan .

The LTC people on the other side are getting nervous.
A mining pool that has a lot of new miners , mining for crazy for the most profitable coin out there , rewarding them 10 times as more with a fake coins  would gain enough power to make a hit on the LTC network if they make the switch.
Until the miners realize what they are doing it will be a little late
But lets' hope it won't happen.

[sonicby]

Clone novacoin.
It has a combined generation mechanism.
Resistance to 51% attack.

What is combined generation mechanism?

50 %  coins generated by  "proof of work".
50 % coins generated by "proof of stake".
Attack with hash power impossible.

[nate008]

Clone novacoin.
It has a combined generation mechanism.
Resistance to 51% attack.

What is combined generation mechanism?

50 %  coins generated by  "proof of work".
50 % coins generated by "proof of stake".
Attack with hash power impossible.

No , to be a novacoin clone you must first premine 200k of the coins. Also since nvc is based on ppc , it is a clone itself.

[pand70]

We need a thread that deals with killing clone coins rather than making new ones.
Copycats are just bad for the environment , we need real new coins with some advantages , not tweaks on Bitcoin

If there is a market for those crap coins then so be it. I think informing people about how those coins usually end is enough.

[Bitcoin-hotep]

We need a thread that deals with killing clone coins rather than making new ones.
Copycats are just bad for the environment , we need real new coins with some advantages , not tweaks on Bitcoin

If there is a market for those crap coins then so be it. I think informing people about how those coins usually end is enough.

Sure clones never make it but there is never a coin based on anything

Like a Bitcointalk coin or a USA coin or a Medicare coin or NAFTA coin

Just something people can actually get behind

[ocean59]

What exactly is your understanding of bitcoin, and how it came to be? Truly curious.

[Bitcoin-hotep]

What exactly is your understanding of bitcoin, and how it came to be? Truly curious.

I learned about it after learning about the silk road I joined the silk road as I was interested in the whole idea but I never used it Because I do not use hard drugs so I had no use for it

I started watching here shortly after and joined the facebook groups I have been watching altcoins and been wanting to make one for a while Then with the birth of doge I realized that I needed to stop waiting to make a coin before it was too late

My understanding of bitcoin is that it needs to be known about by everyone and is not yet
My understanding of bitcoin is that most people misunderstand it as a volatile market when it is actually just a market that has not even gotten started
My understanding of bitcoin is that it needs altcoins to bring new people to it
My understanding of bitcoin is that it is the future of currency

[Bitcoin-hotep]

I heard that China isn't letting people put money on the exchanges any more

So time is prime for a series of Asia coins

Russia Coin
Singapore Coin
India Coin

As well as Chinese regional coins

Anhui (安徽) — Hefei (合肥)
Fujian (福建) — Fuzhou (福州)
Gansu (甘肃) — Lanzhou (兰州)
Guangdong (广东) — Guangzhou (广州)
Guizhou (贵州) — Guiyang (贵阳)
Hainan (海南) — Haikou (海口)
Hebei (河北) — Shijiazhuang (石家庄)
Heilongjiang (黑龙江) — Harbin (哈尔滨)
Henan (河南) — Zhengzhou (郑州)
Hubei (湖北) — Wuhan (武汉)
Hunan (湖南) — Changsha (长沙)
Jiangsu (江苏) — Nanjing (南京)
Jiangxi (江西) — Nanchang (南昌)
Jilin (吉林) — Changchun (长春)
Liaoning (辽宁) — Shenyang (沈阳)
Qinghai (青海) — Xining (西宁)
Shaanxi (陕西) — Xi'an (西安)
Shandong (山东) — Jinan (济南)
Shanxi (山西) — Taiyuan (太原)
Sichuan (四川) — Chengdu (成都)
Yunnan (云南) — Kunming (昆明)
Zhejiang (浙江) — Hangzhou (杭州)

Guangxi Zhuang (广西壮族) — Nanning (南宁)
Inner Mongolia (内蒙古) — Hohhot (呼和浩特)
Ningxia Hui (宁夏回族) — Yinchuan (银川)
Xinjiang Uighur (新疆维吾尔族) — Urumqi (乌鲁木齐)
Tibet (西藏) — Lhasa (拉萨)

Hong Kong (香港)
Macau (澳门)

Beijing Municipality (北京)
Chongqing Municipality (重庆)
Shanghai Municipality (上海)
Tianjin Municipality (天津)

[pand70]

I heard that China isn't letting people put money on the exchanges any more

So time is prime for a series of Asia coins

How is that going to help the situation? 

[zero9119]

get a better name for it pls
like ShekelCoin or FeelCoin

[Bitcoin-hotep]

I heard that China isn't letting people put money on the exchanges any more

So time is prime for a series of Asia coins

How is that going to help the situation? 

Because if they have regional coins they will be able to identify then they will mine them and tell friends in their region to mine them

Then eventually China would not need cash to buy coins They could just use their cash to buy computer equipment and use altcoins to buy bitcoins

It is the only way to keep China in the game now that they can't use their money Otherwise they will just drop crypto over time