closed

[matt4054]

Ripples, nxt, mastercoin are also not minable coins right?

Correct. Although NXT is 'diggable', but with pure PoS it just means an insane interest rate for the richest, and nothing for those who have nothing in the first place. Kind of fiat 2.0 without the FRB bomb maybe?

Interest in Nxt is the same for everyone (x%). Next time read more before black marketing

Yeah right. I am an evil Member of the Bitcoin Foundation. Obviously I'm just pushing my agenda, and my statement was misleading indeed. I stand corrected, and I'm rephrasing:

"Although NXT is 'diggable', but with pure PoS it just means an insane interest rate for the richest, and nothing for those who have nothing in the first place. Kind of fiat 2.0 without the FRB bomb maybe?"

Better so?

[jootjejodel]

Aren't NGO's non-profit organizations?

Thats true! But that doesn't mean an NGO works only with volunteers!
I would need to pay a decent loan to workers for my NGO here in Colombia (the country)
Ofcourse if i do very good i will also keep some profit for myself!
80% for the NGO
20% for me
OR
90% for the NGO
10% for me

Ok it makes people mad that i want to create a coin that is not minable!
I think it would only be more hard to get it on the market and to make it raise in price!

But i think most people that starts a coin do it for a small profit!
That means they did some pre mining!
Then my question is what is a reasonable premining?

[elixir]

WTB 1 million jootjejodelcoin. pm me with offers

[jootjejodel]

WTB 1 million jootjejodelcoin. pm me with offers

1 JJC = 1 BTC

you can deposit here:
1MQPAjekTwXeeEzU7WuKQ1yFC22rLdRQZ3

But serious how what is a normal acceptable % to premine?

[jootjejodel]

Please people!

What is a acceptable percentage to premine?

[zackclark70]

Please people!

What is a acceptable percentage to premine?

0% -1% depending on howlong it would take the users to mine the same amount of coins

[snailbrain]

I know everyday there is altcoins created!
And yeah i want to create my own!
But i'm not smart enough to create one myself!
And as everyone i think my coin will make it to the moon!
So i ended up with coingen.io!
After reading this forum i understand my coin will never be succesfull if its created with coingen.io!
Thats why i'm searching for devolpers!
I want to create a coin witch is not mineable! So for example i choose to release 100 million coins. Then all 100 million coins will be directly in my wallet! After that i will start selling them! What do you think about this?

Any thips?
- I tried finding people on freelancer.com but i'm not sure if you can find honoust good developers there!
- Probably there is people here that can help me to create one against bitcoins! You can put your offer here!
- Any other places where i can find skilled people to do this job?

Kind Regards,

Johan

i cannot stop laughing.. so funny - love you lol

[Stinky_Pete]

80% for the NGO
20% for me
OR
90% for the NGO
10% for me

I think you would do better with
100% for the NGO
NGO gives you a job at a reasonable wage.

Have you looked at Worldcoin? Why not go and work for them?

[barryzand]

shame on you man... as a fellow dutch guy ( at least by your name i think youre dutch) im ashamed of you man....literaly asking people to create a coin... where you can get profit out.... thats really out of the box nowadays indeed! Premine? if its spend in a good way... yes... but this is just a fucking joke....

sweet dreams boy!

[rednalexa]

Ripples, nxt, mastercoin are also not minable coins right?

Correct. Although NXT is 'diggable', but with pure PoS it just means an insane interest rate for the richest, and nothing for those who have nothing in the first place. Kind of fiat 2.0 without the FRB bomb maybe?

Mastercoin, though not minable per se, is not really a coin of its own, but a extra layer over the existing BTC block chain.

Ripple is not minable, but it's quite innovative in itself. Besides, the XRP in your Ripple account are not supposed to be your "Ripple wealth", theoretically you only need a few to push your trust lines to the ledger, and then work with any currency that you like (through IOUs of course, this is Ripple). Some Bitcoiners hate it mostly because of the proprietary stuff in it and it's bond with Ripple Inc, a for-profit corporation.

tl;dr: you'll have to be really innovative if you want success with a non-minable coin.

So you would suggest in case i create a coin to create a minable coin? And what is a reasonable premine or shouldn't there be any premine done?

No, our suggestion is that you don't create a coin at all until you have more knowledge

[ISAWHIM]

If there is no mining, then you don't need mining-wallets.

If you are just selling "virtual currency", and limiting yourself, "so you say", to x-coins... First, you need proof of that claim, which you can be held accountable for. Second, how could anyone sell them, if you also sell them. They would have to sell for a loss, to under-cut you. (That would also promote theft, more than honest sales.) If you are just "selling" then that is 100% income, and you can be sure that you will have to pay a heavy tax on that. Not to mention, ensuring that you are not collecting money from illegal activities, backed-up with proof. (That requires you to register as a money broker.)

Why would anyone want to "buy" your coin, when they could just use a dollar? The value will never go up. That would make them "shares", and them "Share holders", and you a "Share provider". That is a whole other ball-game. You would have to actually offer to "buy back", your own shares, and offer refunds, and accept losses yourself. (As opposed to throwing the loss on those currently holding your coins, by raising your value to sell the coin, or by devaluing their held coins.)

Since this is neither an "alt-coin" or a "bit-coin", but just another "virtual currency"... I believe this topic should be moved to "off topic".

Without people mining, you have no network to distribute your coins. Everyone isn't just going to leave their wallets open, and HOPE that you are running machines to handle all the transactions yourself.

[matt4054]

So you would suggest in case i create a coin to create a minable coin?

You have to create a remarkable coin, at the very least (that may not even be enough), and do some research as rednalexa said above. Additionally, yes, I believe it has to be minable or at least with a "land rush" mechanism to distribute the money supply as cleverly as possible.

Selling a coin whose only purpose is to make you and *only* you insanely rich is quite unattractive to others. I would obviously (!) not advise doing this but even a classic Ponzi scheme is much more attractive actually

Amusingly, minable in French means pitiful. If your coin is just a copy of a copy of a copy, that's what it will be...

[MicroGuy]

you would be better off working with someone that runs an existing coin that way you can help contribute without making another coin  

I like this idea!  

[R0yalAir]

you probably need to hire a programmer to code your own altcoin @OP

[j23a]

Please release this coin soon. I want to send you two Bitcoins for 200,000. Then I can sell them for 4 Bitcoins and make a profit. Heck, I'll give you 4 Bitcoins for 400,000 so that I can sell them for 8 Bitcoins. Just hope it makes it to an exchange soon.

[Rampion]

I want to create a coin witch is not mineable! So for example i choose to release 100 million coins. Then all 100 million coins will be directly in my wallet! After that i will start selling them! What do you think about this?

We think that you are exploring a whole new level of stupidity.