Should we all not have our own bitcoin?

[fauzan123]

I don't know if you understand how the system works do you think if we can do that we won't do it? do you think if everyone of us have coin do you think eveyone of it would have a value at all?

This is just one take on a hypothetical world where every single person has their own cryptocurrency, where each of us is responsible for the economics of our own time, our own credit, our own work, and our own reputation.

Even if this is completely off from any realistic scenario, I think it’s extraordinarily helpful to step outside of the repetitive conversations in this space and imagine new things.

[Jet Cash]

I have my own coin, it's AssuredCoin. It must be amazingly valuable, because no coins have been issued or created yet.

[Gozie51]

I have my own coin, it's AssuredCoin. It must be amazingly valuable, because no coins have been issued or created yet.

Really oh... Lol You need to get us information on that,  how to get your wallpaper men... Sure you do a good valuable project.

I think everyone in the world should make a coin with the same supply.  That would be more legit than working for another mans supply... Or have 1 coin we all earn at the same rate upon creation of supply.

You surely will have shut everywhere.  That is not even needed when there is decentralized  coin,  bitcoin.

[Sterbens]

You an also put dog shit in a bag and use it as a medium of exchange and nobody can prevent you from doing so but also you can't force other people to use your "currency". However, if you create a market for the dog-shit-in-a-bag coin and pump and dump it some people will come and trade it for a while before it dies.

In the end only thing remains and that is the decentralized bitcoin that nobody owns or controls.

and the point is that having the best quality will be our goal. and that is the high point at which all coins remain subject. Bitcoin is a freedom not subject to any party.

[Kakmakr]

There is not enough "use cases" for all the millions of people around the world to have a coin for every person. It takes a lot of time and effort to develop your own Alt coin and then you have to influence other people to adopt your coin. This is not a easy thing to market for a new coin, so many people fail very quickly after they launched their new coin.

The people who you mentioned, all put in the knowledge and time and money to market their coins and they also pitched their coins to investors. (Some people tried to scam other people into believing that their coin was the "real" Bitcoin, but we will leave that there.) 

[goldade]

It is impossible for everyone to create their own coin. Why would you even think of that in the first place? If everyone creates their own coin, who else would use the coin since the other person has his own?
Secondly, you should know that when supply is more than demand, the value of coins will drop and if this continues, the value will eventually drop ro zero which means that almost every coin created will be worthless.
Thirdly, Don't forget that the value of a coin is determine by supply and demand of the market and since everyone have their own coin, who then will demand and supply?

[20kevin20]

Create your own. I barely ever used any other fiat currency besides my local (RON), EUR and USD yet there are 180 currencies in the world. Yours would be even more useless than all those 173 have ever been for me, if you want an imaginable comparison.

[vintages]

There is no prevention for it, you are free to do so afterall the blockchain and the Internet is big for everyone. Just be ready to be the only one who would be using your coin.

But then, a coin is nothing without massive adaption or acceptance

[MCobian]

It is impossible for everyone to create their own coin. Why would you even think of that in the first place? If everyone creates their own coin, who else would use the coin since the other person has his own?
Secondly, you should know that when supply is more than demand, the value of coins will drop and if this continues, the value will eventually drop ro zero which means that almost every coin created will be worthless.
Thirdly, Don't forget that the value of a coin is determine by supply and demand of the market and since everyone have their own coin, who then will demand and supply?

Everything you say is absolutely true, it would be weird if everyone had their own crypto coins. That's a very strange thought, I never even thought
about it. Because who will buy our coins, if other people have their own coins. And will not run supply and demand, because there is no demand for
the coins we have. If every country has their own crypto coins I still understand a little, because those who will buy are their own citizens. So before
we share ideas with others, please think about them carefully.

[Sanugarid]

I think everyone in the world should make a coin with the same supply.  That would be more legit than working for another mans supply... Or have 1 coin we all earn at the same rate upon creation of supply.

First of all, only a few people in the world are capable of creating their own coin and most of them are not even aware of the existence of cryptocurrency. Everyone owning a coin? That's absurd. Who will support your coin if everyone thinks the same way as you? I guess promoting and persuading people to invest in your coin is the difficult part of having your own coin. If no one wants to invest then its value means nothing for a while. Lastly, there's no guarantee that it won't be able to compete against top-performing coins it will take more than years to compare.

[acener]

Should we all not have our own coin?

@VitalikButerin has eth
@rogerkver has bch
@chaumdotcom has xx
@SatoshiLite has ltc
@adam3us has btc

and 8000 others have their own coin.

I think everyone in the world should make a coin with the same supply.  That would be more legit than working for another mans supply... Or have 1 coin we all earn at the same rate upon creation of supply.

What's the point of having your own coin when it doesn't even have a value or demand?
And also what would be the purpose of creating your own coin?
Each coin have their own platform or uses so if you would just create one it could be useless.

[nebuch]

Should we all not have our own coin?

@VitalikButerin has eth
@rogerkver has bch
@chaumdotcom has xx
@SatoshiLite has ltc
@adam3us has btc

and 8000 others have their own coin.

I think everyone in the world should make a coin with the same supply.  That would be more legit than working for another mans supply... Or have 1 coin we all earn at the same rate upon creation of supply.

Well, even these days there are thousands of shit coins floating in the market. Some of shit coins are really dead and totally forgotten in crypto sphere. If everyone should have their own coins. What will be the face of crypto? I assume rampant scammers problems will become the trend due to huge volume of different coins created by everyone. Thanks, that majority doesn't have the ability to do so their own tokens.

[peter0425]

Should we all not have our own coin?

@VitalikButerin has eth
@rogerkver has bch
@chaumdotcom has xx
@SatoshiLite has ltc
@adam3us has btc

and 8000 others have their own coin.

I think everyone in the world should make a coin with the same supply.  That would be more legit than working for another mans supply... Or have 1 coin we all earn at the same rate upon creation of supply.

We must all have our Own bitcoin because there is a soon demand for this , and surely Dominate the whole world currency in time.

Bitcoin is for Future and those mentioned above? lets see how they will stand long against bitcoin for another 10 years from now.

[Kittygalore]

We must all have our Own bitcoin because there is a soon demand for this , and surely Dominate the whole world currency in time.

Bitcoin is for Future and those mentioned above? lets see how they will stand long against bitcoin for another 10 years from now.

I think what OP is pertaining to is that we all should have our own coin and not bitcoin, though I agree with your statement, I don't see the connection to the topic. To OP, if everyone has their own coin, it doesn't necessarily mean that it will have a value like bitcoin because if everyone has their own coin then there will be a lot of competition and competition will mean lower prices.

[bosede1]

If you have all that it entails you can go for it but I don't think it is that easy. Having your own coin does not stop you from having others like you saying you should only stick to what you are producing and not get from others.

[DdmrDdmr]

But you already can … (but shouldn’t) :

Bitclout is a decentralized crypto social network, where every profile has its own token that gains or loses values on the platform. There are well known profiles such as Musk and Biever with their token up for sale. Slight problem: they did not create those accounts themselves, but rather were placed there as "reserved" accounts, should the real person want to join the platform (but let’s exploit the tokens associated to their names meantime).
 
Some of the platform’s "features":
-   Everyone can have their own "coin".
-   To Access the network, you need to pay (all payments are made with bitcoin).
-   To Access their support line you need to pay.
-   The tokens only have "value" within the platform, but no current market value outside.
-   If a profile is deleted, the token loses its value for all posessors.
-   You can't currently change any of those tokens for fiat, nor back to bitcoin.
-   The have allegedly moved around 160M$ worth of bitcoins through the platform.
-   There are reasonable doubts on how they secure the keys (to the tokens presumably).
-   There is no face Company behind, but rather an anonymous group.

Wonder what could go wrong there? but hey, everyone can have and trade their own "shitcoin" …

See: https://www.coindesk.com/what-is-bitclout-the-social-media-experiment-stoking-controversy-on-twitter

[Cling18]

Should we all not have our own coin?

@VitalikButerin has eth
@rogerkver has bch
@chaumdotcom has xx
@SatoshiLite has ltc
@adam3us has btc

and 8000 others have their own coin.

I think everyone in the world should make a coin with the same supply.  That would be more legit than working for another mans supply... Or have 1 coin we all earn at the same rate upon creation of supply.

If you're capable of doing one then why not but you have to be sure that you'll notice the things that you have to consider. Getting the trust of investors and creating a good reputation is no joke so you have to make a concrete plan including the real function of your coin. There are lots of coins that are created by huge people before yet most of them have failed so you have to think well before proceeding to the next step.