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Author Topic: I'm a nube and made a coin  (Read 90 times)
spectralcoin (OP)
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May 12, 2021, 04:17:46 PM
 #1

I am a total nube, but I made a coin on a site called wallet builders. It's actually pretty cool, I have learned a lot!! But this isn't an ad. My coin is based on litecoin, PoW. I am mining with one hosted node through them...(WB) and it's fun, even though I can buy more stuff with monopoly money than with my coin. But I'm trying to figure out where are the coins generated? ...or maybe I should say where is the PoW being done? Just on my little P2P network when I am connected to the node? Or does the node connect me to the Bitcoin/Litecoin network?

So what I am really wondering is...to make a coin popular, does it have to have lots of people hosting nodes and mining? Does each coin have it's own proprietary network of nodes??

Thanks in advance.
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May 12, 2021, 04:33:33 PM
 #2

Come on, how can you be a numb and yet you made a coin! Is that even possible or believable.  C++, coding and coin development is some pro shit and I seriously doubt a numb in cryptos, I don't mean the forum but cryptocurrency in general should be able to wrap his or her head around it, come on!

There is no point lying and 8m not saying you are l, especially about creating said coin but then, to be a numb and yet build a coin, I don't know what to think. There would be no point deceiving forum users though. Anyway, as a numb that you claim to be, I'll still encourage you to learn more, the forum is ever ready to help you scale true.

R


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May 12, 2021, 05:22:00 PM
 #3

Thats great!

...only im 100% certain you are one in a 1,000,000. If it was that easy to just make
a coin think of the other 999,999 others.

What disruptive tech is it?
What is it competing with?
What are your plans for it?

There are over 8000 other "recognised" coins already but only 3 imo with any credibility,
BTC, LTC and ETH (not its ERC tokens)

R


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May 12, 2021, 05:33:26 PM
Last edit: May 12, 2021, 05:48:17 PM by DooMAD
 #4

Come on, how can you be a numb and yet you made a coin! Is that even possible or believable.  C++, coding and coin development is some pro shit and I seriously doubt a numb in cryptos, I don't mean the forum but cryptocurrency in general should be able to wrap his or her head around it, come on!

No, there's definitely software that generates a new forked blockchain with relative ease.  It's like an unwritten rule that we generally don't want to go about promoting that fact, though, for obvious reasons.  To do coin development properly takes skill, yes.  But literally anyone can churn out a dozen clone-coin knock-offs without much effort.  Why do you think there are so many pump'n'dumps out there?



So what I am really wondering is...to make a coin popular, does it have to have lots of people hosting nodes and mining?

You'll probably get a number of different answers to that question.  I think the easiest answer is to say that there isn't one particular thing that makes a coin popular.  It's a combination of factors.  But it feels like everyone is looking for their own preferred combination.  You can't please everyone.

For me, it's more about the principles.  As with most things, strong foundations are important.  If you build your coin based around a particular ethos and pursue that ethos relentlessly, never abandoning those principles, that's a good start.  If you can find others who share that vision, particularly ones who are talented coders who can build a reliable and securely robust system, then it's better.  And if you can do all of that while not succumbing to the temptation of a pre-mine to "fund development", then better still.  It's surprising the number of project who can't even get those bits right.  Beyond that, yes, it's about network effects.  The more users you have, the more useful your network becomes.   


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spectralcoin (OP)
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May 12, 2021, 07:32:56 PM
 #5

Come on, how can you be a numb and yet you made a coin! Is that even possible or believable.  C++, coding and coin development is some pro shit and I seriously doubt a numb in cryptos, I don't mean the forum but cryptocurrency in general should be able to wrap his or her head around it, come on!

There is no point lying and 8m not saying you are l, especially about creating said coin but then, to be a numb and yet build a coin, I don't know what to think. There would be no point deceiving forum users though. Anyway, as a numb that you claim to be, I'll still encourage you to learn more, the forum is ever ready to help you scale true.

i said I did it with walletbuilders.com
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May 12, 2021, 07:37:25 PM
 #6

It's one thing to make a coin and it's another thing to have it out in the market so people can discover and trade on it and it's also another thing for it to become successful and popular.
What makes a coin great is a combination of many factors if you ask me, a good coin have to solve atleast 1 real life or on chain problem, this is called use case in the lame man's language, another thing a good coin should have is a good team building the project, and another is money to build, like it or not, you can create a good project but without money to push it out or market it to the general public, the project remains with you, having a good community of supporters is another, good marketing is another but I believe this should be under good team members.
This are the few things I can think of right now that I believe makes a coin or project great, many people will still have others, so I guess it's cool to say that the list is endless.

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May 12, 2021, 07:42:47 PM
 #7

It's one thing to make a coin and it's another thing to have it out in the market so people can discover and trade on it and it's also another thing for it to become successful and popular.
What makes a coin great is a combination of many factors if you ask me, a good coin have to solve atleast 1 real life or on chain problem, this is called use case in the lame man's language, another thing a good coin should have is a good team building the project, and another is money to build, like it or not, you can create a good project but without money to push it out or market it to the general public, the project remains with you, having a good community of supporters is another, good marketing is another but I believe this should be under good team members.
This are the few things I can think of right now that I believe makes a coin or project great, many people will still have others, so I guess it's cool to say that the list is endless.

very good points. I guess this project is really only for my own exploration.
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May 12, 2021, 07:45:52 PM
 #8

It's one thing to make a coin and it's another thing to have it out in the market so people can discover and trade on it and it's also another thing for it to become successful and popular.
What makes a coin great is a combination of many factors if you ask me, a good coin have to solve atleast 1 real life or on chain problem, this is called use case in the lame man's language, another thing a good coin should have is a good team building the project, and another is money to build, like it or not, you can create a good project but without money to push it out or market it to the general public, the project remains with you, having a good community of supporters is another, good marketing is another but I believe this should be under good team members.
This are the few things I can think of right now that I believe makes a coin or project great, many people will still have others, so I guess it's cool to say that the list is endless.

very good points. I guess this project is really only for my own exploration.
And there is nothing wrong with that. Try it test it and do some research on how it all works so maybe sometimes in the future you can make something for mass people. Every start is hard.
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