Bitcoin21x

(Backstory)
I… missed the Bitcoin craze. In 2009 I was running BOINC on my computer dreaming about “renting hard drive space” like real estate. For years I had no idea what bitcoin really was. I invested in a bitcoin mining stock in 2015, HSHS, it went bankrupt. I never even checked the price. I like to go to the park and I’m a musician. But in March 2024 I randomly googled bitcoin and noticed the price. $70K. I researched and found it started at $.00099. And investing gurus predicting a price of $1M in 2030. I once heard someone say something about “the exchange rate”….. I always wanted to be a trillionaire and cure diseases. I have big “crazy” ideas about solar panels that don’t break and innovative ways to make alien contact. I love Lord of the Rings.

I immediately researched the Bitcoin white paper and realized Satoshi Nakamoto was a genius, someone like the 1995 movie “Hackers.” I realized, if I had known about it, I would’ve mined it since 2009 and been one of bitcoin’s greatest proponents. I know you all are. But I thought to myself, what about everyone else who missed the Bitcoin craze? The Bitcoin suicides? What if we had a chance to do it all over again?
I researched Bitcoin mining companies and found they operate at a loss, and every one of their stocks’ 52-week lows are down at least 75% off their peaks. RIOT is 99.97% off its all-time high. Don’t these companies want to recapture lost glory, and actually generate Net Gains?

So I came up with a trillion dollar plan.

(Bitcoin21x project, mining and trading)
I commissioned a blockchain company to make a new coin, just like Bitcoin, called Bitcoin21x, exactly like Bitcoin but people don’t have to wait 21 years for it to increase in value: 21x the block release rate, halving rate, difficulty adjustment rate, with 51 million supply (to give mining companies more coins to mine) and rewards start at ~121 coins/block, web wallet and website. By rapidly increasing in scarcity at 21x the rate, the idea is it can go from $7 to $70K in less than a year…. I think the average consumer is locked out of profiting from a dramatic increase in Bitcoin price, but would otherwise heavily invest if the price was low enough. Bitcoin21x capitalizes on this demand.

My plan is to mine it for a few months, secretly, then go to the public and say hey, missed out on bitcoin at $7? Well, heres' 30 million coins for the world. Enjoy. The world is going to swarm, the hash rate is going through the roof, securing the network. Mining pools love it. And the world loves the low price and everybody wins.

But I’m concerned about the public part… I have a small remaining budget, $12K…my developers tell me it needs trading volume before I can market it to the public, large mining companies and list on large exchanges, but on the other hand I need to bring in the public, large exchanges and large mining companies to generate trading volume. Bit of a catch-22.

I also see an opportunity to create a trading platform, following the Binance model, using Bitcoin21x as a utility token. Although it has a lower supply than BNB, a higher price would enable the use of smaller units to pay for trading fees.

(Question 1)
It has illustrious advantages for Bitcoin. It can be dual-mined, as a benefit to the mining community, and offers rapid value appreciation, drawing a new generation of investors to the crypto economy. It could be used as leverage to the benefit of Bitcoin, strengthening the Bitcoin Blockchain and digital currency ecosystem. There’s a lot of opportunity here to shape and mold the outcome of Bitcoin21x, to the benefit of all involved; would anyone like to get involved, perhaps in the pre-mining with the prospect of tremendous ROI, and take me under their wing and help guide the project to public success?

(Question 2)
At ~121 coins/block and 210,000 blocks, there are 25,500,000 coins available to mine over the course of the first 69.44 days (before the first halving) after mainnet launch. The plan is to list it on an (several) exchange(s) at $7/coin after the first halving- very lucrative. I can provide more detailed information as needed. But the project will definitely fail without integrity, decentralization, authority, integration, 3rd part developer involvement and support in the Bitcoin community. Would anyone like to join me and guide or even lead this project to fruition in return for the opportunity to pre-mine?

I don't think your plan for this new cryptocurrency is gonna work out the way you want. Look, I get the appeal of trying to jump on the crypto train after missing out on Bitcoin's insane gains over the years. Who wouldnt want a second chance at that kind of money? But just copying Bitcoin with some tweaks ain't the golden ticket you think.

This market's already chock full of altcoins all promising they're faster and better. But being fast aint everything and you gotta bring something unique to the table, give people a real reason to buy in. All this talk of capturing Bitcoin's momentum and reaching a trillion dollar market cap - it's real pie in the sky stuff if you ask me. Makes for a nice headline but where's the substance?

I admire the ambition here, I really do. But this plan of yours comes off as just another get-rich-quick scheme trying to cash in on what Bitcoin already did. That aint how this works though. Past success don't guarantee future success - especially if you don't understand what made it work in the first place. I'd go back to the drawing board if I were you. Find your cryptos real purpose, its true value add - that's how you give it a fighting chance. Just my two cents.

I do love your idea and hear your passion even over the screen, however, I do believe that FatFork is right. If everybody could just repeat Bitcion over and over with the same success, why wouldn't they? There is always a catch, and the idea behind the coin, being the utility or just a good meme picture - is key to success. Nobody does something and it's just for the money - as why people should follow you then? Fore more money, of course - but that's it, end of the road, square and clear.

New coins are just not needed. Unless you plan on having some sort of new tech laid out into your project what's the point other than to just have another useless coin in the market. We need to get to a point where people just realize this, consolidate the market and then everyone's bag will pump. People just keep trying to chase 2009 bitcoin

Quote from: wheelz1200 on July 19, 2024, 07:15:09 PM

The cryptocurrency industry have been pleaque with alot of fake coins and all aimed at just making hylt or taking advantage of the already existing hype to take advantage of the gullible investors who may not have adequate knowledge about the market, much more also we see how some of those so called newcoins try to copy the older and successful coin in one way or the other, such as this one, the project made the name similar to bitcoin, just to get attention to their project.

But that is by the way, and also as it is we have alot of things to put into consideration before we dive into anything significant in this thread and those are the values and utility ability of those coins, I agree with you on the fact that we do not need so much tokens in the market, but what we need now is support on the development and advancements of the already existing ones that we have in the market, but then let see what it turn out to be with this particular project if what the used bitcoin name to gain them that attention the wish.