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Author Topic: Anyone can create a cryptocurrency, but can anyone create another Bitcoin?  (Read 660 times)
hd49728
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Today at 08:18:42 AM
 #81

Indeed. There are too many scammers or bad people who are trying to deceive others. If they offer a project to create a new Bitcoin, it must be a scam project. Honestly, I'm not interested in the idea of a new Bitcoin because it looks a very bad way imitating Bitcoin. No one will trust the idea because there is no way to imitate it. People must be aware that Bitcoin will remind Bitcoin, there is no Bitcoin with another version.
Scammers can be smart or stupid and the fact about victims is very painful because they lost money to scammers by very traditional and popular scam methods. They only need to spend a little bit time for learning about most common scam methods, then security and privacy guides to change their bad habits for better practice.

If they can do these things well, I believe everyone can do that, they will almost impossible be scammed.

[General] Crypto scams, attacks and malware [BINANCE UNDER ATTACK].
The cryptocurrency scambook.

Asuspawer09
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Today at 09:37:38 AM
 #82

That is right. You can create a cryptocurrency if you wanted to but you cannot create another Bitcoin it is just unique and creating another one doesn't mean it is the first one so technically you cannot create another Bitcoin maybe we could just say that we can mine Bitcoin, because that is an actual Bitcoin and it is being created on mining, but not creating another Bitcoin, it is just another cryptocurrency.

I mean there are a lot of cryptocurrency that has much better technology than Bitcoin, more advanced, something lke that but it is still not Bitcoin and it doesn't mean that it is going to be much better than Bitcoin even though on structure like network, fast transactions etc. It is much better but it doesn't mean market price is going to skyrocket and it is going to discredit Bitcoin. Someone could maybe create same thing crypto than has 21million supply as well, name it Bitcoin or something but it is still not going to be Bitcoin. Bitcoin Mainnet is it's own network, and it is different from like ETH network where they have some smart contract to create one.


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Justbillywitt
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Today at 09:44:15 AM
 #83

I am not even asking anyone to create another Bitcoin, I just want Devs to follow the footpath of Satoshi Nakamoto, that's all I am asking for, because this is what it takes for something to actually works out as intended.

This is unfortunately not what we have in this world today, even youths who are into Blockchain or lets say upcoming Devs all want to get rich, the goal is the money, not what they plan to built.
None of the present day devs can follow the footprints of Satoshi. How many devs can create something valuable like bitcoin, decentralized the network and decide to remain anonymous without the urge of being known? Despite bitcoin getting to different ATH at different stages over the years, Satoshi decided to remain anonymous despite holding a whole lot of bitcoins. Greed and hunt for fame won’t allow the present day devs to follow that path. As far as crypto is concerned, we will never see like bitcoin again.


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Today at 10:52:09 AM
 #84

From the inception and dominance of Bitcoin till date there has been creation of different cryptocurrency but none ever become Bitcoin per dominance, value, trust and another means of comparison. The analogy of anyone can print paper but that doesn't make it money and that being willing to form or fabrication language doesn't mean you should not or don't need to learn English, explains it all. Just like other areas of life, there's always the highest among the tops and here that is where Bitcoin has found itself for now and the probable future. In the world of physical/paper currency, we have the Kuwaiti Dinar KWD,
Bahraini Dinar BHD
Omani Rial OMR,
Jordanian Dinar JOD,
British Pound GBP
But even on their toping in value, the dominance or say popularity of the US dollars can't be underemphasized, some of the top currency in value might not even be in serious use outside it's country of origin like US dollars. That's what happens when a new cryptocurrency is made, Bitcoin continues it's dominance, while within not more than a year the new crypto next chapter is extinction.

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Today at 10:57:09 AM
 #85

The problem with the times that we're living in is that, in this crypto space now, people are no long much interested in trust and reputation of project more than they're with focus on making huge returns in quick time. And this has being the mentality which has also encourage the creation of many shit crypto projects that have polluted the space. Bitcoin doesn't just have the potential for giving returns over a long term but with security, real time useful functionality that being proven.

Therefore, its not about creating a cryptocurrency, because if its just about creation then anyone including myself could create one for the sake of it.

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