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Author Topic: How can a new coin break-in and be a big success?  (Read 2673 times)
ITGeniusGuru
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April 23, 2014, 12:57:00 AM
 #41

The 2 of you could create something that would leave the world standing in awe.

YES! We will create LaughingStockOfTheWholeWideWorldCoin.
Market it to Hollywood and Comedy Central.
Not a bad idea actually. I like it!
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The Buck Stops Here.


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April 23, 2014, 01:29:58 AM
 #42

2 btc for just the source code, seriously? I've seen people in the services section offering development of whole coin (by that I mean source, compilation, and custom modifications) for way less than that.

Would you be kind enough to PM me a link to such offers, or the usernames of members who made such offers?
I guess I could do a forum search, but I am thinking maybe you already know where to quickly find that info.

Don't waste your time buying the source code of rapecoin! What a joke! That's a shitty coin and shitty price. Seriously 2 BTC for rapecoin?!

I can get you the source code of BITCOIN for 2 btc. PM me.
ITGeniusGuru
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April 23, 2014, 01:41:12 AM
 #43

I can get you the source code of BITCOIN for 2 btc. PM me.

I am also very interested in buying the Brooklyn bridge and the Empire State building... what's your lowest most-competitive offer?
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April 23, 2014, 01:41:56 AM
 #44

spam the living fuck out of the Bitcointalk.org Main forum section with not so subtle advertising posts ?

FUD first & ask questions later™
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April 23, 2014, 04:38:06 AM
 #45

Don't waste your time buying the source code of rapecoin! What a joke! That's a shitty coin and shitty price. Seriously 2 BTC for rapecoin?!

I can get you the source code of BITCOIN for 2 btc. PM me.

That's ridiculous.

The Dear Leader will sell you the source code for North Korea Coin for 2 BTC.  End of discussion.  It is the best, most popular coin in the world.
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April 23, 2014, 04:49:28 AM
 #46

Wow you really don't know anything about Altcoins what so ever.  Lol.  I think you should contact Vlad2Vlad.  The 2 of you could create something that would leave the world standing in awe. 
You should never work with that person. I don't think that the outcome would be something which would amaze us.


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ITGeniusGuru
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April 23, 2014, 04:51:47 AM
 #47

The Dear Leader will sell you the source code for North Korea Coin for 2 BTC.  End of discussion.  It is the best, most popular coin in the world.

I have asked my barber to have a haircut similar to the Dear Leader's. My barber informed me the Dear Leader has patented his haircut and holds an exclusive license of the haircut. Would the Dear Leader consider selling the license to me, for 4 BTC?
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April 23, 2014, 11:32:21 AM
 #48


You don't have to be a programming genius to get started. The creators of dogecoin used a howto clone foocoin guide on the web.  

Here is one:

http://dogecoin.ga/how_to_create_scrypt_based_altcoins.html


That guide is just a rip-off of Shakezula's cloning tutorial with a couple of hidden affiliate links to a cloud server company slapped on it.

Here's a link to the original guides:
https://cryptocointalk.com/topic/3140-shakezulas-scrypt-and-sha256-cryptocurrency-clone-guides/

dev blog https://yarkol.github.io
BTC 18kHb54jqcpWEkuAkCFsGMzR6BMgYnpi2T
crunchynut
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April 23, 2014, 11:38:49 AM
 #49

Please don't clone Rapecoin.  This coin might be funny if it wasn't so sick and an embarrassment to all crypto coins.  Associating with this pathetic attention seeking coin is going to look bad.


your mother is a pathetic attention seeking coin. only because you are an early adopter and registered in november 2013 it doesn't give you the right to talk bad about innocent projects like rapecoin.

◯ ◯ ◯ ◯

>>>>>> LAUNCHED: RAPECOIN - YOU CAN'T SAY NO TO THIS COIN <<<<<<

◯ ◯ ◯ ◯
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April 23, 2014, 12:53:21 PM
 #50

Please don't clone Rapecoin.  This coin might be funny if it wasn't so sick and an embarrassment to all crypto coins.  Associating with this pathetic attention seeking coin is going to look bad.


your mother is a pathetic attention seeking coin. only because you are an early adopter and registered in november 2013 it doesn't give you the right to talk bad about innocent projects like rapecoin.
Don't be so offensive. November 2013 /= early adopter.
2010/11 = early adopter.
The name rapecoin is just wrong (Please note that I have nothing against the coin otherwise).


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hashtag101
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April 23, 2014, 01:04:11 PM
 #51

Spend more time learning.

You can't rely on hiring someone that knows. Im not saying you need to learn how to code, but if you're going to start a coin, it would be wise to learn the basics of what is going on around here.

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jabo38
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April 23, 2014, 01:10:15 PM
 #52

The only good new coin is not just one that is "innovative" but one that is a dramatic shift from what has come before, something that is trying an interesting and novel approach.  Look for it not just to be a little faster or safer, but for it to do things completely differently. 

NEM      Faucet      Slack Invite      Easy API’s      Light Wallet      Amazing White Paper       Supernodes     Telegram Invite     Mijin 
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April 23, 2014, 01:40:57 PM
 #53

why do people think they can make a coin that's better than the original, using the originals work?

Because Bitcoin has limitations and disadvantages that hamper its worldwide acceptance as a payment tool:
Bitcoins Are Not Widely Accepted
Wallets Can Be Lost
Bitcoin Valuation Fluctuates
No Buyer Protection
Risk of Unknown Technical Flaws
Built in Deflation
No Physical Form
No Valuation Guarantee

I was a non-believer, until I paid for an item from a Chinese manufacturer with bitcoin online. No bank wire transfer, no exorbitant fees, and immediate transfer of payment. This can be the way all international trade can be done in the future. But only if the buyer can trust the seller will deliver, and not screw him over.

Perhaps, the biggest limitation I see is its limited supply that will end in 2140. What will happen when no more coins are minted and miners lose every incentive to keep mining? Transaction fees will not be enough to pay for expensive ASICs.

Is there room for improvement here?

Is there room for a new BETTER coin than Bitcoin?



You're wrong in that it actually has built-in inflation. The BTC supply increases by 10% every year until 2016 at which point it will increase by 5% every year. That's more inflation than dogecoin. Unless there is serious market pressure on it, it slowly loses value. It's an inflationary currency that appreciates only due to market speculation.
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April 23, 2014, 04:10:24 PM
 #54

Wow, this thread is off the rails.

I was seriously asking what kind of innovations could be made with a new coin.

While you were all slap-ass'ing each other, I found some coins I find intriguing.

ISR Coin - Looks well thought out, although it's pre-mined 10%, they seem to have good reason for it.  The whole philosophy of how their country operates, and how the coin is intended to challenge that, makes me like it.

CIN Coin - Although the name is corny, the principles on it, once again, are well thought out.  The creator of the coin clearly researched it and has a firm understanding of how coining works.

I'm mining these two and holding them for a bit, while I look for other promising coins, not just the ones that are most profitable for the minute.

ITGenius.  You're doing it all wrong.  Don't ask "how something works" and then try to learn the principles, that's backwards as hell.  Learn how something works, then see how you can use it. 

I don't look at website and say I want to make that site, then learn by looking in the source code.  I learned PHP, then said, now I can make something better.
ITGeniusGuru
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April 23, 2014, 05:17:42 PM
 #55

The only good new coin is not just one that is "innovative" but one that is a dramatic shift from what has come before, something that is trying an interesting and novel approach.  Look for it not just to be a little faster or safer, but for it to do things completely differently.  

+1
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April 23, 2014, 06:16:25 PM
 #56

Jumping in "relatively" late in the coin game.  I'm new as you can see from my # of posts.

I see my options as

1. Coin for profit
2. Coin for longevity

With the hardware I have purchased, I can profit roughly $40 a day and payback my investment in 2-3 months.

As a tech guy, I'm more interested in the philosophy and "coolness" factor of coining.  I see myself in this for a long time (or untill it's dead).  If I break even... great, if I get rich... awesome.

I'll be going at it as the whole thing being an investment.  Although the whole market is on a downward trend right now, I see that as a good thing, decreasing difficulties in some coins, buyers market, with a rebound inevitable.  Seems like a recipe for some good success in the future.

Everyone has opinions, I'll formulate my own, go after those coins, and probably hang on to them.  Only time will tell.
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April 25, 2014, 12:56:16 AM
 #57

1 guy from quebec canada just create a new coin he call it the quebecoin i juste start mining this coin tell will telll if is good or not
ITGeniusGuru
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May 15, 2014, 01:38:28 AM
 #58

What if you made a coin that has no limit that it's simply infinity amount ?
what if the difficulty was longer due to it being infinity and makes something of value at the same time ?
What if there was a new format of a wallet that means anybody in the world can use it regardless of internet or APP?
What if a platform that is already existing that complies with day to day use for people to receive and send payment for goods?
What if a coin had a certain stability in price that +/- 10% jumps on value that was not controled so much by traders due to it being designed to be used as a day to day payment currency?
I am very interested in the answers to my qeustion

You are reading my mind.
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May 15, 2014, 05:11:54 AM
 #59

Hi ITGeniusGuru,

 I don't know how you attracted some of the brightest minds around here, as well as some others too, but maybe it would be best first to read maybe 100 hours worth, or even maybe 500 hours worth, on this entire broad topic that you care to master. Right here at bitcointalk is where the greatest information and the worse of information all awaits the reader. This is where Bitcoin lives and breaths, and where everything revolves, but you likely already figured that out. There must be many millions of pages here of many dozens of sub topics and child boards. You got lot's of reading and researching to do before ever bothering with creating your very own cloned crap coin, which by the way is a completely futile effort. But you already heard that right? Many here are full of FUD (Fear, Uncertainty and Doubt - fear mongering) others don't have half a clue, others are sheer genius. Hero labels are time tested veterans and generally have way more than half a clue concerning at least Bitcoin, being they have been here for years already.


 At any rate the best advice I have found in the last 18 months here is to Buy Bitcoin and then Hold on to it tightly as well as very securely and carefully. Hey, it sure beats anything else especially since bitcoin began as long as one holds it for at least a year, the longer the better too, so far. Straight up buying Bitcoins even beats mining profits since the Fall of 2013 with precious few lucky exceptions.

 Trading profitability pretty much ended a few months ago for almost all alt coins, and all but the luckiest early receivers of the latest generation asic mining rigs.  

 Now yet another rinse is now occurring (Bitcoins price has fallen to the lower part of it's present trading range), and soon enough another false rally for a broad batch of crappy clone coins is almost sure to attract the fools and dupes, so a few of us can scoops up yet another round of profits (hint, don't be very greedy). This will occur just as or soon after Bitcoin again enters another big rally mode upwards in price.

 Your apt to make much more by doing the above (Buying Bitcoins) than bothering with yet another clone, or even something that brings something new to the table. Simply BUY BITCOIN and hold it. Hold it for years. In four years your extremely likely to be terrifically well rewarded for that. Even starting small and working your way up will still offer huge returns.

 But things like mining is extremely risky these days when it comes to ASIC hardware mining in it's present state save for all but one asic miner at this rare point due to a recent large price drop on the antminer, much less the ever diminishing returns of GPU mining at present. I just sold my GPU Video cards all away on eBay, save for one that I will use in yet another new build from the top quality parts left from my mining rig. Hey, I might even GPU mine again a dash when it's profitable to do so on a worthy coin, but right now it's not woth the effort combined with the cost of electricity. All those parts left are for a nice new desktop and was meant to be so a year ago when new. But with asic hardware it's soon obsolete and worthless.


See this for a mining profitability guide

http://www.coinwarz.com/cryptocurrency


For a great bitcoin charts and more see these:

http://bitcoinwisdom.com/markets/bitstamp/btcusd
http://bitcoincharts.com/charts/mtgoxUSD#rg360ztgSzm1g10zm2g25zv
http://www.cryptocoincharts.info/
http://www.cryptocoincharts.info/v2/main/smallCharts
http://crypto-coins-table.com/
http://www.cryptocoincharts.info/v2/coins/info


Learn to use this for many answers to good key word choices
https://bitcointalk.org/index.php?action=search


For the only well established and most trusted Crypto trading see this place, where I have close to 3000 trades so far:
https://www.cryptsy.com/
Myself and others that have been here a long time have great trust in Cryptsy, but always keep track of your trades while doing them so if anything goes awry at least you know what's what later. Sometimes trades get delayed and it's possible to double spend and end up with a negative balance if you don't stay fully aware. Never happened to me but for fools rushing in it happens a lot, but less lately from what I gather. Maybe their learning the limits of Cryptsy and their sometimes stalled/stuck trading servers as well as stuck wallet clients for deposit and withdrawal delays that seem to often get overloaded by sheer demand.
https://www.cryptsy.com/


Here's a place that lists the current or recent ASIC hardware for sale, usually a painful pre-order experience, or far worse...
https://tradeblock.com/mining/
(scroll down a ways)


Lastly, check news at the following links:

https://bitcointalk.org/index.php
http://www.reddit.com/r/Bitcoin/

and

http://www.coindesk.com/
http://www.thebitcoinchannel.com/

and
(scroll down to Inflation, Deflation, Cryptocurrencies) at:
http://dollarcollapse.com/



 The wiser folks started selling all the alt coins back in late December through Early to Mid January. By early February I cleared out of every single last Bitcoin alternative except a couple, and even those I released by the middle of February. I had a ton to clear out and at many times market depth isn't deep enough (demand) so it takes time to unwind larger positions for maxium yields. Most didn't sell until they had lost most of their gains or investments, others tried to either defend their alt coins by further purchases/trades or kept purchasing while prices were in free fall for the last few months time.

 I have traded everything under the sun, or nearly so, for decades. But most wont make out trading cryptos. The vast majority that dare try to day trade or even swing trade wont have the skill set to make any profits. 1/3 of my Bitcoins came from trading. I doubt hardly anyone can replicate that feat but trust when I say I more than paid my full dues to learn to do such a task.
here is a rookies guide to the scam of trading in the retail forex: http://www.babypips.com/school/ it's quite good for learning all things technical for rookies, but don't dare trade in the forex at higher than 10/1 leverage, with 20/1 being the absolute max leverage even in the best of conditions. And forgetabout setting any stops. Either run without them, or not at all. Otherwise far too often you will get stopped out of your forex trades (that's one of the scams designed in to the scam of the forex marketplace against retail traders). That said only http://fxtrade.oanda.com/ and http://interactivebrokers.com/en/main.php are trust worthy enough to dare touch the forex. Crypto trading is far safer and way easier, but it's full of dangers and cliffs for every rookie. Go to here first:  http://www.babypips.com/school/  get through at least grade school there before daring to venture into anything besides Bitcoin. Now would be a great time to start dollar-cost averaging your way into bitcoin a little every month or whatever, spread out over 3 to 12 months time. Just realize price spikes tend to happen suddenly, and very violently, right now we're in the lower trading range of $400 to $1000 that was easy enough to quickly define back in early December 2013.


 Many still wet behind the ears rookies (noobs) that showed up from late November 2013 through January 2014 still can't grasp that none of these new "brings something new to the table" alt coins as well as all the others are almost all dead now.

 Sure there are still pumps and dumps going on but their not worthy of touching for the chances of getting burned at this point is exceedingly high.

 I myself have close to 3000 crypto trades now, but I got out months ago, and only quite recently bothered to dip my toes ever so gently back in to a few of the top 10 coins at http://coinmarketcap.com/ but even those are now extremely high risk ventures. Let alone anything not in the top 20 having slim chances of ever making the grade. Look over that long list of 130 or so alt coins. Realize your best off joining the BitcoinExpress and also learning everything you can to keep from losing your coins to hackers, keyloggers, trojans, and of course many a crook offering scam after scam to cryptocurrency holders.

 Since others took to trying to assist I thought I would too.

 As for your nick, well hopefully you know how to secure your PC's and router well, as well as run a VPN and of course Noscript, plus isolate your PC's and dedicate at least one PC to nothing but the Bitcoin-Qt client, and whatever other clients you trust enough to dare to download and pray their not infested with crypto stealing malware. This is all so hopefully you don't regret being the next victim around these torturous parts of the new wild, wild west.

 No it's not as bad as I make it out, as long as you at least have a dedicated Wallet PC for only that purpose with a fresh clean install of your favorite OS that is at least well secured at the consumer level. But above all else learn Noscript for Firefox and don't enable java-scripting unless you really trust the site very much, or whatever script needs to be run to enable web page features. I wont even dare enable java-scripting here at bitcointalk at all, no way, no how. Even though I have several PCs including casual ones I still as a routine don't take chances.

 Like I mentioned, at least one Bitcoin Hero responded to you with good advice. Others too offered sound advice. Forgetabout making your own coin for at least now. Instead learn all about the topic. After all, only fools rush in right?

 It will take you at least 6 months to grasp a lot, and at least a year for you to become past your rookie stage. Even with an IT background it doesn't do one any good when it comes to this unique world of this Decentralized Cryptocurrency Revolution.


O, and lastly, Always verify, never ever trust anyone on anything. Do your own due diligence on all this stuff.



 Welcome to Bitcointalk.org,



Caveat emptor - let the buyer beware!
ITGeniusGuru
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May 15, 2014, 05:44:19 AM
 #60

Forgetabout making your own coin for at least now. Instead learn all about the topic. After all, only fools rush in right?

Nice all-encompassing post/advice Slingshot.
I can tell you have a lot of experience in the field.
Well... I particularly like your advice about buying and holding BTC.
When I started mining BTC about a year ago, I started with a laptop's integrated video chip, and I was making a whopping 0.01 BTC every 2 weeks or so. Since then, I graduated to multiple 100 GH/s and 200 GH/s ASICs.
Finally, I decided mining BTC is a rat's race against ever-increasing network difficulty. I have come to the conclusion it makes more sense to just buy the coins rather than invest in mining hardware.

I started this topic on April 21st, and back then I knew almost nothing about altcoins.
Today, I am getting ready to launch my very own coin. Sorry, won't follow you advice! The wheel is already set in motion and I have some great people helping me with the technical (development) and marketing bits. I knew all along I simply can NOT do everything all by myself.
And so I will jump into the waters, sink or swim.

If you want to take a look at / evaluate my coin, I'll send you a few thousands for free pre-launch!!   Wink Grin Cheesy Grin
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