Thinking about starting a crypto currency

[julien515]

I'm thinking about creating a crypto currency, does anybody here have any knowledge on crypto currencies? My understanding is that a crypto currency can be easily manipulated "similar to a stock pump and dump" but it's completely legal. Has anyone ever tried this before or have experience creating a crypto currency? If you would be interested in working with me on this PM me.

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

[BlakeIC]

what would be the reason people choose your currency?
what makes you different than the other hundred crypto currencies?

 

[Jake]

Build something useful. Overstock just announced this http://www.wired.com/2014/10/overstock-com-assembles-coders-build-bitcoin-like-stock-market/ a way to issue stocks over the internet without a middleman.

Alts are useless. Using the blockchain to transfer ownership of assets, documents, electronic keys, notes, leases, time stamping, machine to machine payments isn't.

 

[Obiwan]

Are there any developers on this forum that could help me create a cryptocurrency? This cryptocurrency will have some unique features. I will say no more at this juncture, just want to hear what others have to say.

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

[azsno]

I'm thinking about creating a crypto currency, does anybody here have any knowledge on crypto currencies? My understanding is that a crypto currency can be easily manipulated "similar to a stock pump and dump" but it's completely legal. Has anyone ever tried this before or have experience creating a crypto currency? If you would be interested in working with me on this PM me.

So basically you want to create a crypto, manipulate it so that you can make money, and then dump it before the purchasers realize its more than worthless? It may not be illegal, but the word unethical comes to mind. Just be sure to post here what you're going to call it...so I can avoid it, and any future deals like the plague!

 

[GastonEE]

I'm thinking about creating a crypto currency, does anybody here have any knowledge on crypto currencies? My understanding is that a crypto currency can be easily manipulated "similar to a stock pump and dump" but it's completely legal. Has anyone ever tried this before or have experience creating a crypto currency? If you would be interested in working with me on this PM me.

If you decide to buy bitcoins or take them in exchange for your goods or services, limit your risks.

At this moment in time, a high percentage of bitcoin transactions are carried out in China, where a vast majority of miners reside. China is famous for its Great Firewall, which can limit internet user’s access to any site. If this happens, bitcoin transactions can continue in China, but once the limitation is removed, an irreconcilable fork will occur.

Also there is no safety net or perfect way to protect your bitcoins from human error (passwords), technical glitches (hard drive failures, malware), or fiduciary fraud.

 

[Max Gambit]

I was recently at the forum. I heard that it is not difficult to create a token. The main thing that the idea have to be useful for society, the so-called white sheet, should interest investors.

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

[Kimmy XD]

Uhm. First of all, do you know anything about Cryptocurrencies? Maybe you need to start there first before you create another one of the hundreds out there already. Second, learn about blockchain because that is what powers the cryptocurrency network. Third, what is your product or service? You need something that will make people want to buy your currency. Take for example ETH. They deliver contracts. NMC for domains. MAID delivers hosting solutions, and the list goes on. So, what is your offering and how are you going to deliver?