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(Lifehacker)   You're creating your own cryptocurrency wrong. But at this point, why not?   (lifehacker.com) divider line
    More: Unlikely, Token coin, Coin, Coins, Money, U.S. Securities and Exchange Commission, top of an existing blockchain infrastructure, token lives, real value  
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402 clicks; posted to STEM » on 25 May 2021 at 8:04 PM (21 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



9 Comments     (+0 »)
View Voting Results: Smartest and Funniest
 
2021-05-25 8:22:41 PM  
On the contrary, subby, we should ALL be launching new coins.  Flood the already flooded market.  Point out how meaningless the 'rarity' of Bitcoin is with nothing to back it, not even a government declaring it legal tender.
 
2021-05-25 8:29:27 PM  
Hmm. Why not? Printing your own money. Sounds like a good idea. I wonder why people don't do that.
Well, the way things like this end is with prosecutions. Could be fraud, SEC regulations, post and wire regulations, and hey civil suits and allegations.

Recommending or advising people on financial matters is a lot of fun until someone loses money, and some WILL lose money. If someone has any personal stake in what they are pumping and dumping, there are not many judges who will throw out a pretty rudimentary case.

Over the last few years, I have seen three or four farkers wonder out loud why they don't scam the rubes and retire in luxury. Well, it is fun to think about, but there are good reasons why. Mostly, it is freaking criminal behavior, morally reprehensible, and it creates legions of people who want to see you behind bars.
 
2021-05-25 8:46:48 PM  
At the time of writing, CoinMarketCap lists more than 5,200 coins and tokens available on public exchanges.

This article was not written recently. There is more than 10,000 now. A month ago it was 9,000.
 
2021-05-25 9:17:03 PM  

dyhchong: At the time of writing, CoinMarketCap lists more than 5,200 coins and tokens available on public exchanges.

This article was not written recently. There is more than 10,000 now. A month ago it was 9,000.


I want to say UNBELIEVABLE, but I can't.
Why would the number be any lower than GOFUNDME scams or crowdfunding scams or Nigerian scams? Religious scams?

And you know, I spend a lot of time railing on regulators for not shutting crap down, but they were DELUGED with scams BEFORE 2000.

I am declaring free for all, everyone. I can't reasonably expect that anyone scamming this stuff is going to get caught or punished. Everyone is on their own, and they deserve what they get. Maybe I am done commenting on this stuff. I will just watch it play out.

A word to the wise is sufficient. The rest of y'all are screwed.
 
2021-05-25 9:31:51 PM  
Lol, there's already Moe Coin.
 
2021-05-25 10:05:38 PM  

2fardownthread: I want to say UNBELIEVABLE, but I can't.


Ethereum made it much easier, because anyone can copy/paste a bit of code and launch their own private token. In the old days you had to supply your own software and blockchain nodes, but the modern shovelware only requires users to add a wallet entry pointing at the correct contract address.
 
2021-05-25 11:14:15 PM  
I've developed and written up a great new cryptocurrency scheme.  I'll sell the NFT of it to you for 10 bitcoins.
 
2021-05-26 10:32:17 AM  

Unsung_Hero: On the contrary, subby, we should ALL be launching new coins.  Flood the already flooded market.  Point out how meaningless the 'rarity' of Bitcoin is with nothing to back it, not even a government declaring it legal tender.



Goldman's Sack is filling with Ethereum coins.

read the news lately???
 
2021-05-26 10:33:13 AM  

2fardownthread: Hmm. Why not? Printing your own money. Sounds like a good idea. I wonder why people don't do that.
Well, the way things like this end is with prosecutions. Could be fraud, SEC regulations, post and wire regulations, and hey civil suits and allegations.

Recommending or advising people on financial matters is a lot of fun until someone loses money, and some WILL lose money. If someone has any personal stake in what they are pumping and dumping, there are not many judges who will throw out a pretty rudimentary case.

Over the last few years, I have seen three or four farkers wonder out loud why they don't scam the rubes and retire in luxury. Well, it is fun to think about, but there are good reasons why. Mostly, it is freaking criminal behavior, morally reprehensible, and it creates legions of people who want to see you behind bars.



no need

the Fed does a great job of printing USD whenever they need more money.

Inflation city
 
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