How to create your own altcoin like bitcoin?

submitted by rononmargo from (coinscribble.com)

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[–]magnora7 3 insightful - 2 fun3 insightful - 1 fun4 insightful - 2 fun -  (6 children)

Dogecoin is actually what I am going to base saiditcoin off of, funny you should say that. The design is just very good, and the transaction fees are super low, and it's all open source. Basically perfect. The only other feature I want would be something that can't be ASIC mined

[–]AnarchySpeach 3 insightful - 2 fun3 insightful - 1 fun4 insightful - 2 fun -  (2 children)

Are you aiming for site usage on comments/posts or something grander?

[–]magnora7 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 1 fun -  (0 children)

I want to develop saiditcoin as a way for saidit users to tip other saidit users, but it not influence the votes or ranks. Then I also hope to have it be mineable in-the-browser if you want, without downloading anything. This way users can hang out on saidit and mine coins if they enable that.

Then eventually when saiditcoins gain a real-world value, we can begin using them to pay for server fees. Then we're on a whole new level of self-sustainability.

[–]beermeem 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (0 children)

It would be a password system that would reward users based on shares so as to reward networked information.

[–]macadoum 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (1 child)

Vertcoin ?

[–]magnora7 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

I'll check it out

[–]beermeem 1 insightful - 2 fun1 insightful - 1 fun2 insightful - 2 fun -  (0 children)

I actually own a bunch of dogecoin.

Blockchain is the future of contracts and will be the very basis of the legal system.

This is what I spend most of my day thinking about.