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[–]Foidblaster9000 5 insightful - 5 fun5 insightful - 4 fun6 insightful - 5 fun -  (7 children)

How does one start up a crypyo? Would it take all 23 of us to invest?

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

one could design a custom block chain system(because people seem to like that) that works for a new type of digital currency..

lets call it crapcoin..

you could just simulate a bunch of fake transactions and make it look like there is a frenzy of buying activity and then the sheep will follow..

yup, that is actually how all of the digitial coins began.

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

And if I remember correctly, Dogecoin was popularized by Reddit.

For Saiditcoin to develop, it would want the support of Reddit crypto intestors, and it would have to include a funny name and mascot. And because Saidit was founded on principles of the original Reddit and "free speech", I'd recommend an original Reddit theme and early discussion reference like:

Aliencoin

Baconcoin

Narwhalcoin

With an image that has one of these symbols within the coat of arms (but not the coat of arms): https://i.imgur.com/zOkeUuB.png

[–][deleted] 3 insightful - 2 fun3 insightful - 1 fun4 insightful - 2 fun -  (0 children)

Dogecoin was popularized by Reddit

Initially, although just like Shib, nobody gave a damn until Elon Musk tweeted about it. Shib is a next to worthless shitcoin, but Doge is worse.

As a practical consideration, I wouldn't even try to do anything to promote an in-house coin before the Saidit regulars buy millions of coins for cheap first. It'd be like gambling on penny stocks.

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

How does one start up a crypyo

I've never done it, but I believe the easiest way is to mint an ERC-20 token on a DeFi exchange. You can C&P the initial code from an existing coin, or just the parent token Eth, and then you simply need to supply some liquidity.

[–]JasonCarswell 2 insightful - 3 fun2 insightful - 2 fun3 insightful - 3 fun -  (2 children)

For years I've been saying every city should have their own crypto.

I'd be down with starting WindsorCoin.

Not sure how many local suckers investors we can muster.

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

There's at least one, MiamiCoin was the first "CityCoin" on the market. It's at $0.02232, downward trend.

Not sure how many local suckers investors we can muster.

102 people looked at the image. I don't know if it's suckers. It's a helluva long shot, but those really pay off when they hit. Like if you read about the guy who made billions off $8000 with Shib, he wasn't buying an established coin at an exchange, that was an early adopter who just gambled like crazy on a relatively unknown defi coin.

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

Better than a lottery. But I don't care about gambling. I see every city having their own crypto as a chance to decentralize and take charge of your own region's currency. If WindsorCoin sold out or whatever it would be easy enough to start WindsorCoin2 or whatever - keeping the people in charge.