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How To Create Your Own Cryptocurrency

Posted by Soulskill on from the apply-now-for-your-15-seconds-of-internet-fame dept.

mspohr writes "Since the code for Bitcoin is open source, we have seen the creation of various Bitcoin clones and enhancements (Litecoin, Dogecoin or Coinye West, anyone?... There are about 70 listed on this site.) This article explains the process of making your own. Thanks to Matt Corallo, a veteran Bitcoin developer, you can easily create your own at coingen.io. He has automated the process of modifying the source code to create custom currencies. Just enter in the name for your new currency, a logo image and set a few parameters (or accept the defaults), and you can have your own cryptocurrency. Source code and some customizations cost a bit extra. Once you have your own 'coin,' you just need to convince people that it is worth something."

6 of 203 comments (clear)

  1. Re:There's one born every minute. by davidhoude · · Score: 5, Funny

    I'm no sucker. I only buy coins named after celebrities.

  2. Is he really a "sucker"? by Anonymous Coward · · Score: 2, Funny

    What happens when Bitcoin goes over $2000? Or what happens when it goes over $50,000? Or what happens when it goes over $200,000? And what if that all happens within the next year?

    That "sucker" you were referring to could very well be a very astute investor.

    Until sufficient time has passed, you won't know for sure the long-term value of that investment. While it could be a very poor one, it could also turn out to be a very, very lucrative one. Only time will tell, my friend. Only time will tell.

    1. Re:Is he really a "sucker"? by Applehu+Akbar · · Score: 4, Funny

      When Bitcoin goes over $2000 yes, you'll be able to buy any tulip bulb you want.

  3. I'm in the process of making a coin! by chris200x9 · · Score: 5, Funny

    I'm in the process of making a coin! I named it HLC or HighlanderCoin, it's halves every 500000 and has an initial block value of 0.000001 HLC. Best part is, there can be only 1!

  4. This should be enough by Xeno-Root · · Score: 3, Funny

    To educate people into not using altcoins.

  5. Re:There's one born every minute. by CapOblivious2010 · · Score: 3, Funny

    I'm no sucker. I only buy coins named after celebrities.

    Like 50 Cent?

    And Nickelback?