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Jim Blasko Explains BitCoin Spinoff 'Unbreakable Coin' (Video 1 of 2)
Las Vegas seems an appropriate place for cryptocurrency businesses to emerge, both because the coins themselves are so volatile that some gambling instinct may be required, and because Vegas is a high-tech outpost with lower taxes and lower rents than many other West Coast hot-spots, well-suited to risky startups with ambition but without huge venture backing.Jim Blasko moved there to work on low-voltage engineering for Penn & Teller, and is a qualified Crestron programmer, too (useful in a town that looks from the air like one giant light-show), but has shifted to a quite different endeavor, or rather a complex of them — all related to cryptocurrency. I ran into Blasko during this month's CES, at a forum with several other cryptocoin startups, and the next day we met to talk about just how hard (or easy) it is to get into this world as an entrepreneur.
Blasko has some advice for anyone who'd like to try minting a new cryptocurrency. Making your own coin, he says, is the easy part: anyone can clone code from an existing entrant, like Bitcoin, and rename the result — and that's exactly what he did. The hard work is what comes after: making worthwhile changes, building trust, and making it tradeable. Blasko's done the legwork to get his own currency, which he's bravely called "Unbreakable Coin," listed on exchanges like Cryptsy, and is working on his own auction site as well. He's also got an interesting idea for cryptocoin trading cards, and had a few prototypes on hand. (Part 1 is below; Part 2 to follow.) Alternate Video Link
Blasko has some advice for anyone who'd like to try minting a new cryptocurrency. Making your own coin, he says, is the easy part: anyone can clone code from an existing entrant, like Bitcoin, and rename the result — and that's exactly what he did. The hard work is what comes after: making worthwhile changes, building trust, and making it tradeable. Blasko's done the legwork to get his own currency, which he's bravely called "Unbreakable Coin," listed on exchanges like Cryptsy, and is working on his own auction site as well. He's also got an interesting idea for cryptocoin trading cards, and had a few prototypes on hand. (Part 1 is below; Part 2 to follow.) Alternate Video Link
Unbreakable Coin
A kick in the groin
Best taken in stages
As it comes from Lost Wages
Burma Shave
"Trusting a guy named Jim Blasko, who's offering you a can't-miss, get-rich-quick way to mint money out of Las Vegas is a no-brainier. Give him all your money!"
Did I mention that grandma was senile at the end?
SJW's don't eliminate discrimination. They just expropriate it for themselves.
How about a cryptocurrency that targets an inflation rate that is known to be economically stable, say 2%, by standardizing on a openly evaluated standard basket of goods. You know, how actual currencies work but without the middlemen of the reserve banks. Most of the discussion of cryptocurrencies don't even distinguish growth of money supply from inflation, even though they are two entirely different (though related) things. The cryptocurrencies currently termed "inflationary" just grow their money supply. That's not even what is meant by "inflation" when discussing real currencies like the dollar or the euro.
Every new altcoin should be regarded as a pre-mined pump and dump scam until proven otherwise.
The great strength of bitcoin is its network effect.
Every new coin has to demonstrate how they will gather sufficient network effect to make themselves useful, the equivalent of overtaking facebook, google or amazon. It could certainly be done but think how many years it is since facebook overtook myspace! It doesnt happen very often.
SURELY NOT!!!!!