Welcome to Practice Coin. This was our first post on the infamous Bitcointalk, announcing the project:
So, I’m jealous.
Everyone seems to have an Altcoin these days, so I want one too.
But I don’t know how to do one, and it seems like when somebody asks about it, they are told to “clone this or that” or given all kinds of random or obsolete advice, perhaps by folks who never done a coin themselves.
Some say that Altcoins is a stupid idea https://themerkle.com/altcoins-dying-make-one-hour/
Or describe how to do it in X easy steps https://cointelegraph.com/news/10-tips-to-create-your-own-cryptocurrency
There are some docs from Shakezulu floating around, from a few years back
Now, I know that there are people out there who’ll do one for a fee, and I found a few:
Walletbuilders famously does something for 0.05 BTC
Cryptonotestarter does CryptoNote
Cryptocoincreator brags about doing 1300 coins of all kinds
Build-a-Coin may even be free
CryptoLife does a bunch of stuff, starting at 0.3 BTC
And there are scammers out there, so you be careful: https://bitcointalk.org/index.php?topic=829606.0
So, I’m going to go through all the steps of doing and launching an running a coin, from scratch and tell you all about it, in detail. And you’ll help me along the way, I hope.
I know that I’ll need a logo, and here’s an early prototype:
Found a weird letter for the PRA coin – LATIN P with hook: Ƥ
Everyone has a colorful signature in their forum posts, with a link, so should figure out how to do one too.
Need a website, and working now on getting one.
Will describe what I want out of an Altcoin in a future post. And what my qualifications and limitations are.