"What is an 'Altcoin' and Why Should I Care?"

So, many new people are coming to bitcoin and that means there are people wondering how Bitcoin can be integrated into their companies, as well as wondering what an altcoin is. So, I decided to present both together.


If you are looking for a way to integrate Bitcoin into your company, but you don't want to pay over $500 for each coin while having to buy a mass amount of coins, then what you can do is MAKE YOUR OWN COIN. You may be wondering "what does this mean?". This website you are on (I posted this on Bitcointalk.org first, just letting you guys in on it) is THE PLACE to talk about Bitcoins on the internet and this section is THE PLACE to talk about altcoins, so if you take the time to look around, you will soon learn that there are not many things to do besides buy coins, or buy expensive mining equipment. But I offer you an alternative, CREATE YOUR OWN COIN.


Altcoins are Bitcoin clones, and if you find someone that knows C++ (hundreds of people on Bitcointalk) then you can get your own coin made, for probably the cost of 1 bitcoin or even less. So you would OWN a currency, an entire new form of "bitcoin" and you could call it whatever you want. And if you ask the person that knows code (or if you know what you are doing) to copy the devcoin code you can have a percentage of the coins directed to any projects you want. So if you want employees you can put them towards that, and if you want charity you can put it towards that. ANYTHING you want. Devcoin's percentage goes to writers and developers.


Then, if you are wondering how a coin earns value and gets popular. First, all you have to do is go to the section of the website I posted this in (called "altcoins" ) then post about your coin, asking people to mine it (that is something your coder can help you set up) and people here on this website will mine your coin just for fun. Then you can tell the people that earn the percentage of your coin to come to this site also (for updates and to help promote the coin). Then eventually you will want to open some form of online shop or start some form of membership and make it where you have to use your coin there. So then your coin has value. On top of that, you can talk to people that made other coins in this section and the communities that follow them, and try to integrate the communities to help each other.


Altcoins (once they gain value) can be traded for Bitcoin, Bitcoin can be used on various websites (or sold for cash). Good luck

 

Sure, anyone can create their own coin. It's bullshit though to create a coin for your business. You can just integrate bitcoin and have any sales paid out directly in US$ or Euros or whatever fiat you want. Or keep a small percentage in BTC. Or everything.
The value of a bitcoin is irrelevant for this and there is absolutely no infrastructure to support your own altcoin.

OP's post is invalid and I suggest everyone to ignore it.

 

LOL LOL LOL LOL
My post is invalid?!?!?!? Yours isn't even related to the topic.

You could start accepting Bitcoins, but that would not even be close to what I am talking about. I am talking about a coin that YOU own that automatically gets a percentage deposited into a wallet for YOU (to go wherever you want it to). Which means you don't have to sell things to earn them, or buy them for money or even mine them. You just GET them.

 

https://www.youtube.com/watch?v=DQpwvhOab6k