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Author Topic: Coin Home Board Rules & Info - Please read before posting  (Read 3064 times)

secco

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  • Coin Home Board Rules & Info - Please read before posting
    « on: March 06, 2015, 07:05:24 PM »
    This board is reserved to introduce altcoin projects. No complicated rules.   (updated 2017.09.08)


    1) Please make sure to add Coin Name and Ticker in the subject, this will make easy searching for coins.

    2) Please, 1 thread per coin otherwise discussion becomes complicate to follow.

    3) Sorry, we're not offering self-moderated threads here. We're not supporting censorship.

    4) Tokens go in the appropriate token child board. See token definition in the next post.

    5) Be polite. No useless comments, all opinions are fine, but please explain your point of view.



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    « Last Edit: October 09, 2017, 10:17:30 PM by secco »
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    secco

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  • Re: Coin Home Board Rules & Info - Please read before posting
    « Reply #1 on: October 09, 2017, 10:16:49 PM »
    Definition of tokens. Courtesy of theymos, admin of bitcointalk:

    A cryptocurrency is self-sufficient, not relying on any other cryptocurrency to function (not including merged mining), and requiring its own software. A token works like a cryptocurrency at a high level, but relies on some other cryptocurrency's infrastructure in order to function, and often (but not necessarily always) lacks its own software.

    Example 1
    You create an Ethereum asset. This asset is entirely reliant on Ethereum's block chain to function. It is a token.

    Example 2
    You pick out 1 BTC and split it into 100 million satoshi. Each satoshi represents some part of a real-world thing, and gets a special ticker symbol. This is a token because it is completely reliant on Bitcoin's block chain to function.

    Example 3
    You create an Ethereum contract which allows anyone perpetually to trade 0.1 ETH for 1 YOURTHING and vice-versa. This is ambiguous, and may require moderator discretion. It may be considered a token, or it may be considered merely a flavor of ETH, belonging in Ethereum threads, etc.
    Hacker, Pirate, Milf Hunter, Owner of Bitcoin Garden

     

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