You are viewing a single comment's thread from:

RE: Cryptocurrency semi-automated generator script

in #utopian-io7 years ago

@codingdefined thank you for your comment! It's first comment on utopian that is interacting with author and his idea. Very glad to hear your questions!

The cryptogenerator is semi-automatic, because you have to download the git repo, and answer several questions to the script (but without these questions script could generate just random crypto, that's another project idea - randomcryptogenerator :DD)

The drawbacks are following:

  • We're stucked at the moment to cryptonote framework, which is good but not excellent (like BitShares or Steemit or EOS maybe?). Moving to other frameworks is planned, too.
  • Too much similarities between your generated coins and other cryptonote currencies (thanks to karbowanec team they are less than usual)
  • The need of using CLI solutions. This framework generates only CLI software so you will have to use command line to create a wallet, start a miner, etc. etc. You can make some GUI integrations (Monero did it, why not?) but it gonna be more "manual" and hard. So, this drawback sounds as: only for power users or admins.
  • Maybe others that are CryptoNote-related or I might forgot something.

In general, while working with wallets and other stuff you also has to follow classic security guidelines if you don't want for someone not to only stole your tokens, but the whole generated crypto and idea authorship. If he steals the code and publishes and makes marketing faster than you, then he will be the author.

Back-up! You also have to note that until you publish your crypto somewhere in github or back it up on private/shared cloud, if you loose your sources, you will have to re-make the work once again. Probably it's good idea to create "save files" with settings used to create crypto for your future use and confidence. I will consider this function in the future.

Again thanks @codingdefined for your interest and questions. Hope I did answered them!

Sort:  

Have you heard about SMT might be that what you can look forward too. BDW a great comment, and a great contribution. Best of luck with your project :) Learnt a lot today.

Sorry @codingdefined I'm not sure that I know what exactly is SMT:

img

And the same goes to BDW. Thought it's By The Way but the letters aren't matching :D Maybe you can help me to learn some slangish english today, too. Thanks =))

Hahaha, SMT Means Smart Media Tokens (https://smt.steem.io/).
Bdw (is by d way :P) in full short form

Ohh got it, SMT. I heard about the same project from Golos team. Neither seems to finish implementing it fully. Hardly waiting for this service...