3 ms·
> an individual can print money and not be called a criminal. > there's nothing stopping you to create a coin for your group I am not sure this is still true,
by sam_goody 8y ago
> an individual can print money and not be called a criminal.
> there's nothing stopping you to create a coin for your group
I am not sure this is still true, due to the recent actions by the SEC. Now that ICO's are considered securities, and they are governed by those laws, many people who ran successful ICOs are worried about jail, and many who thought of doing so are no longer.
It is still true as long as you stay small enough to fly under government radar, but that is true if you printed your own local physical money as well, as many fairs and schools do.
- f055 8y agoIndeed it's sad, but at least "for a time, it was good". Still, that only applies to some parts of the world at the moment. And I hope the next generation of coins will mitigate these laws.
- sosuke 8y agoYou can create a coin with very little effort and technical knowledge. An interview with one of the Turtlecoin developers was done where they created a new fork in a live 2 hour stream. https://www.youtube.com/watch?v=U7oqPL_4uXM https://www.youtube.com/watch?v=U7oqPL_4uXM Or see the same developers post on creating the Athena fork https://medium.com/@turtlecoin/altcoin-101-create-a-cryptonote-privacy-coin-clone-in-one-hour-f14bff7eb2fd https://medium.com/@turtlecoin/altcoin-101-create-a-cryptono...