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What does "launch a Bitcoin currency" mean? If they want to buy Bitcoins, all they need is an internet connection, a bank account and an account on Coinbase/MtG

What does "launch a Bitcoin currency" mean? If they want to buy Bitcoins, all they need is an internet connection, a bank account and an account on Coinbase/MtGox/etc. I guess you could start an exchange targeting those two countries, but that isn't a small undertaking.

technotony 14y ago
What I meant was launch publicity and education about bitcoin infrastructure to make it easier for local people to use. Would also need to do things like translate into local language, and probably build specific tools to make the currency work locally. It would be a unique opportunity to really engage with people, and understand their currency needs as users. I think there would be quite a lot of infrastructure to build to get a working ecosystem going.
yebyen 14y ago
You can actually "launch a Bitcoin currency" too, if you're not convinced check out LiteCoin, PPcoin, SolidCoin, Bitcoin Testnet coins, Rucoin, or any of the clones that are based on original Bitcoin source. http://github.com/yebyen/testnet-debian http://github.com/yebyen/testnet-debian At one point I was able to find a blog or github from GavinAndresen that detailed a few more ways to make your bitcoin blockchain incompatible with the standard chain, but I think this kind of activity is frowned upon due to the risk of 51% attacks. Unless your coin is approaching the popularity of Bitcoin (or somehow you got there much earlier... time machine?), it is vulnerable to being taken over by a small fraction of large Bitcoin miners' community coming over and playing with their clocks and hashing your chain into oblivion. This is not necessarily all bad, or worse than creating Bitcoin in the first place. You can lose money in banks when your government fails, too.