Crypto: Planning to create a new Coin/Token. Where should I start?

1 points by zaesar ↗ HN
Hi!

I've created a physical coin for a village where people could buy with it on the stores. Tourists bought it not only for use also to have it as a remembering of the village. I ended up making thousands on an old blacksmit-mill. The story behind is powerful, hundreds of years ago people from the village, bought, to the King, their land and got free. With their own jurisdiction and governance. Here in Spain.

Now that I'm into learning Solidity, I would like to create a Token that represents this coin on the crypto scene. For this, would appreciate any help giving me any advice where to start. I already found some great resources to create tokens. But none of type transactional.

So as I said any help will be appreciated

6 comments

[ 3.4 ms ] story [ 26.6 ms ] thread
Please don’t.
Can I know why?
The crypto space knows a lot of scammers, parrots and hypetrain-riders. This, in turn, attracts a lot of outspoken haters.

Many of the haters -not all!- are just as bad: following hypes, parroting critique or using the hate to push their own agenda. They lack any basis, or even general knowledge. False critiques keep being repeated, or just baseless shouting as your parent commenter did. Ignore them. Like you should probably try to ignore the scammers and influencers that promote crypto. A very few in the tech scene actually do have the knowledge and context to criticize (some) crypto-currencies. Unfortunately they are drowned in the noise made by the army of hating trolls that utter mere oneliners. Like parent comment.

To answer the original question:

* Try to understand the basics. Read the Bitcoin whitepaper (It is not hard), read the ethereum yellow papers (slightly harder). Read a book or two. Basics are even more important than in general computer engineering, because in crypto the context matters a lot.

* Try to understand the politics. Why will people advice (against) foo-coin and steer to bar-coin? Knowing the agenda and maps of the various groups help navigate. The older bitcointalk.org forums were a great place for this. Fediverse is a bit more nuanced in this than the mobs on twitter.

* As an engineer: focus on the tech. The politics distract, but are important (they make up the why). The tech, however, often is really great (and makes up the how). The tech is a lot of fun even if you dislike the politics or have political reasons not to dabble in a certain (area of) the tech. Learn to write a smart contract. Find how to deploy that. Numerous tutorials for this. I'd suggest to start with the "most boring" of this fast-moving tech: Ethereum. It has the most resources to learn.

* Dive deeper into security. Participate in e.g. a solidity (one of the programming languages to write Ethereum smart contracts) CTF Ethernaut (https://ethernaut.openzeppelin.com/)

Thank you so much for the tips! Any books that you could recommend me?

Wish you a great day