Can someone give me a rundown on how these work? I'm a webdev/programmer so I could definitely make a pretty website and probably even a clonecoin with a unique twist if given enough time.
So how's it work? I create a coin, some fake github accounts, a website/forum and make it look like an active project? Then premine and sell at a fixed price to morons?
Can I do this anonymously or do I have to give out my identity? What are the legal requirements? Do I need to create a corporation to shield myself?
How much are guys raking in doing this?
Basically you verify with bitcoin suisse, they give you an address, you send the money then they stop replying
I paid $80 for the service too, cucked
>>2250831
OP, I would like to know this also.
Am also a dev. I'll help you.
>>2250831
also I'm guessing building a coin on ethereum is the easiest way? I can then also probably introduce a subtle bug that no one will catch because no one competent would waste their time looking. So then after the ICO I can steal everyones coins back and get a 2nd profit? and also have an excuse for why the project failed.
>>2250831
now's the time to fucking do this
people will investigate and expose you as a fraud
your best bet is to get legitimate developers with big names to associate with you, then flee to mexico after making 50 mil on your ICO
>>2250855
pretty sure your company is finished soon as that happens
>>2250864
is there enough demand for it to be worth your time though? I feel like even if I worked full time on this for a few months I'd just get a few hundred 18 year old europeans buying $20 worth to gamble. That's not really worth it.
>>2250885
that's the point lol
you don't have to be a fraud. just make the next dogecoin or something
>>2250890
I mean, the easiest option is to have some level of real world viability with your token. Read through the BAT whitepaper. Check out patientory.com. The amount of capital that they're raising is vastly higher than they would be getting from any venture capitalist. Write a whitepaper with some level of domain knowledge for the area you're applying muh blockchain to, and watch the ETH flow in. With the level of speculation now, early buyers will probably make a profit, even if your technology is utter BS.
>>2250937
^this
>>2250972
>just get a phd in computer science and create something novel and of value
oh just that easy? fuck off. this is america. the only way to make money is by scamming and exploiting people.
grow up.
>>2251019
>this is america
Speak for your self, filthy colonial.
>>2250831
I don't think a lot of people would buy into an ICO from anonymous developer