Can someone explain to me why I should avoid creating my own coin and use bitcoin for my projects? Being a software vendor we want to give people a newly created coin for buying our software in hopes of creating value in that coin. Thoughts?
unless your a brand with many platforms / games/ software packages that can be interconnected via a singular currency
unless there is a purpose / NEED to use a coin that fiat or bitcoin cannot handle. then there is no point.
EG
imagine walking into a store and being told if you want to buy microsoft office you need to first buy MS coin. most people will think WTF and just walk out the store.
however if the store had 1000 software packages then you could offer allowing people to buy one of those packages using coin due to some discount it may offer or because it automates registration of the software licence or some other advantage.. then people would happily buy the coin because it has more than just a one time use