What the what? Why would you need $1000 or $10000 to launch a coin? What does that money even go to?
Hmm.. you know I never really bothered to think about what it would cost. I suppose a 'real' coin launch should
at least be paying to keep running a web site, a couple of seed nodes, dns seeds preferred. Probably should have the later duplicate for a testnet. May even want to have some testers. If you don't know how to do any of the skills and have to hire it all out it probably does add up to more then one would think at first.
Now that you list that out, that makes sense. I'm sure he doesn't even know what any of those things are though, except for the website. I think he just bought tens or hundreds of domain names (including nsacoin.com, soccercoin.com, and stuff) if I remember correctly. Now that I'm on that subject, I wonder if he has a list of all of the domains that he bought.
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Also, Vlad, if can you finally answer my question? What purpose does mining serve? Just answer that simple question.
Mining generates coins and helps to keep the network stable/secure.