[piratebroadcast]

Anyone have a resource on the technical aspect of this? Seems like these businesses create their own cryptocurrency? Or build it on top of Ether?

[feelix]

You can easily do it in an hour or two by copying and pasting some code off the ethereum site.

They encourage it. I like to think of ethereum as a ponzi scheme which spawns ponzi schemes (some of which themselves are intending to be a new platform for generating currencies...)

https://www.ethereum.org/token

[detaro]

Not every questionable, bad or even fraudulent financial construct is a Ponzi scheme. Unless a coin has a clear promise of payout that the people organizing it would have to satisfy, it can't be a Ponzi scheme.

[nathan_f77]

Wow, thanks for that link. That's actually very cool, and I can see why Ethereum is taking off.

[Jabanga]

The main method is to create a cryptocurrency using Ethereum's ERC20 standard. That way it can use the Ethereum blockchain and is compatible with a lot of wallets and applications.

You can get a code template from here:

https://github.com/ConsenSys/Tokens