UT meme lords develop university-themed cryptocurrency, The Daily Texan
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With the latest growth ter popularity of cryptocurrencies, fresh coins speelgoedpop up every day. Aside from popular coins such spil Bitcoin and Ethereum, you can trade coins such spil Dogecoin, Anti-Bitcoin, The Vegan Initiative and, soon, UT Coin.
UT Coin wasgoed very first conceived on Jan. 13 spil a satirical postbode on the Facebook pagina &ldquo,UT LONGmemes for HORNSy teenagers&rdquo, by rekentuig science freshman Levi Villarreal. Villarreal announced he would make a UT-themed cryptocurrency upon receiving 1,000 reactions, and everyone who commented on the postbode would receive one UT Coin.
Since then, the postbode has received overheen four-thousand reactions, with more enthusiastic comments added almost daily. However, Villarreal said he planned on making a cryptocurrency regardless of the attention it received.
&ldquo,Cryptocurrency is something that I&rsquo,ve bot wanting to get into for awhile just to see how it works,&rdquo, Villarreal said. &ldquo,I just waterput it out there just kleintje of for joy, but I knew I would go after through.&rdquo,
According to Villarreal, making the coin isn&rsquo,t the hard part. UT Coin is based off the Ethereum network, a cryptocurrency template that hosts many smaller coins. The hardest part of any coin&rsquo,s rollout is the fight for adoption and delivering on an ICO, or initial coin suggesting. Despite the difficulties, Villarreal is attempting to supply on his vow.
&ldquo,I&rsquo,m gonna attempt spil hard spil I can not to pauze the original promise of, &lsquo,If you comment you&rsquo,ll get one,&rsquo,&rdquo, Villarreal said. &ldquo,I&rsquo,m pretty certain wij will be able to get it done.&rdquo,
To pull off this feat, Villarreal said he asked for help from a few of his classmates. For example, he recruited laptop science freshman Chinedu Enwere and tasked him with making a bot that will send messages to every commenter instructing them how to receive their coin. Spil of now, the bot is finished and undergoing tests.
&ldquo,The adoption of (UT Coin), that&rsquo,s the hard part,&rdquo, Enwere said. &ldquo,(The bot) looks alright, very likely (has) some kinks and quirks there, but nothing that should be too hard to fix.&rdquo,
Enwere said he hopes UT Coin can become something more than a part of the ongoing cryptocurrency fad.
&ldquo,Maybe (wij can) integrate it into the dining hall if wij can get it up to that level. Everybody wants to be on the blockchain nowadays,&rdquo, Enwere said. &ldquo,(Wij&rsquo,re) not attempting to rush anything because it&rsquo,s still te its infancy stage. You have to walk before you run.&rdquo,
Villarreal and Enwere said they hope to have all coins delivered by Jan. 29, but time is of the essence due to a contesting UT crypto solution. After watching Villarreal&rsquo,s postbode, math senior Ian Macalinao wasgoed inspired to do the same thing, creating his own cryptocurrency he dubbed Speedway Brick.
Macalinao said he embarked following cryptocurrencies te 2013. Since its unexpected growth te popularity this past year, Macalinao said he has bot attempting to grow the Texas crypto-community through txcrypto.org, a talk group he made about three months ago. He encourages those interested ter
cryptocurrency to join.
&ldquo,I&rsquo,ve wished to get all the people te Texas interested ter cryptocurrency talking about this thing,&rdquo, Macalinao said. &ldquo,The talk is indeed welcoming, and I&rsquo,m glad to train people trading development &mdash, anything related to cryptocurrency.&rdquo,
For now, Macalinao said he sees Speedway Brick spil a meme. He&rsquo,s bot able to give 15,000 bricks to 15 people, but he doesn&rsquo,t see it being used for anything serious aside from sparking rente ter cryptocurrencies.
Villarreal said however he takes his vow earnestly, he views UT Coin ter a similiar way that Macalinao sees Speedway Brick.
&ldquo,I just think it&rsquo,s something cool for UT students,&rdquo, Villarreal said.