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Going for broke in Cryptoland: Creating your own cryptocurrency

By David Segal
New York Times·
22 mins to read

Some hype coins mint instant millionaires. Others go bust. Why not take a chance?

They have names that make them sound delicious, like Cookie Coin. Or headed for outer space, like Pluto Coin. Or space-bound and delicious, like AstroCake, which was described this way: "Created 5 minutes ago. SAFE."

Hype coins, as they're known, sit squarely on the flashy, speculative end of the cryptocurrency business. Every day, dozens of them are created around the world by developers promising fortunes to

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