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Title: My Idea Post by: NegativeZero on July 10, 2013, 05:23:36 AM My idea for a cryptocurrency:
- SHA-256 Hash blocks - New block are made from transactions - 10% of every transaction will become a block, therefore blocks are various sizes - A limit of 33 Million coins - Starting off with 500 250 coin blocks I really have now clue how to code or anything :P so I really can't do anything with my ideas. So yeah, that's it. Title: Re: My Idea Post by: narayan on August 10, 2013, 07:55:02 AM I think you should learn more about how Bitcoin works.
Title: Re: My Idea Post by: parat8t9 on August 10, 2013, 07:57:29 AM Whats the benefits of blocks made from transactions?
Title: Re: My Idea Post by: g83 on August 10, 2013, 08:12:29 AM I don't see the reason why to embed a new cryptocurrency at all - if we want bitcoin to get more successful we don't need all those alternate ones
Title: Re: My Idea Post by: duravello on August 10, 2013, 08:13:10 AM My idea for a cryptocurrency: - New block are made from transactions - 10% of every transaction will become a block Seems like making lots of small transactions is the way to go. So you are encouraging spamming this blockchain Title: Re: My Idea Post by: r3wt on August 10, 2013, 08:20:22 AM My idea for a cryptocurrency: - SHA-256 Hash blocks - New block are made from transactions - 10% of every transaction will become a block, therefore blocks are various sizes - A limit of 33 Million coins - Starting off with 500 250 coin blocks I really have now clue how to code or anything :P so I really can't do anything with my ideas. So yeah, that's it. it wont work, unless you made every block like this. the reason is that new coins could never be added, so your total supply would only be 500 x 250 coins. what you'd want to do instead is add a base value for each block + 10% of each tx. something like this: Code: int 64 nSubsidy = (nFees + 5) * COIN; then you would have to somehow define nFees(comprised of MIN_TX_FEE and MIN_RELAY_FEE) to be 10% of transaction not sure but here's my pathetic attempt Code: MIN_TX_FEE = ("n/% tx %n/" * .1) * COIN; Title: Re: My Idea Post by: vehementchrome on August 10, 2013, 09:17:22 AM Well the idea is certainly...different, but it doesn't sound like it would play out well. Just my opinion though.
Title: Re: My Idea Post by: VeryTripy on August 10, 2013, 10:24:16 AM Start studying these things. It is never too late.
Title: Re: My Idea Post by: mprep on August 10, 2013, 12:46:11 PM Another idea for an alt? No thanks, I'll pass...
Title: Re: My Idea Post by: smirno on August 10, 2013, 01:52:31 PM My idea for a cryptocurrency: - SHA-256 Hash blocks - New block are made from transactions - 10% of every transaction will become a block, therefore blocks are various sizes - A limit of 33 Million coins - Starting off with 500 250 coin blocks I really have now clue how to code or anything :P so I really can't do anything with my ideas. So yeah, that's it. New block are made from transactions this called spamming ;D Title: Re: My Idea Post by: guoweang on August 10, 2013, 02:26:08 PM I don't see the reason why to embed a new cryptocurrency at all - if we want bitcoin to get more successful we don't need all those alternate ones Competition is better than a monopoly. Alt coins should stay, just priced fairly. Title: Re: My Idea Post by: Daniel7 on August 10, 2013, 02:37:09 PM My idea for a cryptocurrency: - SHA-256 Hash blocks - New block are made from transactions - 10% of every transaction will become a block, therefore blocks are various sizes - A limit of 33 Million coins - Starting off with 500 250 coin blocks I really have now clue how to code or anything :P so I really can't do anything with my ideas. So yeah, that's it. New block are made from transactions this called spamming ;D not really |