Bitcoin Forum

Has it ever been proposed before?

I think  this is what Anti-Matter is/was trying to do

How can you make something both ASIC proof?

"I think  this is what Anti-Matter is/was trying to do"


Thanks,
"Was" meaning no progress down there?

P.S. I like Your Name 8)

"So Many AltCoins, - let's make another one"

What's wrong with another one? Specifically self growing Open Source Project?

BTW they are All Awesome to me and this poll is posted by the inspiration
of reading pixel's "How do you create an altcoin? (http://How do you create an altcoin?)
I highly recommend everyone to read!  :)

You mean, create something that doesn't use SHA256 or Scrypt? I'm pretty sure all coins are using either of the two. I guess you could invent something new that would be CPU based only. But on a given timeline, technology will be created to mine faster and/or use less electricity. And there would have to be a good reason to switch over. What benefits will this new coin have over something like Bitcoin.

Bitcoin is fairly solid.

Both SIC and Primecoin are using different algo.

I'd make a joke we should call it "CloneCoin" or something obvious, but the name "Yet Another Coin" is already used, so making a new coin ironically isn't even original.

We have a universal coin, Its called BitCoin

let me guess, your going to create it?

but that attempt failed

but yeah the last place you should start a new bitcoin or bitcoin clone is forum.

Sure, but topic is not about BTCCoin here.

Imagine people in undeveloped countries? They will never be able to mine BitCoin.
What they do have is some older machines still capable to mine, so they could get some taste of Freedom.
Also, I really like a few ideas of others to create coin where with older machine solo mining is promoted and new people get some incentive just as they start to mine.
 

Wait... Bitcoin "failed"?

Oh yeah great idea, get people in undeveloped countries to use insecure money so script kiddies all over the developed world can take their money, brilliant.

-MarkM-

The topic of this poll is:

"Universal Community Coin (Open Source, no asics) everyone able to mine."

It also makes me sad that many users on this forum have no idea what open source is.

yes., people here consider it a success merely based on its price vs USD.

however as an actual useable currency its a fail.

hell even look at its homepage the benefits listed simply are not true.

makes me even sader that people develop a crypto in order to mine :(

Isn't it :)

So many fiat currencies out there....can't we just create a universal one to use globally?   ::)

actually its getting worse

one of the focus' of satoshi's white paper was that the big banks fee's hinders micro transactions and btc was developed to overcome this :(

Mining isn't the point of bitcoin. Most people who use the dollar will never get to print their own dollars either. That's not exactly a flaw.

Sure. Remember to let eveyone know when its ready for release, so someone can clone it.  :D   ;D

yeah but if only an elite circle get to mine then its no better then the fiat elite who print the money? no?

So parachute crates of ASICs into the third world...

-MarkM-

That's The Spirit!

thought thats what the US was doing with the USD.....well they're certainly printing enough of them for everyone  ;)

Clone it, but to the better clone ;) that's how intellect develops....
(example) how bacteria develops to live in chemical reactor:
1: by learning
2: by adopting

You got that right!   ;D

Just what we need another coin!

How about, instead of having a coin that has the block reward halve over time or go down when difficulty goes up, we had a coin where the block reward increased over time? Then everyone can mine profitably! /s

Not only sad, but scary

Along with solar panels and DSL connections.

I like this idea too, and I think it was the original vision for Bitcoin. By the time it became clear that GPU mining would dominate, it was already too late to do anything about it. ASICs just make a bad situation worse.

Universal mining on CPU would have seen a much wider spread and adoption of Bitcoin during the press frenzy - the lack of GPU resistivity was a major flaw that has hindered Bitcoin. Tenebrix->Fairbrix->Litecoin sought to address this, but they have all failed in this objective where GPU miners dominate.

I'm currently creating an altcoin with universal CPU mining ability. Send me a private message if you'd like to be in the beta.

That really sounds hilarious :) I bet these people in undeveloped countries aren't sad because they don't have the hardware to mine BTC, I think they are sad because their life is hard and their peers are savages  :D Aint no coin gonna to change that neither

Yes, look at Alternate cryptocurrencies forum.
Everyday some new-coins have been made.
If all of these creators could get together would be great to have Universal One!

How about 'Global Miner's UNION'