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Title: NEW cryptocurrency combining all cryptocurrencies benefits in only one! Post by: wolfshore on December 29, 2013, 09:32:21 PM Hi everyone, why can't a nerd create such a crypto currency:
- Asic-hostile scrypt algorithm - Quarkcoin's security (9 rounds of encryption) + Zerocoin - Primecoin's intrinseque value (finding prime numbers) - Infinitecoin's speed (30 sec per block) - Dogecoin's marketing image and amount of coins (100 billion coins can work in an international market) - Freicoin's demurrage fee (anti-entrenchment of a financial elite) - Good community and experienced developers Is it possible to create such type of money? Does anyone heard about such a project? ps: you can call it wolfcoin "or globalcoin" for 1 million wolfcoins Title: Re: NEW cryptocurrency combining all cryptocurrencies benefits in only one! Post by: Mr.V on December 29, 2013, 09:36:41 PM A lot of coins here are just copy paste coins of litecoin. If I were going to make a copy paste coin I rather go with Novacoin, POW/POS, and yah 1 billion coins would be alright as well. Most ppl here think that having less coins produced means that their coin is going to be more successful but as we have seen that's not the case
Title: Re: NEW cryptocurrency combining all cryptocurrencies benefits in only one! Post by: nocoin on December 29, 2013, 09:40:26 PM scrypt algorithm You crazy or something?finding prime numbers 9 rounds of encryption Title: Re: NEW cryptocurrency combining all cryptocurrencies benefits in only one! Post by: cryptohunter on December 29, 2013, 09:42:02 PM Hi everyone, why can't a nerd create such a crypto currency: - Asic-hostile scrypt algorithm - Quarkcoin's security (9 rounds of encryption) + Zerocoin - Primecoin's intrinseque value (finding prime numbers) - Infinitecoin's speed (30 sec per block) - Dogecoin's marketing image and amount of coins (100 billion coins can work in an international market) - Freicoin's demurrage fee (anti-entrenchment of a financial elite) - Good community and experienced developers Is it possible to create such type of money? Does anyone heard about such a project? ps: you can call it wolfcoin "or globalcoin" for 1 million wolfcoins Not possible. Title: Re: NEW cryptocurrency combining all cryptocurrencies benefits in only one! Post by: nastybit on December 29, 2013, 09:42:22 PM A lot of coins here are just copy paste coins of litecoin. If I were going to make a copy paste coin I rather go with Novacoin, POW/POS, and yah 1 billion coins would be alright as well. Most ppl here think that having less coins produced means that their coin is going to be more successful but as we have seen that's not the case scamcoin are scrypt clones beceause an ASIC is not out yet and it's more difficult to do a 51% attach. Create a sha and you get 51% owned by some angry kids with too many ASICs power on their hands. As far as I know nobody managed to do a 51% on Litecoin so far (at least in the last year) Title: Re: NEW cryptocurrency combining all cryptocurrencies benefits in only one! Post by: wolfshore on December 30, 2013, 08:23:10 AM Hi everyone, why can't a nerd create such a crypto currency: - Asic-hostile scrypt algorithm - Quarkcoin's security (9 rounds of encryption) + Zerocoin - Primecoin's intrinseque value (finding prime numbers) - Infinitecoin's speed (30 sec per block) - Dogecoin's marketing image and amount of coins (100 billion coins can work in an international market) - Freicoin's demurrage fee (anti-entrenchment of a financial elite) - Good community and experienced developers Is it possible to create such type of money? Does anyone heard about such a project? ps: you can call it wolfcoin "or globalcoin" for 1 million wolfcoins Not possible. Why? Title: Re: NEW cryptocurrency combining all cryptocurrencies benefits in only one! Post by: JDDev on December 30, 2013, 09:04:24 AM Scrypt, 9-round hashing, and cunningham chain are three algorithms that have the same purpose (more or less) within the coin.
Title: Re: NEW cryptocurrency combining all cryptocurrencies benefits in only one! Post by: markm on December 30, 2013, 09:30:27 AM A lot of coins here are just copy paste coins of litecoin. If I were going to make a copy paste coin I rather go with Novacoin, POW/POS, and yah 1 billion coins would be alright as well. Most ppl here think that having less coins produced means that their coin is going to be more successful but as we have seen that's not the case scamcoin are scrypt clones beceause an ASIC is not out yet and it's more difficult to do a 51% attach. Create a sha and you get 51% owned by some angry kids with too many ASICs power on their hands. As far as I know nobody managed to do a 51% on Litecoin so far (at least in the last year) Maybe because of all the ponzi schemes that use scrypt? Possibly those angry kids with too much GPU power on their hands are mining ponzi coins instead of attacking litecoin? Of course they could so very very easily PWN any/most of those ponzis... -MarkM- Title: Re: NEW cryptocurrency combining all cryptocurrencies benefits in only one! Post by: Bigeyeone on December 30, 2013, 09:32:27 AM never say never, gonna see whether this is serious or not,
Title: Re: NEW cryptocurrency combining all cryptocurrencies benefits in only one! Post by: wolfshore on December 30, 2013, 10:39:38 AM Scrypt, 9-round hashing, and cunningham chain are three algorithms that have the same purpose (more or less) within the coin. ok then why can't we just take the best benefits from the different types of altcoins and make what is possible to make? Title: Re: NEW cryptocurrency combining all cryptocurrencies benefits in only one! Post by: simbo on December 30, 2013, 10:51:05 AM Hi everyone, why can't a nerd create such a crypto currency: - Asic-hostile scrypt algorithm - Quarkcoin's security (9 rounds of encryption) + Zerocoin - Primecoin's intrinseque value (finding prime numbers) - Infinitecoin's speed (30 sec per block) - Dogecoin's marketing image and amount of coins (100 billion coins can work in an international market) - Freicoin's demurrage fee (anti-entrenchment of a financial elite) - Good community and experienced developers Is it possible to create such type of money? Does anyone heard about such a project? ps: you can call it wolfcoin "or globalcoin" for 1 million wolfcoins 1. ASIC hostile algorithm -- check 2. Strong security -- SHA3(keccak), 2 round 3. Find prime value -- no 4. Speed @ 30sec/block -- check 5. Marketing & coin quantity -- 10 billion can? Marketing, WIP. Coming out on 1st Jan 2014!!! Watch out for it! Title: Re: NEW cryptocurrency combining all cryptocurrencies benefits in only one! Post by: nSuper on December 30, 2013, 11:08:46 AM But its so profitable to make a copy paste coin to pump and dump rather than put work to make a good coin.
Title: Re: NEW cryptocurrency combining all cryptocurrencies benefits in only one! Post by: simbo on December 30, 2013, 11:16:42 AM If you feel that a certain feature is really good, please pm me [coin, feature, reason] & I will check with my development team if we can implement it. It may take a while as my coin is just preparing to launch.
Title: Re: NEW cryptocurrency combining all cryptocurrencies benefits in only one! Post by: wolfshore on January 01, 2014, 09:37:42 PM How long may it takes?
Title: Re: NEW cryptocurrency combining all cryptocurrencies benefits in only one! Post by: wolfshore on January 05, 2014, 11:51:21 PM up
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