Bitcoin Forum

I'm currently building an alt-coin for minimalists, perfectionists, and designers. What would you like to see in such a coin? I intend on totally revamping the UI for the QT wallet, I created stunning custom marks, and am working on a zen website that couldn't make it simpler to get started.

I don't want to see any more alts  :D. Unless there's something revolutionary or unique I don't see the point.

one word: innovation

if you click on the Alternate cryptocurrencies forum, everything you see is simply bitcoin or litecoin with variables and names changed. implement a new hash, or something!

I totally see your point. I just wish to leave my mark on the cryptocurrency community. My difference is that most alt-coins today can be ugly in design, install, building, mining, etc. My point in the creation of a new one is to remove all the clutter and make starting with the coin as easy as three button clicks.

Well how about an alt coin that provides cycles for Medical/scientific  research.  a folding@home alt coin For Example. I am sure the Crypto folks and the Computational intensive research folks can work together to make wasting cycles on my system worth while.

El

A crypto-currency that entrenches privacy protocols like Zero-coin and/or dark wallet would be great.

I think for an Alt to really take off, it needs a lightweight wallet like Multibit, where you don't have to download the entire blockchain.  A lightweight wallet makes it much easier for people who aren't as tech-savvy to get on board.  Also a sensible block reward scheme, no pre-mining and preferably some innovation too.  A few faucets to spread the coins around are beneficial as well.

I do think the wallets are pretty bland and look dated, but I reckon you'd be better off just designing a slicker wallet for Bitcoin.

How about a coin that represents stock in a company?

For example, let's say I wanted to initiate a group buy on some miners. It might be difficult to get everyone to put up their money, etc., when required. It might also present problems for people who don't all agree on the final outcome of the group purchase. Some might want to cash out pretty quickly, others might want to reinvest, etc. A solution I've contemplated is a stock coin that is 100% pre-mined and offered at a specific price to those interested in the collaboration. The collaboration can post each month's mining success and expenses and a per stockcoin profit. Those who want out of the collaboration can sell their stockcoin based on what the market determines it to be worth based on the listed per stockcoin profit plus any perceived future value, etc. Others can choose to hold their stockcoins. Later on, the collaboration can buy back the stockcoin for a specified amount of bitcoins. Then a series 2 coin can be issued in subsequent quarters, etc., for future rounds of investing.

Think something like that exists already.

needs be fast, cpu-only also stabile and high hashrate is important. Those main points. Zerocoin is a bonus. Then you'd have to take care to avoid forks. That would be pretty much it. What's the name of it? Keep us updated.

Qrk and xpm are already pretty close to what we want i think.

And don't premine it to not damage the reputation.

Something very special, fast transactional,  qt with messaging and mining solo or pool directly froom pool. No premined and publicly distributed.  If you could arrwnge such then I hope you will get it.

ProtoShares already are out there with that concept if I am not mistaken!

premined, that gives some presure to the devs to increase the coin price on the excanges.

I want see animated gif in client. I create Gangnamstyle coin which fist altcryptocoin to do that. We also have much awesome reward.  :D

Fast transactions, decentralized exchange and truly anonymous (like Tor).

-A coin that could be a standard after BTC/Litecoin/---

-A lite-client that doesn't need the whole blockchain,

-Opensource, have all major os clients ready

-Have an algorithm that mining can only begin ~n weeks after launch.

That does not require a new coin.

Just do it to a real, useful, popular coin to make it even easier for everyone to use it.

-MarkM-

Better wallets(layout and options). New algorithms. Innovation.

One word: Your Mom

Its absence

No more scam coins.
No more of this second generation of crypto (ie: fancy way of saying next generation of scam coin)

We don't need more coins.

We need better adoption.

Thanks for all your thoughts! I understand many of you are against the development of new currencies, but what's the harm in doing so? If people love Bitcoin, they'll stay and I see it as doing the community a service as in getting the word out about cryptocurrencies (yes... there are people who have no idea what they are). I'll put the posts here into consideration as I continue developing.

Innovation.

There's only been one exciting innovative coin this week, and it failed because it got bombarded with instaminers. The situation is just crazy now.

There's no harm, but there's really no need for new ones either unless they bring something new.

I'm thinking about a totally new wallet design, simpler install, and really just cutting the crap out of cryptocurrencies to their most basic form.

Contracts: https://ripple.com/wiki/Contracts#Example_Contracts (https://ripple.com/wiki/Contracts#Example_Contracts)

Neat! I'll look into that, but remember, the goal of it is to keep it simple. Not complicate things by adding more. ;)

Well, when you have coin like Quark with 98% premine yes, that puts some pressure on DEV´s to continue working on the coin because they just cant dump in one go so many coins! In time they have to make an effort to push and promote the coin, creating partnerships and trying to spread the coin to flow into markets and if people take interest in the coin and its structure, the coin takes off almost on its own due to so many parties already involded OR it can be a long term pump and dump for all parties involved /scary ;D

DOGE for example if it stays as its has been one of the most profitable coins to mine for awile long you can rest assure it wont die because real investments are taking place around DOGE.

Then you have the instantmine and premine like around 2% claim from DEV´s for Giveways, bountys, etc... to sustain the coin. These are tricky because either its a dumping coin as soon it hits a market like for example Mooncoin or it can be a coin to watch and keep an eye on like Earthcoin for future investment!

And lately we had coins popping up like cherries which at launch dont have source codes ( WICH IS A REAL DANGER BECAUSE ANYTHING THAT YOU DOWNLOAD IS A POTENTIAL VIRUS) wallets or anything else but a DEV with a premine coin to just dump hit at the first chance he or they can get :o

So, this is the general overview that in my opinion you have to look and think what you want from a coin to give to the world as a currency but probably its just me ;)

Good trading

This is by far the best post so far. Thanks for your input! It's going to be 101% open source with only like 0.05% premine to supply competitions and the like. :)

How long would it take to make the coin I described and how much?

less is more, prefer no more alts thankyou  ;D

I understand. Still - I'm getting board of helping others out with creating their own coins. It's prime time I make my own.

I'm bored of shitcoins, not alternative-coins. Please understand why they are different.

there's nothing wrong with a lil premine just as long as you use it to develop the coin. A lot ppl here think they should get rich off of your hard work well I say F them in the but... Miners think they are entitled to get first dibs on a coin when they do absolutely nothing

For fucks sake, stop spreading false info and lies! QRK was never pre-mined. Read the announcement thread