Bitcoin Forum

Alternate cryptocurrencies => Altcoin Discussion => Topic started by: jtpeters on February 04, 2014, 06:10:02 AM



Title: Describe the perfect altcoin.. What parameters would you give it?
Post by: jtpeters on February 04, 2014, 06:10:02 AM
What's your opinion on the perfect altcoin?

Scrypt or SHA-256?
How many coins?
Block reward?
BTC Difficulty?
BTC Block time?



Title: Re: Describe the perfect altcoin.. What parameters would you give it?
Post by: mayne on February 04, 2014, 06:39:27 AM
0% premine


Title: Re: Describe the perfect altcoin.. What parameters would you give it?
Post by: BitCoinPokerBro on February 04, 2014, 06:47:06 AM
Clone Infinite Coin (IFC) and improve with new features. IMO it was and still is one of the better altcoins.

Here's why -

- No premine

- Community is active.

- Plenty of games/support

- Everyone is happy with the large number of coins.

- Value has appreciated more than 30 times what it was worth back in July

- #14 market cap out of 80+ alt's listed on http://coinmarketcap.com/ (http://coinmarketcap.com/)


The sweet spot for total coins is 10-100 billion any more than that and you'll get stuck with second tier trading pairs. For example doge/coin or xpm/coin rather than btc/coin or ltc/coin.


What special features to add?  Without much/any experience with these new implements here's a short list.

Colored coins sounds interesting, however I don't personally know how it works.

Name/ID's instead of addresses


And for coin support

IOS/Android wallets at or soon after launch


Title: Re: Describe the perfect altcoin.. What parameters would you give it?
Post by: drmosh on February 04, 2014, 06:53:50 AM
Neither SCRYPT or SHA-256...  ASIC proof CPU minable...

Fast confirm, ephemeral block chain no sync time


Title: Re: Describe the perfect altcoin.. What parameters would you give it?
Post by: jtpeters on February 04, 2014, 07:09:22 AM
if there was a pre-mine, how about 1-5% that could only be sold when certain conditions are met?


Title: Re: Describe the perfect altcoin.. What parameters would you give it?
Post by: BitCoinPokerBro on February 04, 2014, 07:13:15 AM
if there was a pre-mine, how about 1-5% that could only be sold when certain conditions are met?

0.5-1% max with public ledger. Most of which should be spent on giveaways, promotion, and bounties.

If your going to dump in 1-3 months or all at once at any point in time don't even bother.