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Title: what if a new cryptocurrency had this new feature?!?! Post by: amiodarona on August 25, 2015, 08:58:53 PM hello fellas!
just a quick newbie suggestion and/or question: what would you think if a new currency had this features: - a limited amount of currency can be made, just like bitcoin. - but each time a new transaction is made, a small percent from that currency (5-10%) is somehow destroyed so it can be mined once again by any miner. ?!?! later edit: that percent is related to the transaction. so: i sent 100 "miracle"currency to someone. he receives 90 of them and 10 are destroyed. ??? Title: Re: what if a new cryptocurrency had this new feature?!?! Post by: SubversiveTech on August 25, 2015, 09:01:32 PM If there's a premine of 10% and an IPO I would put my pension fund in.
Title: Re: what if a new cryptocurrency had this new feature?!?! Post by: monsterer on August 25, 2015, 09:04:36 PM hello fellas! just a quick newbie suggestion and/or question: what would you think if a new currency had this features: - a limited amount of currency can be made, just like bitcoin. - but each time a new transaction is made, a small percent from that currency (5-10%) is somehow destroyed so it can be mined once again by any miner. Code: for (;;) result: 0 currency supply. Title: Re: what if a new cryptocurrency had this new feature?!?! Post by: amiodarona on August 25, 2015, 09:17:14 PM hello fellas! just a quick newbie suggestion and/or question: what would you think if a new currency had this features: - a limited amount of currency can be made, just like bitcoin. - but each time a new transaction is made, a small percent from that currency (5-10%) is somehow destroyed so it can be mined once again by any miner. Code: for (;;) result: 0 currency supply. i'm just clueless about what you are saying :) Title: Re: what if a new cryptocurrency had this new feature?!?! Post by: bathrobehero on August 25, 2015, 09:20:19 PM So essentially the transaction fees would be stupidly high which prevents mainstream use.
If there's a premine of 10% and an IPO I would put my pension fund in. Such as the way of gamblers. Title: Re: what if a new cryptocurrency had this new feature?!?! Post by: amiodarona on August 25, 2015, 09:24:30 PM the transaction fees can be adjusted to 1% or 0.0000001%, but that's not the point that im trying to make.
the point is that by auto-destroying a small part of currency, there is always an opportunity and reason to mine. Title: Re: what if a new cryptocurrency had this new feature?!?! Post by: TPTB_need_war on August 25, 2015, 10:32:37 PM - but each time a new transaction is made, a small percent from that currency (5-10%) is somehow destroyed so it can be mined once again by any miner. For the record, I proposed this feature before. Title: Re: what if a new cryptocurrency had this new feature?!?! Post by: tacotime on August 25, 2015, 10:50:33 PM freicoin
Title: Re: what if a new cryptocurrency had this new feature?!?! Post by: I am the guy on August 25, 2015, 10:51:41 PM cool idea. I know that Vericoin POS "burns" staked coins and after N confirmations the stake balance returns as new coins (into the wallet).
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