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Alternate cryptocurrencies => Announcements (Altcoins) => Topic started by: wutizurkwest on July 06, 2014, 04:49:40 AM



Title: [PRE-ANN] [SHAKA] Shakacoin | SHA256 | LOLWUT?!?
Post by: wutizurkwest on July 06, 2014, 04:49:40 AM
This is a placeholder.  This coin is in the planning phase, check back periodically for more information.

INTRODUCTION

I believe most altcoins derive their value as testing grounds for features that could be adopted by Bitcoin.  This is one of those.

I have one very specific feature in mind that has nothing to do with the algorithm, anonymity, or the interface.  It's an under-the-hood change that could benefit all PoW coins, and I plan to use Bitcoin-Core as the code base.  But I will not announce what the feature is until I have a working proof of concept.  When it's ready, I will need your help to prove it works outside of a lab environment.

I am creating this to improve the Bitcoin ecosystem, not profit from the gullibility of others.  There will be no pre-mine, release phases, IPOs, stock options, or ninja-launch.  All testing will be done on the Shakacoin testnet, and the blockchains will be reset prior to launch.  The date will be announced months in advance so there is plenty of time for word to get around.  It seems no altcoin can launch without somebody complaining, but I won't deliberately give anyone a reason to do so.  I am open to your ideas, whether proven or new, to help ensure the launch is as fair as possible.

The name comes from the fact that I love Hawaii, and I'm a big fan of the annual Shakacon security conference.  I hope to submit this feature as a presentation for the 2015 conference.


That is all for now.  Hang loose!

-wutizurkwest








Title: Re: [PRE-ANN] [SHAKA] Shakacoin | SHA256 | LOLWUT?!?
Post by: platorin on July 06, 2014, 05:00:22 PM
This is a placeholder.  This coin is in the planning phase, check back periodically for more information.

INTRODUCTION

I believe most altcoins derive their value as testing grounds for features that could be adopted by Bitcoin.  This is one of those.

I have one very specific feature in mind that has nothing to do with the algorithm, anonymity, or the interface.  It's an under-the-hood change that could benefit all PoW coins, and I plan to use Bitcoin-Core as the code base.  But I will not announce what the feature is until I have a working proof of concept.  When it's ready, I will need your help to prove it works outside of a lab environment.

I am creating this to improve the Bitcoin ecosystem, not profit from the gullibility of others.  There will be no pre-mine, release phases, IPOs, stock options, or ninja-launch.  All testing will be done on the Shakacoin testnet, and the blockchains will be reset prior to launch.  The date will be announced months in advance so there is plenty of time for word to get around.  It seems no altcoin can launch without somebody complaining, but I won't deliberately give anyone a reason to do so.  I am open to your ideas, whether proven or new, to help ensure the launch is as fair as possible.

The name comes from the fact that I love Hawaii, and I'm a big fan of the annual Shakacon security conference.  I hope to submit this feature as a presentation for the 2015 conference.


That is all for now.  Hang loose!

-wutizurkwest








Okay, but SHA256? Really?


Title: Re: [PRE-ANN] [SHAKA] Shakacoin | SHA256 | LOLWUT?!?
Post by: wutizurkwest on July 06, 2014, 08:47:01 PM
Really really.  My hope is that the feature will be merged back into Bitcoin-Core, so the fewer the differences from that, the better.


Title: Re: [PRE-ANN] [SHAKA] Shakacoin | SHA256 | LOLWUT?!?
Post by: Shadow_Runner on July 06, 2014, 08:49:33 PM
Why pre-ann not finished coin?


Title: Re: [PRE-ANN] [SHAKA] Shakacoin | SHA256 | LOLWUT?!?
Post by: bish5555 on July 06, 2014, 09:37:35 PM
Jah Shaka meets Pepper - Money + Expensive Dub

https://www.youtube.com/watch?v=llYVWXE2Bkg


Title: Re: [PRE-ANN] [SHAKA] Shakacoin | SHA256 | LOLWUT?!?
Post by: wutizurkwest on July 07, 2014, 02:24:48 AM
Why pre-ann not finished coin?


I wanted to publicly reserve the name.  Too many good names are being taken and the domains are getting harder to find, and I need something to put in the code.




Title: Re: [PRE-ANN] [SHAKA] Shakacoin | SHA256 | LOLWUT?!?
Post by: Valzador on July 07, 2014, 09:11:31 AM
If you need help building the coin PM me.