1. Decentralized (of course) - Yes.
2. Cryptonote algorithm (ASIC resistant, cpu minable) - Being ASIC resistant is a negative as it allows for botnets. Having the Cryptonote as a default privacy mechanism is also negative as it removed the ability for accountants or people wanting transparency from simply using the blockchain to look up transactions. Bitcoins model of allowing the end user to choose between privacy (with wallets like darkwallet) and transparency is superior.
3. Proof of Work and Proof of Stake (you could either mine them or stake them) PoW a must , but adding another layer of security like PoS is fine.
4. Stable price (just like NuBits (NBT) ) - Stability is relative as to the inflation found in other currencies. If USD is inflating at 5-8% I would prefer bitcoin to be appreciating at least 10% or more per year. Pegging a currency to an inflationary currency does have some benefits but is greatly exaggerated and basically turns the currency into merely a payment rail.
5. Integrated escrow (no need for escrow services, the same is provided by the network within the coin's wallet) - Sure, that sounds like multisig and checklocktimeverify within bitcoin though.
6. Mine right from the wallet software. No, mining from ASIC's is superior as CPU mining allows for botnets to mine.
7. Supply of 5 to 10 million coins (just a suggestion) - The amount of coins doesn't matter much. The rate and curve of inflation is what matter most. A disinflationary currency at or less than the distribution rate of bitcoin is optimal.
8. Compressed Blockchain Data (no need to wait hours for wallet to sync. The Blockchain data would be compressed, thus synchronization time would take around 10 to 15 minutes) - Yes, exactly like what is found in pruned full nodes within bitcoin - 1GB blockchain.
9. No premine - Yes, or instamine, or Stealth/ninja mined
10. Instant network confirmations (at the moment of making a transaction, there's no need to wait 15 or 30 minutes for the same to be confirmed) - Yes, something bitcoin and other alts need to work on . Inter-payment channels seem like best bet like the lightning network which can be adopted by any coin. Confirmations being any slower than 1-2 seconds are pointless in most cases.
2. Cryptonote algorithm (ASIC resistant, cpu minable) - Being ASIC resistant is a negative as it allows for botnets. Having the Cryptonote as a default privacy mechanism is also negative as it removed the ability for accountants or people wanting transparency from simply using the blockchain to look up transactions. Bitcoins model of allowing the end user to choose between privacy (with wallets like darkwallet) and transparency is superior.
3. Proof of Work and Proof of Stake (you could either mine them or stake them) PoW a must , but adding another layer of security like PoS is fine.
4. Stable price (just like NuBits (NBT) ) - Stability is relative as to the inflation found in other currencies. If USD is inflating at 5-8% I would prefer bitcoin to be appreciating at least 10% or more per year. Pegging a currency to an inflationary currency does have some benefits but is greatly exaggerated and basically turns the currency into merely a payment rail.
5. Integrated escrow (no need for escrow services, the same is provided by the network within the coin's wallet) - Sure, that sounds like multisig and checklocktimeverify within bitcoin though.
6. Mine right from the wallet software. No, mining from ASIC's is superior as CPU mining allows for botnets to mine.
7. Supply of 5 to 10 million coins (just a suggestion) - The amount of coins doesn't matter much. The rate and curve of inflation is what matter most. A disinflationary currency at or less than the distribution rate of bitcoin is optimal.
8. Compressed Blockchain Data (no need to wait hours for wallet to sync. The Blockchain data would be compressed, thus synchronization time would take around 10 to 15 minutes) - Yes, exactly like what is found in pruned full nodes within bitcoin - 1GB blockchain.
9. No premine - Yes, or instamine, or Stealth/ninja mined
10. Instant network confirmations (at the moment of making a transaction, there's no need to wait 15 or 30 minutes for the same to be confirmed) - Yes, something bitcoin and other alts need to work on . Inter-payment channels seem like best bet like the lightning network which can be adopted by any coin. Confirmations being any slower than 1-2 seconds are pointless in most cases.
Thanks for sharing your opinion with us.