I haven't talked to any programmers so I don't know what it would take to code this feature but in my mind it should be fairly simple.  I did take an intro to C++ class back in college.  Ha.

There is a simple way and it also makes mining more fun for everyone, to reward the smaller miner, on a % basis, more so than the larger miners.  But they would all get the same benefits. 

It wouldn't make any difference because the reward is in the relative nature if the overall results a miner gets and not anything to do with their equipment or network.  It's a reward feature and the less you earn mining the more rewarded you'll feel by this feature.

I don't wanna give it away cause I think it's a great idea but trust me, it would be fair to big miners and a bit more than fair to the small miners but the big miners would get the same exact rewards as the small miners.  A win-win for everyone.

Lol, I didn't know that.

This feature wouldn't hurt the big miners, it would simply be a bit more rewarding on a % basis to the smaller guy.

I wouldn't target the large miners.  In fact the large miners would get the same rewards but on a % basis, the feature I have in mind would be much more rewarding for the smaller guy.

So the security wouldn't change and large miners would want to mine this coin as well because it should be more fun and rewarding to mine than any other coin.

But I haven't talked to any programmers so I don't know what it would take or how much it would cost to implement such a feature.

I'm only saying I'd like to give the small miners a bit of an edge and make mining more exciting.

The coin I have in mind would help guys just like you.  I can't target just low hash-rate computers but I think my idea would at least give solo miners and the little guy a fighting chance.  An edge.  Not a huge advantage but an edge you currently don't have with any coin out there.  And it would also make mining more fun.

1% of mined coins.  You don't have to personally pitch in anything.

Running these polls the past few days I've found a few shocking things.

A) It's way too easy to launch a coin and way cheaper than I first thought.

B) People here are set on default to automatically hate any new dev or new coin.

At first I thought you were all very sick people but Now I see most of you are just sick and skeptical of scammers and pumpers looking to dump another CrapCoin on everyone.  

And I gotta respect that.  But here's another shocking thing.  You guys are computer literate and many of you can program - you can literally write your own ticket, create the best coin for YOU, with yourselves in mind - first and foremost.  Yet nobody has done that.  Nobody cares about everyone else: the focus is always on ME.

Now, there's nothing wrong about caring about yourself but why not do something for everyone else too, especially when it's easy and affordable to do.

So I wanna launch a coin aimed at benefitting the miners the most.  After-all, miners make or break all alt coins so where's a coin designed for them, to benefit them the most, especially the many at the low end of the hash-rate spectrum?

I have a feature in mind, a concept I learned in Business School that would make mining a lot more exciting, and more rewarding, but most of all would benefit the smaller guy more than the guy with a $50,000 rig, on a % basis.

This would be a coin for the alt community and you guys would have to adopt it and make it your own.  I'll pay for it and launch it and in return I'd take 1%.  No premine or instamine.

And I'll give at least a 3 day heads up, that's a true fair launch.  That way anyone against it has plenty of time to mobilize enough people to kill this thing.  I'll even make it SHA256d so it can be merge mined and those with ASICS can kill it even faster if it's another crapcoin.  There should be a 3 day rule: sneak launches are a big sign of another crapcoin scared of a killer attack.

So what do you guys think?   Any good names you guys want for such a coin:  a coin by the people for the people?  

What about special features:  what are some features you'd really wanna see?


Shout it out!

Edit:

I can't keep giving hints about this new feature I call:  the VGB Protocol.

Be assured it will be fair to all miners but more rewarding to the smaller miner which is most people.  And it will make mining more fun and exciting for everyone, even the big miners.

LoL, looks like Nuggets  is so far the more popular name.  It's your coin, pick any name you want most.

I'm totally against premine or instamine.  I said the only fair way is to pay a % of mined coins.  I said 25% cause I thought it was really expensive to launch a coin, over $10,000 but its not nearly that high.

And nobody has ever made $100,000 weeks after a launch.  It's not possible.  Maybe months and only in rare cases.

But I agree, premining is a clear pump and dump scheme.

I'm gonna do a poll to see how many people want a mining coin:  a coin for the miners, skewed to benefit the smaller miners the most, on a % basis.

Seriously?  That's amazing.  I really had no idea.  If that's the case then why don't the people launch a coin for the people. 

I mean a miner coin. A coin that benefits the small miners the most and not the guys with $50,000 rigs. 

I have an idea for a feature for a coin that would really help the little guy - level the playing field a bit.  Cause most miners are little guys.

And if you all can take care of your own coin I'll just pay for it and launch it for you and that's fine, I'll take just 1%.

Without the devs these coins die.  Where do you think bounties come from?  Who's gonna work for free to support and improve a coin? 

Amin, brother.  That's what I'm saying.  Too much hating going on toward the devs.  These devs provide coins for people so they can make money while at the beach.  That's the reward for miners so where's the reward for devs wince they're doing all the work?

But miners aren't exactly breaking their backs out there, doing "all the work."

And they're mining in their self interest and most have their hardware paid off in the first few months.  They leave it on and go about their lives.  The electricity is paid for in the equation..

You make it sound like miners are coal mining.  Lol

Fact is, if not for developers, miners wouldn't have such opportunities and if you want newer and better coins to come out then there must be some good incentive, and it seems like some people are communistic about this, they think devs shouldn't get anything.

Let's get real.  Let's be fair.

Interesting mark, I never thought of a promoter as I've always hated sales and been horrible at them.  But I have been told regarding stocks that if I believe in a stock that I could sell anybody on it.  But to me that was never sales - making someone see the truth about how great something is to me is not promoting or sales its Simply the truth and the truth is easy to sell.

I don't think I could pump and dump like that but yeah, there are a few coins I really believe in that I tell people about everywhere I go.  Problem is - right now the masses are skeptical of alt coins cause they either don't get them or they hear about the bad reputation.  

I'll still consider launching my own coin but I've decided to use this feedback as the consensus of the general public and not launch CatholicCoin and not even OrphanCoin although I personally liked both.  I'm gonna wait for a coin to come to me that feels just right in very way.

Until then I'm gonna keep accumulating devcoins and ixCoins.  I think one of those 2 will make it big.  I'm convinced of that.  But people don't believe in small things, they want to buy something that's already up there and there's little money to be made in those coins which have already ran so much.

Thanks for your input, mark.

Lol, ok, the last part got me laughing.

You're being too pessimistic.  Look around, show me a coin launched in the last 3 months who did the things you're expecting me to do.  None have. It's a work in progress.  If people had that kind of money to get that much done in such a short amount of time they'd probably be starting a bigger business not risking it on these alt coins.

I will definitely give it serious thought - I have plenty of time to spend with my kids right now - my worry is that if I start a new job I will be literally working 16 hour days for months to come and that would become a problem.

But at the same time I don't like being led by fear and the unknown of what might be.  

And you say I'm gonna take half the profits after 3 months, you're sounding biased.  It's ZERO% for one coin and 20% for the other coin and that's after supporting both coins with both, time and money for the previous 3 months.  I hardly see that as excessive.

If anyone thinks that's too much I'll point you to coins treading on exchanges which give miners way less of the coins/profits and have not nearly the kind of charity work and transperancy I'm offering.  If that means nothing then the alt community deserves more pump and dump schemes and coins which only serve to enrich one person and care nothing about anybody else.  

The way I see it, I'm very much the opposite from most developers and seeing how most here don't trust any developers that tells me that's a good thing.  Sounds like a lot of scsmmers have come though which is probably why everyone is so negative and quick to flame-on, and blow people up around here.

I've got to weigh my options cause this would be a huge undertaking time-wise but I should have a decision made soon.  And I'm still checking out total costs cause that may be an issue after a few months.

So let me clarify.  For the first 90 days: for both coins:  miners would get 50% and members of this forum would get the entire second half (50%).  Basically anyone who posts on these coins' threads would be eligible for any and all the payouts.  There may be some rule made there to prevent spamming just to get your name in the pot.


I don't know, maybe post once per day for a week for every weekly drawing or something like that.  Or maybe we'll do weekly big lotteries and then some daily drawing.  And anybody can choose to kick a % of their winning in a pot for bounties but that's not in any way necessary. I'm just not sure how I'll fund development - I'm not sure how much I can commit out of pocket at this point but the odds of these 2 coins getting killed by an attack is so great that I'll figure something out if they do survive.


The rationale is this: I'm not gonna call the Catholic Church or an orphanage and offer them coins when I don't know if these coins will be dead next week.  That's humiliating.  I figure if they survive 3 months then I can call around and not be so embarrassed or worried about an imminent 51% attack.

Good questions.

If I don't do them both at once I'll be accused of using a charity coin to launch a profit coin.  I don't want that so I'll work harder to launch them both.  I'm hoping with the charity coin ill get some help, but who knows.

The charity coin: OrphanCoin, I won't get anything, not a single coin.  I think 50% to orphanages and 50% to miners is the most fair way to go.

CatholicCoin would be my coin, where I try to make a profit down the line.  I know, it's a church coin why is it for profit?  Cause its gonna take work and money and besides, any coin I launch I want to give a part to charity so it doesn't really matter.  

But with this coin 30% will go to the Catholic Church, 20% to me and 50% to miners.  I know, that's so much but that's nothing unless the coin makes it and if it does a portion of that will go to other workers, bounties, marketing, admin, general overhead, etc, so the actual profit would be much smaller than the 20%.

And to prove I'm not in this thing for the short term - every single coin in the first 3 months, so 100% of the coins that should be coming to me or charity, will go straight back into the alt coin community via this forum.  I'll give it all away randomly, with no preferences or bias, to anyone posting on these boards, even those who hate these coins will be in on the drawings, lotteries or whatever fair and random way I can come up with to give all these coins away.

So then, the only thing left for me is the long term - if these coins survive, after 90 days I would then start to see something.  But meanwhile I'll be working around the clock for free to support these coins and since there's no coins coming to me I guess I'll have to pay out of pocket for bounties etc unless people wanna pitch in. I don't know how much I can pay out of pocket so I'm not making any exact promises there but I'll do what I can to help these 2 coins develop and grow.

Thanks for the advice.  No, I will do a dual launch to show people I'm not using a charity coin to help myself.

The shaw256, I really want that cause I want people to mergemine these coins along with Bitcoin. I think that's the best idea. 

Besides isn't there something now called proof of stake or something which prevents a 51% attack or at least helps?

Finally, I promise 100% transparency and I'm gonna give it. I'm not gonna give a 12 hour or 24 hour heads up. My guess people give such little warning cause they're afraid if groups forming to do 51% attacks.

I'm not that guy.  If this fails then so be it, this isn't afraid coin.  I will name the coin CatholicCoin cause it is the best name for what I'm trying to portray.   

And I will give this forum at least a 3 day heads up so they can get together and attack if they want.  The community should decide what's good and what should live anyway. 

And I know the odds are greatly against me - the poll showed that some 80% of the people here hated the CatholicCoin.  But I believe it's the right coin for what I'm trying to do so I'm gonna keep it.  Those who wanna hate will hate, those who wanna mine will help out and those who wanna kill the coin will attack it.

So be it, I'm gonna do what I feel is right - I've never done something right when I was led by fear.

But I appreciate your advice, it's good advice.

I'm still waiting for my mining gear to get here and it could be until Christmas.

I'm not gonna spend money to launch a coin, then full-time work and more money to support it and then the only thing I get is what I get from spending more cash to buy it. That's like telling steve Jobs to buy shares off the market if he wants shares.  That's absurd.

The charity coin I will not pay myself even 1%.  I believe if something is done for charity it should be done so 100%, all the way.

And that's the reason for a second coin, that would be in part for profit and in part for charity and that coin I would pay myself and other developers a % from the mined coins.  No premine as that's a sure way for a pump and dump scheme.  

And anybody who thinks that's a lot of money, until a coin takes off its practically worthless and if a coin takes off its most likely due on large part to the efforts and spending of the founders/developers so let them make their money if they earned it.

And let me clarify what broke is to me cause some make it sound like I need a coin to eat.  Lol.

I pay $3785 per month for the house I live in.  

There's 4 people Living here and I spend roughly $1,200 per month on food.

My car payment is nearly $600 per month.

My older son goes to private school, although he's on vacation now.

I'm broke cause I'm not making the money I was making but I'm living at the same standard.  Normally, paying to launch such a coin would be trivial but now, it feels irresponsible given i have little kids to take care of.

But I also recognize a great opportunity when I see one although this is high risk and it may fail miserably, I'm blown away by the potential of alt coins.  So depending on the upfront launch costs I want to at least launch a pure charity coin.  

And depending how much it costs to launch a real coin with some new features and done right, I may launch one or maybe not.  It all depends on the cost.  Right now I have time to actually put into such a launch but I can't be careless with the money I have left and if I don't find a job I'll lose my house.

So no, I don't need anything from these coins to live my life and live nicely.  These coins, should I launch any, will be a long term thing for me with potential profits far down the line and hopefully, some money for various charities, third party orphanages and the CatholicChurch.  My dad was an orphan who ended up being raised by gypsies in Transylvania.  I'm not kidding whatsoever.  I've just always wanted to help orphanages but I never had time and frankly, I was too selfish.  

This is an easy way to try something that may end up actually working and doing a lot of good and if it doesn't work, then I'll just lose a few bucks and some time.  I can live with that, but one thing I'm sick of is regrets so I definitely wanna try this if the costs are reasonable.

And please don't start with the catholic thing again.  Miners mine coins and nobody gets anything from them. At least I'm trying to do something good while at the same time doing something for myself and my family.