Maybe there is another way to do it. Instead of saying impossible, try to figure out a way. If you cant do it let someone else try.

That is what innovation is for. I didn't say it would be easy, but it is necessary. Someone need to figure out  way instead of being a nay sayer.

New alt coins are being released everyday. Some are useful; most are not.

Successful Alt Coins
In order to have a successful alt coin you have to offer something unique; a feature that no coin before it has.  For example Litecoin incorporated scrypt into bitcoin and then made the confirmations faster.  Do not just copy some other coin then tweak some features and call it a new coin. Offer something new and exciting.

Some Ideas for Alt Coins

1. A scientific coin
    People are complaining about an large amount of computer power going to waste mining bitcoins. Well develop a coin that can take input for proof of work. Universities or individuals could submit work to the p2p network to be used in place of the normal proof of work. The work could be distributed to miners in place of the normal proof of work. Afterward the results of the work could be sent back to the submitter. Kinda like SETI meets bitcoin.

2. Point of Sale (POS) coin
    Litecoin and Worldcoin are really fast for confirmations. But if the crypto-community really wants to see   crypto take off they are going to have to find a way for point of sale (POS) systems to use the coins. Yes, we know that Point of Sale systems can use a third party for bitcoin transactions. But, that costs money.

What is needed is a coin that can confirm as fast as a Visa and MasterCard transaction. There is a way to do it. We just need to figure it out. That means at least 4 (four) confirms in under 20 seconds. We need a coin that can do a single confirmation in under 5 seconds.

3. Your Idea Goes here
    Please reply to this post with other good ideas for our coders looking to make some good coins.

Release Properly Your New Coin

Some coins have failed because they did not follow the rules of releasing new coins.

1. Do Not Pre-mine anything
2. Write a whitepaper and document everything.
3. no centralization. all p2p
4. keep everything open-source
5. make something practical that can be used by the mainstream.
6. announce beforehand. Follow the pattern of Litecoin's release and Worldcoin.

Here is a quote from a user here about Worldcoin's release

"Why are people liking this copycoin with fast transactions? What did I miss in the last 43 pages?"

"The name, speed of transactions, professionalism of dev's, website, twitter, pools, windows binaries at launch, settings clearly posted, regular updates, etc...  Take your pick. What's not to like?  Best launch we have seen in a really long time.  This is probably why it's gaining so much traction."

Please Add your input so we can encourage better coins and further the cryptocoin adoption into the mainstream...

very bad. not open source. not decentralized. governemnt can shut it down anytime it wants to.

Just log in for about 4 hours and answer to 5 newbie posts. time will fly by fast.

If the internet survives then cryptocurrency will survive.

leave ripple alone. its not open source. its nor decentralized. it has no future.

This is stupid. Overkill.

Hi,

I joined last year and have been very active in the cryptocurrency community mostly in other forums. I have not posted anything here but would like to post some ideas about improving cryptocurrencies.

I have held several different cryptocurrencies including bitcoin and litecoin as well as some others. They all have their strengths and weaknesses.

I am currency writing a newbies guide to trading cryptocurrency and would like to post it here at bitcointalk.

I don't consider myself to be a newbie seeing that I have been involved in several investor backed mining projects and have built and taught others how to build gpu mining rigs using cgminer.

In addition, I have an extensive IT background and have worked for several fortune 100 and fortune 50 companies. I have also done some application development work and am proficient in PHP & MySQL coding.

I will post the newbies guide here in the newbies section but there are other post I need to post in the other sections.

Please Whitelist me.

Thank you,

USSCFounder