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Think of mining as an unfortunate expense forced upon you by the need to secure your fortune.
If you have a vast number of a coin, you may need to deploy a vast amount of hashing power to secure it.
If you do a vast number of transactions on a blockchain, you may need to deploy a vast amount of hashing power to ensure your transactions get processed promptly without excessive fees or seignorage imposed by miners.
Etc.
-MarkM-
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Pull the trigger Vlad, launch this coin.
To do it on top of IXCoin needs one of the coloured coin clients to be modified (probably only a tiny bit like with making coin clones) to run on IXCoin blockchain instead of whatever other blockchain it currently uses (which might currently even be bitcoin's testnet not even bitcoin's main net yet.) -MarkM- |
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Usually domain value is based on the amount of natural type-in traffic (people who just type the domain name directly, usually with the browser adding dot com to it by default), the amount of organic search engine traffic from existing links, the alexa ranking and stuff like that.
-MarkM-
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Well yeah sure five years is plenty of time for the rich to grab the lion's share of anything that comes along.
You could give out one whatever to each person on earth and it likely wouldn't take five years to achieve a worse skewed distribution than that, at least if what you give everyone is genuinely useful and valuable.
What are the distributions of gold, platinum, diamonds, emeralds, rubies, acres of land, dollars, yen, etc etc etc?
-MarkM-
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The word shocking was in reference to the electrical discharges shown in the illustration.
-MarkM-
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It is a big deal because you are proposing doing something that you are to ignorant to even know will not work.
-MarkM-
You are too ignorant to realize that someone will solve this problem. Likely within the next few years. Yeah but not you, unless you scam millions or billions off of people so end up having such a massive fortune that who-ever does eventually come up with a solution decides to sell it to you instead of running with it themselves. -MarkM- |
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It is a big deal because you are proposing doing something that you are to ignorant to even know will not work.
Of course if you actually offer developers money to work on it, you can hire as many scammers as you want who can spend as many years as you want gobbling up the money pretending they some day might hear about a working solution, if one ever does eventually become possible.
Meanwhile you just serve as mouthpiece for a bunch of scammers who scam you out of money pretending to work on something they know they cannot Actually do, or a bunch of morons as idiotic as yourself who are also too stupid to realise they cannot actually do it.
Not being able to do the work is not reason for scammers to not accept free money though, of course.
-MarkM-
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Honestly?
I don't think it's a scam. I don't think the OP wants to steal any money. I think he genuinely believes in what he's saying.
Make of that what you will. Not that I'd invest even if it weren't, as I personally don't think the OP grasps the magnitude of what he wishes to accomplish. Even if the idea was viable, it would require an entire dev team, and right now the viability is near-zero. I'd love to hear what some other programmers thought. Peer to peer networking is way beyond my ability.
You're better off just paying to get a coin designed, 100% pre-mining the coin and selling off shares in at as a 100% PoS currency. People will pay whatever they think your ideas are worth, and then perhaps you may get some investment, but honestly, you'd need a lot more than some loose ideas.
Some honest and constructive criticism for ya.
thank you for providing constructive criticism. Anyways, I just got some bad news, someone on stack overflow just told me why my proof of storage protocol doesn't work properly. That's a bummer. "Sure it could. If the file is the first part, you just compute a partial hash up to the point where C ends, and take a snapshot of the hasher state. You can toss out C at that point, and start from the saved state for each S you generate" You hadn't figured that out yourself? Go take a few years of relevant studies, as you obviously are just spewing garbage lies about the properties of fairy dust without even having any actual knowledge of fairies, dust, nor fairy dust. The only difference between your garbage bullshit lies and a perpetual motion free energy machine proposal is less people know from the get-go that what you are proposing is something you cannot do. Leave it to someone who can actually do it to worry about how to fund the doing of it, after they actually come up with a real viable way of doing it. As I said there are years of discussions on these very forums deeply investigating how it could be done, none of which have yet reached an actual usable solution. -MarkM- |
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Shocking.  -MarkM- |
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Maybe memes would make good colours for tagcoin, so people can give tag rewards for sharing the memes and the tags given be coloured based on which mem they liked or crossposted etc.
-MarkM-
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It doesn't matter how obvious the scam, the morons around here throw money at the most pathetic transparent scams imaginable.
That is probably a lot of why the scammers just don't bother even pretending to not be scams they just go like whatever dude cool story and continue raking in coins.
-MarkM-
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Your coin should not be SHA nor Scrypt it should be a coloured coin or based on a totally different consensus method than blockchains.
(But one that works, we don't yet though really know if any other approach actually works...)
-MarkM-
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You didn't bother to properly sew up domain names is part of the problem.
You should have at the least grabbed the .com, .net and .org of Teslas, TeslaCoin and TeslaCoins even if you could not get Tesla itself.
Maybe TeslasCoin and TeslasCoins also.
Maybe go more-generic... Did anyone grab autocoin and autocoins yet?
Maybe Vehicoin and Vehicoins and VehicleCoin and Vehiclecoins and CabCoin and Cabcoins and such?
-MarkM-
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Huh? What do proxies have to do with p2pool ?
-MarkM-
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Oh well what an insult to Tesla's good name: a pathetic scamcoin. How inventive, just like Tesla himself... NOT. -MarkM- |
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Send me your input.
I already did. Don't make a scamcoin. Get an existing working coloured coin client and make a coloured coin. It does not much matter what blockchain it rides on so long as it is a massively secure blockchain such as BiTCoin, NaMeCoin, DeVCoin or IXCoin. Even I0Coin is maybe too low hashrate to be worth considering for such a critical application at this time until more merged mining pools include it in their merge. Since you seem to be too much hurry to bother doing it right, just use the existing client don't bother screwing around with changing it to some other chain unless the chain it currenrly uses is not a secure one. I expect likely the chain currently used though is bitcoin itself which is the most secure of all. -MarkM- |
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Oh god another scamcoin then huh?
What a horrible waste of a good idea, a good domain etc.
By the way did you get the .org and .net too? Plus maybe the country code domain for whatever nation the Tesla corp is incorporated in?
-MarkM-
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It is not a free market, it is a market in which suckers have been brainwashed since birth into believing that financial products are heavily checked out by all kinds of august bodies to try to ensure they are not scams that they are viable that they have sufficient financial backing to compensate people if anything goes wrong etc etc etc.
-MarkM-
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A scamcoin is not the way to go.
Anyone could double-buy all the teslas with just a few thousand GPUs or ASICs or whatever.
Starting out with a scam is not a good idea for a legitimate enterprise.
-MarkM-
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There's no need to take the action you suggest.
The markets will speak and ultimately decide which coins survive and which ones perish.
Or in other words, the spammers will spam aka the marketers will market, ultimately deciding how much spam to spam per scam to spam and scam the suckers into blowing their hard earned wealth on. All the market is telling us is that unregulated scams find victims easily. -MarkM- |
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