Well, as I see it you are not the Gates or the Job, because you can't code - so your metaphor is out of the windows right away.

As to the "why" question, if you have not heard of it, let me remind you:
Ideas are dozens a dime - and this comes from the founder of the multimillion dollar CDBaby.com

Why? Because your ideas will likely be wasted anyway, never to take shape and just vapor into nothingness as speculative talk.
(I don't know you, but you said you "can't code" + "no money" + "profit driven" = FAIL)


You are in control of whom you trust to share your ideas.
Plus the person who gets rich off your contributed ideas, proving he is smart enough, will quickly recognise that you are an asset to him.
He will be incentivised to share the profit with you, because he knows you are the one who will make him even richer.

His wealth depends on you - the multiplier

There are more than one hatcher, so on aggregate, the big picture will give you clear patterns of honest profiles.

It's not possible for the cheater to choose which hatcher to handle it's transaction. Plus even if they do manage to cheat through Ip and Mac adress as you described, there will be lots more signals they can't game, such as EMU age, graph, and so on (each EMU unit can have a stamp separate from the wallet it belongs too to identify it's mint date, for example.).

Re google centralization: sure keeping the info private does help, but that doesn't mean they are not known to spammers. Quality rating guidelines of Google leak out to the web every now and then. But that doesn't matter.

As long as you make the system a "pain in the ass" to manipulate, then there will be no incentive for ppl to do so, because it will be more profitable to just cooperate with the system and do what you are supposed to do, like an honest user.

The key is not whether it is centralized or decentralized, it's about giving more incentives for people to cooperate.

another reason to join eMunie, we are already doing what you envisioned, plus the founder Dan is a talented experienced dev himself - that's why I joined it (I can't code these things myself, but I had ideas, visions for a digital currency).

I shared my ideas with the founder, and they were taken onboard (compare original system vs. this new update) - more than 70% of original ideas were changed because people like me cared to join and make it a better system.

Everyone has his/her own strength, and from my experience of bootstrap outsourcing over 100 freelancers to date, I can tell right of the bat, that if you are thinking of a software development project, but can't code it yourself, consider it FAILED!!! (unless you have millions $ to drain).

If you think everything is about money and profit, then I think you are on a wrong track.

Money and profit all boil down to one thing "power & control".
But Steeve Jobs and Bill Gates, while motivated by such things, weren't doing it for power & control, they did it because it is their purpose/mission in life, just like passionate actors/singers act/sing because that is what they LOVE doing, because it's their passion and what life means to them.

If you lived in medieval age, you did not need to have money/gold or silver to feed and take care of the orphans, you just needed to be a king.

These days you can accomplish similar things by being a president, but not as easily as it was for the dictating king 300 years ago.

@Vlad2Vlad, honestly you should check out emunie, you sound like exactly what this community is all about.

I've talked to the founder Fuserleer last month just exactly what your OP was describing, and while there is no official announcement yet, I'm very sure the eMunie Foundation will work similar to how you described as a fair premine system, though it will be no where close to 25% you suggested, it will just be a tiny tiny cut from all EMU minted on a continuous basis.

That way founding members have vested interest to keep pushing things forward constantly and make the currency a success, because if it's not, they will receive little or nothing.

The exchange will be decentralized as it will be integrated right into the wallet client. The role of third party services will then only serve as payment processors, as bid/ask orders matching are already handled by the network itself.

There is a plan to release API for the exchange.

Doing things like checking IP, eMugraph, etc. each on its own is gameable and not foolproof, but when combined together, it will make it nearly impossible to manipulate the signals.
Example: you can make tons of different IPs, but if they all come from the same Mac Ip, it's an obvious fail attempt. This example is perfectly illustrated by Google and the way they fight web spam.

As a veteran SEO guy, I know Google has over 500 signals it uses to rank sites, and if we simply consider the merit of each of those 500 signals on their own, (example: number of backlinks) they cannot work and will be easily gamed.

But Google doesn't just combine those 500 signals in a linear fashion, it mixes them together through artificial learning to establish common patterns of natural vs. fake website profiles (example: backlinks with variety of link anchor text; backlinks in different forms: text/image/hotlinking; etc.) - that is what makes it harder and harder to game Google rankings these days.

Back to eMunie - we can follow Google's and Facebook's suit by increasing signals variety and scale it with artificial intelligence.

Let me clarify the pre-mine and closed source accusations:
There will be EMU Foundation at the beginning, as stated in this latest update:
http://forum.emunie.com/threads/emunie-latest-technical-and-feature-set-ramblings-29th-june-2013.143/

The foundation will consist of several key members who contributed to the project, and not just the founder Fuserleer. The members of the Foundation will be voted by others and no one can just buy their way into the foundation without genuine contribution.

The Foundation will have a certain amount of reserve set at the beginning for these purposes:

• giveaway to people
• fund project development
• bounties for various services
• buffer the high initial interest rate due to rapid network growth (so early adopters will not gain huge unfair advantages like Bitcoin or all other altcoins so far)

All spending from this Foundation reserve will be reported publicly on a quarterly basis.

eMunie will be closed source at the begining because of these reasons:

• agile deployment (the client will be constantly updated, improved until we find a nice balance where the network becomes stable), after this period, it will be open-source
• stop copycat alt munies

=> it makes some richer

IE 9 and IE 10 are actually getting better.

As a web designer and frontend developer, I used to hate IE and haven't used it for half a decade, but one day my regular "Joe" friend who is a game addict told me IE was faster than Chrome.
I was suspicious the least to believe him that Chrome could ever be slower than IE, but some testing results indeed show that not only IE 9/10 is faster than any browser there is (on Windows , they consume the least CPU/RAM resources as well (just open your task manager with the browsers on having multiple tabs open to compare).

So now I'm back to using IE for most regular browsing.

P.S. eMunie is not a "coin", see the logo? does it look like a coin? or more like an electronic chip?

1) 51% attack like Bitcoin is not possible, because eMunie has a block Tree transaction system, not block Chain, unlike Bitcoin. Every branch in that block tree can be valid and contain transactions. In fact there is almost nothing similar between the two.
here is detailed page explaining how it works

There is no official whitepaper yet, Fuserleer is still busy working on beta client. But i will put up some infographic and illustration later to demonstrate this system.
To be able to attack eMunie with brute force the attack will need to own something like 95% of the network, which is impossible to accomplish, unless there is hack we don't yet know of.

2) Price stabilization is just speculation atm, but with dynamic demand/supply system, hoarding will likely be less profitable than selling when it's high and buying when it's low.
The system aims for a stable price, estimated 1EMU = $1USD

For more info, I honestly suggest checking out this link first, we don't post much info here at all, only major updates.
http://forum.emunie.com/threads/newbies-read-me-first.117/

Fundamentally from user's point of view there is not much difference, except transaction speed of 2.5 minutes per block instead of the average 10 mins of bitcoin.

Also in the long term Bitcoin will be more susceptible to 51% attacks if an outside entity decides to take the whole network down with a bunch of mass produced asics.

For now since there is not ASICs for litecoin, such attacks are less likely to happen, so in some way you could say LItecoin is less prone to 51% attack, but in saying that if Bitcoin ever gets taken down, I doubt LTC will be able to stand still, since its just another fork chain built based on Bitcoin codes.

Mining bitcoin is too late now, you better off mine one of the altcoins like Litecoin that are still reasonable easiy and profitable to mine, the USB eruptor will probably not make your invest back ever, since the difficulty will sky rocket in a few months when more asics are being shipped.

lol, most quality content on the web are already free and ad-free in many cases, like stack.exchange

I think the prices will bounce back to around 120 USD, that's where it belongs

Even if ASICS ever come out it will take at least another year or two. Litecoin for now will only be reasonably profitable if you mine and hoard teh coins until the value increases several folds. Difficulty has more than tripled in the space of 3 month now for LTC.

Alternatively, check out eMunie - this new crypto currency is still under beta testing, but when launched it will not need GPUs to earn money.