people practically beg for innovation out of this forum...well, here is my idea to dampen the influx of alts and try to unify and solidify existing ones that survived this mess.

most of the implmentation ideas are in the first post.. the question most have been asking is how to manage stakes and how to avoid scams, i think a publicly viewable page that highlights all the balances for each coin could be a start. i'm taking a programming break for a few hours, will have more info in 5 hours on how to manage the stakes.

Keep pushing and mining guys, any questions can go to the dev or me if i can help....m perpetually online.

After https://bitcointalk.org/index.php?topic=223454.0. I realised the potential for this idea in the alt-coin section.

By following the lead of abstract coin i have this idea in mind.

A currency backed by other currencies.

If say i had 0.1 antimatter coin, at that moment it is worth only 0.1 antimatter coin...but if i stake 1 PXC to it, then every 0.1 antimatter coin is backed by 0.1 PXC. If someone else stakes 1 LTC each 0.1 unit is backed by 0.1 PXC and 0.1 LTC. This goes on and on, in order to keep it valuable, only coins traded on cryptsy will be used as a form of currency backing.

Keeping track of the transactions has been a hurdle for abstract coin, i intend to make a client that will handle that issue.
Simply i will premine the entire 100 coins, all blocks generated after that will produce only 0.00001 coin. I will then send 1 ANC to each individual till i run dry.
These individuals will then also divy it it up to others until the coin is widespread. The incentive to spread it around come from the fact that the more it goes around, the more people can stake to it. if i can back 1 ANC with just 10 LTC it pales in comparison to 10 people backing up 0.1 with 2.5 LTC each.

Management of the stakes will have to fall to an individual until we can get this coin onto an exchange, where by the exchange will then take over and using algo, calculate the value of the coin based on market price and how much is in the shared wallet. (another restriction for usable currencies may be a block explorer)

As a result the alts shore up this "idea" coin and as the coin gains value...so can your alts. By limiting growth of the coin to 1% a year and limiting it to 100 at the begining only over time the stakes push the price of each unit up. And as the volume of stakes rises, this "coin" may end up being worth more than BTC due to it's being backed by cumulative values of tradable alt coins. This is a project that will (just like noirbits) be community oriented, i chose cryptsy due to thier acceptance of alt ideas and the way they are easily reachable, they have accepted all our ****coins so they get first crack at this.

This idea came to us on cryptsy and google chat while we were trying to figure out a way to combine all the alts, either by merged mining, or a unifying idea. Feedback is welcomed.


Tradable currencies accepted as pledges


AMERICANCOIN (AMC)   

BBQCOIN (BQC)   
 
BITBAR (BTB)   

BITCOIN (BTC)   

CHNCOIN (CNC)   

DOUBLOONS (DBL)   

DIGITALCOIN (DGC)   

DEVCOIN (DVC)   

ELACOIN (ELC)   

FREICOIN (FRC)   

FRANKO (FRK)   

FASTCOIN (FST)   

FEATHERCOIN (FTC)   

GLDCOIN (GLD)   

HYPERCOIN (HYC)   

IXCOIN (IXC)   

JUNKCOIN (JKC)   

LUCKYCOIN (LKY)   

LITECOIN (LTC)   

MEGACOIN (MEC) 

MEMECOIN (MEM)   

MINCOIN (MNC)   

NIBBLE (NBL)   

NAMECOIN (NMC)   

NOVACOIN (NVC)   

PPCOIN (PPC)   

POWERCOIN (PWC)   

PHENIXCOIN (PXC)   

ROYALCOIN (RYC)   

TERRACOIN (TRC)   

WORLDCOIN (WDC)   

YACOIN (YAC)   

they keep saying it's on the list...

Ezcoin, you are slacking.  Havent seen you on cryptsy chat. what's the hold up?

well, the source compiled nicely, i only get one connection though, anyone lse with a working client please just leave it on, i'd like to mine the shit out of this one.

all bits sent, sorry it's small but m almost out of bits and my rig  ia barely making enough to give away, all the initial bits went to bounties. Though if i receive donations i'll up the number.

The client was built by someone else, i will build a new smaller one that is stripped down if you prefer a smaller version.

 the hash rate rises properly and stabilizes at above 50mh~100mh, i can start testing merged mining. i need difficulty for this chain to go high enough that it can pass shares to another chain. get to mining people andwe can have the first merged mined scrypt crypto. 

if the hash rate rises properly and stabilizes at above 50mh~100mh, i can start testing merged mining. i need difficulty for this chain to go high enough that it can pass shares to another chain. get to mining people andwe can have the first merged mined scrypt crypto.

all sent  , giveaway will run dry soon hurry before i go broke. Go mine some bits people , the difficulty is still cool for solo

maybe you are not active, but the rest surely are.


{
"blocks" : 80,
"currentblocksize" : 1000,
"currentblocktx" : 0,
"difficulty" : 0.00262886,
"errors" : "",
"generate" : false,
"genproclimit" : -1,
"hashespersec" : 0,
"networkhashps" : 78198,
"pooledtx" : 0,
"testnet" : false
}

hmm... i see some exe file. oh well, i'mm gonna mine this before the farmers get here, coz then it will be a orphanage then a circus.

I missed out on Yac, so i may as well.

linux item downloads but says error with archive

all sent

check op

All sent

23:57:50

getmininginfo


23:57:50

{
"blocks" : 148,
"currentblocksize" : 0,
"currentblocktx" : 0,
"difficulty" : 0.00097655,
"errors" : "",
"generate" : false,
"genproclimit" : -1,
"hashespersec" : 0,
"networkhashps" : 19673,
"pooledtx" : 0,
"testnet" : false
}


23:58:43

getinfo


23:58:43

{
"version" : 1000000,
"protocolversion" : 60001,
"walletversion" : 60000,
"balance" : 0.00000000,
"blocks" : 179,
"connections" : 3,
"proxy" : "",
"difficulty" : 0.00097655,
"testnet" : false,
"keypoololdest" : 1370954088,
"keypoolsize" : 102,
"paytxfee" : 0.00000000,
"mininput" : 0.00010000,
"errors" : ""
}


23:58:53

getmininginfo


23:58:53

{
"blocks" : 183,
"currentblocksize" : 0,
"currentblocktx" : 0,
"difficulty" : 0.00390625,
"errors" : "",
"generate" : false,
"genproclimit" : -1,
"hashespersec" : 0,
"networkhashps" : 13158600,
"pooledtx" : 0,
"testnet" : false
}


00:03:49

getmininginfo


00:03:49

{
"blocks" : 268,
"currentblocksize" : 1000,
"currentblocktx" : 0,
"difficulty" : 0.01562500,
"errors" : "",
"generate" : false,
"genproclimit" : -1,
"hashespersec" : 0,
"networkhashps" : 23274750,
"pooledtx" : 0,
"testnet" : false
}


00:06:58

getmininginfo


00:06:58

{
"blocks" : 305,
"currentblocksize" : 1000,
"currentblocktx" : 0,
"difficulty" : 0.06250000,
"errors" : "",
"generate" : false,
"genproclimit" : -1,
"hashespersec" : 0,
"networkhashps" : 70796164,
"pooledtx" : 0,
"testnet" : false
}