Isn't the underlying question here really whether the BEST or the FIRST coin will succeed? I have been thinking a lot about the relation between Best versus First. Coca Cola and Pepsi Cola dates back over a hundred years. What part does First and Best play in this legend, and how does First co-relate to Best? Pepsi went bankrupt twice. http://www.businessinsider.com/soda-wars-coca-cola-pepsi-history-infographic-2011-11?op=1 Anyone know if there were any others in the early days beside Pepsi Cola that were competing with Coca Cola? |
|
|
|
The 50% was eventually decided as a means of distribution to give miners more % for deciding to mine Ethicoin, than BTC miners currently earn mining DVC.
I think it's always better to look for a way that a parameter, such as 50% in this case, can have the chance to adjust itself or self-organize in some way instead of being given by initial guesses of what will work the best. The foundation of the how the 50% will be distributed can be seen in DVC's code and concept of receiver files; we are still ironing out the details but these will be well and truly resolved before the official ANN thread. As discussed above we will also give plenty of time for projects to apply to be on the receiver files before launch.
I really applaud your efforts. But make note of how Bitcoin leverages competition, "greed" and the inventiveness of individuals to self-organize into something great. Looking forward to the emergent AI driven self organizing cryptocurrency you mention  Not much is needed! Bitcoin is already a self-organizing open source currency. With Devcoin one can begin to understand how to extend this technology to fund worthwhile projects. A key insight is to see that one can understand how this technology can fund its own improvement (i.e. growth). Meta-ethically, one should remember that good ethics (ethical improvement) borrows a lot from perpetual commitment to truth and progress. This means that there should be brutal, "open-source" discussions about how to spend the money most productively and ethically. Discussions about worthwhile projects should have competition, "greed" and the inventiveness of individuals as input, and truth and moral action as output. That's true alchemy for real idealists! (I'm not much of an idealist myself, but I love new, revolutionary and exciting ideas and this idea is absolutely awesome. FinShaggy is my hero just for having the audacity to glimpse the potential.) |
|
|
|
|
Devcoin 2.0 indeed.
Which also means you have to release more information on how the spending of this 50% will be decided. Unless you are a bunch of fullblown geniuses, there is just no way you can get that part right. Also, the 50% cap is entirely arbitrary.
It is quite clear that a devcoin type thing CAN work - in principle. A kind of coin that effectively self-organizes into a society. We're talking DNA. However, how can one develop such a coin?
Either make a Devcoin 3.0 that aims solely to create a new successful coin. The reward for adopting the first coin and becoming a part of the revolutionary creation-project will come (insert ingenious solution here) when the second coin becomes successful.
Or just open-source the revolutionary creation-project of the DNA-like coin that can self-organize into a society.
There is something biblical about all of this isn't there? The second coming of the Creatørcoin that morphs into a lifelike organism, having risen from the swamp of its faithful who in due time will enter into the kingdom of Creatørcoin.
|
|
|
|
|
For now the change to mBTC is easy.
1mBTC is around 0.14$ which works for 10x and 100x increase in value.
If we see 100x increase in price it'd be around 100-200 billion $ worth of coins in circulation (that's like Russia or India). Satoshi? That's up to the gods.
|
|
|
|
|
'Bitcoin' is a brilliant name.
Ecoin? E is outdated as neo net-zen like quality, (Tele-Coin! Math-Coin! Science-Coin!)
iCoin? Youcoin? i is outdated, and not really about 'i' or 'you.'
Aircoin is decent, but maybe .. Cloudcoin or ..
zencoin
getcoin
upcoin
waycoin
justcoin
bacoin <-- Delicious.
wecoin
@coin
metacoin
nextcoin
allcoin
logicoin
endcoin
netcoin
Hmm.. You have to hand it to 'Bitcoin;' nearly any other name would lack pronounciation, relevance, or become outdated quickly. Actually 'mycoin' isn't that bad.
|
|
|
|
|
Agree. And a giveaway section.
|
|
|
|
|
Brunic, jubalix and I see the same essential point. Given the state of this alt forum, the sticky is warranted. De clutter problems has obviously not been solved yet.
Frankly, it is embarassing that coblee is confined to post in this section. Slow, productive, thoughtful discussions of Litecoin, Devcoin, PPC, and Namecoin are infinitely more interesting than the threads dominating for attention in this section. And yet, the only way to stay afloat is to post constantly, which gives priority to spam threads.
This thread is currently on the third page (before I posted naturally - and I posted only because of this useless argument). Logic is useless in the face of an irrational forum. For instance, if coblee had put "0.1 litecoins for every prime number post!" in the title he would automatically do the work of stickying the thread, but it would further contribute to the hogwash. Thus, his rationality in the face of the structure of the forum would lead to global irrationality (spam threads everywhere cluttering up the system).
|
|
|
|
|
What people forget is that it is unfair that Litecoin, and all the other major alt currencies with a long history and dedicated community, are not given their own section on the forum, and have to compete with all the sensationalist rubbish that surrounds new coins. As newbs can only post in the newbie section of the forum, I think most new alt currencies should be confined to a "new alt currencies" forum. How to mark the distinction? As with the newb section, this forum seems completely content with arbitrary barriers (4 hours and 4 or so posts before one can post elsewhere).
Core development fundraising is a productive event that focuses on long term enhancement of the alternative cryptocurrencies. It is not spectacular, it is not sensational, it does not automatically draw attention - in fact, it is a rather boring affair. However, it is important because Litecoin has sufficient adherents to contribute a significant sum towards a substantial core development effort. It clearly contributes as research and development that benefits the community as a whole.
|
|
|
|
Bitcoin DID go viral. http://www.google.com/trends/explore?q=bitcoin#q=bitcoin&date=today%2012-m&cmpt=qInfrastructure and transaction-flow will rise steadily (let us hope), and there will be periods of virality like the peak in the link above, spurred by spectacles of different kinds. Viral periods will increasingly focus on more narrow themes. For now, the focus is on Bitcoin as a phenomena, and cryptocurrencies more generally. In the future, we should see single videos spiking 50-100 million hits on youtube. If Bitcoin is adopted by Silicon Valley or some poor country, a decently crafted video concerning the situation could go apeshit virul. Consider the Kony video. The Kony video has close to 100 million views. (Anyone know of other examples of activist videos with near that amount? We should think here with examples and by analogy to get a grip on the future of cryptocurrency virality.) |
|
|
|
|
It negatively affects crowdsourcing. You have people all over the internet linking to a specific forum. Any of a thousand thousand people might stumble on a particular thread in this forum. A person with crucial insight or knowledge on the issue at hand might look for the reply button, in eager anticipation of his stunning ability to dazzle people in this particular area of expertise.
Bewildered by the lack of reply-button he might think that signing up will grant posting privileges. Once this does not pan out he will eventually either leave or end up finding the newbie section and all these procedures for getting in. Upon seeing all of this hokey stuff, the person will then make a second decision, to put up with it and either keep posting (four hours five posts and all that) or stand at the mercy of an admin being willing to post his comment (which, in contemplating spending 30 minutes writing a post, might be too much of a risk).
No, more likely - and especially if this is a busy person with other, more important things to do (unlike me, etc.), the person will simply leave the site and never bother with it - until the cycle repeats the next time his knowledge and insight is occasioned by a link to this forum.
|
|
|
|
Need to check my post count
Haha. Just what I was going to post. Ah, 6 posts. Just what I expected. |
|
|
|
Need to check my post count
Haha. Just what I was going to post. |
|
|
|
|
It's a good idea. But maybe they could have been a bit more explicit about it? Maybe in the signup process. Most people are directed from elsewhere to a particular forumdiscussion that they might be interested in. I was looking for the "post" button for 5 minutes thinking I was an idiot for not figuring out where it was!
|
|
|
|
I should have signed up ages ago when I first started browsing this forum  The same! |
|
|
|
|
I have to make some posts before I can post? Alright then.
|
|
|
|
|
Show Posts
