Here's the thing about POS... as a currency it's terrible because you have to buy the currency from someone else to use it. How convoluted is that? You need a fair distribution method or else it becomes a pyramid scheme very fast.

Myriadcoin

You the boss.

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Ah! We will be releasing some experimental coins with those other 3 algos. I believe we have Skeincoin forking for us. Myriad-Groestl and Qubit are still relatively unused algorithms but they'll gain in popularity once PolyMYR is underway.

While I wait for my activation email... I'd love to see Myriadcoin on this. If this works how I think it does, this is fucking incredible and you are going to be a very rich man.

What can we do to help get Myriadcoin on your payment platform?

Right now Myriad has a chicken and egg problem: Our hashrate is not incredibly high, but once we gain hashrate through PolyMYR and Simplicity we should have continuous long lasting high network hashrates that should make it increasingly harder to attack individual algorithms.

Furthermore, we have discussed some interesting mechanisms to prevent algorithms from solving multiple blocks in a row. One solution might be to temporarily raise the difficulty on one algorithm if it finds two blocks in a row. The difficulty would rise exponentially if they found 3, 4, 5 blocks in a row. So even if an attacker is trying to form 5-6 blocks in a row and then insert them into the blockchain, the exponentially rising difficulty would prevent them from ever getting to that 5th or 6th block in a reasonable timespan.

I don't know if a master list exists anywhere...that would be a nice thing to have.

However, merge mining pools already exist. ManicMiner.in, for example. (http://manicminer.in/docs/coins)

Here is the list they have (they refer to parent coins as "main" and child coins as "sec):

Thank you. Just stay tuned to Myriad and we'll let you know when PolyMYR is released where you can try this out.

"I am quite avid though that Proof of Work alone with high rewards over time tends to hurt price so I am not quite sure how this should combat this because if you have something that will gain you proportionally more over time, you would have more of a tendency to hold on to it."

What is being gained proportionally more over time in this case? Myriadcoins? The child coins? Holding any coins is good for the price, is it not?

My idea revolves around the whole idea of removing the perception that merge mining does nothing but kill the price of the child coins. If we can still retain high network security (hashrate) while removing the real and perceived "dumping fest", we WIN and we can begin to use merge mining in much more creative ways than it's being used right now.



Solving merge-mining, experimenting with this idea and coming up with a proper balance between block rewards and block tips.
Bringing mining to developing worlds. We dont want to force people to have to just buy our coin to use it, we want them to mine it to. Bitcoin, unfortunately, has become a country club of mining. We want to reach areas that Bitcoin cannot.

Part of this initiative is fulfilled with our development of "Simplicity", a "two-click" wallet and mining software package that aims to remove ALL complicated/overwhelming/confusing aspects of setting up mining for the first time. Link to beta download is here: http://myriadplatform.org/simplicity/

We get lost in our little cryptobubble and forget how hard and complicated it is for people on the outside to understand. They want to be a part but cryptocurrencies cast an intimidating shadow that causes many to just forget it and go about their normal lives. Nuh-uh. Myriadcoin is aiming to make the on-ramp a little smoother.

"but it needs peer review as what determines the score - i.e. the score for the block randomization"

When you say block randomization, do you mean the lower block rewards given at seemingly random to the algorithms of child blockchains being merged mined by a parent?

If so, peer review would work...but I think what would be healthier is just trial and error. We release experimental coins or other developers give it a whirl and the free market will sort out what are proper balances for the real block rewards and merge-mining block rewards (which are more like block "tips")

Thanks for being level headed. I would tip you but there aren't any tipping bots on bitcointalk.

What determines the child vs. the parent? This is something that a programmer could explain better (I don't code). It is something specific within the code.

The main difference is that pools can be set up for Litecoin miners to apply their same hashes to the Dogecoin blockchain and possibly solving both. You cannot do this the other way around--nobody can make a pool where Dogecoin hashes can be applied to Litecoin blocks. Therefore, Dogecoin is the "child" and Litecoin is the "parent". Whether or not these names for "who's on top" are really all that accurate is a different story, but it is sort of reverberated through the fact that Dogecoin needs to hardfork to become a child while Litecoin doesn't have to do anything (except set up pools).

One of the key things that the articles announcing the Dogecoin/Litecoin merge mining made a mistake with is that Litecoin is the only parent. Once Dogecoin becomes a child, ANY Scrypt blockchain can become a parent. This means Scrypt miners on Myriadcoin will be able to merge mine Dogecoin. It's not strictly limited to Litecoin.

I think you are confused still because your response confused me lol.

What do you mean by "easier transitioning from algo to algo?" What is the transitioning, who is doing the transitioning, and how is it easier?

Also, what "chaining effect" are you talking about precisely?

I just want to help you understand

Thanks a lot! I'm not asking to invest, but what I am showing is that Myriadcoin could function as a security enhancement while simultaneously not killing the child coin's value. The child coin "tips" smaller block rewards that miners may use to sell if they wish, but not at the magnitude they would with normal block rewards. The child coin helps support the parent coin (Myriad) and the finances of the child coin may be re-invested into Myriad or they may be kept for investments.

I do think that if a solution for a child coin could be created whereby the child coins generated through merge mined could be staked by the merge miners, we would create an even better partnership between parent and child. Miners would have the option of dumping their "tips" or instead staking them and removing even more sell pressure from the market.

Updated visualization for multi-vPoW to include "block tips" concept for better understanding:

Updated visualization of multi-vPoW to include the new "block tips" concept. Hopefully it makes the relationship of block rewards for algorithms merge mining and not merge mining easier to understand.

The purpose of having the overlap is to devote a few of the algorithms to network security through merge mining and "tip" them a smaller block reward while keeping a few others with the "real" block reward numbers.

Looking at the examples in my visualization again, Myriad Child A overlaps Myriad with the Myr-Groestl and Qubit algorithms. Myriad Child B overlaps Myriad with the SHA256d, Scrypt, and Skein algorithms.

Thanks for the feedback. I was posting my article every that I could. I figured people on here would read it... even if it's just a few. A lot of people have their own agenda and if Myriad or merge mining isn't on it they simply ignore it.