I have shelved my idea of a crypto-currency until the storm passes. 
But i'd like to keep up the development process.
The name is still up for debate. I currently call it Noirbit
There is really no fair coin in terms of mining, someone always has more hash than you or got the client before you, or has a better connection than you. The factors are too many, and the trade offs sometimes worsen the situation.
The sudden influx of coins has made a mess of this forum and i am not going to add to this mess. I had an idea and had hoped to release by 1 june, however **** happens. So i'd like to hear feedback while i go back to the drawing board. These were the intended features.
- 180 second target block time, this has proven to not be too affected by network latency.
- 4 hour difficulty adjust that works with another condition that changes diff after 120 blocks.
- Starting difficulty of .5 , i know its high, but yeah
- Algorithm sha-512 or scrypt-jane (Yacoin) The sha-512 would keep ASIC's out for a while, FPGA's and ASIC's are part of evolution, i cant completely prevent it, but i can slow it down to manageable rate.
- Block reward proportionate to difficulty, (if i fail, i'll ask for help on this one) starting reward will be 5 "bits"
- I figure total coins should be 8 mil. This coin runs out after a while, and instead of further mining, holders of coins will see them gain interest.
- Check blocks or "King Blocks" will have double reward, apart from being a bonus to miners, they act as security checks to maintain chain intergrity.
-Testnet chain running concurrently on my servers that will be used for development of more security and innovation.
These are some of the small ideas in mind. I have been following these new alt coins and i'd like to borrow some ideas. - Either the first blocks have meager rewards or no reward at all while the community prepares. 8 hour period to allow worldwide prep.
- Early blocks will gain 0.5 more interest than later blocks. People always speak ill of early adopters, i think they are ok, as they are the ones who get the coin going in the first place. This will be the thank you for their efforts. (if it wasnt for the early adopters of bitcoin, would that beta have been a success?)
- The pre- mine will be a single block of 4000 "bits" which i state clearly is for myself, i think if the community sees value in this currency then the bounties should be community funded. Attempting to fool people by stating that a premine is for bounties is under-handed and will devalue my ideas.
- I hope to have 5 running pools, each with a different pay-out system to allow users choice.
- Any other coin i develop will be merged mined with this to ensure simplicity of function.
- There shall be no price setting, the market decides use and price. i would ask however that all exchanges wait 4 days after release to even consider it. I do not intend for this to be pump and dump.
- Mobile wallet, as you know bitcoin and litecoin have them, i would release one if i see the coin taking a firm hold in the market. I am unfamiliar with web-wallets those i'd leave to the community.
- I intend to be a an active OP and will continue development of the coin, may add some members to the dev team and community suggestions are valued.
- Instamine and Botnets and GPU farms are parts of the trade, i am working to try and mitigate the effect, but frankly, there is always someone with more hashing power.
- I believe the escrow service and private trade sites are good ideas but they are gimmicks deviating from the main idea and so loose value quickly.
Windows Client will be compiled by me only After the wallet stealing fiasco, i'd rather not get dishonored.
Any construcitve ideas are welcome, and btw, i will not release this coin until the shit storm is over.
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but without upnp support. I'm having trouble testing it though because my wallet(not the one I compiled) is having trouble syncing...(IOW, my built wallet won't sync but neither will my downloaded wallet, it connects to peers but gets stuck on n blocks)
