Thanks for all the ideas, leaning towards something without the word "coin" in the name, but not ruling anything out at this point.

I'll respond to some of the interesting issues brought up sometime tomorrow, after some sleep

Tomorrow I'm gonna make a few graphs and create some examples, propose some possible economic ideas an expected outcomes, etc. to attempt to summarize some of the constructive thinking going on in this thread, as well as alleviate some of the confusion associated with the idea of an increasing block reward.

If my math isn't failing me right now, it would be an exponential block reward, but not in the way people usually use the word "exponential" as it would not continue to increase at an ever increasing rate. until tomorrow, if you want to look up "square root graph" it will give you a basic idea of what the network block reward would look like over time as the hashrate increases.

I think it might be interesting to, in my original post, summarize some of the ideas people are proposing (limited coin mints, unlimited coin supply, a max-cap for block reward (say, 256 was mentioned), however not having a max cap on actual possible supply, etc. And then have a new thread where people can criticize the ideas, give input, perhaps some insight on magic constants, etc. Each idea has its own benefits, perhaps some hybrid system could be devised. (Limited max block reward, but max block reward increases with time? Limited maximum coins, but approaching limit coin would decrease with a square root function, in such a way that in the very middle of the time between launch and last generated coin would be maximum value, etc.) Not sure about the technical side of implementing some of this, but of course if the idea is good enough a way will be found .

I think that having the supply tied by the square root is a good idea. A even better idea is to have no cap at all on coins.

After 20-50 years even though people can still mine and get a lot of coins, the inflation will be really small because the amount of coins in existence will always increase against the amount of coins mined. Because of this there is really no reason to cap or slow down the supply after a set amount of years. The volume of coins over the new coins will always increase thus decreasing inflation.

After a hundreds years inflation would be 0.0001% for example, but even this would be enough to keep people interested.

I really like this idea. If you add a cap then I think you will miss out on something important.

This seems like a good enough effect to not need a block size cap. because as u said, hardware will get much faster. soon a teraflop card will be old news.

I like this idea, problem is determining the magic numbers . . .

I'd just be careful about how high the coin generation can get... if the hash rate ever gets to high due to (for example) some sort of ASIC type hyper effienct miner, the coin would be subject to run away inflation... Not sure of the solution to that, but hey, there's 6 weeks

SQRcash.com

SQRbucks.com

Etc. ?

-MarkM-

Just ^Coin. 

SQrtCoin (SQC) ?

(Remember, currency symbols are three characters not two.

Unless you're aiming at XSC ? (The X means worldwide, pretty much.)

-MarkM-

Maybe SquaReCoin (SRC) ?

Or RooTCoin (RTC)?

Or SQuareRootcoin (SQR) ?

-MarkM-

this is indeed the RAREST crypto coin in the WORLD.

I paid for a custom mod of the bot that made a lot of improvements, including that one. Maybe thats the way to go for you.

Maybe. CryptoCurrencyMiners is online atm, but we haven't had any news here lately, nor have I seen any changes to the website since the 30th. Hope s/he hasn't abandoned the project!  I'll throw a few more hashes that way for a little while. But unless CCMiners is actively engaging with the project & getting/keeping more folks on board, I don't see how we're ever going to keep enough hashes around to find that block. kdochoa hasn't mined in days. Brenda, though, is going great gangbusters!