So only 3 random winners, plus developers will get all the coins?



Why not do this:
1-Users send money to gamble, while picking two different numbers between 1 and 10.
2-At day X, an random number between 1 and 10 is selected.
3-If one of the two numbers you selected, you are an winner.
4-All the losers bitcoins are split between winners, based at amount of money they betted. And also winners keep their original bet.
5-All the precoins are split between the winners based at the amount of coins they betted.


The idea is that from your main posts you sounded like your coin is mostly a test coin. This way the winners keep also bitcoins they betted (plus losers money).
It also split the precoins to more than 3 guys (plus developers).

Bitcoin is the D&D of cryptocurrencies, so NOPE no one will rival it.

Thanks, I got excited expecting a premined coin without ico, thats is not the case, here.

Are all coins created at the start or new coins will be created at the future (so people wont mine only transaction fees)

What you want is called demurrage.

Freicoin have this, talk with them about this:

https://bitcointalk.org/index.php?topic=89843.0

A REAL premined coin could be made (premined coin and plus was not really premined because all the coins were not distributed).

To better distribute it and at the same time the method used by clam could be used. Any account with more than 0 bitcoins would receive premined coins.

The difference with clam coin is that clam coin didnt distributed all coins.

You would need to a get blockchain date before I posted this text here to avoid people spliting his coins at multiple accounts.

You could also filter wallets that gave money to wallet X and at some point of time wallet X gave money to this wallet, or other rules that try to filter accounts that are probably of the same user.


The mining could work like this:
You send account to place A.
At the start of the month (every 31 days, since the start of the coin, not from the time you placed the coin at place A), all coins at place B go back to circulation are are allowed to be mined, like the transaction fees, THEN all coins at place A goes to place B.

At all months other than the first, mining is based at coins you have at place B, at first month its based at coins at place A.
You can get back the coins at place A to your walled, but can't get back the coins at place B.

With this method of mining you have more coins to be mined than just transaction fees, you also have mining fees.
PS: All coins are send to place B at the start of the month, to people mine according to the same inflation.

Don't communism not have money?

The closest thing from a communist money as that I can see is Collectivist anarchism, where your salary is EXACTLY based at the amount of time you work and difficult of your work, and this money (labor voucher) is not transferable between people for free and are destroyed after used.

The closest existing cryptocurrence from that, was a coin that I forgot the name but, if you were a boss, you would give the coin to people based at amount of time they worked  (how tough the job is, won't influence it), but this coin was transferable between users and was not destroyed after used.


If something like labour vouchers would be SORT OF emulated, something like this could be done.
1-Proof of work is initially used to "start the coin". But instead of getting coins you get burned coins.
2-Then after X days/months the proof of work stop and proof of burn is used to distribute new coins.
3-The amount of burned coins with their age is used to mine USABLE coins.
4-If you sent those coins to someone else, they receive those as burned coins.
4.1-The only way to get burned coins is by step 1 or by receiving coins that will be automatically burned. You can't burn your own coins.

A shitty, joke, experimental, gimmick idea..... coin

O proof of time deles, você você consegue TODO DIA uma quantidade de X de moedas baseada na sua quantidade de moedas e no power do seu token (quem comprou tokem primeiro no ico tem um power maior). Isso acontece para todo mundo que tem tokem.

No proof of stake normal, ter mais moedas somente ajuda você a ter uma chance maior de se o ganhador das moedas mineradas, nao necessariamente significa que você vai conserteza ganhar as moedas. No proof of stake, ter mais moedas, ajuda na hora de minerar, no proof of time token deles nao tem como ter mais token, o que regula a quantidade de poder do seu token é apenas o "power" do token (quando você comprou o token no ipo), e esse power é reduzido a cada 88 dias.
No proof of stake normal se você receber moeda de alguem você pode minerar, no proof of time token somente quem tem token pode ganhar mais moedas (voce pode dar um token para alguem mas apenas um token inteiro e para alguem sem token).

Como a mineração (no sentido de proteção) é feita eu nao sei, pois se a pessoa ganha moeda sem precisar minerar apenas tendo o token, você tira o icentivo de minear.

One question, if having a timemint give you X coins per day, based at chronopower, halving rule and amount of coins you have, how the mining (the security one, not the "more coins created or distributed" one)  is done?

I dont think I fully understood proof of time.

Does it work like this?
IPO people, receive the coin (day) and also something called timemint.
Timemint can be used to get the more timemint (x amount per time based at amount of timemint you had at last day and also some modifiers) and also day coins, you can give timemint to others if you want.

A coin designed by a comitee?

You could make pools where people give score of 1 to 10 to each choice, and you do based at the best voted one.

Something like:
Demurrage (yes or no)
PS:If demurrage wins (almost 100% sure it wont), you vote for the demurrage frequency and then vote again for the % (and then how rounding will work)

Max Coin limit (yes or no)
If  no max coin limit win, people vote at the max coin amount....

Proof of X
The thing has a huge list of proof of X and vote at them.

Coin distribution method (mining only, burning coins to get % of total coins, mine but coins can only be traded after all coins are mined....)
Transaction fee or not...

And this goes on and on.....

There is basically:

Premined shared equally vs premined coins sold vs premined acquired by burning coins vs no premined.
Coin Limit vs no limit.
No demurrage vs demurrage (% of your money) vs Demurrage (X% of total coins goes back to the system, each user lost some % of this X%)
Transactions fees vs no transaction fees.
Proof of work vs proof of stake vs proof of X vs proof of Y.......
Amount of coins mined is always the same vs increase over time vs decrease over time.


And more....

It wont have a future. The moment they decided to make it inflationary was the moment they killed it.
Inflationary currency are a stupid thing that is forced to us, by those that influence those in power.

You somehow in the rigged world (what is assumed you believe at, if you are going to want to use cryptocurrency instead of just using normal currencies), have the chance of doing it right, and then go and do a inflationary coin. You must be pretty crazy.

The out of nowhere means, they just created a coin and got richer compared to the population (by taking their money).
Compare that, with cryptocurrency as some example, you can just increase the amount of decimal digits is possible, so if you have 100 coins and this is not enougth for the population, you can allow 0.1 coins, and now you have 1000 unique coins and no one lost money or got money, then if needed you can allow 0.01 coins and etc...

If you sell a coin you created, the ones that sold the coin will get money out of nowhere, if anything you are paying for the cost of creating the coin.

Also when government print money, yes the rest of the money value is reduced but imagine this:
Country has 10 citizens.
There are only 100 coins.
Each citizen has 2 coins and the government has 80 coins.
Each person has 2% of the total amount of coins and the government has 80% of it.
The government create 100 new coins.
Each coin now is worth half of the previous value.
Problem solved?
The citizens now have 1% of total coins and the government has 90% of it.
The government got money out of nowhere.

Nope, money is a way to represent the wealth you have.
If you give equal money to everyone without asking wealth back, people will get money out of nowhere. Homeless people would get money out of nowhere.
Thats why ipo without burning coins is a bad idea, the developers get money out of nowhere.

This could work, following some logic, in a ultra specific way.

The logic and how the distribution method of this coin would be:
If you think about it, money is a way to represent wealth.

This coin where you burn coins to get the starter coins, would work in a specific way:

The max amount of coins from this altcoin would be decided.
The burning day (actually the burning day and minute of the day), would also be decided before the system start. Lets imagine 6 months and 0 minutes.
People would be able to send BITCOINS to a specific place. At any moment of time until the burning day, they can get their coins back, if they want.

On this example, after 6 months and 0 minutes, all BITCOINS at this special burning place would be burned. People would receive coins based at the amount of coins they burned compared to the total amount of coins people burned. If 100 coins were burned, and you burned one coin, then you will get 1% of all altcoin coins.

Those coins will be the entire poll of coins, no new coins will be mined. Miners (or whatever proof of X is used) will only receive transaction fees.


All those rules have specific ideas behind it and here are them:

Money is a way to represent wealth, with this coin, you will be converting your bitcoins to this burnercoin, so you will be representing a wealth you have with those coins, the coins don't come out of nowhere. Unlike usual ipos, the ones that receive the money/coins "to be burned" wont get money out of nothing (the coins or dollars people sent), so you wont "fuck the system" by receiving money out of nothing to someone.

At the example I said before you burn bitcoin for burnercoins, the coin don't need to be specifically bitcoin, but must follow 2 rules:
1-Must be a specific coin: The idea is that wealth is converted in a specific way. If everyone receive X burnercoins for Y another coin, everyone wealth was represented without a doubt (more about it later) at the exact specific way.
2-Must be a very good coin: The ones burning their coins must be losing something. If some random unknown coin was used to make the exchange, the guy could think "hey I will burn this coin, since it will be worthless anyway, so I will be losing nothing by burning this coin and so get free wealth." And if he is right and the coin will be worthless in the near future, he will be getting wealth out of nowhere.

All coins are converted at the exact minute, because inflation, deflation.... exist, by burning the coins at the exact same time, people will be wasting the exact same thing. People can remove their coins from burning place at any time they want, because without a way to remove your coins from the burning place, the wealth they spent would be the wealth of the coin at the moment they sent it to the burning place.

No new coins are mined (except transaction fees), to make sure no one get money out of nowhere. Transaction fess are still needed because of how the cryptocurrency works.



PROBLEMS:

All those rules deal only with the distribution method. The creators of the coin would need to find a way invent some proof of X mining/minting/etc... method that follow the same spirit/idea used to create the previous rules.
One wanted feature is some proof of X method, that reduce the amount of wealth lost by guys that didn't mined the transaction fee. This way, the wealth you receive from mine/mint/etc... is closer to the wealth you spend to mine/mint/etc..