So I read this comment the other day from someone, I think it was MarineCoin, who was saying that they plan on launching thousands of new coins each with their own branding and settings, in a deliberate effort to completely flood the altcoin market and lower the value of all the Altcoins. He was saying how he sees all the coins collectively as one big system.

There is obviously nothing that can be done to stop that happening, but is it actually such a bad thing? People complain a lot about all the new coins flooding the market and lowering the value of their hordings, but are they really thinking about all this in the right way?

I see things like Moon, Lot and so on, head for 1 Satoshi, and then dozens and dozens of bitcoins are set trying to buy them at that value on the principle that they can't go any lower and if they go up at all, any coin holdings a given holder has are going to double or triple in value.

This effect I think is what is draining the larger Altcoins more than anything else. A coin with a value of 1 satoshi which can't go down in value is a better store of wealth with a greater chance of big returns than a coin worth say 300K satoshi which can go to 80K in a matter of days like DMD did earlier this year, just after DOGE hit cryptsy.

So if this MarineCoin guy is going to succeed, and I like I said I can't see how he can be stopped, then eventually just about all the coins, with the exception of any that are gaining real world market, are going to go to 1 Satoshi.

Thousands of coins all worth the same amount... what's happening as far as I can tell is that the free market forces are effectively de-centralising the blockchain itself.

Instead of a single monolithic BitCoin blockchain controlled by a distributed network of elite ASIC owners, we are going to have thousands of blockchains, which will all be the same value and will soak up dozens of BitCoins each with buy orders at 1 Satoshi, which will spread out the BitCoins making them more valuable and thus driving even more of the higher valued coins dive towards parity at 1 Satoshi.

Can anyone see this going a different way?

Is it really so much of a problem that we would have thousands of blockchains at the same value, since the computers can be programmed to use any of them seamlessly?

Hi All,

I've been thinking somewhat lately about this deflationary currency concept and whether or not it's really a good thing versus a crypto-based currency with a low fixed rate of perpetual inflation say about 2 or 3% annually. (Like the banks attempt to keep fiats running on)

The thought I came across was this;

Let's say a given Crypto, doesn't matter which, becomes main stream successful and is used globally as a primary means of currency exchange.

Let's say further then, an ordinary guy (or gal), who works an ordinary job, say as a Taxi Driver, or a Warehouse assistant... whatever, is paid in this uber-successful crypto for salary, and decides to take out a mortgage denominated in this crypto to purchase a home.

Let's say the mortgage value is for 1000 units over a period of 25 years, 40 units to be paid annually.

And further the current wages of the worker are 300 units per year.

At the beginning of the term, everything is fine, the worker is only in debt equal to 3x their annual salary, and the home they have purchased is worth equal to the amount paid ; 1000 units.


But then over the course of the following ten years imagine if the currency deflates by a factor of 5.

So far the worker has paid off 400 of the 1000 units, meaning the debt stands at 600 units.

Assuming the house is still as relatively valuable as it was 10 years previously, is now worth only 200 units.

The workers salary assuming they stayed in the same job and are being paid the same relative amount for their
work is now just 60 units.


There comes a point with such rapid deflation, that the worker simply cannot pay off the remaining debt which is many times more than the house is worth and many times greater than an annual salary.


So the concept of a mortgage doesn't work, and if the concept is changed so that the repayments decline in scale slightly behind the deflationary curve, profit for the mortgage lender can be made in relative terms, however after an extended period the lender will always have less actual units than they started with and thus would be very unlikely to be interested in lending in the first place.

So either deflation must be set at a very low pace in a world-dominating crypto, or said crypto needs to be very slightly inflationary and thus a little bit more like classical fiat. (without the centralised banker cartel printing new money like it's going out of fashion to pay for their stupid wars, of course)

Hi all,

I was installing Ubuntu the other day and when I saw the screens asking for donations via paypal, I suddenly had an idea.

Crypto Linux...

A new distro, maybe debian/ubuntu based, but designed to be crypto-currency friendly right through.

Now I saw the other day someone has figured out a version of linux which comes ready made for mining rigs, so that is a start; but just imagine if this was taken to it's logical conclusion!

- Donate to improve the OS easily by whatever crypto you like best

- Donate to software development projects, games, killer apps, true rivals to the programs that keep us stuck using winblows.

- Automatic detection of graphics hardware that is good for mining, with a friendly prompt asking if you would like to mine using whatever hardware you have.

The opensource world has always lagged behind the closed source proprietary software world because it costs so much money to build good quality software and no one wants to pay for opensource code to be written because they can't make money from it... well that can change, the system itself can expand and grow according to whatever it's users want to see and don't mind making a small token contribution to.

Want a perfect clone of counter-strike? sure why not...

Want a program that is better than Photoshop? Me too, I'd throw a couple of million satoshi towards that project!

This can work, and could potentially become the dominant desktop OS, creating a real difficult problem for any governments that want to ban cryptos and keep themselves in the software stoneage, paying fiat currency for software licenses and product keys to unlock software that is not as good, can get viruses and spyware and has to be paid for again at each major new version!

If you like this idea and you want to see it happen, share it far and wide. Someone out there will have the knowledge of how to get it started. I can't .. I'm a Perl programmer and I don't have time to acquire the requisite skills whilst I pay my fiat currency bills

Hi all,

I'm new to this forum, just signed up yesterday because I wanted to talk on the Earth Coin launch
thread, but for now I'm stuck down here.

Anyway aside from that, I have an idea for a new crypto currency I want to create, based on an old meme I
saw going round the net years back called "Spock Bucks".







My idea is to bring Spock Bucks to life as a clone of one of the existing cryptos, but with a limit of only
2.1 million units which will all be produced in just one year.

With so few of these things available, they should theoretically be worth 10 BitCoins each so there
will be lots of profit for speculators, and with so many being made so fast there will be lots of profit
for the miners as well.

I know some people don't like the concept of premining, but I am thinking if I premined just 2100 of them,
which is 0.1%, I could then distribute 1890 of them to anyone who helps support the creation of spock
bucks and any services around them, leaving me with 210 Spocks which is 0.01% reward for having
thought of this idea.

Anyway, if anyone has any suggestions how to start, or what is the best currency code to clone in
Github to make modifications to then please let me know by replying below.

I've created a GitHub account for the project here : https://github.com/spockbucks/SpockBucks

One final thought;

Spock: Jim, do 8 decimal places constitute "exact change"?