Note: keep in mind this is just from the top of my head.
Nowadays, coins are made for profit. They don't even deserve to be in the top 10 lists. Just pumps n dumps that have fallen to oblivion. No on even remembers them.
Well, I have an idea for a coin that someone can do. Since my coding skills are bad
I would like to put it out there for someone with the knowledge to accomplish the task.
My idea is this:
Let's say we have alphabet amount of people mining this coin. Person A, let's call him "Big dog" is hashing at 35% of the total network.
Each block generates a total of 100 coins. He finds a block with his rig and gets all the coins. Others get angry and are disappointed they don't have the technology big dog has.
How can we solve this problem? By taxing him the amount he is hashing; ie 35%.
We get the 35 coins from the tax and distribute it equally among the people who are mining.
35/25 = 1.4 coins per miner. Their hashing rate would not matter at all.
How would this benefit everyone?
- It would limit the amount of hashing power someone would want to use to mine the coin.
- It doesn't matter if they are hashing with 1% or 0.5% of the total network, they will still get a piece of the pie.
- It would entice people into mining the coin with what little power they have.
I know what you all will be thinking, won't Big Dog be pissed he is getting taxed high?
Well, you better believe it. This coin will be easily accessible to everyone. It won't scare people away from trying to mine it.
The total supply should be high, like 1 billion or so the amount of blocks would be an even 10 million.
What algorithm? It should not be Scrypt or SHA-256 that's for sure. Something new and exciting!
Other details can be whatever.Pools:
Well, this coin will encourage more self-mining because pools seem too much like a monopoly for me. (IMO I dislike them.)
Now you guys can customize it to your liking. I hope my idea can spark some new innovative cryptocurrencies and developers can stop copying each other.
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