Thoughts about premining/superblocks? Here's my $0.02...

[Hydroponica]

I guess superblocks are good for early starting miners, but I don't see the advantage to be honest. If you're there early then you'll be able to get the blocks quickly enough anyway because fewer people will be around. It's really the same problem with the difficulty except a different way of doing it.

 better way, would be to start the superblocks further into the block chain, say around 10,000 blocks or so, otherwise, your just giving bot nets and huge, lownlatency miners, millions of easy coins. Diff will be higher, and, they will spread out more evenly. A pool may even be setup quicker. See, the main goal, for a coin starting out, is to have a lot of people, will a nice bit of your coin in their wallet, rather than a select few, holding a majority of the coins. The more people who have your coin, the more people who are invested in it, and want to be able to trade it. The mob rules, as they say

[transcoder]

Zas, I see your point about the astronomical rise in difficulty from early mining, and how it could turn off latecomers. The question is whether or not the coin is designed to reward early adopters or make it somewhat fair for relatively late adopters.

I like digitalcoin's fair launch policy, how the reward per block starts at 2 and works its way up to 20 at blocks > 8640. Early adopters would still be able to amass a number of coins but since it wouldn't be at full subsidy, my thoughts would be that difficulty wouldn't spike as fast until it reaches the full rewards per block. But by that time, the coin would be been released for a few days, giving more people opportunity to start mining it while the difficulty is low.

Like Hydroponica says, the more people that have possession of the coin, the more invested they are in it.

Thoughts?

[emerefer]

SHA3 isn't even out yet >.<; I'll take a look into scrypt jane though thanks!

Isnt Copperlark Sha3?

[transcoder]

SHA3 isn't even out yet >.<; I'll take a look into scrypt jane though thanks!

Isnt Copperlark Sha3?

Yes, it is.

[DeathAndTaxes]

Anyone who has a problem with a small pre mine, has never coded and released a coin. Period.

Guess Satoshi never coded or released a coin.

[digitalindustry]

It's funny, people are against pre mines, yet my coin, for example, is alive and well, solely because I have been able to do huge give aways, and pay bounties for services to be created for it. Like any product or commodity, you need a starting capital....

you have a coin?

[transcoder]

Hm.

The community is against any pre-mine whatsoever. The Nugget (also in development I think) plans to take a cut once a coin is mined. That said I'm not against super blocks, but you don't want them too high otherwise you'll draw the wrong kind of attention. In my opinion it's going to depend on how you treat the smaller miners.

Zas, do you have any links about the Nugget?

[transcoder]

Thanks guys for all of your input. After much thought, I think the right way to go about it is to not premine at all. I like how coins like digitalcoin operate -- how they have to rely on the community for donations. It's a gamble, but chances are if your own community doesn't support you, the coin doesn't have any long-term prospects. It's a gamble that I'm willing to take.