(switching to more botnet friendly hash algorithms that make attacks more affordable or reducing interval to a point where orphans are the norm).
that is a very specific purpose. Making a coin that is erase-from-internet-resistant has a use to all of us once the DoHS gets thru with people being clever with computers about philosophical notions of fiat symbolics (ie, money.) It's really heady stuff to get angry at people at blowing smoke in the air theorizing about the meaning of a few symbols. Free speech is dead, yo.
Back to (h)altcoins, aka "ALT".
Let's face it, the problem isn't that existing alt-coins aren't resistant to hashrate fluctuations caused by profitability changes, the problem is that most of them don't have any advantage unless you want to profit from speculation. Once the speculation dies down the coin dies with it.
Right, so removing speculation would show a coin's true value. I don't see why that's not what we should all be striving for at all times.
- Freicoin with demurrage
- Terracoin with fast retargeting
AS pointed out earlier by NOMEANSwhat, Frei is useless low value, and TRC is experiencing a continued 'attack' that is now more a 'characteristic' of the coin, the yoyo difficulty. Very curious effect, continuing for 6 months+!
(making a coin merge-minable would probably have the same result long-term if the coin was worth it).
Merged coins are worth nothing cuz they're mined for free. If they had a function to them, like DECREDITS or CREDIT or whatever the idea is (bad name!) (private message coin), then that'd be great to merge them like NMC. But they'd have no real value.
I coin-hopp as I consider mining to be a business (I'll certainly pay taxes this year on my mining income so you bet I don't consider it an hobby anymore) but don't rely on coinchoose (my setup predates it by more than a year and is far more robust to the various profitability mirages: it didn't mine Feathercoin for long the last 24h for example).
For me mining, making a coin viable should not rely on the behavior of the miners but on the behavior of users. Resisting hashrate fluctuations - although a desirable property - should not be their primary concern: they should design their coins so that people want to buy them, not mine them.
I dont think most coin creators have the resources to make such a coin. Tho i've been involved with startups and know the people to talk to, quitting my job to take on a risky launch of yet another alt coin by pouring serious cash into a real coin that people would use is not happening. And being so official about it tends to getyou labelled a 'terrorist' and arrested in the US or Peru. So this piddling around as a hobby seems ok to me, but putting serious cash into an official business doing this is left to the KIM DOTCOM random-jurisdiction-claims-DoHS/FBI-baiters of the world. Im just not that interested in all this stuff to be my freedom on it, or even my job.
Guess im failtown. But ill still fuck around with coin ideas.
