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Question: Please vote for: Hash Algo and what you think it is good or bad
Good - 7 (31.8%)
Bad (Please comment why) - 2 (9.1%)
Scrypt Hashing - 5 (22.7%)
Scrypt-Jane Hashing - 4 (18.2%)
Scha256 Hashing - 4 (18.2%)
Total Voters: 16

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Author Topic: What do you Think about this Coin idea?  (Read 808 times)
JohnDorien (OP)
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June 19, 2013, 08:14:53 AM
 #1

Well,

what if all the good ideas of recent coins were combined into one new;

- Messaging within transaction
- Elastic payouts (looking at elacoin)
- Guaranteed payouts based on own hashpower thrown in the network (again elacoin)
- Incrementing payouts regarding Hash power and diff
- Super fast diff adjustment (every 1-10 blocks)

To be added from my side (if i learn how to implement this into the transmittion :/ )
- Maximum hash power for each user --> No pools, only solo, even chances for everyone

To be setup directly with the start
- Timeframe for exchange start
- Shop for the coin (like bitmit for bitcoin)


Please leave any ideas on what you would also like to have added.


ISO 1 coin programmer for the hash limitation implementation
ISO 1 web programmer for the market creation
AquaMan
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June 19, 2013, 08:17:40 AM
 #2

No more coins.... damn, when will people learn...
mercSuey
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June 19, 2013, 08:47:02 AM
 #3

With the US government spy/surveillance acts revealed, and anonymity of cryptocoins being one of its virtues, do you really think messaging attached with the actual transaction is a good idea?  Really?  A key of some sort in the title is enough for any business to have the transaction correspond with their own database.  To include more personal info to be (potentially) available on the block chain just sounds like a disaster waiting to happen.
JohnDorien (OP)
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June 19, 2013, 08:48:40 AM
 #4

With the US government spy/surveillance acts revealed, and anonymity of cryptocoins being one of its virtues, do you really think messaging attached with the actual transaction is a good idea?  Really?  A key of some sort in the title is enough for any business to have the transaction correspond with their own database.  To include more personal info to be (potentially) available on the block chain just sounds like a disaster waiting to happen.

You are right and i share your concerns, but i think the messaging options is like using an US based service; Everyone has the choice wether to use it or not
mercSuey
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June 19, 2013, 08:51:57 AM
 #5

With the US government spy/surveillance acts revealed, and anonymity of cryptocoins being one of its virtues, do you really think messaging attached with the actual transaction is a good idea?  Really?  A key of some sort in the title is enough for any business to have the transaction correspond with their own database.  To include more personal info to be (potentially) available on the block chain just sounds like a disaster waiting to happen.

You are right and i share your concerns, but i think the messaging options is like using an US based service; Everyone has the choice wether to use it or not

Yes, the thing you'd have to analyze is since it's a choice, is it worth it to have that option and bloat the blockchain and increase security vulnerabilities when a very, very small percent of transactions will actually use the messaging.
skyangel
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June 19, 2013, 08:56:51 AM
 #6

With the US government spy/surveillance acts revealed, and anonymity of cryptocoins being one of its virtues, do you really think messaging attached with the actual transaction is a good idea?  Really?  A key of some sort in the title is enough for any business to have the transaction correspond with their own database.  To include more personal info to be (potentially) available on the block chain just sounds like a disaster waiting to happen.

You are right and i share your concerns, but i think the messaging options is like using an US based service; Everyone has the choice wether to use it or not

Yes, the thing you'd have to analyze is since it's a choice, is it worth it to have that option and bloat the blockchain and increase security vulnerabilities when a very, very small percent of transactions will actually use the messaging.

The option of transaction messages doesn't increase the block chain size if it is not used. As implemented in Florin, if you send a transaction without a message, it is exactly the same size as a Litecoin transaction.

As for privacy, nothing prevents you from encrypting the message.

naphto
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June 19, 2013, 09:04:03 AM
 #7

No more coins.... damn, when will people learn...

I agree.
There is already too many crapcoins Sad
mercSuey
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June 19, 2013, 09:08:01 AM
 #8

With the US government spy/surveillance acts revealed, and anonymity of cryptocoins being one of its virtues, do you really think messaging attached with the actual transaction is a good idea?  Really?  A key of some sort in the title is enough for any business to have the transaction correspond with their own database.  To include more personal info to be (potentially) available on the block chain just sounds like a disaster waiting to happen.

You are right and i share your concerns, but i think the messaging options is like using an US based service; Everyone has the choice wether to use it or not

Yes, the thing you'd have to analyze is since it's a choice, is it worth it to have that option and bloat the blockchain and increase security vulnerabilities when a very, very small percent of transactions will actually use the messaging.

The option of transaction messages doesn't increase the block chain size if it is not used. As implemented in Florin, if you send a transaction without a message, it is exactly the same size as a Litecoin transaction.

As for privacy, nothing prevents you from encrypting the message.


Even better security is to keep the blockchain as is and have every business handle the tx with their own backend implementation.  Wink
zackclark70
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June 19, 2013, 09:11:33 AM
 #9

have a look at my idea i want to put mesaging into an alternative walet so it is im bast to stop blockchain bloat ect pm me

https://bitcointalk.org/index.php?topic=226582.0
thanks

zack

JohnDorien (OP)
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June 19, 2013, 10:45:56 AM
 #10

have a look at my idea i want to put mesaging into an alternative walet so it is im bast to stop blockchain bloat ect pm me

https://bitcointalk.org/index.php?topic=226582.0
thanks

zack

pm'd but i don't really stick with it
JohnDorien (OP)
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June 20, 2013, 08:16:00 AM
 #11

More feedback and programmers highly appreciated.

Need a good vote count on decision of mining algo to start development Smiley
JungleBook
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June 20, 2013, 08:36:13 AM
 #12

No more coins.... damn, when will people learn...
+1
JohnDorien (OP)
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June 20, 2013, 12:05:34 PM
 #13

No more coins.... damn, when will people learn...
+1

This sort of comment doesn't bring us further.

And to make it clear!
This shall not be a copycoin shitcoin, but one combining all the good things of the already drowned coins that had particular good ideas but mainly very bad marketing and announcment
Lauda
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June 20, 2013, 12:41:42 PM
 #14

No more coins.... damn, when will people learn...
+1

This sort of comment doesn't bring us further.

And to make it clear!
This shall not be a copycoin shitcoin, but one combining all the good things of the already drowned coins that had particular good ideas but mainly very bad marketing and announcment
Yes it does. Enough with the damn coins already, we could have thousands of different ideas, possibilities, more and more coins will just harm the current situation.
I vote no.

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