There's no doubt that bitcoin is amazing. However it was never designed for large scale usage and extremely volatile price.
So I was thinking what would be an ideal successor. As there is only one coin - bitcoin, that would be some sort of alt.
Now except technical perfection there should be couple of things.
1. the new coin should scale well. Used by few or a billion of people it should be suitable for all kinds of transfer no matter what amount that would be. So no block limitatio, no fees, no delays.
2. It should work on your grandmas phone. No fancy stuff but really it should be hw independent, lite version maybe together with full featured "big" version. But nobody wants to download gazillion of terrabytes of blockchain data. So no blockchain is ideal
3. There should be no premine, instamine, whatever way to make money on the coin. Or the community will turn the back on you. If you want to fund development, or want to put coin on an exchange, get a mortgage.
4. No ICO definitely. ICO is a scam.
5. Dev should be publicly know, ideally whole team with private cell numbers and addresses. If you disappear or don't deliver on time people can visit or call you. Abandoning coin aka Satoshi is a big nono. It cannot succeed.
6. All kind of media must be involved to build the hype. TV shows, websites, blogs and memes. Merchandise available (ideally for free)
7. Code must be reviewed by a group of independent experts and every commit must be discussed in a wide public forum. Developing new algo is ok, but only if it's public, documented and easy to understand. No black magic please.
8. Pools for mining, precompiled binaries for all OSes, github code, info website and announcements, together with few exchanges lising the coin on day 1 is not a must. No doubts this all comes for free.
9. If there is a problem, nobody is supposed to report it. An no fixing please. Test and fix on your own. But release immediately including compiled binaries.
10. The coin must be cheap. So everybody can buy it. Or mine it with anything. Lots of...
11. The plan, the roadmap, schedule or any other form of how the coin will develop including ETA goes without saying. Don't think that anybody is interested in randomly developed and secretly released stuff.
Yeah, sorry for irony but my impression is like everyone got crazy these days and community is looking for very unrealistic things. How are successful projects funded? How they are kept consistent, who does it and why? The expectations are enormous so making code just for fun doesn't provide what people want from coin. And nobody will care. Which is kind of sad, because this is the only way how it can work. I make a code, give it out for free, because it's a good thing and people will like it and help. But from thousands of coins announced here I don't see many like that, maybe none. Hey dev, do this and do that, and if you don't do it for free, you are scammer.
I want to start a coin for free. A good one. I appreciate any feedback what would work. Even the things above if they fit. And how to keep it running. For free