New altcoin - Searching for dreamers- Code name: Bernoulli

[MajikPiG]

I am interested IF:
1) no premine
2) innovation (new algo or something)

[jubalix]

count me in....i have ideas!

[markm]

So far no proof of stake coins can be merged-mined.

Thus the merged mined family of coins (BTC, NMC, DVC, GRP, IXC, I0C, CLC, XGG) lacks a proof of stake member. It has most other innovations in it, so that one need not split up one's hashing power in order to mine a nice spread of different coins, but not one with proof of stake and not one with transaction memo.

So maybe either make a PPCoin that can be merged mined as a child chain alongside the existing merged mined coins or do that plus also throw in the transaction memo idea. Though really I'd prefer first just a PPCoin that can be merged mined before getting into blockchain bloat ideas like the transaction memo of the data storage that datacoin offers. (Namecoin already stores data anyway, so the big eight family of merged mined coins already includes a data storage coin, and possibly one could even put one's memo into a namecoin transaction so that maybe namecoin might also be able to function as a coin that allows inclouding a memo with a transaction, though I am not sure if one could do that or not, hmm. Maybe it'd be a memo per address rather than per transaction, thus still leaving the merged mined family lacking a coin that has the memo feature.)

It just seems kind of hypocritical to claim to be doing proof of stake to save energy then refuse to let people use recycled hashpower aka merged mining to mine it: PPCoin should have been merged mined from the start if saving energy truly was one of its goals/features...

-MarkM-

[JarvisTechnology]

 If you can manage a cpu cooin that is protected agains gpu mining , strictly just cpu , than you have a GREAT chance of success.

[yorich]

I'm new to all of this stuff, but if you're looking for someone to beta test things or test mining, count me in   I've worked for a few startups, so I'm always interested in getting in on something new.

[Hampuz]

Where are we at with this as of right now?

[MsCollec]

Where are we at with this as of right now?

I want to know the updates about the project too. Any new information?

[markm]

 If you can manage a cpu cooin that is protected agains gpu mining , strictly just cpu , than you have a GREAT chance of success.

Totally the opposite.

It will be popular with botnets and hobbyists but far too insecure to be trustworthy.

There is no way any one program or algorithm or application or coin is going to get more than half of the world's general purpose computing power securing it.

Anything that doesn't have its own ASIC securing it providing it the security of more than half of the computing power the world has available that is capable of securing-or-attacking it is just a pathetic little toy, which for the mainstream means that it is a scam, a pyramid or ponzi or tulip-mania; allowing let alone encouraging such a thing to process "other people's money" ought to be considered - and even prosecuted as - criminal negligence.

If you aren't going to build ASICs specific to your coin don't let the public become victims of it and if they do manage to become victims of it be prepared to go the way of all the other ponzi and pyramid scams, hopefully doing actual time not merely paying fines that amount to a fraction of your ill-gotten gains.

-MarkM-

[OrkneyCoiner]

...

I can help with some (simple) design.. used to be a pro.

[lophie]

 If you can manage a cpu cooin that is protected agains gpu mining , strictly just cpu , than you have a GREAT chance of success.

Totally the opposite.

It will be popular with botnets and hobbyists but far too insecure to be trustworthy.

There is no way any one program or algorithm or application or coin is going to get more than half of the world's general purpose computing power securing it.

Anything that doesn't have its own ASIC securing it providing it the security of more than half of the computing power the world has available that is capable of securing-or-attacking it is just a pathetic little toy, which for the mainstream means that it is a scam, a pyramid or ponzi or tulip-mania; allowing let alone encouraging such a thing to process "other people's money" ought to be considered - and even prosecuted as - criminal negligence.

If you aren't going to build ASICs specific to your coin don't let the public become victims of it and if they do manage to become victims of it be prepared to go the way of all the other ponzi and pyramid scams, hopefully doing actual time not merely paying fines that amount to a fraction of your ill-gotten gains.

-MarkM-

What about NXT forging paradigm? It is a different approach to mining in a scrypt based crypto? is that a pathetic little boy? As I recall the centralization of currencies die-hards used to say the same about Bitcoin.

[markm]

Ripple hasn't spawned a flood of rip-of-the-day scamcoins yet so it will be interesting to see whether NXT does once its source code is released.

If it works, then maybe it might even turn out to be more compelling than Ripple as the platform for MBC, CDN, UKB, UNS, GMC, GRF, NKL etc to move to.

(The coins that, realising that securing a blockchain was insanely expensive to the point that it was simply not practical to even attempt it, moved to Open Transactions until such time as either they could reasonably expect to be able to secure a blockchain or some better platform / technology / format comes along. XRP has all kinds of extraneous stuff they do not need; if NXT is cleanly and simply just a cryptocurrency then maybe cloning NXT might be better than cloning XRP as a means of moving back to a distributed database format/platform. If not oh well it is not as if being only available on Open Transactins has hurt them much if at all, heck maybe it actually helped them. By making them not be vulnerable like blockchains are it maybe saved them from the ghastly ongoing suppressions of exhcange rate that kept bitcoin's value down for so long. Maybe all the alt chains forking and so on undermined confident in blockchains or something, all those irresponsible - criminally negligent maybe really - people putting out chains they had no intention of securing and no chance of securing might have trashed horribly the public's perception of how secure blockchains are maybe? Those coins ought never have been avle to ctch up with bitcoin in value let alone surpass it, that they did seems to maybe indicate that something somehow prevented bitcoin from exploding the way it should have, the way they did...)

-MarkM-