Proposal: Rocketcoin

[steelhouse]

1. 100,000,000 pre-mined.
2. Setup exchange of sell order 100,000 RC for 1 BTC.
3. 1 RC mining reward every block.
4. 5% transaction fee, 4% deleted and 1% rewarded to miners.
5. Setup exchange of buy order 1 BTC for every 100,000.  Possibly adjusting to 1 BTC for every 90,000 RC as coins are deleted.
6. Make Stewie Griffin version of Rocketman official coin song.

GPL. Open source.

BTW,
The current inflation rate of BTC is 34%.

Dec 2011   7783600   0.34
Jan 2012   8006800   0.33
Feb 2012   8230000   0.32
Mar 2012   8431600   0.31
Apr 2012   8654800   0.30
May 2012   8870800   0.30
Jun 2012   9094000   0.29
Jul 2012   9310000   0.28
Aug 2012   9533200   0.28
Sep 2012   9756400   0.27
Oct 2012   9972400   0.26
Nov 2012   10195600   0.26
Dec 2012   10411600   0.25
Jan 2013   10634800   0.12
Feb 2013   10746400   0.12
Mar 2013   10948000   0.12

The inflation rate of rocketcoin will be negative.  As the price of the coin rises, businesses and people will want to accumulate it.  The more they hoard the faster the price will rise.  The increasing price will attract even more users, soon grandma will want some.  The more they transact the faster the rate will rise.  As the price of rocketcoin approaches and accelerates past the price of gold, I will be vindicated!!!!!!  

[terrytibbs]

jesus christ

[Mousepotato]

Why is an exchange even factored into it?  If you're going to build an alt chain, it should be able to stand on its own merit, so if we trimmed all the fat out of your proposal, we're left with this:

1. 100,000,000 pre-mined.
2. 1 RC mining reward every block.
3. 5% transaction fee, 4% deleted and 1% rewarded to miners.
4. Make Stewie Griffin version of Rocketman official coin song.

[freequant]

That was about time that someone make a real Ponzi coin   !

[norulezapply]

Hmm, PonziCoin..

No..

[ineededausername]

Hmm, PonziCoin..

No..

A while ago, Bitcoinduit was going to sponsor a PonziCoin, but then we decided that we were too lazy.

If anyone's making one, I'll be hashing for you!

[BadPenny]

Rocketcoin...burnin' GPUs up here alone.

[worldinacoin]

Too many coins around, in fact some barely survived while others are struggling to get back in the race for eg i0coin

[steelhouse]

Rocketcoin...burnin' GPUs up here alone.

merged mine with fpgas and asics.