I've been running a BitCoin Faucet for a few months now. More recently started an exact clone of the Faucet for ByteCoin//BTE
www.BitHits.info &
www.ByteHits.info are the Faucets.
That said. I've noticed a plethora of HUGE show stopping issues with the current implementation of BitCoin. Seeing as everyone and their grandmother is making AltCoins these days. I propose an AltCoin that encompasses the following features.
-TX Fee system proportionate to the amount of coins sent! NEVER to be more then 100% of the coins sent. And NEVER something ridiculous like the 200% to 5000% fees that exist currently in BitCoin. (I can cite examples if you dont believe the fees are that retarded)
-Priority system based on Input Value and TX Size. Age of coins should not factor. Confirmed to a point yes, With Confirms lower then a set amount a slightly higher fee.
-BlockChain stored locally in files no larger then 200MB - the 2GB files that are currently used tend to bog down systems with lower memory. And will make running dedicated instances of *coind much easier.
-Ability to send 0fee TX or minuscule tx fees for widely confirmed coins above a certain input value. Again age not a factor. Just amount of confirms.
-Clients/Miners must accept ALL transactions it sees, within reason. So long as it is a valid transaction and adheres to the rules set. The option to 'exclude any transaction that is valid because I'm not getting a cut' should not exist. This is exclusionary and does not give back to the health of the network.
-Very high coin circulation. Its hard to adopt what you dont have. 3.5 Billion coins seems good. More then enough should the coin become global and widely adopted.
-Quick coin distribution, Maybe a 1000 and 500 bonus early on for early adopters. 200 per block the normal rate. Reduced by 20 coins per year.
If someone makes such a coin -
I will provide a domain and hosting for it! E-Mail
bithits.info@gmail.com if you want to collaborate on this project. Of course reply here first
