What kind of coin we need ?

[Salivan]

Hi

below I gather  some of  features of a new  coin  I hope I will see at some point in the future:
- finite amount, irreversible( can be lost ) - those we  already have
- totally anonymous (no public ledger)
- no  transaction fee
- instant I mean something like  1sec or less
- no auditors  ( no  cost of  hardware )

 What are your  thought on the topic?

[sor.rge]

- totally anonymous (no public ledger)
- instant I mean something like  1sec or less
- no auditors  ( no  cost of  hardware )

Those are very interesting properties, I'm sure a coin with any of them will attract attention. Unfortunately "instant" probably is equal to centralization, see http://en.wikipedia.org/wiki/CAP_theorem

[Salivan]

- totally anonymous (no public ledger)
- instant I mean something like  1sec or less
- no auditors  ( no  cost of  hardware )

Those are very interesting properties, I'm sure a coin with any of them will attract attention. Unfortunately "instant" probably is equal to centralization, see http://en.wikipedia.org/wiki/CAP_theorem

I am not sure if all nodes need to know everything at given time to  work  correctly, if not surely next generation coin can be instant, or at least in  sense of  human perception

[defaced]

Those ideas are really good, and if all information traveled at the speed of light to every computer in more of a multicast way, then instant could be possible, but the sad truth is, there is still people using dialup speeds in the world, and most ips are ipv4 which doesnt effectivly support multicast like v6 does. But because we use the hardware that we use to transfer bits to each other it makes instant harder. Thats why bitcoin has 10 minute block times to help with latency of the entire network. Now, say, in the future, i think we are looking at a different picture. It is always best to develope for the future and never for the now.

[sor.rge]

I am not sure if all nodes need to know everything at given time to  work  correctly, if not surely next generation coin can be instant, or at least in  sense of  human perception

Yes, that doesn't prove that "instant coin" is impossible, just some food for thought.

[seleme]

one that prints dollars