Just to note on a couple things for clarity and to help
>Variable block reward.
That sounds very innovative and solves some problems, but I wonder if it doesn't create an incentive for miners to falsify their block timings.
Correct on block timings; though that exploit has been / is used today with current alts. The NTP timestamp Fix from GG I point out in the thread above solves this. also, why it would be required.
>A GPU miner program would need to be altered to allow these parameters. In a perfect world, one of the community involved would have the miner ready upon coin release.
Interested to know why you think supporting GPU mining is a good idea. Litecoin was started with GPU-hostility in mind . . just the implementation wasn't good enough. Efficient GPU mining narrows down the mining pool, and hampers widespread adoption.
I'd like to see an altcoin that incorporates two ideas, which I consider to be Bitcoin flaws . . .
1. CPU-Only Mining. So that it is easy to convert electricity into coin - reduces reliance on exchanges, helps widespread adoption. (Litecoin tried to do this, and failed, and seemingly succeeded as a coin anyway).
CPU>GPU>FPGA>ASIC>
? is not a flaw; it's an inevitability.
BTC was CPU only when first released. It was discussed in 2009 about using GPU; but was not utilized until later. GPU for scrypt was, in fact, "cracked" to some degree Prior to LTC release. Here again, it was not utilized until later when the coin had more size/age. The problem is that there is no way, that I am aware of; to make a CPU only coin without making it fully ASIC and FPGA ready. Even though, one could perceive that LTC failed with GPU's; it is a large driving factor in it's growth, value and size today (Including alts). Since the value of BTC has risen to a point where ASIC's and FPGA's are profitable to manufacture; miners are "extending" or "Continuing" their ability to mine with LTC (others too of course). If we make an assumption that the world of crypto is to continue and be around for a few years; it is very likely that LTC will also become FPGA / ASIC dominate. Fortunately / Unfortunately (depending on your P.O.V.), GPU is basically the "bottom tier" of mining equipment. I imagine it won't be long before BTC is entirely mined by corporations like Asicminer.
If your with me at this point; we are basically at the same point in time, at which, LTC was created. There had just been a spike in BTC price, then. There had been a "small" flood of alts, then. People were looking to extend their CPU's, no longer feasible on BTC, then. The value of BTC spiking; had shown legitimacy and that another coin had the possibility of "making it", then.
To a large degree, this same scenario is playing out now; only with GPU's needing a spot soon (from ASIC and FPGA) and LTC value rise showing the possibility of another coin "making it". So essentially, to protect the "home miner", we need to be ASIC / FPGA resistant and GPU friendly; which would be the modern equivalent, that LTC was at it's inception. This is where the Super Scrypt algorithm comes into place. Using the higher parameters should provide an equal (if not longer) time extension to GPU mining.
>provided greed, profitability or instant return is left second to design.
I think greed drives the adoption of new coins. Help early adopters get rich - early adopters will help your altcoin. Maintaining and increasing the value of the coin should be a primary concern.
I agree sadly, greed drives coins of "
today" and people expect value for adoption. However, greed could not have driven the first 2 years of Bitcoin; since it had no value and would have never started / made it to where we are now.
Sorry to have popped in there. Thank all for the thoughts so far!
