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Author Topic: My Idea  (Read 673 times)
NegativeZero (OP)
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July 10, 2013, 05:23:36 AM
 #1

My idea for a cryptocurrency:
- SHA-256 Hash blocks
- New block are made from transactions
- 10% of every transaction will become a block, therefore blocks are various sizes
- A limit of 33 Million coins
- Starting off with 500 250 coin blocks
I really have now clue how to code or anything  Tongue so I really can't do anything with my ideas. So yeah, that's it.

narayan
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August 10, 2013, 07:55:02 AM
 #2

I think you should learn more about how Bitcoin works.

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parat8t9
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August 10, 2013, 07:57:29 AM
 #3

Whats the benefits of blocks made from transactions?
g83
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August 10, 2013, 08:12:29 AM
 #4

I don't see the reason why to embed a new cryptocurrency at all - if we want bitcoin to get more successful we don't need all those alternate ones
duravello
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August 10, 2013, 08:13:10 AM
 #5

My idea for a cryptocurrency:
- New block are made from transactions
- 10% of every transaction will become a block


Seems like making lots of small transactions is the way to go.
So you are encouraging spamming this blockchain
r3wt
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August 10, 2013, 08:20:22 AM
 #6

My idea for a cryptocurrency:
- SHA-256 Hash blocks
- New block are made from transactions
- 10% of every transaction will become a block, therefore blocks are various sizes
- A limit of 33 Million coins
- Starting off with 500 250 coin blocks
I really have now clue how to code or anything  Tongue so I really can't do anything with my ideas. So yeah, that's it.



it wont work, unless you made every block like this. the reason is that new coins could never be added, so your total supply would only be 500 x 250 coins. what you'd want to do instead is add a base value for each block + 10% of each tx. something like this:

Code:
int 64 nSubsidy = (nFees + 5) * COIN;

then you would have to somehow define nFees(comprised of MIN_TX_FEE and MIN_RELAY_FEE) to be 10% of transaction

not sure but here's my pathetic attempt

Code:
MIN_TX_FEE = ("n/% tx %n/" * .1) * COIN; 
MIN_RELAY_FEE = .000005 * COIN;

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vehementchrome
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August 10, 2013, 09:17:22 AM
 #7

Well the idea is certainly...different, but it doesn't sound like it would play out well. Just my opinion though.

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August 10, 2013, 10:24:16 AM
 #8

Start studying these things. It is never too late.
mprep
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August 10, 2013, 12:46:11 PM
 #9

Another idea for an alt? No thanks, I'll pass...

smirno
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August 10, 2013, 01:52:31 PM
 #10

My idea for a cryptocurrency:
- SHA-256 Hash blocks
- New block are made from transactions
- 10% of every transaction will become a block, therefore blocks are various sizes
- A limit of 33 Million coins
- Starting off with 500 250 coin blocks
I really have now clue how to code or anything  Tongue so I really can't do anything with my ideas. So yeah, that's it.



New block are made from transactions this called spamming Grin
guoweang
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August 10, 2013, 02:26:08 PM
 #11

I don't see the reason why to embed a new cryptocurrency at all - if we want bitcoin to get more successful we don't need all those alternate ones

Competition is better than a monopoly. Alt coins should stay, just priced fairly.
Daniel7
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August 10, 2013, 02:37:09 PM
 #12

My idea for a cryptocurrency:
- SHA-256 Hash blocks
- New block are made from transactions
- 10% of every transaction will become a block, therefore blocks are various sizes
- A limit of 33 Million coins
- Starting off with 500 250 coin blocks
I really have now clue how to code or anything  Tongue so I really can't do anything with my ideas. So yeah, that's it.



New block are made from transactions this called spamming Grin

not really
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