New coin idea to compliment BTC, LTC etc

[richo262]

I was thinking of this last night, how we can get cryptocurrency to succeed and be unified.

A coin, call it 'Unity coin' where it has all of community verified good points of all the altcoins but the value of bitcoin.

It has a mining date of mid 2014 or 2015 when it is up and running and has a set amount of coins to be created.

Using this:
1 BTC = 1000 UC
1 LTC = 30 UC
1 NVC = 20 UC

You can sent your BTC, LTC, NVC to a UC wallet where it destroys the coin and converts to UC from a pool that only exists for cashout purposes. After 2016 all UC coins in this pool that have not been redeemed will be destroyed. The pool is set to no more than the equivalent of all BTC, LTC and NVC coins in existence or predicted to be in existence at the end of 2015.

The difficulty will have to be reflective of an average of BTC, LTC, NVC difficulty.

Obviously open source is required, and some complex coding to ensure these cut off dates and the pool is not able to accessed by anybody other than a genuine holder of a BTC, LTC, NVC.

Other benefits that could be discussed.
A method to recognise if the household coin mining is using solar power and lower the difficulty for a max of 6 hours per day
Folding at home for any excess hash power
etc

Thoughts?

[seriouscoin]

Thoughts?

Coke is one hell of a drug isnt it?

[blacksails]

I don't think anyone will do this. There is no need for another coin. It will just become an alt-coin like all others.