Describe the perfect altcoin.. What parameters would you give it?

[jtpeters]

What's your opinion on the perfect altcoin?

Scrypt or SHA-256?
How many coins?
Block reward?
BTC Difficulty?
BTC Block time?

[mayne]

0% premine

[BitCoinPokerBro]

Clone Infinite Coin (IFC) and improve with new features. IMO it was and still is one of the better altcoins.

Here's why -

- No premine

- Community is active.

- Plenty of games/support

- Everyone is happy with the large number of coins.

- Value has appreciated more than 30 times what it was worth back in July

- #14 market cap out of 80+ alt's listed on http://coinmarketcap.com/


The sweet spot for total coins is 10-100 billion any more than that and you'll get stuck with second tier trading pairs. For example doge/coin or xpm/coin rather than btc/coin or ltc/coin.


What special features to add?  Without much/any experience with these new implements here's a short list.

Colored coins sounds interesting, however I don't personally know how it works.

Name/ID's instead of addresses


And for coin support

IOS/Android wallets at or soon after launch

[drmosh]

Neither SCRYPT or SHA-256...  ASIC proof CPU minable...

Fast confirm, ephemeral block chain no sync time

[jtpeters]

if there was a pre-mine, how about 1-5% that could only be sold when certain conditions are met?

[BitCoinPokerBro]

if there was a pre-mine, how about 1-5% that could only be sold when certain conditions are met?

0.5-1% max with public ledger. Most of which should be spent on giveaways, promotion, and bounties.

If your going to dump in 1-3 months or all at once at any point in time don't even bother.