Hello, first time poster long time reader here...
A BRIEF INTRODUCTION: My name is Stevan and I am interested in putting together a new altcoin. I first heard about Bitcoins (or alt coins) when Bitcoins were selling for about $1 a piece years ago. I was going to buy a hundred of them when I saw how crazy the uptrend in the charts were but had to loan some jackass that hundred dollars instead... IKR?!!?!?!!
Well anyways, about a year ago I planned to build a website categorizing all the various alt coins, I had about 400 pages typed up with the various information and specs relevant to each alt coin. I figured that crypto is pretty hot and would be a great niche to base a site off of. The content was all there for me just a matter of mundane data entry. As I went about doing this, I found a lot of these altcoins (not all) were in fact scam coins, or IPO scams, pump and dumps etc. I am sure a lot of you are well aware of this.
I scrapped the site and discontinued any work I made and that was that. Why? I could not vouch or assure the quality of anything that I would have been listing on my site. I have a conscious and could not perpetuate a scam coin or advertise something that would cause someone financial loss. It's just plain wrong.
THIS IS MY IDEA:-100 Million Coins
-Based off of SHA 256
-Reward Varies upon "The Great Wall"
-Block every Ten Mins
THE GREAT WALL EXPLAINED:Okay so if you could visualize how the blocks and rewards would look like on a timeline this is how it would look:
(The numbers are just variables so you can understand the concept)
Dip= 0
Spike= 75
--50--50--0--50--50-- --50--50--0--50--50-- --50--50--0--50--50-- <--------50 coin reward per block found with exception to the 'Dip'
--25--25--75--25--25-- --25--25--75--25--25-- <---------25 coin reward per block found with exception to the 'Spike'
The 'Dips' & 'Spikes' could be in any amount but has to maintain a 4:1 ratio - Example: Per every 4 regular block rewards in a string, High or low on the wall, one must be either a spike (on low string) or a dip (on high string) This is designed to counteract those who only want to mine the high side as it is more profitable and vice versa. Also the fluctuation in the wall provide a pattern of availability that should help the coin be less volatile and help against any pump and dump schemes. The spikes and dips would be placed at random in each respective stage of the wall.
Also like bitcoin I would also like the reward to halve every x amount of time.
Are there any dev's capable???
I would pay a dev to do this and a dev to check the integrity. I am not rich or anything, I think the best way to get someone on board is to get someone who is interested in running a pool and on the coins main site have a list of "Official" mining pools where only the Devs (and myself) that helped to develop could charge a 1% fee etc. on our pools that we each have.
What do you guys think?
