Hey foolks,
I read this
http://www.gat3way.eu/forum/viewtopic.php?f=5&t=68It seems it possible to make e currency that is based on CPU mining. I think now that BTC moves into asics alot of GPU miners might simply mine alt currencies, since for them GPU is already sunk cost and also in hope to catch new btc like rise.
I am looking at user friendly even dumb blonde friendly gui and cpu oriented algo. Also maybe difficulty does not rise alot and coins are not divisible. When all coins mined new e currency started, this way people constanly have change to get in at the start
What are you suggestions?
I think the more people got coin the more fun it gets, as they tell their friends. Look at Tensent QQ coins - at some stage they were so popular gov banned them. Huge user base and stable exchange rate. Stable exchange rate comes from many independent parties buying and selling goods and services as opposed to hoarding
Also stable exchange rate makes hoarding unprofitable. There are many ways to make rate more less stable. Intoduction of GPUs, asics and so on makes rate fluctuate alot. If its CPU only ok cpu also advance yet its simpler.