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Author Topic: [ANN] The JokeCoin Project: Not-So-Serious Altchains Galore (Update: PornCoin)  (Read 2477 times)
Barnacle_Ed (OP)
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April 21, 2013, 12:13:41 AM
 #21

Basic premise is simple: A lot of altchains turn into pre-mined pump and dump scams which harm users and the overall health of the cryptocurrency community.

The idea that altcoins "harm the health of the cryptocurrency community" is not substantiated.

Some altcoins definitely improve the overall quality of the Bitcoin project. For example, I'm a big fan of Devcoins in that they reward people who do constructive things. But I'm far more skeptical about coins with heavy premining and no real improvements over BTC...you really can't make the argument that a currency with 20% of it premined is helpful for anyone other than the creator.

This is, again, more of a "just for shits and giggles" project than a scathing criticism of all things Bitcoin - or, for that matter, altcoin.


I actually had plans to release an actual Scamcoin is the next week or two, just for kicks. There wasn't going to be anything actually scammy about it; I just wanted to try a couple ideas and didn't want people to take it too seriously. How would this tie in with your JokeCoin idea?

Excellent  Grin

I could throw you a link to the Github repo I was intending to use for the JokeCoin project and we can see about getting this (and other joke currencies) in one easily accessed location? I'll also post a blog link about it. Should enough people submit ideas, we can always throw together a basic website with information about them all, and to help simplify the submission process.


You are all delusional. The only new coin that is needed is the 'XXXcoin' or 'Porncoin' useable on Porn/XXX sites around the world. The end. Please feel free to call me a founder when you steal this idea! and PM me when the coin is up. I am going back to bed.

Partner your idea with a client that shows porn ads while mining. NOW you have a winner!
This is actually a terrifyingly good idea, especially if the ad partner paid out in the coins you were mining.

Non-sequitor...

We managed to hijack an AltCoin Hate thread into a discussion of Chuck Norris Coin (CNC).  Giving serious thought to making a terrible attempt at this.  Make it easy to find a block while solo mining, and have every Block Found message changed to a random Chuck Norris joke.  Thinking of trying to adjust difficulty based on local hash rate so you get a joke every 5 minutes.  Pretty much breaks pool mining, but who cares?  Thoughts?

edit: ok, that's actually a terrible idea for any form of longevity.  https://bitcointalk.org/index.php?topic=169204.msg1772528#msg1772528  But as ajoke coin, I guess it's not so bad.

Porncoin/XXXcoin/Pr0nC0in and CNC would all be welcome additions. Even if the former sounds like it would be all too successful  Roll Eyes
Walter Rothbard
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April 23, 2013, 06:11:16 AM
 #22

Basic premise is simple: A lot of altchains turn into pre-mined pump and dump scams which harm users and the overall health of the cryptocurrency community.

The idea that altcoins "harm the health of the cryptocurrency community" is not substantiated.

Some altcoins definitely improve the overall quality of the Bitcoin project. For example, I'm a big fan of Devcoins in that they reward people who do constructive things. But I'm far more skeptical about coins with heavy premining and no real improvements over BTC...you really can't make the argument that a currency with 20% of it premined is helpful for anyone other than the creator.

If somebody acquires a coin, they must have felt that doing so was in their best interest (helpful to them).  Nobody has been forced to acquire any coins.

Barnacle_Ed (OP)
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April 27, 2013, 12:16:12 AM
 #23

Basic premise is simple: A lot of altchains turn into pre-mined pump and dump scams which harm users and the overall health of the cryptocurrency community.

The idea that altcoins "harm the health of the cryptocurrency community" is not substantiated.

Some altcoins definitely improve the overall quality of the Bitcoin project. For example, I'm a big fan of Devcoins in that they reward people who do constructive things. But I'm far more skeptical about coins with heavy premining and no real improvements over BTC...you really can't make the argument that a currency with 20% of it premined is helpful for anyone other than the creator.

If somebody acquires a coin, they must have felt that doing so was in their best interest (helpful to them).  Nobody has been forced to acquire any coins.

No, nobody is forced to acquire coins. And yes, such allegations will eventually probably kill the currency as the free market takes hold. However, think about how demoralizing it is for new users who see their currency suddenly plummet into a valueless hole overnight due to such discoveries. That's not constructive, not friendly to crypto newcomers, and just generally does not sit well with me.



On the subject of JokeCoins though: I liked the idea of a "PornCoin" so much that it's our latest update! http://jokecoin.blogspot.com/2013/04/porncoins.html


Due to a busy week at work (and doing a few things for the ColoredCoins project in what little spare time I don't have), I regrettably still have nothing to contribute in the way of any real source code. I plan on doing this hopefully in the next few weeks. However, if anyone would care to assist with this, feel free to contact me about it Smiley
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