Ukigo (OP)
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April 22, 2013, 04:22:04 PM
Last edit: November 30, 2018, 05:07:25 AM by Ukigo |
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Hi !
Here we'll post about TrueCoin proposal.
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The grue lurks in the darkest places of the earth. Its favorite diet is adventurers, but its insatiable appetite is tempered by its fear of light. No grue has ever been seen by the light of day, and few have survived its fearsome jaws to tell the tale.
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psybits
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April 22, 2013, 04:23:20 PM |
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Watching
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Remember remember the 5th of November
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Reverse engineer from time to time
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April 22, 2013, 04:23:24 PM |
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I like that you will use new algo. How will difficulty be calculated?
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BTC:1AiCRMxgf1ptVQwx6hDuKMu4f7F27QmJC2
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chris200x9
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April 22, 2013, 04:33:46 PM |
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interested, I've been wanting to do / see something like this, a small amount of inflation is a NECESSITY for a currency IMO.
PM me if I can help in anyway.
Also I'd go with like +1% inflation, I agree pretty much with other alt coins that inflation is "bad" but I also see it as necessary so I'd try to go as small as possible (within reason not like +0.0000001% or something crazy).
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Cheshyr
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April 22, 2013, 04:44:11 PM |
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I'll watch this. A couple of ideas here mesh up with things I want to try out... CPU mining, Premine used to facilitate early functionality such as faucets and the like.
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Storan
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April 22, 2013, 05:06:17 PM |
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I like that you will use new algo. How will difficulty be calculated?
just about. each difficulty * 10 ---> reward +10coin |
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Storan
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April 22, 2013, 05:22:52 PM |
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interested, I've been wanting to do / see something like this, a small amount of inflation is a NECESSITY for a currency IMO.
PM me if I can help in anyway.
Also I'd go with like +1% inflation, I agree pretty much with other alt coins that inflation is "bad" but I also see it as necessary so I'd try to go as small as possible (within reason not like +0.0000001% or something crazy).
Please, see this topic: https://bitcointalk.org/index.php?topic=130619.0Bitcoin will receive a 1% inflation the year 2025. This is quite small value. |
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phrozenspite
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April 22, 2013, 06:07:59 PM |
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Why not include the proof of stake, that was considered to be a very good idea.
And I'd shy away from premining since that(right or wrong) has tarnished the reputation of many coins.
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don giovanni
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April 22, 2013, 06:09:39 PM |
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Why not include the proof of stake, that was considered to be a very good idea.
And I'd shy away from premining since that(right or wrong) has tarnished the reputation of many coins.
Proof of stake requires centralization, which is against bitcoins design philosophy. |
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Sunny King
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April 22, 2013, 06:22:20 PM |
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Proof of stake requires centralization, which is against bitcoins design philosophy.
Not exactly accurate, ppcoin's central checkpointing would become advisory-only by default in the future, as an emergency recourse for the users. I would say the level of decentralization would become effectively similar to bitcoin. |
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tacotime
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April 22, 2013, 06:27:24 PM |
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There are already FPGA implementations of both SKEIN-256 and BlueMidnightWish-512, they both run fairly fast. A GPU implementation would be trivial. I'm working on a more FPGA/ASIC proof hash algorithm for MC2, you can use that when I'm done with it if you want. |
XMR: 44GBHzv6ZyQdJkjqZje6KLZ3xSyN1hBSFAnLP6EAqJtCRVzMzZmeXTC2AHKDS9aEDTRKmo6a6o9r9j86pYfhCWDkKjbtcns |
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mrSprinkles
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April 22, 2013, 06:30:15 PM |
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Premining isnt a good idea imo, most westerners have stayed away from novacoin for that very reason. Is this simply so the drvelopers have a greater chance of profiting. And what makes you think some forum members are morw deserving of receiving priproty?
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Praxis
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April 22, 2013, 06:39:53 PM |
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(3) There will be some premine,
distributed for free to good
forum members only.
I advise against this ... Even though the premine is for a "good purpose", people would still hate it. How do you define "good forum member"? Many will resent you for not falling into that special category. It's better to not touch politics and not to try to buy old forum members, just don't do any premine at all. |
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tobobit
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April 22, 2013, 06:44:48 PM |
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(3) There will be some premine,
distributed for free to good
forum members only.
how about the name "premine coin", so everyone knows not to waste their time. |
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Buffer Overflow
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April 22, 2013, 06:45:57 PM |
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(3) There will be some premine,
distributed for free to good
forum members only.
Oh dear. Epic fail. Avoid. |
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Buffer Overflow
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April 22, 2013, 07:13:17 PM |
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We'll DISTRIBUTE 90+% of the premined coins
for free !
Only 90%? What happens to the other 10%? No premining and they get distributed automatically anyway. |
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Praxis
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April 22, 2013, 07:27:22 PM |
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@ALL complaining about premine... Premine is GOOD (almost as good as greed !) We'll DISTRIBUTE 90+% of the premined coins for free ! You do like free lunch, or don't you ?! Just enjoy coins' windfall !  Also , please we'll broke that pattern of yours, (THIS IS INFLATIONARY COIN), so, nothing to hoard... Spend TC as fast as you can ! ----- About "good" and "evil" members... Trolls are NOT good members... Thought your project was promising until you made this post. |
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Buffer Overflow
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April 22, 2013, 07:38:35 PM |
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You do like free lunch, or don't you ?! Just enjoy coins' windfall ! There is no free lunch !
This going from bad to worse.  |
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chris200x9
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April 22, 2013, 07:39:37 PM |
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@ALL complaining about premine... Premine is GOOD (almost as good as greed !) We'll DISTRIBUTE 90+% of the premined coins for free ! You do like free lunch, or don't you ?! Just enjoy coins' windfall ! Also , please we'll broke that pattern of yours, (THIS IS INFLATIONARY COIN), so, nothing to hoard... Spend TC as fast as you can ! ----- About "good" and "evil" members... Trolls are NOT good members... Thought your project was promising until you made this post. +1 |
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dblink
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April 22, 2013, 07:48:15 PM |
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Everything about this sounds interesting, but the second you premine any coins, you will lose credibility, and ruin the economic chances of the coin.
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