New Cryptographic Currency

[fl0wd3v]

I wanted to put this out there, instead of just plonking up an OP for another new coin.

I am an experienced developer, love for crypto and thinking about launching a coin. I want it to be as fair as possible with input and help from the community(I am one person). I have some numbers drawn up for rewards which I believe to be steady and fair for people involved in the coin.

I want to develop this for a period of 2 years minimum with the hope that people in the community will help in terms of support, development, marketing and promotion and simple suggestions.

Too many coins have a corporate image and are no longer for the people, let's change that.

My Skills: Programming/Graphic Design/Web Design/B2B Sales
My Age: Mid 30's
My Location: Europe

Here are my initial numbers for rewards based on a 128 second block time:

https://i.imgur.com/7Dh2u4w.png <--- Same info as below but an image from Excel with graphs etc.

Year	Blocks	Reward		Production			Cumulative	Inflation				Masternode
		PoW	Masternode	PoW	Masternode	Total		PoW	Masternode	Total		nCount @10%,ROI
												500
												10%
0	-					475,000	475,000	N/A	N/A	N/A
1	246,544	10	1	2,465,438	246,544	2,711,981	3,186,981	519.0%	51.9%	570.9%		4,931
2	493,088	10	1	2,465,438	246,544	2,711,981	5,898,963	77.4%	7.7%	85.1%		4,931
3	739,631	9	2	2,218,894	493,088	2,711,981	8,610,944	37.6%	8.4%	46.0%		9,862
4	986,175	9	2	2,218,894	493,088	2,711,981	11,322,925	25.8%	5.7%	31.5%		9,862
5	1,232,719	8	3	1,972,350	739,631	2,711,981	14,034,906	17.4%	6.5%	24.0%		14,793
6	1,479,263	8	3	1,972,350	739,631	2,711,981	16,746,888	14.1%	5.3%	19.3%		14,793
7	1,725,806	7	4	1,725,806	986,175	2,711,981	19,458,869	10.3%	5.9%	16.2%		19,724
8	1,972,350	7	4	1,725,806	986,175	2,711,981	22,170,850	8.9%	5.1%	13.9%		19,724
9	2,218,894	6	5	1,479,263	1,232,719	2,711,981	24,882,831	6.7%	5.6%	12.2%		24,654
10	2,465,438	6	5	1,479,263	1,232,719	2,711,981	27,594,813	5.9%	5.0%	10.9%		24,654
11	2,711,981	5	6	1,232,719	1,479,263	2,711,981	30,306,794	4.5%	5.4%	9.8%		29,585
12	2,958,525	5	6	1,232,719	1,479,263	2,711,981	33,018,775	4.1%	4.9%	8.9%		29,585
13	3,205,069	4	7	986,175	1,725,806	2,711,981	35,730,756	3.0%	5.2%	8.2%		34,516
14	3,451,613	4	7	986,175	1,725,806	2,711,981	38,442,738	2.8%	4.8%	7.6%		34,516
15	3,698,156	3	8	739,631	1,972,350	2,711,981	41,154,719	1.9%	5.1%	7.1%		39,447
16	3,944,700	3	8	739,631	1,972,350	2,711,981	43,866,700	1.8%	4.8%	6.6%		39,447
17	4,191,244	2	9	493,088	2,218,894	2,711,981	46,578,681	1.1%	5.1%	6.2%		44,378
18	4,437,788	2	9	493,088	2,218,894	2,711,981	49,290,663	1.1%	4.8%	5.8%		44,378
19	4,684,331	1	10	246,544	2,465,438	2,711,981	52,002,644	0.5%	5.0%	5.5%		49,309
20	4,930,875	1	10	246,544	2,465,438	2,711,981	54,714,625	0.5%	4.7%	5.2%		49,309
21	5,177,419	1	10	246,544	2,465,438	2,711,981	57,426,606	0.5%	4.5%	5.0%		49,309
22	5,423,963	1	10	246,544	2,465,438	2,711,981	60,138,588	0.4%	4.3%	4.7%		49,309
23	5,670,506	1	10	246,544	2,465,438	2,711,981	62,850,569	0.4%	4.1%	4.5%		49,309
24	5,917,050	1	10	246,544	2,465,438	2,711,981	65,562,550	0.4%	3.9%	4.3%		49,309
25	6,163,594	1	10	246,544	2,465,438	2,711,981	68,274,531	0.4%	3.8%	4.1%		49,309
26	6,410,138	1	10	246,544	2,465,438	2,711,981	70,986,513	0.4%	3.6%	4.0%		49,309
27	6,656,681	1	10	246,544	2,465,438	2,711,981	73,698,494	0.3%	3.5%	3.8%		49,309
28	6,903,225	1	10	246,544	2,465,438	2,711,981	76,410,475	0.3%	3.3%	3.7%		49,309
29	7,149,769	1	10	246,544	2,465,438	2,711,981	79,122,456	0.3%	3.2%	3.5%		49,309
30	7,396,313	1	10	246,544	2,465,438	2,711,981	81,834,438	0.3%	3.1%	3.4%		49,309
31	7,642,856	1	10	246,544	2,465,438	2,711,981	84,546,419	0.3%	3.0%	3.3%		49,309
32	7,889,400	1	10	246,544	2,465,438	2,711,981	87,258,400	0.3%	2.9%	3.2%		49,309
33	8,135,944	1	10	246,544	2,465,438	2,711,981	89,970,381	0.3%	2.8%	3.1%		49,309
34	8,382,488	1	10	246,544	2,465,438	2,711,981	92,682,363	0.3%	2.7%	3.0%		49,309
35	8,629,031	1	10	210,694	2,106,943	2,317,638	95,000,000	0.2%	2.3%	2.5%		42,139

This reward structure is based upon my belief that that there will be more miners than Masternodes to begin with and over time the incentive must switch to maintain ROI as the Masternode numbers increase.

I am thinking of forking Dash but removing the budgeting block and proposal system. I do not like the idea of someone with a lot of Masternodes manipulating the vote to attain the budgeting blocks. By removing the proposal/vote/budget system from Dash, we completely circumvent that issue.

CPU mineable? CPU/GPU mineable? Just GPU? Multi-Algo? - I am thinking CPU mining to start with and taking a mining progression path similar to Bitcoins, or do people disagree with the path of Bitcoin?

What are peoples thoughts overall?

EDIT: Oh and I based my numbers off of Masternode collateral costing 500.

[SigmaDev]

Hi, very interested, also what would be your take on general staking? Would you run this as ONLY PoW and masternodes or will you have general wallet staking implemented? From what i have read i presume that you have decided that it would only be masternode staking. Do you believe that the future of the coin could be jeopardized by a " only pow/masternode setup" were only early adopters or wealthy investers would remain the majority?

[fl0wd3v]

Hi, very interested, also what would be your take on general staking? Would you run this as ONLY PoW and masternodes or will you have general wallet staking implemented? From what i have read i presume that you have decided that it would only be masternode staking. Do you believe that the future of the coin could be jeopardized by a " only pow/masternode setup" were only early adopters or wealthy investers would remain the majority?

I am not personally a fan of PoS as this requires inputs to be unlocked the whole time whilst staking, which exposes the private keys, also, securing the Masternodes with PoS hashes is very much a bad idea. I think the reward structure I have laid out secures ROI and secures both miners and Masternode operators at different stages throughtout the lifecycle of coin production(~35 years).

[SigmaDev]

Ofcourse, i totally forgot that private keys are unlocked while staking, my apologize, and i am a massive fan of maximum privacy, i really think this layout is incredible with a very well designed total supply.

And will this be done off x11? Or will that be changed around iswell.

[fl0wd3v]

Ofcourse, i totally forgot that private keys are unlocked while staking, my apologize, and i am a massive fan of maximum privacy, i really think this layout is incredible with a very well designed total supply.

And will this be done off x11? Or will that be changed around iswell.

I was looking at varied algorithms which are CPU based, but that was based upon a Bitcoin progression path.

It can stay as x11, but personally, I like the look of SHA3, Argon2d and a few others.

Which algorithms would you say are a good option?

EDIT: The mining algorithm chosen also depends on the progression path we want in terms of mining hardware.

[fl0wd3v]

Name Idea: Flow(FLW)

Icon/Logo Idea: https://i.imgur.com/ECuqPa8.png

Same logo as my GitHub: https://github.com/fl0wd3v

EDIT: This is just an idea I am throwing out there and I am more than willing to hear suggestions and see other logo options as well as names.

[andrew2k]

Name Idea: Flow(FLW)

Icon/Logo Idea:

Same logo as my GitHub: https://github.com/fl0wd3v

EDIT: This is just an idea I am throwing out there and I am more than willing to hear suggestions and see other logo options as well as names.

The logo seems a tad bit too simple in my opinion and it lacks creativity (sorry if it sounds insulting). Let's not brand it yet, why not take some more input form the community, give it a little more time maybe you'll come up with other ideas.

People around here tend to start branding coins too early.

[fl0wd3v]

Name Idea: Flow(FLW)

Icon/Logo Idea: https://i.imgur.com/ECuqPa8.png

Same logo as my GitHub: https://github.com/fl0wd3v

EDIT: This is just an idea I am throwing out there and I am more than willing to hear suggestions and see other logo options as well as names.

The logo seems a tad bit too simple in my opinion and it lacks creativity (sorry if it sounds insulting). Let's not brand it yet, why not take some more input form the community, give it a little more time maybe you'll come up with other ideas.

People around here tend to start branding coins too early.

For sure, I slapped that logo up in 5 minutes . Just a rough initial draft of an idea in my mind.

Also, I want to hear ideas and input, maybe the graphic and name might spark some inspiration.

[Seville]

doesnt seem to improve in exiting tech or new ideas but worth a shot.. Go with the FLOW, try to avoid FOMO

[g___]

The logo seems a tad bit too simple in my opinion and it lacks creativity (sorry if it sounds insulting)

simplicity is the essence of brand identity.

[fl0wd3v]

The logo seems a tad bit too simple in my opinion and it lacks creativity (sorry if it sounds insulting)

simplicity is the essence of brand identity.

This I agree with, but the last comment is correct in the fact I slapped that together in 5 minutes and it certainly can be improved upon, both in idea and delivery.

[KingScorpio]

I try to help with my point of view now:

u have to stop iussing more and more new different cryptocurrencies and tokens u might use cryptology to limit its access, but in the end each  successful currency resembles a social idea and a social goals, what u could do successfully is issuing a new fiat crypto currency with a banking licensing community. that might have success i am trying this right now i named it the GodCoin u have to build a banker community. or else the current banking elites which will continue to centralising the economies attention on themselves and their glass palaces in the financial citycentres and prevent investments for others, that is the reasons cryptocurrency work in the first place its the hatred and frustration with the banking elites and their fear that they will get smashed and replaced, the bankers then print money and hedge. and that is what hasput bitcoin to 2000 dollar, if u want to earn money u have to unify under one currency and collect bankers build a bank licensing system and force the current financial gods who use their licsinsing scam to force others into their debtslavery to share the economy attention with you.


make this currency with a hostile message like this currency does not accept other currencies next to it
and u will have people wanting and working it

and u give all those the chance to change their current cryptocurrency for the one truly one which would be ours.

i would use the all seeing eye as a symbol for it

http://www.directupload.net/file/d/4733/fbdob6qx_jpg.htm

only such a currency has the ability to grow in value destroy the cryptochaos and put the current godlike banking elites into fear which will lead them to 3 choices either sharing the economies attention with your, fighting you (with police, lawyers and other salary slaves or they will simply try to buy your currency like they do with bitcoin in order to hedge for themselves.)


regards

[fl0wd3v]

doesnt seem to improve in exiting tech or new ideas but worth a shot.. Go with the FLOW, try to avoid FOMO

With community involvement and developers also getting involved, anything can be implemented.

[enervey]

What would be this coin's unique advantage in comparison to many other coins that claim to be "steady" and "fair", etc?

[fl0wd3v]

What would be this coin's unique advantage in comparison to many other coins that claim to be "steady" and "fair", etc?

Well, the difference is that this coin hasn't even been developed yet and with the involvement here and suggestions made, we can make a coin for everyone.

[KingScorpio]

What would be this coin's unique advantage in comparison to many other coins that claim to be "steady" and "fair", etc?

Well, the difference is that this coin hasn't even been developed yet and with the involvement here and suggestions made, we can make a coin for everyone.

read my comment on the political view and situation then

[fl0wd3v]

What would be this coin's unique advantage in comparison to many other coins that claim to be "steady" and "fair", etc?

Well, the difference is that this coin hasn't even been developed yet and with the involvement here and suggestions made, we can make a coin for everyone.

read my comment on the political view and situation then

I did, it makes perfect sense and I agree completely. So lets all work together in this thread on this

If people have ideas they want to share with me that they don't want to put in the thread yet, just drop me a PM.

[KingScorpio]

What would be this coin's unique advantage in comparison to many other coins that claim to be "steady" and "fair", etc?

Well, the difference is that this coin hasn't even been developed yet and with the involvement here and suggestions made, we can make a coin for everyone.

read my comment on the political view and situation then

I did, it makes perfect sense and I agree completely. So lets all work together in this thread on this

If people have ideas they want to share with me that they don't want to put in the thread yet, just drop me a PM.

1. Give it a token that is serious and puts others Cryptocurrency into shadow. like the GodsCoin's all seeing eye
2. Build a Banker Community arround it with social Goals and a Clear Codex. And a licensing system.
3. Diversityhostile agenda in order to move other cryptocurrencies out of the social attention.

all owners of Cryptocurrencies can change to the GodCoin, People need to think that they can join the GodCoins Banking system.
this cryptocurrencies has as part of the Codex to use the best current cryptologic and social codex system
this cryptocurrency is open for new bankers, this cryptocurrency will replace as many other tokens as possible.

now a community of bankers needs to be build who will dennounce the diverse trash bin of other cryptocurrencies they have for a new single token one.

only this way a new cryptocurrency will rise in attention and receive market value

regards

[fl0wd3v]

What would be this coin's unique advantage in comparison to many other coins that claim to be "steady" and "fair", etc?

Well, the difference is that this coin hasn't even been developed yet and with the involvement here and suggestions made, we can make a coin for everyone.

read my comment on the political view and situation then

I did, it makes perfect sense and I agree completely. So lets all work together in this thread on this

If people have ideas they want to share with me that they don't want to put in the thread yet, just drop me a PM.

1. Give it a token that is serious and puts others Cryptocurrency into shadow. like the GodsCoin's all seeing eye
2. Build a Banker Community arround it with social Goals and a Clear Codex. And a licensing system.
3. Diversityhostile agenda in order to move other cryptocurrencies out of the social attention.

all owners of Cryptocurrencies can change to the GodCoin, People need to think that they can join the GodCoins Banking system.
this cryptocurrencies has as part of the Codex to use the best current cryptologic and social codex system
this cryptocurrency is open for new bankers, this cryptocurrency will replace as many other tokens as possible.

now a community of bankers needs to be build who will dennounce the diverse trash bin of other cryptocurrencies they have for a new one.

regards

So, in layman's terms, what are you suggesting and how would you suggest going about it. I understand what your saying in principal and it makes sense to clear the fog.

[KingScorpio]

What would be this coin's unique advantage in comparison to many other coins that claim to be "steady" and "fair", etc?

Well, the difference is that this coin hasn't even been developed yet and with the involvement here and suggestions made, we can make a coin for everyone.

read my comment on the political view and situation then

I did, it makes perfect sense and I agree completely. So lets all work together in this thread on this

If people have ideas they want to share with me that they don't want to put in the thread yet, just drop me a PM.

1. Give it a token that is serious and puts others Cryptocurrency into shadow. like the GodsCoin's all seeing eye
2. Build a Banker Community arround it with social Goals and a Clear Codex. And a licensing system.
3. Diversityhostile agenda in order to move other cryptocurrencies out of the social attention.

all owners of Cryptocurrencies can change to the GodCoin, People need to think that they can join the GodCoins Banking system.
this cryptocurrencies has as part of the Codex to use the best current cryptologic and social codex system
this cryptocurrency is open for new bankers, this cryptocurrency will replace as many other tokens as possible.

now a community of bankers needs to be build who will dennounce the diverse trash bin of other cryptocurrencies they have for a new one.

regards

So, in layman's terms, what are you suggesting and how would you suggest going about it. I understand what your saying in principal and it makes sense to clear the fog.

u need to think historically how did the euro replace all other european currencies, first the euro was inclusive all bankers in italy and germany and finnland replaced their currencies with it for a common goal less chaos in europe and more clearity, something similar needs to be done with this cryptocurrency. give those who own the different tokens the chance to switch their currency for their own benefit which is that it will rise in value because in the end there will be only the godcoin as last cryptocurrency token