[Announce] 6-Week Alt Announcement

[theblazehen]

doestheworldneedyetanotheraltcoin

.tumblr.com

http://xkcd.com/1025/

[termhn]

I like the sound of Squarecoin. It'd be an interesting contradiction of the common concept of a physical round coin. I imagine you could come up with a cool logo that looks like a classic coin... but square. It also alludes to the unique property of the coin, which anyone with basic math comprehension can understand and appreciate.

tl;dr +1 for the name Squarecoin

Short, Simple, and doesn't have a silly feel to it. +1 from me

+1

[daytrader420]

Looking forward to this one !

Also it is NICE to see an announcement gaining momentum (and not an announcement in some place deeper/darker) , weeks before coin is released.

Gain the trust and interest of the community, and I'm sure this coin will succeed.

[MGUK]

Seems interesting.

How much dev work has been done already?

Also, do you have a fixed date for the launch?

Thanks.

[razoredge]

How about

Acoin

(anothercoin)

sounds like acorn!

[Vorksholk]

Seems interesting.

How much dev work has been done already?

Also, do you have a fixed date for the launch?

Thanks.

For dev work, it's mostly been theoretical, plotting numbers, comparing to market trends. I have started to crack on the source code, but haven't done much there.

Fixed date: nope, when its ready! I want this coin to be built from community ideas, and that might take longer than six weeks to accomplish, depending on what happens I have a tentative date for some time in Mid June . . .

[HeRetiK]

Finally an alt coin with new ideas that actually addresses issues of the current ones. Looking forward to see what you're coming up with!

[MaGNeT]

Looks good!

[Vorksholk]

Noticed a few other potential legal hurdles, looking into them. If I can't figure out a way to do this coin in the grace of US law I won't be doing it. Sorry

Idea's currently open to anyone else who wants to make it though...

[cocales]

No way Jose...

[meebs]

Noticed a few other potential legal hurdles, looking into them. If I can't figure out a way to do this coin in the grace of US law I won't be doing it. Sorry

Idea's currently open to anyone else who wants to make it though...

what kind of issues? Are they specific to the type of coin you are making.. or just altcoins in general?

[Rawted]

Fully support this. Let me know if you need anything during the development process.

[HeRetiK]

Noticed a few other potential legal hurdles, looking into them. If I can't figure out a way to do this coin in the grace of US law I won't be doing it. Sorry

What hurdles? If it's about writing the client you're just writing software. If it's about mining from a legal perspective your coin won't do anything different then bitcoin or any of the alts?

[Tobius]

Noticed a few other potential legal hurdles, looking into them. If I can't figure out a way to do this coin in the grace of US law I won't be doing it. Sorry

What hurdles? If it's about writing the client you're just writing software. If it's about mining from a legal perspective your coin won't do anything different then bitcoin or any of the alts?

Wasn't one of the biggest things from the bit coin bubble it's acceptance by US authorities? They shouldn't target an altcoin for any reason.

[Tobius]

Noticed a few other potential legal hurdles, looking into them. If I can't figure out a way to do this coin in the grace of US law I won't be doing it. Sorry

Idea's currently open to anyone else who wants to make it though...

Also could you explain these?

[Vorksholk]

Noticed a few other potential legal hurdles, looking into them. If I can't figure out a way to do this coin in the grace of US law I won't be doing it. Sorry

Idea's currently open to anyone else who wants to make it though...

Also could you explain these?

The main one simply is that it is a currency that, if you will, has an increased usage potential for money laundering. I know the other Cryptos do the same, I just don't know the legality of being the creator of such a currency . . .

[huruien]

+1

[huanghaibin]

P2Poolo

[Tobius]

Noticed a few other potential legal hurdles, looking into them. If I can't figure out a way to do this coin in the grace of US law I won't be doing it. Sorry

Idea's currently open to anyone else who wants to make it though...

Also could you explain these?

The main one simply is that it is a currency that, if you will, has an increased usage potential for money laundering. I know the other Cryptos do the same, I just don't know the legality of being the creator of such a currency . . .

Actually, I'm pretty sure it's not officially recognized as a currency atm...

[Vorksholk]

Noticed a few other potential legal hurdles, looking into them. If I can't figure out a way to do this coin in the grace of US law I won't be doing it. Sorry

Idea's currently open to anyone else who wants to make it though...

Also could you explain these?

The main one simply is that it is a currency that, if you will, has an increased usage potential for money laundering. I know the other Cryptos do the same, I just don't know the legality of being the creator of such a currency . . .

Actually, I'm pretty sure it's not officially recognized as a currency atm...

True, in that sense it would be more of a network, system, or service that allows for money laundering.