ThirdCoin

[Walter Rothbard]

At the next Bitcoin halving, I intend to launch a new altcoin.  The code will be near-identical to Bitcoin's, with minimal changes made to accommodate a new address prefix, new ports, new genesis block and block chain, and possibly a reasonable starting difficulty.  The genesis block will contain the hash of Bitcoin block 420000.

This will be around 2016-11-12T05:06:56Z, so I should have plenty of time to get the project started.

I'm tentatively calling this coin Thirdcoin, Bitcoin itself being "Firstcoin" and Bytecoin being "Secondcoin."  I might be interested in suggestions for new names, although I've always liked the idea of a triangular coin.

Thirdcoin will have a testnet.  Not sure when I plan to launch that.

I'm open to suggestions, or to somebody else doing the entire project.

ThirdCoin github repository is here: https://github.com/wRothbard/ThirdCoin

[1715038047]

1715038047

[1715038047]

1715038047

[Come-from-Beyond]

Reserved

[mebezac]

This will be around 2016-11-12T05:06:56Z, so I should have plenty of time to get the project started.

I give it 27 minutes from now before people start selling 1000s of these.

[furuknap]

This will be around 2016-11-12T05:06:56Z, so I should have plenty of time to get the project started.

I give it 27 minutes from now before people start selling 1000s of these.

Selling 100K @10LTC/1K.

Yes, I'm just joking.

.b

[takagari]

Do we not have enough alt coins already? 90% of which will flop

[limitless]

Reserved my post here on history page

[syn999]

2016?
wow

[Walter Rothbard]

Do we not have enough alt coins already? 90% of which will flop

Most of them will flop long before ThirdCoin is available.

[Evolekam]

If it's going to be that late, the altcurrencry will be dead.

I don't think the Bitcoin hype will continue so far down the road.

[furuknap]

Do we not have enough alt coins already? 90% of which will flop

No. Each coin contributes to the evolution of cryptocurrency, even if it is only by its utter failure to do anything. Now we know about FTC and CHN and can spot a similar idea and what makes it fail (FTC difficulty too high and never going to retarget, CHN, well...). This means that new coins may not make the same mistakes.

We're testing ways of launching ("NEW COIN NOW, QUICK MINE NOW!" to "I have this idea, and I'm going to build a coin to test it"). We've seen what launching does to pre-mines and non-premines, we've explored what it would take to build GPU-resistant SCrypt coins, we've had a ton of plain old fun.

This is evolution. They're not scams any more than fish or H1N5 are scams of biological evolution. They may survive or they may die, but they've taught us something that will strengthen cryptocurrencies as a whole.

Here are some additional thoughts:
http://coin.furuknap.net/feathercoin-theres-a-new-kid-on-the-block/

.b

[takagari]

Can I buy 100,000 now for 10 LTC?

[takagari]

Do we not have enough alt coins already? 90% of which will flop

No. Each coin contributes to the evolution of cryptocurrency, even if it is only by its utter failure to do anything. Now we know about FTC and CHN and can spot a similar idea and what makes it fail (FTC difficulty too high and never going to retarget, CHN, well...). This means that new coins may not make the same mistakes.

We're testing ways of launching ("NEW COIN NOW, QUICK MINE NOW!" to "I have this idea, and I'm going to build a coin to test it"). We've seen what launching does to pre-mines and non-premines, we've explored what it would take to build GPU-resistant SCrypt coins, we've had a ton of plain old fun.

This is evolution. They're not scams any more than fish or H1N5 are scams of biological evolution. They may survive or they may die, but they've taught us something that will strengthen cryptocurrencies as a whole.

Here are some additional thoughts:
http://coin.furuknap.net/feathercoin-theres-a-new-kid-on-the-block/

.b

So when will someone invent a way to sell and trade a universal coin which can use any currency at it's value, or a wallet, that If I wanna pay someone XX USD it'll send what ever coin's needed?

[larkstongues]

So when will someone invent a way to sell and trade a universal coin which can use any currency at it's value, or a wallet, that If I wanna pay someone XX USD it'll send what ever coin's needed?

Your description is a little bit blurry, but if get you right you want a kind of "Metacoin" that automatically selects the equivalent to XX USD for any given coin and then sends it off? This is like 20 lines of Code...

[JahPowerBit]

I'm tentatively calling this coin Thirdcoin, Bitcoin itself being "Firstcoin" and Bytecoin being "Secondcoin."  I might be interested in suggestions for new names, although I've always liked the idea of a triangular coin.

IMHO FourthCoin, because i think Namecoin was before Bytecoin..

[muddafudda]

Reserved for a ridiculous BTC bounty in years when scam is called.

[spoid]

you had me at triangular coin.

[BBQKorv]

I must say, you seem to have taken seriously the demand to annouce new coins early enough. This should be early enough. 

[maxmint]

Alright, so what's the currency abbrevation – THC? 

[Eb0la]

Wheres the binaries?  How do I mine this?!  PLZ!

[zenrog]

Can I buy 1,000,000 for 1 ltc now?