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Author Topic: [ANN] HazardCoin, a unique scrypt based coin based on time  (Read 4750 times)
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Hazard
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May 14, 2013, 04:27:44 AM
 #1

Name is a placeholder and will be changed before the final release

Preliminary HazardCoin features:

Retarget every 6 hours
5 minute block target time

^ Both largely irrelevant because... Block reward will be based on the amount of time passed since last block found. This unique mechanism will set it apart from all other altcoins, and also accomplishes the following:

* Make premining and instamining impossible
* Keep a steady and predictable coin generation rate
* DDOSing pools to decrease difficulty will accomplish absolutely nothing
* Discourage pool/coin hopping
* Provide incentive to continue mining even when network hash rate goes down (i.e. feathercoin)

The biggest place other altcoins have failed is in how they have been released. To ensure the smoothest launch possible:

* Release date will be announced at least 24 hours in advance.
* Password protected zip files containing the binaries will be posted 30 mins before release.
* By design, the coin will be impossible to premine or instamine


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Devianttwo
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May 14, 2013, 04:28:39 AM
 #2

I will be creating the first pool for this server @ http://hzc.hackshardgaming.net As soon as it is ready.
zhaojundong
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May 14, 2013, 04:29:10 AM
 #3

oh ......

so ....
jonptl
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May 14, 2013, 04:29:20 AM
 #4

Third!

LottoCoin - LOT - the coin that's a game! lottocoin.org

BTC :  1CAHym5P2utWXkZPNbKzGpbRHXKUNwsZmK
rosefox911
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May 14, 2013, 04:29:52 AM
 #5

Don't call it hazard coins please. xP
Devianttwo
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May 14, 2013, 04:30:23 AM
 #6

Don't call it hazard coins please. xP

Rename it to HackShardCoin. whatchall think?
barwizi
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May 14, 2013, 04:30:27 AM
 #7

put me on dev team, i am sure i can contribute something totally useless to this project.
TheSwede75
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May 14, 2013, 04:30:45 AM
 #8

Oh dear sweet moses. Let this be a joke. . .
vonross2012
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May 14, 2013, 04:31:03 AM
 #9

Bad name. Peaple want saftey in their currency. Please don't name it this.
dooferorg
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May 14, 2013, 04:31:08 AM
 #10

Preliminary HazardCoin features (name is a placeholder and will be changed before the final release):

Retarget every 6 hours
5 minute block target time

^ Both largely irrelevant because... Block reward will be based on the amount of time passed since last block found. This unique mechanism will set it apart from all other altcoins, and also accomplishes the following:


So... just how big is the reward for the first block? .. the number of seconds since Jan 1 1970? :>

BTC: 1dooferoD3vnwgez3Jo1E4bFfgMf81LR2
ZEC: t1gnToN2HZW4GD52kofEVdijhRijWjCNfYi
joehop67
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May 14, 2013, 04:31:12 AM
 #11

I personally like the name Hazardcoin... sort of a sick irony behind it.

1KmVXSbnjwtvxXKLGyD145CWJzZs6afkxL
sidelsky18
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May 14, 2013, 04:31:34 AM
 #12

Timecoin, do it.
dooferorg
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May 14, 2013, 04:32:01 AM
 #13

Bad name. Peaple want saftey in their currency. Please don't name it this.

I'll just be over here thinking of Daisy Duke ... heck, 'Duke Coin' or 'Daisy Coin' would be better ..

BTC: 1dooferoD3vnwgez3Jo1E4bFfgMf81LR2
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richgene
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May 14, 2013, 04:32:50 AM
 #14

WHYcoin?

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May 14, 2013, 04:33:08 AM
 #15

So... just how big is the reward for the first block? .. the number of seconds since Jan 1 1970? :>
Block reward for the first 5 blocks (including the genesis block) will be set to zero.

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May 14, 2013, 04:34:06 AM
 #16

WHYcoin?

Hmm, how about WTFcoin
Devianttwo
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May 14, 2013, 04:34:37 AM
 #17


HackShardCoin or bust.
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May 14, 2013, 04:37:44 AM
 #18

I like the idea, put some thought into it, anounce it a week early and your coin may be a player



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thaile4ever
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May 14, 2013, 04:42:59 AM
 #19

How many total coins and over what period of time, since this will affect what the block rewards are.

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May 14, 2013, 04:43:04 AM
 #20


Stop it

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