Bitcoin Forum
November 22, 2017, 06:27:17 AM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: Stupid idea?  (Read 363 times)
BullCreek
Newbie
*
Offline Offline

Activity: 26


View Profile
August 14, 2017, 01:16:20 PM
 #1

I have a weird idea for blockchain tech A coin that can only be mined by a certain zipcode, CPU mineable only, a hashrate cap per miner, no pools, with an unique ID per individual to ensure only one miner per person. I have no idea if any of this feasible Im not a developer.

If any of this were possible this could give communities with lower income a great entry into blockchain tech. Some kind of coin a whole community could mine, improve, and eventually trade on the international market.

My idea is to have like a south side Chicago coin.

Just how absolutely wrong am I?

Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1511332037
Hero Member
*
Offline Offline

Posts: 1511332037

View Profile Personal Message (Offline)

Ignore
1511332037
Reply with quote  #2

1511332037
Report to moderator
1511332037
Hero Member
*
Offline Offline

Posts: 1511332037

View Profile Personal Message (Offline)

Ignore
1511332037
Reply with quote  #2

1511332037
Report to moderator
kingcolex
Legendary
*
Offline Offline

Activity: 1302



View Profile
August 14, 2017, 01:29:52 PM
 #2

Well I think you have quite a few issues. 1.What makes you think you wouldn't just have a coin that only ~10 people are going to waste time and effort to mine.
2. Why would that coin have any value in their area? Why would they accept South Chicago coin when they have trouble having any store being in their area?
3. What stops location spoofers or remote access sellers?

I don't really get the point of making a coin for every community, they wouldn't use it. If people want to get into crypto they can, there are plenty of extremely low difficulty coins out there.

mjglqw
Sr. Member
****
Offline Offline

Activity: 406


🐉


View Profile WWW
August 14, 2017, 02:26:10 PM
 #3

I have a weird idea for blockchain tech A coin that can only be mined by a certain zipcode, CPU mineable only, a hashrate cap per miner, no pools, with an unique ID per individual to ensure only one miner per person. I have no idea if any of this feasible Im not a developer.

If any of this were possible this could give communities with lower income a great entry into blockchain tech. Some kind of coin a whole community could mine, improve, and eventually trade on the international market.

My idea is to have like a south side Chicago coin.

Just how absolutely wrong am I?

I'm not sure, but I think restricting mining via zipcode is impossible. How would you extract the zipcode information of your miners? Some internet service provider's IPs doesn't give specific geographic locations.

Ok. Let's assume all of your stated pre-requisites are feasible. Why do you think people would mine your coin? What's the technology in it? What real world problems does it solve? Huh Nothing. Just a random cryptocurrency/token that has limited mine-ability.

Xavofat
Hero Member
*****
Offline Offline

Activity: 700

Satoshi wanted "small, casual transactions".


View Profile WWW
August 14, 2017, 02:27:37 PM
 #4

with an unique ID per individual to ensure only one miner per person.
If you require a centralised ID system to consider whether people should be allowed to participate, why bother using blockchain technology at all?
If any of this were possible this could give communities with lower income a great entry into blockchain tech.
Maybe, but the money has to come from real economic value, so I don't see what advantage it would give to the people in that area.  There would still be inequalities - some people would have more efficient machines than others.
and eventually trade on the international market.
If it was traded on the international market, why would anyone outside of south side Chicago decide to buy it?

sweetdesirez
Sr. Member
****
Offline Offline

Activity: 308



View Profile
August 14, 2017, 02:31:38 PM
 #5

I have a weird idea for blockchain tech A coin that can only be mined by a certain zipcode, CPU mineable only, a hashrate cap per miner, no pools, with an unique ID per individual to ensure only one miner per person. I have no idea if any of this feasible Im not a developer.

If any of this were possible this could give communities with lower income a great entry into blockchain tech. Some kind of coin a whole community could mine, improve, and eventually trade on the international market.

My idea is to have like a south side Chicago coin.

Just how absolutely wrong am I?

Technically and theoretically all that you have visioned is possible. But what will be the value of it in practical life and at the end of the day who will be using this type of coin which is limited and centralized?
nekoico
Newbie
*
Offline Offline

Activity: 2


View Profile
August 14, 2017, 02:34:24 PM
 #6

I agree, from a technical standpoint it could be done.
MissHope
Jr. Member
*
Offline Offline

Activity: 42


View Profile
August 14, 2017, 03:06:52 PM
 #7

I have a weird idea for blockchain tech A coin that can only be mined by a certain zipcode, CPU mineable only, a hashrate cap per miner, no pools, with an unique ID per individual to ensure only one miner per person. I have no idea if any of this feasible Im not a developer.

If any of this were possible this could give communities with lower income a great entry into blockchain tech. Some kind of coin a whole community could mine, improve, and eventually trade on the international market.

My idea is to have like a south side Chicago coin.

Just how absolutely wrong am I?

Technically and theoretically all that you have visioned is possible. But what will be the value of it in practical life and at the end of the day who will be using this type of coin which is limited and centralized?

Theoretically may be, but not technically. Of course I can be wrong, but I think it could not be done
Ayers
Legendary
*
Offline Offline

Activity: 1190


★Bitvest.io★ Play Plinko or Invest!


View Profile
August 14, 2017, 03:09:26 PM
 #8

I have a weird idea for blockchain tech A coin that can only be mined by a certain zipcode, CPU mineable only, a hashrate cap per miner, no pools, with an unique ID per individual to ensure only one miner per person. I have no idea if any of this feasible Im not a developer.

If any of this were possible this could give communities with lower income a great entry into blockchain tech. Some kind of coin a whole community could mine, improve, and eventually trade on the international market.

My idea is to have like a south side Chicago coin.

Just how absolutely wrong am I?

this coin would be not secured very well, and there was an idea like that with an altcoin, called mineral, they made so that you can only one with one miner per person but in the end it did not work correctly



.
.BITVEST DICE.
HAS BEEN RELEASED!


▄████████████████████▄
██████████████████████
██████████▀▀██████████
█████████░░░░█████████
██████████▄▄██████████
███████▀▀████▀▀███████
██████░░░░██░░░░██████
███████▄▄████▄▄███████
████▀▀████▀▀████▀▀████
███░░░░██░░░░██░░░░███
████▄▄████▄▄████▄▄████
██████████████████████

▀████████████████████▀
▄████████████████████▄
██████████████████████
█████▀▀█▀▀▀▀▀▀██▀▀████
█████░░░░░░░░░░░░░████
█████░░░░░░░░░░░░▄████
█████░░▄███▄░░░░██████
█████▄▄███▀░░░░▄██████
█████████░░░░░░███████
████████░░░░░░░███████
███████░░░░░░░░███████
███████▄▄▄▄▄▄▄▄███████

██████████████████████
▀████████████████████▀
▄████████████████████▄
███████████████▀▀▀▀▀▀▀
███████████▀▀▄▄█░░░░░█
█████████▀░░█████░░░░█
███████▀░░░░░████▀░░░▀
██████░░░░░░░░▀▄▄█████
█████░▄░░░░░▄██████▀▀█
████░████▄░███████░░░░
███░█████░█████████░░█
███░░░▀█░██████████░░█
███░░░░░░████▀▀██▀░░░░
███░░░░░░███░░░░░░░░░░

██░▄▄▄▄░████▄▄██▄░░░░
████████████▀▀▀▀▀▀▀██
█████████████░█▀▀▀█░███
██████████▀▀░█▀░░░▀█░▀▀
███████▀░▄▄█░█░░░░░█░█▄
████▀░▄▄████░▀█░░░█▀░██
███░▄████▀▀░▄░▀█░█▀░▄░▀
█▀░███▀▀▀░░███░▀█▀░███░
▀░███▀░░░░░████▄░▄████░
░███▀░░░░░░░█████████░░
░███░░░░░░░░░███████░░░
███▀░██░░░░░░▀░▄▄▄░▀░░░
███░██████▄▄░▄█████▄░▄▄

██░████████░███████░█
▄████████████████████▄
████████▀▀░░░▀▀███████
███▀▀░░░░░▄▄▄░░░░▀▀▀██
██░▀▀▄▄░░░▀▀▀░░░▄▄▀▀██
██░▄▄░░▀▀▄▄░▄▄▀▀░░░░██
██░▀▀░░░░░░█░░░░░██░██
██░░░▄▄░░░░█░██░░░░░██
██░░░▀▀░░░░█░░░░░░░░██
██░░░░░▄▄░░█░░░░░██░██
██▄░░░░▀▀░░█░██░░░░░██
█████▄▄░░░░█░░░░▄▄████
█████████▄▄█▄▄████████

▀████████████████████▀




Rainbot
Daily Quests
Faucet
Emoclaw
Sr. Member
****
Online Online

Activity: 378


JOLYY - The future of beauty!


View Profile
August 14, 2017, 03:13:22 PM
 #9

I have a weird idea for blockchain tech A coin that can only be mined by a certain zipcode, CPU mineable only, a hashrate cap per miner, no pools, with an unique ID per individual to ensure only one miner per person. I have no idea if any of this feasible Im not a developer.

If any of this were possible this could give communities with lower income a great entry into blockchain tech. Some kind of coin a whole community could mine, improve, and eventually trade on the international market.

My idea is to have like a south side Chicago coin.

Just how absolutely wrong am I?

Technically and theoretically all that you have visioned is possible. But what will be the value of it in practical life and at the end of the day who will be using this type of coin which is limited and centralized?

Theoretically may be, but not technically. Of course I can be wrong, but I think it could not be done
Theoretically and technically, in this context, is the same thing. If it can be done in theory then it's also technically feasible, what exactly do you mean?

OP this idea is horrible for all the reasons everyone has outlined above, plus all the constraints you're placing are useless/needless.

            ███           ▄▄▄████████▄▄▄           ███       ▀███          ▀██▄ ▄██▀          ███▀
            ███         ▄████▀▀    ▀▀████▄         ███         ███          ▀█████           ███
            ███       ▄███▀            ▀███▄       ███          ▀██▄         ▄███▄         ▄██▀
            ███      ███▀                ▀███      ███            ███       ███▀███       ███
            ███     ███▀                  ▀███     ███             ▀██▄   ▄██▀   ▀██▄   ▄██▀
            ███     ███                    ███     ███               ███▄██▀       ▀██▄██▀
            ███     ███                    ███     ███                ▀███▀         ▀███▀
            ███     ███                    ███     ███                 ███           ███
            ███     ███▄                  ▄███     ███                 ███           ███
            ███      ███▄                ▄███      ███                 ███           ███
           ███▀       ▀███▄            ▄███▀       ▀███                ███           ███
██▄▄▄  ▄▄▄███▀          ▀████▄▄    ▄▄████▀          ▀███▄▄▄  ▄▄▄██     ███           ███
▀▀████████▀▀              ▀▀▀████████▀▀▀              ▀▀████████▀▀     ███           ███
           T H E   F U T U R E             
                       o f   B E A U T Y


 ▀█▄             ▄▄▄▄▄▄
   ▀█▄      ▄▄███▀▀▀▀
    ▄██     ▀▀▀     ▄▄▄▄
 ▄▄▄ ██         ▄     ▀▀██▄
▀█▀█▀█▀▄       █▄     ▄██▀
               ▀████████
               ▀ ▀ ▀ ▀ ▀


      ▄▄
     ▀█▀▀▀

    █▄
     ███████▀▀▀
    █▄
      ▀▀▀▀▀
kingcolex
Legendary
*
Offline Offline

Activity: 1302



View Profile
August 14, 2017, 03:47:34 PM
 #10

I have a weird idea for blockchain tech A coin that can only be mined by a certain zipcode, CPU mineable only, a hashrate cap per miner, no pools, with an unique ID per individual to ensure only one miner per person. I have no idea if any of this feasible Im not a developer.

If any of this were possible this could give communities with lower income a great entry into blockchain tech. Some kind of coin a whole community could mine, improve, and eventually trade on the international market.

My idea is to have like a south side Chicago coin.

Just how absolutely wrong am I?

this coin would be not secured very well, and there was an idea like that with an altcoin, called mineral, they made so that you can only one with one miner per person but in the end it did not work correctly
I've seen similar things where they verify via cell phone, people just spammed the free temp numbers and dumped the wallets.

godogedang
Member
**
Offline Offline

Activity: 83


View Profile
August 29, 2017, 09:59:53 PM
 #11

The dumbest idea I ever thought of was to make a kite, but not using wood, but just use paper only

karasuri
Member
**
Offline Offline

Activity: 114

Double bubble disco Queen


View Profile
August 29, 2017, 10:10:26 PM
 #12

I have a weird idea for blockchain tech A coin that can only be mined by a certain zipcode, CPU mineable only, a hashrate cap per miner, no pools, with an unique ID per individual to ensure only one miner per person. I have no idea if any of this feasible Im not a developer.

If any of this were possible this could give communities with lower income a great entry into blockchain tech. Some kind of coin a whole community could mine, improve, and eventually trade on the international market.

My idea is to have like a south side Chicago coin.

Just how absolutely wrong am I?

this coin would be not secured very well, and there was an idea like that with an altcoin, called mineral, they made so that you can only one with one miner per person but in the end it did not work correctly
I've seen similar things where they verify via cell phone, people just spammed the free temp numbers and dumped the wallets.

well all new is the old what we can't remember or how it was said? it is working with phone maybe that will too
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!