Looking to start a evenly Distributed Cryptocurrency based on 4.3 Billion Daily Free coins, this will quickly become a small part of total available supply. Early adopters will get bigger rewards but not unfair number of coins compared to late-adopters. The coin will provide a truly valuable, new naming system based on sha-256 hashes. For more details post here or PM me.
When you give everyone something for free, it has no value at all. I see no point in it. There is already similiar project (or was) namecoin.
Its naming system for websites.
Thanks are given out for free yet many parents and community members still value the words. If we used water as a currency it would still have some value despite being given to everyone for free as rain. A currency has to have liquidity and has to not disadvantage either party when being traded for. The problem with any cryptocurrency that has decreasing miner rewards, which sadly is about all of them, is that the early adopters (less than .001% of worlds's population controls the majority of a currency that is meant to work for 7.5 billion people.
Look at this quote "I mined about 200btc with a pentium 4 pc in a couple of days"
Okay so person 1 starts mining bitcoin in it's infancy and gets hundreds of bitcoins with a average cpu in a few days. Real world investment $0.00 - $0.06 depending on electricity costs.
Person 2 wants to buy 200 bitcoins today since cpu mining is impossible. Real world investment $753,002
If You don't see a problem here you don't understand economics. The currency has to cost the same amount per unit throughout the entire bell curve of adoption. You don't want a central authority to take someone dollars and be able to create digital dollars, and then reverse the process when someone wants to cash out, while this is actually not a bad idea fine let's move on to decentralized approach.
My Idea:
4,294,967,296 (VC) are issued to all IPV4 addresses evenly and on a regular time basis, 1 per day or week or possibly year (not recommended)
Not perfect distribution but a hell of a lot more fair then the systems you guys have been using.
The coins serve as a sort of value exchange. Despite that no one paid anything for them there is a cost to redeem them, the network must operate and operate fairly. In this was it's like anti-mining, instead of mining for the privilege of redeeming coins you mine for the privilege to redeem and not have your coins stolen. Since everyone has equal income everyone has equal incentive to keep the network running.
To provide additional value every coin can register you 1 new domain for life in the new system. Instead of a domain being something.tld it would be anything. Everything be it a text search or a picture of a frog would be sha-256 hash and then your browser would search if a record existed for that hash, and go to that domain, ip or magnet link. Pretty simple, everyone get's a limited number of free coins, you spend coins to register websites, or trade them as currency. Holding them for wealth is also possible once massive inflation dies out after first few months.
Inflation would start at 33,000% annual on day one and shrink to 1% annual by years end if distributed at 1 CV per IP per day, do the math.
