Most important characteristics for launching a new coin

[BlazinBeaches]

Lets here your guy's thoughts on the most crucial requirements/details/etc of a coin that enables it's alignment for success.

[markm]

Oh that is easy. Just use the forum's search feature...

-MarkM-

[Haze]

I think having the ability to attach messages/invoices to transactions would be nice

[Caesar V]

If you need to ask how to be successful, you will never be successful.

[Barnacle_Ed]

1) Fork the Bitcoin repo
2) Change a few constants
3) TADA!!! Your own "new" scamcoin.




In all seriousness: Something that's more innovative than the above, and define a clear useful purpose for your coin.

[markm]

One approach that turned out to be extremely successful as far as making the coin valuable is concerned was standing ready to buy your coin at a certain minimum price.

The problem with that though turned out to be it was hard to find miners.

So it is now looking like maybe the important characteristics are not only to back your coin but also to making mining obsolete.

Thus for example maybe the most successful approach is going to be to wait for Ripple server code to be released then base your coin on Ripple code.

That way you can afford to back your coin (since the only way anyone is ever going to get one is if someone gave you something for it, in which case that something is in your reserves standing ready to buy it back) and the lack of miners is not a problem (since Ripple does not use mining nor need it).

-MarkM-

[kelsey]

DONT push it onto an exchange in the first few weeks!

[BlazinBeaches]

If you need to ask how to be successful, you will never be successful.

I am successful.  This thread isn't about me, it's about all of us and what you guys would like to see in a coin.

Great thoughts so far guys

[Mr.V]

Ascending payment rewards low to high so that early miners cant horde most of the coins and dump umm once they hit an exchange.