A Coin Made Especially for Miners.

[Vlad2Vlad]

Ondrata, how am I launching a crappy coin when you don't even know what it is.

Nice attitude.

And isn't this the best way to not launch crappy coins?

A) Ask the audience what they like?

B) Give minimum 3 day heads up and SHA256d to have the coin killed if it is trash?

Who has done this for this community?

I killed my CatholicCoin and OrphanCoin idea due to too many people not liking it even though plenty did and it might have survived a sneak launch or I could have forced another CrapCoin down your throats with a scrypt coin that can't be killed.

If everyone did what I'm doing, no CrapCoins would make it to exchanges.

Can you people not even recognize honesty when you see it? Maybe you all deserve to be buried under thousands of worthless coins.  In the next 24 months there's gonna be over 3,000 alt coins on the market.

My honest and open approach prevents that.  

[Vlad2Vlad]

Sounds cool.  I'll definitely follow it's release.  Good luck

Thanks.

Any preferences for a name?  How's SantaCoin?

What about making it future proof by using SHAW256 instead of scrypt.

Shaw means it may get killed easier but I don't care about that - merge mining is a huge benefit and soon even the small guy will own an ASIC.

Therefore, I think SHAW256 is the best way to go as far as you, the miners, are concerned.  If this coin was for me I'd so Scrypt to prevent any chance of anyone killing it with a 51% attack.

[Zas]

Oh man... you are asking indirectly why people hate crappy coins and then you want to create another one.

Here is why people hate them:
- most of them add 0 new value (thats 99% of coins) - people think forking litecoin plus changing constants in code makes new coin with added value - that is false of course
- most of people creating new coin think (as you do), that main purpose of coin is mining - that is false too of course; main purpose (if we don't take experimenting with cryptography as main purpose) is safe transaction of value from one user to another user - serious coins are not made to make any subject rich (neither devs, miners or scammers)
- many of devs care more about coin name than about it's "guts"
- lot of devs don't understand the fundamentals of coins

I mean no offense versus you, but please don't step to same river again - lot of people are already drowning in this river.
You think you have something revolutionary - but as DeathAndTaxes said - that thought is flawed - you can't know how many real users do you have. There were attemps to make benefit for small miners like in YAC (at least i think that was the coin name - coin minable by cpu only), but every coin has two sides - so it opened doors for botnets.

Like i said i mean no offense. But please don't make another crappy coin and instead of it use your time and power for making service for any already stable coin like BTC, LTC, FTC - and we will all profit

Coins that the rest of us can't even take part in because we don't have $50,000 rigs.... why should we bother with coins that are there for the rich and powerful only?

If you can't get enough people on board your coin is doomed to fail from the start. The purpose of money is not "the safe transaction of value" although that is one of its aims. It is in fact the "Efficient transfer of value" which is a different thing all together. What's efficient about only being able to trade with three other people because they're the only ones willing to take part in xCoin market because its so difficult to get in to or to get coin in order to trade? The value might oscillate a lot with unsafe transfer of values (such as Bitcoin at the moment as it's still a new currency) but at least there are a lot more people to trade with because more people can get a hold of a few coins in order to pass around or trade with.  

[Damnsammit]

Any preferences for a name?  How's SantaCoin?

It's for miners, why not something to go with that?

RockCoin (ROK)
StoneCoin (STN)
AxeCoin (AXE)
PickCoin (PIK)

[Zas]

FrackingCoin >.> <.<; (Maybe I need to lay off the ideas on how to kill the coin before it starts XD)

[fluffypony]

I'm chuckling every time I see him say "SHAW256" instead of "sha256d".

SHAWty got low?

[Vlad2Vlad]

I'm chuckling every time I see him say "SHAW256" instead of "sha256d".

Thanks for the correction.  I know nothing about programming and I'm new to alt coins.

[Vlad2Vlad]

I'd be interested in hearing more about this... going to call it the MarxistCoin?

I guarantee even the biggest miners will not think this is a commie coin.

[Vlad2Vlad]

FrackingCoin >.> <.<; (Maybe I need to lay off the ideas on how to kill the coin before it starts XD)

Isn't the democratic process putting ideas up for a populous vote before implementation?  Why is inviting coin killers any different.

I think these attackers serve an important service.  They're the white blood cells in this crypto body - killing off all unwanted foreign entrants.  More power to the hackers - kill all CrapCoins.

[Zas]

... you're officially weird.

But I like weird so where do I sign up? For me this will be a coin to watch

[Vlad2Vlad]

... you're officially weird.

But I like weird so where do I sign up? For me this will be a coin to watch

Amin brother.

And I'm not weird, this idea is weird cause I officially don't give a damn about the status quo, and that's a rare stance to see which is why this sounds weird.  I always functioned in the "I don't give a damn about popular opinion" world and in general I suffered for it.

But in this case the popular thing is the good, right thing.  

This is a rare and wonderful thing.  

How about MineLifeCoin?  This coin is for the masses, the miners(MINE) with the scope of improving the mining capacity and thus the life (hence: MineLifeCoin) of those that need it most.

[Zas]

Long and complicated!

[Vlad2Vlad]

The 2 guys building coins for people, are they both on vacation?  I PM'd them both yesterday and nothing.

What, they don't want my money?  I won't to run this by a programmer but don't know who to trust.

[Vlad2Vlad]

Long and complicated!

Ok.

Let's brainstorm this mofo. The name should ideally come from here not me.

[Vivisector999]

If your wanting a coin to be for small miners, the best bet is to go Scrypt.  ASIC miners own the BTC mining.  You're not going to be catering to small miner with SHA256d.  The small miners have all but moved over to Scrypt.

Yeah I don't really think Santa Coin has the right ring.  But since it's a coin for the miners, I suggest the name of something valuable like Titanium Coin, Platinum Coin, Lithium Coin, Plutonium Coin, ect.  Black Diamond sounds pretty cool as well.

As odd as it seems, from following your posts for the last week or so, you have my interest to at the very least watch to see what your going to attempt to try with your coins.  The 1% is alot better as well.  But I will say if your going to try to implement something totally new, like a script that gives more to the smaller miners, that will end up costing you a bit of money, as that will take more programming know-how.  Who knows I will probably even join onboard if it's a scrypt based coin.  If it's SHA-256d, count me out.

[Zas]

I'm not entirely sure why everyone is fixated on having 'coin' on the end but never mind.

The best names are short, sweet and to the point. Nike, Dollar, Google. These still look pretty much modern and up to date, Microsoft, Deutschemark, Adidas by comparison sound old and decrepit. Simple and vague unites while precise and long divides. (I'm not good at being simple).

I mean, I'm still going with BlackDiamond even though I appreciate it's long and has all the same problems, I just happen to think it sounds cooler and conjures up better images of something undiscovered yet really valuable to people.

We need a vote on Scrypt or SHA....

[Vivisector999]

Lol, you're right, I think it comes from the 2 major currencies being called Coins, so it just feels proper to call the currency a coin.  Lol, my main Alt after LTC is Bottlecaps, which has no mention of coin involved, and it feels natural, so I agree maybe dropping the coin name will help make it feel more original then following the norm and adding Coin to the end.

Maybe the name could simply be "Dynamite" or maybe "Nuggets"

[Zas]

I like Nuggets! =D They remind me of chicken...mmmm chicken.

[Vlad2Vlad]

As odd as it seems, from following your posts for the last week or so, you have my interest to at the very least watch to see what your going to attempt to try with your coins.  The 1% is alot better as well.  But I will say if your going to try to implement something totally new, like a script that gives more to the smaller miners, that will end up costing you a bit of money, as that will take more programming know-how.  Who knows I will probably even join onboard if it's a scrypt based coin.  If it's SHA-256d, count me out.

Ok, but this coin is meant to help level the playing field.  And I tried mining LTC with a $1,700 dual 7850 GPU and I was barely covering electricity.

So clearly, any new guy without tons of money or the small miner who can't get that brake is nose screwed.

So ignoring fear, money or greed, is the best way SHA256d?

I mean why wouldn't you wanna merge mine?

Why wouldn't you want a future proof coin which is ASICS.

Next year ASIC 2.0 will come out and the little guy will own an ASIC.

To me SHA256 is the best way to go.  And relatively speaking, this coin would benefit the smaller miner so that's gonna help a lot.  And it's not like scrypt is an easy way to mine.  It's all a joke now unless you have minimum $5,000 just for starters, and let's face it, most don't.

[Vlad2Vlad]

I like Nuggets! =D They remind me of chicken...mmmm chicken.

Man, I like nuggets.  Kinda gets your attention even though it doesn't mean much.  Lots of McDonalds lovers in this world.  Ha!