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Question: Universal Community Coin (Open Source, no asics)everyone able to mine?
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Author Topic: So Many AltCoins,- How about creating Universal One?  (Read 1833 times)
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biaka
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July 15, 2013, 07:45:48 PM
Last edit: July 15, 2013, 08:18:28 PM by biaka
 #1

Has it ever been proposed before?
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Hydroponica
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July 15, 2013, 07:48:11 PM
 #2

Has it ever been proposed before?

I think  this is what Anti-Matter is/was trying to do

mustyoshi
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July 15, 2013, 07:49:47 PM
 #3

How can you make something both ASIC proof?
biaka
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July 15, 2013, 07:54:20 PM
 #4

"I think  this is what Anti-Matter is/was trying to do"


Thanks,
"Was" meaning no progress down there?

P.S. I like Your Name Cool
webr3
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July 15, 2013, 08:06:32 PM
 #5

"So Many AltCoins, - let's make another one"
biaka
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July 15, 2013, 08:31:28 PM
 #6

"So Many AltCoins, - let's make another one"

What's wrong with another one? Specifically self growing Open Source Project?

BTW they are All Awesome to me and this poll is posted by the inspiration
of reading pixel's "How do you create an altcoin?
I highly recommend everyone to read!  Smiley
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July 15, 2013, 08:58:49 PM
 #7


Own address: 19QkqAza7BHFTuoz9N8UQkryP4E9jHo4N3 - Pywallet support: 1AQDfx22pKGgXnUZFL1e4UKos3QqvRzNh5 - Bitcointalk++ script support: 1Pxeccscj1ygseTdSV1qUqQCanp2B2NMM2
Pywallet: instructions. Encrypted wallet support, export/import keys/addresses, backup wallets, export/import CSV data from/into wallet, merge wallets, delete/import addresses and transactions, recover altcoins sent to bitcoin addresses, sign/verify messages and files with Bitcoin addresses, recover deleted wallets, etc.
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July 15, 2013, 09:04:57 PM
 #8

You mean, create something that doesn't use SHA256 or Scrypt? I'm pretty sure all coins are using either of the two. I guess you could invent something new that would be CPU based only. But on a given timeline, technology will be created to mine faster and/or use less electricity. And there would have to be a good reason to switch over. What benefits will this new coin have over something like Bitcoin.

Bitcoin is fairly solid.

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July 15, 2013, 09:27:16 PM
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You mean, create something that doesn't use SHA256 or Scrypt? I'm pretty sure all coins are using either of the two. I guess you could invent something new that would be CPU based only. But on a given timeline, technology will be created to mine faster and/or use less electricity. And there would have to be a good reason to switch over. What benefits will this new coin have over something like Bitcoin.

Bitcoin is fairly solid.


Both SIC and Primecoin are using different algo.
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July 15, 2013, 09:49:05 PM
 #10

"More people familiar with varying the code and variants of the code is good, as it seems like there will regularly be need to update all the many altcoins so the more people capable of doing so maybe the more likely it is to happen.

Two that really need updating badly are Tenebrix and GeistGeld, they might even be old enough that they might crap out on file size of the blockchain on 32 bit Windows systems maybe or something silly like that.

They are interestingly different from each other too since Tenebrix is scrypt without merged mining whereas GeistGeld is SHA256 with merged mining. So bringing both of those up to date would be a really great learning-project for someone and meanwhile of course both are also so ridiculously low difficulty you could be mining them both all along with CPUs and rake in tons of both while you learn. Unlike starting a new coin you don't tend to get jumped on by all the big miners with these old coins, so you can go months on end peacefully mining them with CPUs.

Compare that with the way difficulty skyrockets on new coins lately and you'll see those new coins won't likely be useful for spreading the coins around newbies for maybe months or years, whereas these old coins have been serving newbies well for what, a year or more now and still nice low difficulty...

-MarkM-


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July 15, 2013, 10:05:04 PM
 #11

I'd make a joke we should call it "CloneCoin" or something obvious, but the name "Yet Another Coin" is already used, so making a new coin ironically isn't even original.
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July 15, 2013, 10:55:30 PM
 #12

Has it ever been proposed before?
We have a universal coin, Its called BitCoin

"Never let the future disturb you. You will meet it, if you have to, with the same weapons of reason which today arm you against the present"
- Marcus Aurelius
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July 15, 2013, 10:58:53 PM
 #13

Has it ever been proposed before?
let me guess, your going to create it?

1MYL967PR52xiNtqSP9WphRvPzKZDjBdxn
kelsey
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July 15, 2013, 11:41:48 PM
 #14

Has it ever been proposed before?
We have a universal coin, Its called BitCoin


but that attempt failed

but yeah the last place you should start a new bitcoin or bitcoin clone is forum.
biaka
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July 15, 2013, 11:46:24 PM
 #15

Has it ever been proposed before?
We have a universal coin, Its called BitCoin


Sure, but topic is not about BTCCoin here.

Imagine people in undeveloped countries? They will never be able to mine BitCoin.
What they do have is some older machines still capable to mine, so they could get some taste of Freedom.
Also, I really like a few ideas of others to create coin where with older machine solo mining is promoted and new people get some incentive just as they start to mine.
 
mufa23
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July 15, 2013, 11:46:52 PM
 #16

We have a universal coin, Its called Bitcoin
but that attempt failed
Wait... Bitcoin "failed"?

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markm
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July 15, 2013, 11:48:28 PM
 #17

Oh yeah great idea, get people in undeveloped countries to use insecure money so script kiddies all over the developed world can take their money, brilliant.

-MarkM-

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biaka
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July 15, 2013, 11:52:49 PM
 #18

Has it ever been proposed before?
let me guess, your going to create it?

The topic of this poll is:

"Universal Community Coin (Open Source, no asics) everyone able to mine."

It also makes me sad that many users on this forum have no idea what open source is.

kelsey
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July 15, 2013, 11:54:09 PM
 #19

We have a universal coin, Its called Bitcoin
but that attempt failed
Wait... Bitcoin "failed"?


yes., people here consider it a success merely based on its price vs USD.

however as an actual useable currency its a fail.

hell even look at its homepage the benefits listed simply are not true.

kelsey
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July 15, 2013, 11:56:06 PM
 #20

Has it ever been proposed before?
let me guess, your going to create it?

The topic of this poll is:

"Universal Community Coin (Open Source, no asics) everyone able to mine."

It also makes me sad that many users on this forum have no idea what open source is.



makes me even sader that people develop a crypto in order to mine Sad
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