So Many AltCoins,- How about creating Universal One?

[biaka]

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-

Isn't it

[whitedragon]

So many fiat currencies out there....can't we just create a universal one to use globally?   

[kelsey]

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.

As an actual useable currency it is in progress.

actually its getting worse

one of the focus' of satoshi's white paper was that the big banks fee's hinders micro transactions and btc was developed to overcome this

[AgentME]

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.
 

Mining isn't the point of bitcoin. Most people who use the dollar will never get to print their own dollars either. That's not exactly a flaw.

[BitcoinFX]

So many fiat currencies out there....can't we just create a universal one to use globally?   

Sure. Remember to let eveyone know when its ready for release, so someone can clone it.     

[kelsey]

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.
 

Mining isn't the point of bitcoin. Most people who use the dollar will never get to print their own dollars either. That's not exactly a flaw.

yeah but if only an elite circle get to mine then its no better then the fiat elite who print the money? no?

[markm]

So parachute crates of ASICs into the third world...

-MarkM-

[biaka]

So many fiat currencies out there....can't we just create a universal one to use globally?   

That's The Spirit!

[kelsey]

So many fiat currencies out there....can't we just create a universal one to use globally?   

thought thats what the US was doing with the USD.....well they're certainly printing enough of them for everyone 

[biaka]

So many fiat currencies out there....can't we just create a universal one to use globally?  

Sure. Remember to let everyone know when its ready for release, so someone can clone it.    

Clone it, but to the better clone that's how intellect develops....
(example) how bacteria develops to live in chemical reactor:
1: by learning
2: by adopting

[whitedragon]

So many fiat currencies out there....can't we just create a universal one to use globally?   

thought thats what the US was doing with the USD.....well they're certainly printing enough of them for everyone 

You got that right!   

[erk]

Just what we need another coin!

[AgentME]

How about, instead of having a coin that has the block reward halve over time or go down when difficulty goes up, we had a coin where the block reward increased over time? Then everyone can mine profitably! /s

[jackjack]

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

Not only sad, but scary

[Magic8Ball]

So parachute crates of ASICs into the third world...

-MarkM-

Along with solar panels and DSL connections.

[FreeTrade]

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.
 

I like this idea too, and I think it was the original vision for Bitcoin. By the time it became clear that GPU mining would dominate, it was already too late to do anything about it. ASICs just make a bad situation worse.

Universal mining on CPU would have seen a much wider spread and adoption of Bitcoin during the press frenzy - the lack of GPU resistivity was a major flaw that has hindered Bitcoin. Tenebrix->Fairbrix->Litecoin sought to address this, but they have all failed in this objective where GPU miners dominate.

I'm currently creating an altcoin with universal CPU mining ability. Send me a private message if you'd like to be in the beta.

[vinne81]

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.
 

That really sounds hilarious I bet these people in undeveloped countries aren't sad because they don't have the hardware to mine BTC, I think they are sad because their life is hard and their peers are savages   Aint no coin gonna to change that neither

[i.Bitcoin]

Yes, look at Alternate cryptocurrencies forum.
Everyday some new-coins have been made.
If all of these creators could get together would be great to have Universal One!

How about 'Global Miner's UNION'