[ANN] First steps for a community coin

[MBible]

Hello guys,

I am willing to start developing, alongside you guys, a community based coin.
So we gotta find answers to the following questions:

1. Consensus : POW only, POW/POS[MN], POW/POS[MN&Stacking], POS only
2. If POW, what algo would be best
3. Privacy coin or not?

When we find answers to these questions, we can draw a team that fits the coin needs and i will announce the open positions.

Thanks for your help and for your interest in building a decent community coin.

[kamiyama]

POS only

[congatoiloi]

POW/POS[MN]
x11

[ryjin1007]

xevan

[venit4u]

Reserved for mining pool.

Scrypt algo, POW with 365% POS, very low premine for coin development and listing fee should be fine.

[MBible]

Reserved for mining pool.

Scrypt algo, POW with 365% POS, very low premine for coin development and listing fee should be fine.

I am not very found of premine for listing. Wouldn't be better to ask the community for the exchanges of their choice and then raise the funds from donations?

[dkbit98]

PoW + PoS hybrid (MN)
Algo Lyra2z (Zcoin use it)

low premine

[MBible]

If we are going to have POW and a coin that would be mineable by the whole community, i guess we gotta stay away from the algos that can be mineable by ASICs (i.e Scrypt, SHA-256, X11, Skein, etc.).
What do you think?

[lucky626]

Interested in understanding this project?

https://komodoplatform.atlassian.net/wiki/spaces/KPSD/pages/109641772/Komodo+Tutorial+-+Creating+Your+Own+Asset+Chain

[True_Felek666]

Any algo that's not ASIC friendly, or at best the algo that's CPU only. (YeScrypt)
PoW with Masternodes would be lovely.

[ElhanAuzan]

PoS only 365%

[MBible]

Interested in understanding this project?

https://komodoplatform.atlassian.net/wiki/spaces/KPSD/pages/109641772/Komodo+Tutorial+-+Creating+Your+Own+Asset+Chain

Maybe the community will shoot some oppinions on implementing Komodo. I am curious how the ppl are receiving it.
And of course i guess we need more answers for the first 3 questions.

[AmoreJaz]

what you are trying to do is tame a beast! the idea is grand and very positive but it is so damn hard to get viable results from the crowd found here!

[MBible]

what you are trying to do is tame a beast! the idea is grand and very positive but it is so damn hard to get viable results from the crowd found here!

I try to find out what are the most apreciated things in a coin and then i will try to involve the community in creating it. And i am sure that we all feel the need of a decent project, TRANSPARENT, FAIR and also that can provide UTILITY.