Looking for altcoin - inflationary, not premined, high initial difficulty

[Beelzebuddy]

Hi all,

I'm looking for an altcoin to promote as part of an unrelated project.  Maybe, despite the sea of alternatives to bitcoin, it doesn't exist yet, but maybe it does.  You'd know the waters better than I.

Here's what I'm hoping to find:

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Inflationary - I'm looking for a potentially useful currency.  Bitcoin isn't one; it's tchotchkes to sell to gold bugs.  The coin I have in mind has its difficulty curve deliberately shallowed to match Moore's Law, or perhaps a bit more.  This is so over time, all else being equal, a constant amount of coins will be entering circulation, providing a low but steady inflation rate.  10% would be perfect.  This would have the effect of encouraging users to reinvest their liquid wealth as soon as possible, as it's doing them no good sitting in the wallet, while the crypto prevents hyperinflation scenarios that make cash entirely undesirable.

Not premined/high initial difficulty - although the difficulty will be slow to ramp up, it should start high.  This is to remove even the appearance that anyone jumping in early will "strike it rich" when it takes off later - e.g. every pump and dump scheme ever, and more than half of present altcoins.  We're making a currency here, not a cash grab.

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ASIC unfriendly - Insisting on a not-premined solution doesn't do a damned thing if the wealth generation is dominated by a small cabal of people who can afford specialized hardware.  GPUs okay though.

Some kind of blockchain solution - BTC blockchain is getting a little bit ridiculous in size, and it's still a niche thing.  Something that would let average users participate in the transaction process without having to store the whole damn thing would be nice.

I'm sure I had one or two more desirable traits I can't remember now, but tbh the first has probably alienated 95% of you and narrow the existing solution down to "none" as it is, so I'll turn it over to ask for suggestions.  Anything come to mind?

[Beelzebuddy]

*bump*

Given that this thread is meant to be almost purely discussion, and not a [GREAT DEAL], [Giveaway!!!], or [**SPAMTASTIC**] promotion post, is there perhaps a better forum to put it in?

[Beelzebuddy]

Final bump to attract attention.  If still no replies, I'll write the thread off as lacking interest.

[ImmortAlex]

There was SIFcoin (Simple Inflation Fork of bitcoin). Network is still alive, but activity is very slow and no trading at all.
There is thread somewhere in this forum section.

[Beelzebuddy]

There was SIFcoin (Simple Inflation Fork of bitcoin). Network is still alive, but activity is very slow and no trading at all.
There is thread somewhere in this forum section.

I'm not familiar with foocoin jargon, can you tell me what implications "Dif retarget: every block, +-1% of mean last hour" has in terms of actual inflation?

Also there's quarkcoin, which I gather is a descendent of sifcoin?  Unfortunately, despite being much more popular it seems to have added back in the gold rush mentality, which for preference is something of a non-starter.

[savaged]

It wouldn't be hard to create a fork which is inflationary.

I agree it would make the most sense for a useful currency.

There was a coin I came across the other day which as the reward was the square root of the difficulty + block height but I can't remember what it was called. Still depending on what the base rewards were (if it was 1000 a block to start for instance) wouldn't actually be what you are talking about.

I disagree about the ASCI part though, to increase adoption it helps to be able to use the same tools. Inflationary rewards would mean insta mining with a big rig still wouldn't be a huge amount of coins 10 months later.

[Beelzebuddy]

I disagree about the ASCI part though, to increase adoption it helps to be able to use the same tools. Inflationary rewards would mean insta mining with a big rig still wouldn't be a huge amount of coins 10 months later.

It would increase early adoption, but harm later adoption, and most importantly wider adoption, due to purchasing a rig becoming a barrier to entry.  No one outside of bitcoin has fancy ASIC rigs, but everyone has spare CPU cycles.

As it stands, it seems there's no currently-available solution that meets everything, right?  So I might as well start brushing up on the white papers, because I'll have to make the new coin along with the thing I plan to do with it?

[ImmortAlex]

I'm not familiar with foocoin jargon, can you tell me what implications "Dif retarget: every block, +-1% of mean last hour" has in terms of actual inflation?

It's not about inflation, it's about changing of difficulty (which is kinda slow in this coin).

Also there's quarkcoin, which I gather is a descendent of sifcoin?

Actually, no. Quark just use hashing idea of SIF: full set of SHA3 algos, extremly secure and ASIC-proof. But economic model of Quark is usual Bitcoin-like.

[ImmortAlex]

There was a coin I came across the other day which as the reward was the square root of the difficulty + block height but I can't remember what it was called.

That is it - SIFcoin.

Block reward = 1Coin + bonus
bonus = sqrt(Diff * block#) Satoshi (eq 0 in start, hundreds in far future)