[SWAG] Swagcoin | launch delayed | only 10,000 coins!

[nous]

Ok, i'll bite. Is the OP releasing the source code and/or setup a pool at launch?

[Lala]

I had this idea weeks ago.. will wait for launch.

[katsoo]

many boats missed here, so Im looking forward to it. 

[hearnomore]

I would consider adding a pool as well. Watching this one to see how it goes.

[yorich]

Ok, i'll bite. Is the OP releasing the source code and/or setup a pool at launch?

Sumbudy didn't read....

[Pythonideus]

Ok, i'll bite. Is the OP releasing the source code and/or setup a pool at launch?

I can confirm that a pool will be ready for the launch at hackshardgaming.net.

[Boxman90]

Having a pool at launch is a bad idea

And i'll tell you why.

The thing will 50% the network instantly. There'll be forks on launch. You do not want that.

Especially on release, you need the decentralization that solo miners bring.

[nastybit]

Agree with Boxman90, pool at launch only increases the risk to have a fork as it's likely that one pool will be over 50% of the total hashing power.
Also, I would rework the total numbers a little bit, 10k coins might attract a few noobs but it doesn't change anything. Look at bitcoin with 21 millions and we are talking about changing the unit to mBTC. A coin valued 0.001 BTC when you can mine 1 a day is not worth more than another valued 0.00001 if you can mine hundred times more

[hvezdasmrti]

seems to be another shitcoin

[azzelden]

I am ready 

[nocoin]

Block rewards: 1 coin every 60 blocks (one hour), after block 5000 1 coin every 120 blocks (2 hours)

So, how it will be?

• Periodical, i.e exactly 59 block without reward followed by 1 block with 1 coin
• Or random-based, i.e. one block of 60 will have reward on the average?

In first case this coin will be doomed. Sooner or later somebody will implement "merged" mining, enabling enyone to mine any other litecoin-based coin, periodically switching to SwagCoin for finding valuable block.

[sn0w]

Ok, i'll bite. Is the OP releasing the source code and/or setup a pool at launch?

Yes.

Having a pool at launch is a bad idea

And i'll tell you why.

The thing will 50% the network instantly. There'll be forks on launch. You do not want that.

Especially on release, you need the decentralization that solo miners bring.

I'm looking for another pools. Not only one.

Block rewards: 1 coin every 60 blocks (one hour), after block 5000 1 coin every 120 blocks (2 hours)

So, how it will be?

• Periodical, i.e exactly 59 block without reward followed by 1 block with 1 coin
• Or random-based, i.e. one block of 60 will have reward on the average?

In first case this coin will be doomed. Sooner or later somebody will implement "merged" mining, enabling enyone to mine any other litecoin-based coin, periodically switching to SwagCoin for finding valuable block.

Random.

[tyler26]

Only 10,000 maximum coins? Why not at least 1 million or so?

[hipstacoin]

SWAG, count me in

If this coin is successful I suggest your next coin to be YOLO coin

Damn, you read my mind!

[illegalwisdom]

i like the coin

[jingguantian]

i am waiting for this coin

[doc12]

A Coinlimit of 10000 sucks imho .... Its not practical to deal with 0.000000001 Coins ...

[mdawg]

I'll give it a go on launch day.   I don't know if it is even possible to get one coin with half a dozen machines if there is only 10,000 total.  The only way a pool will work at launch is if there is a few pools and they are all under 50% by a lot.

[exzellenz]

nice

[Ladydoge]

I'll try to mine this. I'm hoping to get 0.5 swagcoin