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Author Topic: My Critiertia to mine a new ALT coin  (Read 901 times)
techguy (OP)
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January 03, 2014, 06:22:14 AM
 #1

1. Backed up by strong dev team (preferably if they can quote their past open source work)
2. No fancy photoshop stuff
3. Includes some novelty
4. No premining
5. Scrypt based coin
6. Clear description of roadmap
7. Shielding from pump & dump

What's your criteria ?

hvezdasmrti
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January 03, 2014, 06:25:18 AM
 #2

1. Backed up by strong dev team (preferably if they can quote their past open source work)
2. No fancy photoshop stuff
3. Includes some novelty
4. No premining
5. Scrypt based coin
6. Clear description of roadmap
7. Shielding from pump & dump

What's your criteria ?



1 - OK
2 - OK
3 - OK
4 - impossible - no motivation
5 - stupid - the innovation may be another algoritm than oh 1000th scrypt clone
6 - PR roadmap blabla = not necessary
7 - impossible

In Pump and Dump we trust.
techguy (OP)
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January 03, 2014, 06:42:32 AM
 #3

Quote
4 - impossible - no motivation

If the coin has potential, then it will definitely survive.
black_swan
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January 03, 2014, 06:44:50 AM
 #4

1. Mine for 2 hour at launch and mine as much as I can
2. Wait for the first exchange to accept it and dump at any price

I like BTC better
techguy (OP)
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January 03, 2014, 06:49:10 AM
 #5

1. Mine for 2 hour at launch and mine as much as I can
2. Wait for the first exchange to accept it and dump at any price

I like BTC better

With the launch of CoinGen ( https://bitcointalk.org/index.php?topic=396761.0 ), your 2 hour mined coins may never hit the exchanges Smiley
black_swan
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January 03, 2014, 06:52:35 AM
 #6

1. Mine for 2 hour at launch and mine as much as I can
2. Wait for the first exchange to accept it and dump at any price

I like BTC better

With the launch of CoinGen ( https://bitcointalk.org/index.php?topic=396761.0 ), your 2 hour mined coins may never hit the exchanges Smiley

Until now they all did and I happily dumped the shit, with profits up to 2 days mining
I guess it's still worth trying to understand what's the "choice of the day" and spend some time on it
Starlightbreaker
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January 03, 2014, 06:54:28 AM
 #7

1. pump
2. dump


Last1212
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January 03, 2014, 06:56:08 AM
 #8

Premine is good for coins. Or coin will die in 1 week.

Some donate will be good))))))
LTC: LLEhzonntRjo4pLqaw93ZQzw8Qdx3HQ2k7        DOGE: DCty26Yk5kbG2NfoknoyY3UajPzsmbhXP9
WDC: WYJW8RYrc3C8K7duaAWqs8YayMLLNEkWBC        CAT: 9nJcehD9dkcsrrVmJxnLJRFc61158nTvvP
kalus
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let's make a deal.


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January 03, 2014, 06:59:13 AM
 #9

1. pump
2. dump
neatly sums up the last 30 days of this forum

DC2ngEGbd1ZUKyj8aSzrP1W5TXs5WmPuiR wow need noms
carlb007
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January 03, 2014, 07:02:05 AM
 #10

Premine is good for coins. Or coin will die in 1 week.
Why?
Why cant a dev focus on assets surrounding a coin aswell as the coin itself BEFORE launching it? Why can no-one seemingly invest time to try create a few fun games and some original content to use with their own coin to give it some actual value?
If they made things worth mining, and made actual usuable assets and facilities for their own 20minute coin creation they would likely receive a ton of donations to profit that way alongside still being there to mine their own coin on minute #1. The services they launched alongside their coin would make it unique enough to create a buzz and provide more potential.
I find the acceptance of premining unbelievable - its like you've all be brainwashed. Ive built websites for 15 years, and if i sat there and thought 'whats in it for me' before i started anything id never have created any sort of website, app or js game.



techguy (OP)
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January 03, 2014, 07:02:34 AM
 #11

Premine is good for coins. Or coin will die in 1 week.

I partially agree with you, premine is good if the coin has strong dev support. Otherwise premine will end up as pump & dump scheme.
In my opinion, coin will not die if it has some innovation.
Last1212
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January 03, 2014, 07:29:09 AM
 #12

Premine is good for coins. Or coin will die in 1 week.
Why?
Why cant a dev focus on assets surrounding a coin aswell as the coin itself BEFORE launching it? Why can no-one seemingly invest time to try create a few fun games and some original content to use with their own coin to give it some actual value?
If they made things worth mining, and made actual usuable assets and facilities for their own 20minute coin creation they would likely receive a ton of donations to profit that way alongside still being there to mine their own coin on minute #1. The services they launched alongside their coin would make it unique enough to create a buzz and provide more potential.
I find the acceptance of premining unbelievable - its like you've all be brainwashed. Ive built websites for 15 years, and if i sat there and thought 'whats in it for me' before i started anything id never have created any sort of website, app or js game.





Because people are greedy and covetous. All of them want only pump and dump coins. They don't care about any specs, just pump and dump. Premine may protect coin in difficult situations and give a coin long run.
As I can see from your opinion: "Dev should...", "they should...", a lot of "if's"... Noone want do anything all people think that someone else should that for them. Premine gives motivation, gives back up and keeps coin afloat if smth goes wrong.

Some donate will be good))))))
LTC: LLEhzonntRjo4pLqaw93ZQzw8Qdx3HQ2k7        DOGE: DCty26Yk5kbG2NfoknoyY3UajPzsmbhXP9
WDC: WYJW8RYrc3C8K7duaAWqs8YayMLLNEkWBC        CAT: 9nJcehD9dkcsrrVmJxnLJRFc61158nTvvP
Starlightbreaker
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January 03, 2014, 07:36:38 AM
 #13

1. pump
2. dump
neatly sums up the last 30 days of this forum
try 2 years.

nastybit
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January 03, 2014, 08:28:56 PM
 #14

Instead of premine, a small transaction fee (really small!) should go to the developer.
This is much better than premining as:
1) dev will continue to support the coin
2) dev cannot dump
3) address can be changed by vote with a fork

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