What Do You Want to See in an Alt-Coin?

[carajillu]

Its absence

[decrypter]

No more scam coins.
No more of this second generation of crypto (ie: fancy way of saying next generation of scam coin)

We don't need more coins.

We need better adoption.

[NoahBuscher]

Thanks for all your thoughts! I understand many of you are against the development of new currencies, but what's the harm in doing so? If people love Bitcoin, they'll stay and I see it as doing the community a service as in getting the word out about cryptocurrencies (yes... there are people who have no idea what they are). I'll put the posts here into consideration as I continue developing.

[Nullu]

Innovation.

There's only been one exciting innovative coin this week, and it failed because it got bombarded with instaminers. The situation is just crazy now.

[hilariousandco]

Thanks for all your thoughts! I understand many of you are against the development of new currencies, but what's the harm in doing so? If people love Bitcoin, they'll stay and I see it as doing the community a service as in getting the word out about cryptocurrencies (yes... there are people who have no idea what they are). I'll put the posts here into consideration as I continue developing.

There's no harm, but there's really no need for new ones either unless they bring something new.

[NoahBuscher]

Thanks for all your thoughts! I understand many of you are against the development of new currencies, but what's the harm in doing so? If people love Bitcoin, they'll stay and I see it as doing the community a service as in getting the word out about cryptocurrencies (yes... there are people who have no idea what they are). I'll put the posts here into consideration as I continue developing.

There's no harm, but there's really no need for new ones either unless they bring something new.

I'm thinking about a totally new wallet design, simpler install, and really just cutting the crap out of cryptocurrencies to their most basic form.

[hypostatization]

Contracts: https://ripple.com/wiki/Contracts#Example_Contracts

[NoahBuscher]

Contracts: https://ripple.com/wiki/Contracts#Example_Contracts

Neat! I'll look into that, but remember, the goal of it is to keep it simple. Not complicate things by adding more.

[buddynuno]

premined, that gives some presure to the devs to increase the coin price on the excanges.

Well, when you have coin like Quark with 98% premine yes, that puts some pressure on DEV´s to continue working on the coin because they just cant dump in one go so many coins! In time they have to make an effort to push and promote the coin, creating partnerships and trying to spread the coin to flow into markets and if people take interest in the coin and its structure, the coin takes off almost on its own due to so many parties already involded OR it can be a long term pump and dump for all parties involved /scary

DOGE for example if it stays as its has been one of the most profitable coins to mine for awile long you can rest assure it wont die because real investments are taking place around DOGE.

Then you have the instantmine and premine like around 2% claim from DEV´s for Giveways, bountys, etc... to sustain the coin. These are tricky because either its a dumping coin as soon it hits a market like for example Mooncoin or it can be a coin to watch and keep an eye on like Earthcoin for future investment!

And lately we had coins popping up like cherries which at launch dont have source codes ( WICH IS A REAL DANGER BECAUSE ANYTHING THAT YOU DOWNLOAD IS A POTENTIAL VIRUS) wallets or anything else but a DEV with a premine coin to just dump hit at the first chance he or they can get

So, this is the general overview that in my opinion you have to look and think what you want from a coin to give to the world as a currency but probably its just me

Good trading

[NoahBuscher]

premined, that gives some presure to the devs to increase the coin price on the excanges.

Well, when you have coin like Quark with 98% premine yes, that puts some pressure on DEV´s to continue working on the coin because they just cant dump in one go so many coins! In time they have to make an effort to push and promote the coin, creating partnerships and trying to spread the coin to flow into markets and if people take interest in the coin and its structure, the coin takes off almost on its own due to so many parties already involded OR it can be a long term pump and dump for all parties involved /scary

DOGE for example if it stays as its has been one of the most profitable coins to mine for awile long you can rest assure it wont die because real investments are taking place around DOGE.

Then you have the instantmine and premine like around 2% claim from DEV´s for Giveways, bountys, etc... to sustain the coin. These are tricky because either its a dumping coin as soon it hits a market like for example Mooncoin or it can be a coin to watch and keep an eye on like Earthcoin for future investment!

And lately we had coins popping up like cherries which at launch dont have source codes ( WICH IS A REAL DANGER BECAUSE ANYTHING THAT YOU DOWNLOAD IS A POTENTIAL VIRUS) wallets or anything else but a DEV with a premine coin to just dump hit at the first chance he or they can get

So, this is the general overview that in my opinion you have to look and think what you want from a coin to give to the world as a currency but probably its just me

Good trading

This is by far the best post so far. Thanks for your input! It's going to be 101% open source with only like 0.05% premine to supply competitions and the like.

[Duane Vick]

How long would it take to make the coin I described and how much?

[kelsey]

less is more, prefer no more alts thankyou 

[NoahBuscher]

less is more, prefer no more alts thankyou 

I understand. Still - I'm getting board of helping others out with creating their own coins. It's prime time I make my own.

[NodeSeperator]

I'm bored of shitcoins, not alternative-coins. Please understand why they are different.

[Mr.V]

there's nothing wrong with a lil premine just as long as you use it to develop the coin. A lot ppl here think they should get rich off of your hard work well I say F them in the but... Miners think they are entitled to get first dibs on a coin when they do absolutely nothing

[olinnebit]

premined, that gives some presure to the devs to increase the coin price on the excanges.

Well, when you have coin like Quark with 98% premine yes, that puts some pressure on DEV´s to continue working on the coin because they just cant dump in one go so many coins! In time they have to make an effort to push and promote the coin, creating partnerships and trying to spread the coin to flow into markets and if people take interest in the coin and its structure, the coin takes off almost on its own due to so many parties already involded OR it can be a long term pump and dump for all parties involved /scary

DOGE for example if it stays as its has been one of the most profitable coins to mine for awile long you can rest assure it wont die because real investments are taking place around DOGE.

Then you have the instantmine and premine like around 2% claim from DEV´s for Giveways, bountys, etc... to sustain the coin. These are tricky because either its a dumping coin as soon it hits a market like for example Mooncoin or it can be a coin to watch and keep an eye on like Earthcoin for future investment!

And lately we had coins popping up like cherries which at launch dont have source codes ( WICH IS A REAL DANGER BECAUSE ANYTHING THAT YOU DOWNLOAD IS A POTENTIAL VIRUS) wallets or anything else but a DEV with a premine coin to just dump hit at the first chance he or they can get

So, this is the general overview that in my opinion you have to look and think what you want from a coin to give to the world as a currency but probably its just me

Good trading

For fucks sake, stop spreading false info and lies! QRK was never pre-mined. Read the announcement thread