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Question: Which Method is Best?  (Voting closed: January 14, 2014, 03:59:07 AM)
Resell Method - 5 (41.7%)
Open Source Buyout - 4 (33.3%)
Equity Based - 3 (25%)
Total Voters: 12

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Author Topic: Altcoin Generator Discussion  (Read 813 times)
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super3 (OP)
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January 07, 2014, 03:59:07 AM
 #1

So I recently acquired http://coingen.io/, and I wanted some community feedback on how to proceed. There are definitely certain ways this could go. One just floods the marketplace, two gets more people playing around with source code, three(and best) provides incentive to improve Bitcoin development by 2x or 3x (see Luke-Jrs Idea).

1) Development:
I want to know what people actually want to see as improvements to the generator in once place. So far I've heard:
  • Add Primecoin Proof-of-Work
  • Add Peercoin Proof-of-Stake
  • Create your Own Genesis Block
  • Better Seednode Handling

2) Funding:
Obviously people want features now rather than later, and I'm only one guy. Obviously the profit from the tool can probably reach 100-200 BTC by the end of the month at current rates. But we all know a month is like a decade in Bitcoin time(we could be at the moon by then), and I'd rather start make improvements now rather than a few weeks and be smart about it.

  • Resell Method - Not opposed to reselling the code to another interested party(PM me). Would be enough to fund my CoinDocs project(Bitcoin Documentation) or some of the work I wanted to do with Bitcoin Agents.
  • Open Source Buyout - Could do something like what Blender did and have the community buyout the code and open-source it. Obviously some of these funds would be for development.
  • Equity Based - Keep everything how it is, but allow the community to place funds toward the development of new features. Once that feature is developed, if you want it included in your coin you must pay the fee which is then awarded back to the users who funded it proportional.

Bitcoin Dev / Storj - Decentralized Cloud Storage. Winner of Texas Bitcoin Conference Hackathon 2014. / Peercoin Web Lead / Primecoin Web Lead / Armory Guide Author / "Am I the only one that trusts Dogecoin more than the Federal Reserve?"
nocoin
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January 07, 2014, 04:09:41 AM
 #2

So I recently acquired http://coingen.io/, and I wanted some community feedback on how to proceed.
Kill it with fire.
RenegadeMind
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January 07, 2014, 04:09:48 AM
 #3

If you're making 100~200 BTC, why not just hire a couple rockstar devs?

super3 (OP)
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January 07, 2014, 04:14:58 AM
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If you're making 100~200 BTC, why not just hire a couple rockstar devs?
Already am, but I wanted to get some ideas other than my own, and perhaps some community involvement.

Bitcoin Dev / Storj - Decentralized Cloud Storage. Winner of Texas Bitcoin Conference Hackathon 2014. / Peercoin Web Lead / Primecoin Web Lead / Armory Guide Author / "Am I the only one that trusts Dogecoin more than the Federal Reserve?"
BitByteBite
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January 07, 2014, 04:17:33 AM
 #5

Charge 10-100 Bitcoins per alt.

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super3 (OP)
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January 07, 2014, 05:19:50 AM
 #6

Charge 10-100 Bitcoins per alt.
Heh. Don't think many people would buy that.

Bitcoin Dev / Storj - Decentralized Cloud Storage. Winner of Texas Bitcoin Conference Hackathon 2014. / Peercoin Web Lead / Primecoin Web Lead / Armory Guide Author / "Am I the only one that trusts Dogecoin more than the Federal Reserve?"
LibertyCrypto
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January 07, 2014, 09:26:23 PM
 #7

The No.1 suggestion i'm hearing is:
Tell people what to do with their new alt. once it's downloaded.

They run it, it sits there.. then they cry.
kdrop22
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January 07, 2014, 09:29:56 PM
 #8

Increase the price for AltCoin creation.
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January 07, 2014, 09:31:37 PM
 #9

a 100% free coin generator is probably under development with ad support. Heck i might make one if no one does eventually.

So you might wanna get more creative to justify charging prices in the near future  Smiley

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