A New Coin

[ndrmutz]

Hello Folks,

I have a novel idea for a new cryptocoin that I am presently developing.  This is a project that's bigger than I and I thus /s/e/e/k/ /t/h/e/ /f/i/n/e/s/t/ /a/n/d/ /t/h/e/ /b/r/a/v/e/s/t/ / /k/n/i/g/h/t/s/ /i/n/ /t/h/e/ /l/a/n/d/ am looking for other developers who would like to lend a hand in this effort and share in the harvest.

I realize that the world needs another cryptocoin like it needs another politician and that you've probably grown weary of hearing bigger-than-Facebook claims.  Nevertheless, the angles of the cryptocoins are not yet fully exploited and I think I've found a new wrinkle that's worth exploring.  And ideas don't have to become bigger than Facebook in order to be worth the effort.

I intend to engage in pre-mining (maybe 2%-4%) with a select, and ever widening circle of early adopters, until such time as it's ready for prime time.  At worst you'll have a lot of fun working on some fascinating materials, and at best ... well, who knows how far this might go?

I need the ordinary mix of talents such as Unix admin, C++, Qt Creator, somebody who does Windows, etc. If you have any mix of this, please /j/o/i/n/ /m/e/ /i/n/ /m/y/ /c/o/u/r/t/ /a/t/ /C/a/m/e/l/o/t/ PM me and let's start talking.

Thanks!

[atta2k15]

Hello Folks,
I have a novel idea for a new cryptocoin that I am presently developing. 

keep it.

I realize that the world needs another cryptocoin like it needs another politician

What gives you that idea?

I intend to engage in pre-mining (maybe 2%-4%)

only 2-4%? OMG


Fuckoff with these non-community helping coins.
Any more bright ideas?

[Meebo]

/getting hostile

Please go and use coin generation service for your "OppanGangamCoin" or "ConfessionBearCoin" or whatever and please get over with it.
It will save you so much time...

[aleix]

https://bitcointalk.org/index.php?topic=401943.msg4354199#msg4354199


If you follow the rules, you can count on me 

[Buffer Overflow]

I intend to engage in pre-mining

FAIL

[gamybtc]

Hello Folks,

I have a novel idea for a new cryptocoin that I am presently developing.  This is a project that's bigger than I and I thus /s/e/e/k/ /t/h/e/ /f/i/n/e/s/t/ /a/n/d/ /t/h/e/ /b/r/a/v/e/s/t/ / /k/n/i/g/h/t/s/ /i/n/ /t/h/e/ /l/a/n/d/ am looking for other developers who would like to lend a hand in this effort and share in the harvest.

I realize that the world needs another cryptocoin like it needs another politician and that you've probably grown weary of hearing bigger-than-Facebook claims.  Nevertheless, the angles of the cryptocoins are not yet fully exploited and I think I've found a new wrinkle that's worth exploring.  And ideas don't have to become bigger than Facebook in order to be worth the effort.

I intend to engage in pre-mining (maybe 2%-4%) with a select, and ever widening circle of early adopters, until such time as it's ready for prime time.  At worst you'll have a lot of fun working on some fascinating materials, and at best ... well, who knows how far this might go?

I need the ordinary mix of talents such as Unix admin, C++, Qt Creator, somebody who does Windows, etc. If you have any mix of this, please /j/o/i/n/ /m/e/ /i/n/ /m/y/ /c/o/u/r/t/ /a/t/ /C/a/m/e/l/o/t/ PM me and let's start talking.

Thanks!

Everyone wants a coin now a days lol. Making the crypto currencies, no value. You should better have a plan, and do it on own, instead of a help.

[ndrmutz]

The rulz? Like these rulz?

1.- We want to know the real name and resume of current developers (previous experience, etc.)
30 years of software development experience and 3 years with the crypto coins.  PM me and let's talk. I'm a bit hesitant to just throw my personal details into the public arena at this time, but if I trust you then you'll find all the answers you want.

2.- We want they to talk about his work directly to the community and answer our question
What questions? Ask me questions in public or PM me.

3.- The code must be public
It totally will be.

4.- We want to know the expectations of the developers (1 month / 6 months / 1 year)
Over the next month we'll talk, think and plan.  During the next six months we can get the basic infrastructure of the source code, testing, blockchain, mining pool(s) and other random goodies established.  Next year?  I don't know, that's a long time from now.

5.- The coin must have some code innovations, new ideas or a huge community behind
Got that! PM and let's talk!

6.- What will you do to ensure the commercial viability of your coin? What is the plan of ensuring diffusion? How will you convince businesses to adopt your coin?
The primary value in any of these coins is as a store of value.  Expecting random businesses to accept any of these myriads of coins is a pipe-dream, IMHO.

[ndrmutz]

Premine

Fail

?

What's wrong with that?  Don't the developers deserve some piece of the action?

[TheSmo]

Don't get me wrong, I just want to help:

If you havea good idea, someone MIGHT steal it. But with CryptoCoins it's not like you invent the energy source of the future. The more you hide your idea, the more unlikely it will get big. No matter how bright you are, if you discuss it openly, more people will throw in their 2pc, more ppl will hear about it and you will way more easy get support.

It's pretty unlikely that someone will steal your idea and get rich, while you are talking to the public... again: you are not inventing the cure for cancer, the "great idea" here will not be world changing (sorry, but it will not ).

[Buffer Overflow]

Premine

Fail

?

What's wrong with that?  Don't the developers deserve some piece of the action?

Because if you pre-mine your creating the coin for your own financial gain, not because you want to create a coin for the benefit of the community.

[ndrmutz]

Because if you pre-mine your creating the coin for your own financial gain, not because you want to create a coin for the benefit of the community.

I see your point.  However, I don't think these goals are mutually exclusive.  Nevertheless, the decision to pre-mine has not yet been made.

What other methods would you envision to compensate the developers and early-adopters?

[Buffer Overflow]

What other methods would you envision to compensate the developers and early-adopters?

None. Satoshi has done 99.99% of the hard work for you anyway.

[ndrmutz]

What other methods would you envision to compensate the developers and early-adopters?

None. Satoshi has done 99.99% of the hard work for you anyway.

Very funny. Nobody works for free.  Do you?  The balance between individual self-interest and community is a deep question and I don't think this forum is the place to get to the bottom of that issue. The "community" is strengthened as more people are drawn into developmental roles and as new coins are created.  We all stand on the shoulders giants and I pray to St. Satoshi every night before bed.  But there's a fair amount of infrastructure required to launch a new coin and he's not answering my email to help out, hence my search here.

[flipstyle]

I realize that the world needs another cryptocoin like it needs another politician

You realized wrong.

We actually need less.  A lot less.

[Maluridea]

6.- What will you do to ensure the commercial viability of your coin? What is the plan of ensuring diffusion? How will you convince businesses to adopt your coin?
The primary value in any of these coins is as a store of value.  Expecting random businesses to accept any of these myriads of coins is a pipe-dream, IMHO.

As this is the only point I am interested in ... the whole store of value concept worries me a bit. I am perplexed by the concept of using cryptocurrencies as a store of value. Of course this depends on how long you are planning to hold them (but short term gain I would rather call as investment and speculation rather than short term value), but store of value bit is hard since it needs to be linked to something that offers security against devaluation from an increased production or supply. I have a very hard time seeing this in open source software, but feel free to convince me otherwise.

Also, why would it be a pipe-dream to have a wide spread diffusion of a cryptocurrency used in everyday trade? Their intrinsic benefits are way more supportive of this usage than long term store of value. I believe we have only just begun to see the diffusion of these coins and that there is much that can be done to support their diffusion.

[traderCJ]

Premine

Fail

?

What's wrong with that?  Don't the developers deserve some piece of the action?

Because if you pre-mine your creating the coin for your own financial gain, not because you want to create a coin for the benefit of the community.

Why should he create something for your benefit?  Does your paycheck go to you or someone else?  People should invest in an idea because it solves problems in a superior fashion, not because it benefits "the community".  Socialist drivel.

[ndrmutz]

As this is the only point I am interested in ... the whole store of value concept worries me a bit. I am perplexed by the concept of using cryptocurrencies as a store of value. Of course this depends on how long you are planning to hold them (but short term gain I would rather call as investment and speculation rather than short term value), but store of value bit is hard since it needs to be linked to something that offers security against devaluation from an increased production or supply. I have a very hard time seeing this in open source software, but feel free to convince me otherwise.

Also, why would it be a pipe-dream to have a wide spread diffusion of a cryptocurrency used in everyday trade? Their intrinsic benefits are way more supportive of this usage than long term hold of value. I believe we have only just begun to see the diffusion of these coins and that there is much that can be done to support their diffusion.

"What is money?" and "how does it work?" are two more deep questions and I'm hardly the guru re: either of them.

I think that "ordinary users" who only want these coins so they can buy things are having a very difficult time understanding this system and keeping it at least as secure as their ordinary bank and credit cards.  I think this provides a serious limit to the utility of cryptocoins for that purpose.

I think that the value of any money comes from the fact that other people want it.  Why do other people want BTC, USD, AU, Pb, booze, women, or whatever?  Who knows. That's a matter of crowd psychology that I can't answer.  But we can observe that this happens.  If everybody decided they no longer wanted any of those things, and they all ran for the door at once, then the value of those things would plummet.

Very few people can properly and deftly deal with multi-currency accounting.  (Which is one of the issues my effort is dealing with.)  This includes most merchants and merchant software.  Although a handful of places accept BTC (% wise) how many take any other 2nd tier coin? (I'm lookin' at you LTC, PPC)  Very few.  I just don't see how the blizzard of other coins is going to work it's way into that ecosystem.

However, if you're holding these coins as an investment, however speculative that may be at this time, it's likely that you'll deal with much larger quantities, and it would therefore make more sense to expend the effort to deal with multi-currency accounting.  That's why, IMHO, the best use of these coins will ultimately prove to be as a store of value.  If so, then there's a very large market that can accommodate many, many coins.

[Henark]

Why don't you start to think how to "mine" more people to the crypto-world as users? We need more support on the "real" world, we're tired to take a roller coster every single day with every brand-new-old-fashioned-creep-bitcopies.
Please....Stop it!

[ndrmutz]

Ok, so, enough talk.  Time for action.  Here are some skills that I need now:

1. I need somebody who knows Unix admin.  I have a VPS now that's very suitable for getting started.  I want to establish a beginning website, a public forum, and a private forum.  I want to setup a git repository there.  I need this reasonably secure.  Nobody cares to attack this at this time, but no need to leave the front door unlocked.

2. I need a build system.  I need somebody who's willing to figure out how to install QT Creator and other development tools we'll need on a Unix system, and get it working with the git repository.  We also need to figure out how to build and run the testing.

3. I need a mining pool.  There is probably open source code for this.  I need somebody to find this, install it, test it.  Make it work.

4. I need an exchange site solely for the purpose of exchanging BTC and the new mystery coin.  Again, there's probably open source code for this.  Let's figure out how to do this.

5. I need some private debate about some of the technical details of the coin such as the mining algorithm.  I'm leaning towards Scrypt because I don't want a handful of ASIC coin rapers jumping on this too quickly.  How can we keep this coin more accessible to a wider base of smaller miners?

[TheSmo]

Very funny. Nobody works for free.  Do you? 

If you want to build a new product (no matter if it's an alt coin or a RL product), you have two possibilities: (1) you become the boss of your own company, get the money needed and hire people. Or (2) you don’t think about payment and live an idea.

Before you ignore this, just take a look at the history of successful founders. I don’t talk about billion dollar companies like Facebook or Apple (both leaders were genious in one way but assholes in the other way and you cannot simply copy their business style). If you learn from successful companies, even maybe a successful restorant around your corner, you leanr a lot how to lead people. And that’s not what you want to do here.

The behavior you show here clearly displays a lack in the understanding how to build a business. And you are also not willing to communicate open enough to build a community. No matter how good your idea is, you will fail, if you do not improve your communication skills (and I am not talking about English grammar!).


Oh, and I know a lot programmers who work 30-60 hours/week on a project they love... with no payment.