[ANN] #coin

http://hashtagcoin.org/wp-content/uploads/2014/01/coin-with-round-border-med.png

#coin
Hashtag Coin

Website Video Twitter g+

This is an announcement of the intention to release hashtag coin in the coming days.
We are a small group of 3 based out of Sydney, Australia. This coin is in the late stages of development and we are hoping to get some feed-back from the community before a targeted 1st Mar launch.

Features

Key features of this coin
1. The coin will be CPU mining friendly to open mining up to more users
2. The coin will employ a mixed POS/POW to make it more resistant to network attacks
3. Confirmations will be less than Bitcoin to speed-up transactions

But we are open to other suggestions.

This coin will attempt to combine the better features of various alt-coins in the market.
What would you want to see in a coin?
What would you not want to see?

Launch

We also wanted to get some feedback to ensure a smooth launch.
In terms of a launch what are some of the pitfalls and how would you avoid them (what should we do//not do)

Community

What is the best way to build a community around #coin. We want to get it into the hands of as many people as possible beyond the mining scene.

Developers

We are also looking for an experienced developer who can assist with development. As the coin has not been released yet remuneration will be paid in LTC and not #C as stated on our website.

The best advice we can get would be from the community, people who live and breath this everyday and so we look forward to your suggestions.

Thanks for all your feedback (good and bad). Please also check out our website for an idea of where we want to take #coin. We hope to see you back here as early #coin supporters.

Bounties

Bounty for security consultant. We are aiming for a clean launch first off on the 25th January. We need someone with either working experience or extensive technical understanding of security issues that could affect our coin, e.g forking and provide ways we can prevent or solve them should they arise. Please PM me if you think you could be of assistance.

Note: you must be able to advise on the remedies and not just point out the problems. We are looking for all bases to be covered not some of them so please bear this in mind. Renumeration will be in #coin. [OPEN]

Bounty for Suggestions - Share your ideas. The most cost-effective ideas will be rewarded with a bounty 15 #coins (you need to post it first).
- How do we grow the #coin community?
- For promotions what is a fair amount of coins to give away and why?(50 mill coins total - 500k-1mill premine)
- How do we maintain the network hash-rate into the future? What incentives can we give?
The above Bounty ends January 19, 2014, 04:42:52 AM

Wallet feature : Allow BTC/#coin trading from within the #coin wallet. Developers who feel they can programme this feature are invited to apply. Renumeration will be in BTC or #coin.[OPEN]

The above Bounty will be implemented post launch

Updates

9 Feb

Launch has been delayed till early March

30 Jan

Full coin specs being released tonight. Join on Twitter if you would like them earlier.

19 Jan

Thanks to everyone who has left a message in the forum or in PM over the last 2 days. I've been in Canberra over the weekend but back now and I will get back to everyone in time. Some very good suggestions and also feed-back I will address in this thread.

17 Jan

Warning: We have not yet released any Source or any Binaries. Only download from our official website to be safe

16 Jan

http://hashtagcoin.org/wp-content/uploads/2014/01/walletpreview.png
#coin wallet completed. Onto block-explorer.

13 Jan

An excellent proposal by StewJ to allow BTC/#coin trading within the wallet. A bounty will be offered for a developer to assist with this feature.

12th Jan

I've updated the working specifications for #coin (see below). Your feedback is welcomed so we can move to the development phase. As always, we are happy to listen to any idea's as long as reasons are provided to back your case.

An important addition which will help the coin resist mining-pools which spike the network difficulty is Dr Kimoto Chans Gravity Well difficulty algorithm.

10th Jan

Getting the balance right for any coin is important so your suggestions are welcomed for #coin's specifications.
If you would like to make a suggestion please copy and paste the list into a thread, add what you would like to see, and, more importantly, how you feel it would benefit #coin.
- Based on Scrypt-Jane ---> Promotes solo CPU mining
- Protocol POS+POW hybrid ---> Improves resilience to network hash attacks
- Block generation - 2.5 min ---> Allows faster, transactional type payments when compared to Bitcoin
- Difficulty change Kimotos Gravity Well algorithm ---> Stabilises network hash rate & protects against large multipools
- Confirms 2 ---> Arbritary
- Coins per block 50 (halving every 500,000 blocks ~ 868 days ) ---> Arbitrary
- Total ~ 50 million coins ---> Arbitrary
- Premine ~ 500k-1million coins(1-2%) ---> IPO for investors who wish to purchase but not mine #coin (beneficial to all miners as it creates an initial value for #coin). These IPO sales will be used to cover initial and ongoing costs to drive #coin's development and profile. A public ledger is being considered to allow tracking of these costs to cover things that must be paid for dev's, website hosting and ongoing marketing.Thanks to StewJ for this idea.
- Block reward: Low nominal value till block 2,500 ---> On release initially first blocks upto block 2,500 (~4.5 days) pay-out only 1 coin. This allows everyone to setup their wallets and lets us fix any teething issues at this stage. Thanks to Halibat and illodin for their ideas here.
- Block 1 = 250k-500k (premine)
- Block 2 = 1
- Block 3 = 1
- …
- Block 2,500 = 50
- …
- Block 500,000 = 25
- …
- Block 1,000,000 = 12.5
9th Jan

Leaning towards a Scrypt-Jane implementation- Thanks to sydeu and halibit for their recommendations towards this. I would also like to thank all others for their suggestions. In the end the difference was Scrypt-Jane's ability to offer the best chance for solo-miners to mine which is one of our core requirements for #coin.