Benson Samuel
Legendary
 Offline
Activity: 1890
Merit: 1000
Landscaping Bitcoin for India!
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January 31, 2014, 12:04:59 PM |
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Suggestions so far are:
Momentum algo
No limit with incremental growth.
- Number of coins per block awarded
- How often are blocks found?
- Frequency of difficulty retargets
- Number of blocks per day
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"I'm sure that in 20 years there will either be very large transaction volume or no volume." -- Satoshi
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subvolatil (OP)
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January 31, 2014, 12:09:16 PM |
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wow this thread is exploding i can even keep up with the replies . I think we should move to the group chat at IRC https://webchat.freenode.net/Channel - #taproom |
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G K G
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January 31, 2014, 12:12:41 PM |
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Population: India- 1.25Billion Srilanka- 21million Nepal-27.5million Pakistan-180million Indonesia-247million Mauritius-1.3million Seychelles-90000 OK  Thats not much. only less than 2 billion |
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G K G
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January 31, 2014, 12:15:45 PM |
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Ok. Now! i might be deviating from the initial idea... what about a coin exclusive for BRIC - the name is cool
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Benson Samuel
Legendary
Offline
Activity: 1890
Merit: 1000
Landscaping Bitcoin for India!
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January 31, 2014, 12:18:51 PM |
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Population: India- 1.25Billion Srilanka- 21million Nepal-27.5million Pakistan-180million Indonesia-247million Mauritius-1.3million Seychelles-90000 OK Thats not much. only less than 2 billion 1250000000 2100000 2750000 18000000 24700000 1300000 90000 1298940000 total Pop 259788000 Total Coins - Pop/5 - Why 5? Average Indian family size. Taking india as it is a large part of the demographic. |
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G K G
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January 31, 2014, 12:55:22 PM |
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Population: India- 1.25Billion Srilanka- 21million Nepal-27.5million Pakistan-180million Indonesia-247million Mauritius-1.3million Seychelles-90000 OK Thats not much. only less than 2 billion 1250000000 2100000 2750000 18000000 24700000 1300000 90000 1298940000 total Pop 259788000 Total Coins - Pop/5 - Why 5? Average Indian family size. Taking india as it is a large part of the demographic. you made a mistake. millions should have a additional zero The total comes to 1,726,890,000 |
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Benson Samuel
Legendary
Offline
Activity: 1890
Merit: 1000
Landscaping Bitcoin for India!
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January 31, 2014, 01:08:45 PM |
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Population: India- 1.25Billion Srilanka- 21million Nepal-27.5million Pakistan-180million Indonesia-247million Mauritius-1.3million Seychelles-90000 OK Thats not much. only less than 2 billion 1250000000 2100000 2750000 18000000 24700000 1300000 90000 1298940000 total Pop 259788000 Total Coins - Pop/5 - Why 5? Average Indian family size. Taking india as it is a large part of the demographic. you made a mistake. millions should have a additional zero The total comes to 1,726,890,000 Ughh, you are right. |
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Equate
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January 31, 2014, 01:18:36 PM |
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Why not use Scrypt-jane ? , all the new coins are adopting it , and it will be Scrypt ASIC proof against the upcoming Chinese Scrypt ASICS that will be launched in upcoming months and some of them are even functional.
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BitCoinDream
Legendary
Offline
Activity: 2324
Merit: 1204
The revolution will be digital
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January 31, 2014, 02:29:04 PM |
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Ok starting a project thread to discuss the creation of a alt coin specifically to increase volume and use in india. phases to the project Phase 1 Discuss the properties of the altcoin. Discuss problem and solutions. Implement Solution to check viability. Discuss and look into impact and viability Whitepaper release Phase 2 Development Testing Phase 3 add support systems. pools, Block Explorer, Exchanges, backup nodes, newbie guide add services Faucet, giveaways, games. Phase 4 logo design, wiki, webpage. IRC channel Phase 5 Release At the moment we can use the #taproom as the main channel for discussion. Will keep this thread updated with every new development. This will be a completely decentralized project, every one is invited to contribute, any thing from skill, advice, solutions, servers and workspace, time, or even the occasional troll  in a few days we can come up with a working model on how the coin should look like. So, what is the purpose ? PROFIT ?  |
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G K G
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January 31, 2014, 02:33:20 PM |
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Ok starting a project thread to discuss the creation of a alt coin specifically to increase volume and use in india. phases to the project Phase 1 Discuss the properties of the altcoin. Discuss problem and solutions. Implement Solution to check viability. Discuss and look into impact and viability Whitepaper release Phase 2 Development Testing Phase 3 add support systems. pools, Block Explorer, Exchanges, backup nodes, newbie guide add services Faucet, giveaways, games. Phase 4 logo design, wiki, webpage. IRC channel Phase 5 Release At the moment we can use the #taproom as the main channel for discussion. Will keep this thread updated with every new development. This will be a completely decentralized project, every one is invited to contribute, any thing from skill, advice, solutions, servers and workspace, time, or even the occasional troll in a few days we can come up with a working model on how the coin should look like. So, what is the purpose ? PROFIT ? experiment-fun-community |
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allcoinminer
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January 31, 2014, 05:34:47 PM |
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An India only coin first then release to other countries in the future? Think it will help to avoid some legal issues? Ok. Now! i might be deviating from the initial idea... what about a coin exclusive for BRIC - the name is cool
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mohammedfaiz143
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January 31, 2014, 07:53:49 PM |
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I think going for scrypt algo isn't a great idea because they are just too much of scrypt algo coins..
So it would be better to go Blake-256 or Skeincin sha3 or any other which is cpu and gpu friendly....
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thenoblebot
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February 01, 2014, 07:50:03 PM |
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damn dont know how i missed this .. will try to be in the irc soon .
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sambiohazard
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February 02, 2014, 07:22:29 AM |
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I don't know much about all this but I have read about scrypt-jane algo (Yacoin and microcoin use it) which uses something called nfactor which increases memory req every few weeks or months making it difficult to mine as time goes by. this makes it difficult even for GPUs to mine it like crazy let alone ASICs.
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subvolatil (OP)
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February 03, 2014, 07:37:28 AM |
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Please post if you want to add yourself to the team, you skill and what part of the project you want to contribute on .
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G K G
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February 03, 2014, 11:35:52 AM |
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of-course i"m in but i'm not in the coding side. any other part i can help.
I was in the discussions of day1 but after that i don't know what all advances you had . any news? when is the next discussion about this?
I have come up with new ideas for the numbers
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Benson Samuel
Legendary
Offline
Activity: 1890
Merit: 1000
Landscaping Bitcoin for India!
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February 03, 2014, 11:54:52 AM |
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of-course i"m in but i'm not in the coding side. any other part i can help.
I was in the discussions of day1 but after that i don't know what all advances you had . any news? when is the next discussion about this?
I have come up with new ideas for the numbers
Do share the numbers. That is not a part that I want to get into unless necessary. |
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subvolatil (OP)
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February 03, 2014, 11:59:33 AM |
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of-course i"m in but i'm not in the coding side. any other part i can help.
I was in the discussions of day1 but after that i don't know what all advances you had . any news? when is the next discussion about this?
I have come up with new ideas for the numbers
All the discussion was done on Friday, weekends was a bit to bussy for me but we had all decided to get our own spec, and post it so that we chose which one would be better to go with. Freenode IRC is facing a DDOS attack so its kind a unstable should be ok tonight. i hope. I will submit my specs tomorrow. https://bitcointalk.org/index.php?topic=444656.0 |
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subvolatil (OP)
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February 03, 2014, 12:01:00 PM |
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Benson would you want to be on the Coding part , i think even Mahin would want to do that too.
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Benson Samuel
Legendary
Offline
Activity: 1890
Merit: 1000
Landscaping Bitcoin for India!
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February 03, 2014, 12:03:19 PM |
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Benson would you want to be on the Coding part , i think even Mahin would want to do that too.
I can help with bits of the ecosystem as well like faucet, explorer, etc.. |
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