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Author Topic: Who wants to start an alt coin with me?  (Read 364 times)
israfelwater (OP)
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February 14, 2014, 08:20:01 PM
Last edit: February 14, 2014, 09:12:23 PM by israfelwater
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So who is ready and willing to work on a new coin?

Join Nektar, you'll wish you hadn't.

Problems to address:

1. decrease in mining earnings.

a. Instead of following an unstable exponential decay pattern in rewards we replace it with a natural Fibonacci pattern. I've been studying fractals recently, blah blah blah, the ideal ratio of new cells to large cells is Phi (Golden Ratio). The divine proportion is the ideal ratio for packing spirals about themselves. So instead of making the currency akin to gold, an exhaustible supply source, we put it into a natural growth and decay cycles. Meaning coin can be both created and destroyed in the mines.

2. Anonymity & Security

b. We have two block chains A and B. When someone wants a secure and/or anonymous transaction they send between the two chains. At which point a two week hold is put on the funds. And the coin is destroyed for block A and started a new in block B. Why a hold on the funds? For security. Every Wallet will have an email associated with it, and a confirmation email will be sent to the holder of the senders wallet, allowing time for him/her to cancel the transaction if it wasn't initiated.

3. Your reward for helping

c. The founding team will be set up phat in Nektar, but their will be a staged vesting period so that you may not trade out your Nektar until it has had a chance to increase in value.

4. Gold Standard,

e. Since BTC is the defacto Gold Std for crypto currencies. We will have a wallet set up for Nektar, and all Nektar coins will be backed by BTC. This means we can start mining Nektar now by setting up a pool to mine BTC and all the rewards will be put in the Nektar Wallet, and all the miners will recieve Nektar. The Wallet.dat file will be stored on a Raid Array 5 stripe drive codenamed Fort Knox. Each member of the founding team will have a single drive. Meaning all five drives will need to be united to recover the BTC from Fort Knox. Muhuhaha!


We need some other super good ideas to include in this Crypto Currency to end all Crypto Currencies, so please share what things you would like implemented.

Thanks, Joehttp://
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