Coin implementations

[Abinito]

Start from scratch (none existing scrypt):

It it possible to:

-  Create auto-build wallet/interface for all platforms that automatically start mining
- "lock" incoming hashing power per IP adres to a few kh/s and share the blockreward equally between miners
-  Establish a USB security/payment key with the desktop wallet interface.
-  DNS like function (before you connect to the network for the first time, add custom name)

Together with very fast transactions the system could look like:

Installation / setup

1. dowload & install wallet / interface
2. add custom adres name and pass
3. connect to network (start mining instantly)
4. insert empty USB
5. select USB in the wallet interface and click create USB KEY
6. after the USB KEY is ready shut down internet and newly created desktop wallet
7. auto launch USB KEY and insert/save custom 4 digit pin
8. reconnect with internet and open desktop wallet
9. insert 4 digit pin and acces (this will now only work with the USB stick attached)
10. set USB stick parameters (max amount per day, etc)

Payment online (desktop)

1. insert payment adres or name
2. insert amount
3. connect USB
4. insert pin
5. send

Payment with USB

1. insert USB in newly to develop USB payment terminal
2. insert pin
3. send

[mgburks77]

Sounds very interesting and innovative. Are you going to build it?

[Abinito]

Sounds very interesting and innovative. Are you going to build it?

Thanks. I am not going to build it.

If things seem to be possible i will pay for development.

[Propulsion]

You could call it communism coin.

[Snail2]

-  Create auto-build wallet/interface for all platforms that automatically start mining
-> Platform independent stuff... Java maybe HTML5.

- "lock" incoming hashing power per IP adres to a few kh/s and share the blockreward equally between miners
-> Communism never worked in practice. Actually exactly this is why it failed economically.

-  Establish a USB security/payment key with the desktop wallet interface.
-> An Aladdin eToken can do this if you want to do this with a USB thingy. 

-  DNS like function (before you connect to the network for the first time, add custom name)
-> NXT and eMunie using such aliases

[Abinito]

You could call it communism coin.

Why? Because it is harder / more expensive to earn more than average doesnt mean its impossible. This coin is not intended to be the new Cuba coin.

[Abinito]

-  Create auto-build wallet/interface for all platforms that automatically start mining
-> Platform independent stuff... Java maybe HTML5.

- "lock" incoming hashing power per IP adres to a few kh/s and share the blockreward equally between miners
-> Communism never worked in practice. Actually exactly this is why it failed economically.

-  Establish a USB security/payment key with the desktop wallet interface.
-> An Aladdin eToken can do this if you want to do this with a USB thingy. 

-  DNS like function (before you connect to the network for the first time, add custom name)
-> NXT and eMunie using such aliases

Thanks for your thoughts.

The lock is intended to both secure and stop wasting power. The idea is that people run the software when their computer is already on while it doesnt affect speed and PSU usage.

[Abinito]

-  Create auto-build wallet/interface for all platforms that automatically start mining
-> Platform independent stuff... Java maybe HTML5.

It would be great if the auto-build could establish a hassle free solo miner operation instantly. This would rule out pools but create a problem with the blockreward. The blockreward should be equally divided. Do you think a decentralised divide system can be build in the scrypt?