Recipe for Simple Money

[tromp]

Simple emission
    1 coin per second forever. Simply fair. Simply disinflationary. Decentralize the wealth.

Simple block interval
    One minute. 60 seconds. 60 coin subsidy.

Simple consensus
    Proof of Work. Most cumulative difficulty wins.

Simple protocol
    In (pure) Mimblewimble, outputs are Pedersen commitments r*G+v*H
    combining value v and blinding factor r into a single curve point.
    The blinding factor serves both to hide the value and to control ownership.

Simple audit
    Σ unspent-outputs = Σ kernel + offset * G + height * 60e9 * H
    Each kernel is a provable commitment to 0 (as is offset * G)
    height * 60e9 is the expected number of nanocoins emitted in height blocks.

Simple PoW algorithm
    Cuckatoo Cycle. Find a 42-cycle in a huge random graph. Instantly verifiable in 42 lines of code.

Simple Difficulty Adjustment
    diff’ = diff * 4-hours / (4-hours - 60-seconds + last_block_time)

Simple mixing
    CoinSwap can non-interactively mix thousands of self spends each day or hour.

Simple scripting
    No scripts, aka scriptless scripts.
    Supports nearly all Bitcoin script functionality, with none of the complexity:
   multi-signatures, atomic swaps, discreet log contracts, bidirectional payment channels, etc.

Simple implementations
    Small Rust and C++ codebases.

Simple security
    Complexity is the enemy of security. Keep it simple to keep it secure.

[Jating]

You forget about promotion, advertise them to social media groups to attract investors, simply as that, lol. 4Chan might be a good place to start.

And then pay someone to write the whitepaper for you, then your project is off to go.

And that is why we have seen thousands of crypto right now because it is easy to developed, became a shitcoin, developer dumping it to make more money, rinse and repeat. That's why we always advise to DYOR and the risk involved, invest what you can afford to risk attitude here because you just don't know what coins you are going to put your money and what it's gonna do in the future.

[tromp]

attract investors

There are no investors, only miners.

write the whitepaper

Already done: https://download.wpsoftware.net/bitcoin/wizardry/mimblewimble.txt

developer dumping it

They can't because there's no premine.

[goinmerry]

If everything is that easy, no one will have a problem. That's not how it works.

Even with how effective those "recipes" is, we can't hide the fact that in the process, there will always be a problem.

Just go with the flow and make sure that every action is being taken care of. In the long run, we should be able to see good results.

[oryhp]

If everything is that easy, no one will have a problem. That's not how it works.

Even with how effective those "recipes" is, we can't hide the fact that in the process, there will always be a problem.

Everything was that easy - this recipe has been executed.