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Author Topic: New coin concept being worked on.. Feedback welcome  (Read 330 times)
Spoetnik
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April 03, 2014, 02:49:10 AM
 #1

This is getting locked..

see here, https://bitcointalk.org/index.php?topic=555375.new#new

I re-created the topic but self moderated it for obvious Trolling.
Thank you to the guy who gave the feedback earlier i tried to copy over your comments to the new topic.

FUD first & ask questions later™
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Spoetnigga
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April 03, 2014, 02:59:47 AM
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hi my name iz spunknik, i talk trash about craptsy and all da alt coins, but i like to talk shit bout making my own coin becuz that's how i roll. it will never happen tho and my post is a waste of internets. as a matter of fact all my postz are a waste of internets. whatuthink bout my leet coin idea?
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April 03, 2014, 03:06:13 AM
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Sounds like a good idea.

Actually someone posted way back some system for coins earned in return for storage space and bw supplied.

Nothing came of it though.

Of course this would be a far more useful way of generating coins than the pow work we are doing now.

I'm guessing this has not been done yet as there must be a minefield of exploits.

Although a skilled bunch of devs could perhaps pull it off.

Anyway yes way more interesting than 99.99% of coins released now.

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April 03, 2014, 03:37:47 AM
 #4

earning coins reminds me of the reward system various torrents use, better upload/download ratio = better speed.


a different aspect i've been considering is the anonymity that can be acheived with coins in conjunction with torrenting. i'm not really sure how you could use this to mine more coins though Smiley

the basic gist of where i've been pondering is -

the coin handles basic information using data attached to transactions, with the client making it useable.
the simple version.

- you link a file to Client1, so the file has  a unique identifier based on file properties.
- if you wants to download a file, Client2 adds a request with IP into the blockchain, all clients receive this request. Client1 and 2 then can connect and handle the data transfer as normal.

a more anonymous version could involve collecting IP's from numerous clients, and handling all data through an IP chain.
possibly encrypting the IP's such that any client can only read the top level address OR having other clients in the chain passing on data related to specific requests.

this would involve a few more coin transactions. - this is the tricky bit Smiley
- the request includes no originator IP.

Client2 puts out a first level request, Client3 adds a 2nd level request (with no obvious referral to Client2), then Client4 adds 3rd level etc.
(Client1 would only respond to a certain level request)
then Client1 responds to Client2 via Clients4,3 .. and vice versa using this chain for data transmission.


the blockchain could be quite small, as it only handles requests. and data could be dropped from it easily.
aggregators could function in two possible ways,
1. the send requests for specific files, and register their existence. regular requests could guage the availability of files.
- problem being knowing the name/identifier of file to request.
2. upon linking to the client, basic properties is broadcast into the chain. which can then be picked up by aggregators, or even the client.



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April 03, 2014, 08:00:30 AM
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hi my name iz spunknik, i talk trash about craptsy and all da alt coins, but i like to talk shit bout making my own coin becuz that's how i roll. it will never happen tho and my post is a waste of internets. as a matter of fact all my postz are a waste of internets. whatuthink bout my leet coin idea?



Lol you must be full blown stupid making a parody account.


I am posting for some feedback.. i have had an idea that i mentioned before for a new coin system.
And it will not rely on hashing at all !

What is doing the work ? Your Wifi or Ethernet cards Smiley

I made a mod of a file sharing program almost 10 years ago that i think can be adapted to a coin/currency system.
Right now i am trying to think of all the angles but i had worked on the open-source program called eMule before
and i had done work on the credit system it uses and what i am looking at right now is if it can be modded for crypto uses or not.

sorry i know i am a rambling disorganized wingnut so bear with me people Wink

File sharing is my Passion it always has been..
What i envision is NOT being rewarded for finding blocks hashing but you are rewarded for sharing files.
This idea is good because we can ease up on the wasting of electricity and help promote file sharing.
And i think this idea will help miners and not mining farms.. keeping a lot more of the common man involved with mining and not just huge million dollar operations.

This is no white paper with some fancy proposal i'm just saying i am actually looking at doing it because i want to see some innovation in the scene.
If i used emule as a base for this new project i already know what i am doing with it and it would offer a lot of advantages..
For example emule already has a built in IRC client / message system. It's also open source and has clients running on all platforms.

So i have already worked before on eMules GUI and added new features under the hood and new GUI options to control them such as a custom credit system.

So anyone out there done any work on eMule too and into crypto stuff ? Any thoughts on this idea ?
Right now i am thinking security and how a credit system would have to work so it doesn't get exploited..

Rather than bitching i think maybe it's time to just show the cloners how it's done lol


Maybe start with github and link a repository  Cheesy
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