this coin is dead even before starting, the concept of excluding mining pool is revolutionary, but the block time delay, the difficulty will lead into everyone abandoning the coin, because only a big farm will eventually mine the coin, why would a normal person with simple hashrate keep spending electricity and money in 0 coins?
if the distribution was more equally distributed (i don't mean everyone must receive coins, but there is a big difference in the current system where someone get all, and everyone else get zero)
on telegram you are focused only on your idea, without listening people, and remember that people are the community, bitcoin would be nothing without community supporting it, remember that.
It's a bit more complicated than that. You should try not to think in traditional patterns but rather adopt a more lottery-oriented approach.
Let me try to explain.
Imagine such a system after a few years, with a block reward of $25,000.
Someone comes to mine with their PC and GPU. They realize, based on statistics, that it would take them 2 to 3 years on average to find a block.
Some people won't try, but others will take their chances—many will take their chances.
From there, many possibilities arise.
They could get lucky and quickly find a block, then continue mining. They could also stop after finding one block.
They might be unlucky and never stop out of pride, spending years trying to find a block—a block that could ultimately reward them far more than they initially imagined.
In every scenario, someone is individually protecting the chain. The bet is that these individuals will number in the thousands at all times.
Of course, this won't prevent mining farms from competing to gain hashrate, but it will remain farm vs. farm, just on another scale—or possibly private pools. But never public pools.
This will result in a coin that is more decentralized and resistant to attacks than Bitcoin, and likely less energy-intensive, because the curve is broken by the lottery factor.
The imposed solo mining is a unique constraint that is still little known, and that's the whole interest of this technology.
All of this might take time to be understood because it’s new; personally, it took me several months.
Another important thing you need to know is that, for another reason, you are right—this coin is likely doomed to fail because it is a joke, or rather, a message.
In fact, the concept has already been implemented for over a year in another coin, which you should have no trouble finding. There’s a large community, but the story of that coin is chaotic because the protocol was built in several stages.
Here, you have the latest version—the one that is probably perfect but has not yet been implemented in the original coin. That coin would need to be forked to do so.
Know that the same person is behind all of this, and that person is a genius.
