Bitcoin Forum
May 04, 2024, 10:15:58 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Pre-mine idea  (Read 848 times)
AliceWonder (OP)
Full Member
***
Offline Offline

Activity: 168
Merit: 100



View Profile
July 18, 2014, 04:33:26 PM
 #1

I'm not making a coin.

Just an idea to float out to those who are making them (and please don't without good reason)

10% pre-mine but the pre-mine is locked, blockchain won't allow them to be spent.

Every X blocks, where X is the typical number that would be generated in 3 months, 1/12 of the pre-mined coins are released and can be spent by the devs.

This would prevent a pump and dump as it would take 3 years for all the pre-mined coins to be made available and would incentivize the devs to keep the project on track - if the coin goes down the dumper, then the value of the coins in the pre-mine go down the dumper too before they can be sold.

But for the first 3 years of development it could inject much needed dev funds to the dev team if the coin does well.

Thoughts?

QuarkCoin - what I believe bitcoin was intended to be. On reddit: http://www.reddit.com/r/QuarkCoin/
1714817758
Hero Member
*
Offline Offline

Posts: 1714817758

View Profile Personal Message (Offline)

Ignore
1714817758
Reply with quote  #2

1714817758
Report to moderator
1714817758
Hero Member
*
Offline Offline

Posts: 1714817758

View Profile Personal Message (Offline)

Ignore
1714817758
Reply with quote  #2

1714817758
Report to moderator
1714817758
Hero Member
*
Offline Offline

Posts: 1714817758

View Profile Personal Message (Offline)

Ignore
1714817758
Reply with quote  #2

1714817758
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1714817758
Hero Member
*
Offline Offline

Posts: 1714817758

View Profile Personal Message (Offline)

Ignore
1714817758
Reply with quote  #2

1714817758
Report to moderator
1714817758
Hero Member
*
Offline Offline

Posts: 1714817758

View Profile Personal Message (Offline)

Ignore
1714817758
Reply with quote  #2

1714817758
Report to moderator
spud21
Sr. Member
****
Offline Offline

Activity: 342
Merit: 250



View Profile
July 18, 2014, 05:16:13 PM
 #2

It sounds good to me. The dev gets paid based on long term performance.
KimNam
Hero Member
*****
Offline Offline

Activity: 644
Merit: 500



View Profile
July 18, 2014, 06:52:00 PM
 #3

interesting idea, so devs will get premined coin little by little amount until 3 years
if the devs are really want to develop that coin and make them success, i'm sure they will gladly accept this idea
but, scam devs won't, they just want get quick profit by dump their own coin Sad
YarkoL
Legendary
*
Offline Offline

Activity: 996
Merit: 1012


View Profile
July 18, 2014, 07:11:50 PM
 #4

I think the idea is worthy of consideration. Now how to implement it?

NLocktime?
or
script?

“God does not play dice"
AliceWonder (OP)
Full Member
***
Offline Offline

Activity: 168
Merit: 100



View Profile
July 18, 2014, 07:22:08 PM
 #5

12 different special addresses at start. Blockchain does not allow address A to be used as an input until Nth block, address B unitl 2Nth block, etc.

QuarkCoin - what I believe bitcoin was intended to be. On reddit: http://www.reddit.com/r/QuarkCoin/
YarkoL
Legendary
*
Offline Offline

Activity: 996
Merit: 1012


View Profile
July 18, 2014, 07:24:42 PM
 #6

I see!

Great simple idea.

“God does not play dice"
spud21
Sr. Member
****
Offline Offline

Activity: 342
Merit: 250



View Profile
July 18, 2014, 07:32:15 PM
 #7

Simple ideas are often the best and also the most difficult ones to think of.
Willisius
Sr. Member
****
Offline Offline

Activity: 364
Merit: 250

I'm really quite sane!


View Profile
July 18, 2014, 07:42:14 PM
 #8

I think nLockTime would do this perfectly.
YarkoL
Legendary
*
Offline Offline

Activity: 996
Merit: 1012


View Profile
July 18, 2014, 10:00:05 PM
 #9

I think nLockTime would do this perfectly.

that would work, but hardcoded addresses in the source
are easier to understand by the users, and everyone can check
their state from an explorer.

 nLockTime is a bit more exotic, even though
it has been there from the very beginning.



“God does not play dice"
d5000
Legendary
*
Offline Offline

Activity: 3906
Merit: 6171


Decentralization Maximalist


View Profile
July 18, 2014, 10:04:35 PM
 #10

Even better would be a increased "dev bounty payout" rate.

Example: at start = devs get nothing, after three months, 1%, after six months, 2% more, etc.

So they will only really benefit if they really maintain it long-term.

█▀▀▀











█▄▄▄
▀▀▀▀▀▀▀▀▀▀▀
e
▄▄▄▄▄▄▄▄▄▄▄
█████████████
████████████▄███
██▐███████▄█████▀
█████████▄████▀
███▐████▄███▀
████▐██████▀
█████▀█████
███████████▄
████████████▄
██▄█████▀█████▄
▄█████████▀█████▀
███████████▀██▀
████▀█████████
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
c.h.
▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄
▀▀▀█











▄▄▄█
▄██████▄▄▄
█████████████▄▄
███████████████
███████████████
███████████████
███████████████
███░░█████████
███▌▐█████████
█████████████
███████████▀
██████████▀
████████▀
▀██▀▀
YarkoL
Legendary
*
Offline Offline

Activity: 996
Merit: 1012


View Profile
July 18, 2014, 10:06:52 PM
 #11

Even better would be a increased "dev bounty payout" rate.

Example: at start = devs get nothing, after three months, 1%, after six months, 2% more, etc.

So they will only really benefit if they really maintain it long-term.

I think dependency on market valuation would provide greater
incentive to work hard.

“God does not play dice"
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!