list of bitcoin-like proposed currencies and chains

[jtimon]

Hi, I think it would be a good idea to have all proposals together.
It is easier to discuss them this way.

For already working forks you have this list: https://bitcointalk.org/index.php?topic=37423

I've seen these proposals so far:

-FreiCoin (with demurrage, reduces interest and maintain the nominal reward for miners, the proportional reward for miners decreases until the maximum monetary base is reached)
http://www.freicoin.org/
https://bitcointalk.org/index.php?topic=36190.0
https://bitcointalk.org/index.php?topic=6549.0

-ExpoCoin/KingCoin (with an exponentially growing supply, maintains the proportional reward for miners, is not equivalent to freicoin!!)

-RippleCoin (like bitcoin, but the chain can have ripple transactions too. The fees for those transactions can be payed with ripplecoins or with ripple IOUs)
http://bitcointalk.org/index.php?topic=3557.0
implement ripple with colored coins: https://bitcointalk.org/index.php?topic=92421.msg1217467#msg1217467

Related, but a protocol without a chain: https://bitcointalk.org/index.php?topic=60591

-ExchangeChain/ (a decentralized exchange within a chain)
Any other chain currency can be traded atomically for middlecoins (or any chain currency that looks into this chain and has conditional transactions)
This can be made with contracts.

-EscrowCoin (like middlecoin transactions can depend on exchangeChain commits, escrow coins need to know the rules and results on other chains like option chain or reserve coin) I'm starting to doubt a new chain is needed for this.

-ReserveCoin (uses escrowcoin as a reserve of a new issued currency, the chain also buys reservecoins in exchange of escrowcoins)
The currency is pegged to escrowcoin but somehow the chain targets stable prices.

-Beertokens (backed crypto-currency that targets the value of a beer, issuing is centralized)
https://bitcointalk.org/index.php?topic=24209.0

-DerivativeChain (an options market within a chain, paid for in escrowcoin, can depend on exchange chain prices or needs a decentralized price index)

-StableCoin (adapt the monetary base to target a value using a decentralized price index) You could do it better destroying money through demurrage instead of fees.

-ReferenceCoin (just the target of stablecoin, it is not actually issued, but its price is provided inside another chain. it is useful for contracts)

-ECC (adjusting difficulty (and supply) to match 1 ECC = 1 Kw)

-TimeCoin (with an always growing supply, but constant growth instead of exponential) I can't see any reason why you would want it instead of expocoin.
http://bitcointalk.org/index.php?topic=2971.0

-Bitcoin Plus or BCP (BTCs can be converted into BCP. Their conversion value depends on the difficulty with which they were generated)

-SteadyCoin (The curve for coins creation is changed to reduce the reward for early adopters) It is proposed somewhere in the BCP thread.

-TownCoin (honestly I don't get it, so I can't summarize it)

-OtherCoin (EuroBitcoin, AmeroBitcoin, AfroBitcoin...AgBitcoin, Bitgold...; just another chain with no different properties than bitcoin, maybe a different total target money supply) This proposal is all around the forum, but I think it doesn't make much sense.

Note that some of them can be combined, for example, any currency can also have the properties of middlecoin and escrowcoin.
Please, post here any proposal that had appeared in the forum.

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[jtimon]

Is there a post for the AgBitcoin?

[Shortline]

Here's a discussion amongst the Ripple developers about a p2p implementation of Ripple using a bitcoin-like blockchain.

http://groups.google.com/group/rippleusers/browse_thread/thread/eac0505ca4e5b839

I don't know how far they've gotten with this idea though.

[jtimon]

Here's a discussion amongst the Ripple developers about a p2p implementation of Ripple using a bitcoin-like blockchain.

http://groups.google.com/group/rippleusers/browse_thread/thread/eac0505ca4e5b839

I don't know how far they've gotten with this idea though.

Actually I started that thread.
In the current draft of the distributed ripple protocol, the timestamping is optional and is done by registries.

https://groups.google.com/forum/#!topic/rippleusers/Ruy_QIb0AAY

However, I'm trying to convince the actual developers to allow registries to be a p2p network like a block chain and not require the registries to be in a HTTP server.
One of the various solutions for ripple involving a bock chain that emerged in that discussion needed a parallel chain that issues rippleCoins.
So I'm going to add it to the list, even if the ripple group doesn't need that solution right now.

Thanks

[Shortline]

Ripple is really interesting, both for the fact that it's genuinely revolutionary (no kidding here, the implications seem to run deep) and for the fact that it's been going since 2006 and hasn't really taken off, not compared to bitcoin. Financial incentives are higher for early adopters of btc maybe... at any rate, ripple is pretty cool. Good idea with that blockchain thing!

And just for people reading this list, there's also Open Transactions, not really bitcoin like but complementary in every way. https://github.com/FellowTraveler/Open-Transactions

[AntiVigilante]

I link to yours if you link to mine. LOL.

A proposal to structure all this diversity rather than keep fighting it:

http://bitcointalk.org/index.php?topic=7841.0

Hi, I think it would be a good idea to have all proposals together.
It is easier to discuss them this way.
I've seen these proposals so far:

-Timecoin (with an always growing supply)
http://bitcointalk.org/index.php?topic=2792.0
http://bitcointalk.org/index.php?topic=2971.0

-Freicoin (with demurrage)
http://bitcointalk.org/index.php?topic=6549.0
http://bitcointalk.org/index.php?topic=3816.0

-ECC (adjusting difficulty (and supply) to match 1 ECC = 1 Kw)
http://bitcointalk.org/index.php?topic=7182.0

-OtherCoin (EuroBitcoin, AmeroBitcoin, AfroBitcoin...AgBitcoin, just another chain with no different properties than bitcoin, maybe a different total money supply):
http://bitcointalk.org/index.php?topic=6955.0

-NameCoin (like bitcoin, but allows to instantly pay for domains registered in the same chain).
http://bitcointalk.org/index.php?topic=6017.0

-KingCoin/ExpoCoin (with an exponentially growing supply)
http://bitcointalk.org/index.php?topic=2792.msg110548#msg110548

-RippleCoin (like bitcoin, but the chain can have ripple transactions too. The fees for those transactions can be payed with ripplecoins or with ripple IOUs)
https://groups.google.com/forum/#!topic/rippleusers/Ruy_QIb0AAY
http://bitcointalk.org/index.php?topic=3557.0
https://groups.google.com/forum/#!topic/rippleusers/J2MZgLguLHo

Please, post here any proposal that had appear in the forum.

[jtimon]

Ripple is really interesting, both for the fact that it's genuinely revolutionary (no kidding here, the implications seem to run deep) and for the fact that it's been going since 2006 and hasn't really taken off, not compared to bitcoin. Financial incentives are higher for early adopters of btc maybe... at any rate, ripple is pretty cool. Good idea with that blockchain thing!

Thank you.
If, like me, you're interested in alternative currencies, you may like these links:

http://p2pfoundation.net/Category:Money

http://p2pfoundation.net/Open_Money

http://www.complementarycurrency.org/ccDatabase/les_public.html

By the way, probably bitcoin should be listed there as a complementary currency.

And just for people reading this list, there's also Open Transactions, not really bitcoin like but complementary in every way. https://github.com/FellowTraveler/Open-Transactions

I'm not sure, but I think bitcoin and ripple can integrate with open transactions. If not, I think they will.

[tomcollins]

Ripple is really interesting, both for the fact that it's genuinely revolutionary (no kidding here, the implications seem to run deep) and for the fact that it's been going since 2006 and hasn't really taken off, not compared to bitcoin. Financial incentives are higher for early adopters of btc maybe... at any rate, ripple is pretty cool. Good idea with that blockchain thing!

Thank you.
If, like me, you're interested in alternative currencies, you may like these links:

http://p2pfoundation.net/Category:Money

http://p2pfoundation.net/Open_Money

http://www.complementarycurrency.org/ccDatabase/les_public.html

By the way, probably bitcoin should be listed there as a complementary currency.

And just for people reading this list, there's also Open Transactions, not really bitcoin like but complementary in every way. https://github.com/FellowTraveler/Open-Transactions

I'm not sure, but I think bitcoin and ripple can integrate with open transactions. If not, I think they will.

Blowjobcoin - you get one coin for each blowjob you give me.

[jtimon]

Ripple is really interesting, both for the fact that it's genuinely revolutionary (no kidding here, the implications seem to run deep) and for the fact that it's been going since 2006 and hasn't really taken off, not compared to bitcoin. Financial incentives are higher for early adopters of btc maybe... at any rate, ripple is pretty cool. Good idea with that blockchain thing!

Thank you.
If, like me, you're interested in alternative currencies, you may like these links:

http://p2pfoundation.net/Category:Money

http://p2pfoundation.net/Open_Money

http://www.complementarycurrency.org/ccDatabase/les_public.html

By the way, probably bitcoin should be listed there as a complementary currency.

And just for people reading this list, there's also Open Transactions, not really bitcoin like but complementary in every way. https://github.com/FellowTraveler/Open-Transactions

I'm not sure, but I think bitcoin and ripple can integrate with open transactions. If not, I think they will.

Blowjobcoin - you get one coin for each blowjob you give me.

If you're not interested it this thread, you can just ignore it.

[tomcollins]

Ripple is really interesting, both for the fact that it's genuinely revolutionary (no kidding here, the implications seem to run deep) and for the fact that it's been going since 2006 and hasn't really taken off, not compared to bitcoin. Financial incentives are higher for early adopters of btc maybe... at any rate, ripple is pretty cool. Good idea with that blockchain thing!

Thank you.
If, like me, you're interested in alternative currencies, you may like these links:

http://p2pfoundation.net/Category:Money

http://p2pfoundation.net/Open_Money

http://www.complementarycurrency.org/ccDatabase/les_public.html

By the way, probably bitcoin should be listed there as a complementary currency.

And just for people reading this list, there's also Open Transactions, not really bitcoin like but complementary in every way. https://github.com/FellowTraveler/Open-Transactions

I'm not sure, but I think bitcoin and ripple can integrate with open transactions. If not, I think they will.

Blowjobcoin - you get one coin for each blowjob you give me.

If you're not interested it this thread, you can just ignore it.

I'm interested.  I've actually doubled my reward to 2 Blowjob coins per blowjob given, and 20 if it's a hot female.

[jtimon]

I'm interested.  I've actually doubled my reward to 2 Blowjob coins per blowjob given, and 20 if it's a hot female.

-BlowjobCoin (doesn't need a block chain; 2 Blowjob coins per blowjob given, and 20 if it's a hot female; centralized issuing by tomcollins)
http://bitcointalk.org/index.php?topic=7500.msg114752#msg114752

I was going to add it to the list, but you can issue IOUs in any unit you want using ripple, even blowjobs.
If it doesn't need a block chain, I don't think it has to be in the list.

[marcus_of_augustus]

Bitgold

Basically we just simply take the bitcoin source, search and replace 'bitcoin' with 'bitgold' and start generating gold ... we need to change few things like port number and etc so it plays nicely with bitcoin and we could also change a few rules like say issue the say total amount of bitgold bits as there are currently physical grams of gold in the world (over the next 56years say?) and keep it inflating at same approx. rate that gold is being mined up ~2.25% ...

[jtimon]

Bitgold

Basically we just simply take the bitcoin source, search and replace 'bitcoin' with 'bitgold' and start generating gold ... we need to change few things like port number and etc so it plays nicely with bitcoin and we could also change a few rules like say issue the say total amount of bitgold bits as there are currently physical grams of gold in the world (over the next 56years say?) and keep it inflating at same approx. rate that gold is being mined up ~2.25% ...

It seems similar to AgBitcoin and such. Gold mining will eventually stop, so if you want to emulate gold, the supply should stop at some point like in bitcoin. I'll add it to the othercoin sublist.

[luv2drnkbr]

I'm interested.  I've actually doubled my reward to 2 Blowjob coins per blowjob given, and 20 if it's a hot female.

;;buy 2 BJC at 0.95 BLOWJOBS no paypal sorry

[The Script]

Ripple is really interesting, both for the fact that it's genuinely revolutionary (no kidding here, the implications seem to run deep) and for the fact that it's been going since 2006 and hasn't really taken off, not compared to bitcoin. Financial incentives are higher for early adopters of btc maybe... at any rate, ripple is pretty cool. Good idea with that blockchain thing!

Thank you.
If, like me, you're interested in alternative currencies, you may like these links:

http://p2pfoundation.net/Category:Money

http://p2pfoundation.net/Open_Money

http://www.complementarycurrency.org/ccDatabase/les_public.html

By the way, probably bitcoin should be listed there as a complementary currency.

And just for people reading this list, there's also Open Transactions, not really bitcoin like but complementary in every way. https://github.com/FellowTraveler/Open-Transactions

I'm not sure, but I think bitcoin and ripple can integrate with open transactions. If not, I think they will.

Blowjobcoin - you get one coin for each blowjob you give me.

If you're not interested it this thread, you can just ignore it.

I'm interested.  I've actually doubled my reward to 2 Blowjob coins per blowjob given, and 20 if it's a hot female.

What's the exchange rate between those and BTC?

[marcus_of_augustus]

BlowCoin

private, fully anonymous currency reserved for illegal activities and criminals everywhere. Legitimate activities are discouraged to use BlowCoin because it only confuses the public, we gotta know who the baddies are and if you use BlowCoin you are definitely a bad-ass. Can be used by/backed with blow, blow dealers, blow jobs from hookers, weapons smugglers and bombers who like to blow things up.

[tomcollins]

What's the exchange rate between those and BTC?

The market will decide.

[Zerbie]

How about doing all of those... but setting it up so that coins in the BitCoin chain must be publicly destroyed before creating the same amount of coins in these others.  This will eliminate any problems with inflation and increase acceptance of these alternatives.  If successful, then perhaps BitCoin could have the same mechanism of accepting coins from these other types... so long as these other coins are publicly destroyed before moving them back into the BitCoin system.

[AntiVigilante]

How about doing all of those... but setting it up so that coins in the BitCoin chain must be publicly destroyed before creating the same amount of coins in these others.  This will eliminate any problems with inflation and increase acceptance of these alternatives.  If successful, then perhaps BitCoin could have the same mechanism of accepting coins from these other types... so long as these other coins are publicly destroyed before moving them back into the BitCoin system.

Entropy in human behavior and software development cycles would play havoc with trying to have them destroyed.

An abundance of variants would cause inflation to crash in bitcoin making all of them stronger due to the competition.

[Zerbie]

How about doing all of those... but setting it up so that coins in the BitCoin chain must be publicly destroyed before creating the same amount of coins in these others.  This will eliminate any problems with inflation and increase acceptance of these alternatives.  If successful, then perhaps BitCoin could have the same mechanism of accepting coins from these other types... so long as these other coins are publicly destroyed before moving them back into the BitCoin system.

Entropy in human behavior and software development cycles would play havoc with trying to have them destroyed.

An abundance of variants would cause inflation to crash in bitcoin making all of them stronger due to the competition.

The destination key could be the hash of some block within the last 24 hours.  That would be good proof that the BitCoins are destroyed in the BitCoin chain.  The chance that someone has a private key of a block hash is near zero... and good proof of their destruction.

I would rather see an attempt at compatibility, rather than a lot of competing electronic currencies.

EDIT: If the main block chain can see the number of coins being destroyed/sent to an alternative system, then the alternative system has a reference to verify that there is no inflation.

[AntiVigilante]

How about doing all of those... but setting it up so that coins in the BitCoin chain must be publicly destroyed before creating the same amount of coins in these others.  This will eliminate any problems with inflation and increase acceptance of these alternatives.  If successful, then perhaps BitCoin could have the same mechanism of accepting coins from these other types... so long as these other coins are publicly destroyed before moving them back into the BitCoin system.

Entropy in human behavior and software development cycles would play havoc with trying to have them destroyed.

An abundance of variants would cause inflation to crash in bitcoin making all of them stronger due to the competition.

The destination key could be the hash of some block within the last 24 hours.  That would be good proof that the BitCoins are destroyed in the BitCoin chain.  The chance that someone has a private key of a block hash is near zero... and good proof of their destruction.

I would rather see an attempt at compatibility, rather than a lot of competing electronic currencies.

EDIT: If the main block chain can see the number of coins being destroyed/sent to an alternative system, then the alternative system has a reference to verify that there is no inflation.

Bitcoin behavior is having no effect on gold. Creation of variants even through the same software are naturally separate. There would be no inflation except within a currency. Think of cross currency trades like gears pushing each other. Instead of a trade you have a turn of the gear and people exchanging seats on the gears.

Destroying gains you nothing. The percentages are the same whether you have 50 of A and B or 100 of each.

Two merry-go-rounds if you prefer that metaphor.

As for compatibility, I proposed a 4 tier system arrangement which allows variants, bitcoin, and bitcoin sister currencies to play nicely through a basket currency.

I'm starting that Monday.

[BitterTea]

Based on the idea of Blowcoin...

What if we create a fork just for illegal transactions? Nobody will ever use it of course, but we can point to it and say "oh no, nothing illegal going on here, that all happens over there -->".

[AntiVigilante]

Based on the idea of Blowcoin...

What if we create a fork just for illegal transactions? Nobody will ever use it of course, but we can point to it and say "oh no, nothing illegal going on here, that all happens over there -->".

LOL. but then we now have .xxx

[Zerbie]

How about doing all of those... but setting it up so that coins in the BitCoin chain must be publicly destroyed before creating the same amount of coins in these others.  This will eliminate any problems with inflation and increase acceptance of these alternatives.  If successful, then perhaps BitCoin could have the same mechanism of accepting coins from these other types... so long as these other coins are publicly destroyed before moving them back into the BitCoin system.

Entropy in human behavior and software development cycles would play havoc with trying to have them destroyed.

An abundance of variants would cause inflation to crash in bitcoin making all of them stronger due to the competition.

The destination key could be the hash of some block within the last 24 hours.  That would be good proof that the BitCoins are destroyed in the BitCoin chain.  The chance that someone has a private key of a block hash is near zero... and good proof of their destruction.

I would rather see an attempt at compatibility, rather than a lot of competing electronic currencies.

EDIT: If the main block chain can see the number of coins being destroyed/sent to an alternative system, then the alternative system has a reference to verify that there is no inflation.

Bitcoin behavior is having no effect on gold. Creation of variants even through the same software are naturally separate. There would be no inflation except within a currency. Think of cross currency trades like gears pushing each other. Instead of a trade you have a turn of the gear and people exchanging seats on the gears.

Destroying gains you nothing. The percentages are the same whether you have 50 of A and B or 100 of each.

Two merry-go-rounds if you prefer that metaphor.

As for compatibility, I proposed a 4 tier system arrangement which allows variants, bitcoin, and bitcoin sister currencies to play nicely through a basket currency.

I'm starting that Monday.

Without an agreement upon the number of coins in the system, these projects only serve to dilute the efficacy of BitCoins by confusion for the end users.  I strongly oppose this, as it just servers to divide (and conquer?) the BitCoin project.

[AntiVigilante]

How about doing all of those... but setting it up so that coins in the BitCoin chain must be publicly destroyed before creating the same amount of coins in these others.  This will eliminate any problems with inflation and increase acceptance of these alternatives.  If successful, then perhaps BitCoin could have the same mechanism of accepting coins from these other types... so long as these other coins are publicly destroyed before moving them back into the BitCoin system.

Entropy in human behavior and software development cycles would play havoc with trying to have them destroyed.

An abundance of variants would cause inflation to crash in bitcoin making all of them stronger due to the competition.

The destination key could be the hash of some block within the last 24 hours.  That would be good proof that the BitCoins are destroyed in the BitCoin chain.  The chance that someone has a private key of a block hash is near zero... and good proof of their destruction.

I would rather see an attempt at compatibility, rather than a lot of competing electronic currencies.

EDIT: If the main block chain can see the number of coins being destroyed/sent to an alternative system, then the alternative system has a reference to verify that there is no inflation.

Bitcoin behavior is having no effect on gold. Creation of variants even through the same software are naturally separate. There would be no inflation except within a currency. Think of cross currency trades like gears pushing each other. Instead of a trade you have a turn of the gear and people exchanging seats on the gears.

Destroying gains you nothing. The percentages are the same whether you have 50 of A and B or 100 of each.

Two merry-go-rounds if you prefer that metaphor.

As for compatibility, I proposed a 4 tier system arrangement which allows variants, bitcoin, and bitcoin sister currencies to play nicely through a basket currency.

I'm starting that Monday.

Without an agreement upon the number of coins in the system, these projects only serve to dilute the efficacy of BitCoins by confusion for the end users.  I strongly oppose this, as it just servers to divide (and conquer?) the BitCoin project.

They are separate systems so again the existence of similar systems has no bearing on the value of bitcoin itself. It reinforces the most common use of bitcoin: storage of value. So bitcoin is unaffected and with a tier of specialized fundamentals (storage space, bandwidth, cpu sharing) plus a basket currency on top of it, bitcoin is shielded from their dynamics. Then the 4th tier is all these currencies and they will most of the time be traded for the basket currency.

Similar currencies do not divide bitcoin. They allow people to use the one similar currency that they understand most. Eventually they will learn the dynamics and choose bitcoin as being the one with the least amount of insanity which will be great for all the currencies.

See a lot of people like to solve problems with more systems rather than more knowledge and participation.

[Ten98]

I'm interested.  I've actually doubled my reward to 2 Blowjob coins per blowjob given, and 20 if it's a hot female.

-BlowjobCoin (doesn't need a block chain; 2 Blowjob coins per blowjob given, and 20 if it's a hot female; centralized issuing by tomcollins)
http://bitcointalk.org/index.php?topic=7500.msg114752#msg114752

I was going to add it to the list, but you can issue IOUs in any unit you want using ripple, even blowjobs.
If it doesn't need a block chain, I don't think it has to be in the list.

Hi, I'm starting an alternative to BlowjobCoin called BJCoin. It's exactly the same as BlowjobCoin in every way except miners get paid 100 coins per blowjob instead of 2!

This will definitely work and I will be a millionaire because I got in at day 0!

[cbeast]

I'm interested.  I've actually doubled my reward to 2 Blowjob coins per blowjob given, and 20 if it's a hot female.

-BlowjobCoin (doesn't need a block chain; 2 Blowjob coins per blowjob given, and 20 if it's a hot female; centralized issuing by tomcollins)
http://bitcointalk.org/index.php?topic=7500.msg114752#msg114752

I was going to add it to the list, but you can issue IOUs in any unit you want using ripple, even blowjobs.
If it doesn't need a block chain, I don't think it has to be in the list.

Hi, I'm starting an alternative to BlowjobCoin called BJCoin. It's exactly the same as BlowjobCoin in every way except miners get paid 100 coins per blowjob instead of 2!

This will definitely work and I will be a millionaire because I got in at day 0!

Wow, another 3 m/o thread resurrected for comedic effect. Outstanding! Unless that is, you are offering to peg the currency, ten98. =p

[johnyj]

Timecoin might be a future spotlight, especially when the difficulty rise further and per block reward cut in 2013

[jtimon]

Timecoin might be a future spotlight, especially when the difficulty rise further and per block reward cut in 2013

Timecoin also rewards miners (proportionally) less and less over time.
Maybe you prefer expocoin or freicoin (with fixed monetary base) for the purpose you talk about.

[Ten98]

If I had a Bitcoin for every "alternative to Bitcoin" that was suggested and claimed to be the BEST EVARR!!!11, then I'd be almost as rich as the early miners

We're sticking with Bitcoin. End of story.

[jtimon]

If I had a Bitcoin for every "alternative to Bitcoin" that was suggested and claimed to be the BEST EVARR!!!11, then I'd be almost as rich as the early miners

We're sticking with Bitcoin. End of story.

Please, post here those proposals if they're different to the ones in the list.

[Boussac]

All this is very interesting. Like a try to produce a remake of the Babel Tower story in the free software community. I have only one shovel so I will keep mining bitcoins and reading about the other mines.

[johnyj]

Timecoin might be a future spotlight, especially when the difficulty rise further and per block reward cut in 2013

Timecoin also rewards miners (proportionally) less and less over time.
Maybe you prefer expocoin or freicoin (with fixed monetary base) for the purpose you talk about.

Maybe expocoin is good, I believe 3-5% increase in money supply is required if the currency ever will be used in mass scale

Currently IXcoin took part of the hash power from bitcoin miners, but that is more towards the deflation end of the spectrum and I'm not very convinced it will succeed, hopefully some expocoin fork will provide wider selection later

[jtimon]

All this is very interesting. Like a try to produce a remake of the Babel Tower story in the free software community. I have only one shovel so I will keep mining bitcoins and reading about the other mines.

When namecoin merged mining starts you can mine two coins with the same shovel.

Timecoin might be a future spotlight, especially when the difficulty rise further and per block reward cut in 2013

Timecoin also rewards miners (proportionally) less and less over time.
Maybe you prefer expocoin or freicoin (with fixed monetary base) for the purpose you talk about.

Maybe expocoin is good, I believe 3-5% increase in money supply is required if the currency ever will be used in mass scale

Currently IXcoin took part of the hash power from bitcoin miners, but that is more towards the deflation end of the spectrum and I'm not very convinced it will succeed, hopefully some expocoin fork will provide wider selection later

Don't you prefer freicoin over expocoin?
It also reduces interest rates and takes care of lost wallets.

[BitterTea]

All this is very interesting. Like a try to produce a remake of the Babel Tower story in the free software community. I have only one shovel so I will keep mining bitcoins and reading about the other mines.

When namecoin merged mining starts you can mine two coins with the same shovel.

If merged mining becomes popular, wouldn't that give Bitcoin a non-monetary use (lack of which is one complaint I've heard)? Bitcoin would then become the root of all block chains, except for those which do not incorporate merged mining (I can't see why any new block chain wouldn't).

[jtimon]

All this is very interesting. Like a try to produce a remake of the Babel Tower story in the free software community. I have only one shovel so I will keep mining bitcoins and reading about the other mines.

When namecoin merged mining starts you can mine two coins with the same shovel.

If merged mining becomes popular, wouldn't that give Bitcoin a non-monetary use (lack of which is one complaint I've heard)? Bitcoin would then become the root of all block chains, except for those which do not incorporate merged mining (I can't see why any new block chain wouldn't).

I can't see why any new chain wouldn't have merged mining neither. The effect for the bitcoin network is that their miners would be rewarded more. It could even solve the "mining profitability after all bitcoins are generated" problem, if it is really a tragedy of the commons case.
I haven't heard anyone complaining against merged mining, it just makes the different chains cooperate for mining power instead of competing for it.

[Boussac]

If the chains aren't competing for hashing power, they are competing for adopters and users.
something called the "network effect" makes the assumption that the sum of the parts is worth more than the whole somewhat questionnable.

Beckstrom's law is interesting but I like the simplicity of that one: let's say, for argument's sake, that the utility of a network is proportionnal to the square of n, n being the number of users.
if N = n₁ + n₂
then N² > n₁² + n₂² , right ?

[jtimon]

If the chains aren't competing for hashing power, they are competing for adopters and users.
something called the "network effect" makes the assumption that the sum of the parts is worth more than the whole somewhat questionnable.

Beckstrom's law is interesting but I like the simplicity of that one: let's say, for argument's sake, that the utility of a network is proportionnal to the square of n, n being the number of users.
if N = n₁ + n₂
then N² > n₁² + n₂² , right ?

I don't get where you're going to.

[johnyj]

Don't you prefer freicoin over expocoin?
It also reduces interest rates and takes care of lost wallets.

I don't know much about freicoin, but I don't really believe fixed monetary base because that will limit the economy expansion, and deflation tendency will encourage hoarding of the currency. To avoid the demurrage, people can simply transfer money between their own accounts once a day

[jtimon]

Don't you prefer freicoin over expocoin?
It also reduces interest rates and takes care of lost wallets.

I don't know much about freicoin, but I don't really believe fixed monetary base because that will limit the economy expansion, and deflation tendency will encourage hoarding of the currency. To avoid the demurrage, people can simply transfer money between their own accounts once a day

Demurrage discourages hoarding even with deflation. At least if the demurrage rate is greater than the price deflation rate.
The demurrage is charged for each block, not for each day and people can't avoid it within freicoin, no matter if they send payments to theirselves.

[Boussac]

I don't know much about freicoin, but I don't really believe fixed monetary base because that will limit the economy expansion, and deflation tendency will encourage hoarding of the currency.

My understanding of bitcoin is that it is more than a currency: it is also a transaction processing network.
When one buys bitcoins, one is also buying shares in this new network (take a look at the the market cap of transaction network companies).
People can hold the shares and trade them: hoarding is not a problem as long as there is liquidity.
Bitcoins can be used as a meta-currency to process transactions in any currency.
Deflation is a problem for fiat money not for shares in a small cap !

[jtimon]

I don't know much about freicoin, but I don't really believe fixed monetary base because that will limit the economy expansion, and deflation tendency will encourage hoarding of the currency.

My understanding of bitcoin is that it is more than a currency: it is also a transaction processing network.
When one buys bitcoins, one is also buying shares in this new network (take a look at the the market cap of transaction network companies).
People can hold the shares and trade them: hoarding is not a problem as long as there is liquidity.
Bitcoins can be used as a meta-currency to process transactions in any currency.
Deflation is a problem for fiat money not for shares in a small cap !

Deflation could be a problem if bitcoins become widely used.
Imagine if a country like panama or zimbawe (that don't have their own currency) start to use bitcoin as their favorite currency (instead of the USD). Deflation could be devastating for them.
But sure deflation is far more dangerous with (supra) national currencies that are monopolies.

[marcus_of_augustus]

SolidCoin is kicking some ass .... 1 TeraHash/sec

http://solidcoin.kicks-ass.org/graphs/graphs.html

 ... miners seem to like the 12 hour difficulty adjustment algorithm.

[jtimon]

SolidCoin is kicking some ass .... 1 TeraHash/sec

http://solidcoin.kicks-ass.org/graphs/graphs.html

 ... miners seem to like the 12 hour difficulty adjustment algorithm.

Please, let's sumarize the currency si that I can add it to the list. I've heard that it really has some improvements. But I don't think that reducing the time beteween blocks it's a goood thing. Please, explain. Why do you think it is kicking asses?

[ripper234]

Resurrecting thread to ask people to add any living alt coins to the wiki.

[jtimon]

Resurrecting thread to ask people to add any living alt coins to the wiki.

I was updating the thread for some time, but I'm not doing it anymore. Most of it are obsolete proposals.

Freicoin is in beta4 and to be launched before the end of the year. Should I include it in the wiki?
If you want to do it, this is the main page: http://freico.in/
Here the forum: http://www.freicoin.org/
code: https://github.com/freicoin/freicoin

[ripper234]

Resurrecting thread to ask people to add any living alt coins to the wiki.

I was updating the thread for some time, but I'm not doing it anymore. Most of it are obsolete proposals.

Freicoin is in beta4 and to be launched before the end of the year. Should I include it in the wiki?
If you want to do it, this is the main page: http://freico.in/
Here the forum: http://www.freicoin.org/
code: https://github.com/freicoin/freicoin

Any significant or semi-significant coin can be included in the wiki, why not.
(Assuming it's at least at beta level)

[jtimon]

Any significant or semi-significant coin can be included in the wiki, why not.
(Assuming it's at least at beta level)

Freicoin represents a significant economic improvement over bitcoin in my opinion. And as said is almost complete. maaku has even coded a pool for it and we're launching this year.
Thank you, I'll find the time to write something.