VladMcCloud
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December 11, 2014, 08:17:05 AM |
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If you want to make a new coin stay away from other people's used up alogorythm.
The biggest problems in crytpo are:
1. Distribution. Try to find a good way to distribute your coins. 99% of coins have absolutely terrible distribution. There are large barriers to entry and it is lopsided.
2. Blockchain redo from the ground up. Known problems are blockchain bloat, scalability, and transaction speed. You can say your coin is "innovative" but if it isn't addressing those issues, it really isn't.
3. Novel and good way to maintain the blickchsin. Don't just copy Bitcoins PoW or NXT PoS. Your not helping any doing that.
Thank you for your input. We will keep this in mind while we develop the coin.
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VladMcCloud
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December 11, 2014, 08:19:05 AM |
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You're going about the whole thing backwards. You don't decide to make a new coin and then think of things to do. If you're going to start a new coin, address a problem that hasn't been addressed before. Create the coin to solve some kind of problem. Don't just pick some mining algorithm that's been used 100 times and then "brainstorm" ideas.
Start with the problem. The coin is the solution.
This is a very good way to look at it. Do you have any suggestions as to what are some problems that need to be solved?
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Crestington
Legendary
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Activity: 882
Merit: 1024
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December 11, 2014, 10:42:32 AM |
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You're going about the whole thing backwards. You don't decide to make a new coin and then think of things to do. If you're going to start a new coin, address a problem that hasn't been addressed before. Create the coin to solve some kind of problem. Don't just pick some mining algorithm that's been used 100 times and then "brainstorm" ideas.
Start with the problem. The coin is the solution.
This is a very good way to look at it. Do you have any suggestions as to what are some problems that need to be solved? I would suggest anonymity of transactions, the cost of storage/syncing over time, and profitability.
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McDowell
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Activity: 45
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December 11, 2014, 07:41:20 PM |
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No X11!!!!!!!!!!!!!!! Many of us are sick of X11.
Maybe you find a better solution for your coin.
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Bitcoinlover123 (OP)
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Activity: 90
Merit: 10
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December 11, 2014, 10:58:31 PM |
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You're going about the whole thing backwards. You don't decide to make a new coin and then think of things to do. If you're going to start a new coin, address a problem that hasn't been addressed before. Create the coin to solve some kind of problem. Don't just pick some mining algorithm that's been used 100 times and then "brainstorm" ideas.
Start with the problem. The coin is the solution.
We have solutions to many problems. We will not release any info about them until the coin's official release date Project X
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Bringing the love back into crypto
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meowball
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December 12, 2014, 01:04:22 AM |
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You're going about the whole thing backwards. You don't decide to make a new coin and then think of things to do. If you're going to start a new coin, address a problem that hasn't been addressed before. Create the coin to solve some kind of problem. Don't just pick some mining algorithm that's been used 100 times and then "brainstorm" ideas.
Start with the problem. The coin is the solution.
We have solutions to many problems. We will not release any info about them until the coin's official release date Project X I think Project X is a separate project altogether that is here on the forums somewhere. For the coin, it needs a goal and a problem to solve. Adoption for the coin is super important as well. Good luck, Bitcoinlover and Vlad!
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Bitcoinlover123 (OP)
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Activity: 90
Merit: 10
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December 12, 2014, 01:20:10 AM |
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You're going about the whole thing backwards. You don't decide to make a new coin and then think of things to do. If you're going to start a new coin, address a problem that hasn't been addressed before. Create the coin to solve some kind of problem. Don't just pick some mining algorithm that's been used 100 times and then "brainstorm" ideas.
Start with the problem. The coin is the solution.
We have solutions to many problems. We will not release any info about them until the coin's official release date Project X I think Project X is a separate project altogether that is here on the forums somewhere. For the coin, it needs a goal and a problem to solve. Adoption for the coin is super important as well. Good luck, Bitcoinlover and Vlad! meowball we already found a purpose for this coin. This coin will solve so many problems for so many people.
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Bringing the love back into crypto
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chipmadness
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December 12, 2014, 02:09:39 AM |
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CryptoThrone - http://cryptothrone.com - The Highest Rank in Crypto News! Visit us for the latest Bitcoin news, conference news, the newest and best alt-coins getting released, mining hardware news, mining theories, and everything else related to crypto-currency! Looking for a web developer? Let me design you a responsive, elegant, and modern site today!
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Bitcoinlover123 (OP)
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Activity: 90
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December 12, 2014, 02:13:34 AM |
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Bringing the love back into crypto
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chipmadness
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December 12, 2014, 02:58:01 AM |
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CryptoThrone - http://cryptothrone.com - The Highest Rank in Crypto News! Visit us for the latest Bitcoin news, conference news, the newest and best alt-coins getting released, mining hardware news, mining theories, and everything else related to crypto-currency! Looking for a web developer? Let me design you a responsive, elegant, and modern site today!
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Bitcoinlover123 (OP)
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Activity: 90
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December 12, 2014, 06:43:08 PM |
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This coin is implementing features that no other coin has. This will help the coin stand out.
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Bringing the love back into crypto
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MisterGreen
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December 12, 2014, 07:48:50 PM |
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This coin is implementing features that no other coin has. This will help the coin stand out.
Like virtual cupholders for bagholders?
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Bitcoinlover123 (OP)
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Activity: 90
Merit: 10
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December 12, 2014, 09:19:40 PM |
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This coin is implementing features that no other coin has. This will help the coin stand out.
Like virtual cupholders for bagholders? no. Features that can help find cures for cancer and other fatal diseases.
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Bringing the love back into crypto
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