<Coin Idea> king koin

[steelhouse]

The idea of the coin is that the lead developer has a wallet in which 1% inflation of the coin is sent to it each year.  The lead developer is the king.  Gavin could be considered the king of bitcoin.  The idea is that the king could use the money to protect the coin and hire other kings away from other coins to work on the development team.  Possibly advertise and offer rewards.  Preferably a coin that does not use a bloated block chain.   The 1% might also be use to pay for theft and fraud, at the kings choice.  Basically the king can do whatever he or she feels right for the coin because they love the coin, even keep it.   The first king can give the wallet to someone else if they retire or the location address can be changed in the code.

[bulanula]

This coin exists.

It is called SolidCoin !



King coin spelled as King Koin = true epic thread.

How about calling it BulaCoin and I am the King guy ?

[koin]

in the form of a question, alex, what is devcoin?

[mystery2048]

Why not just have bitcoin with a feature in the client allowing voluntary donations to the dev team of 1% ?

[mystery2048]

Im sure most people would choose not to use it...

[Bitcoin Oz]

If I was the king the money would be donated to wikileaks.

[steelhouse]

Why not just have bitcoin with a feature in the client allowing voluntary donations to the dev team of 1% ?

I don't think they would be large enough and everyone would not be forced to pay equally.  The present inflation rate of bitcoin is 20% and people use it.  The average inflation rate of the U.S. dollar over the last 40 years has been 8% and people choose to use it.  The inflation rate of gold has been 2%.    Thus, king koin is a discount and I suggest bitcoin do a split with Gavin as lead and realsolid as vice president. wikileaks has nothing to do with the coin.

Instead of 50 mining reward 10% of it could go to the king.  If you don't like the king, vote him out.