Topic: A coin free of Greed - page 2. (Read 1452 times)
If you are looking for a currency guaranteed to be worthless, we already have enough fiat currencies. I guess you could make a coin with an infinite supply and block reward doubling every two days. That ought to keep the speculators away.
I agree with this. If anything ruins the promise of cryptos, it is the rampant greed and speculation surrounding their establishment. Technically, the ideal coin would reflect a completely different starting point.
Franko is the one you are looking for. No premine, block reward halves every 22 years, uses kimoto gravity well to make sure dedicated miners get the most for their mining, does tons of charity. All around very fair coin.
I'm researching the set of Altcoins, both existing and in development, and I can't help but notice one commonality they all share: Greed. A lot of them include great new innovations but are disappointingly shrouded in a cloud of pre-mining, venture capital, and/or fundraising.
So let me ask you all this: In an ideal world, if you wanted to launch the ideal coin; One that would be the perfect future global digital currency (not a store of wealth), how would you structure it? One caveat - neither you, nor any early adopter could get rich off of making it.
Ideas might include... no block rewards for the first year; all block rewards are locked for x years, inflation/delfation rate fixed at x% or proportionate to transaction volume, Ethereum script features, etc...
So let me ask you all this: In an ideal world, if you wanted to launch the ideal coin; One that would be the perfect future global digital currency (not a store of wealth), how would you structure it? One caveat - neither you, nor any early adopter could get rich off of making it.
Ideas might include... no block rewards for the first year; all block rewards are locked for x years, inflation/delfation rate fixed at x% or proportionate to transaction volume, Ethereum script features, etc...
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