Topic: A New Coin (Read 1338 times)

A central premise of a major faction of the cryptocoin community is that cryptocoins are so decentralized that the forces of darkness can never get their chains around it.  But we can already see that premise deteriorating with BTC, specifically, and SHA-256 mining in general. One force keeping these things as "honest" as they are is the myriad of other coins and algorithms waiting to step into the void of the demise of the former.

On the most general level the cryptocoin movement has spread the entire concept of monetary freedom and competition on an enormous scale.  That's the genie that's going to be most difficult to put back in the cage. The fact that this resulting blizzard of coins is difficult for us to understand personally, makes it also difficult for the evil ones as well.

Imagine a system whereby a handful of unaccountable government institutions ran all food production and distribution.  Nobody grows a garden and only food-launderers and terrorists build farms. The managers of this system eat well, but there's an amazing scarcity for everybody else. Why is money any different?  Cryptocoins give us a way out of this pigsty.  We need more farms, and farmers, and people who know how to manage the farming enterprise, not fewer, IMHO.

It is indisputable that a proliferation of coins is occurring.  The ease of entry ensures that many more will spring to life.  The community will grow and adapt and learn how to deal with whatever issues arise. Don't you think it would be better to learn to deal with these issues than to just try to stop the tide?

1. No one asked you to make the coin.
2. Several people have asked you not to.

and therefore....

/s/h/e/'/s/ /a/ /w/i/t/c/h/, You shouldn't be paid?

I'm sorry, but I don't follow the logic here.  Nor am I "demanding" to be paid.  Everybody is free to decide what, if anything, they want to do with this coin.

As far as refraining from making a coin, why?  This whole cryptocoin enterprise is a grand experiment in monetary freedom and competition.  It's hardly run its course and there are already big concentrations of existing power emerging.  Why snip this in the bud now?

No one asked you to make the coin, in fact several people have asked you not to.  That's why you shouldn't be paid.  I can't turn up at a random job tomorrow and demand payment for it.
Please stop making coins. I look on this forum almst every day, but I don't recognise lots of the coins.  It is beyond a joke now. Please stop.

I have these skills as well and I'm busy grinding away at the pieces of it.  I do think this effort can go farther and faster with other developers, hence my invitation here.  And I'll admit that I'm not "loaded" and any benefit other developers will get in joining the party will come from the fun, the learning, and the pre-mining.  After further consideration there's nothing wrong with pre-mining.  It's in the open for all to see and judge for themselves.

No IPO?  Total failure!

Because if it's pre-mined it's not for our benefit is it. It's purely for his financial gain, and exists for no other reason.

You clearly missed out 1 thing, people with these skills(be it 1 person or more), don't need you! I have ALL the skill sets you need, but I don't see why I should help you, even IF you are willing to pay for my services(which, likely not). Seriously, if you are loaded & willing to fork out hard cash, I believe you can get the needed persons elsewhere.

If you want to build a new product (no matter if it's an alt coin or a RL product), you have two possibilities: (1) you become the boss of your own company, get the money needed and hire people. Or (2) you don’t think about payment and live an idea.

Before you ignore this, just take a look at the history of successful founders. I don’t talk about billion dollar companies like Facebook or Apple (both leaders were genious in one way but assholes in the other way and you cannot simply copy their business style). If you learn from successful companies, even maybe a successful restorant around your corner, you leanr a lot how to lead people. And that’s not what you want to do here.

The behavior you show here clearly displays a lack in the understanding how to build a business. And you are also not willing to communicate open enough to build a community. No matter how good your idea is, you will fail, if you do not improve your communication skills (and I am not talking about English grammar!).


Oh, and I know a lot programmers who work 30-60 hours/week on a project they love... with no payment.

Ok, so, enough talk.  Time for action.  Here are some skills that I need now:

1. I need somebody who knows Unix admin.  I have a VPS now that's very suitable for getting started.  I want to establish a beginning website, a public forum, and a private forum.  I want to setup a git repository there.  I need this reasonably secure.  Nobody cares to attack this at this time, but no need to leave the front door unlocked.

2. I need a build system.  I need somebody who's willing to figure out how to install QT Creator and other development tools we'll need on a Unix system, and get it working with the git repository.  We also need to figure out how to build and run the testing.

3. I need a mining pool.  There is probably open source code for this.  I need somebody to find this, install it, test it.  Make it work.

4. I need an exchange site solely for the purpose of exchanging BTC and the new mystery coin.  Again, there's probably open source code for this.  Let's figure out how to do this.

5. I need some private debate about some of the technical details of the coin such as the mining algorithm.  I'm leaning towards Scrypt because I don't want a handful of ASIC coin rapers jumping on this too quickly.  How can we keep this coin more accessible to a wider base of smaller miners?

Why don't you start to think how to "mine" more people to the crypto-world as users? We need more support on the "real" world, we're tired to take a roller coster every single day with every brand-new-old-fashioned-creep-bitcopies.
Please....Stop it!

"What is money?" and "how does it work?" are two more deep questions and I'm hardly the guru re: either of them.

I think that "ordinary users" who only want these coins so they can buy things are having a very difficult time understanding this system and keeping it at least as secure as their ordinary bank and credit cards.  I think this provides a serious limit to the utility of cryptocoins for that purpose.

I think that the value of any money comes from the fact that other people want it.  Why do other people want BTC, USD, AU, Pb, booze, women, or whatever?  Who knows. That's a matter of crowd psychology that I can't answer.  But we can observe that this happens.  If everybody decided they no longer wanted any of those things, and they all ran for the door at once, then the value of those things would plummet.

Very few people can properly and deftly deal with multi-currency accounting.  (Which is one of the issues my effort is dealing with.)  This includes most merchants and merchant software.  Although a handful of places accept BTC (% wise) how many take any other 2nd tier coin? (I'm lookin' at you LTC, PPC)  Very few.  I just don't see how the blizzard of other coins is going to work it's way into that ecosystem.

However, if you're holding these coins as an investment, however speculative that may be at this time, it's likely that you'll deal with much larger quantities, and it would therefore make more sense to expend the effort to deal with multi-currency accounting.  That's why, IMHO, the best use of these coins will ultimately prove to be as a store of value.  If so, then there's a very large market that can accommodate many, many coins.

Why should he create something for your benefit?  Does your paycheck go to you or someone else?  People should invest in an idea because it solves problems in a superior fashion, not because it benefits "the community".  Socialist drivel.

As this is the only point I am interested in ... the whole store of value concept worries me a bit. I am perplexed by the concept of using cryptocurrencies as a store of value. Of course this depends on how long you are planning to hold them (but short term gain I would rather call as investment and speculation rather than short term value), but store of value bit is hard since it needs to be linked to something that offers security against devaluation from an increased production or supply. I have a very hard time seeing this in open source software, but feel free to convince me otherwise.

Also, why would it be a pipe-dream to have a wide spread diffusion of a cryptocurrency used in everyday trade? Their intrinsic benefits are way more supportive of this usage than long term store of value. I believe we have only just begun to see the diffusion of these coins and that there is much that can be done to support their diffusion.

You realized wrong.

We actually need less.  A lot less.

Very funny. Nobody works for free.  Do you?  The balance between individual self-interest and community is a deep question and I don't think this forum is the place to get to the bottom of that issue. The "community" is strengthened as more people are drawn into developmental roles and as new coins are created.  We all stand on the shoulders giants and I pray to St. Satoshi every night before bed.  But there's a fair amount of infrastructure required to launch a new coin and he's not answering my email to help out, hence my search here.

None. Satoshi has done 99.99% of the hard work for you anyway.

I see your point.  However, I don't think these goals are mutually exclusive.  Nevertheless, the decision to pre-mine has not yet been made.

What other methods would you envision to compensate the developers and early-adopters?

Because if you pre-mine your creating the coin for your own financial gain, not because you want to create a coin for the benefit of the community.

Don't get me wrong, I just want to help:

If you havea good idea, someone MIGHT steal it. But with CryptoCoins it's not like you invent the energy source of the future. The more you hide your idea, the more unlikely it will get big. No matter how bright you are, if you discuss it openly, more people will throw in their 2pc, more ppl will hear about it and you will way more easy get support.

It's pretty unlikely that someone will steal your idea and get rich, while you are talking to the public... again: you are not inventing the cure for cancer, the "great idea" here will not be world changing (sorry, but it will not ).

Premine

Fail

?

What's wrong with that?  Don't the developers deserve some piece of the action?