Topic: A perfect cryptocurrency mechanism in my mind (Read 744 times)

I know you guys are kidding, just have fun!

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http://www.bit-sky.com/index.php/english

You'll find more than you expect!~

you say "All rights reserved, anyone who adopts this idea is required to donate 100BTC."
imagine one did it and it's much popular than BTC would not be mistake to ask BTC reward?

@ OP, So are you posting behalf of the author?

Is that correct?

How come we know that the btc address is author's. Generally people wont pay really for the ideas here in bitcointalk. You just need to be careful before sharing ideas.

I've sent you a message~

First of all, I appreciate your respect for the author’s intellectual property right.

I’m not the author of this idea; I just reprinted his idea from his website. I’ll contact the author and reply as soon as possible.

I believe you will reach a good deal with him since both of you are experts, and there may be more opportunities for cooperation with the author.

General Wise-Ass, SIR, I think you meant.

And whatever your current rank is, I'm promoting you to GENERAL wise-ass.

Whatever your current rank, I'm promoting you to CAPTAIN obvious.

I had a goldfish named 民主集中制. He died...in a re-education camp. The guards overfed him.

I wonder if he knows that what he wrote is not a legal binding agreement and that anyone can use this idea and not have to pay him a single Panda satoshi (which is think isn't worth a dust particle right now).

about ”Democratic centralism“，I think its “民主集中制” in chinese, which is one of the major principles of Chinese communist party

So, what if someone just uses a part of your idea? Say I wanted to create a cryptocurrency, and I wanted it to:

- adopt a blockchain mechanism (quite important)

- have a minimum transaction fee

- give out some coins for free

Could you give me a discount off of your 100 BTC consulting fee? I know it's a fantastic deal already at 100 BTC, but I wouldn't be using your ENTIRE idea.

Can you please give a breakdown of how many BTC each sentence of this intellectual property you've created is selling for?

What a perfect cryptocurrency mechanism should be like in my mind?

The answer is: Democratic centralism cryptocurrency (DCC)

What is DCC? And how does it work? Well, let me explain in detail.

A DCC should possess the following features:

1.It adopts blockchain mechanism (This is the most important).

2.The genesis block generates all coins all at once and the coins go to one account.

3.There is a minimum trading fee required.

 
Genesis block holder is naturally the issuer. Due to the democratic feature of cryptocurrency, He is supposed to do the following things if he wants his coins to appreciate:

First, he will give out his coins for free to make people know about it and persuade them to accept this currency.

Second, in order to guarantee the hashing power, he will trade with himself in order to provide high fees to miners.

Third, by using his other personal property (like BTC) as security, he offers an exchange rate of the currency and works as an exchange center for others.

Fourth, he will spare no efforts to develop applications of this currency in order to further promote usage of the coin.　　

Many people dislike the fact that too many “IPO coins” are owned by the issuer. In fact, every coin, including Bitcoin, has the problem of “issuer hoarding”. They only differ in the proportion of hoarding. As long as the price reaches their expectation, they will sell, once sold, this problem is resolved.

In addition, every coin has a market maker, even BTC is no exception. Market makers are just big holders, they don’t promote, neither do they develop applications; they just drink the blood of retail investors. They are absolutely more wicked than the original issuer.

Coming back to the point, we need to rely on the core of democurrency---blockchain mechanism---a superb decentralized, anti-cheating monetary and financial system. Once equipped with this system, together with powerful applications, this currency is bound to achieve huge success.

You may argue: nobody in this world is able to promote such a coin, but imagine, just imagine, what if the issuer is a GOVERNMENT? ...This idea might blow your mind, but it may well come true sooner than you expect.

All rights reserved, anyone who adopts this idea is required to donate 100BTC.

My address：
BTC: 19bbXVUgCP5EfAoGbrBKePMRf3TuxCZ2fs 

For further information, click here:
http://www.bit-sky.com/index.php/english/360-what-a-perfect-cryptocurrency-should-be-like