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Topic: Altcoin Request (Read 412 times)

full member
Activity: 120
Merit: 100
November 22, 2013, 06:08:01 PM
#4
I have an altcoin request. No transaction fees, logarithmic increase in coins outputted. For every 10x increase in hashing power, the number of coins produced will double. For every successful block discovered, 1 coin will be rewarded.

The smallest denomination of coins will be in tenths. 40 second transaction times. SHA-256 encryption.
The aim is to prevent a currency that is founded solely upon speculation and excessively rewards early adopters. Furthermore, without transaction fees, this will prevent a future where only large businesses with giant ASIC farms would mine coins (like a big bank). It will also be relatively immune to attacks or incidents where a tonne of hash power is dumped onto the mining network, and suddenly withdrawn, slowing mining to a halt.

It will be named ACoin.


No TX fee will allow the coin to get dos'd and bloated into the ground...
Explain.
sr. member
Activity: 476
Merit: 250
What do you call a fish with no eyes? A Fsh!
November 22, 2013, 06:06:29 PM
#3
If you really want it contact shakezula.
sr. member
Activity: 364
Merit: 250
November 22, 2013, 06:02:10 PM
#2
I have an altcoin request. No transaction fees, logarithmic increase in coins outputted. For every 10x increase in hashing power, the number of coins produced will double. For every successful block discovered, 1 coin will be rewarded.

The smallest denomination of coins will be in tenths. 40 second transaction times. SHA-256 encryption.
The aim is to prevent a currency that is founded solely upon speculation and excessively rewards early adopters. Furthermore, without transaction fees, this will prevent a future where only large businesses with giant ASIC farms would mine coins (like a big bank). It will also be relatively immune to attacks or incidents where a tonne of hash power is dumped onto the mining network, and suddenly withdrawn, slowing mining to a halt.

It will be named ACoin.


No TX fee will allow the coin to get dos'd and bloated into the ground...
full member
Activity: 120
Merit: 100
November 22, 2013, 05:46:42 PM
#1
I have an altcoin request. No transaction fees, logarithmic increase in coins outputted. For every 10x increase in hashing power, the number of coins produced will double. For every successful block discovered, 1 coin will be rewarded.

The smallest denomination of coins will be in tenths. 40 second transaction times. SHA-256 encryption.
The aim is to prevent a currency that is founded solely upon speculation and excessively rewards early adopters. Furthermore, without transaction fees, this will prevent a future where only large businesses with giant ASIC farms would mine coins (like a big bank). It will also be relatively immune to attacks or incidents where a tonne of hash power is dumped onto the mining network, and suddenly withdrawn, slowing mining to a halt.

It will be named ACoin.
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