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Topic: [ANN] 3rd Generation Cryptocurrency Development Team (Read 3158 times)

full member
Activity: 178
Merit: 100
Maybe you intention is good, but nowadays, it is about the community, and sharing it.

Bitcoin was a Proof of Concept 5 years ago and it has some flaws.

I can also proposed the Ultimate Coin, which is the Hybrid of Proof of Work (POW) + Proof of Stake(POS) + the ability for sender in include a short message of data into the block chain.

This ultimate coin will reward the miners with POW and also stake holders when 50% mined.

It will not be vulnerable to 51% attack as you need the Network 51% Hash Power and 51% Stake for double spend, which is almost impossible.

Sender have the option to include a 32 digit alpha numeric code for transaction reference which will be great for banking industry.

The number of coins must be in Billions to reduce the value of the currency or a predetermined difficulty to control the mining of the coins.

There shall be a mechanism where the Big Miners and Small miners can mine it equally in order to be fair for all players and keep the currency decentralized and the whole community profits from it and not few individuals.   
full member
Activity: 140
Merit: 100
90% of being smart is knowing what you are dumb at
Just a quick update.  We have about 10 people who have expressed interest thus far.  I will be narrowing down this list and sending messages to those who I feel will be the best fit No Later Then this Friday.  If you are considering wanting to be a part of this discussion think tank / team shoot me a PM and I'll do my best to answer any questions you may have.
full member
Activity: 140
Merit: 100
90% of being smart is knowing what you are dumb at
I'm starting to find this very windy...
Maybe I'm losing my time writting to you.

The probability that big company such as Google, Microsoft, HP, etc will accord you an exclusive contract seem extremely low.
Also their intent might be quite different from what we see emerging around here.
The fact that you can buy drugs more easily & discretely thanks to Satoshi Nakamoto "isn't a big deal".
But change the name to Google, 'huge problem may arise.
Would Google really wish the common to have even more anonymity? when they make money on people's data?

Also your non-disclosure agreement:
On what sort of thing would this be?
You have to be conscious people around here value deeply free information, ideas sharing, open source, etc.
Plus, I doubt you would pay a flight ticket just to sign a paper.
A paper that might have pretty much no serious guarantee nor effect, as there is no worldwide government.
How can you be sure a guy living in Taiwan will respect this non-discolure agreement sign in the US?
You will have to be very convincing about it.

If you are serious and not just delusional, I invite you to read this post of mine:
https://bitcointalksearch.org/topic/m.4363726
It will show you the kind of quality I can provide.
If that's not what you're looking for, 'well, best of luck to your project. Gonna need it.
You will have to learn to be more clear and precise about everything.


haven't decided on anyone for the development team.  Have several people interested, also evaluating what time commitment it will mean for myself...  The NDA was an idea... I was thinking of this development team as a trust, where ideas could be shared w/o the fear of someone having a good idea and another team member running off with it and making money off said idea.

Looking for candid discussions, without the fear of IP theft, that MAY lead to something big.

I have not read your post yet... but I will.
sr. member
Activity: 266
Merit: 250
Help and Love one another ♥
I'm starting to find this very windy...
Maybe I'm losing my time writting to you.

The probability that big company such as Google, Microsoft, HP, etc will accord you an exclusive contract seem extremely low.
Also their intent might be quite different from what we see emerging around here.
The fact that you can buy drugs more easily & discretely thanks to Satoshi Nakamoto "isn't a big deal".
But change the name to Google, 'huge problem may arise.
Would Google really wish the common to have even more anonymity? when they make money on people's data?

Also your non-disclosure agreement:
On what sort of thing would this be?
You have to be conscious people around here value deeply free information, ideas sharing, open source, etc.
Plus, I doubt you would pay a flight ticket just to sign a paper.
A paper that might have pretty much no serious guarantee nor effect, as there is no worldwide government.
How can you be sure a guy living in Taiwan will respect this non-discolure agreement sign in the US?
You will have to be very convincing about it.

If you are serious and not just delusional, I invite you to read this post of mine:
https://bitcointalksearch.org/topic/m.4363726
It will show you the kind of quality I can provide.
If that's not what you're looking for, 'well, best of luck to your project. Gonna need it.
You will have to learn to be more clear and precise about everything.



full member
Activity: 140
Merit: 100
90% of being smart is knowing what you are dumb at
Boring. Ripple and Nxt has this covered. Nothing more needs to be said or created.

 Sometimes smart people say dumb things...

"I think there is a world market for maybe five computers."
 1943 Thomas Watson, Chairman of IBM

Obviously you cant listen to all your critics or there will cease to be improvement and innovation.
legendary
Activity: 1526
Merit: 1012
third gen lol
sr. member
Activity: 266
Merit: 250
Help and Love one another ♥
Mining is no 3rd gen.
Consider proof of burn.

Oh, giving aways XYZ for $$$ and ฿฿฿ is 3rd gen. So 3rd gen is NXT.
I never said what 3rd gen is... 'said what isn't.

NXT is scam-smelly.
Bad wealth repartition on purpose, no thanks. They not even tried. Bad by wish.
hero member
Activity: 686
Merit: 500
Mining is no 3rd gen.
Consider proof of burn.

Oh, giving aways XYZ for $$$ and ฿฿฿ is 3rd gen. So 3rd gen is NXT.
NWO
sr. member
Activity: 392
Merit: 250
Boring. Ripple and Nxt has this covered. Nothing more needs to be said or created.
sr. member
Activity: 294
Merit: 250
I'd like to help... I have a information resource app.. check my sig
sr. member
Activity: 266
Merit: 250
Help and Love one another ♥
Be it with proof of burn or other distribution way, competition with other coins is not necessary.
There is hater, but that's useless.

nobody needs rough ideas. Ideas worth nothing.
I tend to disagree.
Ideas worth everything.

This is the cipherworld here.
Open your mind to see everything from different perspective.

I like that you consider this group a think tank.

Will I share this personal and professional information within our group... absolutely..
and I would expect similar disclosures from our other group members.
Your professional information, yes share it.
Personal information, it's up to you.
Personally, I only share what I wish to share. Don't expect too hardly, you may close valuable door.
Given enough time, honesty reflect itself. As does utility.
Given name, familly name. What's the difference between them and a chosen name?
It's just an alphanumeric code, 'useful for arbitrary entity-concept separation.
A private key and a name, same same, except on convenience, security & provability.
Also, one rely on centralized certification (states), the other is worldwide decentralized.

I am relatively new to crypto-currencies but not big government and big companies.
I'm looking for people here because I think there is more crypto currency experience on these forums then in any board room.
I know pretty much nothing about big government and big companies.
Also, I'm no techguy. So many people here are much more advanced/experienced with crypto than me.
Yet I think I grasp relatively well the main concepts, and many of those in development.

As you wrote it 90% of being smart is knowing what you are dumb at.

You may find peculiar people on this forum.
I guess I'm an obsessive freak for example *laugh
That give the advantage of seeing things in an atypical way, maybe.

Up to you.
You intent are unclear. But I wouldn't mind being a kind of adviser, propose ideas, discuss them, etc.

newbie
Activity: 14
Merit: 0
I see it as a failure already, you don't seem to know what you are doing (no offence). I'd recommend you to post all your ideas and see if you find some constructive criticism then get in contact with those people and develop the product (and I'm pretty sure it's going to be very different from what your current ideas are about). NDA is not going to work because of many reasons: main one is that there is nothing behind this NDA and nobody needs rough ideas. Ideas worth nothing. Next one is if for example I want to break NDA I can easily do it and you won't be able to do anything about it unless you are going to work only with people from the States (since you sound like you are from the States Smiley and preferably will personally meet them to sign the agreement.
It's crypto and it's time of open source Wink
full member
Activity: 140
Merit: 100
90% of being smart is knowing what you are dumb at
I am not a programmer but someone with 20 years history working with fortune 100 companies and government organizations.  I hope to proposition a major player in the software world (like Google, Microsoft, HP, etc..) to do the actual development.
Expect a time commitment of 10 hours per week for the next few months, may increase from there.

these sounds to me like redflags here...

Agree, and the part with proposition to Google/MS/HP sounds really weird too. They are not even going to talk to you unless you've really worked with fortune 100 companies and have relevant connections. But if that's the case then why are you looking for programmers here? Next thing, what's wrong about posting your linkedin profile in the thread so that everybody can see?

I was considering this request as I don't have anything to hide in my profile besides personal information.  However after further thought I don't want this to be about me and my qualifications etc, where I went to college, what projects I've been involved in, who are my connections in the business world...

I have yet to see a precedent where other coin developers provide this information for public scrutiny before they make an announcement thread, but who knows... it might be a good way to decide if a project or coin has potential.

Will I share this personal and professional information within our group... absolutely.. and I would expect similar disclosures from our other group members.

I will say though that my wife currently does Information Assurance for HP, and I myself am a former HP employee (I've gone on to do consulting work for other organizations).  Professionally I am a Process Architect with a specialty in Business Continuity and Disaster Recovery.  I have many professional certifications to include ITIL, Six Sigma, Project Management, CBCI, and many others.

I am relatively new to crypto-currencies but not big government and big companies.  I'm looking for people here because I think there is more crypto currency experience on these forums then in any board room.
newbie
Activity: 14
Merit: 0
I am not a programmer but someone with 20 years history working with fortune 100 companies and government organizations.  I hope to proposition a major player in the software world (like Google, Microsoft, HP, etc..) to do the actual development.
Expect a time commitment of 10 hours per week for the next few months, may increase from there.

these sounds to me like redflags here...

Agree, and the part with proposition to Google/MS/HP sounds really weird too. They are not even going to talk to you unless you've really worked with fortune 100 companies and have relevant connections. But if that's the case then why are you looking for programmers here? Next thing, what's wrong about posting your linkedin profile in the thread so that everybody can see?
sr. member
Activity: 266
Merit: 250
pm sent!
full member
Activity: 140
Merit: 100
90% of being smart is knowing what you are dumb at
Mining is no 3rd gen.
Consider proof of burn.

I don't see how Proof of Burn is forward thinking or would gather global acceptance.  That said, I welcome all reasonable suggestions into the discussion even if you are not selected to be part of the team.

My point is:
Whatever your code, function, innovation, etc.
At one time you need to distribute your coins.
Aspect such as trustlessness, scam-proof-ability & fair wealth repartition are major part of any new project.
Ask an IPO & you're pretty sure to labelled as scammer for good reason.
Propose a sha mining, 51% attacked direct.
Propose a scrypt mining, get lost amongst all the other crap.

Now you may see better why I mention proof of burn.
A quality start may soon have more importance than all the rest.
Leading to global acceptance.

Just compare the style of Ripple/MSC/NXT and the style of XCP (counterparty protocol).
New coin I spotted today is NEON.
I'm not convinced by it, many problem.
Not convince by inflationist Proof of stack either.
Many idea, but the security is flawed.
That say, just having to be a node to get reward is interesting.
Could also be mesured by the data your upload as node to the network or something.

For now my preference is XCP.
A good start is what you need for global acceptance.

Valued insight.  But I'm not looking to compete with other coins, and I'd like to explain my big picture goals but currency is only a small piece of it.  I am not looking to directly develop it or even launch it here.  I'm looking to develop the framework, design, etc... then have a big company develop it and launch it.

At what point does say Microsoft or Google get off the bench?  Bill Gates supports the idea of crypto currencies.  Google has stated it likes crypto but not Bitcoin because it has flaws...

By partnering with a major player to help program and launch the framework that we help to develop we'll see an evolution in the crypto market.

The only thing we MAY launch are some test coins to mesh out new features not yet in existence, and that only if our team has the skill set to do so.

For the most part, consider this group a think tank... Not a scam IPO or coin.... That said, after coin launch I hope these members will find a place, if they so desire, administering the coin's future.
sr. member
Activity: 266
Merit: 250
Help and Love one another ♥
Mining is no 3rd gen.
Consider proof of burn.

I don't see how Proof of Burn is forward thinking or would gather global acceptance.  That said, I welcome all reasonable suggestions into the discussion even if you are not selected to be part of the team.

My point is:
Whatever your code, function, innovation, etc.
At one time you need to distribute your coins.
Aspect such as trustlessness, scam-proof-ability & fair wealth repartition are major part of any new project.
Ask an IPO & you're pretty sure to labelled as scammer for good reason.
Propose a sha mining, 51% attacked direct.
Propose a scrypt mining, get lost amongst all the other crap.

Now you may see better why I mention proof of burn.
A quality start may soon have more importance than all the rest.
Leading to global acceptance.

Just compare the style of Ripple/MSC/NXT and the style of XCP (counterparty protocol).
New coin I spotted today is NEON.
I'm not convinced by it, many problem.
Not convince by inflationist Proof of stack either.
Many idea, but the security is flawed.
That say, just having to be a node to get reward is interesting.
Could also be mesured by the data your upload as masternode to the network or something.

For now my preference is XCP.
A good start is what you need for global acceptance.
full member
Activity: 140
Merit: 100
90% of being smart is knowing what you are dumb at
Mining is no 3rd gen.
Consider proof of burn.

I don't see how Proof of Burn is forward thinking or would gather global acceptance.  That said, I welcome all reasonable suggestions into the discussion even if you are not selected to be part of the team.
sr. member
Activity: 266
Merit: 250
Help and Love one another ♥
Mining is no 3rd gen.
Consider proof of burn.
full member
Activity: 140
Merit: 100
90% of being smart is knowing what you are dumb at
3rd generation,  but I don't understand your statement about but don't dump it on us, fatten your own wallet with USD. are you looking to peg your coin with USD?

NO.  I'm looking to develop a coin that is aimed at replacing Bitcoin.

That's already being done.  It's called Nxt.

NXT has pushed the envelop, done new things, and I'll give it credit that its 1000% better then about 90% of the other coins out there.

That said, its not what we are trying to develop.
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