Topic: [ANN] BitCoin Reboot - I will Reboot Bitcoin for better distribution (Read 2026 times)
The point of altcoins is to make a better version of crypto currency, technically there are many designed better than Bitcoin. So why would we want to make another Bitcoin???
March 10, 2014, 06:05:21 PM
There is already Bytecoin [BTE] - it is exactly the same coin as bitcoin in terms of tech specs but started as a separate chain in 2013. Quite successful.
The seperate chain is counterproductive in a way in achieving the task at hand.
March 10, 2014, 12:23:14 PM
There is already Bytecoin [BTE] - it is exactly the same coin as bitcoin in terms of tech specs but started as a separate chain in 2013. Quite successful.
March 10, 2014, 12:43:29 AM
no.
March 10, 2014, 12:39:16 AM
what do you think about a reboot?
March 10, 2014, 12:23:43 AM
Better distribution, Bitcoin clone mined on Bitcoin Network
It is now well known that around 10 individuals/entities own about 40% of the total bitcoins these individual/entities such as Fbi, Gox situation, Satoshi etc. This is extremely detrimental to the survival of BTC and makes it extremely susceptible to dumps and market manipulation. This is why I am deciding to release a complete reboot of BTC that is an exact clone and that can be mined along with the original BTC on the Bitcoin Blockchain. This is operation equal distribution. I am currently deciding on weather or not I should distribute the coins 50% through equal distribiution (NEM style) and 50% through mining or 100% through mining.
The goal
The goal of this is to create an exact replica of Bitcoin that can be mined through the original Bitcoin protocol but will be better distributed, once people take to the idea of better distribution I hope for this rebooted Bitcoin to become the more used version of Bitcoin. How many people would be interested in mining a coin like this and becoming part of equal distribution of the Bitcoin network?
It is now well known that around 10 individuals/entities own about 40% of the total bitcoins these individual/entities such as Fbi, Gox situation, Satoshi etc. This is extremely detrimental to the survival of BTC and makes it extremely susceptible to dumps and market manipulation. This is why I am deciding to release a complete reboot of BTC that is an exact clone and that can be mined along with the original BTC on the Bitcoin Blockchain. This is operation equal distribution. I am currently deciding on weather or not I should distribute the coins 50% through equal distribiution (NEM style) and 50% through mining or 100% through mining.
The goal
The goal of this is to create an exact replica of Bitcoin that can be mined through the original Bitcoin protocol but will be better distributed, once people take to the idea of better distribution I hope for this rebooted Bitcoin to become the more used version of Bitcoin. How many people would be interested in mining a coin like this and becoming part of equal distribution of the Bitcoin network?
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