You ask a fair question and I will do my best to answer it.
What I am bringing to the table is first of all stability. Your question was why even do it? Why not just buy an existing alt coin? Well, like many people here I have been burned and burned bad. Now when you get burned it is not just about the money. Actually worse is the loss in human trust that hits you when you get scammed. The only coin I can trust to not dump and run on me is my coin.
I have been saying in OP the initial price of the coin should not be high. The reason for that is that at birth it will have no utility other than a shared general ledger. In fact I do not have a permanent dev identified. As such I am not anticipating that it will be the most profitable to mine. People who mine it I hope are long term believers who are sick and tired of shit coin this or shit coin that every day with some other promise that it will make all your cares go away.
The value in the judge coin lays in the way in which I will operate it. First starting with no premine, instamine, or IPO. No one gets an advantage out of the gate. If people mine to dump then those who believe early will get a chance to invest early at a reduced price. Personally I am hoping to buy my own fair share on the market as I will have none to start. I have no gpu farm and there is no instamine. 3 Pools will support the initial launch and the blocks are not front loaded so that a small group cleans up.
What I would like to see is for the community to identify a need. Then try to compile those resources needed to accomplish the need. That is where the fun and challenge is. I think more than the group just trying to make a quick buck, exists a group that wants to be part of something. I am offering that something. I hope you will join me.
I was was going through this thread out of curiosity (always on the hunt for a new, better coin) and happened to come across this message. I and many others I'm sure share your sentiments about the current state of things around here (it's ugly out there), but the comments above beg the question, especially in light of what you've said about distrust of others: well, why should we trust you?
And by trust, I don't necessarily mean mistrust of you personally, but you've been on record recommending at least a couple coins that bombed (spectacularly in the case of SC). What about trust in your judgement, including your judgement in picking a dev for this coin? What do you say to the question of whether you and everyone else might be taken for a ride by yet another dev, who maybe starts off great at first but plays a long-game scam? What about your record would you say inspires trust in your ability to deliver "stability" and navigate the many unknowns in trying to develop a successful coin. A lot of devs with good intentions have failed, overwhelmed by factors beyond their control.
Also, I understand the need for a moderated thread given what's going on out there --- there's more intensive FUD'ing of competing coins as everyone fights over a shrinking pie -- but that begs another question about contradictions between what you say and what you do: how does a partially-closed, moderated thread invite solid trust that there's open discussion here and everything is and will remain out in the open - good and bad?
I was spectacularly wrong about Silk Coin. I paid the price in BTC and in a loss in faith in human decency. If this were the Game of Thrones I would say I paid the iron price. I am sure many people reading this have fallen pray to scam after scam that infests crypto now days.
I posted some of my personal information and IT experience on the coin site:
www.judgecoin.com. I am not here to sell anyone. The people will decide through their hash rate and exchanges if they support me. I am not here to tell people the coin cannot fail either. Crypto is a harsh land and anything can happen. I am up front with the current deficiencies of the coin. I readily state in the OP that I have no current dev at this time. I think that level of transparency has been sorely missed in crypto.
I have gone out of my way to make a fair launch including, NO PREMINE, NO IPO, NO SUPER SHORT MINING WINDOW, NO LARGE BLOCKS UP FRONT, NO CLOSED SOURCE DURING POW, NO BLOCK TAX TO PRIVATE WALLET.
One of the reasons I went with a moderated forum was a result of what I saw in other threads. I witnessed coin forum ANN threads become the personal punching ground of a handful of hooligans. If there are legitimate issues there is no way I through the use of moderation could suppress them effectively. We have seen many times people open competing threads to get their message across. To me that is ok. I do not feel people have a "right" to spam an ANN thread with constant crap.
Hope this answered some of your questions.
Judge Crypto
Yes, it did - thank you. One thing you might want to consider that I think has helped some of the big coins and I think put a solid support floor under their prices is transparency about the dev's identity. I think DRK and XC in particular owe a lot of their valuation and earlier rises (and relative stability and staying power) to disclosures or revelations of who the devs are.
I've thought for a while now that a big part of the problem out there is anonymous devs - anonymity means a lot less accountability. When you put your name out there, you're putting your reputation out there, which gives people more confidence they wont be screwed. It aligns the interest of the dev more closely with the interest of coin buyers. When a dev's anonymous, the message I take from it (which has only been reinforced by what we've all seen across bitcointalk) is, 'Trust me with your money (BTC), but I wont trust you with my identity'. Anonymous devs can walk (and have walked) away without significant consequence, and many of us now realize that more than ever.