I was going to say to go with X13 imo. I haven't heard of X15 yet, but X11 is oversaturated right now, and X13 would be your best bet.
I think it will be harder for the pools with X15 actually.
Actually no. X15 had several coins last week. 1 day there is no mining power for rent, next day 20,000 MHS + showed up. Just needed to change some settings. I did it myself to a set of mining rigs.
I liked your honesty, but I am not sure what you are hoping to do here? You yourself say that you aren't promising anything new, and any X11/X13 and now X15 coin is going to be pile driven into the ground at the first sniff of an exchange for the dump.
Why not take a step back and ask yourself if you should even do this before you spend another BTC on it? And if you are going to do it, why not do it right? Get something new and spectacular done and working and tested, something that provides value and people will want, and then announce the coin.
By spectacular I don't mean:
Whitepapers.
Gambling games coming soon.
Faucets.
Fancy graphics on wallets.
Or any of the other 100's of shit coin specialties.
I mean have working anonymous transactions at launch, not *later*. The VoIP idea that others suggested was neat, but of course *coming later*. Using an algorithm that is both GPU and ASIC resistant is another good thing. I am sure there are a load of things people would like to see in their crypto currency.
Again though, don't expect anyone to hang on to your coin for more than 30 seconds like this with nothing. It will be the rape of Nanking, dumped, and over in less than a week. Without a premine you won't even recover your BTC unless you instamine or have a huge GPU farm. Why do it otherwise?
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
