Topic: [ANN] MarieCurieCoin, all-in-one altcoin (MCC) (Read 2943 times)

any updates?

Agree with you mostly and the reasons I suggested these things is that I know there are limitations in all of the coins (as you said), thus for a coin to be a really worthy one has to somehow deal with at least some of them - that would be innovation...

Maybe someone serious about this can just take the concept and recode it in a better language, in stead of taking the existing code and just alter some things - if language is one of the limitations.

Re. fiat, yes I know of that, but they also have the 'almighty printing button' which they press whenever they want to. Today's economy is no longer fully backed by material things, i.e. amount of dollars = amount of gold. If we look at the history of money, first the real thing was exchanged, i.e. gold (or any other metal) with a product or service. Then it became impractical and unsafe and official paper replaced the real thing with value representation... and the rest is history!

Also re. your last reflection - that's why I'm teasing developers to think deeply and out of the box - for that same comments of yours. Considering all the above, it is clear that these new type of currencies are all limited as have a pre-defined lifetime, thus I'm not surprised that no serious financial institution has already jumped on this... Who wants to accumulate 'wealth' for 4-5 years and then when all minting ends the coin/network dies and your 'wealth' becomes worthless? This preoccupies me a lot...

Cheers.

+1 .. very bad ...

To answer the question about hard caps. As far as I can tell from toying with the code of various coins, you have to have a limit or the damned thing won't work. The upside is, you can change it fairly easily. There's also a limit as to how many coins can be minted in any coin regardless of hard caps, simply due to limitations in the language.

on the topic of fiats.... you do realize that the US gov't decommissions shit-tons of paper money and coins regularly to remove worn bills and maintain a constant number of Dollars in circulation at any one time, right? Thus fixing the value for the most part. Seems logical that there would be a limit to the number of coins minted in a given crypto then.

What I'm curious about is what happens when the last of any coin is minted finally... Does the network just die and transactions stop? Or is there a contingency built into the code somewhere that uses all these damned transaction fees to support mining (which is in fact the only way transactions are confirmed and released) rewards?

Maybe I just need to stare at the code some more....

I am also willing to share links and make YouTube videos or anything else.

Yeah she invented chemotherapy and nukes! woo!

Do I get radiation poisoning if I mine this?

Are there ways to earn this coin without mining, maybe by writing?

Any news? What happened with the project in the last weeks?

After he campaigned on the issue of killing the second Central Bank in the USA, I think Andrew Jackson rolls in his grave every time one of those US$20 FRN rolls off the presses of the third central bank.

Thank you very much for this. It indeed is something we'll coinsider (I love good word-jokes ).
Innovationcoin perhaps?

Our first idea was; On dollar bills are people as well, so why not a bitcoin right?

Thanks again for the great commentary, keep up the good work. 


She sure was, she sure was...

Marie Curie was a true hero of science, that's for sure.

For some unsolicited design advice...

Naming things after real people has the problem of the real person (who ate, slept, and maybe even made some mistakes along the way) not being our idealised form of the person.  It is a nice tribute to a worthy individual, but it is a very limiting aspect as well.  It is a tribute.
Like putting Ceasar on the face of a coin, some folks want the coin but don't much care for Ceasar.  It would be the same with any person.  Also with an experiment such as this, we can never be sure that it even lives up to being a worthy tribute.  Making it a tribute does help to keep that focus though...

That is why we have Liberty on our New Liberty Dollars.  It is an ideal, not a persona, so the appeal is more broad.  No one can say that Liberty was bad because she was unfaithful to her husband or something weird. 

Perhaps to get the aspects you honor, you could call it something else (inventcoin, curiousitycoin, bravecoin) and put Curie on the logo?

For all that, I love Marie Curie as well, and hope for your success.

Thanks again for the great feedback.

We are adjusting to this by making sure the difficulty adjusts every minute.
This way it's very flexible, and the big guys shoudn't ruin it as easily for the small guys.
Also, that's where we want to be different from most coins. Have many features available asap. Casino's, exchanges, and other things we still have to think of.
Good to hear you're agreeing with us on that one.
The total amount of coins shouldn't make that much of a difference. When there are 2 000 000 coins, the value is simple 10x smaller than when we have 20 000 000 coins. So that wouldn't make much differnse.
However, we don't want to many coins because that would make the coin feel invaluable. And not to few as the coin would then not be fun to mine. Also, we're trying to make sure the coin is minable for a long time. at least 6 years should do. When all coins are mined, the coin should be very stable.
We mainly need idea's for ways to use the coin early on. So if you have any, please do tell us.

Thanks for all the great feedback once more, i'll do my best to keep responding as fully as I can.

@ first paragraph, Fast difficulty retargeting makes for quick adjustment. I.e: When the hashrates soars to 1000mh/s, then difficulty quickly rises, when it tumbles, it quickly tumbles as well, so that big hashes can't abuse the difficulty.

@ second paragraph, I don't exactly follow you here. What I meant was that, like bitcoin, the difficulty goes up over time, making one coin more scarce and thus more valuable. Am I missing something?

@ third paragraph. We will be mining a lot of blocks, around 100,000,000. This seems a ridiculous amount, but the block value is really low, so it's not that bad. This way, the coin will last at least a few decades, like bitcoin.

I'm no expert in the nitty gritty of these difficulty algos, but I hate it when there is a new coin and big miners jump on it to mine when the difficulty is still very low and then after a few acquired millions they leave to pump-and-dump their coins leaving the real supporters of the coin facing high difficulty! 
I think that difficulty retargeting (or balancing) should be incorporated so when the big hashers leave, the difficulty level will balance itself with the remaining hashes - kind of 'supply-demand' ideology. What I mean is that if there is high hashrate = high difficulty; if small hash rate = lower difficulty. IMO this is a needed component for the longevity of the coin to remain in existence.

Now as for the value of the coin, if we look at the real world examples, there's no fiat currency that has its value based on its scarcity (as far as I know). Yes there are other things like diamonds, gold etc. that their value is based on that, but in this case I'm treating 'the coin' as the main currency. So the value of the coin has to come from 'the need to be used'. This you are already taking care of as you mentioned many service where it can be used. One important service is an exchange, although I personally do not agree with the exchange of crypto-currencies to fiat-currencies as it completely defeats the purpose of cryptography, as once it's translated into a fiat currency it becomes traceable  now that's my opinion and a completely different argument. But it seems that the community wants this and so it be...

One thing I haven't seen in the announcement is the total amount of coins. Do you have an idea how much you're going to make it?
I might be dumb as I cannot understand why devs make hard caps and limits for their coins. Is every coin designed for a few number of years only? Why is this? No one envisage their coin being used 20, 50 years from now? Many might argue that it is so because Bitcoin is like that... right, but was bitcoin designed to be an 'eternal' currency or was it an experimental idea that a genius (or a group) came out with and wanted to see if it is possible or not, so it was coded with a cap for that reason? I don't know of any fiat-currency designed for 5 years only for example and thus, coins should be modeled or successful real world fiat-currencies (without the bureaucracy of banks which is taken care by the network and blockchain) ... And I'd like to see what happens when most coins reach their caps and they might become useless and just history... I might be wrong, but as I said, I just can't understand this point.
Anyway, I'm mentioning this so you might research a bit on these ideas / questions and see if there is any way you can increase the longevity of the coin. Maybe this coin can be unique as I'll be able to pass down to my children and they to theirs 

Thanks for your well-thought and supporting comment! I understand MarieCurieCoin may lead to speech problems, but I still think MCC solves this problem and sounds rather nice. If someone has a suggestion as to a better name, feel free to comment. Try to be constructive, like many have done before you in this thread, to avoid the "I don't like the name" comments. Also, thanks for your tips regarding the pool. If possible, I'll try to host a pool myself, but I"ll need to look into that.

Furthermore, what alternative are you thinking of regarding difficulty? Decreasing reward? To promote the coin's value, I think it is important to make it more scarce, i.e. :making it more difficult to acquire 1 coin. How do you think a set difficulty is going to work out.

Many, many thanks for your constructive comment and time!

Sorry guys, also no offernse, but I just couldn't resist...    
There is a quite popular meme in Poland which makes this name really funny

I respect the name choice as I completely understand your thinking and intentions, but having a person's name as the name of a coin is a bit unappealing (at least for me) and could be open for various interpretations as everyone has different points of view. In fact there's already a post about 'radiation' and even I when I read the name thought that this might be some radiating coin that has some features that reflect this. But as you said, you named it like that for her achievements and hard work...

I'd rather go for an adjective or something symbolic as a name for the coin that portrays Marie Curi's achievements and your line of thought - might be more catchy and acceptable. Although as you both said, MCC is quite good.

Now, apart from the name, I think these are a couple of points that you should consider:

• do not offer instant bounties for pools - I don't know how many coins failed because pool owners took the bounty to create the first few pools and then jumped on the next coin, taking down the previous pool just to take again the bounties. If you offer bounties make them 'per month running' and not all at one go at the creation time;
• I'm not favorable to the idea of always increasing difficulty. Many on here are armed to the teeth with pro mining rigs and can kick the difficult high quite fast. This would deter small-hash miners to keep supporting the network in the long run and would definitely be unattractive to newbies joining the crypto-world to support it too, as most also would have small-hash power.
  

For now this is what I think should be considered, along with the good points many have already mentioned in this thread.

Thanks though for trying to innovate and listening to the community. 

Will definitly do!