1)human coin
2)dunno now need to be calculated correctly compared to supply and halving
3)3 min max
4)7 B
5)HEFTY1 algo(is the best imho, even better than x11 or orther crap) with pos, we can do 50% free distribution + 50% mining
ah i just read now about no premine... ok then just hefty1 algo with pos
Topic: [ANN] yes! another scrypt coin, Created by you! (Read 3875 times)
I am reading this thread, Things are still moving, There will be an official announcement in a few days.
To go over some basic choices, There will be NO pre mine! There will be NO block halving!
We are toying with the idea the coin being indivisible.
To go over some basic choices, There will be NO pre mine! There will be NO block halving!
We are toying with the idea the coin being indivisible.
How about this:
Replace sha256(scrypt) hardware miner. get pos everyday!
Everyday PoS coin(EPC):
- Month 1: 1000% (100%)
- Month 2: 500% (50%)
- Month 3: 300% (30%)
- Month 4: 200% (20%)
- Month 5: 100% (10%)
- Month 6: 50% (5%)
after Month 6: 1% everyday! 365% a year. (or 0.1% everyday, 36.5% a year)
and you need at least 10000 coins to start the pos,
9999 coins? sorry!
POW period:1 month and then everyday POS start. no more pow.
Transaction Fee:5%<--help reduce total coins.
Algorithm:SHA256(scrypt)
Block target:60 seconds
Block reward:10000 epc
Retarget: Every block
Total coin supply:unlimited
No Premine, NO IPCO
Replace sha256(scrypt) hardware miner. get pos everyday!
Everyday PoS coin(EPC):
- Month 1: 1000% (100%)
- Month 2: 500% (50%)
- Month 3: 300% (30%)
- Month 4: 200% (20%)
- Month 5: 100% (10%)
- Month 6: 50% (5%)
after Month 6: 1% everyday! 365% a year. (or 0.1% everyday, 36.5% a year)
and you need at least 10000 coins to start the pos,
9999 coins? sorry!
POW period:1 month and then everyday POS start. no more pow.
Transaction Fee:5%<--help reduce total coins.
Algorithm:SHA256(scrypt)
Block target:60 seconds
Block reward:10000 epc
Retarget: Every block
Total coin supply:unlimited
No Premine, NO IPCO
Petition to ban Scam_Exposer from Bitcointalk. Vote yes. It only takes a second.
https://bitcointalk.org/index.php?topic=567115.new#new
https://bitcointalk.org/index.php?topic=567115.new#new
Will you people just stop it with these shitcoins? There's already 100+ that need to die off. This crap is destroying the validity of cryptocurrency.
THE IPO IS CANCELLED DUE TO NEGATIVE ACTIVITY FORM FRAUDULENT USERS! ALL BTC PAID WILL BE REFUNDED TO USERS.
There is a network of scammers that post bad things about a coin and then demand BTC to erase the posts: scam_exposer and sitefive.
This is the proof a PM sent to us, now they demand us BTC to erase all those posts:
http://s16.postimg.org/hohih3nr9/scamx.jpg
Now we know what were they real reasons. I hope that maybe that is not the real reason and they can apologise now for the things they said. That will prove them to be not scammers and maybe they were just wrong about us.
We are now just going to launch the coin without an IPO. We have erase the IPO from main post. Just to proof these people they were doing lies and trying to make schemes with posting bad stuff then demand BTC to erase the posts. We will launch the coin!
As soon as we communicate with our web developer will update the site about it too.
EDIT: thimo is not part of this PMs, please don't hold anything bad about him or post bad things in his thread. We wish them good luck with their coin. Our apologies.
There is a network of scammers that post bad things about a coin and then demand BTC to erase the posts: scam_exposer and sitefive.
This is the proof a PM sent to us, now they demand us BTC to erase all those posts:
http://s16.postimg.org/hohih3nr9/scamx.jpg
Now we know what were they real reasons. I hope that maybe that is not the real reason and they can apologise now for the things they said. That will prove them to be not scammers and maybe they were just wrong about us.
We are now just going to launch the coin without an IPO. We have erase the IPO from main post. Just to proof these people they were doing lies and trying to make schemes with posting bad stuff then demand BTC to erase the posts. We will launch the coin!
As soon as we communicate with our web developer will update the site about it too.
EDIT: thimo is not part of this PMs, please don't hold anything bad about him or post bad things in his thread. We wish them good luck with their coin. Our apologies.
Shutup Scam Exposer, we all know you run the real SCAM
https://bitcointalksearch.org/topic/m.6039800
everyonelovemecoin!
Will you people just stop it with these shitcoins? There's already 100+ that need to die off. This crap is destroying the validity of cryptocurrency.
any new secure algo? but no hidden miner please, i have had enough "cpu only" coin, those smell like scam.
I hope we have a coin with block reward reducing 0.5% everyday, til 1 coin/block.
The biggest problem for all coins is a real-world use.
People need to get off the technicalities, which only interest a few, and make a real, genuine marketing push.
The coin with the best marketing is going to win, real people don't give a shit which algo was used to create the blocks.
People need to get off the technicalities, which only interest a few, and make a real, genuine marketing push.
The coin with the best marketing is going to win, real people don't give a shit which algo was used to create the blocks.
I agree up to a point, The coin has to have a good footing or people won't consider it for real world use at all.
Actually, it's not my coin ,but your coin.
Why scrypt again? Should we like X11 more than scrypt?
Why scrypt again? Should we like X11 more than scrypt?
why do you want X11? 
It is already GPU mineable now and will be common soon. You guys just run after the name "X11" Don't even know it is full of bugs and can mine via GPU now. Noobs be like "we want X11".So what do you want?
The biggest problem for all coins is a real-world use.
People need to get off the technicalities, which only interest a few, and make a real, genuine marketing push.
The coin with the best marketing is going to win, real people don't give a shit which algo was used to create the blocks.
People need to get off the technicalities, which only interest a few, and make a real, genuine marketing push.
The coin with the best marketing is going to win, real people don't give a shit which algo was used to create the blocks.
I really suggest turning the GPU's off & just trade.
[/b][/size]How are you going to trade when there are no miners to deal with transactions?
UPDATE - Something came up over PM, The division of a coin, I am not to keen on paying 0.0000001 amounts (which is end game I know) So how do we work out the coins as to not have too many decimal places? There are a little over 7 billion people on this planet, Do we make 100+ billion coins so there is enough for everyone? do we limit to 2 places and keep in line with current FIAT denominations?
no, we dont need places at all.
the coin should and must have its smallest unit is ONE. ( 1 coin )
this should be its unique characteristics, and this can play the role in the trading.
Yes, please make this coin indivisible.
If you make too many coins you will end up on the XPM exchanges and ignored. It needs to be tradeable with BTC.
Thanks Mortimer452 for your input, Things are moving a head, Lots of people have contacted me about this, I think were on to something here!!
There will be an official announcement for this coin before the months out, I will contact you as soon as I have coin specs and hopefully you can implement that into a pool, I think it will be a normal scrypt algo, So best to go with PPLNS, Don't go PPS! as people jump on board you will loose money!
There will be an official announcement for this coin before the months out, I will contact you as soon as I have coin specs and hopefully you can implement that into a pool, I think it will be a normal scrypt algo, So best to go with PPLNS, Don't go PPS! as people jump on board you will loose money!
I would be happy to setup a pool for this coin at launch, I'll try to keep an eye on this thread, but please PM me once you've got everything decided.
I can do scrypt, sha256d, scrypt-N, probably X-11 as well but I may need some time to figure that one out as I have not setup an X-11 pool yet
As far as the coin specs go, here are my opinions:
- I dig the traditional scrypt algo, or maybe scrypt-N, not a huge fan of X-11
- 1 minutes block times for fast transactions
- Something around 40 confirmations for newly minted blocks, nice compromize between security and getting your mining rewards quickly so you can spend/trade them
- I am not to keen on KGW as the diff algo, it's not nearly as good as everyone thinks it is, especially on coins with lowish network hashrates (less than 1GH or so). DigiShield seems pretty solid but I don't know enough about the technical details to "endorse" it or not.
- Total coins 250 million. I don't really have any reasoning behind this other than the fact that most coins released these days with a large # of total coins (1billion or more) seem to be destined to die in the litoshi market
I can do scrypt, sha256d, scrypt-N, probably X-11 as well but I may need some time to figure that one out as I have not setup an X-11 pool yet
As far as the coin specs go, here are my opinions:
- I dig the traditional scrypt algo, or maybe scrypt-N, not a huge fan of X-11
- 1 minutes block times for fast transactions
- Something around 40 confirmations for newly minted blocks, nice compromize between security and getting your mining rewards quickly so you can spend/trade them
- I am not to keen on KGW as the diff algo, it's not nearly as good as everyone thinks it is, especially on coins with lowish network hashrates (less than 1GH or so). DigiShield seems pretty solid but I don't know enough about the technical details to "endorse" it or not.
- Total coins 250 million. I don't really have any reasoning behind this other than the fact that most coins released these days with a large # of total coins (1billion or more) seem to be destined to die in the litoshi market
my thinking is to create a coin, which contributes to the crypto world.
no need another one, which is barely just ALT.
no need another one, which is barely just ALT.
UPDATE - Something came up over PM, The division of a coin, I am not to keen on paying 0.0000001 amounts (which is end game I know) So how do we work out the coins as to not have too many decimal places? There are a little over 7 billion people on this planet, Do we make 100+ billion coins so there is enough for everyone? do we limit to 2 places and keep in line with current FIAT denominations?
no, we dont need places at all.
the coin should and must have its smallest unit is ONE. ( 1 coin )
this should be its unique characteristics, and this can play the role in the trading.
Yes, please make this coin indivisible.
UPDATE - Something came up over PM, The division of a coin, I am not to keen on paying 0.0000001 amounts (which is end game I know) So how do we work out the coins as to not have too many decimal places? There are a little over 7 billion people on this planet, Do we make 100+ billion coins so there is enough for everyone? do we limit to 2 places and keep in line with current FIAT denominations?
no, we dont need places at all.
the coin should and must have its smallest unit is ONE. ( 1 coin )
this should be its unique characteristics, and this can play the role in the trading.
I really suggest turning the GPU's off & just trade.
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