AltDeleter, if I am one of the people you are happy to hold half of the premine, I can have my cold storage set up tonight and put up the address.
There seem to be a few different suggestions as to how exactly DeleteCoin should operate. It would be a good idea to get that nailed before we start trading in altcoins for DeleteCoins.
Agreed. I think both suggestions are great idea's, it's just which was is the best route to go for the coin. The exchange I am getting for most coins is about 200 delete coins on average, which is less that one block.
So at this point, do we try to implement Nullu's idea where we try to dump the coins back onto exchanges, and buy back deletes and remove them and essentially boost our price? The only issue I see with that is finding an exchange that will take the coins or finding a buy order.
Second option would be to hard fork the coin and change max coins to make the premine worth more. At that time we could change the block reward to drive down the total supply. This will have a big impact on the front end as there is already people out there with a large supply. However with this it will reduce the max amount of coins increasing the price substantially and allowing us to acquire more alts. If we forked, I'd suggest we make max coin 600 Million (500 of which would be the premine) and change the block time for minting coins to 10 minutes instead of 1. That would make the minted coin just over 13 million per year.
If there are another suggestions I am 100% open to suggestions. I want this coin to be beneficial to the community most of all, and I want us to help alleviate this epidemic of horrible alt coins. In my eyes, an alt coins needs to offer something to the world.....not just have a picture of a squirrel on it.
I would expect that as you buy up Deletecoins and destroy them, you will push up the price. and therefore the odds of other exchanges taking an interest. It's going to take time for that to happen. I would say no fork is required. Just do as proposed.
The only real technicality is the exchange of Dels for the altcoin in question. There should be a community selection process (community suggest coins, and you open up a poll thread for which coin to target, community vote decides) Then the hand over of altcoins for del can take place. This is going to be tricky without Del being listed on more exchanges, and this will only work with coins on exchanges with buy orders, but you can escrow the trading, or perhaps you can get the coin listed on a website such as coinswap, and just make trades that way to start with until the gain is on more exchanges and has more exposure.
Ideally Del needs an exchange on board with the idea, so they not only list DeleteCoin, but whatever coin it is you wish to delete.