[ANN][INC] IndianCoin: Super Alt-Coin Released - page 7.

jaywaka2713

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aka 7Strykes

Quote from: Pellefot on May 11, 2013, 10:28:07 AM

Im sorry but i must also voice my opinion about how this is a bad idea.

Its fun for you to design a logo and decide some parameters yes, but cant you start a small business and charge in bitcoins instead? That way you help the cryptocurrency-community by expanding the economy, now your bloating the community with another currency for your own gain, (or so it seems, sorry if im wrong)

What does India have to do with your coin? Or is it native americans?

I started my own business MyOwnAddress http://myownaddress.openbtcshop.com and it has been slow but alright to run. I make custom Bitcoin addresses without having my customers private key. But I do agree with you and the economy, but this is about making currencies. Not helping Bitcoin.

Alexgall

newbie

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Was this posted as a joke or a suggeestion?

Krov

newbie

Activity: 15

Merit: 0

Enough already coins Angry

CryptoPath

newbie

Activity: 28

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I'm a big fan of ripple! I bought a lot when it was super cheap

I'll sell some soon when the price will good enough.

Pellefot

newbie

Activity: 16

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Im sorry but i must also voice my opinion about how this is a bad idea.

Its fun for you to design a logo and decide some parameters yes, but cant you start a small business and charge in bitcoins instead? That way you help the cryptocurrency-community by expanding the economy, now your bloating the community with another currency for your own gain, (or so it seems, sorry if im wrong)

What does India have to do with your coin? Or is it native americans?

jaywaka2713

sr. member

Activity: 266

Merit: 250

aka 7Strykes

Quote from: Quartx on May 11, 2013, 09:56:00 AM

Quote from: jaywaka2713 on May 11, 2013, 09:36:05 AM

Quote from: huilaitrer on May 11, 2013, 09:27:06 AM

How many of different crypto currencies we need for one of them to hit off? It's getting bit confusing..

People are doing it more or less to learn about the alt coin code. However, most of them only changed some numbers. I'm looking into making one worthwhile, but that uses a whole new algorithm instead of SHA256/Scrypt.

Uses a whole new algorithm? It takes years to plan one out and years to prove its usable while facing public scrutiny and adoption, so far the only new hash function that isnt that new is sha3, even if the algo is different, what sets a new coin appart firmly is not how the coin is made, but the applications that it can be used for

I was thinking either SHA3 or SHA512 encryption. That would be only one thing to set it apart. I'm still brainstorming other ideas that a brand new alt coin could boast.

Quartx

hero member

Activity: 1036

Merit: 504

Becoming legend, but I took merit to the knee :(

Quote from: jaywaka2713 on May 11, 2013, 09:36:05 AM

Quote from: huilaitrer on May 11, 2013, 09:27:06 AM

How many of different crypto currencies we need for one of them to hit off? It's getting bit confusing..

People are doing it more or less to learn about the alt coin code. However, most of them only changed some numbers. I'm looking into making one worthwhile, but that uses a whole new algorithm instead of SHA256/Scrypt.

Uses a whole new algorithm? It takes years to plan one out and years to prove its usable while facing public scrutiny and adoption, so far the only new hash function that isnt that new is sha3, even if the algo is different, what sets a new coin appart firmly is not how the coin is made, but the applications that it can be used for

bananenplukker

newbie

Activity: 37

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So what's the advantage?

Quartx

hero member

Activity: 1036

Merit: 504

Becoming legend, but I took merit to the knee :(

Quote from: jaywaka2713 on May 11, 2013, 08:51:23 AM

Wasn't Bitcoin premined? I don't believe Satoshi mined the Genesis Block, stopped for like 100 blocks, and restarted again. I think he just continued.

An easy solution to avoid premining would to only generate one block, the Genesis Block. Wait for like 25 to 50 people to start mining on it, then start mining again.

Another way is to get someone like me create a coin and mine only the genesis block, cost people like me with crappy hardware of cpu + gpu still less then 30kh/s cant even premine lol

jaywaka2713

sr. member

Activity: 266

Merit: 250

aka 7Strykes

Quote from: huilaitrer on May 11, 2013, 09:27:06 AM

How many of different crypto currencies we need for one of them to hit off? It's getting bit confusing..

People are doing it more or less to learn about the alt coin code. However, most of them only changed some numbers. I'm looking into making one worthwhile, but that uses a whole new algorithm instead of SHA256/Scrypt.

huilaitrer

newbie

Activity: 7

Merit: 0

How many of different crypto currencies we need for one of them to hit off? It's getting bit confusing..

jaywaka2713

sr. member

Activity: 266

Merit: 250

aka 7Strykes

Quote from: Illimensky on May 11, 2013, 08:55:07 AM

What will this altcoin provide that others do not? As mentioned earlier in this thread, just changing some numbers around will not make a different, more attractive altcoin.

He will need to discuss what the new features are, yes. However, JKC, YAC, FTC, and CNC all didn't bring any features as well and got mined to shreds.

I also recommend that a Moderator move this discussion to the AltCoins subcategory.

Illimensky

newbie

Activity: 56

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What will this altcoin provide that others do not? As mentioned earlier in this thread, just changing some numbers around will not make a different, more attractive altcoin.

jaywaka2713

sr. member

Activity: 266

Merit: 250

aka 7Strykes

Wasn't Bitcoin premined? I don't believe Satoshi mined the Genesis Block, stopped for like 100 blocks, and restarted again. I think he just continued.

An easy solution to avoid premining would to only generate one block, the Genesis Block. Wait for like 25 to 50 people to start mining on it, then start mining again.

bitcoinmarksix

newbie

Activity: 21

Merit: 0

indian?

yeah,so many people.

zordmix

newbie

Activity: 4

Merit: 0

Quote from: zordmix on May 11, 2013, 08:46:22 AM

If you really want to make it premine-proof. Let The first 10000 blocks with 0 coin reward...

But your only goal is probably to premine it yourself, so ignore me Cheesy

zordmix

newbie

Activity: 4

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If you really want to make it premine-proof. Let The first 10000 blocks with 0 coin reward...

jaywaka2713

sr. member

Activity: 266

Merit: 250

aka 7Strykes

Quote from: 1badbullitt on May 11, 2013, 08:33:04 AM

Quote from: gambit1 on May 10, 2013, 05:19:39 AM

I do fear a duplication of effort in the digital currency movement. It could get to be like linux where it goes from genuine freedom and competition to outright fragmentation. For those of us who believe in the politics of digital currencies this is a little bit concerning because it takes resources away from the more viable currencies. Endless forking and fragmentation has not helped linux compete with the establishment and I fear that the same may be true of digital cryptocurrencies.

For people who are only interested in speculation I suppose that they are interesting and I also suppose that nobody forces anybody to get involved with them.

Just my thoughts.

I say people should keep on creating new currencies, until one actually does have a good hold. You never know what might happen. It could even be a catchy name that changes the whole game.

The name is what gets it out there, usually regardless of it's features. That and if it was pre-mined or not.

1badbullitt

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Activity: 9

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Quote from: gambit1 on May 10, 2013, 05:19:39 AM

I do fear a duplication of effort in the digital currency movement. It could get to be like linux where it goes from genuine freedom and competition to outright fragmentation. For those of us who believe in the politics of digital currencies this is a little bit concerning because it takes resources away from the more viable currencies. Endless forking and fragmentation has not helped linux compete with the establishment and I fear that the same may be true of digital cryptocurrencies.

For people who are only interested in speculation I suppose that they are interesting and I also suppose that nobody forces anybody to get involved with them.

Just my thoughts.

I say people should keep on creating new currencies, until one actually does have a good hold. You never know what might happen. It could even be a catchy name that changes the whole game.

koincollector

newbie

Activity: 14

Merit: 0

So just another copy N' paste coin then Grin

Topic: [ANN][INC] IndianCoin: Super Alt-Coin Released - page 7. (Read 9554 times)