Topic: [ANN][INC] IndianCoin: Super Alt-Coin Released - page 9. (Read 9517 times)
+1
Where will you announce this coin? Hopefully it works out! Don't mind the hostility from people, it's only because there are 5 million other useless alt coins out there.
Why do you think this won't crash?
Hope your scamcoin get's burned to the ground in shame 
Ugh... no thank you.
There's nothing new, useful or innovative about this coin. Plus there's no interesting twist on how it's mined.
IMHO if you want your coin to take off, have a fair start, and don't make it a boring clone. Do something experimental/fun with it.
BTW to have a fair start:
1. Do not premine any. Mine the genesis block, release it, and wait for someone else to mine the next block before you start mining it.
2. When you announce it set a specific date and time (in UTC) at least 2 days in the future and stick to it. If you think you will be delayed for any reason, announce it as soon as possible in the original post of the thread, and pick a new time at least 2 days in the future.
3. Set the difficulty to a reasonable value for the amount of hashing power you expect to jump on it when it's released. If it's a litecoin clone, start at difficulty 5 or 10. If you are afraid it will take too long to mine until the first retarget, move the first retarget to 100 blocks or 50 blocks or whatever.
4. If you tinker with the difficulty adjustments or the block time target make sure you test it really well. If you launch and your coin is supposed to have a block mined every 60 seconds and it ends up being every 5 seconds, people will just get crazy large amounts of orphans and start calling it a scam.
5. Do not decrease the reward exponentially for each block mined so that people who mine it 2 days late get like 0.1 coins. Pick a number and have it stay that number for at least a few months if not years.
6. Pick a good name. I would name examples of really poor choices in names but I probably shouldn't. Pick something people can rally behind.
7. EDIT: Oh almost forgot: put your source on github, and also build proper windows binaries with UPNP support *enabled*. If possible get someone with a good reputation on the forum to build his own windows binaries and post them as well so people are less likely to fear a virus. If the coin has a new hash algorithm and is meant to be CPU mined make sure the windows binaries are really fast and well optimized for various popular CPUs.
Edit: removed examples of coins...
There's nothing new, useful or innovative about this coin. Plus there's no interesting twist on how it's mined.
IMHO if you want your coin to take off, have a fair start, and don't make it a boring clone. Do something experimental/fun with it.
BTW to have a fair start:
1. Do not premine any. Mine the genesis block, release it, and wait for someone else to mine the next block before you start mining it.
2. When you announce it set a specific date and time (in UTC) at least 2 days in the future and stick to it. If you think you will be delayed for any reason, announce it as soon as possible in the original post of the thread, and pick a new time at least 2 days in the future.
3. Set the difficulty to a reasonable value for the amount of hashing power you expect to jump on it when it's released. If it's a litecoin clone, start at difficulty 5 or 10. If you are afraid it will take too long to mine until the first retarget, move the first retarget to 100 blocks or 50 blocks or whatever.
4. If you tinker with the difficulty adjustments or the block time target make sure you test it really well. If you launch and your coin is supposed to have a block mined every 60 seconds and it ends up being every 5 seconds, people will just get crazy large amounts of orphans and start calling it a scam.
5. Do not decrease the reward exponentially for each block mined so that people who mine it 2 days late get like 0.1 coins. Pick a number and have it stay that number for at least a few months if not years.
6. Pick a good name. I would name examples of really poor choices in names but I probably shouldn't. Pick something people can rally behind.
7. EDIT: Oh almost forgot: put your source on github, and also build proper windows binaries with UPNP support *enabled*. If possible get someone with a good reputation on the forum to build his own windows binaries and post them as well so people are less likely to fear a virus. If the coin has a new hash algorithm and is meant to be CPU mined make sure the windows binaries are really fast and well optimized for various popular CPUs.
Edit: removed examples of coins...
and yet another coin.... i wish i had a crystal ball that would tell me which would die and which would hit the exchanges 
toooooooooooooo many coins !!!!! 
No improvement on existing coins, so why making it?
To get rich fast, why else
You're not really selling me, here...
Domain bought. Coin is almost finished just needs some fixes.
I agree that it is natural and may be inevitable. None of it has anything to do with creating an actual currency though. These are speculation vehicles only, in my opinion. The bitcoin economy, on the other hand, must be built from the ground up. There's so much meaningful work to do there.
No improvement on existing coins, so why making it?
To get rich fast, why else
Ok, so everyone will create his own altcoin ...
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.
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.
Well I doubt the branching is actually a big issue. The coins popping up will most fade away as the speculators speculate the hell out of it with some taking a profit and some losing. The hashrate will fluctuate for the major ones (like LTC dropped in diff when FTC and then CNC came out), but they'll get back to it once the new boom is out in a few days. It's quite ok I think and natural to happen for a while.
No improvement on existing coins, so why making it?
To get rich fast, why else
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.
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.
No improvement on existing coins, so why making it?
You really have to make some more serious changes to get anywhere with these altcoins, just changing a few numbers around won't make it super-popular.
I think he's just yanking our chain.
1) this won't happen 2) worst idea ever
Do you have a website? How many coins rewarded per block? Any premined coins? :3
How many of different crypto currencies we need for one of them to hit off? It's getting bit confusing..
Jump to: