Topic: (ANN)(PRERELEASE) - parabolas - launching with pools, faucets-YOU can contribute - page 4. (Read 9115 times)

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That sounds like it would be difficult to put into a coin.

Posting to Watch...

Launch date is not yet set in stone but you can expect it at least in the next month or so.  This thread will get updated so stay tuned!

Semi-scarce, block reward will probably be a random amount between 2 and 6, but there will be a bonus "square" block.  (Parabolas). e.g. Instead of 2 you would get 4, instead of 6, 36, etc.

We will try to implement a primecoin-like proof of work scheme (hashing parabolas with complex solutions, etc), or it will just be a sha256 or scrypt coin.

If you have something to bring to the table just PM!

interesting...

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when will it be published?

How about a bit more on the specs?

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Introduction
This is a prerelease thread for parabolas.   This cryptocurrency will launch with a pool, website, faucet, block explorer, and hopefully a store and exchange so that there are multiple services on launch.  When the coin has a use, it will be more valuable than just a coin to be day traded.
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Development Team
Project Director:
x^2

Lead Developer:
ZirconiumX

Developers:
smeagol
...add your name here!
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Marketing:
LaudaM
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Service Directors:
Exchange - Joerii (Cryptsy), LaudaM (Cryptsy), and Kumala (Vircurex)
Pool - feleep
Web Developer -
Game Site -
Webstore -
Faucet -
Block Crawler/Explorer -
...your name here!
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Stats
Proposed Algos:
MARS, RC6, Rijndael (AES), Serpent, Square and Twofish
Proposed Monetary Distribution:
Semi-scarce
Currency Symbol:
X^2
Block rewards:
95% goes to miners (every 94th block is a x6 block, with miners getting the regular reward and devs getting the rest)
Why is there a dev fund?
This coin will have NO premine, so the devs will not be able to make a quick profit.  Instead, we will get a gradual payoff as the coin matures.
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Want to start?
If you want to contribute, just shoot me a PM!
Remember that if you contribute, you will be given a share of the dev fund!