Topic: CCC - Canadian Crypto Coin (Read 973 times)

Already done: Canadian Digital Notes (CDN).

Asset values expressed in terms of CDN: http://galaxies.mygamesonline.org/incdn.html

Plot of asset values expressed in terms of CDN: http://galaxies.mygamesonline.org/plotcdn.html


Tables and plots of values, including values of CDN, in terms of other assets:

http://galaxies.mygamesonline.org/digitalisassets.html


NOTE that obtaining enough miners to secure the blockchain SECURELY is INSANELY EXPENSIVE!

IT USED TO BE A BLOCKCHAIN, but blockchains are NOT SECURE unless massive hashing power, which is insanely expensive, is used to secure them.  number of such blockchains existed, some seven or eight or more, but even using merged mining so all of them could all share the same hashing power and thus share the cost, it simply was not feasible, not enough miners were obtainable, to get enough miners would have required totally insanely huge costs.

Until the sheer number of transactions paying fees is huge, it simply is not economically feasible to pay enough miners to secure the chain, EVEN USING MERGED MINING!

For this reason many chains are still waiting for off the shelf, ship when ordered ASICs, so they can all gang up to create a truly massive Massively Merged Mining setup so all the many chains can all be secured using the same hashing-power, hopefully bringing the cost of such huge amounts of hashing down far enough that it will become practical to secure blockchains.

Consider how much the bitcoin blockchain costs per day to secure it!

Once ASICs start being easy and quick to get, then even though bitcoin miners have shown themselves unwilling to secure more chains using their hashing power via merged mining, any chains willing to set themselves up with the merged mining capability will be able to be secured for only a fraction of the current cost of securing a chain. The more chains, the cheaper the cost of securing each one!

Until then though, it would be insane to let attackers screw up valuable currencies by putting them out there as insecure blockchains begging to be attacked.

-MarkM-

Its true, you can call it [your country here]coin all you want but because it lives on the internet there are no borders.

i will be interested in any coin that implements difficulty re-targets every block (yes its possible), has built in inflation (a block reward that never goes away), and 1 minute blocks.

do this and do it right and i will invest pretty heavily  

wasn't internationality one of the points of cryptocurrency

Anyone interested in working on a crypto coin for Canada?   (Canadian Crypto Coin or CCC)

Did you know that the Government of Canada has spent millions (possibly billions) creating its own attempt at digital currency - the "mint chip".
http://en.wikipedia.org/wiki/MintChip


More and more stories like this:
http://www.leaderpost.com/news/Losing+track+will+hurt+Tories/8331115/story.html


anyone interested should come join #canadiancrypto


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