The initial post is too big to read it.
You also start with something
Decrits is a continuation of my proposals for
Encoin, a proposal for a currency that attempts to keep a stable value over time. I've
mostly ditched that idea in favor of one that acts in a sort of equal but opposite manner to bitcoin where instead of coin value rising to meet demand, new coins are given freely to those that save
and transact on the network.
that is probably hidden somewhere in the overall goals but it does not seem to be a primary goal.
OVERALL GOALS
* To require far less data than Bitcoin in terms of both bandwidth and disk space.
* To require energy only to verify transactions or to create a small percentage of new currency with the rest being given freely and fairly.
* To ensure direct developer intervention is not required to adapt the currency to future, unforeseen events. This will exist via both the voting system as well as a highly modular network that allows for the insertion of new protocols or algorithms with relative ease.
* To ensure that transactions are secure from double/bad spend attacks within seconds.
* To enable the users of the currency to create new currency quickly in response to increased demand to avoid both price shocks and manipulation of the currency via "credit crises."
* To ensure a reasonable, base demand for money via the proof-of-share profit system as well as the benefits of the coin multiplier during periods of high demand (with save, spend, and receive behavior all being rewarded).
* To incentivize being a transmitting node for the health of the network.
* To ensure that being a transmitting node is always within the reach of an everyday (power) user.
It would be easier for newbies to understand the proposal if it has an abstract with a table where You have a structure like this:
1. what problem of BTC You want to solve
2. how You want to solve it
... preferably ordered by decreasing priority
some other comments
OVERALL GOALS
* To require far less data than Bitcoin in terms of both bandwidth and disk space.
this is probably not a driving force to start a new currency [to low priority to be on the top of the list
* To require energy only to verify transactions or to create a small percentage of new currency with the rest being given freely and fairly.
here, there are two goals right ? ... reduce work AND give coins freely [the second may scare people so it has to be explained]
* To ensure direct developer intervention is not required to adapt the currency to future, unforeseen events. This will exist via both the voting system as well as a highly modular network that allows for the insertion of new protocols or algorithms with relative ease.
how does this relate to BTC?
* To ensure that transactions are secure from double/bad spend attacks within seconds.
cool, it makes paying at a physical store easier.
* To enable the users of the currency to create new currency quickly in response to increased demand to avoid both price shocks and manipulation of the currency via "credit crises."
are price shocks (high fluctuations) expected?
* To ensure a reasonable, base demand for money via the proof-of-share profit system as well as the benefits of the coin multiplier during periods of high demand (with save, spend, and receive behavior all being rewarded).
coin multiplier sounds scary again :-(
* To incentivize being a transmitting node for the health of the network.
BTC can exist with only very few nodes up, right?
* To ensure that being a transmitting node is always within the reach of an everyday (power) user.
Are so many transmitting nodes needed?
Ignore my post if I ask to many stupid questions. An abstract would help also other though.