While still looking for a dev(this is proving tough to find), I"ve been thinking about some of the parameters that I"d like the coin to have. What do you think of these?
90sec block generation
1024 coins per block, halving every 60k blocks
reward will never drop below 5 coins.
No premine
3% of each block set aside in an account for the Alzheimers society
as always, input is a good thing, so let's hear ideas, criticism...ect
Topic: Discworld scrypt coin (Read 1244 times)
ok, so I've been asking around for developers that are familiar w/ quark. Nothing so far, but will keep updating. Anything else that anyone can think of that might be a good addition?
a poll w/ a yes/no for what? exactly?
why dont you make a poll with a yes/no. infact all pre launch shouldve
after thinking about it for a bit, I think I want the starting diff to be 1. that will still make it easy, but not stupidly easy, to mine coins. Quark is a good suggestion, as it can be mined w/ both CPU and GPU successfully. I think I"m going to start hunting down a dev here soon and getting some quotes.
Thanks for the link. I know they've been threatening asic-based scrypt miners.
If they release scrypt miners, it will strengthen the networks of those coins, not weaken them. Coins with multiple algorithms will still be GPU only (not subject to bot-nets so much as they are now), and will thrive for those who don't have a lot (I am only up yo 700khs - I never had money to invest, and there's no easy way to convert bitcoin to cash in the UK).
I may be a senior member here, but I'm still skint, lol
K.
Thanks for the link. I know they've been threatening asic-based scrypt miners.
that sounds good. I'll split the difference and go w/ 120mil, block reward halving every 2 years w/ a minimum of 1 coin reward. as for the fund, I agree that 2.5 to 5%(a poll might be set up to decide more exactly) being set aside in an account until it makes sense to convert. what does FIAT mean? I've seen it a lot, but never really understood it. If Alzheimer's gets cured(something fervently hoped for), then I agree we should hold a vote to see which disease/condition/cause should get the proceeds.
Discouraging miners is a bad thing, both for the future of the coin, and any good that it could possibly do. Is there a way to make the account that the fund % goes into transparent, so that anybody interested could see how much is in it, and if "money' gets drawn out? that way honest folks can be kept honest.
Discouraging miners is a bad thing, both for the future of the coin, and any good that it could possibly do. Is there a way to make the account that the fund % goes into transparent, so that anybody interested could see how much is in it, and if "money' gets drawn out? that way honest folks can be kept honest.
Well provided there is a block explorer, I believe making the address public would make it transparent?
right... I knew that(it's been a long day).
Would there be a good coin model out there to use for this? I know that IFC has the diminishing return, but I think that;s after x number of blocks, not x years.
FIAT = Currency controlled by a government or central bank - http://en.wikipedia.org/wiki/Fiat_money - sorry, it's just a wiki, but you get the idea.
I would personally suggest a Quark based coin - it's not going to be affected if/when scrypt ASICs ever become a reality.
K.
that sounds good. I'll split the difference and go w/ 120mil, block reward halving every 2 years w/ a minimum of 1 coin reward. as for the fund, I agree that 2.5 to 5%(a poll might be set up to decide more exactly) being set aside in an account until it makes sense to convert. what does FIAT mean? I've seen it a lot, but never really understood it. If Alzheimer's gets cured(something fervently hoped for), then I agree we should hold a vote to see which disease/condition/cause should get the proceeds.
Discouraging miners is a bad thing, both for the future of the coin, and any good that it could possibly do. Is there a way to make the account that the fund % goes into transparent, so that anybody interested could see how much is in it, and if "money' gets drawn out? that way honest folks can be kept honest.
Discouraging miners is a bad thing, both for the future of the coin, and any good that it could possibly do. Is there a way to make the account that the fund % goes into transparent, so that anybody interested could see how much is in it, and if "money' gets drawn out? that way honest folks can be kept honest.
Well provided there is a block explorer, I believe making the address public would make it transparent?
right... I knew that(it's been a long day).
Would there be a good coin model out there to use for this? I know that IFC has the diminishing return, but I think that;s after x number of blocks, not x years.
that sounds good. I'll split the difference and go w/ 120mil, block reward halving every 2 years w/ a minimum of 1 coin reward. as for the fund, I agree that 2.5 to 5%(a poll might be set up to decide more exactly) being set aside in an account until it makes sense to convert. what does FIAT mean? I've seen it a lot, but never really understood it. If Alzheimer's gets cured(something fervently hoped for), then I agree we should hold a vote to see which disease/condition/cause should get the proceeds.
Discouraging miners is a bad thing, both for the future of the coin, and any good that it could possibly do. Is there a way to make the account that the fund % goes into transparent, so that anybody interested could see how much is in it, and if "money' gets drawn out? that way honest folks can be kept honest.
Discouraging miners is a bad thing, both for the future of the coin, and any good that it could possibly do. Is there a way to make the account that the fund % goes into transparent, so that anybody interested could see how much is in it, and if "money' gets drawn out? that way honest folks can be kept honest.
Well provided there is a block explorer, I believe making the address public would make it transparent?
that sounds good. I'll split the difference and go w/ 120mil, block reward halving every 2 years w/ a minimum of 1 coin reward. as for the fund, I agree that 2.5 to 5%(a poll might be set up to decide more exactly) being set aside in an account until it makes sense to convert. what does FIAT mean? I've seen it a lot, but never really understood it. If Alzheimer's gets cured(something fervently hoped for), then I agree we should hold a vote to see which disease/condition/cause should get the proceeds.
Discouraging miners is a bad thing, both for the future of the coin, and any good that it could possibly do. Is there a way to make the account that the fund % goes into transparent, so that anybody interested could see how much is in it, and if "money' gets drawn out? that way honest folks can be kept honest.
Discouraging miners is a bad thing, both for the future of the coin, and any good that it could possibly do. Is there a way to make the account that the fund % goes into transparent, so that anybody interested could see how much is in it, and if "money' gets drawn out? that way honest folks can be kept honest.
So are we thinking this should be a coin /w a very high number of total coins, or should we make it a more rare coin? I like the idea of diff starting at 0 and adjusting every x number of blocks. Should the payout be constant, or decrease over time?
I think a model that works with the long term view has more potential. Low block reward of say 10 to start, and halving every 2 years, to a minimum of 1 coin per block. The coin should reach 1 coin per block after distributing around 80 to 160 milion, roughly. This would allow fast transaction times without diluting the market.
Also the Fund should hold the coins until it is a good time to start siphoning of small amounts as donations in FIAT to the cause itself.
I would suggest the fund be 2.5%, not including transaction fees (as not to discourage miners), until the block reward reaches 1 (If alzheimer's is solved before then*, then the funding will go to the next big disease**)
* We can all hope it is
** This would be voted on by the community.
K.
I was thinking have somewhere between 50-70mil coins total, block reward of 15 with 2 per black going to Alzheimer's society. block time would be about 2-2.5min.
it would be awesome of this became a currency to buy all things discworld.
it would be awesome of this became a currency to buy all things discworld.
So are we thinking this should be a coin /w a very high number of total coins, or should we make it a more rare coin? I like the idea of diff starting at 0 and adjusting every x number of blocks. Should the payout be constant, or decrease over time?
Might be easier for trading purposes if the coin had a lower total.
I could easily see there being a trading potential with this coin for buying/selling Discworld Novels if it ever hit an exchange.
So are we thinking this should be a coin /w a very high number of total coins, or should we make it a more rare coin? I like the idea of diff starting at 0 and adjusting every x number of blocks. Should the payout be constant, or decrease over time?
Also, if a small percent could go to a fund for 'alzheimer's society' - how cool would that be, great advertising as a minor bonus, but to actually have something to forward society in general would be awesome.
As we know, Mr Pratchett suffers from this, and set up the society himself (if i'm not mistaken - which i may be).
With some support, I think we could show how a tribute-coin could really work, and do some good to boot.
Just throwing ideas out there, hope you like them
K.
As we know, Mr Pratchett suffers from this, and set up the society himself (if i'm not mistaken - which i may be).
With some support, I think we could show how a tribute-coin could really work, and do some good to boot.
Just throwing ideas out there, hope you like them
K.
This is a *fabulous* idea! if we could figure out a way to make it work , I would be totally on board with it. I really like the idea of a coin giving back to the community at large.
I know a couple of coins have a setup where a % of every block goes to a certain address, so it must be 'not too difficult' for a dev to do it. Getting a dev to do it is the tricky part.
I'll watch this space, and help if I can.
K.
keep the ideas coming guys! i like where this is headed so far.
Also, if a small percent could go to a fund for 'alzheimer's society' - how cool would that be, great advertising as a minor bonus, but to actually have something to forward society in general would be awesome.
As we know, Mr Pratchett suffers from this, and set up the society himself (if i'm not mistaken - which i may be).
With some support, I think we could show how a tribute-coin could really work, and do some good to boot.
Just throwing ideas out there, hope you like them
K.
As we know, Mr Pratchett suffers from this, and set up the society himself (if i'm not mistaken - which i may be).
With some support, I think we could show how a tribute-coin could really work, and do some good to boot.
Just throwing ideas out there, hope you like them
K.
This is a *fabulous* idea! if we could figure out a way to make it work , I would be totally on board with it. I really like the idea of a coin giving back to the community at large.
Also, if a small percent could go to a fund for 'alzheimer's society' - how cool would that be, great advertising as a minor bonus, but to actually have something to forward society in general would be awesome.
As we know, Mr Pratchett suffers from this, and set up the society himself (if i'm not mistaken - which i may be).
With some support, I think we could show how a tribute-coin could really work, and do some good to boot.
Just throwing ideas out there, hope you like them
K.
As we know, Mr Pratchett suffers from this, and set up the society himself (if i'm not mistaken - which i may be).
With some support, I think we could show how a tribute-coin could really work, and do some good to boot.
Just throwing ideas out there, hope you like them
K.
I wouldn't know how to go about premining anyway. it's always kind ofbugged me when a coin is launched and it's mined to shit before anyone even gets their rig in the game. My mining rig is fairly small anyway(I typically run 400kh/s). I'm not asking for donations, but won't turn them down, either. If anyone knows a good dev, point them my way.
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