Well I am for closed source at the beginning, I think its the only way to make it a success. Tough I do think that the code should be released to some trusted members of bitcointalk so they can ensure that there is nothing "bad" in the code.
What do you guys think would happen if it gets release open cource and three weeks later there are ten different "copy and paste" coins releases?Would that be good for any body?
I think something smiler has already happened once with ppcoin, (I think) first coin to use POS. Now there are like four or more copycoins (BTG,BTB,CAP, etz.), none of which are a real success and ppcoin is also not doing to well...
http://coinmarketcap.com/Look at the marketcap of PPcoin, where are the copycats standing? Behind it. That PPcoin isn't a big succes at the moment has nothing to do with copycats. If Sunny released it closed source, we wouldn't even mention it anymore.
Litecoin who has such a huge number of copycats that it isn't even countable, where is Litecoin standing? 2nd, the copycats doesn't seem to hurt it.
I think the closed source will hurt it much more, it just isn't wise to run a closed source currency. If you put a lot of money in the currency en the developer choose to stop the support or gets hit by a bus, no other developer can pick it up. It isn't decentralized, 1 or a few people control the code. Nobody knows if it is secure to run, could be a walletstealer for all we know...
If I where you guys, I would really rethink this idea.
Well that is a good point, Litcoin did very well that is true...but I do think that times have changed a bit since then. When litecoin was released back in 2011 a new coin was something special. Now since beginning of this year there have been so many new coin releases that a new coin is nothing special anymore. Now the question would be, what would have happened if litcoin would have been released beginning of this year? Or other way around, what would have happened if all of the new coins would have been released back in 2011 shortly after litecoin? I think that Litcoin would not have been such an "success" as it has become. I think that the time changed and that something that worked two years ago might not be working that good this year anymore.
By the way, I am absolutely for open source, but I think that in that case open source might be something not wise to do.
And, if trusted members of bitcointalk can verify the code and we all know it is clean, I don´t see a reason why we would need the source code unless for making a copiecoin, or would there be another reason?
