If I created a new coin ... | Bitcointalksearch.org

TimeBits

member

Activity: 224

Merit: 62

Quote from: thirdprize on August 22, 2019, 03:17:37 AM

Quote from: TimeBits on August 20, 2019, 05:24:07 PM

1. Everyone makes the supply at the same rate. (because equality mother fuckers)
2. Some % of the network fee`s get put into a pool where all the users vote where they go to. (so we can start a bitcoin society)
3. Everyone on the network is 1 vote, not whoever has the most cpu power. (because equality mother fuckers)

So the man who cleans the street gets paid the same as a brain surgeon? Not sure about that.It also sounds more centralised than what we have now. Everyone has an address (bank account?) they get paid into and which is managed by someone else. Also people don't bother voting unless they really have to.

No, you can pay someone 20 duration coins in a hour, and you can pay another man 40 duration coins in a hour.

People don`t vote because they are voting someone to vote for them, instead of just voting on issues and paying themselves and even then you only do it if you are willing.

thirdprize

sr. member

Activity: 485

Merit: 274

Quote from: TimeBits on August 20, 2019, 05:24:07 PM

1. Everyone makes the supply at the same rate. (because equality mother fuckers)
2. Some % of the network fee`s get put into a pool where all the users vote where they go to. (so we can start a bitcoin society)
3. Everyone on the network is 1 vote, not whoever has the most cpu power. (because equality mother fuckers)

So the man who cleans the street gets paid the same as a brain surgeon? Not sure about that.It also sounds more centralised than what we have now. Everyone has an address (bank account?) they get paid into and which is managed by someone else. Also people don't bother voting unless they really have to.

TimeBits

member

Activity: 224

Merit: 62

Here is what I would change.

1. Everyone makes the supply at the same rate. (because equality mother fuckers)
2. Some % of the network fee`s get put into a pool where all the users vote where they go to. (so we can start a bitcoin society)
3. Everyone on the network is 1 vote, not whoever has the most cpu power. (because equality mother fuckers)

congrats we can now take on fiat and build a world and society that does not suck mega donkey dick, where you are a fucking $lave. Instead you are fucking free to enterprise for a legit money supply created by everyone at the same rate, rather than uncle sams created out of fucking thin air in endless unknown amounts.

Quote from: odolvlobo on August 18, 2019, 03:15:59 PM

Quote from: thirdprize on August 18, 2019, 08:04:42 AM

1. No mining or staking.

Since POW (or POS) is what makes a decentralized digital currency possible, how will your currency work without it?

turn difficulty to 0, pos = people obtain 24 coins a day every day 1 coin an hour, Than can stake those if need be using bitcoin. When they die they cannot collect anymore. A limited supply but and not unlimited as you die someday. Something we have never tried and is better than bullshit fiat and bitcoin combined, because it leaves our kids a future.

https://www.youtube.com/watch?v=Y7TLFyK_3Pk

Do you think the people born in 2142, are going to work for bitcoin? you got to be out of your mind, it is like the fiat to us today. Once educated they will say fuck your supply that was not distributed fairly. *To them* it looks like a 100% premine.

thirdprize

sr. member

Activity: 485

Merit: 274

Quote from: Jet Cash on August 20, 2019, 02:53:38 AM

I'm becoming interested in creating a security token. The value of the token would be determined by the value of the holdings in the investment pool. I don't think there is any way that it could be decentralised though. Obviously there would need to be central control over the sale and purchase of the assets.

Some things work in the crypto world and some things don't. Anything physical doesn't.

thirdprize

sr. member

Activity: 485

Merit: 274

Quote from: odolvlobo on August 19, 2019, 06:20:30 AM

I humbly suggest that you learn more about the design of Bitcoin before you try to fix it or improve it.

I have read the white paper a couple of times. Thing is, bitcoin is a v1.0 piece of software at best. It has so many flaws it is hard to know where to start. And layer 2 things like Lightning Network are simply a small sticking plaster over a big hole at best. It works, but that is not really good enough these days.

I'm just trying to come up with suggestions for v2.0.

Jet Cash

legendary

Activity: 2688

Merit: 2444

https://JetCash.com

I'm becoming interested in creating a security token. The value of the token would be determined by the value of the holdings in the investment pool. I don't think there is any way that it could be decentralised though. Obviously there would need to be central control over the sale and purchase of the assets.

odolvlobo

legendary

Activity: 4298

Merit: 3209

Quote from: thirdprize on August 18, 2019, 05:20:04 PM

Quote from: odolvlobo on August 18, 2019, 03:15:59 PM

Quote from: thirdprize on August 18, 2019, 08:04:42 AM

1. No mining or staking.

Since POW (or POS) is what makes a decentralized digital currency possible, how will your currency work without it?

The "miner" submits a group of transactions, and an algorithm finds all the groups that don't intersect and they get "mined". Miners get paid something small, for a seconds work. As low and high fees will be guaranteed to be processed, it pays to have a mix of the two. You get paid the same either way.
The idea is to get rid of miner pools and high fees and return it to the hands of the people. Fast cheap transactions would get people using it. Maybe no cap, so less of an investment.
Sure someone has had this idea already.

I humbly suggest that you learn more about the design of Bitcoin before you try to fix it or improve it.

thirdprize

sr. member

Activity: 485

Merit: 274

Quote from: odolvlobo on August 18, 2019, 03:15:59 PM

Quote from: thirdprize on August 18, 2019, 08:04:42 AM

1. No mining or staking.

Since POW (or POS) is what makes a decentralized digital currency possible, how will your currency work without it?

The "miner" submits a group of transactions, and an algorithm finds all the groups that don't intersect and they get "mined". Miners get paid something small, for a seconds work. As low and high fees will be guaranteed to be processed, it pays to have a mix of the two. You get paid the same either way.

The idea is to get rid of miner pools and high fees and return it to the hands of the people. Fast cheap transactions would get people using it. Maybe no cap, so less of an investment.

Sure someone has had this idea already.

stfN2128

member

Activity: 882

Merit: 14

whats the purpose of your coin? just aiming to be the better bitcoin? this wont work, so many have tried it already. there should be a little bit more than just a identifier and a blockchain without pow and pos.

odolvlobo

legendary

Activity: 4298

Merit: 3209

Quote from: thirdprize on August 18, 2019, 08:04:42 AM

1. No mining or staking.

Since POW (or POS) is what makes a decentralized digital currency possible, how will your currency work without it?

thirdprize

sr. member

Activity: 485

Merit: 274

Based on the current problems of bitcoin, I would have the following features.

1. No mining or staking. Every second, all outstanding transactions are bundled into non related groups (sharding) and a small amount (from the fees) is paid to a random miner for each "group". Firstly speeds up transactions, secondly takes out the centralisation (of big mining pools) and thirdly as you only get a dollars worth it is not worth pooling or asics.
2. Fixed % fee based on what you spend paid into a pool.
3. Optional privacy mixer built in. Incurs 2*fee.
4. Some sort of (optionally) identifier built into the public key. FredBloggs_j3hg12jh3gjhg3j12g31j3gj12h or hacker33_kj4hk4hkjhkj3h4kjh4k3j.
5. Still non reversible.

Just speculating here. Any comments?

Topic: If I created a new coin ... (Read 174 times)