Introducing Platcoin, the platinum to bitcoins gold

markm

legendary

Activity: 2940

Merit: 1090

Quote from: qxzn on April 18, 2013, 01:41:05 AM

On a related but slightly more serious note, has anyone made a coin whose block reward has completely paid out, i.e. all the coins have been mined and only transaction fees remain for miners?

Yes, several in fact. But they failed to attract miners so ended up moving to Open Transactions for now until such time as their transaction volume is enough for transaction fees to be able to pay for mining.

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

-MarkM-

Dabs

legendary

Activity: 3416

Merit: 1912

The Concierge of Crypto

Maybe you could make a TransactionCoin. Only tx fees are awarded to miners.

However, if the block reward is zero at the start, no one has any coins. If you make it stop after 1 month or 1 year or after the first 100,000 blocks, then only the early miners have the coin.

If you make it so only the genesis block(s) have rewards, and the rest don't, then you have effectively pre-mined. One entity holds all the coins and sells them.

It wouldn't work as well, because no one would buy it.

qxzn

hero member

Activity: 609

Merit: 506

On a related but slightly more serious note, has anyone made a coin whose block reward has completely paid out, i.e. all the coins have been mined and only transaction fees remain for miners?

jdebunt

legendary

Activity: 1596

Merit: 1010

i'ld go for "NotACoin" tbh

Shad3dOne

sr. member

Activity: 261

Merit: 250

Interesting.....

no no no.

TungstenCoin.....it so hard to mine, its rare.

FuzzyBear

legendary

Activity: 1420

Merit: 1010

Quote from: weex on April 18, 2013, 01:25:25 AM

If you want to base the name on the rarest material on earth, go with IntelligenceCoin.

Seriously though, IridiumCoin.

How about UnObtainiCoin - UOC .... could even have blue smurf logo Cool

weex

legendary

Activity: 1102

Merit: 1014

If you want to base the name on the rarest material on earth, go with IntelligenceCoin.

Seriously though, IridiumCoin.

Luckybit

hero member

Activity: 714

Merit: 510

LMAO good joke.

Although the idea of a more scarce Bitcoin is actually a good idea because it could separate the speculators out.

Stampbit

full member

Activity: 182

Merit: 100

Platcoins main feature is that only 100 coins will ever be made and the first two miners will get half of them, with a block reward that halves every 12 seconds. The upside is that each platcoin is divisible down to the .000000000000000000000000000000000000000000000000000000000000000000000000000000 0000000000000000000000000000th.

Go git em!

Topic: Introducing Platcoin, the platinum to bitcoins gold (Read 1421 times)