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Topic: new approach to altcoin design, practical consideration - page 2. (Read 5526 times)

full member
Activity: 126
Merit: 100
Just started to read what you would like to do the world. I appreciate your efforts you have put so far. I wish you would come out with the live community support soon.

Distributed Micro Payment System is one of the most wanted systems of the current Internet Era. It should b fast, safe and efficient to feed the demands of the people all over the world. The current decentralized blockchain technology has some pros/cons for world wide acceptance from government, people of different standards from rich to poor, business to worker and viz.

Making something like Distributed micro payments system is an efficient way to reach the mass in no time. It must beat banks, existing centralized distribution systems which have physical or virtual presence or both.

At first glance, I'm writing this that the sidechain concept is a great thing to be adopted for this kind. I believe you have spent your 2 years to one of the good projects. I first off all, wish you to have time to spend for the project that the world still looking for a better than the best one.

I still haven't gone technically into the works you have done. To get better feedback, you need to get more exposure.

Some things that can help you to talk to more people are.
1. Reddit AMA - Use cryptocurrency, dogecoin, bitcoin and of course r/btc (from forum.bitcoin.com) channels - they have huge subscriber base and you get tons of ideas and suggestions and critics from a lot of people.
2. Use zapchain.
3. Create infographics which is more important and much more needed than words. It will clearly explain what you are actually going to do with Distributed Micro Payment System.
 a. It must graph who, where, for what and why they need the system.
 b. What is needed for the system? - Wallet, Blockchain and related information
 c. Comparison to existing systems like banks, virtual currencies, emerging blockchain technologies
 d. In what ways, your system or (our) system enhance the micropayment over the other systems.
4. As this is a sidechain project, you must be well prepared to answer questions about future forks or other unidentified changes to blockchains that you use for the system.
5. You need to tweet and facebook often about the works you are doing.
6. It's better if you have good set of people form a team and contribute the project at various levels.
7. You must prove how unique, secure and safe your code is.
8. Do need to talk to people often via AMA or have constant touch with social media.
9. Can other projects adopt your system for their own micropayment system. If yes, you need to explain with an example.
10. Once you're popular, start an irc channel and lurk with people there, you get tons of people talking daily and supporting the project it it gets into right shape.
11. Are you going to freely distribute some gift/assets or something to people around the world who joins you like neucoin, brics or others doing (I just added them for example, not believe in any of them).
12. What if the altcoin's blockchain that you use to implement die on the other day(Most of the altcoins died). It happens as everyone knows.


Okay, As of now, I just wanted to add just the basics needed to reach the world. You may have known all these things and you have had a different opinion to start it at different time. Hope this could be a good read for you and others who are visiting this thread.

Every project/coin starts with no support or with money invested on their own. Any project/coin can succeed and go to the moon only when the developer/team/supporter(s) put their right efforts at right time. We have seen lot of projects start with minimal information and peaked.

Good luck Mate! Hope many people will join and do good support for the success of the system.

I'm with you.

[I may come again with some more information after testing the tools you listed on the OP]


appreciate your tips. I don't know  when will be right timing but  most likely when my system mature even more. It looks like full time job and for now my full time job is development of my project.

I wasn't aware of many options you listed thx. I will use your post as  reference point when time will come...

You're so quick to reply. I believe you have strong work ethics. Spending 2 years for the development of the system is a great thing. You would have brainstormed a lot. But still, I still prefer more brainstorm sessions. There are very great developers in this forum. They can give you vital support if you can prove the vital importance of the system. That will easily take you to masses. You can also do hangouts.

full member
Activity: 195
Merit: 102
DiMS dev team
Just started to read what you would like to do the world. I appreciate your efforts you have put so far. I wish you would come out with the live community support soon.

Distributed Micro Payment System is one of the most wanted systems of the current Internet Era. It should b fast, safe and efficient to feed the demands of the people all over the world. The current decentralized blockchain technology has some pros/cons for world wide acceptance from government, people of different standards from rich to poor, business to worker and viz.

Making something like Distributed micro payments system is an efficient way to reach the mass in no time. It must beat banks, existing centralized distribution systems which have physical or virtual presence or both.

At first glance, I'm writing this that the sidechain concept is a great thing to be adopted for this kind. I believe you have spent your 2 years to one of the good projects. I first off all, wish you to have time to spend for the project that the world still looking for a better than the best one.

I still haven't gone technically into the works you have done. To get better feedback, you need to get more exposure.

Some things that can help you to talk to more people are.
1. Reddit AMA - Use cryptocurrency, dogecoin, bitcoin and of course r/btc (from forum.bitcoin.com) channels - they have huge subscriber base and you get tons of ideas and suggestions and critics from a lot of people.
2. Use zapchain.
3. Create infographics which is more important and much more needed than words. It will clearly explain what you are actually going to do with Distributed Micro Payment System.
 a. It must graph who, where, for what and why they need the system.
 b. What is needed for the system? - Wallet, Blockchain and related information
 c. Comparison to existing systems like banks, virtual currencies, emerging blockchain technologies
 d. In what ways, your system or (our) system enhance the micropayment over the other systems.
4. As this is a sidechain project, you must be well prepared to answer questions about future forks or other unidentified changes to blockchains that you use for the system.
5. You need to tweet and facebook often about the works you are doing.
6. It's better if you have good set of people form a team and contribute the project at various levels.
7. You must prove how unique, secure and safe your code is.
8. Do need to talk to people often via AMA or have constant touch with social media.
9. Can other projects adopt your system for their own micropayment system. If yes, you need to explain with an example.
10. Once you're popular, start an irc channel and lurk with people there, you get tons of people talking daily and supporting the project it it gets into right shape.
11. Are you going to freely distribute some gift/assets or something to people around the world who joins you like neucoin, brics or others doing (I just added them for example, not believe in any of them).
12. What if the altcoin's blockchain that you use to implement die on the other day(Most of the altcoins died). It happens as everyone knows.


Okay, As of now, I just wanted to add just the basics needed to reach the world. You may have known all these things and you have had a different opinion to start it at different time. Hope this could be a good read for you and others who are visiting this thread.

Every project/coin starts with no support or with money invested on their own. Any project/coin can succeed and go to the moon only when the developer/team/supporter(s) put their right efforts at right time. We have seen lot of projects start with minimal information and peaked.

Good luck Mate! Hope many people will join and do good support for the success of the system.

I'm with you.

[I may come again with some more information after testing the tools you listed on the OP]


appreciate your tips. I don't know  when will be right timing but  most likely when my system mature even more. It looks like full time job and for now my full time job is development of my project.

I wasn't aware of many options you listed thx. I will use your post as  reference point when time will come...
sr. member
Activity: 257
Merit: 250
well i dont know why there is no good feedback yet, because this program is nice and also i watched the video and i think it is a nice currency thanks. my advice for this developer is that you dont give up in this, because many people who attained success today passed through these same situation
full member
Activity: 126
Merit: 100
Just started to read what you would like to do the world. I appreciate your efforts you have put so far. I wish you would come out with the live community support soon.

Distributed Micro Payment System is one of the most wanted systems of the current Internet Era. It should b fast, safe and efficient to feed the demands of the people all over the world. The current decentralized blockchain technology has some pros/cons for world wide acceptance from government, people of different standards from rich to poor, business to worker and viz.

Making something like Distributed micro payments system is an efficient way to reach the mass in no time. It must beat banks, existing centralized distribution systems which have physical or virtual presence or both.

At first glance, I'm writing this that the sidechain concept is a great thing to be adopted for this kind. I believe you have spent your 2 years to one of the good projects. I first off all, wish you to have time to spend for the project that the world still looking for a better than the best one.

I still haven't gone technically into the works you have done. To get better feedback, you need to get more exposure.

Some things that can help you to talk to more people are.
1. Reddit AMA - Use cryptocurrency, dogecoin, bitcoin and of course r/btc (from forum.bitcoin.com) channels - they have huge subscriber base and you get tons of ideas and suggestions and critics from a lot of people.
2. Use zapchain.
3. Create infographics which is more important and much more needed than words. It will clearly explain what you are actually going to do with Distributed Micro Payment System.
 a. It must graph who, where, for what and why they need the system.
 b. What is needed for the system? - Wallet, Blockchain and related information
 c. Comparison to existing systems like banks, virtual currencies, emerging blockchain technologies
 d. In what ways, your system or (our) system enhance the micropayment over the other systems.
4. As this is a sidechain project, you must be well prepared to answer questions about future forks or other unidentified changes to blockchains that you use for the system.
5. You need to tweet and facebook often about the works you are doing.
6. It's better if you have good set of people form a team and contribute the project at various levels.
7. You must prove how unique, secure and safe your code is.
8. Do need to talk to people often via AMA or have constant touch with social media.
9. Can other projects adopt your system for their own micropayment system. If yes, you need to explain with an example.
10. Once you're popular, start an irc channel and lurk with people there, you get tons of people talking daily and supporting the project it it gets into right shape.
11. Are you going to freely distribute some gift/assets or something to people around the world who joins you like neucoin, brics or others doing (I just added them for example, not believe in any of them).
12. What if the altcoin's blockchain that you use to implement die on the other day(Most of the altcoins died). It happens as everyone knows.


Okay, As of now, I just wanted to add just the basics needed to reach the world. You may have known all these things and you have had a different opinion to start it at different time. Hope this could be a good read for you and others who are visiting this thread.

Every project/coin starts with no support or with money invested on their own. Any project/coin can succeed and go to the moon only when the developer/team/supporter(s) put their right efforts at right time. We have seen lot of projects start with minimal information and peaked.

Good luck Mate! Hope many people will join and do good support for the success of the system.

I'm with you.

[I may come again with some more information after testing the tools you listed on the OP]

full member
Activity: 195
Merit: 102
DiMS dev team
Firstly I do appreciate your work.
But as a non-technical cryptocoin enthusiastic, I have some questions for you.
With your description and video, I'm not still sure what your project is about and where do you want to take it to?
At the time there are many digital coins/tokens/services based on different technologies. Many big tech industries and people are in bitcoin and altcoin business. How would your service be different from any other altcoins or digital tokens? How people would be benefited from this service and on which level? For what would be this service used for. What more would it have other that what bitcoin and clients offers? And why would merchants and client look for it?

As you are non-technical guy I will only hint that my coin is potentially more efficient in processing transaction, way more than traditional altcoin. So what  you get is  massive amount of transaction and this by itself counts for something.

Purpose:
Coin is targeted toward  software developers and application buyers. My service is designed in the way that it enable you to embed payment processor inside your application easily on programmer level. On the other hand it allow you to buy someone else program as  easy.

User case:
Let say you are IT student you like programming in c++ and you have developed brand new application. Today you need to find middleman he will sell app for you taking away big chunk of  profit. Its burden its take times, in many cases you may give up before you find right person. In my system it is faster it takes no time, you ask nobody for permission. You build your application put  it wherever in internet and if  other  system users will like it  you will profit.

Obviously system is in development phase if it succeed range of supported  languages may increase.

 I am not aware of any other service with such capabilities it is the reason why I am developing this

legendary
Activity: 3164
Merit: 1069
Firstly I do appreciate your work.
But as a non-technical cryptocoin enthusiastic, I have some questions for you.
With your description and video, I'm not still sure what your project is about and where do you want to take it to?
At the time there are many digital coins/tokens/services based on different technologies. Many big tech industries and people are in bitcoin and altcoin business. How would your service be different from any other altcoins or digital tokens? How people would be benefited from this service and on which level? For what would be this service used for. What more would it have other that what bitcoin and clients offers? And why would merchants and client look for it?
full member
Activity: 195
Merit: 102
DiMS dev team
I have provided some binaries check it out
legendary
Activity: 1139
Merit: 1000
TRUSTplus Dev
after thinking about whole  idea in case of  my  platform attaching to more than  one  blockchain have not economical sense

It gets expensive the more side chains you go and it does ultimately tie up BTC by my design.  The idea is to tie up a less expensive side-chains as you increase depth.
full member
Activity: 195
Merit: 102
DiMS dev team
after thinking about whole  idea in case of  my  platform attaching to more than  one  blockchain have not economical sense
legendary
Activity: 1139
Merit: 1000
TRUSTplus Dev
Establishing the Pegs in QT is pretty easy.  We are trying to miniaturize it so infinite amount of instances can be created.  Its my belief you should PEG to a secure block chain, like an altcoin.



full member
Activity: 195
Merit: 102
DiMS dev team
It looks like something like this could be used as a type of sidechain project, could you make a wallet that could connect to 50 Blockchains? You could make all payments by best price among a basket.
it is not my purpose, but  quite interesting question on theoretical level, at first  glance seems  feasible.
Right now  I am struggling with basics at some  point  it may be  nice  to play  with fancy extensions but  not  now.
legendary
Activity: 882
Merit: 1024
It looks like something like this could be used as a type of sidechain project, could you make a wallet that could connect to 50 Blockchains? You could make all payments by best price among a basket.
full member
Activity: 195
Merit: 102
DiMS dev team
current bitcoin spamming  concerns  me  a lot. In meantime  my  project has  stalled a  bit,  I marvel if  my  coin  will  be  able  to defeat  the  problem, only  time  will  show
full member
Activity: 195
Merit: 102
DiMS dev team
Good on you for thinking a bit differently.

I simply want to promote idea of network with different architecture. Instead of having let  say 500 anonymous nodes. In my architecture there will be far less of them let say 40. In return those will be powerful computers  with their  identity and record  of  activities know because all communication is  signed. This way there is no need  for  blockchain within this network.
 Since state zero of  each coin is  well defined ( bitcoin  blockchain, proof of burn  coin creation ).
And  later peers  can  track in real  time who is doing valid  job and who aren't because  messages are signed.
 In the sense this  is  a  trust good peers exclude  liars  as  soon as possible philosophy.
 Obviously it is  a bit  tricky but I believe it can be done.


What  you get is  high  bandwidth because  no  blockchain exists, so no  transaction per block limit.
sr. member
Activity: 266
Merit: 250
Good on you for thinking a bit differently.
full member
Activity: 195
Merit: 102
DiMS dev team

yep although vid is  quite  boring it is doing  quite good  job of illustrating what is  exceptional about  this coin.
 
but anyway  I am somehow failing on promoting the idea.
So  what left is  to focus on development. My next goal is to  fix peers  synchronization. It will enable anyone  with separate ip number, full participation in network(as monitor or tracker), all of this obviously still in testnet mode.

When software stabilizes I will start  main network as  well, and  than I will put more heart into promotion.
 When  real money is on the line it always ignites some  emotions



 
member
Activity: 62
Merit: 10
full member
Activity: 195
Merit: 102
DiMS dev team
full member
Activity: 195
Merit: 102
DiMS dev team
small video:
http://youtu.be/6aKujmjXg-g

sorry for poor quality, after making upload into youtube it is deteriorating
full member
Activity: 195
Merit: 102
DiMS dev team
What is your goal exactly?
increase bandwidth many times, relatively to bitcoin
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