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Topic: Project Nemesis - Alt-coin project - page 5. (Read 12657 times)

legendary
Activity: 1890
Merit: 1000
Landscaping Bitcoin for India!
January 31, 2014, 07:18:51 AM
#25
Population:

India- 1.25Billion
Srilanka- 21million
Nepal-27.5million
Pakistan-180million
Indonesia-247million
Mauritius-1.3million
Seychelles-90000

OK  Undecided Thats not much. only less than 2 billion


1250000000
2100000
2750000
18000000
24700000
1300000
90000

1298940000 total Pop
259788000 Total Coins - Pop/5
- Why 5? Average Indian family size.

Taking india as it is a large part of the demographic.
sr. member
Activity: 280
Merit: 250
January 31, 2014, 07:15:45 AM
#24
Ok. Now! i might be deviating from the initial idea... what about a coin exclusive for BRIC - the name is cool
sr. member
Activity: 280
Merit: 250
January 31, 2014, 07:12:41 AM
#23
Population:

India- 1.25Billion
Srilanka- 21million
Nepal-27.5million
Pakistan-180million
Indonesia-247million
Mauritius-1.3million
Seychelles-90000

OK  Undecided Thats not much. only less than 2 billion
hero member
Activity: 546
Merit: 501
Cypherpunk and full-time CryptoAnarchist
January 31, 2014, 07:09:16 AM
#22
wow this thread is exploding i can even keep up with the replies .

I think we should move to the group chat at IRC

https://webchat.freenode.net/

Channel -  #taproom

legendary
Activity: 1890
Merit: 1000
Landscaping Bitcoin for India!
January 31, 2014, 07:04:59 AM
#21
Suggestions so far are:

Momentum algo
No limit with incremental growth.

- Number of coins per block awarded
- How often are blocks found?
- Frequency of difficulty retargets
- Number of blocks per day
sr. member
Activity: 280
Merit: 250
January 31, 2014, 07:03:30 AM
#20
We can even use Momentum algo like in protoshares- that way its more cpu friendly than scrypt - though even it has a gpu miner released but not much adv over the cpu
not much alt-cryptos are under this algo - to be accurate only 1. but don't know for sure
Invictus Inovation's have much varying and interesting ideas - maybe we can start from there

I looked at it, would it not invite botnets like crazy?

bot net will be a problem even if scrypt is used.

Ya right. Botnets can be used for scrypt too. but the momentum algo has a amd-opencl miner now- so idon't think people 'll take the efforts for botnets.
But yes cloud mining wiill have its share.
In the early PTS time i alone used like 50 cloud servers
hero member
Activity: 546
Merit: 501
Cypherpunk and full-time CryptoAnarchist
January 31, 2014, 07:01:56 AM
#19
No, 20 billion is too high... more like 1 billion to represent population of india...



Hmmmm! good idea but... But with the "rupia" we can try to represent 7 nations- India, Sri Lanka, Pakistan, Indonesia, Nepal, Seychelles, Mauritious

Cap needs to be removed but the amount of  coins generated after a certain limit should be at about 1% of the first rewards block  
legendary
Activity: 1890
Merit: 1000
Landscaping Bitcoin for India!
January 31, 2014, 07:01:25 AM
#18
No, 20 billion is too high... more like 1 billion to represent population of india...



Hmmmm! good idea but... But with the "rupia" we can try to represent 7 nations- India, Sri Lanka, Pakistan, Indonesia, Nepal, Seychelles, Mauritious

There, we just got scale. Wonder what is the combined population of all 7 nations.
sr. member
Activity: 280
Merit: 250
January 31, 2014, 07:00:14 AM
#17
No, 20 billion is too high... more like 1 billion to represent population of india...



Hmmmm! good idea but... But with the "rupia" we can try to represent 7 nations- India, Sri Lanka, Pakistan, Indonesia, Nepal, Seychelles, Mauritious
legendary
Activity: 1890
Merit: 1000
Landscaping Bitcoin for India!
January 31, 2014, 07:00:07 AM
#16
We can even use Momentum algo like in protoshares- that way its more cpu friendly than scrypt - though even it has a gpu miner released but not much adv over the cpu
not much alt-cryptos are under this algo - to be accurate only 1. but don't know for sure
Invictus Inovation's have much varying and interesting ideas - maybe we can start from there

I looked at it, would it not invite botnets like crazy?

bot net will be a problem even if scrypt is used.

Then we can use scrypt itself
hero member
Activity: 546
Merit: 501
Cypherpunk and full-time CryptoAnarchist
January 31, 2014, 06:59:06 AM
#15
We can even use Momentum algo like in protoshares- that way its more cpu friendly than scrypt - though even it has a gpu miner released but not much adv over the cpu
not much alt-cryptos are under this algo - to be accurate only 1. but don't know for sure
Invictus Inovation's have much varying and interesting ideas - maybe we can start from there

I looked at it, would it not invite botnets like crazy?

bot net will be a problem even if scrypt is used.
legendary
Activity: 1890
Merit: 1000
Landscaping Bitcoin for India!
January 31, 2014, 06:57:30 AM
#14
We can even use Momentum algo like in protoshares- that way its more cpu friendly than scrypt - though even it has a gpu miner released but not much adv over the cpu
not much alt-cryptos are under this algo - to be accurate only 1. but don't know for sure
Invictus Inovation's have much varying and interesting ideas - maybe we can start from there

I looked at it, would it not invite botnets like crazy?
sr. member
Activity: 448
Merit: 250
January 31, 2014, 06:56:13 AM
#13
No, 20 billion is too high... more like 1 billion to represent population of india...

hero member
Activity: 546
Merit: 501
Cypherpunk and full-time CryptoAnarchist
January 31, 2014, 06:55:32 AM
#12

Can use the hashing that quark uses or come up with our owne.
hero member
Activity: 546
Merit: 501
Cypherpunk and full-time CryptoAnarchist
January 31, 2014, 06:54:24 AM
#11
OK! its exciting we started this thread. Here is my idea for the coin:

Code:

Block No Reward supply Total supply

0-400,000 20000 8,000,000,000 8,000,000,000
400,001-800,000 10000 4,000,000,000 12,000,000,000
800,001-1,200,000 5000 2,000,000,000 14,000,000,000
1,200,001-1,600,000 2500 1,000,000,000 15,000,000,000
1,600,001-2,000,000 1250   500,000,000 15,500,000,000
2,000,001 and above 500 4,500,000,000 20,000,000,000

Total CAP: 20 Billion
Block Time: 30seconds
Blocks per day:2880
Diff re-target: every 960 blocks(3hrs)
Money supply max out in approx 10.5 years



Which current alt-coin comes closest to a build like this?

Lets base it on the latest release of bitcoin, with the above specs, but remove the cap and replace it with scrypt


legendary
Activity: 1890
Merit: 1000
Landscaping Bitcoin for India!
January 31, 2014, 06:51:53 AM
#10
OK! its exciting we started this thread. Here is my idea for the coin:

Code:

Block No Reward supply Total supply

0-400,000 20000 8,000,000,000 8,000,000,000
400,001-800,000 10000 4,000,000,000 12,000,000,000
800,001-1,200,000 5000 2,000,000,000 14,000,000,000
1,200,001-1,600,000 2500 1,000,000,000 15,000,000,000
1,600,001-2,000,000 1250   500,000,000 15,500,000,000
2,000,001 and above 500 4,500,000,000 20,000,000,000

Total CAP: 20 Billion
Block Time: 30seconds
Blocks per day:2880
Diff re-target: every 960 blocks(3hrs)
Money supply max out in approx 10.5 years



Which current alt-coin comes closest to a build like this?
Its DOGE - only nos changed  Grin

lol.. kk, we gonna have to rethink that a lot.
sr. member
Activity: 280
Merit: 250
January 31, 2014, 06:51:07 AM
#9
OK! its exciting we started this thread. Here is my idea for the coin:

Code:

Block No Reward supply Total supply

0-400,000 20000 8,000,000,000 8,000,000,000
400,001-800,000 10000 4,000,000,000 12,000,000,000
800,001-1,200,000 5000 2,000,000,000 14,000,000,000
1,200,001-1,600,000 2500 1,000,000,000 15,000,000,000
1,600,001-2,000,000 1250   500,000,000 15,500,000,000
2,000,001 and above 500 4,500,000,000 20,000,000,000

Total CAP: 20 Billion
Block Time: 30seconds
Blocks per day:2880
Diff re-target: every 960 blocks(3hrs)
Money supply max out in approx 10.5 years



Which current alt-coin comes closest to a build like this?
Its DOGE - only nos changed  Grin
sr. member
Activity: 280
Merit: 250
January 31, 2014, 06:50:34 AM
#8
We can even use Momentum algo like in protoshares- that way its more cpu friendly than scrypt - though even it has a gpu miner released but not much adv over the cpu
not much alt-cryptos are under this algo - to be accurate only 1. but don't know for sure
Invictus Inovation's have much varying and interesting ideas - maybe we can start from there
legendary
Activity: 1890
Merit: 1000
Landscaping Bitcoin for India!
January 31, 2014, 06:48:31 AM
#7
OK! its exciting we started this thread. Here is my idea for the coin:

Code:

Block No Reward supply Total supply

0-400,000 20000 8,000,000,000 8,000,000,000
400,001-800,000 10000 4,000,000,000 12,000,000,000
800,001-1,200,000 5000 2,000,000,000 14,000,000,000
1,200,001-1,600,000 2500 1,000,000,000 15,000,000,000
1,600,001-2,000,000 1250   500,000,000 15,500,000,000
2,000,001 and above 500 4,500,000,000 20,000,000,000

Total CAP: 20 Billion
Block Time: 30seconds
Blocks per day:2880
Diff re-target: every 960 blocks(3hrs)
Money supply max out in approx 10.5 years



Which current alt-coin comes closest to a build like this?
sr. member
Activity: 378
Merit: 250
January 31, 2014, 06:48:16 AM
#6
Reserved
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