There has been a bit of buzz of late about a new coin named GRIN, for everyone who hasn’t looked into it yet I suggest you do. GRIN is a very innovative project and it has been released in the same vain as bitcoin, completely open, no setting aside coins for founders, no marketing campaigns or other bullshit. This is a project that is so good that it will be able to create a following just as bitcoin has. In fact, Theymos himself, has stated that this is the only alt-coin that he is actually interested in.
However, there is one shitty shitty thing about this coin, that is a great deal of concern for any who look into it. GRIN is an infinite supply coin at a rate of 50 coins per minute, forever!
In my eyes this is completely unacceptable, if you can’t mine this coin, and 99% can't you will be forced to buy it, and buying into something this inflationary is a shortcut to the poor house. A massive risk that will essentially mean a lack of adoption. This coin is worse than fiat in this way.
So my solution is a clone of the coin with only these changes:
1) Block reward of 50 coins for the first 3 months only - this will bring the supply to roughly 6.5 million. The price should settle in this timeframe and will be a good time for people who can’t mine to buy in.
2) After the 3 month period block reward drops down to 5 per minute matching bitcoins initial block reward.
3) Halfening of block reward every 4 years until some kind of max cap has been released then it has to survive on transaction fees, just like bitcoin
That’s it. That's all that needs to be done to make GRIN great and a good choice for those 99% who can’t mine but are forced to buy. When GRIN releases a new update you simply use it exactly as is except for the change in block rewards. A very easy project for a programmer to do, but, one that could essentially make a great coin.
I can’t program at all but I'm sure there are many here who can so how about it? Will someone/group please make GRIN great.
This greatness can be achieved in 2 ways
1) This clone coin becomes more popular then GRIN itself, because it more closely aligns to bitcoin, therefore becomes one of the top alt-coins
2) This coin forces the developers of GRIN to remove their infinite supply model due to everyone investing in this deflationary coin over their inflationary coin.
This is a win/win situation really
Is it an ICO? Or are you promoting an ICO? or seeking for services here on altcoin discussion? I guess you should transfer your thread to services because its quite inaappropriate it in here.