Stupid idea? | Bitcointalksearch.org

karasuri

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Activity: 252

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Quote from: ?? on ??

Quote from: Ayers on August 14, 2017, 10:09:26 AM

Quote from: BullCreek on August 14, 2017, 08:16:20 AM

I have a weird idea for blockchain tech A coin that can only be mined by a certain zipcode, CPU mineable only, a hashrate cap per miner, no pools, with an unique ID per individual to ensure only one miner per person. I have no idea if any of this feasible Im not a developer.

If any of this were possible this could give communities with lower income a great entry into blockchain tech. Some kind of coin a whole community could mine, improve, and eventually trade on the international market.

My idea is to have like a south side Chicago coin.

Just how absolutely wrong am I?

this coin would be not secured very well, and there was an idea like that with an altcoin, called mineral, they made so that you can only one with one miner per person but in the end it did not work correctly

I've seen similar things where they verify via cell phone, people just spammed the free temp numbers and dumped the wallets.

well all new is the old what we can't remember or how it was said? it is working with phone maybe that will too

godogedang

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The dumbest idea I ever thought of was to make a kite, but not using wood, but just use paper only

Emoclaw

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Merit: 251

Quote from: MissHope on August 14, 2017, 10:06:52 AM

Quote from: sweetdesirez on August 14, 2017, 09:31:38 AM

Quote from: BullCreek on August 14, 2017, 08:16:20 AM

I have a weird idea for blockchain tech A coin that can only be mined by a certain zipcode, CPU mineable only, a hashrate cap per miner, no pools, with an unique ID per individual to ensure only one miner per person. I have no idea if any of this feasible Im not a developer.

If any of this were possible this could give communities with lower income a great entry into blockchain tech. Some kind of coin a whole community could mine, improve, and eventually trade on the international market.

My idea is to have like a south side Chicago coin.

Just how absolutely wrong am I?

Technically and theoretically all that you have visioned is possible. But what will be the value of it in practical life and at the end of the day who will be using this type of coin which is limited and centralized?

Theoretically may be, but not technically. Of course I can be wrong, but I think it could not be done

Theoretically and technically, in this context, is the same thing. If it can be done in theory then it's also technically feasible, what exactly do you mean?

OP this idea is horrible for all the reasons everyone has outlined above, plus all the constraints you're placing are useless/needless.

Ayers

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Leading Crypto Sports Betting & Casino Platform

Quote from: BullCreek on August 14, 2017, 08:16:20 AM

I have a weird idea for blockchain tech A coin that can only be mined by a certain zipcode, CPU mineable only, a hashrate cap per miner, no pools, with an unique ID per individual to ensure only one miner per person. I have no idea if any of this feasible Im not a developer.

If any of this were possible this could give communities with lower income a great entry into blockchain tech. Some kind of coin a whole community could mine, improve, and eventually trade on the international market.

My idea is to have like a south side Chicago coin.

Just how absolutely wrong am I?

this coin would be not secured very well, and there was an idea like that with an altcoin, called mineral, they made so that you can only one with one miner per person but in the end it did not work correctly

MissHope

newbie

Activity: 42

Merit: 0

Quote from: sweetdesirez on August 14, 2017, 09:31:38 AM

Quote from: BullCreek on August 14, 2017, 08:16:20 AM

I have a weird idea for blockchain tech A coin that can only be mined by a certain zipcode, CPU mineable only, a hashrate cap per miner, no pools, with an unique ID per individual to ensure only one miner per person. I have no idea if any of this feasible Im not a developer.

If any of this were possible this could give communities with lower income a great entry into blockchain tech. Some kind of coin a whole community could mine, improve, and eventually trade on the international market.

My idea is to have like a south side Chicago coin.

Just how absolutely wrong am I?

Technically and theoretically all that you have visioned is possible. But what will be the value of it in practical life and at the end of the day who will be using this type of coin which is limited and centralized?

Theoretically may be, but not technically. Of course I can be wrong, but I think it could not be done

nekoico

newbie

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I agree, from a technical standpoint it could be done.

sweetdesirez

sr. member

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Merit: 250

Quote from: BullCreek on August 14, 2017, 08:16:20 AM

I have a weird idea for blockchain tech A coin that can only be mined by a certain zipcode, CPU mineable only, a hashrate cap per miner, no pools, with an unique ID per individual to ensure only one miner per person. I have no idea if any of this feasible Im not a developer.

If any of this were possible this could give communities with lower income a great entry into blockchain tech. Some kind of coin a whole community could mine, improve, and eventually trade on the international market.

My idea is to have like a south side Chicago coin.

Just how absolutely wrong am I?

Technically and theoretically all that you have visioned is possible. But what will be the value of it in practical life and at the end of the day who will be using this type of coin which is limited and centralized?

Xavofat

hero member

Activity: 938

Merit: 559

Did you see that ludicrous display last night?

Quote from: BullCreek on August 14, 2017, 08:16:20 AM

with an unique ID per individual to ensure only one miner per person.

If you require a centralised ID system to consider whether people should be allowed to participate, why bother using blockchain technology at all?

Quote from: BullCreek on August 14, 2017, 08:16:20 AM

If any of this were possible this could give communities with lower income a great entry into blockchain tech.

Maybe, but the money has to come from real economic value, so I don't see what advantage it would give to the people in that area. There would still be inequalities - some people would have more efficient machines than others.

Quote from: BullCreek on August 14, 2017, 08:16:20 AM

and eventually trade on the international market.

If it was traded on the international market, why would anyone outside of south side Chicago decide to buy it?

mk4

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Quote from: BullCreek on August 14, 2017, 08:16:20 AM

I have a weird idea for blockchain tech A coin that can only be mined by a certain zipcode, CPU mineable only, a hashrate cap per miner, no pools, with an unique ID per individual to ensure only one miner per person. I have no idea if any of this feasible Im not a developer.

If any of this were possible this could give communities with lower income a great entry into blockchain tech. Some kind of coin a whole community could mine, improve, and eventually trade on the international market.

My idea is to have like a south side Chicago coin.

Just how absolutely wrong am I?

I'm not sure, but I think restricting mining via zipcode is impossible. How would you extract the zipcode information of your miners? Some internet service provider's IPs doesn't give specific geographic locations.

Ok. Let's assume all of your stated pre-requisites are feasible. Why do you think people would mine your coin? What's the technology in it? What real world problems does it solve? Huh

Nothing. Just a random cryptocurrency/token that has limited mine-ability.

BullCreek

newbie

Activity: 26

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I have a weird idea for blockchain tech A coin that can only be mined by a certain zipcode, CPU mineable only, a hashrate cap per miner, no pools, with an unique ID per individual to ensure only one miner per person. I have no idea if any of this feasible Im not a developer.

If any of this were possible this could give communities with lower income a great entry into blockchain tech. Some kind of coin a whole community could mine, improve, and eventually trade on the international market.

My idea is to have like a south side Chicago coin.

Just how absolutely wrong am I?

Topic: Stupid idea? (Read 471 times)