TrueCoin <-- coin with moderate inflation - page 3.

Sunny King

legendary

Activity: 1205

Merit: 1010

Quote from: don giovanni on April 22, 2013, 01:09:39 PM

Proof of stake requires centralization, which is against bitcoins design philosophy.

Not exactly accurate, ppcoin's central checkpointing would become advisory-only by default in the future, as an emergency recourse for the users. I would say the level of decentralization would become effectively similar to bitcoin.

Ukigo

jr. member

Activity: 42

Merit: 1000

Difficulty will be calculated,
similarly to PPCoin (for PoW).

Tomorrow we'll post about "inflation"
more detailed, but in short
1% of inflation per year is not enough for several reasons.

Regarding inflation, the biggest question,
is this : "How to predict adoption rate/curve ?"
That is : how many first blocks we should
"hyperinflate" and how to calculate
bounty for "hyperinflation" stage of coin's
life.

don giovanni

member

Activity: 80

Merit: 10

Quote from: phrozenspite on April 22, 2013, 01:07:59 PM

Why not include the proof of stake, that was considered to be a very good idea.

And I'd shy away from premining since that(right or wrong) has tarnished the reputation of many coins.

Proof of stake requires centralization, which is against bitcoins design philosophy.

phrozenspite

sr. member

Activity: 266

Merit: 250

Why not include the proof of stake, that was considered to be a very good idea.

And I'd shy away from premining since that(right or wrong) has tarnished the reputation of many coins.

Storan

member

Activity: 112

Merit: 10

Quote from: chris200x9 on April 22, 2013, 11:33:46 AM

interested, I've been wanting to do / see something like this, a small amount of inflation is a NECESSITY for a currency IMO.

PM me if I can help in anyway.

Also I'd go with like +1% inflation, I agree pretty much with other alt coins that inflation is "bad" but I also see it as necessary so I'd try to go as small as possible (within reason not like +0.0000001% or something crazy).

Please, see this topic: https://bitcointalksearch.org/topic/chart-bitcoin-inflation-vs-time-130619
Bitcoin will receive a 1% inflation the year 2025. This is quite small value.

Storan

member

Activity: 112

Merit: 10

Quote from: Remember remember the 5th of November on April 22, 2013, 11:23:24 AM

I like that you will use new algo. How will difficulty be calculated?

just about. each difficulty * 10 ---> reward +10coin

Cheshyr

full member

Activity: 168

Merit: 100

I'll watch this. A couple of ideas here mesh up with things I want to try out... CPU mining, Premine used to facilitate early functionality such as faucets and the like.

chris200x9

legendary

Activity: 1316

Merit: 1011

interested, I've been wanting to do / see something like this, a small amount of inflation is a NECESSITY for a currency IMO.

PM me if I can help in anyway.

Also I'd go with like +1% inflation, I agree pretty much with other alt coins that inflation is "bad" but I also see it as necessary so I'd try to go as small as possible (within reason not like +0.0000001% or something crazy).

Remember remember the 5th of November

legendary

Activity: 1862

Merit: 1011

Reverse engineer from time to time

I like that you will use new algo. How will difficulty be calculated?

Ukigo

jr. member

Activity: 42

Merit: 1000

reserved

psybits

legendary

Activity: 1386

Merit: 1000

Watching

Ukigo

jr. member

Activity: 42

Merit: 1000

reserved

Ukigo

jr. member

Activity: 42

Merit: 1000

Hi !
Here we'll post about ~~TrueCoin~~ proposal.

Topic: TrueCoin <-- coin with moderate inflation - page 3. (Read 5672 times)