Topic: What the community absolutely needs in an AltCoin. From a multiple Faucet owner. (Read 705 times)

Bitcoin already has the blockchain split into 128MB files and most of the altcoins aren't even past 20MB yet. Litecoin is the only currency with a single file anywhere near 2GB, and it's barely over 1GB.

You have no idea what you're talking about.

It's been some time since you started all those threads about tx fees and you still haven't learned what those fees are for or how and why they apply.

Also, it seems you haven't paid attention to any of the recent 50 coin releases in terms of what people want from a coin in order to not call it a scam.

I just wanted to bump this b/c its a great idea

I've been running a BitCoin Faucet for a few months now. More recently started an exact clone of the Faucet for ByteCoin//BTE

www.BitHits.info & www.ByteHits.info are the Faucets.

That said. I've noticed a plethora of HUGE show stopping issues with the current implementation of BitCoin. Seeing as everyone and their grandmother is making AltCoins these days. I propose an AltCoin that encompasses the following features.

-TX Fee system proportionate to the amount of coins sent! NEVER to be more then 100% of the coins sent. And NEVER something ridiculous like the 200% to 5000% fees that exist currently in BitCoin. (I can cite examples if you dont believe the fees are that retarded)
-Priority system based on Input Value and TX Size. Age of coins should not factor. Confirmed to a point yes, With Confirms lower then a set amount a slightly higher fee.
-BlockChain stored locally in files no larger then 200MB - the 2GB files that are currently used tend to bog down systems with lower memory. And will make running dedicated instances of *coind much easier.
-Ability to send 0fee TX or minuscule tx fees for widely confirmed coins above a certain input value. Again age not a factor. Just amount of confirms.
-Clients/Miners must accept ALL transactions it sees, within reason. So long as it is a valid transaction and adheres to the rules set. The option to 'exclude any transaction that is valid because I'm not getting a cut' should not exist. This is exclusionary and does not give back to the health of the network.
-Very high coin circulation. Its hard to adopt what you dont have. 3.5 Billion coins seems good. More then enough should the coin become global and widely adopted.
-Quick coin distribution, Maybe a 1000 and 500 bonus early on for early adopters. 200 per block the normal rate. Reduced by 20 coins per year.

If someone makes such a coin - I will provide a domain and hosting for it! E-Mail [email protected] if you want to collaborate on this project. Of course reply here first