Let's think about this for a second. A lot of the previous coins we've seen released have had:
-Botched Releases
-Incredibly Low Starting Difficulty which eventually gets abandoned
-No real difference from Litecoin (with the exception of Yacoin, the only truly innovative one)
-ORPHANS ORPHANS ORPHANS
Innovations that need to be made:
-Increase transaction speed without sacrificing secruity
-A new hashing algorythm seperate from Scrypt or SHA-256, or alternative ways to earn coins that take advantage of the distributed network (a distributed filestoring service, perhaps, and you get coins based on bandwith used or something? Torrent with a coin reward? Bonuses for seeding materials that haven't been seeded? All .tor files are stored in the blockchain? Vote system to get rid of illegal content?)
-Easier to use (think integrated GUI miner into the client)
--There should be no need to use a seperate miner
--Addresses should be able to be shortened (think tinyurl for addresses; sign up a word to represent an address)
--Resistance to expensive equipment (GPUs, FGPAs, ASICs)
-Good release with:
--Decent difficulty
--No leaking to anyone before use
--ON TIME
-Reduce Orphans
--Centralization is bad but a few starting servers to increase starting connections would be a good idea
-PoS that is evident that it is working and can be used with an encrypted wallet
-No differences between Linux and Windows/Mac iterations
-Botched Releases
-Incredibly Low Starting Difficulty which eventually gets abandoned
-No real difference from Litecoin (with the exception of Yacoin, the only truly innovative one)
-ORPHANS ORPHANS ORPHANS
Innovations that need to be made:
-Increase transaction speed without sacrificing secruity
-A new hashing algorythm seperate from Scrypt or SHA-256, or alternative ways to earn coins that take advantage of the distributed network (a distributed filestoring service, perhaps, and you get coins based on bandwith used or something? Torrent with a coin reward? Bonuses for seeding materials that haven't been seeded? All .tor files are stored in the blockchain? Vote system to get rid of illegal content?)
-Easier to use (think integrated GUI miner into the client)
--There should be no need to use a seperate miner
--Addresses should be able to be shortened (think tinyurl for addresses; sign up a word to represent an address)
--Resistance to expensive equipment (GPUs, FGPAs, ASICs)
-Good release with:
--Decent difficulty
--No leaking to anyone before use
--ON TIME
-Reduce Orphans
--Centralization is bad but a few starting servers to increase starting connections would be a good idea
-PoS that is evident that it is working and can be used with an encrypted wallet
-No differences between Linux and Windows/Mac iterations
And who do you suppose will do such a thing? This things cost money. Good programmers work for real money, and good money.
Implementing this things will cost many hours of work. Paying for the servers cost money. And if the guy developing the thing is premining, for this community he is a scamer. So who will risk his time and money to work on this and to end up with nothing, and the guys that have mined bitcoin since the start and now have expensive hardware end up with more money? Why do that?
