Post
Topic
Board Altcoin Discussion
Re: A.I. Coin Pre-Release Development Diary
by
SlipperySlope
on 10/04/2015, 02:53:38 UTC
... pay a software licence fee to the company...

This coin will not take off under that model.
What will happen, is that all of your technology will be copied and used in a clone that will take off.

Of course, you can get around this by making the coin closed source, in which case I doubt you'll ever sell one license fee.


Well, what is worse from your point of view is that the intelligent agent software has a provisional patent application pending. Most of the source code will be available for inspection, and could be copied and used in jurisdictions that do not permit nor honor software patents. Each of our peers wraps a branded recent version of Bitcoin Core, which will always be open source.

AI Coin's technology allows for instant spending of received aicoins. This is zero confirmations. No Finney attacks, no undoing transactions, nor double spend fraud. The network has a rationally designed topology. In only two hops, a transaction from a wallet reaches the super peer whose turn it is to create the next new block. That gives worldwide subsecond response time.

AI Coin Inc, the company behind its cryptocurrency, optimally spends its majority share of issued aicoins for promotion and development. There is no substantial expense for electricity nor specialized mining equipment. Proof-of-Stake, although mentioned in our May 2014 whitepaper, is actually not necessary for the current implementation, which does not routinely have disagreement. Instead we will have a human-in-the-loop to oversee the distributed intelligent software agents that operate the network. Super peer operators on several continents will take turns monitoring the network and each other.

What will make this coin take off, if indeed it does, is simply that a single company, engaging its enthusiastic community, spending most of the issued aicoins with the single goal of optimising the benefits for current and future users, succeeds in executing its mission.