Personally, dev should offer this conversion rate also.
You want your project to be successful, that would be a very good marketing tactic.
yes this is a very good marketing tactic. But then again, the community will decide, on this matter.
following the same line of thoughts we are thinking to create a special account that will be minable. To stimulate miners to use their hash power to dig in that found, of course it will not have any correlation to the code, or the coin itself but it will an incentive to gather more interest over our project.
what are your thoughts on this?
How would mining work on a coin coded on node.js?
I doubt that we will incorporate the mining engine within the core, but as an idea, we could set up a side chain tied to specific accounts. Or we could make an dapp that will act as difficulty generator to mimic the actual uᴉoɔʇᴉq network and the stress that miners are subjected in order to cover the block. And as reward to get a certain amount of coins that the community will contribute.
This might seem an incentive for asics owners, but it will have to be profitable to them so they don't waste their hashes... maybe making an separate mining algorithm that could be applied within the client... so many options to work this out, but not sure if it will be worth it...
what do you think?
So if you create a new mining algorithm based on node.js would the coin now become POW/POS? I don't think anyone has done a node.js miner, it'd be interesting.
The mining simulator would be good, but I still think POS should be enough since the wallet would be light I hope.
The swap would still be a good idea, it looks like there is a lot interest in that. Then again we don't know what is going on with node and what, if anything, future it most likely does or does not have.
When are you planning the ICO and the terms for the ICO?