Quote from: fl0wd3v on May 27, 2017, 03:36:34 PM

Quote from: superskillz on May 27, 2017, 03:20:48 PM

@fl0wd3v If the goal is to make one coin that replaces other alts, how about Ringcoin -- one coin to rule them all! Seems catchy to me. There was a previously launched ringcoin, but I don't think it went anywhere. I actually just bought that domain name when thinking about the same thing raised here, which is that altcoins really need one-centered coin and would be glad to contribute if that could work.

In terms of functional differentiation, if we also want to make this more for the people, why not institute a "basic income" for anyone who owns some amount of Ringcoin? For example, we could pay out some amount to unique user addresses annually that diminishes on an annual basis as usage for the currency rises. This would require some mechanism for registering unique users to addresses, but would also ensure less wealth disparity across the owners.

In addition to that functional differentiation, we could also set up ~5% of the overall pool on behalf of charitable work to be mined directly for specific charities or voted on annually for distribution. This could also be owned by a separate non-profit entity if needed.

Once we have a name, we might coordinate a bunch of related activities at once, including a logo contest, crowd fund (possibly?), and initial user registration of some kind if we were going to do automatic distributions.

Other questions:
- Would you imagine this as a finite supply of coin or an infinite supply?
- Did you have any ideas on how to differentiate?
- Any ideas on how to get the first users? Should we consider an initial crowd fund?
- Do you think we need a team of people attached to the project or keep it fully anonymous?

Assuming you can run with the technology, some of the ways I could potentially contribute:
- Online / offline evangelism
- Structured plan to marketing / distribution
- Building advisory board (if needed)
- Domain (if of interest)
- Setting up non profit if necessary

The reward structure I drew up is based on a finite supply of 95,000,000. I do have ideas on how to differentiate but I am sure others have input too. Marketing/Promotion months before release of the software must be done to gain initial users and a crowd fund for development/marketing is welcomed. I think the people involved should stay completely anonymous and the direction of the project be spoken about publicly. In terms of GitHub control I would want to initially retain control whilst the project is in its infancy.

it is not important that the currency will have a finite supply important is that u can get enough important people on your side which will promote the currency in a way that it will receive common accepted value