Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Guncoin(GUN) - New NeoScrypt Algorithm
by
thegeneral1985
on 05/06/2017, 10:06:54 UTC
Oh. If it's new type of blockchain, it might make sense to start from scratch. If it's compatible, then a fork would work just fine. You can't, for example, fork now and then migrate it to a token on ETH. You will be creating a brand new token.

Perhaps a smart contract that takes a snapshot of the guncoin blockchain, but I don't know if that can work automatically. Plus the addresses look different.

OK, we are in agreement then - so that would be where it makes sense to fork what we have now for one option that fits with existing GUN and call it Guncoin-Gold or GUN1, then create something totally different with another purpose and algorithm and make it Guncoin-Silver, etc. etc. etc. So then we would need the Guncoin exchange to exchange between 2-3 coins or tokens and we have a Guncoin Economic System instead of just one coin.  That is what I envisioned two years ago - there were just not as many options for the second two as there are now. 

Like thegeneral said, we are not in any hurry and new things pop up every day giving us more options and probably making it easier.  I am not terribly interested in blazing a new and unproven technology trail at this point.  But taking advantage and making use of the best of what is out there with a new purpose makes good business sense.....


It is my opinion that the era of a small team with little funding creating its own blockchain is over.  Devs are going to put coins and tokens on the main blockchains.  It's just economics.  Blockchains (that are good and scalable) are just to difficult and expensive to maintain for smaller operators.  And given the network effects and economies of scale of larger blockchains- people will release tokens/coins on large blockchains.

That is where we are now.  With these new blockchains coming up- I think we should examine them and think about issuing our coin on one of them by year's end.