Post
Topic
Board Altcoin Discussion
Re: Is there still need for more coins, or better, opporutnities for innovation?
by
Equality
on 03/05/2013, 22:01:50 UTC
Heya,
I was wondering, with the rush of useless alt coins, is there still anything innovative we could do for a new coin? I would be very interested in making a coin, but I'm not going to make a LTC clone,change the difficulty and rename it, I was wondering, can we still do anything innovative, or is LTC the only alt coin we need?
make a direct democracy coin. that will solve the problem bitcoin has with the bitcoin foundation. every user of the coin gets 1 vote and every decision about the coin gets voted on by every user. any user can propose a change and if a certain percent of users support it then it will be approved for a vote. you can call it direct democracy coin or DDC. it will be the worlds first truly decentralized coin without a central governing body controlling it in secret making back room deals behind closed doors, called the bitcoin foundation.

What would there to vote about?
how commits will be made to the source code. whether we will pay someone to build infrastructure and work on programming for the coin. if so then how he will be paid, through donations or a tax or something similar. if not then i guess it will only be done by people willing to work on it for free. there are lots of things to decide. many brains working together is much better than one and people will feel passionate about it because they can directly effect it. they will feel it is theirs. this will make them work much harder for it and put their heart and soul into it.

not to mention it will do something good for the world unlike scamcoins.

It's an okay idea I guess, it could work in terms of that it will make it theirs. I wonder what a good name would be. 'MURICOIN
we could vote on which infrastructure will be made. what changes will be made to the source code. there could even be polls to decide the specifics about the coin before it is released. for example whether it will be scrypt or sha or something new. the total number of coins to be created. what the block reward will be and how often blocks will be created. whether it will only be CPU friendly or only GPU friendly.