Quote from: e521 on May 15, 2013, 08:13:55 AM

Milkshake, where are you? Cry

Dont need him apparently, and AWOL. Probably floating around these fora building a new identity.

Quote from: TheTortoise on May 15, 2013, 08:21:58 AM

This the biggest hype fail alt-coin ever Cheesy

86 pages and no windows Cheesy

What's 'official'? Any scam coin can release a virus/worm/steal your coins client and call it official. Official is what the community decides. Maybe you audited the code for us (but do we trust you?)
So far so good, according to users of the WinQT binary.

The coin itself is also not described to be fit for any purpose, express or implied, in case you didnt read the disclaimer on the back of each coin.

Quote from: WindMaster on May 15, 2013, 08:44:56 AM

if a little bit of something (like inflation) is good for a coin, then a lot of something must be even better, right?

Ask the Argentinians. Again. They do this every decade.

No im not advocating exponential rewards. Your hyperbole isn't that useful here. I detect you do have some useful comments but they're always cloaked in overstatement. Can we try a little?

Quote from: WindMaster on May 15, 2013, 08:44:56 AM

Another case where anyone that doesn't believe changes should be made is effectively kicked off your "new and improved" blockchain by not adopting the changed client code, enforced through collusion with pool owners to effectively 51% anyone "not going along with the plan"?

How did TRC fix their retarg inteval? How is FRC fixing their diff recalculator and retarg now? This isnt to steal coins or 'mid'premine, there's a way to do this without ripping every one off. It's been done before.

Quote from: hercules on May 15, 2013, 09:10:30 AM

What if you keep the actual inflation rate of 1 coin per 24 points of difficulty, but split the increase for each difficulty change? So it is like the actual expression WITHOUT the rounding to integer:

Diff 1 = 1 coin
Diff 2 = 1 + 1/23 coin
Diff 3 = 1 + 2/23 coin
..
Diff 25 = 2 + 1/23 coins

Someone with a serious unsarcastic idea actually discussing things. Thank you!

Yes, this is a pretty good idea. Wasnt sure rewards could be non integer. Apparently they can. Why not 1/24ths instead of 1/23rds? Diff 24 = 1 + 24/24ths = 2 and so on?

Quote from: Aditer on May 15, 2013, 09:48:20 AM

I suggest additionally to implement a demurrage fee. Demurrage gradually reduces the value of currency held:

Not sure people dig demurrage. Maybe the economists over in #FRC will win Forbes mag's 'best alt coin of the decade' award after it's chosen for use, but right now the market of miners are speaking and it's consistently seen as 'unprofitable to mine': http://www.coinchoose.com/

I think there's room in the world to get one demurrage'd coin going and entertaining all the economist wonks out there, but you arent going to attract enough of an ideological splitter crowd from it, or hold regular miners to it. Yes, the masses are stupid, we have to move them incrementally towads the light. I agree demurrage is a great idea, but none of these coins will go anywhere if the hashrate goes to and stays at 0. People need to perceive they're at least paying their power costs.

Quote from: Aditer on May 15, 2013, 09:48:20 AM

1. price of coin should be much more correlated with energy price and GPU depreciation - 1 coin / 1 kW = const

Technological improvements can cause massive jumps in efficiency. It's very hard to lock the coin to the cost of power (and if you somehow managed to do that, you should call it PowerCoin, oh, already taken). Sides, barring any other fundamental in any of these coins (ie no proven usefulness, except perhaps a shred of it in BTC as a value store that authorities have trouble getting at for Cypriots and Argentines?), they are all running on hope * cost of power as a valuator. Cost of power is always seen as a base hard fundamental, naturally occurring with each coin, depending on the tech of the day (ASICs for BTC are shaking up the fundamentals - as BFL 'actually' ships (?), we'll see the value of BTC rise slower than the difficulty. Already happening. 10% diff+ /2wks isnt being tracked by the value in lockstep.)

Quote from: MrWizard on May 15, 2013, 11:07:24 AM

It should be smooth transition between block reward changes, for example:

diff = 2 : br = sbr*√2 etc

Fractional rewards must be given. If this is not done then this is not a colossal fail, it is a fucking colossal fail.

You had me til 'fucking colossal'. Save it for the 'epic fail' early launch posts.

I agree with the smooth block reward increases, great idea. However, changing the fundamental valuation "isnt fair" as WindMaster suggests to those who joined the coin precalculating their reward at diff 2400 / block 5,000,000 being X. If we pull the rug out from their long-term-planning feet now, who are they to ever trust again?

Yes a bit of facetiousness on my part there, but he's suggesting optics of sticking to the original premise are worth a huge amount, and Im inclined to agree (though less forcefully).

The smooth transition valuation is great, from Hercules, though Im hearing that not having an exponential decline leads to rampant inflation. Is it dangerous to have a linear relation of reward:diff? Remember we're slowly reducing the reward as block height (~time) increases too, by / (height/194400). Do we need it to be sqrt(diff) or faster reduction?

Thanks for the ideas guys, I think we have a chance of making something of this coin with this idea, which is namely to benefit later miners to maintain a hashrate, without causing exponential rewards for early miners like any altcoin or even bitcoin and its new millionaires.