Post
Topic
Board Altcoin Discussion
Re: I have a suggestion for a new currency
by
MooC Tals
on 30/05/2013, 19:43:33 UTC
I dont know why people are jealous of the premined coins..

But here is my 2 cents on the topic.

First a good alt coin (well for me)  - A coin that would do huge advertisements 3 months or so before the release.
                                              - no premine.
                                              - Already on major xchange before its start (Btce, mtgox, ect..)
                                              - block reward from 1 to 50 for the like say first years (first 6 months) then start to decrease.
                                              - see peoples very active to make the coin enter the $$ market like BTC and LTC.
                                              - usable to buy goods (major market computer,electronics)

I dont think we need more coins.. I think we need more quality coins!


Yes I agree except the exchange part, I find that kills a great deal of coins. You could say its a testing ground. The quality coin needs a hedge against dumping and that is difficult when there are no services to use with the coin. I think exchanges should be after the fact. I know exchanges are in part the mechanism that allows others to know its worth but I see it as a killer of alts.

Great for pre-miners but only becuase there are guys out there who think it will be a good coin. When ppl stop buying the coin it dies. basically only speculators buy it and not anyone who needs it to trade for goods. That cant be good.