Quote from: digitalindustry on June 13, 2013, 09:42:20 AM

wow its getting easier and easier to find the innovative topics , just look for the ones the Bittards are bashing

Im in support - I can suggest call it "ANT"

much more descriptive - and people will say i have so many ants - its a common word and it will catch on -

also don't underestimate names and psycological symbols - people want to know what an Ant is , becasue they have a human idea in their mind about what an Ant should be.

plus then the symbol becomes simple .

etc etc - more awareness -

one question:

so an Ants value is derived by the backing of those that pledge other currencies to it ?

is there a restriction on the currency list ? or is it open , you say wha tis traded on Cryptsy , does that include BTC and LTC ?

put me down for an Ant ! - {sorry its just what i'm going to call it}

i'll buy in ! - mostly becasue of that angry cunt that was calling it shit lolz

nice to see your interest. Yes the value is derived by the cumulative value of pledges that will be placed in one account that lists the balances of all the wallets and displays it as a number in selected currencies such as BTC,LTC and maybe later monetary currencies. I think it is a great name and your points are valid. I'm hoping we can get good designs now that i can incorporate into the client now, so that we release a full project that runs smoothly. The list for accepted currencies is limited to currencies listed on cryptsy since they support the most of them. And yes BTC and LTC are included on that list, someone suggested backing with USD and RUR (i think he's russian) but i think that would be difficult to implement unless cryptsy adds support for those currencies.

There was however a physcological hurdle that was highlighted to me... it seems people wont like to over divide their share... say you get a share six months from now... 0.001 and it is worth 0.1 btc... the worth at today's price is high but apparently people want to see larger numbers in their wallet. It was suggested i raise the initial number to 10k~ 100k, then per consequent block reward to 0.0001 for those who leave their client mining. What are your thoughts on this? And since you are a dev also, how would you suggest we clean out the risk of a farm or data mining the crap out of subsequent blocks?