Quote from: mochimodev on February 07, 2018, 12:29:14 AM

Quote from: badstars on February 06, 2018, 08:44:57 PM

This could be interesting. Couple of questions:

You say you started from a blank page. Will it all be open source? Miner as well? Because I assume you will release your own miner if you go with your new algo.
If so, please pay for a GitHub account and keep it Private 😎 leaked public GitHubs seems to be a thing these days.

Are you planning on making pools available at launch or will we need to solo mine initially?

Make sure your lead dev eats, otherwise he won't make it til launch.

One of the things that has been missing from the crypto world is a project built with the intention of providing a reference architecture to the community at large, and a codebase that is carefully documented so as to be easily understood. Our cryptocurrency literally has a manual.

Now, an important distinction: The Mochimo Project has produced a cryptocurrency engine. Our flagship proof-of-concept transaction network & currency is $MCM. The source code for the engine is available with a "compile-only" EULA, meaning the end-user is only allowed to compile and run it, not modify it or clone it. Everything else is open-source w/attribution under the MIT license, including the miner, wallet software, blockchain explorer, etc.

What this means is, if a person or organization wants to create a clone of the Mochimo currency (for example for the purposes of extending it or adding something new to it), two things are true:

1) It will be super easy, because it is a very well-documented code-base designed to be understood and modified by future generations.
2) They will have to pay the Mochimo Steering Committee a licensing fee for the privilege.

Do we think everyone will respect our license requirements? Let's just say the 800K premine of $MCM that is allocated to the Mochimo Steering Committee is expected to go to legal fees for those who don't want to respect our intellectual property.

As for your last question about pools: This really comes down to how quickly we can deliver on our other targets. It is not a pre-launch priority, just a nice-to-have.

Thanks for a solid answer.

Why I'm extra pro-pools in your case is because it's new tech, meaning it's likely many will have issues getting started with solo mining. That in turn gives a poorer distribution.

But don't get me wrong, I like your clear launch date and perhaps you are planning something else, like a ramp up of block rewards to make sure we get a good distribution from the beginning.

No nicehash at least helps with that 😎