Quote from: dupee419 on September 13, 2013, 06:31:02 PM

Quote from: Metatron on August 29, 2013, 08:52:00 PM

Quote from: bananenplukker on August 29, 2013, 07:55:02 PM

Quote from: Metatron on August 29, 2013, 06:07:30 PM

I respect the name choice as I completely understand your thinking and intentions, but having a person's name as the name of a coin is a bit unappealing (at least for me) and could be open for various interpretations as everyone has different points of view. In fact there's already a post about 'radiation' and even I when I read the name thought that this might be some radiating coin that has some features that reflect this. But as you said, you named it like that for her achievements and hard work...

I'd rather go for an adjective or something symbolic as a name for the coin that portrays Marie Curi's achievements and your line of thought - might be more catchy and acceptable. Although as you both said, MCC is quite good.

Now, apart from the name, I think these are a couple of points that you should consider:

do not offer instant bounties for pools - I don't know how many coins failed because pool owners took the bounty to create the first few pools and then jumped on the next coin, taking down the previous pool just to take again the bounties. If you offer bounties make them 'per month running' and not all at one go at the creation time;
I'm not favorable to the idea of always increasing difficulty. Many on here are armed to the teeth with pro mining rigs and can kick the difficult high quite fast. This would deter small-hash miners to keep supporting the network in the long run and would definitely be unattractive to newbies joining the crypto-world to support it too, as most also would have small-hash power.

For now this is what I think should be considered, along with the good points many have already mentioned in this thread.

Thanks though for trying to innovate and listening to the community. Grin

Thanks for your well-thought and supporting comment! I understand MarieCurieCoin may lead to speech problems, but I still think MCC solves this problem and sounds rather nice. If someone has a suggestion as to a better name, feel free to comment. Try to be constructive, like many have done before you in this thread, to avoid the "I don't like the name" comments. Also, thanks for your tips regarding the pool. If possible, I'll try to host a pool myself, but I"ll need to look into that.

Furthermore, what alternative are you thinking of regarding difficulty? Decreasing reward? To promote the coin's value, I think it is important to make it more scarce, i.e. :making it more difficult to acquire 1 coin. How do you think a set difficulty is going to work out.

Many, many thanks for your constructive comment and time!

I'm no expert in the nitty gritty of these difficulty algos, but I hate it when there is a new coin and big miners jump on it to mine when the difficulty is still very low and then after a few acquired millions they leave to pump-and-dump their coins leaving the real supporters of the coin facing high difficulty! Angry

I think that difficulty retargeting (or balancing) should be incorporated so when the big hashers leave, the difficulty level will balance itself with the remaining hashes - kind of 'supply-demand' ideology. What I mean is that if there is high hashrate = high difficulty; if small hash rate = lower difficulty. IMO this is a needed component for the longevity of the coin to remain in existence.

Now as for the value of the coin, if we look at the real world examples, there's no fiat currency that has its value based on its scarcity (as far as I know). Yes there are other things like diamonds, gold etc. that their value is based on that, but in this case I'm treating 'the coin' as the main currency. So the value of the coin has to come from 'the need to be used'. This you are already taking care of as you mentioned many service where it can be used. One important service is an exchange, although I personally do not agree with the exchange of crypto-currencies to fiat-currencies as it completely defeats the purpose of cryptography, as once it's translated into a fiat currency it becomes traceable Grin

now that's my opinion and a completely different argument. But it seems that the community wants this and so it be...

One thing I haven't seen in the announcement is the total amount of coins. Do you have an idea how much you're going to make it?
I might be dumb as I cannot understand why devs make hard caps and limits for their coins. Is every coin designed for a few number of years only? Why is this? No one envisage their coin being used 20, 50 years from now? Many might argue that it is so because Bitcoin is like that... right, but was bitcoin designed to be an 'eternal' currency or was it an experimental idea that a genius (or a group) came out with and wanted to see if it is possible or not, so it was coded with a cap for that reason? I don't know of any fiat-currency designed for 5 years only for example and thus, coins should be modeled or successful real world fiat-currencies (without the bureaucracy of banks which is taken care by the network and blockchain) ... And I'd like to see what happens when most coins reach their caps and they might become useless and just history... I might be wrong, but as I said, I just can't understand this point.
Anyway, I'm mentioning this so you might research a bit on these ideas / questions and see if there is any way you can increase the longevity of the coin. Maybe this coin can be unique as I'll be able to pass down to my children and they to theirs Wink

To answer the question about hard caps. As far as I can tell from toying with the code of various coins, you have to have a limit or the damned thing won't work. The upside is, you can change it fairly easily. There's also a limit as to how many coins can be minted in any coin regardless of hard caps, simply due to limitations in the language.

on the topic of fiats.... you do realize that the US gov't decommissions shit-tons of paper money and coins regularly to remove worn bills and maintain a constant number of Dollars in circulation at any one time, right? Thus fixing the value for the most part. Seems logical that there would be a limit to the number of coins minted in a given crypto then.

What I'm curious about is what happens when the last of any coin is minted finally... Does the network just die and transactions stop? Or is there a contingency built into the code somewhere that uses all these damned transaction fees to support mining (which is in fact the only way transactions are confirmed and released) rewards?

Maybe I just need to stare at the code some more....

Agree with you mostly and the reasons I suggested these things is that I know there are limitations in all of the coins (as you said), thus for a coin to be a really worthy one has to somehow deal with at least some of them - that would be innovation...

Maybe someone serious about this can just take the concept and recode it in a better language, in stead of taking the existing code and just alter some things - if language is one of the limitations.

Re. fiat, yes I know of that, but they also have the 'almighty printing button' which they press whenever they want to. Today's economy is no longer fully backed by material things, i.e. amount of dollars = amount of gold. If we look at the history of money, first the real thing was exchanged, i.e. gold (or any other metal) with a product or service. Then it became impractical and unsafe and official paper replaced the real thing with value representation... and the rest is history!

Also re. your last reflection - that's why I'm teasing developers to think deeply and out of the box - for that same comments of yours. Considering all the above, it is clear that these new type of currencies are all limited as have a pre-defined lifetime, thus I'm not surprised that no serious financial institution has already jumped on this... Who wants to accumulate 'wealth' for 4-5 years and then when all minting ends the coin/network dies and your 'wealth' becomes worthless? This preoccupies me a lot...

Cheers.