Post
Topic
Board Economics
Re: Proposal: Idea for a much more stable bitcoin
by
markm
on 16/07/2011, 04:46:35 UTC
build it Stuffe,  the source code is there.  If it is actually better than bitcoin it will replace it.

Would love to, but unfortunately im not a coder, just an economist. Sad

Not necessarily an insurmountable problem. What exactly is the formula to be used to determine the number of coins a specified block number should mint? This must of course be a figure that can be computed by a client that is downloading the blockchain for the first time, checking each block as it goes to make sure the cirrect number of coins were minted in that block.

How many servers can you deploy to listen on a port for people running a client for your new currency? Or what bounty will be py people to set these up for you? (Unthinkingbit offered one bitcoin each for five miners to do so, and has not yet five miners doing so I don't think, so you might like to offer a little more than that?)

Once we have at least a small network running your new coin, I can also add it to the repertoire of my trading bots, the more blockchain-based currencies they are able to deal in the better.

-MarkM-