Post
Topic
Board Altcoin Discussion
Topic OP
Looking for altcoin - inflationary, not premined, high initial difficulty
by
Beelzebuddy
on 07/12/2013, 15:42:55 UTC
Hi all,

I'm looking for an altcoin to promote as part of an unrelated project.  Maybe, despite the sea of alternatives to bitcoin, it doesn't exist yet, but maybe it does.  You'd know the waters better than I.

Here's what I'm hoping to find:

(required)

Inflationary - I'm looking for a potentially useful currency.  Bitcoin isn't one; it's tchotchkes to sell to gold bugs.  The coin I have in mind has its difficulty curve deliberately shallowed to match Moore's Law, or perhaps a bit more.  This is so over time, all else being equal, a constant amount of coins will be entering circulation, providing a low but steady inflation rate.  10% would be perfect.  This would have the effect of encouraging users to reinvest their liquid wealth as soon as possible, as it's doing them no good sitting in the wallet, while the crypto prevents hyperinflation scenarios that make cash entirely undesirable.

Not premined/high initial difficulty - although the difficulty will be slow to ramp up, it should start high.  This is to remove even the appearance that anyone jumping in early will "strike it rich" when it takes off later - e.g. every pump and dump scheme ever, and more than half of present altcoins.  We're making a currency here, not a cash grab.

(optional)

ASIC unfriendly - Insisting on a not-premined solution doesn't do a damned thing if the wealth generation is dominated by a small cabal of people who can afford specialized hardware.  GPUs okay though.

Some kind of blockchain solution - BTC blockchain is getting a little bit ridiculous in size, and it's still a niche thing.  Something that would let average users participate in the transaction process without having to store the whole damn thing would be nice.

I'm sure I had one or two more desirable traits I can't remember now, but tbh the first has probably alienated 95% of you and narrow the existing solution down to "none" as it is, so I'll turn it over to ask for suggestions.  Anything come to mind?