Post
Topic
Board Altcoin Discussion
Re: FairCoin Foundation - Please Read.
by
hypostatization
on 05/01/2014, 02:24:22 UTC
The purpose here is to let newbie0872, who just joined yesterday, know that there is a difference between litecoin and lollipopcoin.

Except nothing proposed accomplishes that. LollipopCoin creator can copy/paste search/replace LiteCoin code, and then meet just make sure he/she meets the following:

a) windows and linux wallets
b) source code
c) at least 3 pools open to registration before launch
b) an official website
c) github
d) allow a decent time before launch so that people aren't caught off guard by a new coin launching at some obscure time.

Criteria of the above are actually most easily met by quick copy/paste clones and pump/dump schemes, than by new dev efforts with limited resources.

It sounds like this is actually (inadvertently?) going to encourage copy/paste clones and the homogenization of alts:

1) develop source code that devs can copy and use to launch their own coins. the source can include several parameters set by the foundation that will insure a fair launch and longevity of the coin.

It does not solve the flood of crap alts.

It also potentially hinders innovative systems that differ in new fundamental ways.