Post
Topic
Board Altcoin Discussion
Re: FairCoin Foundation - Please Read.
by
tokyoghetto
on 05/01/2014, 02:33:29 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.

You are correct. We can scrap the source code idea in order to avoid homogenization of altcoins. Devs will be free to develop code with what ever parameters they chose to do.

However, when it comes to launch, devs know that by launching without source code, pools, or compiled clients, they just give themselves and insiders an edge when it comes to coin distribution. Giving such power over few individuals whose only intention is to sell the coins into BTC is dangerous. This creates a lack of confidence in a free market and puts a burden on the entire altcoin community as a whole.