Post
Topic
Board Announcements (Altcoins)
Re: [PRE-ANN] FoxCoin - A Fully dynamic Cyptocurrency [RELEASING 11PM 2014-1-20 GMT]
by
KhatSilverwing
on 19/01/2014, 16:56:04 UTC
Since this one piqued my curiosity figured that I'd also chime in.

I tend to agree with the idea of effectively changing the decimal point in the representation. It's not just about the early miners feeling more 'rewarded' because of getting large numbers of coins though. No, it's primary advantage is that when each individual 'coin' isn't worth much people don't mind using them for random things.

At the same time, just moving the decimal point like that would introduce the slight 'issue' of the default miner/transaction fee costing a large number of 'coins'. So unless that could be changed to match then it'd probably be a net loss - it'd kinda defeat the purpose of having low individual coin value if one has to pay a 10 'coin' transaction fee.

Still, having fox and cub denominations defined is definitely fun. Could even be silly and have a kitsune somewhere above a fox too.