Quote from: xerodrag on May 12, 2014, 11:21:50 PM

Hey Guys,
I'm headed over to the FB page to like FAILCOIN right now!
Has anyone been able to find a crypto-coder? I really think we need to either:
1. Expand the number of coins possible. Maybe allow another 100mil per year once the coins are mined out.
2. Put an algorithm in place to "Halve" the block reward, so we don't run out of coins too quickly.
...or maybe both.
If I understand cryptocurrency correctly, if all coins are mined, no one will mine. If no one's mining, no transactions are processed. If no transactions are getting processed, no one can spend the coin. I'd like the coin to be available as a tipping system for many years to come; this may require us to make a few changes to the current FAILCoin implementation. (We should double-check my assumption here, but I think that's how it works.)

I don't mind paying to have the work done, but we need a coder to do it. We should also consider implementing some of the new security mechanisms like KGW, etc...

As crypto-currencies evolve, we, as a community, eventually ascertain their strengths and their weaknesses. As the FAIL community, we should be on the lookout for any potential problems and fix them where applicable. So, be on the lookout for any crypto-coders. I'd like to have them take a look at the code and warn us if they see any glaring problems moving forward.

-Xerodrag

We are going to have full access to source code when new wallets are available. Then we can implement whatever we want in future. At that point we need people to trust us, and follow FAIL.