Ok Guys, here is the plan you shout out (post below) what you would like to see in a new altcoin and I will get it made. But first, read on as i have the ball already rolling in the right direction.
Services in production so far:
localbitcoins clone that does bitcoins and ofcourse this altcoin for fiat
blockexplorer
webwallet
qt client
electrum client
couple gambing games.
Most have a theme, as my name suggests, i am a Brit and very proud of that fact. Thus im thinking that this coin should be used around the UK, as it would be easier for me and my team to manage and support it long term if its in my country. After all no point making something for New Zealand while everyone involved is British, is there.
Now Im thinking 100% proof of stake, as it seems to be the popular choice these days (dont worry nothing is set in stone and we appreciate your opinions and replies). And going back to basics with litecoin protocol clone.
i have already been speaking to some UK real world merchants that are or have adopted bitcoin and are willing to also accept this coin too, i was thinking that a proud to be British coin is something needed and can be easily sold to British bitcoin merchants to also offer (which as i said, the ones i have spoken to already have shown interest).
As for things like bounties and giveaways, obviously if we premined and hoarded for a month or so (like other coins have) the end result is the hoard gets most of the rewards per block. So i think that setting a 1% premine (I know there are promotion costs and setup costs so it cant be 0% though I wish) but having it sold as 0.001% increments before public launch so that it is sold off to different people (evening the spread/circulation) to interested parties. Thus I am not hoarding the premine, but it is spread amongst the community. Allowing us to get on with adding more services and merchants by using the bitcoin instantly instead of waiting for launch day to sell off.
Now as for the coin limit, should we go large EG With 1.2trillian coins (or more) so eventually each UK resident gets about 20k to represent their life savings should the pound be replaced. Or to go small/rare with thousands or just dozens of coins.
So I have some questions for you to answer and I accept all responses. I will add to this post as things move on and will make a proper altcoin announcement once the coin is mining and we can estimate a public launch.
Feel free to make any suggestions not thought about, but also try to answer some questions i have for the community:
Questions
1. POS - yes or no? Explain and offer alternative and why.
2. Litecoin protocol - yes or no? Explain and/or offer alternative and why
3. Coin limit - go large or go small?
4. Premine 1%,2%,3%?
5. name/brand?
edit: (reply to trolls that insult)
So to everyone else if you have nothing good to suggest, then realise i would rather make limited meaningful posts helping the community than have hundreds of posts being a meaningless insulting troll. then realise that you are not adding anything to the conversation or expanding cryptocurrencies to the world. and just move on.