Re: [PRE-ANN] IndoCoin - Indonesian Crypto Currency | 21 May 2014 | No IPO | PoW
Do we need another country coin?
I don't know if every country need their own crypto coin, but so far most of country has their own fiat money, don't you think we all need to switch and use usd? 
Joking aside, the answer is up to you. My 10,000 rupiah might worth nothing to you, but to other Indonesian, it could get me a lunch. Same with Indocoin, might be just another country coin for you, but as long as people here are willing to accept them, then there's a need for that coin.
I think it's a good idea, but why should total up to 194,500,000,000 coins? Why not be made simpler? eg 17081945? Because, as already seen in the previous coins that had "hundreds of billions" ends its value will surely be in 1 satoshi! And I think it would reduce the value of the spirit of man for mining it, sell or buy.
You will understand if you take a look how $1 worth in rupiah (1$ currently Rp 11,412). Over these years Indonesian already used to big digits numbers. A serving of Bakso cost me Rp. 5000, A computer Rp 3,5 millions. And so on, might be weird for you but not for them since they already used to it. That's why it has ridiculous amount of digits. Also if you consider Indonesian population now, that total number isn't that bad.change to X11 , scrypt will exit the stage of history
I've been in a slump on which algorithm to choose. X11, Scrypt-N, or just go with scrypt. Heck and now there's even X13. After I read a bit on warren post here, and take a look back on Indocoin goal that I wrote, I couldn't find any text on combatting ASIC. Then I ended up with scrypt, since combatting asic is not part of our goal.