Quote from: Coinler on June 11, 2014, 03:53:08 AM

Quote from: Minerals on June 05, 2014, 10:58:55 PM

Big farms/ASICs?
Hashing power of each worker and IP will be limited to not more than 300MH (open for discussion) by limiting the number of shares that a worker can send to the pool per unit of time.

How do you achieve all of this?
The only way to avoid Miltipools, ASICs, big farms and third-party pools is by not providing the wallet and the source code until after the POW stage ends. The source code will be provided to exchanges which will be operational from the start. Moreover, to remove any doubt about the validity of the coin and it's source code third-party experts will be given the sorce code for validation and checks. The wallets might be provided before the end of the POW stage.

haha it's not the only way but im interested and happy to see this method tested in the wild. it was one of my earlier considerations which id since improved. you see limiting the hash will limit how secure your blocks can be and doesnt take full benefit from the asics but instead fends them off. however, this coins should still enjoy some success as the distribution method will create more fairness than what is currently available.

if anyone is wondering what the hell im talking about. i made a post here earlier requesting a dev for my project. it is a bit ways ahead in thinking than this method. with improvements that will take advantage of asic technology without cheating low hashrates out of a share. allowing the network to grow in security with growing hashpower technology.

https://bitcointalk.org/index.php?topic=611996.0

if there is any interest please dont be afraid to pop me a line.

EDIT: also 300mh will be too high. it will allow full 100-300mh asics running on 400watts power to still perform their pillage.

coated(quoted) for extra pleasure. called it back then on page 8 of this thread. dont worry we're not done yet.. but this is the only way to call out some of the big players to sell their coins. if theyre tempted to sell at this stage guess what they can do at 10-20k or 100k. let them sell.. and let all the small hands that want min buy from them.

threw some advice.. imagine what we could do if this coin was limited to 10mh.. oh dear Shocked