Quote from: mymenace on June 18, 2014, 05:24:57 AM

wallet should include everything, mining, trading, purchasing, accounts, payees, messaging etc etc etc

ohh ohh and mining that is done at one hash rate only (the more hashing you throw at the coin does not matter as it will only accept the one hash rate), so that it is achievable by all. Can be mined on a smart phone and every thing i do in the wallet gets me rewarded with coins

merge mined with bitcoin

Thank you for all the feedback, I've reduced it to the items which may warrant some discussion.

1. Swiss Army Knife / Monolithic Wallet
The introduction of all the features you mentioned feels like bloat and the introduction of many attack vectors. Whilst they are all cool/novel things, which would you say are the bare minimum requirements for the coin to have utility?

2. One hash rate only
I need to think about this properly, can you enlighten on why you suggest this, is it so that everyone has a fair chance at creating money, or are there alternative reasons?

3. Merged Mining
If we go past the specification stage and implement this, then the project will be a very long term project and aim to offer a viable alternative to bitcoin. I can see that merged mining could help the miners, and that it could theoretically make the network more secure (a higher difficulty and more hashing). But I worry that it would force fee reduction, making the network less secure, and that such tight association would be sending a message from the off that this is a second class coin, always to be subsidiary to Bitcoin.

Can you comment?