By the way, will it be open source?
yeah dont make it open source.
Its all good as long as you don't protect your code but don't stop people from copying the method otherwise
I think it's ok to have it closed source during beta, let the price rise, and then release open source final in a few weeks. That way even if a copy cat copies the technology, this coin will already be the dominant one with it. But for a new technology to be taken seriously it has to be open source. Nobody will trust closed source technology with their money.