Quote from: hbadger on August 19, 2014, 05:54:28 AM

Quote from: SlipperySlope on August 18, 2014, 04:13:26 PM

Litecoin, Dogecoin

The forks could come much earlier than January 2016

This part makes no sense. Why would you want to do that? Do you realize by 2016, those coins might not even exist anymore? Both of them have been falling in BTC price non-stop as expected from their lack of usefulness, and will probably be displaced by non-Bitcoin clones like Monero for example, which at least adds *something* new (true decentralized anonymity thanks to the use of ring signatures).

http://coinmarketcap.com/currencies/litecoin/

http://coinmarketcap.com/currencies/dogecoin/

If you don't know much about what happened in the dogecoin world you should read this:

http://www.dailydot.com/business/moolah-dogecoin-alex-green/

There's also this leaked video:

http://www.liveleak.com/view?i=e63_1404777061

About Litecoin: The tale that Scrypt made it ASIC resistant is now proven to be false. It's being mined by ASICs, and even the creator of Scrypt himself said "they used it poorly", because it was supposed to use a lot of RAM, but it didn't. So it's basically just another Bitcoin clone with nothing new, less adoption, less investment in mining gear, less security, less brain power working on it, less venture capital, less companies, less network effect, less market capitalization, less everything.

The coins I would fork are currently the highest market capitalization Satoshi proof-of-work coins. Perhaps in a few more months, Dogecoin will fall out of that group. Or on the other hand, a rally in Bitcoin might lift most altcoins as happened November 2013.

I understand your points about the relative merits of coins. But, analogous to current industrial mining, I want to position the CPOS system as an agnostic platform that secures the network for a variety of branded coins without controlling their respective business communities, and thus isolated from their behavior. The CPOS system would drop a coin whose block rewards no longer pay for the storage of their blockchain.

CPOS will enable each supported coin to have lower transaction fees and immediate, certain acknowledgement that accepted transactions will be included in their respective blockchain. CPOS operators, as directed by the software, will contribute a significant portion of respective block rewards to the Litecoin and Dogecoin foundations for use as those communities see fit.

Furthermore, CPOS supported coins will not be subject to 51% attacks. Their transactions will be immutable and thus not subject to double spend attacks. All traffic between paid-for full nodes is TLS/SSL encrypted, and because each such full node is identified by a unique X.509 certificate, there will be no Sybil attacks.

To buoy coin prices and to encourage user migration to the CPOS fork, I would establish a CPOS system policy that allocates a modest portion of block rewards to post-fork unspent transaction outputs in the blockchain as a dividend.

Once the system is up and running, new coins can be enrolled in CPOS during the coin's development process by substituting CPOS for the otherwise required mining pool, on the condition that the developers clone Bitcoin Core, i.e. bitcoind, software. Aside from premining, promoters can pay themselves by owning the foundation that CPOS funds via block rewards, or by accepting payment directly from CPOS to add features - again via block rewards.