Re: [ANN] Squall Coin (work in progress) NO IPO, Made for you!

Maybe limit hashrate like MINERALS ?
Coins amount ... not so big ... 100K or 1M ?
Block time ... 2 min ?

I did consider limiting hashrate, I'm not sure, As I do think it will lock out people down the line who want in, Anyone else want to share a view?

What about 500K

2 and a half min block time?

My opinion is to ditch limitation, you will ruin coin and won't get enough support!
Regarding coin number, i am more for 1 mil and 150 sec block time - You want stable coin and not to slow so my opinion is that 150sec is good. Then again, i am not some kick ass coder to know what is the best.

EDIT: If you are going to do POW/POS do at least 15 days of mining, anything shorter will be raped with big farms and rentals so distribution won't be good.

I agree against limitation, And so do others I chat too.

If it's PoW/PoS I don't even want to do a premine, I want everyone on it from day one, I am worried about people farming it, But I still think thats better than the alternative, It will be chaos at first, But I think it will be worth it.

Quote from: iram3130 on September 02, 2014, 10:57:31 PM

Look fine, even if it will 1 Million, there is nothing wrong in it.
Block time is looks perfect.

Anyone else want to jump in with some figures, I think too many with too short a block time creates havoc on the network in the later days, I am thinking of the long haul, Plus this would feel like flooding everyone with coins, If it's a little rarer, It might be more sought after?

The art work comp finishes on Friday, I (hopefully) will be releasing this coin into the wild a week or so after, I still really need lots of input as to stats, I'm open and willing to listen to YOUR needs Grin

If anyone like a particular look of art on the other thread, Feel free to post there, It's your baby as much as it's mine.

Last note - If anyone has spare sig space to donate, Please link here, We are nearly there! But we need as many people to know as possible, Lets see if we can save someone some IPO money Roll Eyes

Thanks to everyone making YOUR coin possible.

If you want something like that you should look at Reddcoin with Kimoto gravity well for the POW distribution. Stay away from Super Blocks, no reason to have something people can game and if doing a shorter or medium POW phase then start out with a low reward and move up. I'm not sure how you would deal with people farming it though, and what would your plan be in order to pay for services and development?

Too few coins are not good because they seem so expensive that they are sold down to nothing, too many coins (500 Billion+) and your coin can only ever trade at a minimum on the exchanges. I've had this discussion in great detail and I think people in general like dealing in whole coins and many coins over pieces of a coin so for something like you want for a store of value, I'd suggest 1-50 million.

If you are going POW/POS with a fast distribution, I hope you really understand how Proof of Stake works because Coins = Hash Power and you have to make it so people want to always keep their wallet online to Stake.