Quote from: e-coinomist on October 25, 2014, 12:46:13 PM

Quote from: silvermetal on October 25, 2014, 08:32:42 AM

I thought cryptsy had some ethics Roll Eyes

not sure why I thought that Huh

I should have known better when you listed CAPS of course Cheesy

Cryptsy has a lawsuit pending, that is more serious. Still using it as an altcoin storage for the more hopeless coins.

On toppic, since we are brainstorming on a hypothetical coin: The dreams are getting smaller and smaller.

Bitcoin was once 1000 dollars and for a moment people believed it beeing valueable just like that.
URO is considered to be worth 300 dollars but nobody believes. About 0.49 % of daily trades happen related on URO, figure that.
CANN aims for 10 dollars and I had blown out 50% of my mine at all time high. Has 0.19 % of daily trades.
Admitting these numbers are below 1% because of Litecoin, Dogecoin or Bitcoin trades, dwarfing them.

Any new coin should at least aim on beeing valued as 1 dollar, like we see on NuBits.

AND should be mineable, why exactly? So people can belive in creating these coins. Without any believers there is no adaption for daily trades against goods or services. Would you accept a programmers job paid in coins? That would require a quick job done so you can sell on an exchanger immediately. We all know the Bitcoin chart is looking like all the 200 other altcoin charts listed on Coinmarketcap, just happening in slow motion.
On a "virtual 1 dollar coin" you could agree on work contracts lasting 8 weeks.

Just after these thoughs we are playing some more music to relax again
♬♪ ♪♩♩♩ This Mousewheel Is Made For Scrolling, Scrolling Right Over You! ♪ ♪♩ ♩♩♬

I disagree with it being POW mineable because it causes big losses for investors so the best option is POS only. POS is a whole different beast when compared to POW because you are trying to balance the whole ecosystem based on the potential Stake of all blocks.

One thing that EVERYONE overlooks is potential bloat, and so they say "oh my coin is so fast at 30 confirmation time" except that if the coin is POW/POS you have multipools mining for a low reward and splitting up that block into 1000 units, plus Staked blocks splitting in all other blocks and the fact that most blocks don't even have real transactions in them, then when people want to send transactions, all these inputs will need to be combined into each transaction, this adds a significant amount of data to the Blockchain and if combined with a GUI with little optimization, in a year or so it may take a week or more in order to sync a fresh wallet.

Questions to consider when making a coin:

What will be the size of the Blockchain be in 1-2 years and how long will it take for new users to sync their wallets?

What is the incentive to support the network and how can it always reward long-term holders even if everyone else is selling at a loss?

How will it be secure and decentralized?

What features will it have in order to improve anonymity and encourage merchant adoption?

All jokes aside, what do you want for the specs of SpoetnikCoin and why?