I posted last night about a new coin that comes to my mind. I just want to share this idea to the world.
How about if we really design a true community-based coin. The one that has no value at the beginning but with fixed in amount during lunch, no masternodes, no POS, no POW but still secured and safe and still with both untraceable and traceable features.
Why no value? Most of the coin were funded through ICOs and other finacing schemes but of course the investors wants to gain money later. Right? But what if we, the community will going to have a new designed coin with no value at the beginning but with fixed amount during launch? All the contributions coming from the community divided by total value of the coins that is also agreed by the community to have? For example: $50,000 / 100,000,000 coins = $ 0.05 (value of the new currency)
No masternodes. I hate masternodes! Why? Because it is called decentralized but its no long decentralized because it is governed by the masternodes onwers, the rich ones! Probably the government or so. So we will eradicate that features. Voting should be fair to everyone. Everyone should have the right to vote.
No POS. Stakes are maketing ideas in order to influence others to hold the cryptocurrency in their wallet. Still no good, why? It defies the role of freewill in this world. Our coin should be free to everybody who wants it and love it. It not about the financial aspect but the beauty of the features of the coin.
No POW. Yes proof of work! The miner shares. The problem with the existing cryptocurrencies is its power consumption. It is because there are still coins to be mined. Why not release all the coins rightaway? Maybe your wondering how we can process the transaction without miners. But why we can email and send message to our friends? I believe that there is a way that we can use our own computer power to do so the transaction. In this new coin, we will make its wallet at the same time the miner of its own transaction. Its like sending email to a friend, but in this time sending funds to friends or someone you don’t even know!
For the features, to be able to achieve the word decentralized. We should keep the anominity of the owner but it should be dual, depends upon the owner if he wants to reveal his identity or not.
Fees. Fees should be minimal and it should be shared proportionaly for a lifetime to all who participated the community before the launch date.
For everyone who like my idea, lets build the community for this coin now.
Thank you very much for reading.
With regards,
Ivan376
Donation addresses:
SBD
Memo: f39128b498d4f0ef
Poloniex's Steem Dollars deposit address : poloniex
ETH
0x59099f92c368436354aeb2d0c00d2d5cfe1ec87b
BTC
1L3MDDbYMS3ss43dpxFrBZnN3ZSPxBx4Mj
nice posts
I have an idea for a coin too that follows your idea close but not fully.