The is a short one line description of the alt chain (e.g. It SHOULD at the moment include a post to BitcoinTalk's alt-chain subforum titled " - ". The initial announcement of the alt chain MUST include at least one major public avenue. There are a number of flaws with Bitcoin that cannot be corrected without a "hard fork".Īny serious alt chain should at least attempt to address these concerns and issues.
While PPCoin and Freicoin introduce changes that would violate the economic social contract Bitcoin has been adopted under (that is, they violate one or more prohibited changes to Bitcoin). There are very few things that cannot be adopted by Bitcoin given proper development effort įor example, Namecoin and BitMessage use Bitcoin technology for non-currency purposes, Usually the first thing to ask yourself is, why not improve Bitcoin instead of competing?Įven if your changes require a "hard fork", and/or don't get a positive response from the existing Bitcoin community immediately, you can still try them out on a (possibly incompatible) test network (clearly noted as such so people don't try to exchange/use it as real currency eg, "Bitcoin Infinite Division Test" instead of "Tin圜oin"). Therefore, if you choose to create a new crypto-currency, it would be advisable to solidify a strong reason for doing so in advance, perhaps discussing it with others who have experience working with crypto-currencies who can provide valuable input. It would be unwise to create more by introducing competing crypto-currencies for no reason. Bitcoin will already have hurdles to grow adoption.
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