I'm sure you're all familiar with the bitcoin
by now. But what you might not know is that there is a whole ecology of alternative
cryptocurrencies being brought to market (initially just mined, then put on an exchange and traded for fiat) with their own special functions -- e.g., coins whose mining sends computational power to BOINC research projects (gridcoin).
As CEO of Vincent Goodcome Enterprises, I'm always looking for ways to innovate and expand my burnt appendages into new markets. Today I'd like to share my latest innovation:
Introducing, the goodcoin (GOC)
60 second block time
10 goodcoin's reward per block
60 second transaction confirmation time
scrypt-based, proof of work algorithm
Retarget every 4 hours
RPC/P2P Ports = 8505/8506
The goodcoin will be a revolutionary new cryptocurrency that will only gain value as its adoption rate increases. Initial miners will get free digital coupons to Caliber Fitness and Caliber Grocery upon successful mining of each block (in addition to the standard 10 goodcoin reward). Goodcoins make a great holiday gift as well because I'm sure they'll be useful for something sometime in the future (haven't figured that part of the business out quite yet).
More news to come!!