altcoin

Using an altcoin would just be annoying and a lot fewer people would want to use the system.

Which means if you find/build another altcoin with similar capabilities, you can start exchanging testnet coins with those altcoins using the very approach you describe today.

This is arguably a better incentive than altcoin mining since miners would be paid in real bitcoins.

But exchanges need fiat-bitcoin and bitcoin-altcoin transaction volume and a big part of that volume was speculation.

It's a sidechain - that is to say, an altcoin that claims a link to Bitcoin.

A lot of work for a scam when you can do much much less and scam successfully with an altcoin.

Seems ripe for disruption...introducing PeeCoin a new altcoin to solve the most human needs of society one transaction at a time.

The altcoin ideas are getting downvoted, but with the right alt coin he could make $10k+ in the bank to keep.

Are you going to spin up an altcoin or are you planning to try and stuff your contracts into Bitcoin transactions?

A new altcoin would not be as useful as bitcoin outside of the system.

Just because it will cost more than 1 BTC to mine 1 BTC doesn't hold the price up - look at any altcoin.

I proposed an altcoin that would would increase reward logarithmically as a result of increasing hash power.

For 2015, so far the price is flat, and volume is flat.[2] The "altcoin" world is in even worse shape.

In the past, if someone wanted to improve bitcoin technically (for a trivial example, let's say improving block confirmation times), they had to fork bitcoin, and release an "altcoin" (thus creating an entirely separate currency at the same time).

Altcoin mining on the amazon gpu machines was still viable, last I checked.