I think this concept is an excellent idea! I will admit, however, to being a bit unclear about the details. I have an opinion on that as well as using future success (hopefully) to bring about a new coin altogether, but that is for later discussion.
I do think that the first coin chosen is very important though. That first selection should really be the most spectacular flame-out failure that can possibly be found. In addition, an interested and, at one point, fairly large community would be helpful. I have two suggestions that are sort of on different ends of the scale.
1.) DuckDuck Coin. This was an IPO that was almost comical in its ineptitude. The Devs took everyone's money and then (proudly!) announced investments in two scam coins that immediately got killed (I believe they were PANDA and MAX). They erased that announcement from the front page and promptly disappeared. This was a coin that started off great and had a very fun vibe to it. The Duck puns were "quacktastic" and it looked like a possible winner. The Devs were very clever until they became stupid. Everyone with DuckDuck Coins has invested hard-earned money into the venture and would almost certainly be an enthusiastic community to begin a revival. Additionally, the Dev has recently popped up and asked for people to take over the coin. They say that they will pay in Duck also. This could be a great way to start as you (the Developers here) could take that bounty to help jumpstart this thread and community of "coin revival". Total max amount of coins is really low: 121. So, any revival will really show a high per-coin number as well. To summarize: Fun concept, a bounty to start the ball rolling and a serious community in place (actual investors) could make this one a real winner to begin your concept.
2.) PANDA Coin. Maybe the most infamous screw job in the history of crypto-currency. I doubt that I have to explain what happened here as it is so well known. I had never even heard of the coin until it became so famous as a disaster. But to give a truncated explanation, this coin sold itself almost exclusively on having Wolong on board and its logo even said "in Wolong We Trust". As soon as it saw any sign of success, Wolong sold it down to zero and took off. The message board turned into an acrimonious storm and after initially trying to defend themselves, the Devs (not Wolong -- the Devs just paid him PANDA to use his name) just quietly left. It was a huge community though and had every sign of being successful before the massive dump. The advantages would be a community dying for a lifeline and probably willing to donate PANDAs to the cause (obviously, I am speculating on that assertion). The max number of coins is almost the polar opposite of DuckDuck, with 100 billion. The upside here is that your "coin revival" group would really get attention by taking on such a spectacular failure. It's trading at about 6 litoshis last I looked (which was a bit ago), so there is almost nowhere to go but up.
Now, I am not familiar with every coin on the list, so please don't take the previous suggestions to be a disparagement of any of those. My point is that your first coin choice should have a great story behind it. The two coins I suggested would both be fairly easy stories to tell and could be great to get started with. But, as I say, I am not familiar with every coin and would definitely be open to similar "story" coins as well. I didn't mean to make this post so long (hope someone reads it!). Anyway, good luck to the "Coin Revival" group -- I think it's a great idea!
I read it
Good reasons. I will add both to coins of interest.
We (Logicoin.info specifically) actually finally compiled the new DuckDuckCoin wallet, so we're already making progress on this coin.
It would be a good coin to take over, because a lot of people invested heavily. So that's a plus one from you, I assume.
You can find more info here:
http://duck.multi-pool.eu/index.php?page=statistics&action=round&height=151676You want to contribute with skills to the foundation?
