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INSTALL (for ubuntu)

sudo apt-get install git
sudo apt-get install python-leveldb
git clone https://github.com/zack-bitcoin/basiccoin.git
cd basiccoin

To run a basiccoin node

python threads.py

Then to talk to basiccoin use:

python basicd.py

###Why do we need a simple currency

At the time of writing this there exist over 100 cryptocurrencies with market caps of over $100,000. According to Andreas Antonopolous, we will soon live in a world with millions of altcoins. It is incredibly risky to try to add new features to an old crypto. There is a high probability that you will introduce a bug. To combat this, each currency will have only one purpose. Bitcoin currently has 40445 lines of C++ and assembly, not including gui or tests. Very few people are able to read bitcoin. It is incredibly difficulty to adapt without breaking everything. Because of how hard it is to adapt bitcoin, all the altcoins have been very simplistic. They change magic numbers, and the name, and little else.

When things get complicated, it is good to return to the basics. The purpose of basiccoin is to be the simplest secure currency possible. Basiccoin is designed to be easily modified to create new alts.

###How do I read this?

This code is written functionally. Functions are only supposed to depend on functions that occur above them on the page. Generally people read such code starting at the bottom, because it is easier to understand the outline provided by high-level functions, instead of getting lost indetails of low-level functions.

bottom-up style explained by a master: http://paulgraham.com/progbot.html

###Why is this code so short?

http://paulgraham.com/power.html

###Features

• Blockchain
• mineable currency units
• can create unique addresses
• can spend the currency units to each other
• Multisig escrow