Homework: Read the qubic thread, then come back and explain how this will solve the problems proposed there.
For any validation scheme that I can think of, you also get the Byzantine generals problem. Bitcoin's PoW scheme (as said on that page) was key to solving the Byzantine generals problem. With this redistribution scheme, you introduce another one.
Wikipedia has a lot of good reading material...
Topic: * - page 2. (Read 5829 times)
Quote
Would it be possible to limit the number of addresses created per client?
Maybe but pointless. VM's, farms of computers (classrooms) or worse BOTNETS will LOVE this currency. A botnet is now worth all of the coin it can collect by creating addresses one unique per computer. A classroom tech can put it on every machine in the room/building. So far every possible idea on how to define what a person is and give them a share, fails the botnet test.
Yes, but you could copy and paste wallet.dat files. You could try writing stuff in conf files and registry, but someone could change that, run a VM, run on different machines, run in different locations, give some to a friend. You could try taxing coins below a certain velocity (that are hoarded instead of spent), but people could schedule transfers between wallets to counter that. Etc etc. Ends up being a cat and mouse game.
IF you manage to make a decentralized, bulletproof reputation system, a lot of people would like to talk to you. That advance would be on the order of the original Bitcoin.
IF you manage to make a decentralized, bulletproof reputation system, a lot of people would like to talk to you. That advance would be on the order of the original Bitcoin.
Quote
userStartCoin = 10+userPrevEndCoin*0.45
Um.. Sybil attack? How will you prevent a single user from creating many addresses to take advantage of the cap?
How do you define a user? Address? (trivial to circumvent) IP address? Proxies and purchase of IPs. Another form of verification?
Any non-proportional tax system (which this is) can't work without verification of identity (i.e. centralization).
Jump to: