When price hit to 1ETC=1 BTC?
20/02/2020
This was on the Dev Channel. It may interest some
https://steemit.com/ethereum-classic/@prophetdaniel/ethereum-classic-community-dynamics-proposalI will take some of that nurturing from nature, a good read
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I got this idea for an algo. I'm just brainstorming here, feel free to rob my idea, I have plenty more.
The algorithm is called Proof of Light (PoL). I'm not going to get too technical here so it will be easy to under stand I hope.
You know that some people rent mining hash power from Iceland and get the rig/ASIC pointed at a pool of their choice to get coin? Well its a bit like that.
You see I was going to put solar panels on my roof of my home. You can mine the sun and power your electrical stuff but my roof is not too big. If you have a big roof you can have loads of solar panels and you can put power back in to the grid and you get paid by the power company (a centralized entity) in fiat .
So what if I got together in a group with others to put solar panels on a school roof in Africa where there is more sun. The power coming from those panels would belong to the group. We could give the school an allocated amount of electricity to host the panels. The surplice power could be sold to the villagers for Etc. The villagers can get hold of some etc from mining it with PoC but other people will get better tools that run on electric, they will make things, offer services and people will trade. Life will improve and the group that put the solar panels up will get paid in Etc.
Proof of Light. This is how we can decentralize electricity production and remove the costs of transmition and also help developing countries as well as get some Etc back. We could have smart contracts to pay the group their dividend. Miners in the villages could pay their power bill via smart contract where some Etc goes to the group, the remainder goes to the miner. It will take time to grow but it is real world stuff, unlike that dao thing.
i do have solar panels on my roof cant use all the power on sunny days have off grit batteries. but anyway
your idea i guess is a good one. but
you say you put them on a school in africa. and give them allocated amount.
them have the sun and the space
the group has the money to buy solar panels.
at the moment both are useless
but if they find money they can buy there own panels
and the group would have to find new roofs
why not make them partner 50/50
and then there is the question about the power in africa if there is money to get there is always a bunch that collects it and the masses wont get any (see the roses biz )
how will you aviod that ?