Good News. The MCZ iphone app is running again.
After all these, I got some revelation.
1) Actually MCZ is a kind of
certified, digital record of physical power. In this respect, it is not a conventional, peer-to-peer crypto but it can be used as "hashing-equivalent" powers to participate in a pool where a conventional POW peer-to peer crypto supply/rewards (from designated/delegate miners for this purpose) are pooled for distribution daily or weekly. Now you could have Mangocoinz linked to a peer-to-peer open-source cryptos, named Mangguobi (芒果币)MGB which is completely independent.
Again, It can be done by linking to a
launch of a conventional peer-to-peer crypto; let's call it Mangguobi (芒果币)MGB. Now we could have the final total MGB supply of, say, 20 billions, or number of the population of the whole world. (Just like our Chinese Pals proposed before.)
For example,
The Mining can use a very simple, non-ASIC resistant algo; done by limited numbers (say #3-16) delegate/mining nodes
who which would be the ones allowed by MGB foundation/panels to mine MGB for the MGB pool. Each delegate is only allowed to run within a restricted range of hash rates with more than enough combined capacities to keep the whole network run seamlessly and safely. The delegates are rewarded with "pool fees" and transaction fees
edit (or the MCZ's) . The mined MGBs are for the pool and the delegates do not keep the mined MGBs. Because the mining will be restricted (in the number of delegates and hashing powers), the system would be most efficient; the computer powers are energy efficient, used mostly for network transactions, not wasted due to numerous competing hashing giants like Bitcoin.
You point you "hashing" power by depositing a certain amount of MCZ to the pool, which would last a certain amount of days based on the
maximal allowable MCZ daily at that time, and you get your pro rata amount of MGB.
The pooled/mined MGB would be only in one pool- The MGB pool for distribution.
In this way, MCZ and MGB would both coexist and both gain values and recognition.
2) The Mangocoiz can also can be used for verification-"Captcha-like" function-
Another crypto can set up a faucet where you deposit a token amount of MCZ to certify that you are an active MCZ user and you can get a drip of allowable amount of another Crypto; basically you are exchanging a limited daily amount of MCZ to another crypto in a very favorable rate.
The time is right.