Yes, it works well for STEPS. There's just one problem, this coin is heading for hybrid so far. I don't feel like we should shut the miners out that brought this coin into its first life and supported it into its second until now. Still, we can try, perhaps Steakcloud might even add SandG into their mining pool as well and buys SandG for the other algos (and the own if another coin is chosen for mining). Two things I'm not sure about is, one, the algo. SHA256 is pure ASIC territory and its hard to beat Bitcoin in profitability on its own turf. And two, if Steakcloud is interested in a coin with buy back program. Another thing would be getting more interest in the coin, Steakcloud seems to really add only quite selected coins, but that's needed, like having PoS going, anyway.
If we could find another way of making assets for this coin other than just the staking it could really excel.. now we just gotta find out what that thing is
Yes, indeed. Not that easy though. Well, there are things like mining contracts/share like DCR started with, if there would be some with S7 these could go quite well. But that needs quite a lot of funds and we're not really close at a point to split off these amounts from the staking assets.
Then there are trading bots, manual would take too much time. I don't know how well these work though, especially in saving time. Lovethecoins, didn't I see your name in the CryptoCircuits thread? If so, is that coin still staking and how well and how is their bot working? Shares the problem with the mining shares though, it needs a nice starting capital.
Like someone said in the CAID thread there was a coin, ChanceCoin, running a betting game and using the profits to buy back its stock. Didn't work out, was too slow, died. But here it would just be a secondary asset. Still there are lots of dice and wheels out there, is there a chance to attract at least a few players to make it feasible? Well, at least we've got those standard games available, that is Crunck does, although I feel he should get the CAID to pay for it (wouldn't say no to a discount though
).
The most difficult would be running a shop. But there are a lot of things, you need a product, you need competitive prices while still getting profit out of it, you need trust and there might be a legal side (taxes).
EDIT: Got and sent a small batch of HYP on trex earlier today.