No, i asked for a white paper, it is WP contest but your idea is so close to my own idea, can you complete it with a full white paper ? But we can work on it together, i am open to help anyone here if you have any question. The reward is still there, so don't worry.
I'd be happy to claim the promised 10.000 SCD.
You should already have my address (or PM me).
Dat luky ass! Give something to the little jackminer on that pool too!
Send me your address if you want somme
So, finally i found what is going to be the suicide protocole :
- Once the total coin supply hits 5 million SCD. the POW will stop.
- The blocks will be generated using POB (proof of burn) but burning other coins.
- Each month will be a vote on the next to be burned coins.
i.e: MONEY will die soon, ECHO is dead, but they are still in the exchanges, we will issue a vote including all these kind of coins in the wallet, and the winner will be burnt during the month, in exchange of the burn, SCDs will be generated at the rate of 1 coin = 0.0001-0.00001 SCD depending on the value of SCD's value on exchange.
This will be the suicide protocole, it will help to clean some of the dead coins in the exchanges, while moving our coin forward. The Coin supply won't change. At 50% coin supply, we will activate the protocole for SCD in order to equilibrate the coin.
been a few coins with the apparent motivation of killing other coins, or converting old bagholders into new bagholders,
the motivation is potentially useful.
how will you manage the new distribution of SCD once other coins are burned?
through distribution of existing coins (such as premine) or forking to re-enable PoW ?
or perhaps modifying the PoS reward schedule ??
an obvious question is whether you will reward burners, then you will require funds and how will you get them?
- For now, i am more absorbed by the wallet, she will be a full SCD wallet with five functions :
* DashBoard:
1- Add coin
2- Vote
3- Exchange
4- Mining
5- Block explorer
1-What is add coin ?
Anyone can propose a coin with a github link to the source, at the condition to be dead coins still listed on exchanges.
As soon as 10 coins are added i will add them to the wallet.
2-What is vote ?
It will be about the 10 added coins, 1 vote is equal to 10.000 Coins (of the 10 to be voted), the withdrawals won't be possible for these coins, his wallet will be credited by X amount of coin sent (not SCD). It will last 5 days. The 5 coins with less votes will be totally burned.
3- What is exchange ?
It will be around the 5 most voted coins, they will be traded for SCD the rate will be decided by the owners, like in any exchange, during 5 days, after this the remaining coins will be burned to let the next 5 coins to be exchanged.
4- A simple mining interface (button) warning !!! it may suicide your PC XD
5- Block explorer, i don't need to explain.
The objective :
It may bring coins back to life from the Altcoins cemetry, you can check yobit's page, it is very long as they have 700 coins exchangeable, and 600 of them are just dead.
Reduce the totaly coin supply of dead coins in the exchanges, in order to clean some.
Meanwhile, i will work on the upgrade of the SCD source to adapt, add, modify it following what will be present in the white paper.
PS: SCDs won't be burned by the wallet.
I will take a fee of 0.1% of each traded SCD (only) as i will need it to fund the development.