First off I'm not going to address each and every point in this post as there was quite a bit of involvement and discussion already. I will say thanks for all the constructive feedback and at time criticism. You are asking real questions, which in the end is the kind of thing that we want, community involvement and honest feedback / suggestions.
I would like to bring to light some of the things that are coming though.
First off,
We will have a block chain. We will not exclusively rely on the masterprotocol nor the
BTCitcoin blockchain (although I'm still working out the details on using the bitcoin blockchain a tiny bit [
really exciting stuff happening there])
We will have distributed proof with verifiable / anonymous statistics, agreed upon via decentralized consensus nodes. this chain will work within your browser via plugins for chrome / firefox or via a similar but not cloned bitcoin-qt client. This client / plugin + chain system will make cheating difficult. The algorithm will change transparently to allow for anti cheat measures.
I also want to clarify that PoA is not incentivized marketing. Our genesis was a proof of concept like has been mentioned before and the participants (Once anti cheat is taken into account) will be rewarded handsomely. Also noteworthy is that the technology used for Genesis is 3rd party and not what will ultimately power our platform.
An important thing to keep in mind when trying to understand or explain PoA is the quality modifiers. The participants and holders of the tokens are encouraged to upvote, judge quality, edit and contribute to the definition of what should be rewarded. @HunterMinerCrafter you would have earned a decent amount by your participation in this thread. I might even (if this were on our platform and not on a third party) tip you some of my own coin in order to make your reward larger.
I hate to even suggest it, but I can't speak for the whole so it *Might* be the case that the majority of people reward bad spelling, anti semitic remarks & overall nastiness. I doubt this will be the case and I will do my best to put the tools in the people's hands that *do* care about quality and collaboration so that their voices are heard.
One of the great things about working with Mastercoin is where they are in their development plan. They have been building the foundation upon which a multitude of new features are being built. We will support many of these features by default from the day of release (sometimes earlier)
Roadmap~ ? weeks Mastercoin Wallet.
~ ? weeks Multisig support for ProzCoin
~ 1 week Website / Platform
~ 2-3 weeks PoA features deeply integrated into our platform
~ [date pending formal announcement] Microtransactions
~ [date pending formal announcement] Platform supported exchanging