GPS-oriented Treasure Hunt coin | Bitcointalksearch.org

bradfrogger

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Activity: 140

Merit: 100

Quote from: bradfrogger on November 01, 2014, 10:44:54 AM

Quote from: thrax on September 21, 2014, 12:42:11 PM

GeoCoin is implementing a similar idea to yours.

https://bitcointalksearch.org/topic/pre-ann-geocoin-609055

Thanks. Just got up to speed on the link you provided, which led me to an even earlier, similar coin. https://andarazoroflove.org/code/geocoin/

Tried to get Geocoin to sync, but no luck.. that one appears to be dead.

bradfrogger

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Activity: 140

Merit: 100

Quote from: CryptoClubber on September 21, 2014, 07:31:47 AM

CryptoClub would be glad to be part of this project

Thanks for the interest. I will PM you if the idea starts to pan out.

bradfrogger

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Activity: 140

Merit: 100

Quote from: MisO69 on September 21, 2014, 11:38:29 AM

I like this idea, this may be the solution to human mineable crypto.

Here are my ideas around this.

PoW does two things. First it gives the miners a small amount of coins, lets say 1 or 2 per block. Just to keep the mining incentive going. Each generated block randomly drops a cache of coins somewhere in the world using GPS co-ordinates.

The cell phone apps reward the user with these coins when they get close enough to those GPS co-ordinates.

Sure, most of the coins will be placed in the oceans, so what. So long as everyone knows where the coin caches are they are welcome to travel there to claim them.

The only hurdle is preventing cheating using a hacked GPS system. Maybe cryptography can be used in some way to prevent this. I don't know.

I really like the POW with a small portion of the coins per block making up the random caches, as this removes the need for a pre-mine that most miners and coin investors see in a negative light. I agree that the GPS system would be a huge hurdle, and there should be a workaround to keep the random placement out of the oceans.

bradfrogger

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Activity: 140

Merit: 100

Quote from: thrax on September 21, 2014, 12:42:11 PM

GeoCoin is implementing a similar idea to yours.

https://bitcointalksearch.org/topic/pre-ann-geocoin-609055

Thanks. Just got up to speed on the link you provided, which led me to an even earlier, similar coin. https://andarazoroflove.org/code/geocoin/

bradfrogger

full member

Activity: 140

Merit: 100

Quote from: Zer0Sum on September 21, 2014, 01:13:29 PM

Seems like another gimmick coin like CheckCoin...
That "sounds" interesting and innovative...
But once it gets off the ground after a few months you realize it's pointless.

People are not gonna travel and burn time and fuel for a few obscure alts...
The devs must think the whole world is 16-18 yo... or unemployed Dutch slackers.

This reminds me of CLAM which was distributed to previous BTC, LTC, DOGE owners via blockchain analysis...
But only 1% were claimed... and the coin is flat as a pancake... and what was the point?

Maybe these guys should meet someone who actually runs a business...
As opposed to hipsters who flush money down BTC ATMs for a 10% fee.

Pretty negative response, but I appreciate the reply nevertheless. This idea may not gel at all, only time will tell.

Actually, people DO travel locally day to day and also take vacations or travel more for business/work, so there will be plenty of opportunity to grab locale-specific coins. Are most devs 16-18 yo's? I am not a dev and do not know, but as an example of myself, I am not unemployed or a slacker. I work full time and have kids, but I still find time to play Ingress. I will take a look at CheckCoin, as I would never want to reinvent the wheel, so to speak.

bradfrogger

full member

Activity: 140

Merit: 100

Just checking back in on this. Great ideas from those who replied. I need to start mapping this out in more detail.

Zer0Sum

legendary

Activity: 1588

Merit: 1000

Seems like another gimmick coin like CheckCoin...
That "sounds" interesting and innovative...
But once it gets off the ground after a few months you realize it's pointless.

People are not gonna travel and burn time and fuel for a few obscure alts...
The devs must think the whole world is 16-18 yo... or unemployed Dutch slackers.

This reminds me of CLAM which was distributed to previous BTC, LTC, DOGE owners via blockchain analysis...
But only 1% were claimed... and the coin is flat as a pancake... and what was the point?

Maybe these guys should meet someone who actually runs a business...
As opposed to hipsters who flush money down BTC ATMs for a 10% fee.

thrax

sr. member

Activity: 253

Merit: 252

GeoCoin is implementing a similar idea to yours.

https://bitcointalksearch.org/topic/pre-ann-geocoin-609055

MisO69

legendary

Activity: 1946

Merit: 1005

My mule don't like people laughing

I like this idea, this may be the solution to human mineable crypto.

Here are my ideas around this.

PoW does two things. First it gives the miners a small amount of coins, lets say 1 or 2 per block. Just to keep the mining incentive going. Each generated block randomly drops a cache of coins somewhere in the world using GPS co-ordinates.

The cell phone apps reward the user with these coins when they get close enough to those GPS co-ordinates.

Sure, most of the coins will be placed in the oceans, so what. So long as everyone knows where the coin caches are they are welcome to travel there to claim them.

The only hurdle is preventing cheating using a hacked GPS system. Maybe cryptography can be used in some way to prevent this. I don't know.

MEED

member

Activity: 68

Merit: 10

CheckCoin seem to do just about that. you might wanna check it out

CryptoClubber

sr. member

Activity: 664

Merit: 250

CryptoClub would be glad to be part of this project

bradfrogger

full member

Activity: 140

Merit: 100

I am looking for a developer who can help me create a new Treasure Hunt coin. Apps for iPhone and Android will be necessary for this GPS-oriented coin where amounts of coin will be randomly generated based upon location when a player searches. These randomly generated coins will have to come from a "pre-mine". There will be actual mining as well for those who prefer POW. Please send me a PM if you are interested.

Topic: GPS-oriented Treasure Hunt coin (Read 1499 times)