Topic: HODL.voting – time-locked voting for provable bitcoin hodlers (Read 291 times)
Seems like a pretty well designed system. It might be a good idea to rename your op though as people might mistake it for HODL coin instead of bitcoin. I am sure there are large number of btc hodlers, not sure if they would be willing to try this though.
HODL.voting is a time-lock-weighted voting system that gives provable long-term bitcoin HODLers a way to express their opinion on proposed protocol upgrades.
To vote, users are requested to lock-up bitcoins for some pre-determined amount of time (using CHECKSEQUENCEVERIFY), where each vote is weighted by the number of bitcoins * lock duration. This mechanism lets people who're willing to commit to long-term hodling (and thus have a provable vested interest in bitcoin) get more say.
I built this project for the TLV emBassy 2017 Hackathon (and won the first prize with it!). It is currently running on testnet. Happy to hear your thoughts :-)
Website: https://HODL.voting/
GitHub repo and more info: https://github.com/shesek/proof-of-hodl
Hackathon slides: https://www.docdroid.net/rzFKS1g/proof-of-hodl.pdf.html
Article by Kyle Torpey: https://cryptoinsider.com/new-bitcoin-project-aims-make-online-trolling-expensive/
To vote, users are requested to lock-up bitcoins for some pre-determined amount of time (using CHECKSEQUENCEVERIFY), where each vote is weighted by the number of bitcoins * lock duration. This mechanism lets people who're willing to commit to long-term hodling (and thus have a provable vested interest in bitcoin) get more say.
I built this project for the TLV emBassy 2017 Hackathon (and won the first prize with it!). It is currently running on testnet. Happy to hear your thoughts :-)
Website: https://HODL.voting/
GitHub repo and more info: https://github.com/shesek/proof-of-hodl
Hackathon slides: https://www.docdroid.net/rzFKS1g/proof-of-hodl.pdf.html
Article by Kyle Torpey: https://cryptoinsider.com/new-bitcoin-project-aims-make-online-trolling-expensive/
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