-snip-
2. Learn how to create flips. Don't forget to create three fips before the next validation in advance. Schedule your next validation.
There's an error in the OP, I guess it should be flips
just saying.
Looks quite interesting, I think I will try this out, can have my invite code PM'ed here?
Are those invite codes, the only method for keeping nodes unique or the system is also looking at IP addresses, stuff like that?
Invitation code sent. Please check your PM.
Invitation code itself doesn’t make your node unique. It allows you to take part in the online validation party.
If you manage to solve flips in time your node becomes validated as unique.
i am proud that i finally found the time to make it three times in a row to the validation time window without beeing terminated
Congrats!!
Sounds good, but... - how can you be sure that those new PoP-Accounts dont concentrate all in the same fabric halls in china again? Or - more likely when it comes to cost of human work - this time in nigeria or other countries known for their strong "airdrop mafia", monopolizing multiple accounts which are keeped alive by random third world workers from the street?
Those kind of bad actors allready seem to have killed mannabase.com (a centralized so called cryptoubi-project of 2016/2017, lacking sybil restistance) with thousands of fake-accounts, even while mannabase was worth nearly nothing on fiat exchange.
Bitcoin has a strong economic incentive to concentrate mining in the areas with cheap electricity. This makes other players leave.
Essentially there is no equal access to mining. The fact is the mining is the closed club both for PoW and PoS.
In contrast PoP allows for the equal access to minining.
Nothing else is needed to prove your humanness and uniqness.
You're right, there is no way to fight against fabric halls in China. But good news is the bad actors can only grow extensively. They have to coordinate more and more workers at the same place at the same time. Coordination costs might grow nonlineral.
Ubic.network has different interesting approach to avoid sybil attacks, using proof of e-passport and thereby proof of nationality - maybe you could distribute your idena-PoP more globaly, using something like UBIC as an optional second layer?
Crypto UBI is one of the possible use cases for Idena since the list of validated participants is shared on the blockchain.
Any centralized service can use it for its purposes.
Is there anything the mined coins can be used for? What's the economy behind the coin? Why should anyone actually *use* Idena?
Idena democritizes mining: any person on the planet (who able to solve flips) can mine the coins.
But what is the economy behind the coin?
Consider the use case of Sybil-protected maketing on the blockchain
1. Assume that Idena participants voluntarily agree to consume ads published on the blockchain by an advertiser.
2. However such an advertiser has to burn coins in order to reach a certain group of users attention.
3. Burnt coins are removed from the total supply. Thus multiple advertisers competing with each others will always have a shortage of coins.
4. Due to that assumption the newly minted coins which are equaly distributed amoung the people and can be sold to advertisers.