Topic: Most efficient distribution strategies - page 2. (Read 2068 times)
Social media distribution can be gamed in most cases rather easily. Requiring a Facebook verified ID helps level the playing field a bit. I like what Silicon Valley Coin did. They mailed coin vouchers to random addresses in Silicon Valley. Finding ways to get coin in the hands of those who didn't request it is probably the most fair.
Social media distribution is the best one at the moment, unless we are thinking of ID/ address checks
No one is forcing the adoption of cryptocurrency so most people are bummed out when they see they have to pay 1000x as much today as a few months ago, humans don't like missing out so that is what we are doing now - experimenting with distribution.
Most efficient would be complete spec of a premined POS voted on and agreeable and trusted by all parties who eventually go into the currency, which actually means a huge foreword and work so they can't claim ignorance... I would think a massive retail company saying that anyone who buys from our stores provides the unique receipt number in 2014 can have that amount in targetcoins would be the most efficient considering their reach and volume. but as superresistant said must be room for unfairness to create the need in the first place as the buyers are the most but no so much to create a general distain for it.
Most efficient would be complete spec of a premined POS voted on and agreeable and trusted by all parties who eventually go into the currency, which actually means a huge foreword and work so they can't claim ignorance... I would think a massive retail company saying that anyone who buys from our stores provides the unique receipt number in 2014 can have that amount in targetcoins would be the most efficient considering their reach and volume. but as superresistant said must be room for unfairness to create the need in the first place as the buyers are the most but no so much to create a general distain for it.
Why a currency should be fair ? It is a non-sense to me.
You want a new currency to give you an advantage on others. You aim for inequalities. You want to humiliate others with your wealth to appear superior.
If something is distributed equally and in abundance, can you imagine its value ? none, absolute zero.
Money is the opposite of fairness. Money make the world unfair.
You don't see the point. There is no need for a currency to be fair, yet we can do our best to initially distribute the coins equally. This has many advantages.You want a new currency to give you an advantage on others. You aim for inequalities. You want to humiliate others with your wealth to appear superior.
If something is distributed equally and in abundance, can you imagine its value ? none, absolute zero.
Money is the opposite of fairness. Money make the world unfair.
All money brought into the world trough banks. People make money with money but there is not a single rich man in the world that simply supplied money and became rich of that. Now, the bigger your money making machine, the more you earn. This is very unfriendly to the environment and makes no sense.
The perfect currency flows smoothly in the market and catch up with the demand. The more people join the network, the more coins.
I don't think it work.
You want something that you don't have.
You want FIAT money because you know that you don't have enough of it compared to others.
If you distribute something equally, no one will consider it valuable.
The value we give to things come from the unfairness of distribution.
Take tap-water for example : For us, it is equally distributed and available. We consider that it has no value. You wouldn't buy my glass of tap-water.
If in the future we would lack of it, water would become the new currency because some people would have most of it while others would die from the lack of it.
Proove your ID & share coins out to miners that can prove they're human.
When you want the system to be anonymous it is not so easy.
But it can be done with zero knowledge proofs. Once Mike Hearn explained to me how that could work. If I recall correctly you could have a digitized passport instead of the analogues one we are used to. Some countries are already putting chips into their passports to make them digital documents in addition to their physical issues. Zero knowledge proofs enable an application to read the whole document and only check for specific information that you want to proof without giving away any other information that the source also contains. After parsing the doc it puts out a verifiable proof that the input document actually contains the requested information, eg that you are Chinese citizen or that you have a certain age or name. All the proof states is what you want it to verify without giving away further details.
Why a currency should be fair ? It is a non-sense to me.
You want a new currency to give you an advantage on others. You aim for inequalities. You want to humiliate others with your wealth to appear superior.
If something is distributed equally and in abundance, can you imagine its value ? none, absolute zero.
Money is the opposite of fairness. Money make the world unfair.
.
How to distribute a coin so that it reaches the most people and becomes distributed evenly?
The options we have are based on POW or POS with ensuing distribution of coins by either pure mining + economic activity (ie. selling buying coins for goods and services) or by giving them away selectively by making use of bounty programs, give aways + economic activity. Are there any other conceiveable strategies to distribute the coins evenly and at the same time incentivizing improvement of the coin ecosystem? How good do those practices work in practice? Are managed distributions, like bounty programs better then market based distribution that give coins away for successful services or public fund raisers?
Pls discuss and share your ideas!
The options we have are based on POW or POS with ensuing distribution of coins by either pure mining + economic activity (ie. selling buying coins for goods and services) or by giving them away selectively by making use of bounty programs, give aways + economic activity. Are there any other conceiveable strategies to distribute the coins evenly and at the same time incentivizing improvement of the coin ecosystem? How good do those practices work in practice? Are managed distributions, like bounty programs better then market based distribution that give coins away for successful services or public fund raisers?
Pls discuss and share your ideas!
I would say something in the middle (pow/pos). Use POW with limitations for distribution. If there is a way to lock each device in terms of kh/s (computer/laptop/asic) at least there is a bigger chance for fair/equal distibution. This also would make a 51% attack harder i think.
Probably a different blockreward system could help with this. Instead of a single fixed block every x seconds for the lucky one, there should be multiple blocks every x second. Example: 1 block per 60 seconds per user, eventually with halving. The more "users", the more rewards and the faster pos starts. When the set amount is reached (it is now user independent instead of time independent) pos starts.
Proove your ID & share coins out to miners that can prove they're human.
When you want the system to be anonymous it is not so easy.
Country coins anyone 
Social network distribution is probably the easiest to game, one can buy thousands of accounts.
I think twitter giveaways will provide best results
We're experimenting with distribution via social networks authentication.
Checkout: www.planetdollar.org
https://bitcointalksearch.org/topic/annpdrlaunched-planetdollar-fair-social-distribution-openssl-patched-524080
Checkout: www.planetdollar.org
https://bitcointalksearch.org/topic/annpdrlaunched-planetdollar-fair-social-distribution-openssl-patched-524080
There is no most feasible strategy for correct distribution.
Server power (higher monetary assets).
Investment power (higher monetary assets).
Knowledge power (personal asset).
We are not even on a mass scale yet. Correct distribution cannot occur simply due to others lack of knowledge within our entire society as a whole.
Server power (higher monetary assets).
Investment power (higher monetary assets).
Knowledge power (personal asset).
We are not even on a mass scale yet. Correct distribution cannot occur simply due to others lack of knowledge within our entire society as a whole.
Proove your ID & share coins out to miners that can prove they're human.
You mean in case of POS?
Proove your ID & share coins out to miners that can prove they're human.
How to distribute a coin so that it reaches the most people and becomes distributed evenly?
The options we have are based on POW or POS with ensuing distribution of coins by either pure mining + economic activity (ie. selling buying coins for goods and services) or by giving them away selectively by making use of bounty programs, give aways + economic activity. Are there any other conceiveable strategies to distribute the coins evenly and at the same time incentivizing improvement of the coin ecosystem? How good do those practices work in practice? Are managed distributions, like bounty programs better then market based distribution that give coins away for successful services or public fund raisers?
Pls discuss and share your ideas!
The options we have are based on POW or POS with ensuing distribution of coins by either pure mining + economic activity (ie. selling buying coins for goods and services) or by giving them away selectively by making use of bounty programs, give aways + economic activity. Are there any other conceiveable strategies to distribute the coins evenly and at the same time incentivizing improvement of the coin ecosystem? How good do those practices work in practice? Are managed distributions, like bounty programs better then market based distribution that give coins away for successful services or public fund raisers?
Pls discuss and share your ideas!
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