Smartest here- devise a method of fair distribution based upon BTC ownership

almightyruler

legendary

Activity: 2268

Merit: 1092

Have you seen CLAM? The distribution was based on funded Bitcoin addresses, rather than their absolute balances. Each address which had a balance (and was not dust) on the snapshot date was granted around 4.6 CLAM... doesn't matter whether the address had 0.001 BTC, or 1000 BTC, they all received 4.6 CLAM.

This method does bias the distribution towards wallets which have a lot of funded addresses - such as exchanges, or a service that receives multiple small payments - but it does ensure that an offline wallet with a huge balance won't be granted a disproportionate amount in the initial distribution.

I found this thread because I'm curious to see if any other coins have used the same distribution method since CLAM. Haven't found any yet.

cryptohunter

legendary

Activity: 2100

Merit: 1167

MY RED TRUST LEFT BY SCUMBAGS - READ MY SIG

Quote from: kiklo on November 01, 2016, 05:30:30 AM

Quote from: cryptohunter on November 01, 2016, 05:22:28 AM

For example ... say I launched a new alt. (i am not going to)

I wanted to distribute it fairly as possible based upon a random snapshot I'd taken of the bitcoin wallets that exist.

I don't obviously want to give the vast bulk of the coins to the richest BTC owners... so what's the best way that is reasonably easy to implement.

It does not matter if the math is above my level I will simply be passing the information to one who will understand.

The key is the random snapshot.

I guess random is fairest but from my limited understanding creating something purely random is quite a difficult task.... so what is the best way that can be automated and is reasonably fair.

I guess there is nothing that can be done for now regarding those that have lots of wallets for whatever reason?

Too few of the Population have any thing at all to do with Bitantic to create a truly fair random distribution.

For a truly fair random distribution , you would have to use Social Security Numbers or Birth Certificates would be your best shot.

Cool

Yes, I fully agree with you there. I know this won't be an ideal distributional method if zoom out too much. But just in the context of the crypto community.

However this person is determined to use BTC as a distributional method basis. He is intending to make it proportional to the amount of BTC you own. I was hoping to find a better way that could be seen as far fairer but that would still be easyish to implement.

kiklo

legendary

Activity: 1092

Merit: 1000

Quote from: cryptohunter on November 01, 2016, 05:22:28 AM

For example ... say I launched a new alt. (i am not going to)

I wanted to distribute it fairly as possible based upon a random snapshot I'd taken of the bitcoin wallets that exist.

I don't obviously want to give the vast bulk of the coins to the richest BTC owners... so what's the best way that is reasonably easy to implement.

It does not matter if the math is above my level I will simply be passing the information to one who will understand.

The key is the random snapshot.

I guess random is fairest but from my limited understanding creating something purely random is quite a difficult task.... so what is the best way that can be automated and is reasonably fair.

I guess there is nothing that can be done for now regarding those that have lots of wallets for whatever reason?

Too few of the Population have any thing at all to do with Bitantic to create a truly fair random distribution.

For a truly fair random distribution , you would have to use Social Security Numbers or Birth Certificates would be your best shot.

Cool

cryptohunter

legendary

Activity: 2100

Merit: 1167

MY RED TRUST LEFT BY SCUMBAGS - READ MY SIG

For example ... say I launched a new alt. (i am not going to)

I wanted to distribute it fairly as possible based upon a random snapshot I'd taken of the bitcoin wallets that exist.

I don't obviously want to give the vast bulk of the coins to the richest BTC owners... so what's the best way that is reasonably easy to implement.

It does not matter if the math is above my level I will simply be passing the information to one who will understand.

The key is the random snapshot.

I guess random amount distribution is fairest but from my limited understanding creating something purely random is quite a difficult task.... so what is the best way that can be automated and is reasonably fair.

I guess there is nothing that can be done for now regarding those that have lots of wallets for whatever reason?

Topic: Smartest here- devise a method of fair distribution based upon BTC ownership (Read 351 times)