Title: Designing 4 chain coin with exchange built in Post by: HiveLibrary on February 15, 2013, 05:55:37 AM I've seen a few proposals for exchanging coins between chains. Also seen various tweaks to the difficulty calculations, the rewards, etc.
And then it hit me: We know money is a tool. Why not solve a shitton of problems and make it something we can turn on and off? There is no real freedom if you have to be on the merry-go-round to maintain your wealth. So 4 chains: The generator chain The feedback chain The project chain The exchange chain All chains can process the transactions of the whole bundle. All chains are controlled by the performance of the pool they serve. By tying these values to hashrates, individuals can add or remove their support for a project based on long or short term considerations. By tying these values to hashrates, individuals can devote the hashrates to these parameters or to other chains. Each participant chain has four pools connected to each other then to the network. Pools 1 - 4 are controlled by a sustained hashrate. The project chain would be a cpu limited chain (so anyone can participate in decisions) which would moderate a local budget for a project. No actual coins are generated (fees are charged). - Total budget: Pool 1 would modify the budget. - Total length: Pool 2 would set the total time for a project. - Maximum in an account: Pool 3 associated with an account by proxy. - Maximum transfer into and out of an account: Pool 4 associated with an account by proxy. The generator chain is standard hashrate controlled as usual. The feedback loop chain can suppress the local difficulty by showing exchanges equal to multiple project budgets. The exchange chain creates temporary intermediate accounts with conversions of coins based on difficulty, distribution, hashrate, etc so the outputs can be modified without complex schemes. |