Bitcoin Forum

Alternate cryptocurrencies => Altcoin Discussion => Topic started by: halvoraarud on December 09, 2013, 04:48:03 PM



Title: Decentralized central bank - UnitCoin
Post by: halvoraarud on December 09, 2013, 04:48:03 PM
Hi,

I have been working on a whitepaper for some ideas I haven't seen implemented in any cryptocurrency.

Take a look here for the paper: https://docs.google.com/document/d/1302Fb5BpgTRS2P-snN4ys5JR3l8QU2QhpncldAYaXfM/edit?usp=sharing

Basically it adds "interest rates" to the cryptocurrency in order to stabilize the value (but amounts will float). Further, it intends to make it extremely hard to hash it with custom hardware, thus aiming for broad distribution to all with a CPU.

Implementingwise, I aim for a super simple mining participation threshold:  No complex setups, downlaod, install, and you are up.

For anyone interested in bouncing ideas or join in with some expertice, let me know

Best regards
HA