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What would it cost to make a coin that can only work on P2pool where the pay out is not a reward to the 1 finder but a share of the reward divided to everyone that is mining according to the hash rate over a time period that adjust to transaction frequency. If possible once a month random or at least unknown time a jackpot to a lucky miner who gets an additional percentage of the reward.
The reward scales according to transactions being performed globally that increase according to the amount of transaction traffic which have fees (this should cover 25% of the reward) Basically the transactions feed in to the reward system that is equally shared to all miners according to the work supplied over the span between rewards. This will maintain transactions traffic congestion by getting miners to mine relieving congestion.
As a side effect the more it is traded the more fees collected and the more larger the reward becomes getting more miners interested and working to process the transactions.
The coin will begin fair as the first rewards will be according to the transactions created by the amount of adopters plus initial reward. As the coin mature it will become more profitable to mine and self sustaining. By the time the currency is fully matured the reward system will reach a point where no more coins are to be created and the fees should hopefully sustain the reward system.
I want to call it DVC. DividendCoin.
What will it cost and if anyone else that has suggestions on reward sizes payout. If it would be possible to crowd fund this.
The reward scales according to transactions being performed globally that increase according to the amount of transaction traffic which have fees (this should cover 25% of the reward) Basically the transactions feed in to the reward system that is equally shared to all miners according to the work supplied over the span between rewards. This will maintain transactions traffic congestion by getting miners to mine relieving congestion.
As a side effect the more it is traded the more fees collected and the more larger the reward becomes getting more miners interested and working to process the transactions.
The coin will begin fair as the first rewards will be according to the transactions created by the amount of adopters plus initial reward. As the coin mature it will become more profitable to mine and self sustaining. By the time the currency is fully matured the reward system will reach a point where no more coins are to be created and the fees should hopefully sustain the reward system.
I want to call it DVC. DividendCoin.
What will it cost and if anyone else that has suggestions on reward sizes payout. If it would be possible to crowd fund this.
Hate to break it to ya, but DVC is taken...
