[Exp]erimental Ideas
I want to redefine this post as new coin features. A list of coin features that could combat inflation and increase future demand.
Fixed Reward - Block rewards are fixed amount per block.
Dynamic Reward - Block rewards are variable can change form block to block or for a range of blocks.
Constructive Reward - Block rewards are typically constructive in that they produce coins.
Interest Reward - Reward is percentage based on mining accounts total coin count.
Destructive Reward - show proof that miner burned some coins - that is, sent them to a verifiably unspendable address.
Transaction Reward - Block rewards only come from fees paid by individuals executing transactions on the network. As transaction rates increase so do block rewards.
Random Walk Block Reward - Rather than a purely random reward the block reward randomly increases or decreases in a range. This would have an effect that would look like that of a stock trend. Block rewards could trend up or down for a period of time. This would have miners speculate on what the block reward trend might go. It is inflationary and there is risk of accelerated inflation for periods of time. To offset inflation it would need to be coupled with a Destructive Reward as well.
Transaction Rate Reward - Block rewards are based on a measurement of transaction count on the network. It could be measures by a moving average of the number of transactions in the last
n blocks.
Transaction Volume Reward - Block rewards are based on a measurement of transaction volume (total coins in transactions) on the network. It could be measures by a moving average of the number of coins in transactions in the last
n blocks. The increased volume of transactions would provide increased fee rewards. This would provide incentive to miners.
Combinations
Constructive/Destructive Reward - Block rewards are typically constructive in that they produce coins. Some block rewards have a percentage chance of destroying a percentage or fixed amount of coins from the mining account.
Transaction Reward/Destructive Reward - Block rewards only come from fees for transactions. As transaction rates increase so do block rewards. Couple it with a Destructive Reward so that miners must balance risk/reward for either holding or transferring coins. Miners will want to keep their balances low in the mining account but too frequent transaction will net high fees.
what other concepts can be implemented?
lol yeah I want a new coin
But here is the catch.
Reward is not a flat amount but a percentage based on the mining account's ownership of coins.
What would be the short and or long term impact on demand for the coin. Would the coin favor the sellers or the horders?
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the difficulty has been shutting out GPU miners making BTC less profitable to mine. In addition a lot of ASIC owners are selling BTC in order to recoup their ASIC hardware investments. This has put a lot of pressure on BTC prices.
