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May 18, 2013, 05:01:50 AM |
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So it's time for a new user ID for this idea, I want to develop an open exchange/contract/coin system.
Here's my idea: It'll have a blockchain like bitcoin, this is the best way to store data across peers Probably done with scrypt - need to investigate this (want to stay away from ASICs) More important that people just run the software on their computer, hopefully any computer can "mine" Coin reward of sorts? gotta have an incentive to mine Each instance has a "wallet" to hold a private key, need to look into GPG Sign a "contract" that gets store in the blockchain Contracts can only be opened by the user you send them to, public key stuff with GPG Issue contracts for whatever, bitcoin, dollars, etc Blockchain web of trust basically Allows that person to send the contract to a new person Contract can be sent back to issuer, escrow type system Once person pays what was owed, contract is given back to original issuer
Basically it's a big public ledger Option to may contracts viewable by all, to show assets you have to trade Can also be encrypted
Everything comes back to trust, if you trust the people it will be good.
I don't have a lot of knowledge on how to code right now but I'm going to start up a github tomorrow and pull litecoin in to start looking/learning.
I plan to move this to Project Development when I can.
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