I have been experimenting with a Blockchain (atypical) idea that I hope will pique your interest and hopefully we will discuss this further, even if just for fun/learning. I would highly regard any feedback/criticism.
Disclosure: I haven't really put in much work to make this a well rounded document, and you might struggle with it as it lacks coherence, also many sections are incomplete. I have tried to outline a few items, but I have more questions than answers at this time as you can imagine. Am looking for partners to jointly complete the white paper (& possibly more).
I started with a simpler version, but what I am describing in this post today is different, yet they can complement each other. I am hoping they should offer better scalability / speed & security.
https://bitcointalk.org/index.php?topic=1744718Preface(1) Try and improve existing Blockchain tech
- PoW problems (bitcoin) i.e. Energy intensive, Centralization (economies of scale, ASIC miners) , scalability issues, speed, efficient and collaborative mining (not = mining pools)
- PoS problems (Eth,Nxt, etc) , Weak subjectivity, Not a Trustless system (checkpoints) , reduce wealth disparity, Centralization, scalability issues, speed.
https://bitcointalk.org/index.php?topic=1549494.0https://blog.ethereum.org/2014/07/11/toward-a-12-second-block-time/(2) Applications (disruptive) - the below excite me, yet to decide on the subset to begin with.
- fast, secure & truly decentralized token of value
- incentive to spend and not keep holding (monetarism)
- remittances (Ripple , Stellar)
- smart contracts , collaborative model should improve efficiency
- blockchain application platform
- mobile money
- community-based governance (
https://www.decred.org/)
- Decentralized Exchange (on the blockchain)
https://www.lykke.com/exchange (Poloniex , Kraken etc are centralized)
