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Author Topic: Any Coins With An Incentive To Run The Client  (Read 694 times)
EuSouBitcoin
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June 11, 2013, 05:55:49 PM
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With BTC there is no BTC-reward for those running the client. Would it make sense to have an alt-crypto that has a random lottery for a small amount of coin to be sent to one of the clients that is running when the next block is found? Wouldn't this encourage people to run the client separately from mining and help the network?

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June 11, 2013, 06:03:11 PM
 #2

Hello there
This call this 'mining'

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June 11, 2013, 06:06:23 PM
 #3

PPCoin, Novacoin, YaCoin and some others are doing something very similar, although it depends from the amount of coins hold by the wallet owner and so the reward is not completely randomly distributed. The mechanism is called Proof-of-Stake.

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June 11, 2013, 06:08:09 PM
 #4

Hello there
This call this 'mining'

this.. is exactly what i thought in my head.

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vinne81
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June 11, 2013, 06:15:17 PM
 #5

With BTC there is no BTC-reward for those running the client. Would it make sense to have an alt-crypto that has a random lottery for a small amount of coin to be sent to one of the clients that is running when the next block is found? Wouldn't this encourage people to run the client separately from mining and help the network?

Helping the network, you mean securing it? You secure by hashing, not by running your client. By mining, adding hash, you make a 51% attack harder.

See if this way: if there are 1 billion non mining bitcoin clients running that don't mine, I could mine all bitcoins Smiley
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June 11, 2013, 06:21:43 PM
 #6

even if idea of just running the client sounds appealing for the clients just think what would any bank say for the such proposition saying think of you:
"I'll be walking around with your credit/debit card in my wallet and why don't you randomly send you some money cause I do think you should..."

On the other hand I guess some less popular coins could use some clients acting like a server and having it up 24/7 so others will be able to connect to the network and sync. I wonder if any of the coin owners are willing to pay for that obviously most likely with the coin in question.

btw someone needs to develop a way for the client(s) to make some blockchain movements in the RAM as starting them and writing byte by byte and not lets say in 256kb chunks just kills any HDD. Do all clients need to have full blockchain around anyways??


EDIT: Didn't know any coins like above mentioned PPCoin, Novacoin, YaCoin actually did that Smiley wow

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June 11, 2013, 06:27:52 PM
 #7

Hello there
This call this 'mining'

this.. is exactly what i thought in my head.

+2
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June 11, 2013, 06:31:33 PM
 #8

With BTC there is no BTC-reward for those running the client. Would it make sense to have an alt-crypto that has a random lottery for a small amount of coin to be sent to one of the clients that is running when the next block is found? Wouldn't this encourage people to run the client separately from mining and help the network?

I'm would be setting up 80 virtual machines on my PC, each running one client Smiley

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June 11, 2013, 06:34:49 PM
 #9

Hello there
This call this 'mining'

this.. is exactly what i thought in my head.

+2

but where will you download your blockchain for your wallet, mister miner?

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A L I E N
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June 11, 2013, 06:49:30 PM
 #10

PPCoin, Novacoin, YaCoin and some others are doing something very similar, although it depends from the amount of coins hold by the wallet owner and so the reward is not completely randomly distributed. The mechanism is called Proof-of-Stake.

Bitbar has Proof-of-Stake as well


 
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