i am glad to keep with ETC and the POW :X
I'm actually interested in a big picture, not just ETH.
Wondering if there isn't a better way of doing things, besides PoW/PoS.
Algorithmic consensus distribution sounds good.
From Vitalik's 2014 post:
https://blog.ethereum.org/2014/05/24/on-long-term-cryptocurrency-distribution-models/What if there can be a consensus algorithm to distribute tokens over time, where that algorithm can reward arbitrary good work? For example, one might want to pay bounties to people who contribute to the ecosystem, or even to the world in general. The simplest approach here seems to be to randomly select a “parliament” – every N blocks, stakeholders can vote on 200 nodes that will make the decision of where the newly generated funds will go.
Whatever happened to that view?