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Author Topic: [ANN] MemoryCoin  (Read 100280 times)
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FreeTrade (OP)
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December 13, 2013, 09:47:15 AM
 #921

Well I guess this is just a question of user interface.

But for the sake of it I have thought of other mechanism that could prevent to have the user to monitor what is happening in the community.

Here it is :
There should be a board of administrator which would be elected by requiring at least 70% vote.
Those administrator will be there to handle the task of managing candidate and money unlocking, but won't have any other power (ie: they can't create money or chose the winner).
It will go like this :
- Shareholder vote to elect the board of administrators, each admin need to be approved by at least 70% (number to be discussed) of voter to be elected.
- The board of admin check the candidate for the election, the candidate must be real people with real proposition, as opposed to fat wallet voting for themselves .
- For a candidate to be valid he would need 50% of the admin vote. The admin vote only for validity, they don't have a say in if they like the project or not.
- Shareholder vote for the different candidates, the best one win, the money is created, but unspendable.
- The candidate complete the task and ask for the money.
- Admin vote to make the money spendable.
- Or if the person don't do the task or resign, Admin vote to delete the money.

This will remove from the user the burden of checking the community, they just have to elect admin once, and vote for the project they like.


That's a pretty good system - bit more complex than I'm prepared to put the time in for development at the moment though. Sorry.

Here's the details on elected positions -

https://bitcointalk.org/index.php?topic=369487.0


Membercoin - Layer 1 Coin used for the member.cash decentralized social network.
10% Interest On All Balances. Browser and Solo Mining. 100% Distributed to Users and Developers.
legendface66
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December 14, 2013, 01:40:42 AM
 #922

Restarts?Huh  Meaning ZERO coin after mining?  Then this is a BETA test coin.

Maybe this should be called "Amnesia coin"

OH MY GOD! AMNESIA COIN! PRICELESS! Cheesy
Sharky444
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December 14, 2013, 07:45:25 AM
Last edit: December 14, 2013, 09:28:51 AM by Sharky444
 #923

I hope the release is not rushed. Some people want Memorycoin 2.0 today. I think it's better to wait an extra week to check out in a testnet that the algo has no problems. MC 1.0 was an experiment, but 2.0 can really hit off. Just look what happened to Protoshares and Quarkcoin. With the right marketing a huge market cap is possible.

What will be the ISO 4217 shortener for MemoryCoin 2.0? Is MMC taken?

edit:

FreeTrade, I've answered your PM.

Radix - just imagine
FreeTrade (OP)
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December 14, 2013, 05:49:05 PM
 #924

New Thread on MemoryCoin 2.0 -
https://bitcointalk.org/index.php?topic=370806.msg3961388#msg3961388

Membercoin - Layer 1 Coin used for the member.cash decentralized social network.
10% Interest On All Balances. Browser and Solo Mining. 100% Distributed to Users and Developers.
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