True, i have been thinking of that too. I myself have only recently become interested in POS. Perhaps it's time for new ideas...
I thought of creating a psuedo-merge-mined coin with set exchange rates. my idea is to have have different reward types that are not random or super blocks. They all have to be earned through mining, the idea is to use the same daemon or client.
Each has a separate starting difficulty that reflects the rarity and value of the reward. Strictly this will include libzerocoin and POH once i figure it out.
For example a single chain with 5 diff targets for different rewards.
1) Platinum (very rare )
2) Diamond wher 100 Diamond = 1 Platinum.
3) Gold where 100 Gold = 1 Diamond
4) Silver where 1000 silver = 1 Gold
5) Copper where 1000 copper = 1 Silver
with a starting diff of (maybe) 50x the current of LTC or even a hundred, i'm sure it will be a while before we see any plat holders. the lowest diff, that of copper would be a diff 2 scrypt. although most would shy away, i believe that ca full currency system like this should reflect current trends, most of the algos used before were made for cpu mining, which is why we have so many dead and dying coins after gpu's raise the diff then leave it to rot. worse with multipools popping up that can boast a straight gigahash on scrypt it become evident that we need to adjust to fit the situation, hardware and pooling of resources.
The chain(s) would have a floating circulation that allows exchange from one reward to the other and because of hard limiting (changeable with time).
Say you have a small cpu ( intel i3) you could start mining coppers by using "setgenerate cop -1", since coppers are abundant and have low starting difficulty and a low interest rate they would make sense to mine with a smal cpu. For someone with more formidable power, they could "setgenerate pla -1" say on a fx 8350 or two and attempt to mine Platinum rewards. However most would think that you can get Plat or GLD by mining copper and trading up, this is met with a hard throttle in that the money supply is not only hard capped and throttled when too much is produced, but it's difficulty responds directly to the availabilty of the other currencies combined, ergo it becomes impossible to bite the system. Say we all decided to get in on the action by mining easy copper and silver, the diff of the two will be proportionally increased by the lack thereof of support from Plat and Diamond. This rough implementation of forced scarcity will push the diff up exponentially to the point that if pushed far enough, copper could match the diff of Plat. As an artificial yet effective system it will regulate minting of all rewards based on actual money supply.
The chain it's self will be CPU mineable, having parameters that do not support GPU is an idea, but i will not fool myself, once there is enough money involved, someone will set out to do it. Look at QRK and XMP, people have decided to get rich and are working on it.
The integration of libzero (or a hack of it) and POH is key because i believe that people have a right to a modicum of privacy, although many may say it encourages criminal activity, i still see paper money and bank transfers happen between criminals. At least this is digital money that for now cannot be used to buy coke at the corner. POH is my baby and i'd like to see how it does in the world, i do not mind a man who goes to Amazon and spends his money hoarding graphics cards, but i think it is immoral to infect computers that do not belong to you and commandeer them to mine for you.
i actually caught someone installing cpuminer on hospital computers.
so, what do you think?
