This is a completely rough idea, wondering if its possible to implement it (with some changes obviously)
Proof of Streaming- Instead of having miners compete for most hashes per second, we have streamers compete for most viewers (calculated by percentage) and the longer they stream the more chance they have of being chosen to confirm the block (age)
I will list the similarities between pos and post here-
Number of coins - Number of viewers
Age - Length of stream
Stakers - Streamers
The viewers cant be botted because every viewer will be confirmed with their own public key (itll make it harder atleast) and ofcourse the people caught botting will be banned and to prevent people from livestreaming 24/7 and gaining a huge age the age for the length of the stream will be reset every 24 hrs, it will be calculated as such -
(time now) - (time started stream at) = Age for stream (the length of the stream wont be affected)
All will be calculated in greenwhich time to avoid confusion
What do you think? Are there any flaws? Any new possibilities?
Im a newbie for the techinical side of things, i only know how it works in basic and not in complete detail so forgive me if i sounded dumb this entire time
bit.tube...you are not the first one with this idea