Minting Mechanisms for Blockchain

[BlinkInDie]

Permissionless blockchain systems, such as Bitcoin, rely on users using their computational power to solve a puzzle in order to achieve a consensus. To incentivize users in maintaining the system, newly minted coins are assigned to the user who solves this puzzle.

On the other hand, proof of stake systems incentivize coin hoarding as players maximize their utility by holding their stakes. As a result, existing cryptocurrencies do not mimic the day-to-day usability of a fiat currency, but are rather regarded as crypto-assets or investment vectors.

I also think that it's possible to implement an auction without requiring a semi-trusted party, where every miner in the network is a potential bidder.

[tabas]

Ok, so you're into an auction having a trustless system. I guess almost everything can be applied this technology, you know what I'm saying when bitcoin was borned. A lot of ideas came out and mimicked the idea that it brought to us.
As for the example you have saying about minted coins, I think the correct word should be newly mined coins.

[Ucy]

Ok, so you're into an auction having a trustless system. I guess almost everything can be applied this technology, you know what I'm saying when bitcoin was borned. A lot of ideas came out and mimicked the idea that it brought to us.
As for the example you have saying about minted coins, I think the correct word should be newly mined coins.

The word "mint" in that context is still OK in my opinion. I understand why some would prefer the word to the other. It conveys the actual meaning (production of new/fresh coin) more.
 Mining is more suitable for Bitcoin-like Proof of Work while the other sounds better for the PoS

[tabas]

Ok, so you're into an auction having a trustless system. I guess almost everything can be applied this technology, you know what I'm saying when bitcoin was borned. A lot of ideas came out and mimicked the idea that it brought to us.
As for the example you have saying about minted coins, I think the correct word should be newly mined coins.

The word "mint" in that context is still OK in my opinion. I understand why some would prefer the word to the other. It conveys the actual meaning (production of new/fresh coin) more.
Mining is more suitable for Bitcoin-like Proof of Work while the other sounds better for the PoS

Yes, that's PoW and when he used minted he's talking about it. Anyway, you're right that either terms are correct and understandable, not a big deal.