Many recent PoW/PoS coins have had very fast PoW periods. This could mean that there is not enough time for word to spread about the coin in time for more casual miners to have a chance at mining the coin themselves. This poll is to gauge the community consensus on how long a PoW period needs to be in order for a coin launch to be deemed adequately fair to everyone.
Why even bother? Look at how lottoshares was distributed. They used other blockchains to reward holders of those chains with coins. The PoW was already done so no need to do it again. Save the planet man! Go green, etc.. blah blah..
I actually wonder if this strategy is kind of the opposite of what should happen... In the end, you've created a new cryptocurrency that had a "green" launch, sure. But only if you think of it in a narrow-minded sense. Consider:
- 100 people are mining.
- EcoFriendlyCoin launches that lets you claim coins using other coin.
- No one mines this coin, so it is "green", but the 100 people are still mining - just mining something else.
- The same amount of CO2 enters atmosphere as would have otherwise.
- Result: You've watered down the market by introducing another coin on top of whatever coin you used to claim your lottery ticket. Now 1 Doge = 1 Doge + XX EcoFriendlyCoins. Alternatively, you could have the person send Doge for EcoFriendlyCoins and promise to send the doge to a random wallet address that doesn't actually exist, effectively "destroying" the Doge and not watering down the altcoin market, but now you've introduced trust into the system that the developer actually destroyed the coins.
At least with a new PoW coin, you are not watering down the market in the sense that the hashing power has to come from somewhere. (You still are adding $$ where $$ didn't exist previously, obviously, so you are sitll watering down the market in that sense.)
Poll
