Any update on this project?
Nope, still working on other projects to insure integration. Also, I have been brought on by SuperNet to work on turning a very complex price pegging algorithm into code. I plan to use the bounty for this to bring on some additional help to Stag and the anonymity network. (It is a very big bounty I am working towards).
Also looking into blockchain integrated wallet files for other coins. The idea is that, something like a Bitcoin wallet, could be stored on the Stag blockchain if it is encrypted well enough and allow a user to make Bitcoin transactions from within the Stag platform without depending on a pegged asset or MSCoin. Also looking into account pruning to increase the amount of time accounts can remain disposable given a particular key size. It would work by deleting accounts that have been inactive for very long periods of time (say 100 years) and allowing that account's public key to he reused.
Because a Stag user's balance is split into multiple disposable accounts (as is the new plan), it is considered highly improbable that anyone would hold onto a private key for 100+ years to steal an account's balance. Further, someone trying to steal this way would have to constantly monitor the blockchain to see if that account is deleted and reactivated, then log into the account AFTER it is created again but BEFORE the account's balance is spent.
Assuming this does happen, chances are that the account has very little Stag in it making all the key saving and patience near worthless. Further, the theft is only good once as the account will not be used again for another 50 years. This makes the gain from the theft worth less than the storage space and time spent storing the key and transferring it between computers. In the mean time, the stored key is likely to get lost or corrupted before the attacker can use it.
Finally, I am investigating possible methods of interpreting statistical data automatically to help with the price stability function. This would likely require a secondary proof of work block to be done every so many blocks. This PoW would be the work of building an equation to match statistical data from cryptocurrency exchanges to determine the ideal amount of STAG per account by comparing the purchasing power of the previous ideal amount of STAG per person in LPPI (Local Purchasing Power Index) to the average cost of living in first world countries in LPPI doubled. This way there is enough STAG per person to support 2 adults.
These are mostly just thoughts at this point. Let me know what you guys think!
