Quote from: Voidlord on April 23, 2015, 10:24:50 PM

Quote from: CryptoNick on April 23, 2015, 06:04:20 AM

Make it so you either have PoS for a certain amount of coin 100 to 1000 coins to protect the blockchain or you have so much coin that you can send a fee in that would burn it into boosting PoS.

Maybe like a PoS burn in coin for those who don't want to leave their computers on but use the service of Opal Drive. This would make more PoS available than normal since the Fees accrue due to usage. Then it blossoms with usage and people get a very large PoS reward if staking/using opal drive.

I hope this gets incorporated in the final Opal Drive. It kind of mimics drive mining. Since you either PaY or PoS. This would benefit everyone using Opal by burning the fees into a new PoS coin to be mined later perpetually.

Quote from: toldy on April 23, 2015, 12:01:05 PM

I really like that idea. Being able to burn coins somehow to give a better reward to whoever produces the next block.

If you coordinated the event, you could buy a crap load of coins, then for the next 500 blocks increase the reward by 50 coins per block and let everyone know about it.

Or, you could have a lottery, saying that you promise to burn 2500 OPAL sometime between now and next Tuesday, which gets people installing wallets and staking coins trying to earn the stake reward if they get that block

Or, [insert your idea]

Interesting things here,

I try something, following your ways: (replace "lottery block" by another idea you may have)

a descending PoS interest rate:
-1,000,000 opals and more = 0% PoS (all the 5% rewards goes to the possible "lottery block", even this wallet can win )
- 999,999 opals = 0.000005% PoS interest (the 4.99995% goes to the next possible "lottery block", even... )
- 999,998 opals = 0.000010% PoS interest and 4.999900 % -> "lottery block", even...)
....
....
-2 opals = 4.999985% PoS interest, (0.000015% -> to the next possible "lottery block" even...)
- 1 opal= 4.999990% PoS interest, (0.000010% -> to the next possible "lottery block", even this wallet can win)
- 0 opal= 0 PoS (but even this wallet can win)

That increases staking for sure, my thoughts were to boost Opal Drive Usage and coin value through locking down large stakers, and perhaps link a cloud service paid for by the Fees but also using the Fees to pay Drive Stakers within Opal Drive. A Cloud service would have to be paid for though so we have to find a creative way to automate that through PoS. Can you imagine a World Wide Load Balanced Amazon Instance that just gets paid automatically! It would grow as the user base grows. No disparity in bandwidth anywhere like other services may encounter from people using a laptop to drive mine lol.

I have to think this through a bit more though. People will have to pay to use it no matter what, Stakers lose the use of their coin (confirmation locking to use, and 1000 confirms to wait after detaching) and payers just pay but also based on the value of the coin. Which may be astronomical if it catches on. So the use fee could be like 10 coins. That is fine to start with and no cost really, until those coins become 50 cents a coin, and the coin would eventually average out to a reasonable cost and only fluctuate since a costly service is backing the coin now. Since you can't buy 10,000 coins for cheap at that point, but those who bought early and held their 10,000 coin got a deal and most of those people will keep the coin indefinitely, if they are smart and like the service. So the 10,000 coin Staking can be the only way to PoS maybe too. Other coin is just bought and sold with no PoS so that people will participate at large levels. These numbers can all be set differently, it is just to show an extreme example. The selling of the coin that is paid in Fees would be done professionally too not dumped out, more like a feasible sell wall.

So on the large scale of 10,000 coins to stake you would only allow 1000 or less people to get in for free. Since much is distributed at smaller amounts there will not be enough supply for more people to get the service for Free. So everyone else must pay and boost the price massively, just so the fees can be meted out due to the scarcity of coin held by 10,000 coin wallets PoSing for Opal Drive Freedom.

Help me iron this out, I already have a great name for the Cloud service, I sent it to Bass and may have mentioned it to Void too.

This has got to work somehow!