Quote from: Gandalf86 on December 25, 2016, 08:45:11 AM

Quote from: martob on December 24, 2016, 10:53:29 PM

I know that a lof you guys like the idea, so do i, and this is why i decided to speed up the release process, so :

Contest N°1

The redaction of a white paper

Object: Proof Of Suicidal
Content: How a blockchain could possibly suicide ? Can the client auto-uninstall after X period of innactivity or N blocks to sync ? What message can be displayed ? Will the wallet.dat be spared from the suicide ? What are the benefits for such protocole or blockchain ? Can it generate coins ? if yes, to who ?
Note: Be creative, anything can be created at this point, my duty will be to keep the project maintained and to help in the development of the white paper.
Reward: The best White paper will be rewarded by 10% of the premine (worth 10.000 SCD)
Delay: Starts on 25/12/2016 ends on 08/01/2017

To participate, just send me a PM with the white paper, and confirm the PM in the Thread with a message like : "White paper contest, submited work"
Anyone can participate, take it easy guys, i want us to have fun developing cool things Cool

Unfortunately 10.000 SCD is wayyyy to few lol for me to write a paper, with my estimated mcap of this I could buy 100.000s with just a few Euros. I will just write it here and hope for donations. Cheesy

My addy is B9KS47zjGf1vxt5k5XigLYbmciFFavU8KA.

Proof of Suicidal

It might be interesting to have coins commit "suicide" when the wallet is NOT online! Like an inverse PoS. Suicide rate would be a fixed percentage of the wallet's amount, like 0.1% each time. I'm not a blockchain programmer so I don't know how difficult this would be.

What is required is:
1) Each wallet keeps track of which addresses hold how many coins, excluding empty addresses.
2) A decentralized method to agree on one non-empty address (like the PoS mechanism).
~~(Alternatively, agree on any valid address and if its value is zero, nobody loses coins)~~

If the address agreed on can proof it is online right now by signature (like PoS), it can insert a veto and won't lose any coins. If it is not online, it will be agreed that 0.1% of that addresses coins will commit suicide and be subtracted from the wallet's balance.

This creates a balance between a number desirable objectives:
1) Spending coins in order to not lose them.
2) Keeping the wallet online in order to support the network.
3) Working against inflation to keep the price high even if people are mining
4) If mining gets harder, the value will increase even more because the amount of coins reduces.

The metaphor would be, if one wallet is able to veto, it is still "alive", but probably suicidal. If it does not reply, it committed suicide so that's what we write into the blockchain.

That's it basically, feedback is welcome.

Quote from: martob on January 16, 2017, 09:46:58 AM

Now for the white papper, the deadline will be the exchange's release, as of now, you are the winner, but please be more expressive, a paragraph may not be enough. I have to finish the wallet first, and then i will be able to turn back to the coin as the wallet is the main feature of the project.

If you have any more questions regarding my proposal, I will be happy to discuss it here or via PM.