This will not work. There is no mechanism to assure that people posting in the thread are NEW users and not existing users gaming the system. I like the idea, but it needs more thought before advertising to the whole forum.
Indeed. The more I think about Grants, the more I realize they are a bad idea and like socialism. The people who want some work done, should pay for it out their own money, not jockeying for position to control the awarding of 1/20 of the debasement.
Some Iron Laws of Political Economics:
http://esr.ibiblio.org/?p=984So let's see MemoryCoin:
1. Got the Scrypt wrong and can still be supermined by GPUs
2. Introduced socialism into the debasement
3. Got the level of the eternal debasement wrong, since 1790 the nominal GDP grows at 5% not 2%.
4. Afaik, has made no advances on improved anonymity
5. Afaik, has not improved blockchain scaling (Bitcoin can't scale to even 1/10 of Visa scale).
6. Didn't improve the speed of approval of transactions (10 mins in Bitcoin, also Litecoin if you want same confidence)
7. Afaik, no mandatory transaction fees to eliminate spamming of transactions (sending from self-to-self at no cost).
8. etc.
Yawn.