Quote from: olsn on February 10, 2014, 08:39:58 AM

But wouldn't that be a centralized system? Like one huge single mining-pool controlled by one person (or a very few)?

Yes it would need to be centralised, as dividend payments would need to be handled by us, (unless someone has a good idea of how we could get dividends to be handled by a trusted third party instead?)...

We would also need to sell the the majority of the coins ourselves, as the income from these sales is what would allow further investment into the mining network beyond the minimum level that we guarantee at the launch of the coin.

The main benefit for users over something like cex.io is that the buying and selling of the coins doesn't have to be through a centralised exchange. People could trade these coins anywhere and in any way they wish P2P once they own them.

Another benefit of this new coin is that when you buy 1 GHz on cex.io for example you get only 1 GHz, and you know that the value in terms of mining revenue from that 1 GHz will only ever go down as difficulty increases. With our coin you know the minimum level of hashing power it is backed by with at the time of purchase, but this will increase in the future.

You can then calculate the ROI on each coin yourself depending on the price you are paying, and determine if the amount of backing offered is enough to make you want to buy the coin... Although here you will also have to look at the history of how the hashing power has increased over time and take that into your calculation when determining if you will get a good ROI.

The main idea is that whilst the currency is gaining traction and more and more users invest you will also be paid a dividend for your investment risk. With all the other Altcoins you are only investing with the hope that the price will rise based on more people buying into it, until it gets enough traction to actually become a useable currency like Bitcoin.

With this new currency there is a second incentive to hold on to it. The dividend payment generated from mining.

Even if it "fails" in the sense that it never gains enough traction to become usable as a normal payment method, you might still get a decent ROI over time.

So what do you think?