Quote from: superresistant on April 17, 2014, 03:27:27 PM

This would solve the distribution problem of PoS crypto.

And it would solve it in a way where deployment of stake feeds back to the infrastructure Bitcoin lives on. Or to put it other words from a private discussion I've had:

Quote

... Problem with the PoW schemes is that it creates solely a self-referential scarcity. Meaning, that only if you act within the boundary of the one blockchain, competition for finding nonces is scarce. It does not tie into the scarcity on which cryptocurrencies really depend to begin with. Namely resilient P2P connectivity. This is what proof of location + proof of connectivity does. Regarding the IP abundance. Yes, IP addresses are not scarce, hence they are not suitable to base incentives on. The whole game is IP connectivity + location and the anti sybil attack methods ...

By now, there was no theoretical argument which discards the proposed protocol. If issues under footnotes 4) 5) and 7) are addressed, it can be practical as well. What we'd need is further discussion from guys with hardcore implementation knowledge for sure. Probably this should go into the technical board, OP/Mod?