Post
Topic
Board Bitcoin Discussion
Re: Annual 10% bitcoin dividends if mining were Proof-of-Stake
by
SlipperySlope
on 25/04/2014, 10:00:48 UTC
cough cough....PeerCoin
I will be examining PPC, NXT and whitepapers for ideas that I can implement in such a way as the result can be called Bitcoin. The difference would be the absence of wasteful Proof-of-Work, and the presence of mining rewards distributed to full nodes in proportion to the amount of bitcoin each is willing to expose to the network. Coin age is a good starting point.

I should leave alone the coinbase transaction whose output sends the reward to a single recipient and depend upon an envisioned reference peer-to-peer pool or other pool to fairly distribute daily dividends to pool members.