I think Proof of Activity Sounds like a Good General New Protocol.

There is a Pitfall to be avoided, but we can get to that Now. There have been Tokens made on the Blockchain that made it where, I am not sure on the Math but to make it simple let's say the way it Worked (and this is how it Worked, I am just not sure on the Math) it Released 1 Token Every Time someone did some Specific Action. This seems Fair at First because anyone can come in and get one.

But they found that People could make Several Accounts and be Performing the Action Several Times, and this isn't much Different than ASICs Taking Over Blockchains, but it didn't Work for the Tokenomics. It Quickly became Unfair. Or a 51% Takeover.

51% Takeover used to be a Death Sentence, even if the Token or Coin Maker was the 51% Holder. That is, until Steemit, where they Promised to use the 51%+ that they Held to Fund New Accounts and Community Development. Since then there have been many Projects where the Creators Hold 51%+ and it has been more Accepted than it was before.

But the Point being, Increasing the Rewards Pool to meet Demand does not Work for Mining.

When Mining and doing Proof of Activity, it should be like Proof of Stake. Each Activity should count as like 1 Stake, they are called "Vests" in Steemit Language, and we could use that Word. Each Activity constitutes Vestment, Vests we could say, and the Rewards Pool does not become Larger. Instead, the Coins become more and more Rare.

This is what Bitcoin Mining Calls "Difficulty". As more and more People Mine, the Difficulty goes up, and where You used to be able to Mine with a Laptop, now the Difficulty has gone up, and You need a Mining Farm to do the same Thing a Laptop used to do. Just because there are so many more People with more "Vests", or "Hashrate" in Bitcoin Mining Language. The Vests and Hashrate are Similar.

In Proof of Stake, the Hashrate comes from the Vested/Staked Currency, so they are exactly Correlated. If we just use Proof of Stake as our Standard, then we can make this all Very Simple.

I am making a Proof of Burn Token. So the Burn will be a kind of Vest, or a Share, a Hashrate, once Burned the Hashrate will go to the Wallet that Burned the Token. And the Rewards Pool will not Grow. But instead, that Person gets a Hashrate, and it makes it Harder for Everyone else. The Difficulty goes up.

Lol

I was Scouring the Internet looking for Minable ERC20 Token Information, and there came up a very informational Article, it might have been Documentation somewhere, I wasn't Paying Attention to the Page it was on, it could have looked like a Wiki, I don't Remember. But it had 3 Types of Mining Listed, and "Proof of Activity" was there with the Other 2, and they were all Hyperlinked. And it took me to this Thread. I was Surprised to find that it existed and that it got so into the Subject of such a General Proof of- that could be used for Minable Tokens.

I was around for Proof of Solar, and when Peercoin Started Proof of Stake, I remember all of that, there was supposed to be Proof of Identity Chains where You would get Paid for Logging in with Your Government ID, and it would be however many Times a Day or whatever like Mining Blocks to Keep the Blockchain Moving.

But Proof of Activity, that is a Great General New Concept, and it is 10 Years Old, but I would say it is still New. Just like I thought that Minable ERC20 Tokens I had heard of would still be around, they are all kind of defunct because they met that Pitfall that I Talked about in the Post that Revived this Thread.

I just see it as Worth Discussing Now. We could Call the HIVE-Engine Smart Media Tokens, "Proof of Activity". This is Definitely going to be where Currencies head. Because this also then Covers like Basic Attention Token (BAT), which I think was Part of the Brave Browser it was maybe Called. And People would get Paid for using that Internet Browser.

And just me knowing all of this, and being in the Middle of Creating a Minable Token that Works by being Burned and that Creates a Hashrate, I thought I would Add to the Concept and maybe we could get Everyone thinking. Because these are the Important Discussions. More Features IN WALLET, which is kind of Ruled by Token Wallets Right now, Creating Tokenomic Wallets are the kind of Cutting Edge Tech, that being CoinBase Wallet, Trust Wallet, MetaMask, KeyChain and TronLink. This is the most FUNCTIONAL WALLETS IN EXISTENCE. It used to either be like Bitcoin where there was just kind of a Send Function in the Wallet, to Proof of Stake where You could Mine Directly in the Wallet and at the same Time People Created Point and Click Mining in Different ways, that was also when Butterfly Labs was making the First ASICs for Bitcoin Mining and You could still Mine with a Laptop, I think each Bitcoin was $25 instead of $65,000. But the Wallet Functionality Discussion, and the "Proof of-" Discussions are the most important we can have.

Security is Probably Next, but it gets a big Chunk of the Conversation, so maybe some of the Security Features Community could even Benefit Financially from Thinking this way.

We used to Talk about Solar Mining and Living on Boats in the Ocean, and 3D Printing Things to Live on in the Ocean, being Platforms, and all kinds of Crazy Designs that now AI could be used to Generate. We used to Talk about Creating a Town Called Bitcoin Town, and it seems that somehow Cryptocurrency is becoming almost Childish, almost like it is Reverting Psychologically to a Childhood Tool, and Children should Learn to use it, but Everyone else needs to know how to use it to, or else they are going to be behind when all the Kids come and they are just waiting to Read my Words and that is all they need to get to the Next Solar System. Because we used to Talk about that too, Colonizing Space. In the like 50s they Started Calling it "The Last Fronteir" just imagine that (and they did) they had that kind of forethought, that it would be a Frontier.