Post
Topic
Board Announcements (Altcoins)
Re: [ANN] CommunityCoin (COMM) | Pure PoS | Original COMM MultiPools Coming Soon
by
NorrisK
on 09/06/2014, 15:39:12 UTC
I would like to share an idea of future coin development.

Here is my proposal: add a feature to wallet to lock coins for a long period of time. Call it Proof Of Long Hold/Stake for example and offer slightly increased interest rate.

The idea:

1. User send special amount of coins to special address in his wallet.
2. After a months he will receive his special amount + extended reward.
3. Coins unspendable during this period.

Just like proof of burn, but coins always back after a long period of time + reward.

Or just a special kind of staking when coins locked for a long period (2 weeks or 1 month). So coins are unspendable and can not be dumped hard. Such blocks can require 10K confirmations for example to make sure that coins are unspendable.

Dev, do you like it?

I like it Smiley