Post
Topic
Re: NobleCoin[NOBL] - **NOBL/$USD@VoS**MARKETPLACE/BULLION**52 CHARITIES/MERCHANTS**
by
jvff
on 02/07/2014, 23:34:04 UTC
Hello,

I just thought of something to add to the brainstorm of additional layers of security. Might be a bad idea, but maybe it can inspire something else?

What if each wallet could "vote" on a range of PoS return rates? Each minted/staked/forged block will result in an interest rate, but what if that rate was dynamic, set by the user on the wallet app? Then, the other nodes of the network can accept or reject the new block, given an also user configured "allowed interest range". This way, even though a user can select its interest rate, it will only be accepted if it's in the range of at least 51% of (stake weighted?) nodes.

With time, the participating users of the network can lower their ranges in order to bring down inflation.

Of course, the problem isn't actually solved, just morphed from a technical problem into a social problem. How would you convince most users to keep acceptable levels of interest?

Anything useful from the idea?

Thanks,

Janito