Post
Topic
Board Announcements (Altcoins)
Re: [ANN][AID] AidBit | Digital-currency redefined | POW/POS | Groestl | Charity
by
HR
on 01/08/2014, 18:21:32 UTC
So I was in the shower and came up with an idea that could help both the wallet woes and give the devs time to rethink the POS issues. Its kinda funny how running water can have such heavy influences on our awareness. I was think instead of implimenting POS into the current payouts we could instead make the POS for early adopters more like a certificate of deposit(CD). In other words allow users to choose how much they want to put into a savings account in the wallet that is not spendable unitl it has matured to a specific date. Allow users to specify between different amounts of time like 2yr 3 yr and 4yr. This way the devs could have time to figure out how to payout the 20% interest on these accounts over tim for at least 2 years, The users get to keep mining groestl pow and making aidbit..and the best point of all...This would be even more assurance that those with CDs would hold aidbit and not dump it for at least 2 yrs. IMO this would be highly lucrative for early adopters and also an added bonus for late adopters to keep adoption going. It would also encourage more buy orders than sell orders increasing aidbits liquidity.

I really like this idea too. Very interesting. I'm not sure how it would be implemented (but, hey, that's not my job Wink ) but I'm sure it can be done in some shape or form. Maybe not exactly as you have conceived it, but perhaps something simiiar. Great idea for motivating people to think long[er] term!

I also had a 'bright' idea (but I don't remember if I was in the shower or not Wink ), and mine was about the charity side of things. The phrase "give a man a fish and you feed him for a day; teach a man to fish and you feed him for a lifetime" came to mind, and I thought, hey, if we could link AidBit charity to information technology, wouldn't that be great? Supporting community centers in underdeveloped areas (1st world, 2nd world, 3rd world, whatever and wherever) with IT infrastructure (computers?) and internet conectivity (and of course, AidBit wallet installs) would be an example that would be incredibly charitable and symbiotic at the same time. It would sure beat giving away paper wallets anyway!