Post
Topic
Board Announcements (Altcoins)
Re: eUtopium ∞ [UPM] Food For Thought: Fairness & Stability in Perpetuity. Possible?
by
adamandeve
on 07/08/2014, 18:07:55 UTC
Back to business.. Thoughts?


UPM Announcement
eUtopium eUniversity - Money - Education - Lifelong Learning - AVE - eUtopium Education Fund - Contest
Read Full: https://twitter.com/eUtopium/status/496419187322269696

Cryptocurrency Economics & Ecosystems: A UPM-funded Contest

To commemorate the launch of the eUEF, UPM will be hosting a contest where anyone and everyone can take part. 10% of the fund, i.e. 1000 UPMs will be utilized for this first project, put up for grabs for all who partake in this contest. In an effort to expand our Utopian library of knowledge, we would like to take this opportunity to acquire our very first Bitcoin and cryptocurrency related whitepapers from the eUtopium community!

In exchange for your value and work done, the top 3 papers selected by the UPM team will receive a total of 333 UPM each. To take part in this contest, simply write an (academic) paper with a maximum of 6 pages, answering one or a mixture of a few of the research questions brought up below.

Research Questions
  • What are the core principles of a cryptocurrency? Based on Satoshi’s paper, and considering the current landscape of the bit/altcoin ecosystems as whole.
  • Who are the stakeholders involved in any cryptocurrency?
  • What are the biggest barriers to entry for current non-adopters of cryptocurrency?
  • In your opinion, what are the most innovative features in crypto that currently exist?
  • What factors affect the success of a cryptocurrency? What makes an altcoin popular?
  • What is the end goal / are the next steps for cryptocurrency? Satoshi started an era decentralization, but what’s next? The Internet brought knowledge & information, Bitcoin brought money & financial freedom, what’s next?
  • What should the community do to increase crypto adoption among mainstream users?

Rules
I have none but three rules for you:
  • Begin your paper with: “I am…”.
  • End the same sentence/paragraph with “...on this earth.”
  • Refer to people as “humans”.

After completing your paper, submit them through the AVE service on our website, and wait for an admin to get back to you. When submitting your paper for this contest, please add “eUEF” to the front of your paper name.

All papers submitted may be added into the eUtopium educational repository, our ever-expanding library of knowledge and truth. If added, you will receive 10 UPMs per page in value exchange, as per the AVE service. However, not all papers added will receive a part of the prize pool.

The contest starts today, and ends 6 days from now, on the 10th of August, 2014. All papers must be submitted before then to qualify for a potential payout from the prize pool. All papers submitted before this announcement also qualify. Find all uploaded papers here.


Dear UPM community,

What features & technical developments would you like to see in the UPM code/wallet?


Curious,
Adam


how about some research on sidechains or treechains?


Perhaps the AVE service could collect some research and perceptions regarding that topic.

But how can we implement that into the UPM code/wallet?


eUtopium ∞ [UPM] Food For Thought: Fairness & Stability in Perpetuity. Possible?

Proof-of-Fairness is working out well for all investors involved thus far. But do not be complacent, for we have only been alive for 4 days.



One of the biggest problems that altcoins face, as i have come to understand thus far, is the problem of "pumps and dumps". How is it possible for an altcoin to avoid being victim to an accelerated pump and dump which leaves the not-so-smart investors at big losses? It may not be their fault, or ours, but does it even need to happen? Although we have shown that a fair & profitable ico distribution that caters to all parties involved is possible, and that stability in a coin can be achieved in the short term, it is unfortunately also highly unlikely for an altcoin's price to increase forever, and remain stable in perpetuity.

Sure, there will be dramatic ups & downs in the charts in the future, but what does it really mean for an altcoin to be stable? What does a pump & dump really mean? How can stability be achieved in the volatility of altcoins?

Is it possible for an altcoin to achieve stability & fairness in perpetuity? If so, how? And how can we learn from that to make UPM an even better altcoin?

Please share your thoughts, for I have shared mine.