Quote from: fayoling on November 04, 2014, 04:27:50 AM

Quote from: tx42 on November 04, 2014, 03:48:28 AM

Quote from: fayoling on November 03, 2014, 11:21:33 PM

Quote from: tx42 on November 03, 2014, 08:24:47 PM

Quote from: fayoling on November 03, 2014, 04:44:02 AM

Cryptzo, good stuff man. Can't wait to hear more about this wallet BETA release. pm me your address I'll send you 50,000 SEED to put towards contests.

I've also talked to a bunch of people, and the general consensus with the elder tree/top wallet, is that it needs to be trimmed as it is far too large for new investors etc... Even with the seeds falling weekly.

So I think we are going to permanently dedicate 300,000 SEEDs as the elder tree. I will send them to you, and you can throw away the key.

Thoughts?

It's better to burn them than trust someone to throw away the key.

Just send them to this address: sXXXXXXXXXXXXXXXXXXXXXXXXXXXVpr7nX

Once they go there they will never come back.

Can't burn them as they still need to stake in order to continue the weekly distribution. I think the permanent faucet aspect is too good to just burn. I mean, you can buy and start staking 1 Seed today, and by Sunday, you could have 30+ in your wallet.

Okay. I misunderstood what you meant by "throw away the key".

But if you guys want to get cryptographic, decentralized, and automated instead of non-cryptographic, centralized, and manual, I have an idea.

Create a burn address that is hardcoded into the wallet. Something like sXXXXXXXseedcoinfaucetXXXXXXTBEEoq. Then have the blockchain pick a new address randomly from all known to the chain and give seed to it proportional to the addresses's age in the block chain. The blockchain could distribute proportional to the amount in the faucet.

Since seed is pure PoS, the 0 transaction slot of each block is free for this new kind of coinbase.

It would be a first of a kind. Barabaras would call it a gimmick, but it would have the effect of spreading the wealth without relying on a script in someone's computer. Also, it would be completely voluntary.

If that went in, I'd throw a chunk of my holdings at it. By no means 90%, but a nontrivial amount.

"SeedCoin: World's First Decentralized Faucet"

Right on, these are the things I live for

We are for the most part only web devs, so it's awesome that you know how to get this concept into the wallets. I say we make this happen. Cryptzo, you down?

I'm down, but it will take some time as it's something I'd want to test heavily and it would require another hardfork (ugh I know.) so I'd want to have a long lead time before it became active. There's a few other fiddly bits to it but I'm sure I can figure it out.