RE: Without Basic Income, the 21st Century Labor Market is a Game of Musical Chairs Over Hot Coals
Well, that's what I'm shooting for when final coin will be complete. Imposing some restrictions on the mining power each wallet can dedicate to the network, means it will never become so competitive, mining will be available straight from the wallet(1 click enable).
It also means it will be a true democracy. There can never be a 51% attack, since every miner will have the same mining power.
As a token, it already gains interest of 0.5% / month without any interaction from the user, other than registration. After the first ICO, if I raise enough to secure a full node on Waves, any ViC holder registered will also receive Waves in addition to ViC, and interests might be paid twice a month.
Since there will only be 84 mil coins, I still have to work out some details after the coin is life and not just a token.
The way I see it now, it will offer two sources of income when fully developed :
- everybody can mine. Easy. All dedicate same power
- register wallet and transfer some ViC to a Waves wallet, and you also get a % paid in WAV.
It's a complex problem, and I'm still placing pieces of the puzzle as I go along, but I'm confident that my vision is fair and my intentions are good, so it will eventually catch on.
Any help is welcome, 100.000 ViC saved for bounties still intact. I welcome suggestions.