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RE: POCKET Announcement
A couple other notes:
- Perhaps the fee should be a percentage instead of flat. With the current fee structure outlined, these coins can really be 100% used up, which isn't a good property.
- Block mining algorithm isn't fair to miners. Witnesses have a distinct advantage as they know what's in the blocks first. If core-witnesses start running this application they will have an undisruptable oligopoly and there will be no incentive for anyone to run the blockchain.
- Distribution algorithm isn't fair, see Sybil attacks. I understand what you were going for. Everybody is equal, a fresh start, no whales. But in practice that's not going to happen. The noganoos and ubgs of the world are going to Sybil attack this coin to get as much as they initially can and in the process devalue everyone else's coins.
- comment-based tipping is still very possible. I would suggest a system where to bulk of coins is stored in a savings account and segments can be put into a tipping-account which can be spent with posting keys. To move funds out of the savings account requires active key permissions.
- Please make sure
comment_options
operation is considered valid in validators.py, otherwise this will not work with Chainbb or Busy as you've described.
comment
operations before the creation of the genesis post. Crude, I know - but perhaps not totally ineffective. We'll see.comment
andcomment_options
are two separate operations, yes? Thecomment_options
op will simply be ignored by the pocket protocol, which is fine - it's thecomment
operation that contains the command of interest.Again, thanks for the comments.
Point 2 brings up a couple very important things which I thought about informally, and I'd want to include in future iterations of this. I'll contact you if I get that far.
Really great points and questions. POCKET is already being refined.
I may be wrong but this seems like more of a social experiment than anything. To see what people do with it. Because regardless of if the coin becomes "valuable" the applications of which POCKET can be used are still vast.....
The experiment has already begun and look we have qualified intelligent people already discussing and refining the potential!
So cool!