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RE: A Token For Runners, Powered By PoR (Proof of Run)
You could make a bridge between popular tracking sites (Strava, Runkeeper, Garmin Connect, Suunto, ...) and Steem blockchain.
Then you would simply share your workout to runcoin aware app that would write your Proof of Run to the blockchain.
@dragosroua - am I dreaming awake and thinking aloud? :)
Nope, that's my path of thinking too.
I thought so :)
Basically it would be a share to Steem plugin, addon, app, whatever ... With some added goodies like Runcoin distribution. Or even Runcoin as a SMT, possibly?
RUNCOIN as a SMT would be probably the best way to go. Still not sure about how the tech would work, though, so the liquidity plugin should be agnostic, capable of working out of the box with Bitshares, SMT, even Ethereum, if need will be.
Yes, exactly.
The biggest issue I see with ERC20 tokens is that they piggyback on Ethereum blockchain and thus inherit the gas / transaction fees and congest the network.
Imagine some ICO ERC20 token for electricity distribution or tickets sale really start making traffic on the network. The rest of the transactions can go to sleep, basic eth payouts included :)
ERC20 concept has not taken the real life test - yet.
I don't know how will it be with SMT. Didn't read anything about it till now...
Steem blockchain with Proof of Stake, no fee and regular blocks is much more suitable for sidechains or whatever you call them.