Next step of safecoin algorithm design

[oetyng]

@dirvine

What would be really nice is a way to have accounts very simple to set up, some kind of credit for storing stuff that is not junk, or perhaps some human provable interactions, like surveys or something. None of these are simple, but its always a thought.

In terms of vaults, it would be brilliant to allow them to just start automatically and earn quickly, I would think this will be possible though, if such vaults were handling lots of client interaction, getting old data that may be missing from the section, or confirming all members have the data they should and so on. I see these actions as value and therefor should be rewarded. So starting a vault that perhaps does not really join, but does a load of work for say 4 hours can earn enough safecoin to create a single account perhaps.

I was actually thinking very similar things when waking up this morning, and pondering interesting things in the bed

With probabilistic issuance of a whole coin, based on work, it’s going to take a long while for a new (and small) vault, to see results. (Well, maybe that part is up for change now?)
Optimal for uptake and gaining popularity, would be that they can join and do work and see results fast.

Maybe if the section would hold a pool from which they pay newcomers, who later return this as they start to earn more. That way we don’t need to involve this special initial case in the safecoin algo, but rather as a part of section joining algo.
Didn’t get past the normal objections of the susceptibility of gaming it and so on though, before going up and filling head with other things.

As I have mentioned before, it might well be that the very initial stage (of a network, or a vault…) needs another tooling,than the later. I think of it as leaving atmosphere. That first part is very different from the very very long travel that then goes on in space. Different conditions, needing different solutions.