10 ms·
I think you are underestimating the size of the market. Seems like there's demand for every flavor of alt-coin: gimmickyCoin, mediocreCoin, memeCoin, yetAnother
by kylebrown 12y ago
I think you are underestimating the size of the market. Seems like there's demand for every flavor of alt-coin: gimmickyCoin, mediocreCoin, memeCoin, yetAnotherCoin, every single one gets 15 minutes or more.
Try looking at it from the miners' perspective. The pitch isn't "buy our coin, and use this guide to help yourself install the dependencies needed to run our beta software." Instead, its "get paid coins, all you have to do is leave the relayCoin bandwidth-miner running while you sleep."
In the future, proof-of-bandwidth / proof-of-relay "coin" incentives on next-gen layer 3 protocols will bootstrap the transition to a global, p2p wireless mesh network (wireless at the edges and sparse areas, the big pipes and backhauls will still be fiber). It will look something like "leave this wifiMeshCoin nodeBox attached to your cable modem. It will open an unlocked wifi hotspot for anyone nearby. some people will get free access through a metered guest connection, and you might earn a little coin. But if you get lucky and your nodeBox can form a bridge connection to somebody else's nodeBox at a different ISP, that bridge relay will earn a lot of coin. Another option is to invest $2k to get a 4G/5G cellular micro-tower from NextGen Labs, one of those could earn you $500/mo in relayPower if there are enough unlocked CDMA phones in your area. You can resell the unlocked phones as well."
- tribaal 12y agoAh, thanks for explaining this to me this way. It's still going to be a challenge, but that makes a more manageable one :)
- chatmasta 12y agoWe have the same vision for the future of ISP's. If you're interested in chatting about this definitely get in touch.
- atmosx 12y agoWOW. I would like to see an extensive post describing in detail the ways bitcoin protocol can evolve. Sounds a very promising future.
- jayshahtx 12y agoInteresting idea, but wasn't able to find much literature on this on the internet. Are all the proper nouns used in your post hypothetical? Apologize if I missed a clear hypothetical...
- kylebrown 12y agoYes, its a hypothetical future. Yourkarma.com is a real-world company (centralized, not p2p) of today that is sort of on the same path.