Idea for Hive Engine: Combine tribes with CDs,
*working title for this algorithm: "Social Crypto"
Imagine HIVE, LASSECASH and HEX combined
Basically its making the staking version of a token a CD, based on the ideas of a CD on HEX.
So lets get started.
Instead of having LASSECASH POWER forinstance in the current form, LASSECASH POWER will be a certificate of deposit (CD) combined with POWER.
So first of all when you stake you decide on a length of that stake. When you unstake you still get a payout every x. day like now. The longer you stake and (like now) the more you stake the more power your vote on the platform.
Tribeleaders can set their own parameters. In order to compete for making the best implementation of this system.
So it is basically slapping the ideas of HEX onto the POWER system of tribes (which comes from STEEM/HIVE).
HEX is the best performing cryptocurency in 2020, so Richard Heart really proven the idea of CDs on the blockchain, my idea is to utilize this powerful idea and combine with social media, specifically Hive tribes made by Hive Engine.
The advantages of Hive Engine, I have found is many. One is the ability to develop new products very fast and cost efficient compared to products that are 100% on the blockchain like for instance HEX. HEX took 2 years to build, I guess that Hive Engine can build my ideas in 2-6 months if they choose to do it, and provide it to all tribes to compete for best implementation.
@aggroed is very good at setting a fair price of their products, but I imagine that they could price this a bit higher for initial costs and maybe combine with 1-5% of “origin address”.
This idea is a monster idea, which I think could boost significantly one or more tribes in value and utility. Basically building the best crypto in a fast and cost efficient way.
I have more specifically ideas within this "over-all" idea, that I am willing to provide to the team free of charge if the team choose to work on and implement this idea. In other words I can work with the team for free to make this real, providing specific design ideas and testing.
Lasse Ehlers
PS: If we do this, combining proof of brain and CDs on the blockchain (ala HEX) then we probably need a new word for it: "Social Crypto"?
The derivatives/clones of HEX on ethereum so far are not doing so well (looked at WISE recently). I would wait until after HEX's launch phase completion (big pay day) and see how the economic gamification works out. Then take a crack at making an improved version. HE would be a great platform for it too.
Thanks for your comment, but this idea is beyond HEX. "Social Crypto" and could potentially steal the market away from HEX, its possible, but very hard to do.
Now checking it against my database of known compromised or unsafe domains.. you'll see another reply if it's in there. If not, it's likely safe to open.
More info on this service here. For more information about risks involved in shortened URLs, read this article by Forbes..
This auto-reply is self-voted to be more visible among others. {average of post/comments with Shortened links I found per hour: n/a}. This auto-reply (on posts) is throttled 1/10 to reduce spam but if it still bothers you reply "OFF FURL" - (I'll still check previews against my database)
This is an awesome safety tool.
Thanks! =]
What a great idea you are in this area of blockchain, I am very proud of you Mr. @lasseehlers
Good luck
This is the beginning of my use of the Lassecash tribe. Thanks to Botefarm. Great to see the development here and reading your thoughts on CD seems to be mu first. I'll love to a have a lengthy of Richard Heart's postulations. A link would do.
I love everything on Hive's second layer and LASSECASH maybe my next addition.
Sound interesting, but seems a bit complex