- Joined
- Jun 22, 2012
- Messages
- 472
Hey there!
Some time ago, I discovered Bitcoin. This instantely looked like an amazing tool to me. But, in my opinion, real and innovative applications are yet to think. I open this thread in order to discuss/develop idea(s) about it and related to the Hive. In case you don't know what is Bitcoin here is a quick explanation :
Bitcoin has several interesting features :
With all that in mind, I'm beginning to think that it could be a great tool to develop/improve the Hive reputation system. One reputation point often seems to be a too small reward depending on the given/received help (complex request, supporting a project, etc...). More concretely, it would be possible to use the referral commissions of some free Bitcoins websites. For example, with freebitco.in you will earn 50% of free bitcoins earned by users that signed up thanks to you.
So let's imagine you want to support a project or reward someone for his precious help. This method could enable to "give" around 5$ per year without doing anything (considering you wanted to use a such website anyway). The same way you gather reputation points, you could gather fractions of bitcoins (today 1 Bitcoin = 993$). Finally, you could invest those fractions of bitcoin in your project, donating for the Hive, rewarding other users, etc...
These are just raw ideas. Maybe there are better websites/apps to do this, or better cryptocurrencies (I heard about Etherum that has also interesting features). What do you think about that guys?
Some time ago, I discovered Bitcoin. This instantely looked like an amazing tool to me. But, in my opinion, real and innovative applications are yet to think. I open this thread in order to discuss/develop idea(s) about it and related to the Hive. In case you don't know what is Bitcoin here is a quick explanation :
"Bitcoin is a cryptocurrency and a payment system invented by an unidentified programmer, or group of programmers, under the name of Satoshi Nakamoto. Bitcoin was introduced on 31 October 2008 to a cryptography mailing list, and released as open-source software in 2009. The identity of Nakamoto remains unknown, though many have claimed to know it. The system is peer-to-peer, and transactions take place between users directly, without an intermediary. These transactions are verified by network nodes and recorded in a public distributed ledger called the blockchain, which uses bitcoin as its unit of account. Since the system works without a central repository or single administrator, the U.S. Treasury categorizes bitcoin as a decentralized virtual currency. Bitcoin is often called the first cryptocurrency, although prior systems existed, and it is more correctly described as the first decentralized digital currency. Bitcoin is the largest of its kind in terms of total market value."
Bitcoin has several interesting features :
- quick (about 10/15 minutes) and low-taxed payments/transfers
- handiness of Bitcoin wallets ("bank account" for Bitcoin)
- currency adapted to the digital world
- possibility to earn free Bitcoins
With all that in mind, I'm beginning to think that it could be a great tool to develop/improve the Hive reputation system. One reputation point often seems to be a too small reward depending on the given/received help (complex request, supporting a project, etc...). More concretely, it would be possible to use the referral commissions of some free Bitcoins websites. For example, with freebitco.in you will earn 50% of free bitcoins earned by users that signed up thanks to you.
So let's imagine you want to support a project or reward someone for his precious help. This method could enable to "give" around 5$ per year without doing anything (considering you wanted to use a such website anyway). The same way you gather reputation points, you could gather fractions of bitcoins (today 1 Bitcoin = 993$). Finally, you could invest those fractions of bitcoin in your project, donating for the Hive, rewarding other users, etc...
These are just raw ideas. Maybe there are better websites/apps to do this, or better cryptocurrencies (I heard about Etherum that has also interesting features). What do you think about that guys?
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