This is a great idea arriving precisely at the right time.
I don't understand the part about the un-mined bitcoins. If there is never to be any further mining how would those coins ever come into existence?
RE: Doc Brown's Big Heroic Audacious Goals for Bitcoin
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Doc Brown's Big Heroic Audacious Goals for Bitcoin
Subject to how the BitShares community ultimately chooses to implement it, the unmined coins might be placed into a blockchain managed escrow similar to the existing BitShares reserve pool to be released gradually to accomplish humanitarian objectives chosen by participants in the Billion Hero Campaign. By default, they create a second fund in the billion-hero-prize account, also to be driven up to $1B in value by the activities of the game. So we'll have two reasons to play to generate two billion dollar prizes for humanitarian causes. Better than using them to buy electricity and unneeded mining, no?
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Yes any day. Somebody got to calculate how many daily bitcoin mining energy wasting human survival equivalent in food supply would roughly be.
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I think that it'd be better to just not issue these potential coins, so as for the alternative BTC chains to be inflationary compared to BTCX.
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I agree it would be better than mining the coins. I just liked the idea better when it was less complicated -- a simple share-drop according to the snapshot of bitcoin holdings.
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