hahahahaha.  that is sooooo true.

this thread should be called "heros" thread

The first is a very good question - if the bidding is done in local currency, it cannot be via transactions (since they'd need consensus themselves) but some other method. I'm open to ideas on this.

Not quite sure what you're asking in the 2nd question. For coin distribution, you could either have share-drop on bitcoin, ICO, or separate the block reward out of the main consensus and have it (the block reward only) be POW based.

Can you explain this a little more detailed.I don't see the point.

I'm not really a fan of burning coins itself within a currency where you get a reduction of currency supply in the form of fees being destroyed because it should be where as much of the money supply is as active as possible and to reduce that active supply you would get less strength of the network as people forget about Coins they have or lose keys over time. What I was talking about before is that in different Coins the Fees can either be added to the next Block (like BlackCoin), or are destroyed and reduces the money supply (as in PeerCoin).

I would like to figure out a good way in which there is a type of constant redemption of balances where you reset the Blockchain so the idea is where a snapshot is taken automatically and the balances are parsed into the first Block in the new chain so you don't need the data left over from the old chain so that you could infinitely keep the chain within a certain data size.

But to decrease money supply and scarcity there is also reduction in volume and trade, exchanges need volume and trade in order to keep Coins listed so if you are losing money on every trade then you won't trade, exchanges have less volume, less distribution of the money supply, less nodes and consensus. IMO Proof of Burn is not as popular as higher inflation because in higher inflation Coins people will sell excess coins for profit and retain most of their Coins once they reach ROI so you get wider and wider distribution over time.

You're assuming that price remains fixed. A reduction in supply tends to increase price - take a look at 42, for instance: 42 total supply, coin value: 3.4 BTC coin.

https://www.cryptsy.com/markets/view/42_BTC

Inflation reduces the value of coins overall, because it increases supply... In essence what assume is the case is completely backwards from reality

There are no functional proof of burn coins that I'm aware of, which is why I'm interested in exploring how it would work.

This is just another shameless plug for craptsy and one or more of it's inhouse crapclones.

The 42 coin supply is much higher and is unlimited. This was hardcoded and has not been fixed even though this thread claims that it has.

https://bt.irlbtc.com/view/444775.0

i was more leaning towards

Bitcoin 2.0: the Quest for More Fiat 

It is a  very long name to any exchange.    HOWaHANDFULofEARLYadoptersANDshitclonersFUCKEDtheCRYPTOmovementCOIN BTC