HyperLoan, a wallet feature to make protected loans:
Replace potencially risky and nonproductive faucets,givaways, and old fashion (risky) loans, all probably inherited from capitalism as patches to attempt egalitarianism, by basic protected loan transactions (loan contract + cash in exchange of some work), a new posibility emerging directly from cryptocurrency technology where property control is never fully given, the owner of the money never lose ownership.
Loan transactions are only usable for staking purposes, and their ammount remain blocked (by network) on third party wallets prohibiting any other kind of use (sending it) while contract is active. By contract the borrower earns a custom fee after succesfully using that loan as a stake, and once the contract is over, the loan ammount plus the sustancial gain returns to the loaner. (technically a trigger based on time and proffit ammount).
Loaner always remain as the owner of the loan, he has control. Borrower just remain being owner of a temporal staking potencial that worth investment. No hall of shame needed, no one can steal the loans, money remain network-blocked and returns in case of contract violation and maybe also at loaner's will.
Protected Loan is a basic technology that opens endless posibilities. May be implemented based on Multisend and Trigger technologies: loan(borrower_address, ammount, expire_date, gain_limit, [return_address1,return_fee1]...[return_addressN,return_feeN])
Protected Loans may have multiple implementations, but what must be taken care of is incentivating the new/poor holder. For example by implementing a AutoAcceptLoanProposals feature turned on, forcing wallets to be 24/7 online, we can encourage people to stand by onlinenely in order to catch new loan contracts otherwise they can expire to grant some confidency to loaners wanting their money to work for them as much time as possible. I thought on this because of Matylda, the tip bot. I started staking being unable of depositing money because of a tricky bitcoin service that retain my stake-intended money for days and because I have not much money at all, so I used ##HyperStake IRC channel to earn my very first coins and knowledge. I'ts a bit sad but is fair. All what the new ones can offer to the coin is participation, involvement, time, work. I'll talk about this important point soon on the text.
Protective measures should be taken care of, such as refusing manually or automatically to sign (agree) Loan contract requests to prevent some kind of economical attacks or invasive loans agains borrowers.
This is an interesting idea. Would require forking the coin and some well thought out code. Possible to borrow and modify the cold storage staking that will be released on PPC in the near future.
Renting the staking potencial:
Think about this 2 patches I propose here:
Protected Loan Contracts plus locohammerhead's idea of degrading interest rate according to balance. An inmediate posibility derived from this two feature proposal appears: Renting the staking potencial.
Rich people in order to increase unlimitedly their wealth can be wisely pushed (via degrading interest rate, limited staking potencial), in exchange of a minimal fee (rent fee), to help poor/new people do their first stakes using their fresh new network participation (high staking potencial) as a stake investment protected natively by the network (protected loans).
In other words, in order to became much richier by staking, rich people could just securely rent poor wallets at a low fee to keep making profit at high interest rates, otherwise their stakes lose profitability.
But if you are rich or plan to be it you shouldn't be worried because there are several ways to guarrantee you will keep earning money at high interest rates, maybe not as purely as current staking posibilities but almost at the same rate while protecting the coin: HyperPools, redefined.
There is no way to categorize people by wealth. One person != one address. I have most of my holding in two addresses, but could split between 5,000 addresses if I really wanted to in order to avoid this type of wealth discrimination.
HyperPools, redefined:
Direct loan from A wallet to B wallet is the atom, the native implementation, I think we can be pioneers on this. But for rich getting richier to administrate many direct loans will not be posible, or helpfull, so there is where appears a new financial entity, the molecule: HyperPools, a huge borrower entity in a form of a pool of trustable re-borrowers.
To protect loaners from bad (non profitable) borrowers, financial entities namely HyperPools, should appear as pools filtering bad from well behaving borrowers with nice staking records. (masive loaning administrated by a financial entitiy).
Also, a centralized (or maybe not, I preffer allways not towards equality of posibilities and coin confidence) borrower index embeded on wallet would be the perfect implementation to automate the process of finding good borrowers while keeping the posibility of rich to do solo-staking without sending money to other entities/servicies.
Incentive to gain visivility:
All new users join high-POS cryptocurrencies willing to stake. All of them can't stake because of the logicall empty startup and new inversion distrust. While this was fair and logical it's neither productive, educational or marketing-positive. Most services offer trials to new users in order to let them taste the product before buying.
Incentive at zero cost as visibility strategy campaign, that only demands joining to the network and participating (wallets unlocked for stake ) in exchange of profit, educational experience and network grow it's what I propose. Educational staking experience at zero risk for new holders, children, and even real poor people using fiat currencies. (
HyperIdeology)
Equalitarian redistribution of posibilities:
Shortening the gap between rich and poor in a moral and communitarian way not limitting the rich capacity to became richier. [equalitarian redistribution of profit posibilities] (
HyperIdeology)
Out of the box incentive:
Expands the network exponentially via incentive, at zero risk for joining. Viraly increasing currency holders with incentives provided nearly out of the box (solo loaning or masive loaning administrated by a financial entitiy).
Redefining Entities:
Redefining central financial entities functions and demonopolizing them to provide a more confident/autonomous network. If we want a To the moon and much beyond network, it's health must relay mostly over the code, not over the good will of our community. (
HyperShield)
Volume allocation redistribution:
Redistribution of currency volume across the network to prevent few wallets holding majority of the volume will be a possible because degrading stake interest rate of rich people, pushes them to continue staking but now on 3rd party wallets (because lack of staking potencial reached) using the protected loan system. If we want a To the moon and much beyond network, it's health should relay mostly over the code posibilities, not over the good will of the community. (
HyperShield)
This would have to be something voluntary. To force redistribution would probably kill the coin, and goes against the very principal of crypto-currency, where you have ultimate and undisturbed control over your holdings.
Obviously I am the largest holder. I have attained a lot of my holdings by staking, but also grabbed a lot of coins off the market. I have purchased over 100k in the last week. Should I be penalized for that? I don't think so. But I do enjoy voluntarily sharing my coins (mostly through tipbot rain) and am open to new voluntary ways to share coins.
Community awareness driven by entities as last resort:
Posibility of alt-powered staking for richs in order to bypass limited staking potencial per wallet/address may occur (at a consecuent hardware/complexity cost) without giving the network a fair chance of prosperity/protection. As an attempt on avoiding this selfish behaviour, financial entities providing high profit without loaning to third party wallets may appear, and in that case they can give loans to poor people independently of the client decission , in order to restore some health. Community awareness on entitie's hands. (
HyperShield)
Make sure you aren't mixed up. There is no limit for staking per wallet. The stake limit is
per stake, not per wallet.
Rich affecting the poor has been talked, also poor massibly refussing loan contracts in some sort of revolt may took place(oh what a crazy future), in that case they will stake by their own means, as current system works, and became affected with less gain, lose of incentive, lose confidence at loaners eyes while rich ones may subsist as clients of multi alt powerered staking entities, once again community awareness on entitie's hands would be necesary to gain some health.[/color]
Overall I like a lot of your ideas, and the thought behind them. My opinion is that we should try to keep the coin as close to the original design as possible, only adding new code to fork the coin where we absolutely need to. I am all about voluntary actions rather than forced actions that are enforced through the network (which is actually a nightmare to code too).
