Current approach on gdoc
Some possible ideas
these are just ideas, no-one says we need to follow them, but worth discussing.
- put max amount of tokens in (max mining amount), today unlimited
- create the difficulty level in relation to the nr of connected nodes (or some capacity metric), so make pre-agreed formula = more deterministic
- protection for too high speculation by putting formula in which auto creates tokens when value goes up too quickly and re-distribute to existing farmers as motivation to sell existing tokens
- don’t take pricing into consideration for token generation amount, amount of tokens farmed is in line with with capacity already available, have more predictable and easier formula to calculate amount of tokens generated = really do like a proof of IT capacity (rather than proof of work)
- e.g. work with chance, each farmer has X amount of chance per unit amount of capacity to win the generation of 1 TFT, is more in line with bitcoin. Chance becomes more difficult as there are already more tokens generated (closer to maximum)
we are having more meetings to open up the brainstorm.
We can make changes now, will become much more difficult in future.
If we do a change then it needs to be good for all existing farmers.