osswannabe
Who is this project intended for? I was under the impression that browsers and Adobe products implement their own VG renderers (not client-side JS code provided by websites).
If that's correct, is this project trying to build a format that's better than SVG and parseable out-of-the-box by those renderers?
Or is it trying to get browsers/Adobe to extend their renderers to support TinyVG? If this is true and TinyVG isn't supported yet, how was the website able to render that Tiger picture?
Personal opinion: theoretical neuroscientists are about to get a crapload of data to start building realistic, TESTABLE models of whole brain function in C. Elegans. We're about to see the stat mech of neuroscience people, this is HUGE.
1) ASIC-resistant proof algorithm (like in ETH 2.0 iirc).
2) Fixed mining rewards. For example, offering 1 REcoin per mined block forever. The idea is to prevent the deflationary aspect of BTC.
3) Whole coin transactions (i.e. no buying/selling 0.0001 BTC) to simulate the capital range of real estate investments.
4) An ICO valuing each coin highly (e.g. $10k). The initial capital would be used to set up an insured exchange. The idea is to leverage the insurance to become the dominant USD/REcoin exchange, preventing a large exchange-established dark pool that trades fractional REcoins and threatens the coin's price stability.
For the second question, I think this coin is better than a treasury bond or index fund since it discourages trading and thereby emulates the illiquidity of RE. I've talked about why I think this illiquidity is important in another comment below. With respect to a bank account, I think this coin is far superior since it aims for a rate of return on the order of an RE asset (i.e. much higher than a traditional savings account).
If investors had access to an alternative asset class that allowed them to realize decent YoY appreciation without undertaking risky construction, demand would cool down significantly. The end result (in the long run) would be sustainable property values and affordable housing for the middle class.
Similarly, regional market pricing would prevent pan-region price crashes arising from someone dumping a large number of coins in this illiquid market. However, the more I think about this, I think it's a non-issue if you have large enough demand for this coin and a lack of liquidity.
Ask HN: Cryptocurrency To Replace Real Estate?
The question is simple - is it possible to design a cryptocurrency to replace real estate as a store-of-value and generational wealth mechanism? If so, what features and/or design goals would you incorporate? To focus the discussion, I'm only considering feasibility in terms of RE-like price stability and long-term appreciation (not regulatory/tax implications). Personally, I think the biggest...