Author Topic: Using Proof of Waste for Account Registration  (Read 13595 times)

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Offline roadscape

Sounds like a hack though. What if the registration fee was 5 BTSX?

Delegates could set the proof of waste like they set fees.

My edit above:
"Ok, it doesn't solve the centralization. I always thought the DNS bidding system could replace these essentially free names. Is that possible?"

I see what you're saying, though. I can't think of another way for a user to "pay" without having to use any form of currency.

Except for the captcha project. It would have to be more complex (i.e. expensive) than that.
Hmm..
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Offline fluxer555

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I don't like it. I think centralized services are fine, and are worth every penny (literally, in this case). Can't you use AGS funds for this?

You can couple new account services with onramps, and only give them an account with a minimum of $1 BitUSD deposit. That should pay for itself many times over.
« Last Edit: November 07, 2014, 04:35:57 am by fluxer555 »

Offline bytemaster

Sounds like a hack though. What if the registration fee was 5 BTSX?

Delegates could set the proof of waste like they set fees.
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Offline roadscape

Sounds like a hack though. What if the registration fee was 5 BTSX?

edit:

Ok, it doesn't solve the centralization. I always thought the DNS bidding system could replace these essentially free names. Is that possible?
« Last Edit: November 07, 2014, 04:09:34 am by roadkill »
http://cryptofresh.com  |  witness: roadscape

Offline bytemaster

One of the biggest hurdles we face is getting new accounts registered without spamming the network.   The cost to register an account is about $0.01 and to grab new users we require going through 3rd party centralized services to help people register their account.  This harms the whole experience.

I would like to propose we allow new accounts to be registered in exchange for a "proof of waste" of $0.01.   A CPU burning 100W for 1 hour at $0.10/KWH would do the trick.

From a user experience point of view it would be "slow" compared to using a centralized service would could verify your email in 5 minutes... but the centralized services would cost the network more than $0.01 per user to operate.  This would then have to be paid for via delegate pay. 

A solid user acquisition plan would easily handle the registration for the user and $0.01 trx fee is likely nothing compared to the value of signing up a user.  So perhaps the entire the POW registration has no effective value.     
For the latest updates checkout my blog: http://bytemaster.bitshares.org
Anything said on these forums does not constitute an intent to create a legal obligation or contract between myself and anyone else.   These are merely my opinions and I reserve the right to change them at any time.