After a long and, at many points heated, discussion with regard to Angel Shares' implementation I sat and thought about it. Now I'm not a high-end miner so maybe i'm mistaken, but it feels like I might have thought up a potential solution that would cover the middle ground between forcing a centralized mining service along with proof-of-stake for protoshares. This may only be a partial solution, or worse, none at all...but it seems worth posting.
Distributed "Cloud" Mining DAC. This DAC would be formed by clusters of heavy-duty and little miners (like pools) who want to put their Hashing Power up for bid/sale. The DAC would be made up of many "little" miners to form a service similar to Amazon AWS and DigitalOcean, with one chief difference. This would already have a GUI Interface with embedded and most up-to-date miners for each specific coin available. DAC Services Provided
(with great emphasis on non mining-savvy individuals)
-- Mine BitCoin/Altcoins of choice with just the push of a button
-- A simple interface for calculating profitability of each coin based off feeds from popular exchanges
-- Support Merged Mining of Coins where applicable
-- Pay with Credit Card for services and thus giving another, trusted method of attaining coins
-- Pay with BitCoin and/or Community-Approved Altcoins
-- Provide Businesses with extra computational capacity to utilize that capacity to aid in the mining of coins through a direct connection to the Cloud Services (IT departments would then earn value from otherwise-wasted computational capacity during down hours. Income Proposal:
-- Credit Card or Bank Wire via Mining Service Users
-- Receiving small donation of all coins mined (users can choose between amounts to contribute--but they must contribute-
-and can choose areas and percentages of their donation would like a percentage ithin future DAC layers).
-- Would except Faucet/Advertisement Donations from other Altcoin-development teams to create a built-in faucet feature for any Altcoin Donated to faucet address (a percentage of these will go directly into funding future DAC Development----NOT necessary, but good idea from coin-dev's point of view)
-- Would receive a small percentage of mined coins from Businesses contributing to the mining DAC (or they would earn shares in the DAC for farming, which could then be traded for other Altcoins on a Market)
-- Offer Escrow Services for selling coins (take a percentage off the top)?
-- The service would also mine shares that could be openly traded for other crypto-currencies
ProtoShares holders would receive 5% of total shares in the profitability (pulling that percentage from somewhere dark and foul)Invictus Innovations
could then contribute the mining hardware they have in a competitive market where decisions are even further decentralized. The Benefit Invictus has here over AWS is that it leverages the skills of a community who has spent a GREAT DEAL of time mastering the art of mining and can create the front end while expecting Altcoin-Devs to contribute mining software plugins for the service, or the DAC's team of developers would do this work.
Hope this makes sense and I hope everyone finds this helpful. I am certain there would be much more to this and I am writing this with about 23 hours without sleep so I may have missed a point or two. Please lets start a conversation about this and lets break and fix this idea until we come up with something workable as a community team.
Invictus would create a PLATFORM to perform all these tasks, would participate in the mining and would be rewarded for whatever % they contribute to the "pool" of miners-for-hire. This provides Invictus with Profits from renting miners, would only be ONE income stream and would Invictus would be competing against other miners (keeping the system decentralized). However, the donations from both Client and Enterprise levels would be used to develop Invictus DAC's based on a percentage chosen by the donater (for a similar system see Humble-Bundles and their game-purchasing apparatus)