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4592363 No.4592363 [Reply] [Original]

Is it possible to make a cryptocurrency that automatically adjusts total number of coins based on something completely outside of the code itself?

Something like if X stocks go up, adjust total # of coins down, and vice versa.

>> No.4592602

bumping this

>> No.4592828
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4592828

>>4592363
like coin cap based on homicide rate

>> No.4593011

>>4592828
Or anything really. As long as there's some way to pull in that data and a way for that data to be verified as correct / voted on.

Just wondering if I could make a coin based on something stupid like the amount of my towns population.

>> No.4593030

>>4592828

we should guive salary to teachers in a crypto that gain value as selected students perfdorm on a standardyzed test.

>> No.4593038
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4593038

>>4593011
If you wish to create an apple pie from scratch, you must first solve The Oracle Problem.

>> No.4593053

I hope this thread is a setup for link

>> No.4593103

>>4592363
What the fuck are you talking about? Like as in scaling the number of coins? so if you had 2 and some variable doubled you'd get 4? Why do that when you could just issue static coins as normal and then have a wallet that applies some algorithm to determine the "actual" value.

To answer the question straight, yes you could do it by having the block validation include some step that would scale coin amounts based on some algorithm. But doing so would be retarded.

>> No.4593140

>>4593030
That's actually a really good idea.

To take it a step further, could change payment modes for any job based on tangible performance.

>>4593038
>>4593053
Is that what all those LINK threads I ignore are about?

>> No.4593179

>>4593103
Not actually changing the amount of coins people have.

But changing the amount of total coins there will ever be. Like if X conditions are met, the total number is reduced by 1mil, making the rest of the coins a little more valuable.

OR the other way, adding to the total number based on X condition.

>> No.4593259

>>4593179
Where do those coins go to or come from? They'd have to go to or come from some entity capable to trading in the market for it to have any effect on the coin value.

>> No.4593300
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4593300

>>4593179
Stop thinking of crypto as an investment, asset, or a currency. It's a game. You are creating rules. You have to think out the implications of the rules and the motivations of the players. Create the perfect game, and be the next Satoshi, unless it already exists.

That could be the synopsis on the back of the novel dramatizing this in 2 years.

>> No.4593336

>>4593053
same lol