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RE: Powering Up Cryptocurrencies on the Steem Blockchain

in #idea7 years ago

This just made my head explode with ideas!

I think the potential for integration with other projects might be the way-in for this concept.

For example, there are a handful of "Masternode Coins" as well as "Staking coins" that require a node to be configured a special way in order to join the network's overall mining weight.

You get rewarded based on your contributions.

There are ways to automate this process if you want to startup your own nodes and have it run as an auto-profit machine.

There are also other projects like Bitconnect which has a similar concept to STEEM on the back-end, where you handover your deposit as a loan to the pool, and you receive spendable rewards daily.

And I'm thinking of a new token called Pillar (PLR) which is looking to signup thousands of businesses to their wallet/exchange platform as smart contracts!

It may be possible to have Pillar run alongside STEEMIT, and it may have the option of doing things like:

  • Choosing to automatically move your Masternode rewards into STEEM POWER or anything else.
  • Buying goods from Amazon(as an example) with your daily profits from multiple sources, regardless of the currency.

The list is endless as to what might happen if we allow these projects to start shaking hands, we are at the cusp of the new age of computing!