Idea for Hive Engine: Combine tribes with CDs,

*working title for this algorithm: "Social Crypto"

Imagine HIVE, LASSECASH and HEX combined

Basically its making the staking version of a token a CD, based on the ideas of a CD on HEX.

So lets get started.

Instead of having LASSECASH POWER forinstance in the current form, LASSECASH POWER will be a certificate of deposit (CD) combined with POWER.

So first of all when you stake you decide on a length of that stake. When you unstake you still get a payout every x. day like now. The longer you stake and (like now) the more you stake the more power your vote on the platform.

Tribeleaders can set their own parameters. In order to compete for making the best implementation of this system.

So it is basically slapping the ideas of HEX onto the POWER system of tribes (which comes from STEEM/HIVE).

HEX is the best performing cryptocurency in 2020, so Richard Heart really proven the idea of CDs on the blockchain, my idea is to utilize this powerful idea and combine with social media, specifically Hive tribes made by Hive Engine.

The advantages of Hive Engine, I have found is many. One is the ability to develop new products very fast and cost efficient compared to products that are 100% on the blockchain like for instance HEX. HEX took 2 years to build, I guess that Hive Engine can build my ideas in 2-6 months if they choose to do it, and provide it to all tribes to compete for best implementation.

@aggroed is very good at setting a fair price of their products, but I imagine that they could price this a bit higher for initial costs and maybe combine with 1-5% of “origin address”.

This idea is a monster idea, which I think could boost significantly one or more tribes in value and utility. Basically building the best crypto in a fast and cost efficient way.

I have more specifically ideas within this "over-all" idea, that I am willing to provide to the team free of charge if the team choose to work on and implement this idea. In other words I can work with the team for free to make this real, providing specific design ideas and testing.

Lasse Ehlers

PS: If we do this, combining proof of brain and CDs on the blockchain (ala HEX) then we probably need a new word for it: "Social Crypto"?