It's my concept, that i came up with basically a minute ago. There are many proof of 'something' in blockchain space. Generally it's a rules, algorithms that describes, who gets payout in particular projects. And for BTC it's computing power(you have higher - more BTC you gets), for burstcoin it's HDD space, for Nem it's amount of XEM you have, for Steemit it's a content you create etc...
I think that most of these proofs are wrong. Why? Because unnecessary goods are wasted. For example in for Proof of Work, a lot of energy is wasted only for mining. Actually i like projects like Steemit, that have proofs which is not a waste, but it's useful(content).
So i came up with idea that incentivise people to do another useful thinks and earns goods by doing it.
The idea is very simple(as far as I understand technical details). Runchain can be an Ethereum application. It can be as individual new asset, but it's unnecessary. It's a smart contract. Every day if you want to contribute in challenge, you're sending f.e. 1 ETH to Runchain address, and you just starts moving. Jogging, running, biking etc. Another part of app is something like step meter. In this case i've lacks of knowledge, but i know there are some apps, or libraries to help develop apps like that. At the end of the day algorithm counts how much assets you contributed, how much miles/kilometers you've done and sends your earnings to your account. Where the money come from? From other users, that wasn't move that day as much as you. It's a win - win. If you contribute by sending asset to Runchain and not moving that day - you lose, otherwise you earns.
You are sending 1 ETH. Another 99 people're also sending 1 ETH. Let's say, that you runned 5 kilometers that day with smartphone with app in your pocket. At the end of the day an algorithm adds distances of every users(let's say its 100 KM - some of them didn't move at all), and disposes to users. Your earnings are: (100ETH / 104KM) * 5 =~4.8 ETH. It can be divided to f.e. 24 time zones to be fair.
So that's it, that's the idea. No need of ICO, there is no risk of unnecessary speculations of newly created token, just pure, competitive, encouraging to move simple dApp.
What do You think about this idea?
