Cryptocurrency Enabled Publishing

in #cryptocurrency7 years ago

I have an idea for a cryptocurrency. It would be a very large project and I know I don't have all of the skills required. Here is the general, big picture idea though.

1). Create a custom coin based on one of the existing Proof of Work algorithm (say at CryptoLife). This should be Proof of Work for the next couple of steps of this idea.

2). Embed QR codes in books. Acquiring a set number of QR codes from different books would allow you to start a Masternode for this coin (for the sake of reasonableness, let's say it's a random amount of pages into 5-6 books). You would have to search through those books (and, good heavens, even read them!) to obtain the required number of Starter Tokens.

3). Readers create Masternodes with easy-to-follow instructions in the back of the ebook.

4). Block rewards are divided between, just for example's sake, 50% to stakers/readers, 30% for the author(s), and 20% to charity.

This would incentivize readers to purchase the initial book for a future reward. It would also build a reward into creating media for artists and writers.

The Starter Tokens would require custom coding (not currently my expertise). There would have to be an editorial team who not only edit books, but also embed the QR codes. Perhaps they could also create Augmented Reality elements to the strategy as well, like solving puzzles or riddles to unlock Starter Tokens.

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