@Ben and I had a nice little back in forth this morning and I would like to share some of the ideas spawned from it with the community.
We create a new asset with a hard cap on the number in existence similar to Bitcoin. Not groundbreaking at all, I know, but it does expand on the NuNet product offering.
How would this asset be distributed? PoW wont be fair and quickly the coin would be mined out by those with the most hardware. PoS is already held down by NuShares.
We use a PoT with NuBits. People who make NuBits transactions will earn some of this new deflationary asset until they have all been “mined” out from PoT. After that this assets transaction fees can be earned by NuShares holders as a block reward in addition to the NuShares reward.
That’s the gist of it. We now have a new NuNet product for people who aren’t interested in a stable crypto.
We would have three totally different economic models within the same network. NuBits is dynamic to stay pegged to $1. NuShares has a soft cap where only ~21 million NuShares per year are created (until currency burning happens but it’s still only an idea at this point). Then we have a asset with a strictly fixed supply.
This is obviously a very roughly sketched idea. I thought it would be an interesting discussion piece though. (Personally I think it should be called NuButts, but i’m flexible on that)