Fairness and Acquisition Method of Hacash
Hacash, as a sound currency similar to gold, has no founder or central figure like Satoshi Nakamoto or the Cypherpunks. It uses a Proof-of-Work (PoW) mining mechanism similar to Bitcoin, but with a novel mining algorithm. This ensures that all participants must compete in the open market to acquire Hacash, meaning no one can easily obtain large amounts of Hacash through privileges. This mechanism ensures equal opportunities for all participants.
Furthermore, on the basis of fair opportunity, Hacash enhances time-based fairness in competitive participation. Its block reward mechanism mimics the increasing and then decreasing pattern of gold extraction following human technological progress. The block reward follows a Fibonacci-based increase and decrease design, making it fairer than Bitcoin and more efficient in adoption compared to gold.
Participants in Hacash and Current Challenges
In terms of participants driving the rapid adoption of Hacash, it is similar to Bitcoin and mainly includes technical development teams, miners, ecosystem projects, and all coin holders. Historically, for Bitcoin, the technical development teams, miners, and ecosystem projects ultimately serve the interests of all coin holders, who will ultimately lead the development of Hacash. Among these holders, those with large holdings and the ability to promote are more capable of advancing Hacash.
However, in reality, those with large amounts of Hacash do not necessarily have effective promotional abilities, while those with promotional abilities must invest significant time and cost to acquire Hacash. This situation results in the slow development of Hacash.
Suggestions and Solutions
To address this issue, I suggest that those with an advantage in acquiring Hacash but who are unwilling or unable to promote it could donate Hacash to individuals or teams with promotional capabilities. This method requires a fair and transparent distribution mechanism to ensure that Hacash is placed in the hands of those who can genuinely promote it.
Based on historical observations where key events in Hacash were driven by relevant individuals spontaneously, the specific solution is summarized as follows:
- Community Discussions and Emergence of Promoters:
- Community members collectively discuss and decide on the next plans and tasks for Hacash.
- Leaders can be individuals or teams who take the initiative to solve tasks, possibly not participating in discussions but directly leading task execution.
- If community support is needed, leaders can seek crowdfunding. The crowdfunding funds are managed by long-term active community members to ensure fairness and transparency.
- Crowdfunding Management and Task Execution:
- If the task is successful, all participants share the joy.
- If the task fails, unused funds should be decided upon by a new community vote initiated by the leader or a new task leader to determine the use of the funds.
- Responsibility and Reward Mechanism:
- Task leaders only need to achieve the goal of the task itself without concerning themselves with unrelated matters.
- Task leaders can provide personal addresses to receive tips from the community, incentivizing more people to actively participate and lead projects.
The success of Hacash relies on three key drivers: the generous donations from large holders and major miners, contributions from commercial companies and ecosystem teams in technology and tools, and the strong promotion by influential community leaders. Through these mechanisms, we can more effectively advance the development of Hacash and achieve rapid mass adoption of this sound money.