ITT (actually solvable) problems that will make you insanely rich if you solved

>nano already has 0.1s confirmation time
uhh no it doesnt. you have to solve a pow which varies depending on device's computational power and is therefore not consistent at all...

>i mean thats the same as scalability
No its not. its dependent on how small and efficient you can make connections between nodes.

>>Getting theoretical infinite scalability while still maintaining a certain degree of decentralisation
>>Getting finality down to sub 0.01 seconds
Both of those can be solved by P2P credit, no joke.
Every person can issue their own IOUs to people they know and trust in real life.
If you issue IOUs to Bob and Bob doesn't want them anymore, he can sell your IOUs to Alice. The only point of consensus here is you. As long as your node is online, the transaction can happen. Because you're the final arbiter of your IOUs, there's no way to doublespend them. It's basically a message saying "hey Charlee, it's Bob I'm sending 10 of those IOUs you gave me to Alice" and that's that. Your P2P credit ledger automatically updates who you owe.
These credits can be used for simple stuff like helping your neighbor move his furniture or letting him borrow your lawnmower. There's no enforcement to pay these debts back so you have to be careful to make sure you're not lending too much even to the people you trust.
But I can easily see this system becoming physically enforceable in a developing country. Like if the person you lent 100 credits to hasn't paid you back you're allowed to use force on them and the government will pardon you because it's justified.

>building on that they'll make a better implementation.
lol no they wont. There are probably less than 10,000 devs in the world capable of building a cryptocurrency from scratch. Most of which are already working for large software firms (facebook etc.), the government or dont even care. Those that are actually in crypto and do care are already working on the larger projects themselves. If you invent an entirely new protocol, no one is going to steal it... and even if they do your coin will still be no. 1. just look at iota, nano, neo. Nobody has copied these platforms even though they solve pretty significant problems.

The problem of Bitcoin being useless

how is this a universal system? this doesnt allow any more parties than those who you absolutely trust and keep an eye on at all times in it. There is no way i would be a part of that credit system if more than three people were involved because i cant verify whose ledger is legit or not.

I'll explain to your brain, pay attention please:
Charlee trusts Bob, Bob trusts Alice, Alice trust John
By 4 degrees of separation, Charlee trusts John indirectly.
If Charlee wants to loan out some money, he can loan out the money to John without ever having met him because Charlee can loan out to Bob, Bob loans that money to Alice, Alice loans that money to John. Charlee can accrue lending interest, Bob and Alice can receive a trust node fee for providing lines of trust, Charlee pays the fee and the interest.
Under this system, you could make money by simply vouching for others and creating trust lines in real life.

yes because friends you trust always pay back their loans

especially friends of friends you trust, they definitely do

and then introduce 5+ layers of indirection, friends of friends of friends of friends of friends, yes i'd definitely loan to them

but honestly, how many friends you have you'd loan 10% of your savings to?
and how many friends you have, who, if they told you they have a 'good friend, you've never seen' that needs money, you'd loan your money to?
and how many friends who could tell you: one of their good friends has a good friend who needs money..

and then: how many friends you have that you'd actually vouche for to pay back money, and ask for money from another friend to give to them?

balding

this isn't about money, per se
it's about favors, non-monetary stuff
for example, i pick up my friend Bob from the airport and he sends me 100IOUs
next week, he let's me be his +1 to an event so I send him back 50IOUs
There's no money changing hands, but there are favors.
Because Bob still ''has'' to do me a favor worth 50IOUs I can just accept a favor from someone else, and send her Bob's 50IOUs so now he owes her the favor, not me.

One IOU would be worth one dollar but there's no dollars actually changing hands. You would just consider that yes, if I was a taxi and I picked you up from the airport that would probably cost around 100 bucks. You wouldn't receive 100 bucks from your friend though, just a promise to do some favors for you in the future.

now you're thinking! we have plenty of shitty projects trying to solve muh scalability, but is there a single one trying to solve **balding**???

oracles.

and no, the shitcoins that claim to have solved them haven't come close. we need another bitcoin like leap which nobody has figured out yet.

Decentralized chains of debt obligation. Which pandimensional hyperkike invented this sorcery?

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You sound like a nigger talking about how whites rules the world

wouldn't it make sense to make it p2p Daap ? do you have private channel or slack or something ? we should build MVP for this

It's metaphorical, numbnuts. You realize that the process you described is a replica of the present fiat currency debt obligation system except barter based and thus illiquid and shitty? It would still resolve to a situation where people who have the means to force/extort payment on a lot of loans end up collecting rent off of everybody, just like the current unfortunate system. It's a pyramid scheme like all the rest. You don't see this?

I personally do think that physical force should be allowed to be used on debtors but developed countries wouldn't approve.
For ex, a criminal is really just a debtor to his victims and the reason why physical force can be used on a criminal is because of his debt.
It's why I think that all crimes should have fines associated with them and as long as the fine is paid then the debtors is freed from his obligations to his victims/society.
My coding experience amounts to making simple java games for android, m8.
I barely got a neural net to work to function as an AI for my latest game.
Just take the idea and run with it. I don't see any other project doing this.
But you don't need to make this decentralized, desu.
In my off time, I play around with trying to make a 1st-person credit score. For ex, you might have a perfect credit score of 1000 from your friend's point of view because you always pay him back your IOUs, but if I took a look at your account your credit score would be 500 or so because of the increased degrees of separation and perhaps one of our intermediaries is less than perfect.

The issue most people bring up is spamming. You could just spam multiple account and pay yourself back over and over but that's moot. The only accounts that'd see you in good standing would your spam accounts. Everyone else outside your lending circle would see you as not-tested because you'd have no lending history with them. So it's pointless to spam, and it's even pointless to spam a small circle of friends. You still need to go out of your friend circle and connect to other circles to build those lines of trust.