Gallerycoin: Where the "Proof of Work" is the Fine Art! (Or some combination of the fine art and the the traditional Bitcoin "proof of work" via solving mathematical puzzles)
One of Bitcoin's major mechanisms is the "proof of work." Well, as a professional landscape photographer, I realized that a 40"x60" fine art piece was also a "proof of work," especially when one factors in all the time, hiking, camera equipment, travel, and weather! I currently accept all major cryptocurrencies for my fine art photography: http://mcgucken.com
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https://wildspark.me/index.html?asset=S1eUGdsaF-
In addition to being a "proof of work," a photograph has a unique digital signature!
So why not also give the creator of fine art an easier time in mining Gallerycoins?
Suppose that their work gets 100 likes on a network. Then their computers will have a 10x easier time of mining Gallerycoin.
Or suppose for every 100 copies of their work that sells, their computers will have a 10x easier time of mining Gallerycoin.
And suppose we did the same thing for books and music.
And suppose we did the same thing for the buyers of content.
If someone buys a piece of content, then it will increase their chances of being able to mine Gallerycoins.
For fine art, the more pieces that are sold, the higher the price could go. The higher the price, the larger chance of mining Gallerycoins for both the creators and the buyersof the work.
Enjoy my fine art:
Suppose a fine art print sells for 1,000 Gallerycoins. The creator will then have a factor of a 100x better chance in mining Gallerycoins. The buyer of the work will have a 10x better chance. The curator or upvoter will have a 5x better chance. Suppose the value of the art rises to 10,000 Gallerycoins. The creator will then have a factor of a 1000x better chance in mining gallery coins. A buyer of the piece will have a 100x better chance of mining coins. The curator or upvoter will then have a 5x better chance of mining bitcoins. So it is that Gallerycoin gives better odds to creators, buyers, and upvoters to the degree they create, buy, and upvote the more valuable art.
Thus, not only will folks be incentivized to still use their computers to mine Gallerycoin as is done for Bitcoin, but they will also be incentivized to create, buy, and curate art.
Just as computers spend time and energy mining bitcoins, a fine art landscape photographer spends time and energy "mining" the scenery for an epic shot and exalted fine art. Granted that the incentive given to the computer owner is that it is their computer and power that keeps the blockchain ledger so widely verified and duplicated, and thus they ought to be rewarded for performing this task. But imagine if coins could also be mined by the hardworking artist who provides their art for the system? Or imagine if only the artist who contributes a work can mine coins?
Optimally it seems that the artists, curators, and buyers could all be rewarded with Gallerycoins, as well as an easier time for mining gallerycoins in proportion to the quality and quantity of work they perform.
Bitocin's "proof of work" defined here https://en.bitcoin.it/wiki/Proof_of_work as:
"A proof of work is a piece of data which is difficult (costly, time-consuming) to produce but easy for others to verify and which satisfies certain requirements. Producing a proof of work can be a random process with low probability so that a lot of trial and error is required on average before a valid proof of work is generated. Bitcoin uses the Hashcash proof of work system."
While hiking the Subway trail in Zion National Park, something hit me! This definition of "proof of work" describes a fine art landscape photograph!
"A Fine Art Landscape Photograph is a piece of data which is difficult (costly, time-consuming! yes! Landscape photography is costly and time consuming!) to produce but easy for others to verify and which satisfies certain requirements. Producing a proof of work can be a random process with low probability (yes! it his hard to capture great fine art landscapes!) so that a lot of trial and error is required (yes! one must visit a location many times in order to catch a great shot!) on average before a valid proof of work is generated. GalleryCoin uses the Fine Art proof of work system."
As a professional fine art landscape photographer, I realized that a fine art landscape photograph was a "proof of work!" There is the voyage out, the returns to the location, the purchase of all the equipment, the honing of one's skills, the development in Lightroom/Photoshop, and so much more! Yes! It is a proof of work!
Perhaps the sale of a fine art piece could be tied into a GalleryCoin, so that when someone buys a print, they also receive 100 GalleryCoins.
GalleryCoin will replace the "proof of work," at least in part, with the Fine Art!
Some systems emerge where:
- The hash must be based on the digital signature of the fine art photograph.
- The fine art photographer is given an advantage in mining coins or Gallerycoins.
- Photographs which receive more likes lead to a greater ease in mining Gallerycoins.
- Photographs which sell for higher prices lead to a greater ease in mining Gallerycoins.
- The buyer of a fine art piece receives an easier time in mining Gallerycoin to the degree the price augments.
- The curator who upvotes the better content receives an augmented ability to mine Gallerycoin.
At any rate "Gallerycoin: How Bitcoin, Steemit, Wildspark, Gallerycoin, and Synereo will Create Cryptocurrency Content Millionaires: Fine Art Photography will Replace Bitcoin's "Proof of Work""
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