Proposal: Bounty Contract

Creator

Nicola

Created

Feb 9, 2022 12:34 PM

Project

Filecoin as ubiquitous storage layer

Stage

Still Valid

Problem

We want to make a bounty to store an IPFS CID/PieceCID (see Perpetual Storage proposal)

Solutions

Here are three solutions that we looked into, but they do not work because miners' reward is not efficient.

Basic proposal

• Miners make deals on Filecoin
• First one wins the bounty

Geometric distribution proposal

• Miners make deals on filecoin
• Bounties are distributed in a geometric way

Lottery ticket

• Miners make deals
• The faster you do it the more the chance to win the price for having done so

Claim and Stake Proposal

Claim and stake proposal

• Miners claim to store and stake
• They must prove before a timeline that they completed the work