mgarciap
commented
5 years ago Hi @RaffiSapire , I love the idea. Just a few things to consider
xDAI and the Burner Wallet
- The fast experience with BurnerWallet is attributed to xDAI. You send and receive xDAI, not DAI.
- xDAI is a representation of DAI that lives in the xDAI side-chain, not in Ethereum mainnet: https://poa.network/xdai. That's why the extremely cheap TX cost and speed (5 secs blocks). We at Protofire are one of the four validators of the sidechain along with MakerDAO, Giveth and POA Networks
- You can convert xDAI to DAI and viceversa through a specific cross-chain token bridge. This was successfully done in ethDenver with all the food trucks (MakerDAO and the ETHDenver Wallet, People + xDai + Burner Wallet = Portable Giving)
Livepeer token and protocol
Given that LPT ERC20 token, the protocol and the staking dApp live in Ethereum, it would be very hard to implement something like xDAI.
A potential approach
A different approach is to build a very specific web application that could use an in-app wallet (no installations needed) such as Portis for your specific goal: evangelize Livepeer.
The steps could be something like:
- Hey Bob, scan this QR code (The QR will be unique for each person. This will initialize Bob's in-browser wallt and Livepeer, through a bot/faucet, will send LPTs and enough ETH to pay for gas to Bob's wallet. Like it was done at the ethDenver hackathon, among others)
- Bob will see the balance in his in-browser app and one call to action: Stake
- Bob clicks on Stake. The staking process can go through a couple of educational steps and finally perform a one-click staking action to a real transcoder (I believe there is no need to list all of them along with all the detailed information shown at https://explorer.livepeer.org/transcoders)
Outcome
You are able to focus ONLY on Livepeer removing all the friction of you holding and sending LPT, people having a mobile wallet with ETH for gas. Besides, people can go through a extremely simple step-by-step educational flow very well designed before performing a one-click staking.
I hope this comment helps to provide more context on xDAI and evaluate some other ideas. If you think it does, I would love to jump into an open hangout and brainstorm.
dob
Give a 3 sentence description about this proposal. Recently, Austin Griffith hacked a user app that allows anyone to send dai. Someone sent me dia over drinks to show me how the app works and I loved the experience: https://xdai.io/ . I'd like to see this for Livepeer! Here's more about the app.
Describe the problem you are solving. The problem is that as a large token holder and grant giver who wants to evangelize Livepeer, I want to be able to quickly give someone LPT over dinner and show them how to stake, all by the time we leave the dinner table.
Describe the solution you are proposing. As a start, I'd like an in-browser application. I need help thinking through how the recipient would stake the token.
Describe the scope of the project including a rough timeline and milestones Check out his project and please share what you think the scope and timeline would be.
Please estimate hours spent on project based on the above a weekend individual hacker can build this.