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I just had a really interesting idea...

Etherum Reddit

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I was thinking about how ETH was going PoS soonish and about where all of that hash power is gonna go. I may have just thought of a solution.

Has anyone thought about making an ERC20 token that you can mine? I have no coding skills so writing anything in solidity would be impossible for me, but has anyone thought of/about this? Is it even possible to make a token that you have to mine for?

It would solve the distribution problem that every ERC20 token inherently has; they are all just created into existence out of thin air and then distributed in some way, unlike how Bitcoin or any other pure mined crypto is distributed.

Anyways I hope some of you here that are more skilled with this sort of stuff can give me some insight.

Edit: I did some more googling about this and turns out there already is minable tokens under EIP 918, i wonder why this never was talked about? The only minable token that even somewhat appears to have a community is something called 0xbitcoin and it just looks like Bitcoin but running on Ethereum? Idk I didn't read much about it, but I'm glad to know I wasn't the only one who has thought of this; someone else did years and years ago. Maybe one day I'll think of something that someone hadn't before lol

submitted by /u/blackfirepwnd
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