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Offline bytemaster

Proof of Waste
« on: November 07, 2014, 03:41:37 AM »

I would like to recommend that our community start referring to POW as proof of waste in all conversations about bitcoin.

I would then like suggest that we refer to our system as a "Real Proof of Work" system where by all stakeholders have come by their stake by doing valuable work.

Credit for this belongs to: John Underwood, former CEO of Sun Microsystems Australia who was visiting with us these past 2 days in VA. 
http://ph.linkedin.com/in/underwun
« Last Edit: November 07, 2014, 04:11:49 AM by bytemaster »
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Anything said on these forums does not constitute an intent to create a legal obligation or contract between myself and anyone else.   These are merely my opinions and I reserve the right to change them at any time.

Online fluxer555

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Re: Proof of Waist
« Reply #1 on: November 07, 2014, 03:42:49 AM »
*Waste

lol. For being the genius you are, your grammar needs some work!
BTS: boolean-julien

Offline bytemaster

Re: Proof of Waste
« Reply #2 on: November 07, 2014, 03:44:50 AM »
*Waste

lol. For being the genius you are, your grammar needs some work!

I have always sucked at spelling ;)   Memorization is not my strong suite... spelling cannot be reduced to logical abstractions.
For the latest updates checkout my blog: http://bytemaster.bitshares.org
Anything said on these forums does not constitute an intent to create a legal obligation or contract between myself and anyone else.   These are merely my opinions and I reserve the right to change them at any time.

Offline starspirit

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Re: Proof of Waste
« Reply #3 on: November 07, 2014, 03:45:27 AM »
I would like to recommend that our community start referring to POW as proof of waste in all conversations about bitcoin.

I would then like suggest that we refer to our system as a "Real Proof of Work" system where by all stakeholders have come by their stake by doing valuable work.

Like it. I assume you mean Proof of Waste.

Online fluxer555

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Re: Proof of Waste
« Reply #4 on: November 07, 2014, 03:49:18 AM »
BTS: boolean-julien

Offline gamey

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Re: Proof of Waste
« Reply #5 on: November 07, 2014, 03:50:22 AM »
I honestly sat here for a bit wondering if you meant POW miners were fat'n'lazy and to not be as offensive as proof of waste.  looolz.
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Offline starspirit

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Re: Proof of Waste
« Reply #6 on: November 07, 2014, 03:53:17 AM »
Real Proof of Work could also be conceived as a Proof of Value or Proof of Worth (e.g. its conceivable we could pay shares for capital already created - such as buying in another network or application).
But Real Proof of Work is a more pointed jab at bitcoin.

zerosum

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Re: Proof of Waste
« Reply #7 on: November 07, 2014, 04:00:37 AM »

I have always sucked at spelling ;)   Memorization is not my strong suite... spelling cannot be reduced to logical abstractions.

I will quote you...and that means A LOT of quotes  :)
« Last Edit: November 07, 2014, 04:17:10 AM by tonyk2 »

Offline roadscape

Re: Proof of Waste
« Reply #8 on: November 07, 2014, 04:02:55 AM »
I would like to recommend that our community start referring to POW as proof of waste in all conversations about bitcoin.

I would then like suggest that we refer to our system as a "Real Proof of Work" system where by all stakeholders have come by their stake by doing valuable work.

I like it.
http://cryptofresh.com  |  witness: roadscape

Offline myhometalk

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Re: Proof of Waste
« Reply #9 on: November 07, 2014, 04:07:55 AM »
LOL. It is proof of waste

Offline bytemaster

Re: Proof of Waste
« Reply #10 on: November 07, 2014, 04:11:17 AM »
Credit for this belongs to: John Underwood, former CEO of Sun Microsystems Australia who was visiting with us these past 2 days in VA. 
http://ph.linkedin.com/in/underwun
For the latest updates checkout my blog: http://bytemaster.bitshares.org
Anything said on these forums does not constitute an intent to create a legal obligation or contract between myself and anyone else.   These are merely my opinions and I reserve the right to change them at any time.

Offline Riverhead

Re: Proof of Waste
« Reply #11 on: November 07, 2014, 04:24:27 AM »
Interesting company you folks are mixing with.

Offline JWF

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Re: Proof of Waste
« Reply #12 on: November 07, 2014, 04:41:23 AM »
Credit for this belongs to: John Underwood, former CEO of Sun Microsystems Australia who was visiting with us these past 2 days in VA. 
http://ph.linkedin.com/in/underwun

unofficial or official consultant?

Long term or was this a one off?

Appears this could have some nice potential for assistance.

Offline Ander

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Re: Proof of Waste
« Reply #13 on: November 07, 2014, 04:49:06 AM »
I love it! :)

Well done.
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Offline bytemaster

Re: Proof of Waste
« Reply #14 on: November 07, 2014, 05:27:01 AM »
Credit for this belongs to: John Underwood, former CEO of Sun Microsystems Australia who was visiting with us these past 2 days in VA. 
http://ph.linkedin.com/in/underwun

unofficial or official consultant?

Long term or was this a one off?

Appears this could have some nice potential for assistance.

John has been working with us and following our progress for almost a year.  We are laying the ground work for how we can work together to support the remittance industry. 

After the past two days I suspect good things to come from this relationship.
For the latest updates checkout my blog: http://bytemaster.bitshares.org
Anything said on these forums does not constitute an intent to create a legal obligation or contract between myself and anyone else.   These are merely my opinions and I reserve the right to change them at any time.

 

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