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Proof of Waste

Started by bytemaster, November 07, 2014, 03:41:37 AM

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roadscape

#24
November 09, 2014, 03:12:15 AM
Quote from: Ander on November 09, 2014, 03:04:27 AM
Quote from: roadkill on November 09, 2014, 12:05:45 AM
Wow. Source?

Tons of articles about it all over the internet.

Fine. I'll look. :p

I knew it was a bad idea to be away from the internet for 24 hours...
http://cryptofresh.com  |  witness: roadscape

Ander

#23
November 09, 2014, 03:04:27 AM
Quote from: roadkill on November 09, 2014, 12:05:45 AM
Wow. Source?

Tons of articles about it all over the internet.
[url="https://metaexchange.info"]https://metaexchange.info[/url] | Bitcoin<->Altcoin exchange | Instant | Safe | Low spreads

roadscape

#22
November 09, 2014, 12:05:45 AM
Quote from: Ander on November 08, 2014, 07:48:38 PM
The picture of the bitcoin mining company that burned recently would be great to go along with 'proof of waste'.



Wow. Source?
http://cryptofresh.com  |  witness: roadscape

matt608

#21
November 08, 2014, 10:15:28 PM
So what, have the user take a belly selfie and reference that against the NSA tummy database (NSATD)?

Ander

#20
November 08, 2014, 10:04:58 PM
I doubt we will tank the BTC price.


To me, there is one good way that the BTC price can tank - if it is surpassed by BTS. 

Even then, I expect that what will occur is that while BTC goes up by a factor of 10, BTS will go up by a factor of 100.
[url="https://metaexchange.info"]https://metaexchange.info[/url] | Bitcoin<->Altcoin exchange | Instant | Safe | Low spreads

CLains

#19
November 08, 2014, 10:02:30 PM
For me the only issue with this is: I don't want to tank BTC price. If BTC keeps gradually rising 20% a month now during the coming year, we will have no problems at all establishing the superDAC and all our dreams will come true. If BTC keeps falling 20 % a month now during the coming year we are all majorly fucked my friends, and I think you all are delusional to deny it.
Vote for BitSpace EOS Block Producer!

[url="https://steemit.com/eos/@bitspace/bitspace-eos-block-producer-candidate"]https://steemit.com/eos/@bitspace/bitspace-eos-block-producer-candidate[/url]

Ander

#18
November 08, 2014, 07:48:38 PM
The picture of the bitcoin mining company that burned recently would be great to go along with 'proof of waste'.

[url="https://metaexchange.info"]https://metaexchange.info[/url] | Bitcoin<->Altcoin exchange | Instant | Safe | Low spreads

xeroc

#17
November 07, 2014, 06:57:00 AM
+5% for waste .. and another +5% for john ;)

Ander

#16
November 07, 2014, 05:57:58 AM
Quote from: bytemaster on November 07, 2014, 05:27:01 AM
Quote from: JWF on November 07, 2014, 04:41:23 AM
Quote from: bytemaster 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

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.

I love this new bitshares where we talk about positive developments and things that will cause growth and add value and change the world, rather than suffer through community drama. :)
[url="https://metaexchange.info"]https://metaexchange.info[/url] | Bitcoin<->Altcoin exchange | Instant | Safe | Low spreads

bytemaster

#15
November 07, 2014, 05:27:01 AM
Quote from: JWF on November 07, 2014, 04:41:23 AM
Quote from: bytemaster 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

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: [url="http://bytemaster.bitshares.org"]http://bytemaster.bitshares.org[/url]
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.

Ander

#14
November 07, 2014, 04:49:06 AM
I love it! :)

Well done.
[url="https://metaexchange.info"]https://metaexchange.info[/url] | Bitcoin<->Altcoin exchange | Instant | Safe | Low spreads

JWF

#13
November 07, 2014, 04:41:23 AM
Quote from: bytemaster 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

unofficial or official consultant?

Long term or was this a one off?

Appears this could have some nice potential for assistance.

Riverhead

#12
November 07, 2014, 04:24:27 AM
Interesting company you folks are mixing with.

bytemaster

#11
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: [url="http://bytemaster.bitshares.org"]http://bytemaster.bitshares.org[/url]
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.

myhometalk

#10
November 07, 2014, 04:07:55 AM
LOL. It is proof of waste

roadscape

#9
November 07, 2014, 04:02:55 AM
Quote from: bytemaster 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.

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

zerosum

#8
November 07, 2014, 04:00:37 AM Last Edit: November 07, 2014, 04:17:10 AM by tonyk2
Quote from: bytemaster on November 07, 2014, 03:44:50 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  :)

starspirit

#7
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.

gamey

#6
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.
I speak for myself and only myself.

fluxer555

#5
November 07, 2014, 03:49:18 AM
Bitshares Wallet Recovery Service:
[url="https://bitsharestalk.org/index.php/topic,24436.0.html"]https://bitsharestalk.org/index.php/topic,24436.0.html[/url]

starspirit

#4
November 07, 2014, 03:45:27 AM
Quote from: bytemaster 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.

Like it. I assume you mean Proof of Waste.

bytemaster

#3
November 07, 2014, 03:44:50 AM
Quote from: fluxer555 on November 07, 2014, 03:42:49 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: [url="http://bytemaster.bitshares.org"]http://bytemaster.bitshares.org[/url]
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.

fluxer555

#2
November 07, 2014, 03:42:49 AM
*Waste

lol. For being the genius you are, your grammar needs some work!
Bitshares Wallet Recovery Service:
[url="https://bitsharestalk.org/index.php/topic,24436.0.html"]https://bitsharestalk.org/index.php/topic,24436.0.html[/url]

bytemaster

#1
November 07, 2014, 03:41:37 AM Last Edit: November 07, 2014, 04:11:49 AM by bytemaster
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
For the latest updates checkout my blog: [url="http://bytemaster.bitshares.org"]http://bytemaster.bitshares.org[/url]
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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