Author Topic: Proof of Waste  (Read 5159 times)

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Offline roadscape

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...
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Offline Ander

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Wow. Source?

Tons of articles about it all over the internet.
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Offline roadscape

The picture of the bitcoin mining company that burned recently would be great to go along with 'proof of waste'.



Wow. Source?
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Offline matt608

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So what, have the user take a belly selfie and reference that against the NSA tummy database (NSATD)?

Offline Ander

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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.
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Offline CLains

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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.

Offline Ander

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The picture of the bitcoin mining company that burned recently would be great to go along with 'proof of waste'.

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Offline xeroc

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+5% for waste .. and another +5% for john ;)

Offline Ander

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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. :)
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Offline bytemaster

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.

Offline Ander

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I love it! :)

Well done.
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Offline JWF

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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 Riverhead

Interesting company you folks are mixing with.

Offline bytemaster

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 myhometalk

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LOL. It is proof of waste

Offline roadscape

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

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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 starspirit

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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.

Offline gamey

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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.


Offline starspirit

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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.

Offline bytemaster

*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 fluxer555

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*Waste

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

Offline 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
« Last Edit: November 07, 2014, 04:11:49 am by bytemaster »
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.