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Proof of Waste

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

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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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