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Offline barwizi

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Memory Coin as a DAC
« on: January 05, 2014, 09:23:05 AM »

Please explain to me, what kind of DAC is it. What does it do/ intend to do?
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Offline seraphim

Re: Memory Coin as a DAC
« Reply #1 on: January 05, 2014, 11:27:25 AM »
There is a built-in voting system

More info here:
http://memorycoin.org/grantawards/
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Offline MaxPWR

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Re: Memory Coin as a DAC
« Reply #2 on: January 05, 2014, 11:36:51 AM »
I see a whole lot of potential applications / business models / etc...will write some thoughts up tomorrow...
You can't stop the signal, Mal. Everything goes somewhere, and I go everywhere.

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Offline FreeTrade

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Re: Memory Coin as a DAC
« Reply #3 on: January 06, 2014, 03:23:53 AM »
“People should be more sophisticated? How are you gonna get that done?” - Jerry Seinfeld reply to Bill Maher

Offline hanzac

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Re: Memory Coin as a DAC
« Reply #4 on: January 06, 2014, 04:06:22 AM »
I think the memory coin's voting system are very interesting. But to be extended, it is just the prototype of the trust system. What do you think? People can place the votes to a person, so the person get credits.

If some person get the more credits means he is more trustworthy.

But it's still difficult to avoid fake/fraud votes.
Anyone has any idea on how to make the voting system more reliable?

But in real business world, the bigger share holder can place bigger votes, right? This is to be more reasonable.

Offline MaxPWR

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Re: Memory Coin as a DAC
« Reply #5 on: January 06, 2014, 09:17:22 AM »
It allows selection and ranking performed by humans first, then machines.  Humans opt-out...not opt-in.  Yet you can analyze the blockchain to verify and ensure present and historical compliance, and program in new restrictions and/or limitations to improve the quality desired the most by the community....all cryptographically encrypted for history by CPUs which could be cheaper than the information provided by the selection and ranking history itself.  It is a value record of community-ranked qualities and transactions.

Lovely opportunities. Here's one:

https://bitsharestalk.org/index.php?topic=1635.msg23886#msg23886

Here's another application - instant "MMC invention disclosure"...basically charities to develop and/or fund bounties.  Bounties are final procurement...have to get started specifying first.

Could something like this work?

"The author of this post resides at MAXBNDTVdjbCwBwSDU7SCuMBUVcm49afD9.

Question: Do MMC users think this is a good idea? (1 - 9 Satoshi)

Question: Should the author escalate up the MMC Officer chain? (Donate MMC)"

I'd have "MMC trust stats" available in blockchain info based on accumulated votes from other trusted sources, starting with the officers (angels), then miners (saints), then other "blessed' in the community.

If I get votes / etc, I'd send it to someone in the next rank and/or go looking into existing bounties / etc...

Audiences / sites / users / etc with more knowledge would think its less valuable and stop voting for it sooner...it wouldn't rise as high - but better / newer info would rise quicker to higher levels - which is of value to the higher levels because of all the sources out there...

Crowd sourced, crowd funded, crowd ventures operated as charities for creative ideas developed as fast as you can market, negotiate, and distribute the information through binary search to the right sink who values it highest.
« Last Edit: January 06, 2014, 09:19:24 AM by MaxPWR »
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Offline barwizi

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Re: Memory Coin as a DAC
« Reply #6 on: January 07, 2014, 01:08:24 PM »
So it is not a DAC.
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Offline seraphim

Re: Memory Coin as a DAC
« Reply #7 on: January 07, 2014, 01:14:33 PM »
Depends on your definition.

Bitcoin and every altcoin is a DAC with the purpose of financial transactions.
MMC got a group of officers (like a normal corporation) on top, so it's "more" DAC than Bitcoin or the other alts.
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