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Offline santaclause102

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Discussing the epic Daniel Larimer & Dr. Charles Evans Video
« on: April 20, 2014, 12:33:25 AM »

Funny moment 7:25 - 7:45. Where did this argument go? :) Might be advice able to cut out that part....

~ 13:30 The analogy between a DPOS based DAC and a state/voting system: In a DPOS DAC you can vote for those that do the "executive work" (the bureaucracy that executes the laws made by parliament representatives). In a democracy (if democracy = decision makers are voted for by citizens) you can vote for the decision makers but not for the executing bureaucracy. The same with a company: You can vote for the executives as a shareholders. With a DPOS DAC there are two kind of executives: The creative executives (the ones that make the DAC's rules /the code) and those executives that decide which tx get transacted. You can vote on the second but not on the first. What counters this is that the scope of a DAC is limited (one function) and the creative / code executives dont have so many options to choose from. The only goal is the support that one function is good as possible. Also there is less conflict of interest as the code executives don't get paid by the revenue the DAC makes. They get paid by owning shares that appreciate in value or by being paid by those for who the network/the DAC is beneficial.   

Other than that the farting sound at the end of the video is what will make it go viral! :)

edit: I forgot the most obvious, the source: http://www.youtube.com/watch?v=ZT9ICMfUDjk&list=UU6f8o_H_OgfSLJ2w-bOvyew
« Last Edit: April 20, 2014, 01:42:34 AM by delulo »

Offline CryptoPrometheus

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Re: Discussing the epic Daniel Larimer & Dr. Charles Evans Video
« Reply #1 on: April 20, 2014, 01:13:12 AM »
Where can I find this video?
"Power and law are not synonymous. In fact, they are often in opposition and irreconcilable."
- Cicero

Offline santaclause102

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Offline Stan

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Offline fuzzy

Re: Discussing the epic Daniel Larimer & Dr. Charles Evans Video
« Reply #5 on: April 20, 2014, 02:21:34 PM »
Funny moment 7:25 - 7:45. Where did this argument go? :) Might be advice able to cut out that part....

~ 13:30 The analogy between a DPOS based DAC and a state/voting system: In a DPOS DAC you can vote for those that do the "executive work" (the bureaucracy that executes the laws made by parliament representatives). In a democracy (if democracy = decision makers are voted for by citizens) you can vote for the decision makers but not for the executing bureaucracy. The same with a company: You can vote for the executives as a shareholders. With a DPOS DAC there are two kind of executives: The creative executives (the ones that make the DAC's rules /the code) and those executives that decide which tx get transacted. You can vote on the second but not on the first. What counters this is that the scope of a DAC is limited (one function) and the creative / code executives dont have so many options to choose from. The only goal is the support that one function is good as possible. Also there is less conflict of interest as the code executives don't get paid by the revenue the DAC makes. They get paid by owning shares that appreciate in value or by being paid by those for who the network/the DAC is beneficial.   

Other than that the farting sound at the end of the video is what will make it go viral! :)

edit: I forgot the most obvious, the source: http://www.youtube.com/watch?v=ZT9ICMfUDjk&list=UU6f8o_H_OgfSLJ2w-bOvyew

Beautiful work here Delulo. 
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ShareBits and WhaleShares = Love :D

 

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