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Offline bytemaster

Ethereum & BitShares Partnership?
« on: August 15, 2014, 06:06:29 PM »

This week I am meeting with Vitalik to discuss a partnership between our two projects.  We spent several hours last night and 5 hours to day talking about blockchain technology and challenges we both face.   I am happy to report that we are finding some common ground and are planning more regular collaboration.

Some of the things we have discussed is:

Moving Ethereum to DPOS
Honoring AGS/PTS with some of the stake saved by not mining Ether.
Distributing the Mining Rewards via Delegates
Improving the performance of Ethereum
BitAssets, DNS, and other market algorithms.

Vitalik seems to be of the opinion that DPOS is the way to go and the best overall compromise.  He appears to recognize proof of work as dead and I have shown him that the "nothing at stake" argument does not apply to DPOS.    We will be working to improve upon DPOS.

With respect to Turing Completeness and claims that Ether can do everything and anything, we had a deep discussion regarding the lack of first class data structures (heaps & trees) in Ether and even had some discussion on alternative abstraction on their data store.    DPOS could significantly enhance the types of contracts ethereum could run by greatly increasing speed and effectively eliminating the potential for chain reorganizations. 

Effectively my goal is to make both projects better and to secure AGS/PTS holders a stake in Ether.  Our two communities can then work together to fill the various niches in the DAC ecosystem as we both agree that in its current incarnation Ethereum is not well suited to implementing many of the algorithms we have proposed for BitShares DACs.

Other areas of potential collaboration is our wallet technology.  Our architectures are very similar and there is potential we may be able to combine resources here.

Vatalik is a smart guy and the two of us working together really helps sharpen both of us. 

Nothing final at this stage, but I am optimistic a lot of good will come out of this.



« Last Edit: August 15, 2014, 08:29:59 PM by Stan »
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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 Empirical1

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Re: Ethereum & BitShares Partnership
« Reply #1 on: August 15, 2014, 06:09:35 PM »
 +5%  +5%  That sounds great! Thanks for letting us know!

I guess Vitalik must be happy for us to share that info? - That Vitalik/Ethereum is strongly considering DPOS?

Offline Riverhead

Re: Ethereum & BitShares Partnership
« Reply #2 on: August 15, 2014, 06:11:36 PM »
Awesome!!!

Offline bytemaster

Re: Ethereum & BitShares Partnership
« Reply #3 on: August 15, 2014, 06:12:28 PM »
+5%  +5%  That sounds great! Thanks for letting us know!

I guess Vitalik must be happy for us to share that info? - That Vitalik/Ethereum is strongly considering DPOS?

Vitalik and I are not very "political" and mostly care about the best technology for the job.   I am merely expressing my perspective on the conversation and will let him speak for himself.   
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 Empirical1

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Re: Ethereum & BitShares Partnership
« Reply #4 on: August 15, 2014, 06:14:33 PM »
+5%  +5%  That sounds great! Thanks for letting us know!

I guess Vitalik must be happy for us to share that info? - That Vitalik/Ethereum is strongly considering DPOS?

Vitalik and I are not very "political" and mostly care about the best technology for the job.   I am merely expressing my perspective on the conversation and will let him speak for himself.   

 +5%

Offline Shentist

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Re: Ethereum & BitShares Partnership
« Reply #5 on: August 15, 2014, 06:16:45 PM »
for me you both are the brightest stars in crypto and if we good join forces with ethereum both projects could be improve a lot. so you are the alpha and the omega in bitshares  +5% +5%

Offline testz

Re: Ethereum & BitShares Partnership
« Reply #6 on: August 15, 2014, 06:25:09 PM »
5 x  +5%  :)

Offline xeroc

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Re: Ethereum & BitShares Partnership
« Reply #7 on: August 15, 2014, 06:40:28 PM »
holy moly .. that sounds soooo amazing ... good job you two ..
BM as usual focuses on hard facts and technology instead of politics and blahblah .. +5% awesome
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Offline soniq

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Re: Ethereum & BitShares Partnership
« Reply #8 on: August 15, 2014, 06:43:49 PM »
double damn!!   great news   +5% to the infinate power
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Offline bobmaloney

Re: Ethereum & BitShares Partnership
« Reply #9 on: August 15, 2014, 06:45:44 PM »
"The crows seemed to be calling his name, thought Caw."
- Jack Handey (SNL)

Offline Xeldal

Re: Ethereum & BitShares Partnership
« Reply #10 on: August 15, 2014, 06:57:35 PM »
Music to my ears. This is fantastic!  A dream team.  +5% 

Offline xeroc

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Re: Ethereum & BitShares Partnership
« Reply #11 on: August 15, 2014, 07:00:28 PM »
Too bad AdamBL is gone for the dogeparty .. :D

pretty sure he would have had an opinion on this :)
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Offline Empirical1

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Re: Ethereum & BitShares Partnership
« Reply #12 on: August 15, 2014, 07:04:31 PM »
for me you both are the brightest stars in crypto and if we good join forces with ethereum both projects could be improve a lot. so you are the alpha and the omega in bitshares  +5% +5%

 +5% 'Two heads are better than one' and now arguably the two best heads in crypto are working together for mutual benefit! It doesn't get much better than that! https://www.youtube.com/watch?v=1q9VEKdoCkA


I re-posted it here... https://bitcointalk.org/index.php?topic=740684.0

Offline luckybit

Re: Ethereum & BitShares Partnership
« Reply #13 on: August 15, 2014, 07:09:49 PM »
This week I am meeting with Vitalik to discuss a partnership between our two projects.  We spent several hours last night and 5 hours to day talking about blockchain technology and challenges we both face.   I am happy to report that we are finding some common ground and are planning more regular collaboration.

Some of the things we have discussed is:

Moving Ethereum to DPOS
Honoring AGS/PTS with some of the stake saved by not mining Ether.
Distributing the Mining Rewards via Delegates
Improving the performance of Ethereum
BitAssets, DNS, and other market algorithms.

Vitalik seems to be of the opinion that DPOS is the way to go and the best overall compromise.  He appears to recognize proof of work as dead and I have shown him that the "nothing at stake" argument does not apply to DPOS.    We will be working to improve upon DPOS.

With respect to Turing Completeness and claims that Ether can do everything and anything, we had a deep discussion regarding the lack of first class data structures (heaps & trees) in Ether and even had some discussion on alternative abstraction on their data store.    DPOS could significantly enhance the types of contracts ethereum could run by greatly increasing speed and effectively eliminating the potential for chain reorganizations. 

Effectively my goal is to make both projects better and to secure AGS/PTS holders a stake in Ether.  Our two communities can then work together to fill the various niches in the DAC ecosystem as we both agree that in its current incarnation Ethereum is not well suited to implementing many of the algorithms we have proposed for BitShares DACs.

Other areas of potential collaboration is our wallet technology.  Our architectures are very similar and there is potential we may be able to combine resources here.

Vatalik is a smart guy and the two of us working together really helps sharpen both of us. 

Nothing final at this stage, but I am optimistic a lot of good will come out of this.

 +5% +5% +5%

+5%  +5%  That sounds great! Thanks for letting us know!

I guess Vitalik must be happy for us to share that info? - That Vitalik/Ethereum is strongly considering DPOS?

Vitalik and I are not very "political" and mostly care about the best technology for the job.   I am merely expressing my perspective on the conversation and will let him speak for himself.   

That is something I have in common with you two and a position I respect.

With DPoS if they decide to go with that they can use virtual mining or any mechanism they want to attract miners and with virtual mining I don't see the really bad aspects yet it preserves a lot of the good.
« Last Edit: August 15, 2014, 07:19:06 PM by luckybit »
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Offline santaclause102

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Re: Ethereum & BitShares Partnership
« Reply #14 on: August 15, 2014, 07:15:10 PM »
Quote
BM as usual focuses on hard facts and technology instead of politics and blahblah .. +5% awesome
+5% +5% +5%

Thanks for sharing it like this on the fly!

 

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