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General Discussion / Re: Are people really this ignorant of BitUSD?
« on: March 17, 2015, 02:59:35 am »This is a sad, sad thread. As ABL warned my similarly-minded friend, this will probably be pearls before swine, but I suppose I just can't resist the opportunity to do the right thing.
AB and GM are more than aware of Bitshares and DPoS, they just think that neither are any good, or even worth spending any time talking about. They laugh at 1:19:54 because all of the proof of stake ideas floating around today are just repeats of what was tried (and abandoned) in 2011 or earlier.
Having corresponded with Blockstream about this in particular, I know that at 1:21:28 Adam Back refers to "Working on What?" in my own anti-PoS blog post ( http://www.truthcoin.info/blog/pow-and-mining/ or, more specifically, his post https://bitcointalk.org/index.php?topic=907157.0 ). Then they discussed Nothing-At-Stake, and finally 1:23:45 AB refers to stake-grinding (from Poelstra's paper). All of that is in my post, and, in fact, after writing my post, multiple early Bitcoin-wizards wrote to me to basically say "You seem like a smart guy, you shouldn't waste your time on this because we've all moved on a long time ago. No knowledgeable people care about proof of stake anymore. Try working on X instead."
It is as RH comments here ( http://lesswrong.com/lw/gt/a_fable_of_science_and_politics/ ). That "people who learn the answer leave the conversation".
At 1:25:05, and 1:27:08, GM is poking fun at Bitshares (among other things).
As for BitUSD, there is no clear documentation of the constantly-shifting, constantly-ridiculous technical and economic methods by which BitUSD is constructed. There are too many examples of this to list, try https://bitsharestalk.org/index.php?topic=4692.msg59823 and note that "Howard" at http://www.truthcoin.info/blog/bitusd/ couldn't even source the BitUSD interest rate after several days of searching. All kinds of new, untested stuff (delegate feeds, market-matching algorithms) has been thrown together in an essentially embarrassing way.
Out.
This actually some of the most constructive criticism I've read on this forum. Thank you AI
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Really? Constructive? I read it several times to try and find something constructively critical and all I found was someone with an axe to grind and a blog to advertise.
He quotes with approval: "because we've all moved on a long time ago" and yet here he is again apparently still reading our forum for a chance to, ah, exactly what? Obsessed much?
"AB and GM are more than aware of Bitshares and DPoS, they just think that neither are any good, or even worth spending any time talking about." That's constructive criticism? Is he a a fly on their wall, or lives in their brains that he knows what they think when they don't state it?
The post is largely a sour grapes advertisement for his own blog and project and consists almost entirely of name-dropping and speculation.
Constructive criticism my ass.
Fully agree with this. I suspect that Carpet Ride was just sarcastic.