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General Discussion / Re: Interviewing ProtoShares/AngelShares Honoring DAC Devs
« on: February 12, 2014, 11:37:43 pm »
I'll definitely be interested. Please feel free to PM me and we can figure it out.
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If I had the skills to do a video series I'd send a comprehensive and detailed plan to Invictus ASAP. Bytemaster mentioned a Shark Tank-like strategy.@Clains, if you ever feel like joining up with me I would have no worries. It is my hope that experts from the community will lend themselves to the effort organically after they realize my motives. An honest and passionate community can kickstart this in ways we've never before thought possible. At first, it will likely not be professional quality, but what matters is the message...thought-provocation and reaching out to a broader audience to teach them about crypto in general and the tools and utilities that will make their lives the 2.0 version of what it is today. We don't have to model ourselves after traditional shows btw! This SHOULD be organic and build in scale/visual quality as we naturally grow.
Looking like some things are starting to naturally catch already. I will love to see community members wrap their arms around this...
As always, I am thankful to have found this board and thankful for all those who actively participate in this extremely valuable experience.
IMO a robust reputation/trust system will enable a new frontier of possible DACs. There are many proposed approaches to this problem. Let's discuss and collect ideas.
Idea #1
Each person has their own asset in a prediction market over contract fulfillment. When I make an agreement with someone that requires trust, I make them stake their rep on it by exposing it to a prediction market. It pretty much eliminates all counterparty risk if I can write my contract in a way that allows proof-of-breach and then hedge my contract by shorting that person's reputation.
Idea #2
PageRank-esque web-of-trust, with "initial rep" (in pagerank it's the raw text relevance) set by proof-of-burn. Weighting scheme ideally would make any strategy other than burning a few satoshi and then acquiring trust useless, and "reputation pumping" would be difficult for the same reason link-trading is difficult.
Option 3, apply game theory. Make them put some Bitshares as collateral so that if there is a dispute they lose whatever is held in collateral. This way we can quantify trust in accordance to how much they hold in collateral.
This is basically like a security deposit. If things go just fine then they'll keep whatever is in collateral but if they try to scam or if they don't keep their end of the deal then we redeem for the Bitshares in collateral.
No need for over complicated prediction markets. If you want me to trust you then you should take either an equal amount of risk or greater risk. If I lose you lose with me and that is mutually assured destruction.
Can someone explain how/if Transaction Malleability affects Bitshares PTS and X?Same codebase ... see the wiki.bitcoin.it wiki for that malleability ... not so interesting in general .. mtgox's software fucked up .. not bitcoin
I think BTCe did best: 102 USD/BTC
Can someone explain how/if Transaction Malleability affects Bitshares PTS and X?
https://www.mtgox.com/press_release_20140210.html
Comments from PeerShares lead on BitShares: http://www.peercointalk.org/index.php?topic=527.msg8780#msg8780QuoteBitshares is promising to develop a wide variety of banking, exchange and securities related functionality. It is a very ambitious project. The scope of Peershare is much more narrow, which makes its completion more practical. So far Bitshare has not detailed how its wide array of functionality will be implemented to the extent that I have detailed the proposed implementation of Peershare.
I would be delighted if they succeeded in their objectives as it would completely transform the crypto economy, multiplying its usefulness many times. I hope they succeed. To date they have only produced a CPU mined proof of work altcoin called Protoshares, which they say represents the value of all the innovations that will be produced by Bitshares by way of a "social contract" according to Daniel Larimer in an interview on Let's Talk Bitcoin. A cynical person might say this narrative is a way to pump their rather ordinary altcoin (promising it will be developed into much more than an ordinary altcoin). A less cynical person might say they are really focused on delivering functionality and that Protoshares provides people a way to buy a stake in its success in just the way that buying a stake in Bitcoin encourages people to develop it further to increase the value of their stake. I hope they are able to deliver but it is also possible that as time passes the consensus that develops will be that this is a scam.
I will remind everyone that I have not asked for people's money or asked them to invest in anything of my creation.
People are very quick to throw out the possibility of scams... well they won't have to wait long to see BitShares X in action which will make PeerShares far less interesting.
If I had the skills to do a video series I'd send a comprehensive and detailed plan to Invictus ASAP. Bytemaster mentioned a Shark Tank-like strategy.@Clains, if you ever feel like joining up with me I would have no worries. It is my hope that experts from the community will lend themselves to the effort organically after they realize my motives. An honest and passionate community can kickstart this in ways we've never before thought possible. At first, it will likely not be professional quality, but what matters is the message...thought-provocation and reaching out to a broader audience to teach them about crypto in general and the tools and utilities that will make their lives the 2.0 version of what it is today. We don't have to model ourselves after traditional shows btw! This SHOULD be organic and build in scale/visual quality as we naturally grow.
If you have chops, I want to give you a platform. Honestly Invictus should be the sole sponsor of this show for the first six months at least.
email me adam@letstalkbitcoin.com I'm talking with a guy over at NXT who is doing the same thing for their community, I want to have a show for every metalayer They all have their own developing, rich ecosystem and I want to keep up on all of them but don't have enough time lol. I could do four hours a week, and then take the best segments from each week to make a show that mixes content from all protocols.
Yes, though the whole point is that the canvas will be easy to paint. I can believe some altcoins, name systems, and other simple stuff will appear within just the first few days. Not sure they have even a single profitable DAC idea though =P