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MemoryCoin / Re: MemoryCoin on reddit
« on: April 15, 2014, 04:42:50 pm »Yeah I need to find out who owns it.Pretty sure it's Freetrade
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Oh - I thought it was you! Not me.
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Yeah I need to find out who owns it.Pretty sure it's Freetrade
I would prefer that freetrade agree to keep maintaining the client and be part of the community. It is up to him. Invitation sent and waiting for reply......
AGS and PTS are like having two children.
I can't imagine favoring one over another.
But remember, each represents a constituency that DAC developers will wish to court.
One gained their stake by mining or purchasing. The other by funding real infrastructure.
Will developers wish to attract the support of one group more than the other?
We'll see what the market decides!
- I think you had it right in another post that market is coming round to developers getting a fairer share for their work. A developer who got 5% pre-mine would be seen much better in the eyes of the community than developers who organised a big airdrop in such a way that it left them with a 5% stake because of unclaimed shares.
vesting period might weed out the impatient opportunists
How do we create a "natural selection" process which
selects for people who will save and support and
selects against those who will grab and dump.
I didnt claim either, but, as i understand it MMC are always there to be claimed if the value were to rise.
Does MVTEchao4RjkTTyjMcYf8dnpQ7BqJdNVhr go directly to peacegeeks.org ?
Yes, agree, I think I missed the bright ideas from bytemaster.
How about the ticket transactions vote for some from BOD, and not too many so could easy be collected.
I think using bitcoin chain is enough for a start DAC, but I guess we could never achieve the goal of beyond bitcoin after lotto growing large.
This means I would probably stick with letting the BOD do the drawing because they have a 99% uptime guarantee and are generally trusted. As long as a single one is honest you are ok.
With something like mining with heavy hash power applied you are more likely to profit by submitting the block than holding out hoping to win the lottery. After all, what are the chances that you could find 2 blocks before the rest of the network finds 1 relative to your chances of winning with the block you found?
So from my perspective a mining based approach creates a decentralized random factor that is probably good enough.
Without mining I could see something along the lines of each member of the BOD generating a secret random number in advance, revealing the hash of the network. Then after the designated drawing block all members of the BOD reveal their secret key. The secrets are all hashed together along with the hash of one block header of the drawing block.
With this particular structure the BOD would be committing to their secrete numbers long before the hash of the drawing block could be known. The only way to rig the drawing is for the BOD members to collude. If even one member is honest and keeps their information secret then the others are SOL.