0 Members and 1 Guest are viewing this topic.
Quote from: Thom on February 28, 2016, 06:10:56 pmWTF - Worldwide Trading is Fun (BTD - Better Than Doge)I thought:What The Fuck?
WTF - Worldwide Trading is Fun (BTD - Better Than Doge)
Ethereum has been working for over a year on replacing bitcoin's slow and wasteful proof-of-work consensus formation algorithm with a proof-of-stake system with many better features.
The buzzwords of 2016 will be 'smart contract', 'Merkle tree' and 'proof-of-stake'.
Proof of Bandwidth
Quote from: BunkerChain Labs on February 08, 2016, 07:10:02 amBitshares runs on POO huh? Maybe we can spin that as the eco-environmental biofuel angle. I have just realized what word this will create This was not intentional. Nevertheless, maybe we could came up with something with similar meaning.
Bitshares runs on POO huh? Maybe we can spin that as the eco-environmental biofuel angle.
After reading a thread Will you vote yes on Bytemaster's "free transactions" proposal that he talked about at last shareholder meeting? and listening last beyond bitcoin hangout now I understand why this topic was created.BM idea for me seems to be very innovative. I really like the idea, that I can buy not only a cryptocurrency, but also a right to use it bandwidth in the future. Right now bitcoins transfers seems to be cheap, but we do not know, what will happen, when Moore's law will stop work... and bitcoin network will have to rise the fees. It may be possible, that bitcoin will not scale to global usage so easily.In the other hand, right now I can buy very easily significant amount of bitshares (because it is cheap) and buy the right to have a priority to use bitshares network for transactions.I really like the analogy with shared house in the mountain, which can be used by all owners, according to some rules. Having that in mind, I would like to propose new name:Proof of Ownershipit is simple, flexible... and all of us like to own things This will be very easy to explain to people, that with buying a bitshares they also buy rights to:- use network infrastructure- vote through a system and make a decisions about their property- as owner of the network they acquire rights to hire people (developers, witnesses)- own the future profits (through the network effect) + future optional feesPeople love to collect different things, what means that word "Ownership" has very positive connotation.
Quote from: bytemaster on February 04, 2016, 09:06:55 pmthere is another way to describe DPOS consensus without using POS. Leave it alone, focus, get back to work, get us the list of stuff promised on the bitshares.org homepage. Please.
there is another way to describe DPOS consensus without using POS.
Totally agree with this^^No one cares about proof of whatever... as long as it's secure, which most cryptos have already proved to be.
All network parameters, from fee schedules to block intervals and transaction sizes, can be tuned via elected delegates
Quote from: Stan on February 05, 2016, 05:45:17 pmQuote from: -banano- on February 05, 2016, 07:26:51 amwhat's wrong with calling us "proof of work"?what do you call your miners?"workers"ok thenBitcoin calls their workers: "miners" so they should change their name to Proof of MineWhat are our workers doing that bitcoin's "miners"(workers) aren't?Bitshares is more POW than bitcoin if anybody asks me, but since we are on the coinmarketcap 100, nobody asks or cares what consensus model you use anymore because none have been hacked and none are 100% decentralized.No, shet, who cares about about proof of work/burn/stake/importance/activity, none are perfect, and all are secure.All money cares about now is features. Ever hear of Ethereum, Factom, Emercoin, Alexandria, Zcash, Synereo, Maidsafe, etc.It's 2016 already, the proof of "who cares what" is irrelevant to the "what can I use it for?" question.Proof of consensus was Bitcoin1.0Proof that your application works is what everyone wants to know about since "proof of anything" has been proven secure from hack/theft.Tell me this :When was the last time you had a discussion about "doublespending?"See, that conversation was abandoned back when we abandoned the POW vs POS arguments ultimately realizing that it is an argument of opinion like what would you do if I started a "what's your favorite flavor of ice cream or nationality of woman?" thread etc...what we are really just doing here is proof of masturbation... When is the DARK DEX going to be ready?
Quote from: -banano- on February 05, 2016, 07:26:51 amwhat's wrong with calling us "proof of work"?what do you call your miners?"workers"ok thenBitcoin calls their workers: "miners" so they should change their name to Proof of MineWhat are our workers doing that bitcoin's "miners"(workers) aren't?Bitshares is more POW than bitcoin if anybody asks me, but since we are on the coinmarketcap 100, nobody asks or cares what consensus model you use anymore because none have been hacked and none are 100% decentralized.
what's wrong with calling us "proof of work"?what do you call your miners?"workers"ok thenBitcoin calls their workers: "miners" so they should change their name to Proof of MineWhat are our workers doing that bitcoin's "miners"(workers) aren't?Bitshares is more POW than bitcoin if anybody asks me, but since we are on the coinmarketcap 100, nobody asks or cares what consensus model you use anymore because none have been hacked and none are 100% decentralized.
Or a giant middle finger.
Distributed Shared ConsensusorDecentralized Shared Consensus
You need to have a white paper discussing the byzantine tolerance, the possible attack vectors, the mitigation, the game theory etc etc - then you will at least have something to direct people towards.
The whole movement of the Left capitalist critiquing clique, when they finally realize that blockchain based value transfers is the future, will decidedly favor green ecological POS with governance structures over machine-like, energy intensive POW. The fact that everyone is moving to POS, masternodes etc. puts us ahead of the curve, and the fact that ETH are moving to POS should completely vindicate our pioneering role.I am not sure who you have been talking to recently, but for my part I see the mood having shifted gradually in our favor all through 2015. I don't think any longer the POS/POW debate is our weak spot. We're rather back to the fact that BitShares is confusing to people, that we have fewer developers joining in, and that people are unsure about the market mechanics and how all that will work.The primary challenge as I see it is to convince the left that this apparently cynical, capitalist cryptocurrency/cryptoshares new internet value transfer economy really is the best chance we have to restructure the existing financial system in a way that provides transparency for big actors, anonymity for small actors, lower barriers of entry for value creation in the third world, and giving the means and power back to the people to self-organize in meaningful ways without centralized structures of authority.
DPOS is an innovation to be proud of.....it is fundamental to the existence of the BitShares network and Graphene technology. I welcome as much integration and co-operation with other blockchain projects as possible, but it's everyone else that matters more in terms of adoption.I completely support Monsterer's suggestion for a white paper.I don't think we should re-brand BitShares without a serious re-examination and optimization of all the marketing material/information (including the website) has been completed. We need a comprehensive plan for targeting our chosen market/s and to adjust the material towards that goal. Only then will we really know if there is a problem with the name of the network/community/platform.
If we can afford changing names, I think the name "BitShares" is our biggest marketing liability.Never too late to fix it...
Proof of Stake seems to mean different things to different people. The early POS systems where flawed. In most of the discussions on POS I see people throwing out strawmen. Even worse, people won't give anything with a POS label the time of day, they have already written it off.So when we say DPOS we automatically lose people. We need to get through people's knee jerk reactions.So I am curious if there is another way to describe DPOS consensus without using POS.
Quote from: abit on February 04, 2016, 11:57:07 pmQuote from: monsterer on February 04, 2016, 10:01:42 pmYou need to have a white paper discussing the byzantine tolerance, the possible attack vectors, the mitigation, the game theory etc etc - then you will at least have something to direct people towards.Honestly, I agree with this.I would love to help out here, but I have no idea about all the details that Dan already figured out in his head
Quote from: monsterer on February 04, 2016, 10:01:42 pmYou need to have a white paper discussing the byzantine tolerance, the possible attack vectors, the mitigation, the game theory etc etc - then you will at least have something to direct people towards.Honestly, I agree with this.
I think that instead of shying away from the algorithm that has proven successful thus far, we should have a blog post that defends it and addresses the FUD that comes from people like Andreas.I agree with Jakub in that if we rename DPOS, people will see it as a sign of weakness.
proof of vote
We are indeed treated like a pariah in the cryptoworld, but I don't think much of it stems from the name DPOS.IMO, the problem lies much deeper.Anyway, if we change DPOS to something else, this would be the most likely reaction:"You see? They're trying to hide the problems we were talking about."While actually the opposite is true: we have not identified any fatal problems and DPOS has proved to be something much more powerful than anybody could've expected 2 years ago.If we can afford changing names, I think the name "BitShares" is our biggest marketing liability.Never too late to fix it...