Quote from: Rune on November 01, 2014, 06:01:02 pm

This is not the official DNS team at all! this is completely unrelated to the bitshares team! If people are getting nervous from this thread having been posted, it should be deleted. Chinese people might understand only parts of it and think that DNS is getting restarted and the plans have changed again。

This might be a third party DAC, but they are proposing using the current DNS as proto shares.
So this will have implications for DNS and BTSX. So effectively it's no different from DNS restarting.

Well the idea has merits, but it may not be the right time to do it.
Call it KeyID or call it DNS as a third party DAC but please don't associated with the original Bitshares DNS. Right now Is is already confusing as is it and will hurt your DAC and it will hurt Bitshare too.

Actually third parties DAC forked from Bithsare toolkit is what we want   because this was the original vision of I3,  so KeyID and PTS DPOS are welcomed, but probably this is the worst moment because it will only add more to the panic and confusion.
Please keep working on this and when the time comes we all be all ready to welcome you  KeyID.  So keep on doing the good job bitcoinerS, you got toast support this is great.

Quote from: Graffenwalder on November 01, 2014, 04:50:48 pm

Really? This is just what we need right now. DNS getting a pump, and BTSX losing some more value.

I still support the Bitshares community, but Al these sudden announcements/proposals could be interpreted as some cheeky money scams.

Buy up DNS at all time low, then announce/propose to continue.

Yeah its almost as if new proposals are made deliberately to spread confusion.

We recognize that our community has been through quite a whirlwind as of late, and we are mindful of not causing additional concerns. To that end we will make every effort to present a clear picture of what we hope to achieve and why.

Hmmm....so will this in effect be competing with the SuperDAC's implementation of DNS? Sounds confusing to me...

BitShares DNS DAC will aim to reach a complementary development path with BitShares, each working on features beneficial to the other, but focusing on different applications and user groups within this large field.

A guiding principle is reciprocity. You have to give to receive in nature. If you plant a million seeds it might cost you time but it could yield a bounty of crops in the future.

I don't know how many people here believe in God but whether you do or you don't the earth we have is a gift. If you give to it you can get more from it in the future. A community works in a similar way where if you want to grow it you have to give resources to it so that in the future you can rely on it's gifts.

Let's look at what we have or could have:

1) Decentralized trust with privacy. We can trust each other enforced by algorithmic social measures instead of legal.

2) Decentralized reputation with privacy. We will know from experience how trustworthy we can all be in a way which can be quantifiable. The more "Big Data" we collect the more accurate our measurements will become and once again with algorithmic enforcement the scammer has to deal with the self enforcing contract.

3) Decentralized decision making with privacy. If we can trust each other and know each other's reputation then we become like a society of friends. We can trade with each other and make big important decisions while maintaining pseudo-anonymity (privacy).

On top of this we can organize ourselves into legal structures which promote and encourage trust/reputation. Basically the legal structures only really would have to exist to supplement the algorithmic social structures. The problems come when we speak in a language which attracts enforcement entities that our community does not need or want.

So we have to use the language which makes sense for what our community is trying to be. Our community will develop algorithms which will measure trust and reputation well enough that sooner or later there will not be a need for contracts. Just someone's word will be enough because their reputation will be their most important asset.

This means it will be in their own best interest to maintain that reputation. The threat of prison never really stopped people from scamming each other but if you wonder why everyone isn't a scammer it's because some people care more about their reputation and others don't. So by keeping score of how much each person cares about the community or how much each person gives back you can form legal structures around that data formula.

Decentralized trust and reputation are very powerful and I think so far most of the world underestimates how powerful. If we had those two components then all the institutions and legal enforcers set up wouldn't be necessary.