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Did you guys see this?
http://forum.ethereum.org/discussion/261/possibly-closed-to-u-s-investors#latest
Yes I think there have been some threads on BTT, but nothing like NXT thread.Interesting but guess they could just use bitshares
Makes me wonder if 3I manage to hire any C++ developer now that the project started 3 month ago. In fact It will be cool to know if they mange to hire anyone lately or if there is a proactive plan to do that anytime soon. Hope that upcoming newsletter will have some positive news in it.
It might be helpful to incorporate bitshares / I3 discussions more into BTT in order to attract good developers. Something like an active Bitshares Topic, like the NXT thread... What do you think? might be dificult though because all the activity is here now which is a better to organize discussions...
The coming newsletter is amazing, our best yet, and we have about 5 developers lined up.
!!
Today I made more progress on the block generation and validation algorithm. The wallet has successfully mined a few blocks and the difficulty goes up when there is not enough Proof of Stake.
Tomorrow I will do the following:
1) Select inputs from your wallet oldest-first so that your transactions can be validated as quickly as possible and contribute the most to securing the chain.
2) Automatically generate transactions to yourself if it will generate enough CDD to reduce the difficulty to the minimum amount.
In response to the question about eliminating mining, I have concluded that ripple-style consensus would have more downsides than straight up POS mining. Namely, even with 100 nodes people would call it centralized. I will probably work on a consensus based system in the future, but the POS mining is easier now.
Unlike NXT most of the transactions fees are paid as dividends and only a small portion paid to miners. Also unlike NXT, everyone is contributing to the security of the network when they make a transaction.
To my understanding, at least in the MVP, the Ripple style consensus and the neural network style positive feedback loop is abandoned. Am I wrong?
If it is true and you have already made the decision, I suppose a more clear and official announcement needs to be made.
-Protoshare Gpu mining is is just a little better that CPU mining, so to me this was a success.
- Invictus first release was Protoshares. The innovation that was introduced was the Proof-Of-Work algorithm that was supposed to be hardened or resistant based on memory bus speeds. However this was not successful.
- Protoshares was also not the most ideal form of crowd-funding for the company so they confused the matter and hurt early adopters of Protoshares by introducing AngelShares. Regardless of how the math works out, introducing another form of investment seed into the company confused/goes back on the social contract.
- Invictus planned to release keyhotee the first product on NYE 2013. That was not a success. The next status and estimate was late January. That was not a success. Now you are saying end of february, without a hard committal date.
- Invictus plans on releasing bitshares its real first claim to fame, and one of the first originators of distributed exchange concept. Here we have no real idea where they are in development, and what the release date is. Meanwhile we have other big ventures competing in the space WITH a release date
I agree that Invictus it is very open and we all appreciated you transparency as a company. This it is one of the reason we have trust in bytemaster and the full 3I team. Indeed you provided a good solution about the daily updates and this should solve the problem you are a programmer after all . I have no doubt that all of you are doing a amazing job and advancing as quickly as you on can in all fronts. Keep up the good work !!!Listen, if you guys could just pick a date, commit to that date, and release on that date. I wouldn't even want a status update. Also I never even wanted daily status updates. That's something that the CEO OF THE COMPANY asked you to do in public, and not only you refused, you are arguing with your investors on WHY YOU FEEL you shouldn't do it.So, you don't think it's reasonable for me to explain why I disagree with generating daily status reports or to propose an alternate method of delivering this information? Invictus isn't a dictatorship. We debate issues like this, then move ahead. Unlike most companies, we don't do it behind closed doors, we do it here on the forums, so that others have a chance to at least contribute their opinions. I apologize to anyone who's upset that I didn't register my disagreement on this issue earlier, but I hope I've provided a solution to this issue that should work for those who want daily information about Keyhotee and those who don't. I'm sure I'm not going to make you happy, but it's pretty clear from your 3 posts so far to bitshares.org that you're not a supporter of bitshares, and I personally believe that you're actively working against our success.
Might want to pull this quick and re-upload without the 5%. It's well done, and it would be great if it spread widely, but much better if it spread widely without inaccuracies.
We still have plans for a 5% chain, after the 0% chain.
