Just need to change the D and we've got something completely different!

Dispersed Anonymous Society - or Scattered Anonimous Consensus (DAC) for the OCDs.

Would be useful to include an option for DAC [coins *] =Meta | Protocol 2.0 coins, such as MSC; NXT; XCP; PTS and when they appear ETH; NEM
See an example of that selection exists at http://dacindex.com/

So, this is half an idea but I'm going to throw it out there anyway..


The problem:

There is a central authority, for postcodes. In the spirit of doing away with the need for central authorities, I wonder then a DAC might be useful.


The motivation:

There is value in having consensus.
UK Postcodes alone are valued at £1.8bn a year. See http://www.bbc.co.uk/news/business-26605375 for the recent reaction to learning that UK.gov sold off that postcode detail.


The solution?:

As much of an idea as I've had then is to setup a DAC as a reference for addresses - postal addresses and other real world place markers.

Rather perversely, I'm not sure whether this needs a blockchain, as there is no transfer required but instead just a consensus on what the reference is. So, a simple match of the address in a standard format, perhaps is the private key that gives a public unique reference address, which perhaps would be useful for automation and engaging the real world in a standard way. I wonder this almost calls for a reversable key rather than an encrypted one.

I'm struggling then to see how this might be implimented in a way that is easy to reverse, given that normally the move from private key to public address involves a loss of information.

If such a reference can be easily reversed, even if by lookup on the 'blockchain'; and if consensus could be found for such a reference, then 'profit' follows from the savings made from the efficiency such a reference provides.

If it is a lookup service, then populating the data might be a problem; if the public address is easily reversed to the 'private' full address, then no population of a blockchain is needed. This then I wonder is where the idea falls short.. If you need to populate the blockchain then that is tough data to get, if you don't then what is the point?.. and yet consensus is value, so how to secure that value??


The reward:

Not for profit but as a loss leader. If there was a good way to make this consensus and do away with central authorities, then perhaps providing such a simple reference service for free would be a useful catalyst for engaging a wide audience for other DACs?


Disclaimer: I'm not a clever man, so not in a position to implement any of this myself.

Brain over.

If it becomes a problem, then surely a simple switch to a PoS alternate would work?.. I expect once the first or first couple of product are released that interest in PTS might continue regardless.

Also now unimaginatively duplicated as [ANN]WhatFund:Descendant of BitShares

I'm waiting for the wallet to rule them all; one which plays host to many coins and offers a user one public address that can then accept all flavours of coin.

Were those DAC builders perhaps not owning AGS/PTS and feeling excluded themselves?.. just a guess but perhaps to be expected that those who are part of this culture will more likely honor it. I'm too new to know much of MMC and NRS but also then wonder I'm less likely to engage with those that do choose to act outside the AGS/PTS social consensus. If you honor that, then you immediately have an engaged audience; and if you don't, then it's more of a gamble.

Would it not follow in some complex way, from a measure of the activity required to settle a market to the point that makes it invulnerable to a single player pumping and dumping, coupled with the frequency that people use it? So, volume * bell curve of useage = X.

I don't know, how complex the market might seem to those holding BTS initially, how many of those will understand the options avaliable and then engage with actions avaliable to them.

Whatever the reality of the minimum, any effort put in now to encouraging people to understand what BitShares X are, will pay off later and help avoid people waiting to witness other's actions. Cater for the stupid rich; and the poor but financially saavy, give them confidence and perhaps abc examples of exaclty what is on offer and watch how engaged that audience is to better sense what activity might happen from the get go.