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http://letstalkbitcoin.com/e80-beyond-bitcoin-uncut/
Just imagined Dan (Notenstein) handling that team......Today I updated the proof of stake processing / calculation for blocks.
I also updated checks for block time stamps.
I restored the nonce + target difficulty settings
I implemented the algorithm to adjust the difficulty based upon total CDD
To summarize the latest changes with proof of stake I can say this:
If there are no CDD by a block then the difficulty is 1 million times harder than the 'target'.
As the CDD by a block approaches 1/4 the expected average the difficulty approaches the 'target'.
A miner that has some of their own CDD that they do not broadcast can get a mining advantage by destroying some of their own CDD to reduce difficulty. Of course all miners/owners have equal advantage here and thus this creates demand to consume at least 1/4 the average CDD per block.
Miners that don't own any shares must wait until enough transactions are broadcast before they can start mining effectively.
End result: on average enough CDD is destroyed every block to provide greater security than bitcoin provides every block and it is near impossible to produce significant chains in secret.
Because a mining advantage exists based upon how many shares you own, solo mining is more likely than pool mining. For pool mining to be effective, everyone would have to transfer their money to the pool operator.
I believe that NO ONE would be able to mine the chain continuously without at least 25% of the share supply because if you owned any less you would run out of CDD and mining difficulty would hit 1M times your hash power. We can thus conclude that someone with 1% of the shares would be unable to create a chain in secret longer than a few days assuming they also had 51% of the hashing power.
Overall I conclude the chain is more secure than BTC by an order of magnitude even though only a small fraction of the fees 1% are paid to miners for their efforts.
The camps seem like a realistic approach to me that reflects the ambiguity of reality perception but labeling it as a sure way to finally find "the truth" doesn't reflect this realism
No! I continuously point out that Canonizer.com has nothing to do with "the truth". You quote that as if I said or "labeled" it as "the truth"?
Canonizer.com is only building and measuring for consensus, and for what people currently think they want, concisely, quantitatively, and in real time - nothing more.
Dividends come from transaction fees.
Sent from my iPhone using Tapatalk
Diversification is key, so they will be launched in simplest form first and move toward most complex.
0% requires no new code and is done today.
5% requires some tricky new code...
Variable % requires some very tricky new code...
So we will release them as we make progress.
Why not decentralize this and give a material incentive to the nodes to be nodes? Without an incentive the biggest stakeholders or those with non-material goals would run nodes. But the system itself doesn't guarantee that nodes are run. After, mate - sorry.
Looks like you sent the transaction 17 minutes before deadline. It took 24 minutes to confirm which is quite common (current bitcoin block interval is a little over 10 mins). Its a bit sad that the thread I created doesn't seem to have much effect https://bitsharestalk.org/index.php?topic=2321.0
To repeat - everybody send at least 40 minutes in advance (for both BTC and PTS).
Works often enough
Angelshares.info and http://www1.agsexplorer.com/# are not always correct / on time, right? There is sometimes a lag / delay...
A small delay after its confirmed, yes.
Note that it takes only confirmed transactions. The time of first confirmation is considered the donation time.
