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General Discussion / Best Wallet for Mastercoin
« on: December 19, 2013, 09:06:46 pm »
I've seen several wallets on the Mastercoin wiki, are any of them better than the others?
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I don't see how this would be any different for the miners from using the hash-cow mining pool to automatically switch between the most profitable coins. Here, the miners would be guided by people buying computing power from the DAC, and making less than if they just mined the coins directly. If you could put them to work on various projects with the BOINC protocol, then you might be onto something.
Amen on the BOINC protocol, too, btw. I am just trying to think of new ways Invictus could use decentralized means to gain more cash-flow with minimal effort.
cool to see everthing is in progress - thx byte for your update and explaining why we have a delay on it... Thumbs up - i like this transparent way of communication
The problem with all existing systems (except Ripple) is that blocks are 'centralized' in who defines the block. When you add markets to a blockchain this becomes a problem.
The Ripple algorithm allows many nodes to reach consensus and provided you have a solid set of Unique Nodes you don't have to trust any one node.
I believe that the Ripple algorithm can be used to build blocks, and transactions as proof-of-stake can be used to slowly ratify those blocks over time. Your transactions would confirm almost instantly and once enough CDD have passed the state is beyond reproach in the event all of the major UNL are taken down (internet Kill switch) and the network must restart on the other side.
Why should we try to replace something Ripple has already solved?
So you're proposing a hybrid system, that's a combination of Ripple's consensus algorithm, and transaction POS? I think this could work very well, and I like the idea of combining the fast confirmation time of Ripple with the added security of POS
Keyhotee helps build a darknet of solid UNL based upon all of your friends and family. Tie in a couple of 'super nodes' from major businesses and exchanges and the network consensus would be very robust.
The problem with all existing systems (except Ripple) is that blocks are 'centralized' in who defines the block. When you add markets to a blockchain this becomes a problem.
The Ripple algorithm allows many nodes to reach consensus and provided you have a solid set of Unique Nodes you don't have to trust any one node.
I believe that the Ripple algorithm can be used to build blocks, and transactions as proof-of-stake can be used to slowly ratify those blocks over time. Your transactions would confirm almost instantly and once enough CDD have passed the state is beyond reproach in the event all of the major UNL are taken down (internet Kill switch) and the network must restart on the other side.
Why should we try to replace something Ripple has already solved?
off-topic...but this thread is heated. sometimes its good to remember why we are all here...
And we all know why...but sometimes we need a reminder. Hope this finds you all well. I'm holding and buying, because I believe in this community. F not believing...the only time to not believe is when people stop caring. Obviously, that is not the case.
http://www.youtube.com/watch?v=uf8Fwiy0Bkc
Peace and Love to all you guys. You have become a family to me.
I think that should be included in keyhotee.
I agree. It would make an excellent addition to Keyhotee.
I believe we mention VOIP in our Keyhotee presentation. Keyhotee ID / Friend request would initialize the connection, once directly connected the rest is easy.
I would encourage the creation of PTS 2.0 (Angelcoins) that would be another 10% of Bitshares's 21 million, so 20% of total Bitshares would be claimed at the beginning through these two rounds of "venture".
THESE you could use in the way you want, where you let people invest weekly and they get a % of the Angelshares proportional to their Bitcoin or Protoshares contribution (and you should probably accept protoshares at a premium relative to Bitcoins)
2.1 million would be 21 months @ 100k Angelcoins per month - The deal stays the same with Protosharesholders, you get to raise a shitload of money to finance multiple DACs at once and try your new mechanism.
Most importantly, you haven't committed to what you'll do with the other 80%, so when you really solve the problem and have the RIGHT idea you won't have tied yourself down like you're trying to do with this 100% to PTS holders nonsense.
Who besides me would support this?