BitShares Forum

Main => General Discussion => Topic started by: bytemaster on January 08, 2015, 05:48:02 pm

Title: How to Measure the Decentralization of Bitcoin [BLOG POST]
Post by: bytemaster on January 08, 2015, 05:48:02 pm: http://bytemaster.bitshares.org/article/2015/01/09/How-to-Measure-the-Decentralization-of-Bitcoin/?r=bytemaster

http://www.reddit.com/r/Bitcoin/comments/2rru9h/how_to_measure_the_decentralization_of_bitcoin/
Title: Re: How to Measure the Decentralization of Bitcoin [BLOG POST]
Post by: Pheonike on January 08, 2015, 06:15:15 pm: typo

"however, the trust moddel is different in"
Title: Re: How to Measure the Decentralization of Bitcoin [BLOG POST]
Post by: btswildpig on January 08, 2015, 06:35:09 pm: however, the trust moddel is different in that since the delegates are not “self selected” and can be removed and thus it is unlikely to see 51% collusion.

added "since"
Title: Re: How to Measure the Decentralization of Bitcoin [BLOG POST]
Post by: mf-tzo on January 08, 2015, 06:51:34 pm: I am not very technical but if I understand correctly, the article implies that if bitcoin was to use DPOS it will be as well as decentralized as Bitshares at a rank 6 or 7?

Do we really want to wake up the bitcoiners and use DPOS by forking bitcoin especially since most of us are all in in Bitshares? If bitcoin was forked to use DPOS wouldn't that seriously hurt BTS price since we would lose our competitive advantage of DPOS vs. POWaste?
Title: Re: How to Measure the Decentralization of Bitcoin [BLOG POST]
Post by: bytemaster on January 08, 2015, 06:52:51 pm: Quote from: mf-tzo on January 08, 2015, 06:51:34 pm
I am not very technical but if I understand correctly, the article implies that if bitcoin was to use DPOS it will be as well as decentralized as Bitshares at a rank 6 or 7?

Do we really want to wake up the bitcoiners and use DPOS by forking bitcoin especially since most of us are all in in Bitshares? If bitcoin was forked to use DPOS wouldn't that seriously hurt BTS price since we would lose our competitive advantage of DPOS vs. POWaste?

Bitcoin is unlikely to every reach consensus on hard fork... while they were debating it everyone would move to BTS.
Title: Re: How to Measure the Decentralization of Bitcoin [BLOG POST]
Post by: clayop on January 08, 2015, 06:53:44 pm: Quote from: bytemaster on January 08, 2015, 05:48:02 pm
http://bytemaster.bitshares.org/article/2015/01/09/How-to-Measure-the-Decentralization-of-Bitcoin/?r=bytemaster

Clever :D
Title: Re: How to Measure the Decentralization of Bitcoin [BLOG POST]
Post by: islandking on January 08, 2015, 06:54:54 pm: You should write an article on the distribution of Bitshares. I guess it would be hard to show the distribution with TITAN though.
Title: Re: How to Measure the Decentralization of Bitcoin [BLOG POST]
Post by: bytemaster on January 08, 2015, 06:55:47 pm: Quote from: islandking on January 08, 2015, 06:54:54 pm
You should write an article on the distribution of Bitshares. I guess it would be hard to show the distribution with TITAN though.

Someone already did that analysis and posted it on the forum... can you find it for me?
Title: Re: How to Measure the Decentralization of Bitcoin [BLOG POST]
Post by: roadscape on January 08, 2015, 07:33:54 pm: IMO your last two articles (Measuring Decentralization & Nothing at Stake) have been the best in terms of efficiently elucidating key topics.
Title: Re: How to Measure the Decentralization of Bitcoin [BLOG POST]
Post by: btswildpig on January 08, 2015, 07:37:29 pm: Quote from: mf-tzo on January 08, 2015, 06:51:34 pm
I am not very technical but if I understand correctly, the article implies that if bitcoin was to use DPOS it will be as well as decentralized as Bitshares at a rank 6 or 7?

Do we really want to wake up the bitcoiners and use DPOS by forking bitcoin especially since most of us are all in in Bitshares? If bitcoin was forked to use DPOS wouldn't that seriously hurt BTS price since we would lose our competitive advantage of DPOS vs. POWaste?

If Bitcoin can change to DPOS , then no one would be fixated on Bitcoin anymore .
The holy Bitcoin should never abandon POW . Once it does that , then it's no better than any POS coin .
Title: Re: How to Measure the Decentralization of Bitcoin [BLOG POST]
Post by: bytemaster on January 08, 2015, 07:39:51 pm: http://www.reddit.com/r/Bitcoin/comments/2rru9h/how_to_measure_the_decentralization_of_bitcoin/
Title: Re: How to Measure the Decentralization of Bitcoin [BLOG POST]
Post by: svk on January 08, 2015, 07:50:23 pm: Quote from: bytemaster on January 08, 2015, 06:55:47 pm
Quote from: islandking on January 08, 2015, 06:54:54 pm
You should write an article on the distribution of Bitshares. I guess it would be hard to show the distribution with TITAN though.

Someone already did that analysis and posted it on the forum... can you find it for me?
We only have this kind of analysis for the genesis blocks AFAIK. I like your pie graphs and I'll add similar graphs for BTS and BTSX genesis blocks tomorrow.
Title: Re: How to Measure the Decentralization of Bitcoin [BLOG POST]
Post by: sschechter on January 08, 2015, 09:08:20 pm: Quote from: clayop on January 08, 2015, 06:53:44 pm
Quote from: bytemaster on January 08, 2015, 05:48:02 pm
http://bytemaster.bitshares.org/article/2015/01/09/How-to-Measure-the-Decentralization-of-Bitcoin/?r=sschechter

Clever :D

The blog of bytemaster is by far the best marketing initiative that we have seen - at least within the niche of early adopting crypto enthusiasts.
Title: Re: How to Measure the Decentralization of Bitcoin [BLOG POST]
Post by: islandking on January 08, 2015, 11:45:17 pm: Quote from: svk on January 08, 2015, 07:50:23 pm
Quote from: bytemaster on January 08, 2015, 06:55:47 pm
Quote from: islandking on January 08, 2015, 06:54:54 pm
You should write an article on the distribution of Bitshares. I guess it would be hard to show the distribution with TITAN though.

Someone already did that analysis and posted it on the forum... can you find it for me?
We only have this kind of analysis for the genesis blocks AFAIK. I like your pie graphs and I'll add similar graphs for BTS and BTSX genesis blocks tomorrow.

Svk that would be awesome. Show the top rankings of holders for each bracket. Like this:

1-100 BTS: number of accounts X% of supply
100-1,000 BTS: number of accounts X% of supply
1,000-10,000 BTS: number of accounts X% of supply
1,000-10,000 BTS: number of accounts X% of supply
1,000-10,000 BTS: number of accounts X% of supply
10,000-50,000 BTS: number of accounts X% of supply
50,000-100,000 BTS: number of accounts X% of supply
100,000-200,000 BTS: number of accounts X% of supply
200,000-500,000 BTS: number of accounts X% of supply
500,000-1,00,000 BTS: number of accounts X% of supply
1,00,000+ BTS: number of accounts X% of supply

Based on the genesis block. Would be interesting to see. Pie charts also sound awesome.
Title: Re: How to Measure the Decentralization of Bitcoin [BLOG POST]
Post by: bytemaster on January 09, 2015, 12:09:49 am: Quote from: islandking on January 08, 2015, 11:45:17 pm
Quote from: svk on January 08, 2015, 07:50:23 pm
Quote from: bytemaster on January 08, 2015, 06:55:47 pm
Quote from: islandking on January 08, 2015, 06:54:54 pm
You should write an article on the distribution of Bitshares. I guess it would be hard to show the distribution with TITAN though.

Someone already did that analysis and posted it on the forum... can you find it for me?
We only have this kind of analysis for the genesis blocks AFAIK. I like your pie graphs and I'll add similar graphs for BTS and BTSX genesis blocks tomorrow.

Svk that would be awesome. Show the top rankings of holders for each bracket. Like this:

1-100 BTS: number of accounts X% of supply
100-1,000 BTS: number of accounts X% of supply
1,000-10,000 BTS: number of accounts X% of supply
1,000-10,000 BTS: number of accounts X% of supply
1,000-10,000 BTS: number of accounts X% of supply
10,000-50,000 BTS: number of accounts X% of supply
50,000-100,000 BTS: number of accounts X% of supply
100,000-200,000 BTS: number of accounts X% of supply
200,000-500,000 BTS: number of accounts X% of supply
500,000-1,00,000 BTS: number of accounts X% of supply
1,00,000+ BTS: number of accounts X% of supply

Based on the genesis block. Would be interesting to see. Pie charts also sound awesome.

How about the November 5th distribution of DevShares?
Title: Re: How to Measure the Decentralization of Bitcoin [BLOG POST]
Post by: islandking on January 09, 2015, 02:51:04 am: Quote from: bytemaster on January 09, 2015, 12:09:49 am
Quote from: islandking on January 08, 2015, 11:45:17 pm
Quote from: svk on January 08, 2015, 07:50:23 pm
Quote from: bytemaster on January 08, 2015, 06:55:47 pm
Quote from: islandking on January 08, 2015, 06:54:54 pm
You should write an article on the distribution of Bitshares. I guess it would be hard to show the distribution with TITAN though.

Someone already did that analysis and posted it on the forum... can you find it for me?
We only have this kind of analysis for the genesis blocks AFAIK. I like your pie graphs and I'll add similar graphs for BTS and BTSX genesis blocks tomorrow.

Svk that would be awesome. Show the top rankings of holders for each bracket. Like this:

1-100 BTS: number of accounts X% of supply
100-1,000 BTS: number of accounts X% of supply
1,000-10,000 BTS: number of accounts X% of supply
1,000-10,000 BTS: number of accounts X% of supply
1,000-10,000 BTS: number of accounts X% of supply
10,000-50,000 BTS: number of accounts X% of supply
50,000-100,000 BTS: number of accounts X% of supply
100,000-200,000 BTS: number of accounts X% of supply
200,000-500,000 BTS: number of accounts X% of supply
500,000-1,00,000 BTS: number of accounts X% of supply
1,00,000+ BTS: number of accounts X% of supply

Based on the genesis block. Would be interesting to see. Pie charts also sound awesome.

How about the November 5th distribution of DevShares?

Yes that would be more up to date information on the distribution.
Title: Re: How to Measure the Decentralization of Bitcoin [BLOG POST]
Post by: Stan on January 09, 2015, 03:03:50 am: I'm disappointed.

This thread seems to have finally died out over on reddit.

Nobody will beat me up for posting this over there any more, so I can't tell if it's on the mark.

https://bitcointalk.org/index.php?topic=916696.msg10085453#msg10085453 (https://bitcointalk.org/index.php?topic=916696.msg10085453#msg10085453)

(http://i.imgur.com/bLI09.jpg)
Title: Re: How to Measure the Decentralization of Bitcoin [BLOG POST]
Post by: arhag on January 09, 2015, 04:09:33 am: Quote from: Stan on January 09, 2015, 03:03:50 am
https://bitcointalk.org/index.php?topic=916696.msg10085453#msg10085453 (https://bitcointalk.org/index.php?topic=916696.msg10085453#msg10085453)

Wow the OP in that thread is ridiculously funny. I can't tell if the poster is serious or a troll. Either way its more advertising for BitShares.
Title: Re: How to Measure the Decentralization of Bitcoin [BLOG POST]
Post by: svk on January 09, 2015, 06:48:29 pm: Quote from: bytemaster on January 09, 2015, 12:09:49 am
Quote from: islandking on January 08, 2015, 11:45:17 pm
Quote from: svk on January 08, 2015, 07:50:23 pm
Quote from: bytemaster on January 08, 2015, 06:55:47 pm
Quote from: islandking on January 08, 2015, 06:54:54 pm
You should write an article on the distribution of Bitshares. I guess it would be hard to show the distribution with TITAN though.

Someone already did that analysis and posted it on the forum... can you find it for me?
We only have this kind of analysis for the genesis blocks AFAIK. I like your pie graphs and I'll add similar graphs for BTS and BTSX genesis blocks tomorrow.

Svk that would be awesome. Show the top rankings of holders for each bracket. Like this:

1-100 BTS: number of accounts X% of supply
100-1,000 BTS: number of accounts X% of supply
1,000-10,000 BTS: number of accounts X% of supply
1,000-10,000 BTS: number of accounts X% of supply
1,000-10,000 BTS: number of accounts X% of supply
10,000-50,000 BTS: number of accounts X% of supply
50,000-100,000 BTS: number of accounts X% of supply
100,000-200,000 BTS: number of accounts X% of supply
200,000-500,000 BTS: number of accounts X% of supply
500,000-1,00,000 BTS: number of accounts X% of supply
1,00,000+ BTS: number of accounts X% of supply

Based on the genesis block. Would be interesting to see. Pie charts also sound awesome.

How about the November 5th distribution of DevShares?

I've added pie charts similar to the one in your article to the genesis info for the BTS and BTSX genesis blocks, as well as the DVS genesis block on the DVS version of bitsharesblocks.

http://bitsharesblocks.com/genesis-btsx
http://bitsharesblocks.com/genesis-bts
http://dvs.bitsharesblocks.com/genesis-bts

Surprisingly to me the trend is negative going from BTS to DVS: DVS is more centralized than BTS. I'm not sure what the sharedrop amounts actually correspond to for DVS though as I thought it was meant to be 100% BTS?

BTSX:
(http://i58.tinypic.com/nmgmtd.png)

BTS:
(http://i57.tinypic.com/sczy84.png)

DVS:
(http://i59.tinypic.com/5vzngm.png)