BitShares Forum
Main => General Discussion => Topic started by: bytemaster on November 07, 2014, 03:41:37 am
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I would like to recommend that our community start referring to POW as proof of waste in all conversations about bitcoin.
I would then like suggest that we refer to our system as a "Real Proof of Work" system where by all stakeholders have come by their stake by doing valuable work.
Credit for this belongs to: John Underwood, former CEO of Sun Microsystems Australia who was visiting with us these past 2 days in VA.
http://ph.linkedin.com/in/underwun
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*Waste
lol. For being the genius you are, your grammar needs some work!
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*Waste
lol. For being the genius you are, your grammar needs some work!
I have always sucked at spelling ;) Memorization is not my strong suite... spelling cannot be reduced to logical abstractions.
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I would like to recommend that our community start referring to POW as proof of waste in all conversations about bitcoin.
I would then like suggest that we refer to our system as a "Real Proof of Work" system where by all stakeholders have come by their stake by doing valuable work.
Like it. I assume you mean Proof of Waste.
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proof of waist
(http://i.imgur.com/XqSgWsj.jpg)
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I honestly sat here for a bit wondering if you meant POW miners were fat'n'lazy and to not be as offensive as proof of waste. looolz.
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Real Proof of Work could also be conceived as a Proof of Value or Proof of Worth (e.g. its conceivable we could pay shares for capital already created - such as buying in another network or application).
But Real Proof of Work is a more pointed jab at bitcoin.
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I have always sucked at spelling ;) Memorization is not my strong suite... spelling cannot be reduced to logical abstractions.
I will quote you...and that means A LOT of quotes :)
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I would like to recommend that our community start referring to POW as proof of waste in all conversations about bitcoin.
I would then like suggest that we refer to our system as a "Real Proof of Work" system where by all stakeholders have come by their stake by doing valuable work.
I like it.
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LOL. It is proof of waste
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Credit for this belongs to: John Underwood, former CEO of Sun Microsystems Australia who was visiting with us these past 2 days in VA.
http://ph.linkedin.com/in/underwun
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Interesting company you folks are mixing with.
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Credit for this belongs to: John Underwood, former CEO of Sun Microsystems Australia who was visiting with us these past 2 days in VA.
http://ph.linkedin.com/in/underwun (http://ph.linkedin.com/in/underwun)
unofficial or official consultant?
Long term or was this a one off?
Appears this could have some nice potential for assistance.
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I love it! :)
Well done.
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Credit for this belongs to: John Underwood, former CEO of Sun Microsystems Australia who was visiting with us these past 2 days in VA.
http://ph.linkedin.com/in/underwun (http://ph.linkedin.com/in/underwun)
unofficial or official consultant?
Long term or was this a one off?
Appears this could have some nice potential for assistance.
John has been working with us and following our progress for almost a year. We are laying the ground work for how we can work together to support the remittance industry.
After the past two days I suspect good things to come from this relationship.
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Credit for this belongs to: John Underwood, former CEO of Sun Microsystems Australia who was visiting with us these past 2 days in VA.
http://ph.linkedin.com/in/underwun (http://ph.linkedin.com/in/underwun)
unofficial or official consultant?
Long term or was this a one off?
Appears this could have some nice potential for assistance.
John has been working with us and following our progress for almost a year. We are laying the ground work for how we can work together to support the remittance industry.
After the past two days I suspect good things to come from this relationship.
I love this new bitshares where we talk about positive developments and things that will cause growth and add value and change the world, rather than suffer through community drama. :)
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+5% for waste .. and another +5% for john ;)
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The picture of the bitcoin mining company that burned recently would be great to go along with 'proof of waste'.
(http://i.kinja-img.com/gawker-media/image/upload/s--vxmgcr2C--/c_fit,fl_progressive,q_80,w_636/pepxlzrotfmujmjwjp0c.jpg)
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For me the only issue with this is: I don't want to tank BTC price. If BTC keeps gradually rising 20% a month now during the coming year, we will have no problems at all establishing the superDAC and all our dreams will come true. If BTC keeps falling 20 % a month now during the coming year we are all majorly fucked my friends, and I think you all are delusional to deny it.
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I doubt we will tank the BTC price.
To me, there is one good way that the BTC price can tank - if it is surpassed by BTS.
Even then, I expect that what will occur is that while BTC goes up by a factor of 10, BTS will go up by a factor of 100.
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So what, have the user take a belly selfie and reference that against the NSA tummy database (NSATD)?
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The picture of the bitcoin mining company that burned recently would be great to go along with 'proof of waste'.
(http://i.kinja-img.com/gawker-media/image/upload/s--vxmgcr2C--/c_fit,fl_progressive,q_80,w_636/pepxlzrotfmujmjwjp0c.jpg)
Wow. Source?
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Wow. Source?
Tons of articles about it all over the internet.
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Wow. Source?
Tons of articles about it all over the internet.
Fine. I'll look. :p
I knew it was a bad idea to be away from the internet for 24 hours...