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
*Waste
lol. For being the genius you are, your grammar needs some work!
Quote from: fluxer555 on November 07, 2014, 03:42:49 AM
*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.
Quote from: bytemaster on November 07, 2014, 03:41:37 AM
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.
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.
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.
Quote from: bytemaster on November 07, 2014, 03:44:50 AM
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 :)
Quote from: bytemaster on November 07, 2014, 03:41:37 AM
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.
LOL. It is proof of waste
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
Interesting company you folks are mixing with.
Quote from: bytemaster on November 07, 2014, 04:11:17 AM
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.
I love it! :)
Well done.
Quote from: JWF on November 07, 2014, 04:41:23 AM
Quote from: bytemaster on November 07, 2014, 04:11:17 AM
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.
Quote from: bytemaster on November 07, 2014, 05:27:01 AM
Quote from: JWF on November 07, 2014, 04:41:23 AM
Quote from: bytemaster on November 07, 2014, 04:11:17 AM
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. :)
+5% for waste .. and another +5% for john ;)
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)
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.
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.
So what, have the user take a belly selfie and reference that against the NSA tummy database (NSATD)?
Quote from: Ander on November 08, 2014, 07:48:38 PM
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?
Quote from: roadkill on November 09, 2014, 12:05:45 AM
Wow. Source?
Tons of articles about it all over the internet.
Quote from: Ander on November 09, 2014, 03:04:27 AM
Quote from: roadkill on November 09, 2014, 12:05:45 AM
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...