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Messages - liberman

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1
General Discussion / Re: Bitcloud, the protocol of Wetube, PROOF OF BANDWIDTH
« on: January 23, 2014, 02:25:17 pm »
Quote from: oco101 on January 23, 2014, 12:59:00 pm
Quote from: fuznuts on January 17, 2014, 10:23:13 am
Pretty sure they aren't.  If they were, he would have likely said it.  :/

Not that it matters.  Invictus is going to do well for all investors  who hold it...and that value of DACs like BitCloud and WeTube will likely float on the bitshares market.  Now if they are....it might be worth investing a few of my Protoshares for a favorable +% of initial money supply created in their DAC at launch (and possibly over time), but otherwise I'll probably watch it from afar (and check out their freenode).

Just MHO...
+1

If we are not Invitus, why would us want to use PTS?
If we have to premine something, it should be under our conditions, and we are going to be really open in this regard.
In fact, our mining procedure is quite different: we mine bandwidth, so it has no sense to use PTS.

Please,  have a look at the new updates:

Economic model:
https://github.com/wetube/bitcloud/blob/master/economic-model.org

Protocol:
https://github.com/wetube/bitcloud/blob/master/bitcloud.org

Proof of bandwidth:
https://github.com/wetube/bitcloud/blob/master/proof-of-bandwidth.org

And most importantly, please join our forum:
http://talk.bitcloudproject.org/

2
General Discussion / Re: WeTube - Initial economic model - programmers and thinkers - the great winners
« on: January 23, 2014, 01:40:38 pm »
UPDATE

We are separating Wetube from Bitcloud, which is the protocol.

The economic model is here:

https://github.com/wetube/bitcloud/blob/master/economic-model.org

The protocol is here:

https://github.com/wetube/bitcloud/blob/master/bitcloud.org#introduction

Our forum is here:

http://talk.bitcloudproject.org/


3
General Discussion / Re: Bitcloud, the protocol of Wetube, PROOF OF BANDWIDTH
« on: January 23, 2014, 11:47:33 am »
Please, join us at the forum:

http://talk.bitcloudproject.org

There are some interesting conversations there I'm sure you'd love to read.

4
General Discussion / Re: Bitcloud, the protocol of Wetube, PROOF OF BANDWIDTH
« on: January 23, 2014, 11:46:01 am »
The proff of bandwidth solution is in a separate paper. Check it out:

https://github.com/wetube/bitcloud/blob/master/proof-of-bandwidth.org


5
General Discussion / Bitcloud, the protocol of Wetube, PROOF OF BANDWIDTH
« on: January 14, 2014, 10:03:11 am »
We are in the early stages of developing the protocol that will change the world forever.
We are calling it Bitcloud, to separate it from Wetube, which is the interface. The main important features are:
  • We are generating money from bandwidth sharing instead of mining!
  • We introduce optional moderators to make the content of our net of very high quality (anyone can become a moderator).
  • We optionally protect the IP and identity of the users and nodes that share delicate content
  • And we have a blockchain too! But quiet different from actual ones.
  • We don't initially own 100% of the coins like in Mastercoin or Next

YOU HAVE THE OPPORTUNITY TO WORK WITH US IN THIS VERY EARLY PROCESS AND BECOME PART OF THE  TEAM DOING THE MAIN DECISSIONS.

In contrast to what Invictus and Mastercoin is doing (centralizing development and investment), I want, as an experiment, to make this process REALLY open, allowing anyone who wants to participate to share his opinion.

We are contacting developers and thinkers only now, as we don't want this project to become mainstream until we have something to really work in and a good bunch of developers.
Please, spread the word between developers, marketers, thinkers, and similar people. There is no way that 1, 2 or 5 people can do this big project alone. We must go together.

We are in #wetube at freenode. You can also contact me by PM and/or mail.

THE EARLY STAGE OF THE PROTOCOL:
https://github.com/wetube/bitcloud/blob/master/bitcloud.org
(Please read the sections we already have. We are still deciding the blank ones.)

THE EARLY NON-TECHNICAL WHITE PAPER:
https://github.com/wetube/bitcloud/blob/master/Bitcloud%20Nontechnical%20White%20Paper.md

Join us!

6
General Discussion / Re: WeTube DAC - decentralized media provider - the future YouTube
« on: January 14, 2014, 09:30:47 am »
Hello, this idea is in absolutely good progress.
I am right now writing the  protocol with the help of some developers and thinkers, specially Kyle Torpey.

We are separating the protocol from the interface itself. We are calling the protocol Bitcloud, and the first application based on it Wetube.

PLEASE JOIN US

You can see how we are writing the protocol here:

https://github.com/wetube/bitcloud/blob/master/bitcloud.org

Please join us on #wetube (freenode) to discuss everything.

7
General Discussion / Re: WeTube DAC - decentralized media provider - the future YouTube
« on: December 09, 2013, 05:03:48 pm »
I want to update the thread to say that I'm writing the spec these days.
Some things have changed, but most of the original idea will be there.
Most of my efforts are for the part of the nodes. I want them to be the ones making this system work.
I have analyzed bandwidth requirements and got to the conclusion that the system cannot go smoothly by just users sharing their home internet connection, so private servers with large bandwidth capacity are required.
Nodes will also be the ones making most of the money, so maintaining a node will be like an investment.
Therefore, sharing bandwidth will be like mining in today systems, but this time for doing something useful, not just burn CPUs.

Many programmers have contacted me asking what they can do. Please wait for the first specification draft to start programming something, but you can share your ideas with us by mail or in #wetube (freenode). Also, my skype is "javier.liberman".


8
General Discussion / Re: Dividends 2.0 - A Simplified Implementation of Dividends and Honest Blockchains
« on: December 05, 2013, 09:39:04 pm »
If you charge interest to short, the next day someone is going to fork the project and offer a "free interest" version that everybody will prefer.

9
General Discussion / Re: Dividends 2.0 - A Simplified Implementation of Dividends and Honest Blockchains
« on: December 03, 2013, 04:08:37 pm »
Quote from: WaPTS on December 03, 2013, 03:30:32 pm
maybe we have different concepts of inflation ,

No, it might be just a misunderstanding.
There is price inflation and money inflation.
We are talking here about money inflation.

Imagine a world in which there is only Bitcoin, so prices are only relative to Bitcoins. By mining, you augment the money supply, so inflation of both prices and money happens.
Today, because Bitcoin is measured against bigger currencies and demand is so high, it happens an apparently paradoxical situation: the currency is inflating while the prices are deflating. Weird, eh?

10
General Discussion / Re: Dividends 2.0 - A Simplified Implementation of Dividends and Honest Blockchains
« on: December 03, 2013, 03:13:35 pm »
Quote from: WaPTS on December 03, 2013, 02:41:32 pm
Quote from: bytemaster on December 02, 2013, 09:59:05 pm
Quote from: freeworld on December 02, 2013, 09:42:16 pm
I don't believe it's fair to say that BTC has a 10% yearly inflation.  The total supply is 21 million coins that's what Satoshi decided.

If Satoshi released all 21 million coins right away (or at least within the first year), then we would have 0% inflation since the cap has been reached.  What difference does it make if the 21 million units are released gradually or all at once (besides the fact that releasing all at once would be terrible).

If I make another btc clone and flood the market with 21 million coins, is it even fair to say that my coin has zero inflation and BTC has 10% inflation?

Your right, BTC has 12% yearly inflation :)     

All that matters is potential 'coins in circulation'.  Every time a new coin is mined someone has financial incentive to sell to cover the cost of mining and this selling pressure devalues the coin.  Imagine what would happen to BTC price if miners were not dumping on the market?
I don`t understand why you say there is inflation in BTC,  BTC is coin other than the shares of all BTC,  10000 BTC only can buy pizza  four years ago ,but now 1BTC maybe can buy 100 pizza or more , it is deflation.
if the inflation you say is ?
1BTC is 1/2,000,000 of all BTC ( when the acount of created BTC is 2,000,000 )  ,1BTC is 1/12,000,000 of all BTC ( when the acount of created BTC is 12,000,000 now)

You are not understanding what inflation is. Inflation is just the increase in money supply. Period.
Because Bitcoin is still mined, it is inflationary. It will cease to inflate at some point, but not right now.
What you really mean is that Bitcoin increases its VALUE at a much higher rate that its inflation.
So you should separate the concepts of value and inflation, they are not the same.

11
General Discussion / Re: Dividends 2.0 - A Simplified Implementation of Dividends and Honest Blockchains
« on: December 03, 2013, 03:00:21 pm »
Quote from: bytemaster on December 03, 2013, 02:21:01 am
BitUSD or BitApples solves this problem in a decentralized manner.

Sure, it is good for speculators, but not for real investors.

Imagine that around 70% of all transactions in our decentralized bank happens between Bitcoin and Bitshares. That could be perfectly the case because most people will enter with Bitcoins in order to obtain any other currency, or take loans in BitBTC.
It will happen the same that is happening in Wall ST right now. Because around 60% of all transactions in the world are made in dollars, when the dollar goes up and down, it affects secundary currencies that haven't got the strength to trade against anything which is not the dollar. Example: most currencies in South América trade against the dollar for importation/exportation. If the dollar goes down, they go down too.

Now take our situation: because in our market Bitcoin will be predominant, Bitshares will be drawn at the mercy of Bitcoin. And this has huge implications, specially for DACs, which will all of them be in a similar situation as the South American countries in regard to USA.
So I think that Bitshares will only help to make more secure trades to speculators, but will not help very much DACs, at least while the monopoly of Bitcoin continues, or any other show up.

Think about it.

12
General Discussion / Re: WeTube - Initial economic model - programmers and thinkers - the great winners
« on: December 03, 2013, 10:52:26 am »
Ok, here is the repository for managers, thinkers, protocol designers, etc:

https://github.com/wetube/wetube-office

Please, if you have any idea you'd like to share, ask me to include you into the repository. You will be part of the initial capital partition by putting there your papers.
If you don't know how to use github, please ask me to include your docs and I will do it for you.
I recommend using Lyx/Latex for writing the papers, so we have a consistent format. http://www.lyx.org/

Right now we need coordinators, economists, lawyers, and protocol designers. Programmers are welcome too, in the other repository.
If in doubt of anything, don't hesitate to contact us by PM, email, or in #wetube on Freenode.

13
General Discussion / Re: WeTube - Initial economic model - programmers and thinkers - the great winners
« on: December 03, 2013, 10:45:04 am »
Quote from: Stan on December 03, 2013, 12:54:17 am
My apologies.  My intent was to highlight some of your best thoughts, not modify the original.
Stand by while I think of someone else to blame.  :-[

No problem, Stan. :)
I hope you can participate writing some paper.

14
Keyhotee / Keyhotee browser plugin - a must
« on: December 03, 2013, 09:54:32 am »
I'd like to ask about the future Keyhotee browser extension, in order to allow websites to ask for IDs and signatures to the user.

I suppose there is something in mind, isn't it?

15
General Discussion / Re: Dividends 2.0 - A Simplified Implementation of Dividends and Honest Blockchains
« on: December 03, 2013, 12:54:14 am »
Anyway, at least for some DACs, we have here a good opportunity to implement automatic demurrage based on actual, real demands.

For example, with WeTube we can implement a fixed ratio Gigabyte/WeCoins. If we always consider that sharing 1Gb will generate 1 WeCoin, inflation will always satisfy demand and we will not see what is happening with all altcoins today.
The original good parts of any demurrage system is that the ratio between man-working-hours and money earned is fixed, so the system could be, in theory, very stable. Disadvantages are that it mostly kills speculation, but some will argue that that is a good thing.

I'd like to read opinions of economists about this option.

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