Quote from: AdamBLevine on January 01, 2014, 05:56:02 pm

Appendix A - Consensus Realities can be modified or re-written by the Consensus “The Merlin Requirement”

Is this a dangerous idea?

Is consensus reality the same as alternate reality? I'm not familiar with the term. Some good ideas though.

Yes, the Illuminatus Trilogy goes into some detail on the subject...

Looked at it, haven't used it yet. There was a really interesting computational finance course from Georgia and an advanced statistics course from MIT. I like Udacity a lot, have tried its programming courses. This is a good model to follow. I'm doing a Reliability Engineering certification now the old fashioned way with a book and exam CD questions. I think autodidact with proficiency exams is a great way to go.

Theer's Bitcoin U at Udemy as well, https://www.udemy.com/bitcoin-or-how-i-learned-to-stop-worrying-and-love-crypto/ .

Very good video on p2p alternatives to hierarchy. Overall, I'd like to implement the idea of the Open Value Network, http://valuenetwork.referata.com/wiki/Main_Page , which tracks user participation and rewards accordingly. A DAC would be ideal for this.

Your proposal here includes a lot of the elements of proxy voting and extends it to proxy leadership and shadowing. This would be interesting to see in action.

I liked it at first but was turned off by the ambiguity of the project and lack of a specific deadline to invest. An ecosystem seems to be forming around it and it has had phenomenal growth in value, but I just don't see it as sustainable with a near complete lack of organization.

I find the POW mining to be a waste of resources unless it supports some useful activity to create value for the DAC, like providing public storage, cpu power, or other distributed resource for lease, or network bandwidth. The make-work nature of mining was what originally turned me off to Bitcoin. I later appreciated Bitcoin's other features, despite the waste inherent in the mining.

I've noticed in some of the comments in various threads that some people feel that rushing in to be an early bird should somehow entitle them to receive a disproportionately large reward.

I'm favor combining a funding round similar to Mastercoin-Exodus, the concept of Protoshares/Bitshares in Digital Autonomous Corporations (DACs), and proof of stake, decentralized exchange, like NXT. There is reward for early adopters to build momentum while avoiding too much of a bubble and subsequent fall back.

The funding would be an equal number of tranches, say 1000 of 1 BTC each, with a linear decrease of  Angel shares per tranche, 10,000 Angel shares for first tranche down to 10 Angel shares final tranche, total cap 1000 BTC for 5005000 shares. 10% additional developer shares, 500500, would also be created for a total of 5505500 initial Angel shares. Investors may purchase partial tranches for fractional Bitcoin. When a tranche is filled, any remaining investment is issued Angel shares at the exchange rate of the next tranche. I would announce a planned launch date for funding and allow presale of shares for equal distribution of shares out of initial tranches sold during presale. The numbers above are for example and could be adjusted prior to launch to suit the community's preferences.

My goal is to incorporate the best features of MSC, PTS, and NXT into a new system which maximizes funding for development, allows plenty of time for investors to participate at a risk level and price comfortable to them, and avoids the initial speculative bubble by providing a smooth buy-in curve. Proof of Stake mining continues the distribution and encourages participation in the network.

The Angel shares are used to fund new start-up DACs, allocated with stakeholders voting to approve new start-ups, start-ups exchanging shares for Angel shares from investors, and then Angelshare DAC exchanging assets with the start up for shares in proportion to the amount of Angel shares invested.

The funding round and development shares are used to fund development with bounties and salaries. Governance is by proof of stake voting with proxy by stakeholders and proxy override as an option at anytime on a vote on a particular issue.

I'd like to see direct crosschain trading since MSC and PTS are my main areas of focus right now.

This is one of my passions, along with wireless mesh networks - p2p delivery.

The dispatching system can easily be a DAC, basically a market place for matching vehicles to users. Each vehicle could be a DAC with shareholders or shareholders had own a fleet of vehicles through a DAC. Vehicles can be protected from theft and vandalism by users temporarily purchasing the vehicle with DAC shares for delivery and reselling it back to the DAC or another user minus delivery fee after delivery is complete. Service operators may purchase, refuel, recharge, and repair, and the resell vehicles into the transport network at a profit. Operators may also lease vehicles at a mark-up to users who can't or don't want to temporarily purchase vehicles for a delivery.

The vehicles would be open source design with standardized interface among parts, like PC computers, so anyone can build vehicles and sell them into the network.

The vehicles can be both wheeled autonomous vehicles and drones. I would redesign the drones to be quad or more fans for vertical takeoff and landing with a lifting body for fast, efficient, horizontal flight.

Can anyone find details on nxt proof of stake.

Code is supposed to be released 1/3/14. Parts may be requested for review and some snippets are posted at https://bitcointalk.org/index.php?topic=352286.0