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Messages - edilliam

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91
General Discussion / Re: FYI: Queued Delegated Proof-of-Stake coin: Qointum
« on: November 24, 2014, 06:54:02 pm »
They sure got some nice neon coin logo images, I'd vote for them if they just made us some graphix:

I can make us something similar with the BitShares logo on if you want. I can go one further and make a video of them all falling into a big pile too. The work will probably take me a day or two, but the render, even on my VFX rig, could be as much as a week.

92
General Discussion / Re: FYI: Queued Delegated Proof-of-Stake coin: Qointum
« on: November 24, 2014, 06:44:30 pm »
You guys are the only community so far who have discussed this paper and platform :)

I will be speaking with the author and covering the finding in an article. Do you have any questions to forward that would be nice to include in the article (with your permission of course).

I find it very interesting indeed, though the preventative measures put into place in the case of a Quantum based attack seem rather superfluous. Should we approach such a stage, there are many bigger security issues to worry about than a cryptocurrency algorithm. I believe the other aspects are good in that it natively supports multiple chains and rewards those who have been delegated in helping the stake holders. The issue there is i am not sure whether decentralization is effected by such a move. Will it give stake holders or the systems delegated more power?

Any comments would be appreciated.

I can't speak for the whole community, only myself. But, I would be interested to know more about QDPOS in relation to our DPOS. Is it a fork of us, or a completely new implementation? It looks quite different to me. But, DPOS already involves queuing in the sense that our delegates are assigned an order in a queue to sign blocks so it's an odd name choice imo.

QDPOS looks to have a very large amount of possible delegates, DPOS has 101 delegates. Too small a number of delegates and the system risks centralization, to large a number and the delegates will not be earning enough that they would be incentivized to compete against each other for these few positions so that they can then use the earned funds to pay for improvements to the system and community. Is this the point? Do the devs plan on continuing to develop their coin themselves rather than opening it up to the wisdom of crowds in an open source manner like BitShares?

Why the move away from a democratic stake based system of voting in the delegates to positions? The great thing with DPOS is that bad actors will be voted out quickly and likely not reinstated. If everybody can be a delegate in QDPOS as long as they have the minimum stake requirements won't this make it a lot cheaper to disrupt the network compared to DPOS?

How does the system scale? How many transactions a second are possible?

93
General Discussion / Re: Approve my 100% pay rate delegate
« on: November 23, 2014, 04:54:53 pm »
Just voted.  +5%

94
General Discussion / Re: FYI: Queued Delegated Proof-of-Stake coin: Qointum
« on: November 23, 2014, 03:57:54 pm »
No mention of BitShares at all in the tech stuff so I doubt they'll be honoring AGS/PTS.

Quote from one dev in this thread: https://bitcointalk.org/index.php?topic=857509.0;all:

Quote
There is some mathematical evidence that the encryption system we're using is in fact quantum-resistant, so we only need enough bits in the key to thwart a quantum search (Grover's algorithm). Also, we use merkle hash trees for signatures, and although there is no proof yet, there are no known quantum algorithms that can attack hashes other than a quantum search. To brute force a 256-bit hash would usually take 2256 operations, but Grover's algorithm only takes O(√N) time, so that's 2256/2 = 2128 quantum operations = 128-bit level quantum security.

He is referring to this paper: http://www.santafe.edu/media/workingpapers/11-06-021.pdf

Yeah, would be interesting to talk to him.

95
General Discussion / Re: FYI: Queued Delegated Proof-of-Stake coin: Qointum
« on: November 23, 2014, 03:46:03 pm »
TLDR:

  • "Cutting-edge cryptographic algorithms that are designed to be secure against quantum computers"
  • "Instant transaction confirmation by means of a consensus heuristic based on delegate voting"
  • Smart contracts stuff in python
  • Main stuff in C++
  • Consensus algorithm: "Maximally Vetted Delegate Chain that permits Simplified Payment Verification (SPV)"
  • 1 billion coins (19.9% going to the devs)
  • Stealth addresses
  • Pruned blockchain

Looks like it's a proposed mix between us and Ethereum with some buzzwords thrown in...

96
General Discussion / Re: FYI: Queued Delegated Proof-of-Stake coin: Qointum
« on: November 23, 2014, 03:27:34 pm »
I don't think it's anything yet, first release isn't due until Fall 2015 according to the roadmap: https://wiki.qointum.com/roadmap/

Looks like he's promising lots and trying to raise funds to deliver...

98
General Discussion / FYI: Queued Delegated Proof-of-Stake coin: Qointum
« on: November 23, 2014, 03:06:11 pm »
Just came a across this: https://qointum.com/

It says it is going to be using Queued Delegated Proof-of-Stake... I'm just starting to read through the technical stuff now. Thoughts?

99
General Discussion / Re: ripple rally
« on: November 23, 2014, 02:46:56 pm »
That rise is just too perfect. Every time I have seen an exponential rise like that it has collapsed because it is unsustainable. Looks like there might be a day or two left to make some money out of it though...

100
Muse/SoundDAC / Re: BitShares Music and/or NOTE logo. Any ideas?
« on: October 28, 2014, 06:14:02 am »
I've finished some more designs and included them with the others. I've made a sound wave in the shape of an "M" and an "N", liondani and feedthemcake's PTS and Play crossover designs and some mixes between "n" and "N" with musical notes including kickky's idea. Let me know what you guys think.


101
General Discussion / Re: Counterparty's Marketing Strategy - "Gems"
« on: October 26, 2014, 05:55:44 pm »
Luckybit you will probably be interested in the Synereo project: http://www.de-centralize.com/decentralize-media-story-39657

It's a proposed decentralized Facebook rival. Everyone owns the network. Advertisers have to pay for your attention. As you become more influential in a social sphere your posts will have a wider range and if you don't have much influence you can pay extra to ensure certain important posts reach further. It seems like a really interesting idea.

I agree, the BitShares DAC Sphere definitely needs it's own social media DACs.

102
Muse/SoundDAC / Re: BitShares Music and/or NOTE logo. Any ideas?
« on: October 25, 2014, 02:36:23 am »
just a quick merger....



Looks good. Is it a fork or a merger?  :D

103
Muse/SoundDAC / Re: BitShares Music and/or NOTE logo. Any ideas?
« on: October 24, 2014, 04:40:17 pm »
I just noticed the ProtoShares logo works well as a small icon and could be mistaken for a musical notation..



If we're not using it for PTS perhaps it could get a new life as Note logo? It would work well being recoloured and even would support mutilple colours if that is useful.

Yeah it does look like a mirrored version of the musical notation for a "natural". Not sure if many people will know that or recognize that though. I've quickly knocked a version up. I like your idea too liondani of putting the play button in the middle. I'll be adding my idea for an "M" waveform as well as the community idea for a lowercase "n" note probably later tonight or tomorrow as well when I can find a spare hour or two.


104
I met a wise older man at a crypto meetup the other month that introduced me to the concept of a gift economy. He recommended a book to me called Sacred Economics: http://sacred-economics.com/

I haven't read it myself, so I can't personally recommend it, but perhaps it may be of interest to someone reading this thread. He spoke very highly of it.

 

105
General Discussion / Re: Perspective is Everything
« on: October 23, 2014, 02:33:14 am »
Could we create a part of the forum specifically for thinking aloud and tossing ideas around. It could be made clear that anything that occurs inside it is purely for crazy ideas, proposals, idea generation and gathering feedback from the community and not to be taken at all seriously. That way we still get to hear BM & team's brilliant ideas as they are forming, but the community can't accuse the main devs of mishandling of information and bad PR. I think we as a community only stand to loose if we become less transparent and I fear this will be the result of what has occurred in the past few days.

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