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Topics - luckybit

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46
Technical Support / Proxy transactions?
« on: August 31, 2015, 09:52:30 am »
Is it feasible if Alice through a smart contract of some sort makes Bob into her financial delegate, giving him a certain amount of tokens to trade on her behalf (because Bob has a good track record), and in a way where Bob cannot steal her money because Alice can take it back any time?

Is it possible to do it? I think it could be a useful feature because some people can't trade and will want to hire brokers.

47
An idea for a proposal
                   
EarnBitshares

We need a site called "EarnBitshares".  This website could be a sister site to "MineBitshares". The purpose of this site should be to show people who have time and no money, how to earn Bitshares through a sort of mechanical turk, or through watching advertisements, or through some other guaranteed mechanism where if a person is willing to put in time they are guaranteed to earn Bitshares at the end of the process. It doesn't even matter how much they earn because different people around the world don't have the same cost of living.

We can look at different models such as Bitcoinget, Amazon Mechanical Turk, or we can set up crowdsourced jobs. There was a recent experiment where a virtual CEO was created by crowdsourcing the labor and distributing the tasks to peers on the Internet. A service such as this could be set up where on one end the website says to startups that certain paperwork services such as writing professional whitepapers, preparing spreadsheets, writing a prospectus,  can be outsourced as independent tasks to "EarnBitshares" crowd mechanisms. On the "EarnBitshares" crowd side there will be random people from all over the world, who can earn both money and reputations, in exchange for doing these tasks in assembly line fashion.

All ideas in this proposal are based on the success of sites like Bitcoinget, Amazon turk, which prove crowdsourcing works in practice, and academic data which shows that management can be replaced by software which distributes the work to the crowd. By doing this we could make it easier for those of us who want to be entrepreneurs to do so, while also helping people to earn Bitshares in a reliable, consistent, sustainable and organized fashion.

Reference
http://www.bitcoinget.com/
https://hbr.org/2015/04/heres-how-managers-can-be-replaced-by-software
Code for programmers!
https://github.com/crowdresearch/crowdsource-platform
For media and visual explanation see CrowdFactory:
https://www.youtube.com/watch?v=DjBDa9nhmmc
https://www.youtube.com/watch?v=y_mjCaQFX4o
We can compete with all of these centralized microwork companie and with ours the micro workers can own 25% of he project if they work for EarnBitshares (for a limited time).


48
Versum builds on the groundbreaking Lambda-Auth paper by Andrew Miller. Lambda-Auth is a breakthrough in cybersecurity because it provides Authenticated Data Structures.

Lambda-Auth Abstract:
Quote
Abstract
An authenticated data structure (ADS) is a data structure whose
operations can be carried out by an untrusted prover, the results of
which a verifier can efficiently check as authentic. This is done
by having the prover produce a compact proof that the verifier
can check along with each operation’s result. ADSs thus support
outsourcing data maintenance and processing tasks to untrusted
servers without loss of integrity. Past work on ADSs has focused
on particular data structures (or limited classes of data structures),
one at a time, often with support only for particular operations.

Authenticated Data Structures allow cybersecurity by correctness and verifiability. Programs are "Proofs", and proofs are verifiable. Verifiable computation is the holy grail, it allows the blockchain to outsource computation to nodes with verifiable security. This is a similar approach to Codius but potentially dramatically better because anyone can contribute computation and become a node through a decentralized market and exchange.

VerSum Abstract:
Quote
ABSTRACT
VERSUM allows lightweight clients to outsource expensive computations
over large and frequently changing data structures, such as
the Bitcoin or Namecoin blockchains, or a Certificate Transparency
log. VERSUM clients ensure that the output is correct by comparing
the outputs from multiple servers. VERSUM assumes that at least
one server is honest, and crucially, when servers disagree, VERSUM
uses an efficient conflict resolution protocol to determine which
server(s) made a mistake and thus obtain the correct output.
VERSUM’s contribution lies in achieving low server-side overhead
for both incremental re-computation and conflict resolution,
using three key ideas: (1) representing the computation as a functional
program, which allows memoization of previous results; (2)
recording the evaluation trace of the functional program in a carefully
designed computation history to help clients determine which
server made a mistake; and (3) introducing a new authenticated data
structure for sequences, called SEQHASH, that makes it efficient
for servers to construct summaries of computation histories in the
presence of incremental re-computation. Experimental results with
an implementation of VERSUM show that VERSUM can be used
for a variety of computations, that it can support many clients, and
that it can easily keep up with Bitcoin’s rate of new blocks with
transactions.

The algorithms behind VerSum and Lambda Auth open up an entire new field of computer science, is a breakthrough, and a game changer.

This to me suggests that Ethereum developers took a less than optimal approach to smart contracts because the security risks of Turing completeness outweigh the benefits if they are any. Bitshares developers and entrepreneurs who might be interested in this include but are not limited to anyone interested in implementing smart contracts, such as Bytemaster, Toast, DataSecurityNode, Fuzzy.


References

lambda-auth
https://www.cs.umd.edu/~amiller/gpads/gpads.pdf
https://amiller.github.io/lambda-auth/

VerSum
https://people.csail.mit.edu/nickolai/papers/vandenhooff-versum.pdf

computational trinitarianism
http://ncatlab.org/nlab/show/computational%20trinitarianism

codius
https://codius.org/

MC2 Researchers Receive $1.2M NSF Grant for Verifiable Computation
https://www.umiacs.umd.edu/about-us/news/mc2-researchers-receive-12m-nsf-grant-verifiable-computation

Safeguarding Computations in the Cloud
https://www.youtube.com/watch?v=XrjO7N5uv04&feature=youtu.be

Algorithmica
DOI 10.1007/s00453-014-9968-3
Authenticated Hash Tables Based on Cryptographic
Accumulators
http://www.ece.umd.edu/~cpap/published/algorithmica15.pdf

49
General Discussion / Bitcoin...
« on: August 25, 2015, 01:44:16 am »
Here is how I see it. The Bitcoin community is trying to decide whether Bitcoin should be a DAC (decentralized autonomous corporation) or a DAC (decentralized anonymous currency).

These are two different evolutionary trajectories, and they have impact on the Bitcoin price. The Bitcoin XT side seems to want Bitcoin to achieve mainstream adoption, and if you're thinking of Bitcoin as a DAC (decentralized autonomous corporation) then you care about the share price, or the Bitcoin price.

Bitcoin XT supports greater levels of adoption, which means a higher potential Bitcoin price for token holders. If you're invested in Counterparty, Omni, or similar projects which build on top of Bitcoin then Bitcoin XT raising the blocksize is critical so that you can use Bitcoin as more than just a currency.  Wall Street has moved in, and Bitcoin XT is the chain that Wall Street will favor because they want to see the Bitcoin price rise over time, which is why there are ETFs being set up so people can buy Bitcoin as if it is a stock and use their life savings to do it.  You also have Coinbase and Circle which are set up to bring Bitcoin to the mainstream, all of this will boost the Bitcoin price which means Bitcoin is more likely to be treated as a commodity or stock than a currency.

On the Bitcoin Core side the Bitcoin price is irrelevant. Bitcoin is just to be the DAC (decentralized anonymous currency), to be used by activists. Bitcoin Core is focused more on making sure Bitcoin stays anonymous, and that the particular kind of decentralization supports Bitcoin use for activists, not for Wall Street, not for the mainstream. At the same time Bitcoin Core don't seem to be thinking about Bitcoin as a DAC decentralized autonomous corporation, so whether it ever achieves mainstream adoption is irrelevant as long as it provides utility to activists, and as long as it is anonymous.

These are two different world views and the Bitcoin price is mainly at $200 because people believe Bitcoin is like a stock. Once people believe Bitcoin isn't like a stock, and that Bitcoin is not a DAC (decentralized autonomous corporation), then the price even at $200 might be inflated and we could be back in the $90-100 range.

If Bitcoin is to be a decentralized autonomous corporation as you see here:
http://coinwiki.info/en/Decentralized_autonomous_corporation
Then Bitcoin share prices have dropped, shareholders are concerned, and these shareholders control the majority of the money and through that they control the future price of Bitcoin.

If Bitcoin is a decentralized anonymous currency, then Bitcoin has to improve it's privacy features, and shake off the Wall Street profiteers, the businesses around Bitcoin who want to take it to the mainstream, because for the most part if it is to be an effective activist currency, none of that mainstream  Wall Street NASDAQ stuff is going to matter. At the same time, activists usually don't have any money so you shouldn't expect the Bitcoin price to rise very high as an activist currency.

Who will control the fate of Bitcoin? Will it be the shareholders or will it be the core developers? These are two different constituencies. Miners also have the ultimate choice because they have to choose the chain, but will miners choose the chain where Bitcoin price can rise dramatically or will miners choose the chain where Bitcoin price stays flat? Since most of us here aren't miners, it's for the miners to ultimately decide which vision for Bitcoin they prefer.



50
Technical Support / Question about Dynamic Account Permissions
« on: August 23, 2015, 07:10:00 am »
If Alice, Bob and Carol own different fluctuating percentages of the company, do these fluctuations adjust the weight of their signature?

This way the power of your signature is a function of the percentage ownership you have in the company?

51
General Discussion / Bitshares Devs, have a look at the Robinhood app.
« on: August 23, 2015, 06:16:30 am »
This is how the Bitshares 2.0 interface could look and how it could be marketed to millennials.



https://vimeo.com/87163777
https://www.robinhood.com/
https://support.robinhood.com/hc/en-us/articles/202853579-Robinhood-s-story
Startup Insider: The Story Behind Stock Trading App Robinhood and Its One Million-Person Waitlist: http://www.huffingtonpost.com/david-ongchoco/startup-insider-the-story_b_7976446.html
How Robinhood makes money:
https://support.robinhood.com/hc/en-us/articles/202853769-How-Robinhood-makes-money

Quote
Robinhood has raised $66 million from NEA, Index Ventures, Ribbit Capital, Vaizra Investments, Google Ventures, Andreessen Horowitz, Social Leverage, Box CEO Aaron Levie, Path CEO Dave Morin, Jared Leto, Snoop Dogg, Linkin Park, and Nas, which gives us the freedom to focus on building an outstanding experience rather than short-term profits.

People see celebrities own it and then they want to get involved. It's strange marketing psychology but it seems to be what Tidal is doing.  This way their fans can support their favorite celebrities by using the app?

Peertracks and Bitshares 2.0 can learn a lot from Robinhood and Tidal when it comes to marketing.

52
This would give exchanges an advantage over all exchanges which are centralized and cannot guarantee that. It would seem the era of the centralized exchange might come to an end quickly, at least on the backend.

Shapeshift.io would be able to benefit from Bitshares 2.0 backend. If people use coinbase or some centralized exchange it would offer no practical advantage, if the gateway network for Bitshares works.

53
https://www.bloomberg.com/news/articles/2015-08-18/bitcoin-is-having-an-identity-crisis

https://www.cryptocoinsnews.com/discussion-of-bitcoin-xt-banned-from-bitcoin-subreddit/

One of the major advantages Bitshares has that Bitcoin will never be able to have is flexibility. Bitcoin is static, it is a hard coded fixed protocol, it is at best a constitutional monarchy, and we see in this example the limitations of that when we look at the disarray over a fork.

Nomic is a game which the current players have a mechanism to change the rules.
Quote
Nomic is a game created in 1982 by philosopher Peter Suber in which the rules of the game include mechanisms for the players to change those rules, usually beginning through a system of democratic voting.[1]

Nomic is a game in which changing the rules is a move. In that respect it differs from almost every other game. The primary activity of Nomic is proposing changes in the rules, debating the wisdom of changing them in that way, voting on the changes, deciding what can and cannot be done afterwards, and doing it. Even this core of the game, of course, can be changed.
—Peter Suber, The Paradox of Self-Amendment[2]
https://en.wikipedia.org/wiki/Nomic



This ability is critical for evolvability: https://en.wikipedia.org/wiki/Evolvability . Bitcoin has low evolvability because there is no democratic process, there is no futarchy, there is no rules within Bitcoin left by Satoshi Nakamoto on how create rules for changing the rules.

Bitshares has a long term advantage over Bitcoin which will continuously become more apparent. If we look at species, or at life in general, the lifeforms which are able to adapt the fastest, and the best, are the species most likely to survive. Bitcoin has low evolvability, which means in a Darwinian battle for dominance it will not be able to keep up with the rate of change.

Bitcoin has the first mover advantage, but due to it's limited flexibility, limited evolvability, it is unlikely to last. I expect my post to be controversial, but you can see for yourself as it plays out.

http://www.cato.org/multimedia/daily-podcast/unfortunate-future-bitcoin
http://www.alt-m.org/2014/11/18/bitcoin-will-bite-the-dust/


54
'Guess the Next Cashier to Be Fired!' Contest Unpopular With Cashiers'
http://gawker.com/5845894/guess-the-next-cashier-to-be-fired-contest-unpopular-with-cashiers

Quote
New Contest – Guess The Next Cashier Who Will Be Fired!!!

To win our game, write on a piece of paper the name of the next cashier you believe will be fired. Write their name [the person who will be fired], today's date, today's time, and your name. Seal it in an envelope and give it to the manager to put in my envelope.

"Here's how the game will work: We are doubling our secret-shopper efforts, and your store will be visited during the day and at night several times a week. Secret shoppers will be looking for cashiers wearing a hat, talking on a cell phone, not wearing a QC Mart shirt, having someone hanging around/behind the counter, and/or a personal car parked by the pumps after 7 p.m., among other things.

"If the name in your envelope has the right answer, you will win $10 CASH. Only one winner per firing unless there are multiple right answers with the exact same name, date, and time. Once we fire the person, we will open all the envelopes, award the prize, and start the contest again.

"And no fair picking Mike Miller from (the Rockingham Road store). He was fired at around 11:30 a.m. today for wearing a hat and talking on his cell phone. Good luck!!!!!!!!!!"


That example market was for cashiers, but similarly that kind of prediction market could be used against our community. "Guess which member of the community will be next to be arrested" or similar.

How would we defend ourselves from misuse of prediction markets if it becomes abusive?

These discussions are important to have because Augur is having it's crowd sale, hoping to be the world's first decentralized prediction market, while Bitshares 2.0 will feature a decentralized prediction market capability.

Perhaps as a feature Bitshares 2.0 can be a community regulated prediction market, so that there is moderation? Or would this moderation be damaging to free speech rights?


55
General Discussion / What happened to Moonstone.io?
« on: August 17, 2015, 12:09:46 pm »
Are they making the Bitshares 2.0 interface?

https://moonstone.io/

56
General Discussion / Science of Persuasion [ALL SHOULD WATCH]
« on: August 16, 2015, 06:32:05 pm »
https://www.youtube.com/watch?v=cFdCzN7RYbw

It shows all the main methods of persuasion that work universally on people. It even explains gift giving which may give a clue into the psychological mechanism behind the gift economy.


When a "give-away" culture is created,  it seems people are all willing to give more than expected. The gift economy works on the subconscious level rather than the conscious level which is why it seems mysterious. Why do people feel encouraged to tip certain professions or to "give-back" to certain people? Bytemaster gave potential conscious explanations that a corporation may come up with, such as "buying loyalty", all which are perfectly rational and make sense. But the subconscious mechanism of gift giving  produces the same behavior without any conscious recognition most of the time.

We celebrate certain holidays, like Christmas, or Halloween, where children and even adults take part in giving gifts to complete strangers. In some African cultures it is like Christmas every day, these are "big man" cultures. Consciously the gift giving might be seen by academia as persuasion, or buying loyalty, but subconsciously I would think they perhaps don't even think about why they do it anymore, it's just the thing to do, it's cool to do it.
Quote
The big man has a large group of followers, both from his clan and from other clans. He provides his followers with protection and economic assistance, in return receiving support which he uses to increase his status.
https://en.wikipedia.org/wiki/Big_man_(anthropology)
https://en.wikipedia.org/wiki/Moka_exchange

Status is one of the benefits of a good reputation. So reputation on top of giving is how gift economies become successful. People want to be recognized, they want the status of being the biggest giver or one of the biggest givers, because they care about the community, or the business, and they want to show they are willing to put in as much work or give as much as they can.

This isn't just seen in big man culture either. Japanese culture has variations on this as well.

Japan has a salaryman culture where if you're a lower level employee you are expected to stay after work until the boss goes home. All low level employees want to be seen as employees who are as committed to the business as the boss. This has some problems but the point is to illustrate that there are cultures which encourage pathological giving in various forms whether it be working long hours, or whether it be big man cultures in Africa.

Quote
Japan's society prepares their people to work for the greater good rather than the individual and the salaryman is a part of that. He is expected to work long hours,[1] additional overtime, to participate in after-work leisure activities such as drinking and visiting hostess bars with his colleagues, and to value work over all else. The salaryman typically enters a company when he graduates college and stays with that corporation his whole career.
https://en.wikipedia.org/wiki/Salaryman
http://qz.com/357606/think-your-week-was-hard-tokyo-salary-mans-insane-work-diary-goes-viral/
I encourage all who are interested in forming the best possible community for Bitshares to look at what worked for other communities, in all other cultures, and also beware of what doesn't work. Plenty of anthropology and psychology science reveals what works.


57
Stakeholder Proposals / DRIP (Automated Dividend Reinvestment)
« on: August 16, 2015, 11:03:10 am »
Bitshares 2.0 would greatly benefit if it implemented an algorithmic equivalent of DRIP.

Some of the functions from recurring payments might make it possible. In general all dividends received from a specified source must be able to be set to automatically purchase more of the specified source. Perhaps let the user use a scale to adjust the precise percentage from max 100% reinvestment to 1%. Automated Dividend Reinvestment will encourage long term investors to use Bitshares and park their wealth on in BitAssets which pay yield.

Also any current yield or even vested funds should be available for DRIP for any asset paying the dividends. Any profit the user makes should be able to be set to automatically purchase a certain asset which pays dividends so that users don't even have to think about it and can set it and forget it.

58
http://www.abc.net.au/news/2015-07-03/panic-on-chinas-share-market-as-stocks-lose-3-7-trillion/6594316

http://abcnews.go.com/International/wireStory/china-create-19b-fund-support-plunging-stock-market-32222600
3.7 trillion dollars?  Can someone from China please comment on this and let us know if it might impact our markets? Particularly Bitshares?

Quote
For months, state-owned media had encouraged ordinary Chinese to load up on shares. Many Chinese individual investors borrowed heavily to buy stocks — taking out so-called margin loans. And the rising stock prices encouraged companies to raise money by issuing shares and to use the proceeds to pay down debt.



Can anyone call the bottom to this?


59
http://www.abc.net.au/news/2015-07-03/panic-on-chinas-share-market-as-stocks-lose-3-7-trillion/6594316

3.7 trillion dollars?  Can someone from China please comment on this and let us know if it might impact our markets? Particularly Bitshares?

60
The current blockchain in testnet is 30 gigs+. My opinion is that the design of Ethereum may have been over engineering toward a particular goal. The problem they are having is scalability.

The Ethereum team has a lot of smart people involved with it and I have no doubt they will eventually solve this problem I just hope they take a different approach. They are in a position to learn from the Bitshares team, and from the SAFE Network team, both who in my opinion solved the scalability problem in two different ways.

SAFE Network (in my opinion) will scale particularly well. It's an ant colony algorithm which in theory becomes more efficient as you scale it up, because that is how swarm intelligence works in general. They took a biomemetic approach which but their ability to scale depends on certain factors beyond their control which isn't due to their design (such as bandwidth caps).

Bitshares took the approach of studying the best solution, and going for a very specialized kind of scalability.

cally suited for an exchange. Bitcoin similarly is looking like it will go with the Lightening Network which specifically is well suited for transactions.

Ethereum being more general purposed might not benefit from either of these two approaches. At the same time it does handle transactions. All I can say is it's going to take perhaps a month for them to solve these problems which means the launch is probably going to be delayed until after Bitshares 2.0.

I hope the Ethereum team can launch a very scalable network because I want to make use of Ethereum. I think the smart contract functionality makes it special and unique at this time but the longer they take to launch the less of a competitive advantage they'll have.

https://www.reddit.com/r/ethereum/comments/3b1ikz/how_much_space_do_we_need_to_host_a_node/

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