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Topics - luckybit

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92
General Discussion / Bitshares given the green light by the CFTC?
« on: January 09, 2015, 08:37:17 am »
Quote
Bitcoin under the CEA

Barring such an instigating event, Wetjen emphasized how bitcoin is currently captured under the CEA due to the broad nature of the document. In particular, he noted a passage he believes best provides evidence that bitcoin falls under its mandate.

"One of those component parts provides that a commodity includes any ‘rights or interests in which a contract for future delivery is or will be dealt in,’ and it's that part of the definition that I think best captures something like bitcoin," he said.

Still, he stressed the limited the nature that such an interpretation affects the CFTC, stressing that the CEA grants the commission the authority only to regulate contracts for sale of a commodity at a future date that are then traded on regulated exchanges.

The CFTC, he said, does not have extensive oversight over bitcoin exchanges that do not offer derivatives contracts.

“Where market participants are simply buying and selling bitcoin on an exchange, we wouldn't have oversight responsibilities for those exchanges,” he added.

Here again, the subject of market manipulation, and how it could inspire the CFTC to further examine bitcoin, was reiterated. Wetjen, for example, said that the CFTC does have anti-manipulation and fraud authority in the cash markets.


http://www.coindesk.com/cftc-commissioner-mark-wetjen-bitcoin/

93
General Discussion / A perfect example I found of Bitcoin maximalism
« on: December 30, 2014, 09:30:43 am »
http://www.reddit.com/r/Bitcoin/comments/2qrlf6/mr_ipad_chain_is_selling_out_to_paycoin/cn8upih

While I do not endorse Paycoin I think the reaction in that post highlights an attitude which shows to me that there are tribal factions in the crypto community forming around different blockchains.

Apparently if you're with Bitcoin and you touch an altcoin you've sold out? You have to be loyal to the chain now?

What happened to being loyal to the principles behind the technology or is it all about blockchain loyalty now?

Discuss?

96
The domestication of DACs through the process of artificial selection

"Plants domesticated primarily for aesthetic enjoyment in and around the home are usually called house plants or ornamentals, while those domesticated for large-scale food production are generally called crops."

If we follow the metaphor that DACs are like "crops" then these "crops" must produce "yield". It's up to the reader to decide where to take these metaphors. The central word for describing all this action "evolutionary". DACs in my opinion can evolve and we don't know what they'll evolve into once they become more autonomous so we'll want to influence that evolution through feedback mechanisms.

Artificial Selection Algorithms

In order to initiate the process of DAC domestication we would need artificial selection algorithms. This would determine the process by which we rank the fitness level of DACs. At the moment the closest thing we have to this would be Coinmarketcap and the DACIndex.

"Plant breeding is the art and science of changing the traits of plants in order to produce desired characteristics.[1] Plant breeding can be accomplished through many different techniques ranging from simply selecting plants with desirable characteristics for propagation, to more complex molecular techniques (see cultigen and cultivar)."

Different communities will get to decide for themselves on what fitness algorithm best suits them but for most of us who live in capitalist countries the fitness criteria will have to include profitability. One of the reasons I think Bitshares was ahead of the curve compared to Mastercoin is the fact that Bytemaster was wise enough to understand that Bitshares has to be self sustaining in a capitalist environment because most of the users exist in those environments.

Discuss? Be sure to let me know when these ideas become too crazy.

References

http://www.wired.com/2014/06/algorithms-humans-bffs/

https://en.wikipedia.org/wiki/Domestication

https://en.wikipedia.org/wiki/Selective_breeding

97
General Discussion / Bitshares in Cuba?
« on: December 19, 2014, 01:20:24 am »
Any plans for Bitshares to expand to Cuba now that the cold war is finally over?

99
General Discussion / [DAC Proposal] Anything On-Demand - Genie
« on: December 04, 2014, 12:26:57 pm »
Anything on Demand is the holy grail. It is like a genie which integrates into the users "smart home" similar to Amazon Echo but running distributed across multiple devices via the Internet of Things.

Suppose we had a DAC modelled after WunWun?

The way this DAC would work is through voice recognition. You simply tell it what you want and whatever you want magically arrives at your door. It accomplishes this through use of autonomous software agents which make your purchases for you online and then human delegates get paid to make the deliveries as couriers.

These delegates will have to be vetted carefully and may have to form a cooperative for legal protection. This cooperative would allow participants in the DAC to trust the courier service while also allowing the courier service to abide by whatever legal restrictions there are which go along with running a courier service.

The easiest thing this could apply to is food. Everyone must eat but who wants to spend time shopping? If you can simply tell your DAC your shopping list and have the courier / deliver service go get it for you then it would save time. Of course this model could apply to a lot more than just food deliveries because anything you demand could be supplied through the DAC.

To develop this DAC the team will need


1) An expert in machine learning/AI.

Voice recognition is important to make this DAC work. A deep understanding of autonomous agent networks, conditional preference networks and ambient intelligence are also necessary to make this DAC work. It could use the Bitshares toolkit as it's base code foundation as long as it has a talented AI developer who can expand it.

2) A legal expert able to navigate through the legal risks and form a cooperative for the delegates to operate under. Currently FedEx is being indicted by the DEA so it is important to take all necessary legal precaution.


Reference

http://techcrunch.com/2014/09/30/wunwun-the-service-for-on-demand-anything-rebrands-in-time-for-san-francisco-launch/

http://www.wired.com/2014/08/viv/

100
It would be a good idea if merchants act as BTMs. Buy products from them and get Bitcoin in the same purchase. Merchants can sell Bitcoin or BitAssets directly to the customers.

Another idea is why not use BitUSD for change back? You go to CVS or whatever to buy whatever and you get some BitUSD back or BTC back?

101
Quote
In artificial intelligence, an evolutionary algorithm (EA) is a subset of evolutionary computation, a generic population-based metaheuristic optimization algorithm. An EA uses mechanisms inspired by biological evolution, such as reproduction, mutation, recombination, and selection. Candidate solutions to the optimization problem play the role of individuals in a population, and the fitness function determines the quality of the solutions (see also loss function). Evolution of the population then takes place after the repeated application of the above operators. Artificial evolution (AE) describes a process involving individual evolutionary algorithms; EAs are individual components that participate in an AE.
Fitness

DACs which follow the social consensus are part of an evolutionary algorithm. That evolutionary algorithm can measure DAC fitness. DAC fitness can be measured in economic efficiency/profitability, and they can be measured in how effectively they produce the intended results inherent in their design. So if we look at Bitcoin we can see for example it's not economically efficient because the price is trending down along with constant inflation or dilution, we can also see that it doesn't achieve it's long term social goal if Proof of Work ultimately centralizes to the point where we have to trust mining pools, large industrial hashing companies, etc.

Reproduction

A Bitshares DAC can be reproduced in several ways.

1) There is cloning which is just a fork, a new brand, and a relaunch where hardly any mutation takes place. This isn't very desirable because it can split resources up between two identical designs weakening them both. This would be like having two identical Bitshares DACs or with exactly the same features (Devshares?).

2) There is reproduction. This is when you have some new innovative feature added so that it's not a direct clone. Sparkle for example might fit here depending on where developers take it.

Mutation

Mutations are some random variable(s) which allow each DAC in the family chain to have a distinct character. This allows for feature diversity across the family chain which can allow each DAC to optimize for different purposes.

Crossover

This allows for existing solutions to combine together. This process would be similar to the merger which created the SuperDAC or where features from multiple DACs can be shared, copied, etc.

Quote
Evolutionary optimization techniques are particularly useful in situations in which it is easy to determine the quality of a single solution, but hard to go through all possible solutions one by one (it is easy to determine the driving time for a particular route of the delivery truck, but it is almost impossible to check all possible routes once the number of destinations grows to more than a handful).

An evolutionary algorithm is a process which approximates the solution to a problem over time through iterative functions. The name for this process behind Bitshares is called artificial evolution in academic literature. This process mirrors biological evolution where each DAC can be thought of as a design attempting to solve "the great problem" in competition with other designs until an optimal design solution emerges. Bitcoin centralization "one blockchain to rule them all" actually thwarts this artificial evolutionary process because it takes away the human incentives to develop completely new designs and it also restricts designs to fix into the Bitcoin ecosystem which limits design diversity.

Quote
In order to use evolutionary optimization, one has to define for every possible solution s to the problem of interest (i.e., every possible route in the case of the delivery truck) how 'good' it is. This is done by introducing a scalar-valued function f(s) (scalar valued means that f(s) is a simple number, such as 0.3, while s can be a more complicated object, for example a list of destination addresses in the case of the delivery truck), which is called the fitness function or fitness landscape.

A high f(s) implies that s is a good solution. In the case of the delivery truck, f(s) could be the number of deliveries per hour on route s. The best, or at least a very good, solution is then found in the following way: initially, a population of random solutions is created. Then, the solutions are mutated and selected for those with higher fitness, until a satisfying solution has been found.

The more DACs we have the faster our industry can evolve if we adhere to certain rules. Clones (shitcoins) don't contribute much to the evolutionary algorithm. Many of these clones are mere pump and dump schemes designed to make developers rich. In the early days these schemes were tolerable because the industry was so new that getting rich was one of the ways to attract developer talent. As the industry becomes more mature it should become more competitive and the adherence to the evolutionary algorithm may become more important.

Many DACs which compete but which have slightly different designs will be important. Over time DACs will want to distinguish themselves as much as possible so having novel and unique innovative features will be important. If there are a lot of truly innovative DACs with highly diverse features and the competitive process focuses in on innovation engineering then all DACs can become stronger as they compete and learn from each other.


Reference
http://en.wikipedia.org/wiki/Evolutionary_algorithm#Implementation_of_biological_processes

102
Suppose we have an asset token in Bitshares called the conditional rebate token. This token would utilize the price feed of Bitcoin and have a date specified in it's smart contract so that if the Bitcoin price is below a certain price on a certain day then holders of the conditional rebate can redeem more of the underlying asset.

So if the conditional rebate were for an artist coin then holding the conditional rebate token would allow you to get more or less of that artist coin depending on what the price of Bitcoin is on a certain day. You could use oracles to turn anything into a price feed such as the scores in football games.

In traditional crowd sales you buy a certain amount of tokens with Bitcoin and if the Bitcoin price goes up since when you bought those tokens the issuer keeps the difference. If you have conditional rebate tokens then in a crowd sale you could set it up that if the Bitcoin price decreases beyond a certain threshold before the snapshot takes place then they'll get more of the tokens which will encourage them to donate Bitcoins and also to want the Bitcoin price to go up.

References

$566,470 Conditional Rebate Super Bowl Kick-Off Return Promotion - Odds On Promotions
https://www.youtube.com/watch?v=DuCR1FTHku0

Conditional Rebate - Shutout Football Game Sample Advertisement
https://www.youtube.com/watch?v=jgfNluExf8Q

$160,000 in Rebates Paid Out in Football Conditional Rebate Promotion - Odds On Promotions
https://www.youtube.com/watch?v=-xaE7hPm7Ho

104
General Discussion / Kim DotCom is broke. Bankrupted by legal fees.
« on: November 28, 2014, 03:26:21 am »
He has sacrificed a lot personally and professionally. His biggest regret is not taking the MPAA/RIAA serious enough. He believed he would be protected by the law.

Can someone contact Kim DotCom? Introduce him to 2.0 technologies including Bitshares? Partnership opportunities?


http://yro.slashdot.org/story/14/11/27/2022216/kim-dotcom-says-legal-fight-has-left-him-broke
https://www.youtube.com/watch?v=68-PYA7uuGI#t=218
https://twitter.com/kimdotcom

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