Author Topic: 1500 PTS - Bitcoin clone with Dividends, POS, and Signature POW [CANCELED]  (Read 8520 times)

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Offline barwizi

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Re: 1500 PTS - Bitcoin clone with Dividends, POS, and Signature POW [ACTIVE]
« Reply #30 on: January 21, 2014, 07:46:36 am »
perhaps you can weigh in bytemaster, should i change ?
Quote
Please use the same curve at bitcoin so all private/public keys in my libs are compatible.

got it
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Offline barwizi

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Re: 1500 PTS - Bitcoin clone with Dividends, POS, and Signature POW [ACTIVE]
« Reply #31 on: February 11, 2014, 04:15:08 pm »
altough unrelated, i now have a functional PTS PoS coin.

i now have time to pay attention to Bounties again.
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Offline bytemaster

Re: 1500 PTS - Bitcoin clone with Dividends, POS, and Signature POW [ACTIVE]
« Reply #32 on: February 11, 2014, 04:36:37 pm »
altough unrelated, i now have a functional PTS PoS coin.

i now have time to pay attention to Bounties again.

Nice... details?
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Offline barwizi

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Re: 1500 PTS - Bitcoin clone with Dividends, POS, and Signature POW [ACTIVE]
« Reply #33 on: February 12, 2014, 11:10:28 am »
altough unrelated, i now have a functional PTS PoS coin.

i now have time to pay attention to Bounties again.

Nice... details?

i'll pm you in a bit. I'm writing the instructions.
« Last Edit: February 12, 2014, 11:24:22 am by barwizi »
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Offline barwizi

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Re: 1500 PTS - Bitcoin clone with Dividends, POS, and Signature POW [ACTIVE]
« Reply #34 on: February 12, 2014, 01:43:53 pm »
altough unrelated, i now have a functional PTS PoS coin.

i now have time to pay attention to Bounties again.

Nice... details?

check your inbox

the basics, are it uses the BTS PTS version of momentum. It's already complete and has been tested a few times now. I just finished writing the instructions for modifying it both basic and advanced. It can be used for BTS initiatives as is since it includes a custom license that tries to mimic the draft SCSL.

So its PoS
Momentum
Highly customize-able
Easy to modify and deploy.


 :)

Now it just needs a valid use.
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Offline bytemaster

Re: 1500 PTS - Bitcoin clone with Dividends, POS, and Signature POW [ACTIVE]
« Reply #35 on: February 12, 2014, 06:39:40 pm »
altough unrelated, i now have a functional PTS PoS coin.

i now have time to pay attention to Bounties again.

Nice... details?

check your inbox

the basics, are it uses the BTS PTS version of momentum. It's already complete and has been tested a few times now. I just finished writing the instructions for modifying it both basic and advanced. It can be used for BTS initiatives as is since it includes a custom license that tries to mimic the draft SCSL.

So its PoS
Momentum
Highly customize-able
Easy to modify and deploy.


 :)

Now it just needs a valid use.

Very interesting... but it looks like it is using POW to decide the longest chain?

For the latest updates checkout my blog: http://bytemaster.bitshares.org
Anything said on these forums does not constitute an intent to create a legal obligation or contract between myself and anyone else.   These are merely my opinions and I reserve the right to change them at any time.

Offline barwizi

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Re: 1500 PTS - Bitcoin clone with Dividends, POS, and Signature POW [ACTIVE]
« Reply #36 on: February 13, 2014, 01:46:20 pm »
altough unrelated, i now have a functional PTS PoS coin.

i now have time to pay attention to Bounties again.

Nice... details?

check your inbox

the basics, are it uses the BTS PTS version of momentum. It's already complete and has been tested a few times now. I just finished writing the instructions for modifying it both basic and advanced. It can be used for BTS initiatives as is since it includes a custom license that tries to mimic the draft SCSL.

So its PoS
Momentum
Highly customize-able
Easy to modify and deploy.


 :)

Now it just needs a valid use.

Very interesting... but it looks like it is using POW to decide the longest chain?

yes, it uses PoW for that, i'll think on the PoS  could you point it out please?
« Last Edit: February 13, 2014, 02:21:02 pm by barwizi »
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Offline barwizi

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Re: 1500 PTS - Bitcoin clone with Dividends, POS, and Signature POW [ACTIVE]
« Reply #37 on: February 23, 2014, 10:31:18 am »
Do you still need this?
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Offline bytemaster

Re: 1500 PTS - Bitcoin clone with Dividends, POS, and Signature POW [ACTIVE]
« Reply #38 on: February 23, 2014, 08:14:12 pm »
Do you still need this?

It should use TaPOS rather than Signature... but yes, this would be nice.
For the latest updates checkout my blog: http://bytemaster.bitshares.org
Anything said on these forums does not constitute an intent to create a legal obligation or contract between myself and anyone else.   These are merely my opinions and I reserve the right to change them at any time.

Offline barwizi

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Re: 1500 PTS - Bitcoin clone with Dividends, POS, and Signature POW [ACTIVE]
« Reply #39 on: February 23, 2014, 09:02:16 pm »
Do you still need this?

It should use TaPOS rather than Signature... but yes, this would be nice.

looking into it, will report back soon.

Quote
The concept of Poof-of-Stake


Well, it seems in this case we need to change a lot, i'll take a good read of your paper. I want to ask though, signing tx with previous block hashes even truncated ones has the potential to bloat the blockchain way beyond what bitcoin is now in less than a year. the current hard limit of 7tps was put in place to temporarily forestall this issue. Also tx are made up of other tx, all of which is stored on the blockchain, this system makes for a slow and very bandwidth reliant blockchain.

We could resolve this by creating two types of clients, one that runs the full node and is heavily compensated and another "lite" client for the average user. This however brings up issue of DoS attacks targeting the back-bone nodes.

Let me keep reading and i'll see what i come up with, this however already looks like a pretty large project. I
« Last Edit: February 23, 2014, 10:13:48 pm by barwizi »
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Offline barwizi

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Re: 1500 PTS - Bitcoin clone with Dividends, POS, and Signature POW [ACTIVE]
« Reply #40 on: February 24, 2014, 12:34:24 pm »
i may have a ""testing"" version in two/3 days. wish i could make it in time for the snapshot.
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Offline toast

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Re: 1500 PTS - Bitcoin clone with Dividends, POS, and Signature POW [ACTIVE]
« Reply #41 on: February 24, 2014, 02:39:26 pm »
I think you should be able to get the bounty with just signature POW. Was the TAPOS requirement added while the bounty was in [PENDING] or [ACTIVE]?
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Offline barwizi

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Re: 1500 PTS - Bitcoin clone with Dividends, POS, and Signature POW [ACTIVE]
« Reply #42 on: February 24, 2014, 03:18:10 pm »
I think you should be able to get the bounty with just signature POW. Was the TAPOS requirement added while the bounty was in [PENDING] or [ACTIVE]?
[ACTIVE] but i find the TaPOS quite intriguing, i'll see what he says.
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Offline barwizi

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Re: 1500 PTS - Bitcoin clone with Dividends, POS, and Signature POW [ACTIVE]
« Reply #43 on: February 24, 2014, 09:17:33 pm »
I've added block height into transactions, but now i need to figure out how to make a check for it. 
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Offline cass

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Re: 1500 PTS - Bitcoin clone with Dividends, POS, and Signature POW [ACTIVE]
« Reply #44 on: February 24, 2014, 10:38:39 pm »
I think you should be able to get the bounty with just signature POW. Was the TAPOS requirement added while the bounty was in [PENDING] or [ACTIVE]?
[ACTIVE] but i find the TaPOS quite intriguing, i'll see what he says.

indeed it would be really great if you could get bounty before snapshot! Knock on wood!
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