Author Topic: What is the goal of Plasma?  (Read 4949 times)

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Offline valzav

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Offline BunkerChainLabs-DataSecurityNode

Plasma enables cheap private block chains.

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Offline sittingduck

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Plasma enables cheap private block chains. 

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Is this still within the same chain, part of the BitShares ecosystem, or is it a whole different ball of wax?
I though Plasma is aim at micro payment solution, but it's impossible to be done with BitShares due to the high fee.. Has it changed?
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Offline xeroc

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"Blockchain technology is something that's very expensive to implement today. The goal of Plasma is to reduce the cost of implementing it so that anyone who knows JavaScript can create a fully functional cryptocurrency complete with user interface in one page of code. This is one page of code that can sit on your monitor at one time, it's like a complete cryptocurrency. You can transfer it, you can do everything you can do with Bitcoin, minus the scripting, but transfer from key to key balances. And you can implement all that knowing only Javascript and without knowing any cryptography. That's the goal of Plasma." - Dan Larimer

Tweet it : https://twitter.com/News_BitShares/status/678264103119355904

Plasma is just another Eris.
https://erisindustries.com/

I think Plasma is being made to impress banks and big companies like Amazon who might feel threatened by true decentralization. It's slightly more secure yeah, but it's not as resilient and resilience is the whole point.

How isn't it as resilient?

It relies on DNS and servers. Neither of which are immune to being shut down. Availability is attackable from what I understand.

To make it resiliant you cannot have any central points of failure. The website, the DNS, and the corporation itself with it's traditional structure, are all points of failure. Eris and Plasma seem to be designed for people who want to cautiously try out blockchain technology without becoming a DAO, DCO or DAC. It's for banking institutions who want to experiment with blockchain technology, without touching Bitshares.

Basically, they like the buzzwords, they like "blockchain", but they don't like the people or community associated with it. They want to basically have the people be their gated community of employees but that right there is centralization and also a high barrier to entry. It assumes they can trust their employees or that somehow an employee is more trustworthy than a crowd sourced miner but the truth is that is not necessarily the case.

The whole point is trust minimization and if you're trusting your employees then not much has changed in terms of resilience. You do get some security benefits but without the resilience it's just a private blockchain which is only as secure as the company itself. I'd say, in some ways having private corporate chains affords more security, but in other cases less, but in most cases it's less resilient.
The point is that once there is a legit user base using plasma, it cant simply be shut down since that would affect many other services.
Think of amazon ec2, you cant shut down amazon because one guy used the service to run a bot net or something similar.

However plasma may not be reailiant against censorship, but that can be be fixed with encryption

jakub

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In short: iota is a lightweight, blockless micro-transactions token aimed specifically at Internet-of-Things (IoT).

I think there is potential for IOTA and CNX to work together on providing the best possible technology for micro-transactions.   As I mentioned on Mumble today, our internal project codenamed Plasma is aiming to make transactions free and instant and thus perfect for micro transactions. 

There are just a few nuggets of inspiration missing from IOTA that when fused by Plasma will amplify your system.   

Once I complete the white paper I think you will be very excited to work with us on standardization.

Plasma is a better web stack with Flux arch and replicated database.

Now that we know Plasma is a blockchain-based web stack, how do you envisage cooperation between IOTA and Plasma?

Offline cass

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"Blockchain technology is something that's very expensive to implement today. The goal of Plasma is to reduce the cost of implementing it so that anyone who knows JavaScript can create a fully functional cryptocurrency complete with user interface in one page of code. This is one page of code that can sit on your monitor at one time, it's like a complete cryptocurrency. You can transfer it, you can do everything you can do with Bitcoin, minus the scripting, but transfer from key to key balances. And you can implement all that knowing only Javascript and without knowing any cryptography. That's the goal of Plasma." - Dan Larimer

Tweet it : https://twitter.com/News_BitShares/status/678264103119355904

Plasma is just another Eris.
https://erisindustries.com/

I think Plasma is being made to impress banks and big companies like Amazon who might feel threatened by true decentralization. It's slightly more secure yeah, but it's not as resilient and resilience is the whole point.

How isn't it as resilient?

It relies on DNS and servers. Neither of which are immune to being shut down. Availability is attackable from what I understand.

To make it resiliant you cannot have any central points of failure. The website, the DNS, and the corporation itself with it's traditional structure, are all points of failure. Eris and Plasma seem to be designed for people who want to cautiously try out blockchain technology without becoming a DAO, DCO or DAC. It's for banking institutions who want to experiment with blockchain technology, without touching Bitshares.

Basically, they like the buzzwords, they like "blockchain", but they don't like the people or community associated with it. They want to basically have the people be their gated community of employees but that right there is centralization and also a high barrier to entry. It assumes they can trust their employees or that somehow an employee is more trustworthy than a crowd sourced miner but the truth is that is not necessarily the case.

The whole point is trust minimization and if you're trusting your employees then not much has changed in terms of resilience. You do get some security benefits but without the resilience it's just a private blockchain which is only as secure as the company itself. I'd say, in some ways having private corporate chains affords more security, but in other cases less, but in most cases it's less resilient.

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Offline btswildpig

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Is this still within the same chain, part of the BitShares ecosystem, or is it a whole different ball of wax?

you shouldn't care because it's not up to you , and it's a contract free society .  ;)
这个是私人账号,表达的一切言论均不代表任何团队和任何人。This is my personal account , anything I said with this account will be my opinion alone and has nothing to do with any group.

Offline donkeypong

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Is this still within the same chain, part of the BitShares ecosystem, or is it a whole different ball of wax?

Offline luckybit

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"Blockchain technology is something that's very expensive to implement today. The goal of Plasma is to reduce the cost of implementing it so that anyone who knows JavaScript can create a fully functional cryptocurrency complete with user interface in one page of code. This is one page of code that can sit on your monitor at one time, it's like a complete cryptocurrency. You can transfer it, you can do everything you can do with Bitcoin, minus the scripting, but transfer from key to key balances. And you can implement all that knowing only Javascript and without knowing any cryptography. That's the goal of Plasma." - Dan Larimer

Tweet it : https://twitter.com/News_BitShares/status/678264103119355904

Plasma is just another Eris.
https://erisindustries.com/

I think Plasma is being made to impress banks and big companies like Amazon who might feel threatened by true decentralization. It's slightly more secure yeah, but it's not as resilient and resilience is the whole point.

How isn't it as resilient?

It relies on DNS and servers. Neither of which are immune to being shut down. Availability is attackable from what I understand.

To make it resiliant you cannot have any central points of failure. The website, the DNS, and the corporation itself with it's traditional structure, are all points of failure. Eris and Plasma seem to be designed for people who want to cautiously try out blockchain technology without becoming a DAO, DCO or DAC. It's for banking institutions who want to experiment with blockchain technology, without touching Bitshares.

Basically, they like the buzzwords, they like "blockchain", but they don't like the people or community associated with it. They want to basically have the people be their gated community of employees but that right there is centralization and also a high barrier to entry. It assumes they can trust their employees or that somehow an employee is more trustworthy than a crowd sourced miner but the truth is that is not necessarily the case.

The whole point is trust minimization and if you're trusting your employees then not much has changed in terms of resilience. You do get some security benefits but without the resilience it's just a private blockchain which is only as secure as the company itself. I'd say, in some ways having private corporate chains affords more security, but in other cases less, but in most cases it's less resilient.
« Last Edit: December 20, 2015, 08:49:16 am by luckybit »
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Offline BunkerChainLabs-DataSecurityNode

"Blockchain technology is something that's very expensive to implement today. The goal of Plasma is to reduce the cost of implementing it so that anyone who knows JavaScript can create a fully functional cryptocurrency complete with user interface in one page of code. This is one page of code that can sit on your monitor at one time, it's like a complete cryptocurrency. You can transfer it, you can do everything you can do with Bitcoin, minus the scripting, but transfer from key to key balances. And you can implement all that knowing only Javascript and without knowing any cryptography. That's the goal of Plasma." - Dan Larimer

Tweet it : https://twitter.com/News_BitShares/status/678264103119355904

Plasma is just another Eris.
https://erisindustries.com/

I think Plasma is being made to impress banks and big companies like Amazon who might feel threatened by true decentralization. It's slightly more secure yeah, but it's not as resilient and resilience is the whole point.

How isn't it as resilient?
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Offline sittingduck

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There is no one point.  Plasma is a better web stack with Flux arch and replicated database.  It has a place.

Offline luckybit

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"Blockchain technology is something that's very expensive to implement today. The goal of Plasma is to reduce the cost of implementing it so that anyone who knows JavaScript can create a fully functional cryptocurrency complete with user interface in one page of code. This is one page of code that can sit on your monitor at one time, it's like a complete cryptocurrency. You can transfer it, you can do everything you can do with Bitcoin, minus the scripting, but transfer from key to key balances. And you can implement all that knowing only Javascript and without knowing any cryptography. That's the goal of Plasma." - Dan Larimer

Tweet it : https://twitter.com/News_BitShares/status/678264103119355904

Plasma is just another Eris.
https://erisindustries.com/

I think Plasma is being made to impress banks and big companies like Amazon who might feel threatened by true decentralization. It's slightly more secure yeah, but it's not as resilient and resilience is the whole point.
https://metaexchange.info | Bitcoin<->Altcoin exchange | Instant | Safe | Low spreads

Offline BitShares News

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"Blockchain technology is something that's very expensive to implement today. The goal of Plasma is to reduce the cost of implementing it so that anyone who knows JavaScript can create a fully functional cryptocurrency complete with user interface in one page of code. This is one page of code that can sit on your monitor at one time, it's like a complete cryptocurrency. You can transfer it, you can do everything you can do with Bitcoin, minus the scripting, but transfer from key to key balances. And you can implement all that knowing only Javascript and without knowing any cryptography. That's the goal of Plasma." - Dan Larimer

Tweet it : https://twitter.com/News_BitShares/status/678264103119355904
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