Should we Abandon Proof of Stake Marketing?

[BunkerChainLabs-DataSecurityNode]

WTF - Worldwide Trading is Fun (BTD - Better Than Doge)

I thought:

What The Fuck?

Haha... well.. we would totally dominate the crypto meme space with that one! .. not in a good way though.

[liondani]

WTF - Worldwide Trading is Fun (BTD - Better Than Doge)

I thought:

What The Fuck?

[Thom]

BFP - Blockchain For the People
BFD - Blockchain For Deals (is a Big F*ck'n Deal)
TPB - The People's Blockchain
EFN - Earthling's Financial Network (my personal favorite)
WTF - Worldwide Trading is Fun (BTD - Better Than Doge)

ATTAP - All Things To All People

 

[fuzzy]

@PRKG came up with the idea "blockchain for the people" ...and I fell in love with it.

[santaclause102]

For one: https://bitsharestalk.org/index.php/topic,21546.msg280544.html#msg280544

And then a technicality such as the consensus mechanism if boiled down to a phrase such as "delegated proof of stake" isn't suited as a core concept for marketing.

For marketing you need a mantra that is meaningful (something capable of creating emotions and/or a vision about the future) and simple:
Dash - the privacy alternative to Bitcoin.
Ethereum - the (universal) smart contract platform.
etc.

What I wanted to say is that the core vision and the central argument for Bitshares shouldn't be about DPOS (or whatever else) - Ethereum (which is excellent at marketing itself we have to admit) also isn't about POW vs. Casper at it's core.

It's admittedly hard to come up with a mantra for Bitshares though. Maybe: The most salable, decentralized financial platform.

[konelectric]

Beyond Proof of Stake (BPoS).

[Samupaha]

I think that POS hasn't been defended very well or actively lately... It's not enough to write some blog or forum posts once and expect that everybody will get the point. Complicated systems like consensus methods of a blockchain have to be defended and explained regularly – again and again and again.

This doesn't mean that we should go and declare "this is why Bitshares is the best ever" but to remind people that how we have resolved certain problems. Little by little people will understand how good our solutions are compared to other blockchains.

Edit: Just listened the latest hangout.

I really don't think that we can suppose that average Bitcoin people can easily understand DPOS system. Let's assume that somebody wants to know if the accusations against POS are true, especially in the case of DPOS. How they can find relevant information? What they need to google? Where are the webpages that explain why usual critique against POS doesn't apply for Bitshares DPOS? All that information is buried in a few forums and it cannot be find easily.

No wonder that DPOS is rejected if nobody is defending it anywhere. Marketing has always been a problem for Bitshares and this is again a good example of that. Explaining clearly how DPOS works is essential if we want that other people will understand it and accept that it is a suitable solution for a blockchain. Changing the name will not help in any way.

[MrJeans]

board of directors.

May sound odd to crypto people but may grab the attention of everyone else.

[jakub]

http://www.coindesk.com/16-blockchain-tech-predictions-2016/

Ethereum has been working for over a year on replacing bitcoin's slow and wasteful proof-of-work consensus formation algorithm with a proof-of-stake system with many better features.

The buzzwords of 2016 will be 'smart contract', 'Merkle tree' and 'proof-of-stake'.

[chryspano]

Or POSH (Proof of Shares)

[noisy]

Proof of Bandwidth

No, I would understand by this,  that I can mine coins by sharing my not used bandwidth. As far as I know, there are already a coins, which rewords users for shared hard drive space. That would be confusing.

Nevertheless, after reading this thread more carefully, I agree that changing "DPOS" to something else is not so important.

[fav]

what about PoRN? Proof of Reliable Network

[cylon]

yeah, after hearing the "time share/bandwith rate limiting" fee structure proposal, I would support POO or Proof of Bandwidth, not only because the idea makes sense to both US and Chinese points of view in the fee structure debate, but it is a term that people who know nothing of bitcoin or POW can really understand. so in essence it is better marketing to the masses than bitcoin's POW blockchain

billions of  connected human pays phone or innternet bills based on

Proof of Bandwidth

and most hate not utilizing their capacity, so they would see this as fairer than AT&T, Comcast, etc

finally, familiar crypto terms that will resonate with the masses

[fav]

Bitshares and Marketing

[BunkerChainLabs-DataSecurityNode]

Bitshares runs on POO huh?  

Maybe we can spin that as the eco-environmental biofuel angle.

I have just realized what word this will create

This was not intentional. Nevertheless, maybe we could came up with something with similar meaning.

How about... Witness of Ownership Distribution.. AKA.. WOOD

The WOOD IS GOOD!