Re: [Bitcoin-development] Bitcoin Cooperative Proof-of-Stake whitpaper
I completed a whitepaper for Bitcoin a proof-of-stake version which uses a single nomadic verifiable mint agent and distributed replication of a single blockchain by compensated full nodes to achieve 6-hop, sub-second transaction acknowledgement times. Plus it pays dividends to holders instead of wasting it on miners. Subsidized transaction fees are thus lower. I look at this and agree of course that the nodes are decreasing, see, https://getaddr.bitnodes.io/ But when I see stuff in the white paper like misbehaving nodes in the context of an audit agent, a single non-forking blockchain, the notion of Misbehaving nodes that would be banned from the network so as to motivat(e) honest behavior, ~ really, all of this does sound as though a sort of morality is being formulated rather than a mathematical solution. This is not to say that the white paper hasn't addressed a problem that needs to be addressed, namely... the problem of the nodes disappearing, and a few other things. But to take that and then layer onto that the issues associated with proof of stake... There does seem to be a simpler way to address this and I think first without suggesting the complex issue of some kind of thing that would involve dividends for those in a proof-of-stake system, consensus achieved by stake-weighted voting, and so forth, one would be better off removing all references to voting and stake, and determining ways simply to incentivize more substantively those who actually run a full node. Additionally I am hesitant to characterize behavior as has been described in the white paper, as it would seem that (in such a system) there would be an inclination or a tendency to exclude certain patterns or groups of participants rather than determine ways in which all participants or potential peers can serve the network. https://docs.google.com/document/d/1C4m-MFnxw0JjDorzrKs_IRQRqD9ila79o0IDt6KsbcE Because the code is not yet written, this idea is half-baked so to speak. Comments appreciated on my project thread, which will be a development diary. I plan a hard fork of the Bitcoin blockchain in early 2016, after a year of public system testing, and conditioned on wide approval. https://bitcointalk.org/index.php?topic=584719.msg6397403#msg6397403 -Steve Stephen L. Reed Austin, Texas, USA 512.791.7860-- Accelerate Dev Cycles with Automated Cross-Browser Testing - For FREE Instantly run your Selenium tests across 300+ browser/OS combos. Get unparalleled scalability from the best Selenium testing platform available Simple to use. Nothing to install. Get started now for free. http://p.sf.net/sfu/SauceLabs___ Bitcoin-development mailing list Bitcoin-development@lists.sourceforge.net https://lists.sourceforge.net/lists/listinfo/bitcoin-development -- Accelerate Dev Cycles with Automated Cross-Browser Testing - For FREE Instantly run your Selenium tests across 300+ browser/OS combos. Get unparalleled scalability from the best Selenium testing platform available Simple to use. Nothing to install. Get started now for free. http://p.sf.net/sfu/SauceLabs ___ Bitcoin-development mailing list Bitcoin-development@lists.sourceforge.net https://lists.sourceforge.net/lists/listinfo/bitcoin-development
[Bitcoin-development] Bitcoin Cooperative Proof-of-Stake whitpaper
I completed a whitepaper for Bitcoin a proof-of-stake version which uses a single nomadic verifiable mint agent and distributed replication of a single blockchain by compensated full nodes to achieve 6-hop, sub-second transaction acknowledgement times. Plus it pays dividends to holders instead of wasting it on miners. Subsidized transaction fees are thus lower. https://docs.google.com/document/d/1C4m-MFnxw0JjDorzrKs_IRQRqD9ila79o0IDt6KsbcE Because the code is not yet written, this idea is half-baked so to speak. Comments appreciated on my project thread, which will be a development diary. I plan a hard fork of the Bitcoin blockchain in early 2016, after a year of public system testing, and conditioned on wide approval. https://bitcointalk.org/index.php?topic=584719.msg6397403#msg6397403 -Steve Stephen L. Reed Austin, Texas, USA 512.791.7860-- Accelerate Dev Cycles with Automated Cross-Browser Testing - For FREE Instantly run your Selenium tests across 300+ browser/OS combos. Get unparalleled scalability from the best Selenium testing platform available Simple to use. Nothing to install. Get started now for free. http://p.sf.net/sfu/SauceLabs___ Bitcoin-development mailing list Bitcoin-development@lists.sourceforge.net https://lists.sourceforge.net/lists/listinfo/bitcoin-development
Re: [Bitcoin-development] Bitcoin Cooperative Proof-of-Stake whitpaper
Referring to the subsidy for miners as wasting it on miners isn't going to garner you much favor. On May 20, 2014 11:12:53 AM CDT, Stephen Reed stephenr...@yahoo.com wrote: I completed a whitepaper for Bitcoin a proof-of-stake version which uses a single nomadic verifiable mint agent and distributed replication of a single blockchain by compensated full nodes to achieve 6-hop, sub-second transaction acknowledgement times. Plus it pays dividends to holders instead of wasting it on miners. Subsidized transaction fees are thus lower. https://docs.google.com/document/d/1C4m-MFnxw0JjDorzrKs_IRQRqD9ila79o0IDt6KsbcE Because the code is not yet written, this idea is half-baked so to speak. Comments appreciated on my project thread, which will be a development diary. I plan a hard fork of the Bitcoin blockchain in early 2016, after a year of public system testing, and conditioned on wide approval. https://bitcointalk.org/index.php?topic=584719.msg6397403#msg6397403 -Steve Stephen L. Reed Austin, Texas, USA 512.791.7860 -- Accelerate Dev Cycles with Automated Cross-Browser Testing - For FREE Instantly run your Selenium tests across 300+ browser/OS combos. Get unparalleled scalability from the best Selenium testing platform available Simple to use. Nothing to install. Get started now for free. http://p.sf.net/sfu/SauceLabs ___ Bitcoin-development mailing list Bitcoin-development@lists.sourceforge.net https://lists.sourceforge.net/lists/listinfo/bitcoin-development -- Accelerate Dev Cycles with Automated Cross-Browser Testing - For FREE Instantly run your Selenium tests across 300+ browser/OS combos. Get unparalleled scalability from the best Selenium testing platform available Simple to use. Nothing to install. Get started now for free. http://p.sf.net/sfu/SauceLabs___ Bitcoin-development mailing list Bitcoin-development@lists.sourceforge.net https://lists.sourceforge.net/lists/listinfo/bitcoin-development
