Bitcoin Forum

Distributed Autonomous Corporation is becoming a popular trend. I predict we'll see at least one major scam related to DAC within next 6 months. Be careful.

could you elaborate what exactly is the problem?
Don´t see how this should work.

Decentralized Autonomous Corporation is just a vague concept with no strong theoretical background. But some guys are already exploiting this idea. First we had a lot of amateurs running exchanges, soon we will have amateurs launching DACs.

Like...ehm almost every new thing involving money ever?
Chances this prediction will come true aren't that bad.

There is an already launched project related to DACs which looks very suspicious to me.

Can you be more explicit please?

No, coz I don't have a proof.

you don't need a proof for suspicions

i got 5 on it

Right. But I do need a proof to post them publicly.

There are not a lot of projects which insist on DAC so I think every body know which one you mean.

But maybe you can elaborate on the reasons whith make looks this project suspicious to you?


(Btw I am suspicious that you are spreading FUD about a competiting project to yours for the only reason that it's a competiting project to yours. Coincidentally, your project looks very suspicious to me. But since I don't have proof, I will not tell the name of that project. Do you think I should make a thread to warn newbie though?)

U ought to do this!

PS: There are at least 2 such projects, btw.

Its not so much FUD, but is in C-f-B's best interests to warn people against DAC scams.
Part of the project where C-f-B is working on, relies heavily on the DAC concept, and if there is a wave of DAC-related scams, that will harm legitimate projects.

Wow, u play almost at grand master level!
"Almost" coz it's still detectable. :)

Scam reporting list might be a viable option

People have been scamming every type of currency since the beginning OF currency. I doubt seeing the DAC attempting to scam Bitcoins will come to much of a shock to anyone.

I don't know about DAC's but I think the cow's are up to something.... I don't have proof so I wont say more....

alright np man, keep us informed should there be any new info, thanks for the heads up.

So which one are you talking about? Is the first letter an I or an E?

What are the elements which make you suspicious toward them?

^What he said. Maybe you can find something out just based on their code. If the first letter isn't an I or an E then yes, you are getting scammed.

Already answered on ur questions. Re-read the thread plz. 2-3 times if necessary.

Wtf is a dac

Noone knows but everyone talks about it.

Shits going to hit the fan when you expose them

I don't care about exposing "them", I want to warn newbies.

 ??? Isn't the Bitcoin protocol a DAC?

It's not Turing-complete. Only a genius is able to create a DAC using a Turing-incomplete language.

Yeah but who are you talking about?

Never mind.

I see you gave a hint in your penultimate message. That's what I wanted. Thanks.

Did I?

Yes what is it

I just explained why Bitcoin can't be used for DACs.

Is this some sort of marketing campaign for the coin you've got advertised in your sig?

I'm only wondering because you aren't being specific at all... I don't think anyone here knows/understands what you're trying to say

They're going to come after you

what is doge
what is dac

use google :D
I'm getting tired of your shit :D

They'll get you too

Am I sleeping or aliens have used their weapon that globally lowers IQ tenfold? ;D

Luckily I had my tin foil hat on

Maybe you can elaborate on that, just from a technical standpoint. What makes Turing-complete language essential to create a DAC?

I wouldn't even bother asking this guy to "elaborate"... all you're going to get back is a bunch of cryptic babble

Well... In plain English I would explain it in such a way:

Imagine 2 people, Alice and Bob. Alice knows only how to add and subtract numbers, but Bob knows how to add, subtract and multiply them.
If u ask Alice to calculate 2*3, she will do it in such a way: 2 + 2 + 2. Or 3 + 3 if she is smart enough. Obviously, Bob would just multiply these numbers.
Now let's ask them to calculate 2.5 * 3.72. Alice won't be able to do it, but Bob will do the same without any problems.
U see there is a difference between Alice and Bob, coz Alice, unlike Bob, is Turing-incomplete.

Thanks.

That means Turing-completness enable to do more stuff and more efficiently than Turing-incompletness, am i right?

Also I think I get why it's important for a DAC Platform (where you build DAC on top of it), but why a DAC alone should bother with Turing-completness? Since a DAC can probably be programed from the start to be able to do what it supposed to do in a efficient way, even with Turing-incompletness (e.g. Bitcoin).

Only to do more stuff. Efficiency doesn't matter.



I doubt it's possible to create a DAC in a Turing-incomplete language. But u should try.

Technically, Bitcoin is a DAC. So it looks like it's possible.

I disagree. Bitcoin is written is C. I'm talking about Bitcoin protocol and its scripting language.

The other stuff you've stated (about DACs) is correct but Bitcoin is *not* written in C - it is written in C++ (there is a *huge* difference).

Ah, right. Sometimes I confuse these 2 languages. :)

 ???  Alice can normalise the decimals, i.e. to 250 and 372, add recursively, then adjust the decimal point back afterwards.  As all numbers in computers are Hex or ultimately binary numbers, and they have no decimal points, that's how it works anyway. 

I really dont understand what you are going on about with your claim of a DAC and Turing complete languages.  You can create a language targeted to perform a specialised function and not be Turing complete.  The whole point of that term is that the language can do any logical function.  Either you your deliberately confusing the subject or you're very poorly made your case.  possibly both.

That was an analogy...


U can create a language with only 1 function - launchDAC(). Sorry, but ur point doesn't make much sense and looks like an attempt to argue for the sake of demagogy.

^^^^I kid I kid, LOL the OP is talking about Ethereum, but even though he is apart of nxt I am beginning to respect his opinion. Read this article and make your own opinion, https://bitslog.wordpress.com/2014/01/17/ethereum-dagger-pow-is-flawed/ , If I'm wrong ill edit this post

I bet u didn't pay attention to the date of the OP.

eh, doesn't matter, seems like there is  a storm brewing between ethereum and protoshares (or bitshare ??? angleshare??) don't know what the hell those mean but you are right, I actually didn't see the date I assumed bc it was DAC related it couldn't be that old of a thread

Your analogy was pure rubbish though, and as for arguing, i was asking you to restate your point more clearly.  Apparently you cant.  You may have a point, you may not, I cant tell because of the evasive reaction to questions.  Hows that for demagogy?

Where i'm coming from...


You've made a bold statement then backed it up with a poor example that doesn't explain the point anyway.  I see no reason why Bitcoin isn't a DAC, unless you are defining DAC as something other than a basic understanding of "Distributed Autonomous Corporations".  Why even say Bitcoin protocol isn't Turing complete when it isn't a language? 

These words proved my suspicion about the aliens.  :D

Do u mean Ripple Exchange and ButterCoin Exchange ?

This site wants to "check my Browser" on access... Bailed out fast as I could.

https://cryptocointalk.com/topic/3181-daycoin-dac-information/

wow, what a waste of a thread. 3 pages later and still know one knows what exactly the OP is trying to say

he's one of the most ignored members on the board. just hit the ignore button.

Very true. Coz when trolls don't have counter-arguments they hit [Ignore] button.

Well what you've said is only partially true. Most people ignore you because you are tirelessly vague, and its really hard to debate with you when we have no idea what the hell you're talking about. It's not that i hate you, but i get tired of clicking on your threads and beign let down time and time again.

Hm, I didn't know that u were reading my threads. Who does force u?

No one forces me. I just tend to pay attention when intelligent people are speaking.

OMG, why didn't u hit [Ignore]??

(don't answer this question)

Document proof via spycam.

http://www.cartoonstock.com/lowres/money-banking-sheep-cows-chickens-hens-pigs-dre1053l.jpg