Bitcoin Forum
May 27, 2024, 05:11:11 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 [15] 16 »
281  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Storj - Decentralized Storage on: December 12, 2014, 09:14:18 PM
It is remarkable quiet here considering the latest developments in price  Grin

To busy buying to chat. Bye.
282  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [PRE-ANN][ZEN][Pre-sale] Zennet: Decentralized Supercomputer - Official Thread on: December 06, 2014, 04:37:05 AM
I really like this project and I have been waiting for something like this to being done.

But I don't believe and don't like the presale model.

If you really want a distributed a decentralized model, the DPoS one is by far closer to that than a central presale.

Please explain what you don't like on the presale model.
Btw we're redesigning it.

I think koinify is becoming the gold standard for crypto crow sales.
283  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [VIA] ★ Viacoin ★ ~ the future of digital currency ~ ★ on: December 03, 2014, 05:55:52 AM
Merge mining? What happened to treechains concept of decentralizing  mining?
284  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [PRE-ANN][ZEN][Pre-sale] Zennet: Decentralized Supercomputer - Official Thread on: November 21, 2014, 12:23:19 AM
Well my vote is POS. POS is the answer and will replace POW long term. POS is the more distributed model that I feel is perfect for this project. Just not dpos.

which specific kind of POS? there's a whole zoo

Thank me later.
http://bravenewcoin.com/assets/Uploads/TransactionsAsProofOfStake10.pdf

I think the tendermint algorithm should be modified in away that utilizes the above white paper.
285  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [PRE-ANN][ZEN][Pre-sale] Zennet: Decentralized Supercomputer - Official Thread on: November 20, 2014, 10:37:03 PM
Well my vote is POS. POS is the answer and will replace POW long term. POS is the more distributed model that I feel is perfect for this project. Just not dpos.

which specific kind of POS? there's a whole zoo

That's the million dollar question.  Honestly, I would message Jaekwon. He is more of the expert on the matter.
286  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [PRE-ANN][ZEN][Pre-sale] Zennet: Decentralized Supercomputer - Official Thread on: November 20, 2014, 10:03:46 PM
Well my vote is POS. POS is the answer and will replace POW long term. POS is the more distributed model that I feel is perfect for this project. Just not dpos.
287  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [PRE-ANN][ZEN][Pre-sale] Zennet: Decentralized Supercomputer - Official Thread on: November 20, 2014, 09:06:40 PM
To be honest, I also reconsider plain old POW, counting on the ASICs not to bite from zennet's computing resources.
I talked with HMC about his "kill switch" and he explained that in order to restart the chain, one would have to invest the resources needed to create the original chain. Of course, it's much more difficult on BTC-like POW.

I don't mind POW but I thought the concern was confirmation times?. Personally, I would like to see Zennet as the most energy efficient super computer in the world but that decision is ultimately yours. As long as the cost of selling my computer resources can also cover the cost of POW I guess it would be fine? I do hope that POW will usher in new renewable energy ideas before the next BTC halving in 2 years but that's another topic.
288  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [PRE-ANN][ZEN][Pre-sale] Zennet: Decentralized Supercomputer - Official Thread on: November 20, 2014, 06:56:42 PM
From what I understand, and the reason I mentioned it here, is that tendermint confirmations times are limited only by the bandwidth of the network, for example, with about 10,000 validators = about  1min confirmations times and also unlike dpos doesn't rely on having trust in the 101 delegates.

"On the other hand existing proof-of-stake protocols do
not have a well defined intrinsic penalty for instigators of a double-spend attack.
This is commonly called, ironically, the “nothing at stake” problem. Newer protocols
like the BitShares delegated-proof-of-stake protocol attempt to address this problem
by placing the role of ranked-delegate at stake [3], but security is dependant on
the extrinsic ability of stakeholders to accurately predict the future performance of
delegates."


Reference on confirmation time about 19:00 mark
http://letstalkbitcoin.com/blog/post/beyond-bitcoin-21-consensus-without-mining

Directly from the developer:
Hi Keith, the conf time depends on the available bandwidth of each node and the number of validators. With say a 10Mbit connection for everyone and 5000 validators it should get sub minute confirmations.
289  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [PRE-ANN][ZEN][Pre-sale] Zennet: Decentralized Supercomputer - Official Thread on: November 20, 2014, 06:24:16 PM
From what I understand, and the reason I mentioned it here, is that tendermint confirmations times are limited only by the bandwidth of the network, for example, with about 10,000 validators = about  1min confirmations times and also unlike dpos doesn't rely on having trust in the 101 delegates.

"On the other hand existing proof-of-stake protocols do
not have a well defined intrinsic penalty for instigators of a double-spend attack.
This is commonly called, ironically, the “nothing at stake” problem. Newer protocols
like the BitShares delegated-proof-of-stake protocol attempt to address this problem
by placing the role of ranked-delegate at stake [3], but security is dependant on
the extrinsic ability of stakeholders to accurately predict the future performance of
delegates."


Reference on confirmation time about 19:00 mark
http://letstalkbitcoin.com/blog/post/beyond-bitcoin-21-consensus-without-mining
290  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [PRE-ANN][ZEN][Pre-sale] Zennet: Decentralized Supercomputer - Official Thread on: November 20, 2014, 03:25:20 PM
you will definitely notice when the sale begins Smiley

There is a new Proof of Stake kid on the block called Tendermint. Tendermint.com to read the whitepaper.
291  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [ETC] Ethercoin | Redeemable 1:1 for ethers | Official Thread on: November 18, 2014, 10:10:56 PM

Yea but up to $32. Insane.
292  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [ETC] Ethercoin | Redeemable 1:1 for ethers | Official Thread on: November 18, 2014, 10:08:50 PM
What happen?
293  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [PRE-ANN][ZEN][Pre-sale] Zennet: Decentralized Supercomputer - Official Thread on: November 18, 2014, 04:46:16 PM
Interesting. Any plans for an interview on "Let's talk Bitcoin" podcast?

no. good idea.
btw there is an old podcast here http://insidehpc.com/2014/08/radio-free-hpc-looks-xennet-initiative/

Cool thanks.   Grin Grin
294  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [PRE-ANN][ZEN][Pre-sale] Zennet: Decentralized Supercomputer - Official Thread on: November 17, 2014, 08:03:22 PM
Interesting. Any plans for an interview on "Let's talk Bitcoin" podcast?
295  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [PRE-ANN][ZEN][Pre-sale] Zennet: Decentralized Supercomputer - Official Thread on: November 16, 2014, 05:22:25 AM
My question is why do you think we need a decentralized Amazon web services? What are you trying to solve with this project? I believe it would be more powerful if say a poor kid in Isreal had an idea and that such a service was available. Or For that class room in Africa and others like it all over the world that do not have the computer power needed to study X technology. I think what the spirit of Bitcoin has is what is missing in Zencoin. Understand what I mean?

This should be disrupting companies like Amazon web services not competing with them. I feel there is a difference.

Anyway, having said all that. Besides the business model, I think what you are building is awesome.

Best of luck.
296  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [XCH] ★ ClearingHouse - Freedom by Blockchain ★ on: November 14, 2014, 11:14:50 PM
I think Clearinghouse should use http://codius.org/ and not Ethereum turing language but hey whateva.
297  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [PRE-ANN][ZEN][Pre-sale] Zennet: Decentralized Supercomputer - Official Thread on: November 14, 2014, 12:09:14 AM
 I can use this to 51% attack other coins. Has this been discussed?
298  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [VIA] ★ Viacoin ★ ~ the future of digital currency ~ ★ on: November 12, 2014, 02:56:53 PM
What are you talking about? What's on the website?
299  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [PRE-ANN][ZEN][Pre-sale] Zennet: Decentralized Supercomputer - Official Thread on: November 12, 2014, 02:53:31 PM
Please let me know when I can give you money. Take it just take it. This is amazing.
300  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [VIA] ★ Viacoin ★ ~ the future of digital currency ~ ★ on: November 11, 2014, 06:33:02 PM
Me: Mom, I just made the top 150 richest men in the world list!
Mom: Well can I just borrow $100?
Me: What's your Viacoin address?
Mom: ...
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 [15] 16 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!