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Are you sure about that? I don't even know they have an irc channel.. We have no affiliation with babble.io. |
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We have nothing to do with babble and prisma does not have an irc channel. Stop spreading misinformation. |
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The old press release is no longer valid. A new press release, slightly adjusted can be read here, |
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What about global regulations? Are you planning adding KYC verification? USA and China citizens can't participate in the PRIZMA ICO? Nice fud  I'm glad everything is being resolved. The ico details will be determined before it's announced. KYC sounds a little intrusive to me though. We could limit based on ip, but everybody knows how to VPN or use a vps in Europe. But it will be announced. |
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This is actually wrong. This project seems like its run by scammers or copycats. There aren’t real pictures of the people (just cartoons) and I don’t think there was an attempt to even reach out to the Hashgraph guys - just to make a quick buck creating an ICO based on technology that wasn’t theirs.
"Small changes" do not make a protocol unique and all DAGs are not created equal, nor are they all similar. I have read the white paper and patents and the innovation of the Swirlds Hashgraph was virtual voting and gossip about gossip. These are actually very substantial innovations and differentiate it completely from other DAGs e.g. IOTA, DAGchain, Byteball etc. It is what allows the Swirlds Hashgraph to have the speed, fairness and security properties that it has. These characteristics make it very unique, which is why a patent was awarded in the first place.
You cannot simply “get around” innovation / patents with “small changes” like the people behind this project suggest above. You would most likely still be breaking the patent but that is not even the main problem - the main problems are:
1) By making "small changes" to an innovative technology you didn’t create, instead of inventing your own, you are indicating to the market that you cannot be innovative yourselves, because you want a quick cash grab from an ICO.
2) You are launching what is essentially an ICO based on someone else's hard work.
3) You are launching an ICO which could be illegal.
4) If you guys do get into a lawsuit, there goes the value of the project
In summary, you cannot simply make “small changes” and say “see it just looks like other DAGs" and have a new protocol. DAGs have different properties, and the Hashgraph one is especially different. Ask a lawyer and you’ll see I’m right.
And more importantly, this isn’t the way legitimate projects work. Be innovative and ICO that. Don’t be copycats just trying to get around patents and making "small changes" to a technology that you didn't invent. I would never buy into an ICO like that.
You have missed the whole concept here.. sorry. It will not be a copy of anything. We are moving away from using a hashgraph, it will not be used anymore. We are creating our own consensus protocol and it will unique in crypto. If you want a technical discussion i can take that anytime with you on slack. DAG currencies share the same basic principles, how you handle consensus is a different issue. Please join slack and i will explain how it works because you obviosly dont have a clue. I see that you also are somewhat affiliated with Swirlds. You can tell them that we wont use their work... gossip protocols have been around for ages. If you look at their work its based on someone elses. We have studied this a lot and have several lawyers involved. Please dont suggest anything else that we dont know what we are talking about here. We will not use their hashgraph, because we dont need to. We will use our own implementation, period. White paper, website and all of the branding will be redone during the upcoming weeks. Second, swirlds patent might actually break rules as well. We have found papers dating back to 2014 that is very very similar to their work, its nothing unique. I think you can imagine that the crypto community will not receive a closed source or a closed ledger cryptocurrency that is patented very well... people just dont trust their money with it. Actually its hilarious. Our version will be open source, it will be similar in efficiency. Second, show me a open source cryptocurrency that is leaderless and is based on a DAG that got high performance tx speeds and is performance efficient... this is what Prisma is. Third, do you really think that our PhDs in our team would risk their academic reputation by creating something like a scam? Before you join our slack, read up on DAGs and this paper "Scalable and leaderless Byzantine consensus in cloud computing environments.", if you recognize anything from this paper, let me know. Authors: JongBeom Lim · Taeweon Suh · JoonMin Gil · Heonchang Yu /Joey - lead developer |
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This is actually wrong. This project seems like its run by scammers or copycats. There aren’t real pictures of the people (just cartoons) and I don’t think there was an attempt to even reach out to the Hashgraph guys - just to make a quick buck creating an ICO based on technology that wasn’t theirs.
"Small changes" do not make a protocol unique and all DAGs are not created equal, nor are they all similar. I have read the white paper and patents and the innovation of the Swirlds Hashgraph was virtual voting and gossip about gossip. These are actually very substantial innovations and differentiate it completely from other DAGs e.g. IOTA, DAGchain, Byteball etc. It is what allows the Swirlds Hashgraph to have the speed, fairness and security properties that it has. These characteristics make it very unique, which is why a patent was awarded in the first place.
You cannot simply “get around” innovation / patents with “small changes” like the people behind this project suggest above. You would most likely still be breaking the patent but that is not even the main problem - the main problems are:
1) By making "small changes" to an innovative technology you didn’t create, instead of inventing your own, you are indicating to the market that you cannot be innovative yourselves, because you want a quick cash grab from an ICO.
2) You are launching what is essentially an ICO based on someone else's hard work.
3) You are launching an ICO which could be illegal.
4) If you guys do get into a lawsuit, there goes the value of the project
In summary, you cannot simply make “small changes” and say “see it just looks like other DAGs" and have a new protocol. DAGs have different properties, and the Hashgraph one is especially different. Ask a lawyer and you’ll see I’m right.
And more importantly, this isn’t the way legitimate projects work. Be innovative and ICO that. Don’t be copycats just trying to get around patents and making "small changes" to a technology that you didn't invent. I would never buy into an ICO like that.
We will be open source and efficient! We haven't copied anything that I know of. There are several bitcoin forks less innovative than what we are doing, thanks for your post.  |
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Looks like I posted in the wrong thread, so here again: Hello PRISMA team, I ve seen this idea before and am very anxious to see this become a reality and wish you good luck. However, could you clarify your connection to swirlds.com? Just by looking at this, you can see that the ideas are similar: http://www.swirlds.com/whitepapers/The reason why I'm asking is, that is extremely obvious, where the ideas come from. Yet, I haven't found any mention or credit, which concerns me. Are members of your team somehow affiliated with swirlds.com? Are you not affiliated, but decided to use swirlds technology for your project? In this case, you should absolutely point towards the original sources. Oh, and the "whitepaper" link of your Ann throws a 404 error. Regards We are not affiliated with Swirlds in any way. We clearly says that its based on a hashgraph. We will not use the hashgraph consensus algorithm, but rather our own alternative version of it, and can therefore not be called a hashgraph anymore. All DAG based currencies share the same properties (similar to a blockchain where all share the same basic ideas), you will find out if you read other white papers and study its background, small changes makes it unique. White paper is offline until we have updated it properly, we removed it from top post until further notice thx. |
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A small update, we are working on two ideas to make our implementation unique, something that not exists today. This is why things have slowed down a bit. Either way we will finish this, and we will have something unique with at least 100 times the performance of a blockchain (estimation) in regards of transactions per second, it will likely even have better perfomance than that.
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Am I the only one here who thinks that 25 october for ICO is a bad idea? Have you heard about Bitcoin Gold? It's another hardfork of bitcoin, planned for 25 october. Everyone will invest in bitcoin, to take forked coins for free. In my opinion, better to move date up to on 1-3 days.
The ICO is postponed... it will not occur on the 25th of october. The reason is explained below in the update. |
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I read the whitepaper. Very interesting concept, I hope to see this live in action though. But in my honest opinion, this should be fourth generation already.
Its interesting tech indeed, lets not hype it too much  but yeah, imho, its more efficient than other consensus out there atm. |
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Hello. Is this project linked by any way to swirlds ?
The CEO created the hashgraph algorithm and it's patented
US patents are valid in US only, we are not based in US and we do not have any single organization or company based in US behind Prisma. The algorithm it self can not really be patented, or normally cant be, swirlds implementation on the other hand can be. |
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You are open source mate, you gave us the idea, you are not yet fully developed, we will develop it ourselves and even will add a few better features
Then we'll make it mineable for people to mine it instead of buying ICO. you are no government, no one is backing you, you are free to walk away with
Our money at any time. Satoshi made Bitcoin POW because he knew something like ICO never gets adopted by masses. you are selling the bottle with
No milf(k) in it mate.
Good luck with that. You would defeat the whole purpose of a hashgraph using Proof of Work. |
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this project is going to be huge  We aim for that thank you |
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Glad I browsed the altcoin section today and saw this. There is never enough crypto projects that can scale faster thean Mastercard or Visa, even one that has no blockchain is ok in my book.
Yes, this is very interesting tech for sure. |
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Thread reopened! Discussions on Prisma will now occur here.
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