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1  Bitcoin / Project Development / Forget blockchain, hail blockspace on: May 21, 2018, 03:51:07 PM
DiceBlockSpace will be the new PoAP coin made for massive daily usage.
DiceBS use Proof of Active Purchase and is designed to be a fast way to confirm Dice to the blockspace.
Its designed to not only have a chain working in one direction but if all directions at the same time.

Imagine a dice, 6 sides with 1-6.
In the beginning DiceBS will creat one dice. Lets call this dice D.
D has its face down, number 1 is downwards and 6 is upwards.

In the Dice D block there is 5 transactions pending until a 6th comes along and they all confirm eachother with manual action from their users (through and wallet), Each transaction is made with an active purchase and together with the other five they confirm the block and the block generates two new dices with each a number of 1-6.
First dice rolls a four, and the second rolls a six. The new dices is connected to the D dice so the return is 7 combined(6+1=1, 5+2=1, 4+3=1, 3+4=1, 2+5=1,1+6=1, 1+2=0, 2+2=0 etc.).
The two new dices contains another 6 simultanious transactions, and the Diceblockchain grows in multiple ways. When the blockspace is grown to 13*13*13 the blockspace is merged into a new dice with its number 2 facing down (Six dices each way with D block in the middle).
The merged dice contains only the ledger and no transactions, just a printscreen of the current state.



If you want to join me in this journey, contact me at telegram @dr_kluven or DM.
2  Bitcoin / Project Development / Re: The next Bitcoin on: May 21, 2018, 02:56:04 PM
Quote from: OriginTrain on May 18, 2018, 03:19:14 PM
It's obvious that Bitcoin is lagging behind as a payment system with projects like Ethereum being more efficient at that, and EOS and ADA potentially set to become far more efficient than Ethereum. The problem is that these so called "Gen 3" blockchcains (EOS and ADA) both have systems incredibly similar to centralized finance, notably inflation. The inflation factor is the antithesis of what Bitcoin was created to prevent and in my opinion the original goal of blockchain seems to be lost with projects like EOS and ADA.

Which makes me wonder, could we have the technology of a payment and smart contract/dApp platform like ETH, EOS or ADA, combined with the limited, non-inflationary maximum supply principle of Bitcoin?

Because it seems to me that in order to have world-wide scalable "smart"  blockchains that can be used practically for free, that inflation is necessary to compensate as a reward to miners/nodes. The one project to attempt to counter this is IOTA, but it's a centralized project, not decentralized.

Satoshi Nakamoto created decentralization with limited reducing inflation capped at 21 million, and is an immortal genius in our minds for doing so. Now how will we add scalability to the equation whilst keeping this principle, without introducing centralization or uncapped inflation? This seems like the next "hard problem". And I'm not interested in the current Bitcoin vs BCH politics, but rather a solution to this problem in a theoretical future blockchain.

Did satoshi really make bitcoin to destroy inflation? Then id say thats his biggest flaw. In that case Satoshi made nothing new, just turned the table and in 20 years we will have an elite of spoiled brats who did not do anything for their money. Inflation is nothing bad, Inflation is needed to sustain a society. Bitcoin will never be suitable for daily use because who wants to buy a pizza for bitcoin worth 4 bucks one year and a couple of years later that pizza is suddenly worth 200 000 000 dollar. Understand that inflation is invented so the machinery goes round. If bitcoin was the world currency it would mean that everyone just hodld their bitcoins because its value would rise for each day and every market would die. Inflation is there to make stability and make people realise that tomorrow the coin is going to be worth the same thing as it is today, hence a market is growing.

Inflation is not necessary to compensate as rewards for miners, fees would be necessary. But yes, to keep the chain decentralized the inflation must go somewhere, and in that case to the miners.
But no, i can see plenty of other ways of compensating the nodes/miners, Proof of Purchase maybe? (where those 5 or 10 ppl purchasing something at the same time confirms each others transactions).

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