I guess I could host a wiki in a sub directory my bitfreak.info domain. I haven't actually installed a wiki before but I'm guessing it should be fairly easy to do. I was actually about to get some sleep but I'll see if I can get it installed quickly and then give you an admin account or something so you can get it set up and add your stuff to it. Give me 10 or 20 mins and I'll get back to you.

lol well in reality it was more of a group effort. I had help from a lot of people, including you, to develop the idea into what it is now. But you definitely helped out the most and I will admit you deserve a lot of credit too.

Address is in my signature. Let the compensation flow in.

Honestly though you can help by donating to the project donation address.

Exactly, I'm not sure bytemaster has really read the paper properly, or he isn't fully grasping it based on what he has said in this thread so far. I'm glad you seem to understand my design better than I do though. lol.

Something like it can be done with the existing blockchain, such as the ultimate blockchain compression concept, but it will be a very difficult thing to do and will still never be anywhere near as efficient as this scheme unless you can find some way to perfectly compact all the transactions into a rolling blockchain similar to the mini-blockchain. The transaction data is the bulk of the data in the blockchain and the beauty of this concept is that no one has to store the full blockchain, they only need the mini-blockchain and the account tree. The account tree will eventually end up being the most bulky part of the scheme but it will still be very tiny for a very long time because it will only need to track non-empty addresses. Look at the current stats on Bitcoin for how many addresses the network has seen and then do the math. We're talking an ultra-compact alt-coin here.

Ok yes I do remember that post now but I kind of skimmed over it the first time I read it because it seemed like a fairly complex idea. Reading it again more carefully it does make sense to me and I think it could work, but it is a moderately complex idea and it will require a new field in each account tree to keep track of the account withdrawal limit if I'm not mistaken. It's definitely something to keep in mind, but probably better to include it in a later version of the implementation rather than put it in too early. It would be good to have something like that included before the first official client is publicly released though.

Where did aaaxn say that, because I'm not sure that is true. It seems to me that one must still wait for a few confirmations for the same reason one must wait for multiple confirmations in bitcoin: orphaned blocks (and more unlikely, a 51% attack). But obviously quicker confirmation speeds will make it faster than bitcoin.

Yes exactly, I'm fairly confident in the idea but we can't be 100% sure that the concept will work as we except it to. That's why I just want to leave out all the extra stuff for now, so we can focus on what is important and get it done as quickly as possible.

Unfortunately the scheme can't be built on top of an existing blockchain scheme. The closest thing to something like that is the "ultimate blockchain compression" scheme. We were just talking about how this scheme is quite similar to the ultimate blockchain compression scheme in the white paper thread. It is very similar but because we're not trying to apply a change on top of an existing blockchain scheme we can leave out many unnecessary features and make it more efficient than the ultimate blockchain compression scheme. I did start off looking for ways to improve the Bitcoin blockchain but eventually I ended up designing this whole new scheme.

It looks like digitalindustry might have also given up on his PoS + Mini-Blockchain project because he nows appears to be managing the nibble alt-coin. It appears to be just another run of the mill coin that offers nothing new. One thing about it did catch my attention though:

Apparently bytemaster's idea isn't going to work out like he had hoped. He posted this in his BitShare Economic Theory thread a little while ago:


I'm now trying to persuade him to join this project.  

Good idea, I will do that now. I meant to send you a message with a link to that thread but I must have forgotten about it. At least you know now.

Project implementation thread can be found at link below. As of yet no developers have come forward to help so if you can help in any way or know anyone who can, that would be helpful.

https://bitcointalk.org/index.php?topic=215936.0

Yes, basically, that is the answer. It is quite similar in many ways but because we're not trying to apply a change on top of an existing blockchain scheme we can leave out many unnecessary features and make it more efficient, and much easier to build.

Great. Now you can abandon this idea and help me implement the mini-blockchain idea.

Well yes those short links may be used for phishing but the link I referred to is obviously a real YouTube link. That playlist seems to contain all the videos anyway.

How exactly is this a phishing link, seems perfectly fine to me.

Just released version 0.9.0. It adds multiple new features including a new section for managing and exporting the bitcoin keys in the admin area and increased modularity in the template system. I've also added a showcase page to the BitShop website which contains a few good examples of what can be done with this script.

Well unfortunately math is not my strongest talent so you kind of lost me with that, but it seems like you may be onto something. What you are saying seems some what similar to the other rolling chain solution I mentioned in my paper. I hope it actually is possible to implement something like this on top of bitcoin, that will give me much more faith in the long term future of bitcoin.