stevekreizl (OP)
Newbie
Offline
Activity: 4
Merit: 1
|
|
November 19, 2016, 06:39:07 PM |
|
I ran across a newly proposed cryptocurrency that promises to dispense with the blockchain and peer-to-peer network. It's called "Peerless" (very subtle). Have a look at http://www.peerless.money, though this URL forwards to an educational site (strange). But it's a monster white paper, and it promises digital cash that's completely secure, anonymous, and decentralized. Is this a serious competitor to Bitcoin?
|
|
|
|
BurtW
Legendary
Offline
Activity: 2646
Merit: 1137
All paid signature campaigns should be banned.
|
|
November 19, 2016, 10:35:09 PM |
|
What is your connection to this?
|
Our family was terrorized by Homeland Security. Read all about it here: http://www.jmwagner.com/ and http://www.burtw.com/ Any donations to help us recover from the $300,000 in legal fees and forced donations to the Federal Asset Forfeiture slush fund are greatly appreciated!
|
|
|
Scott J
Legendary
Offline
Activity: 1792
Merit: 1000
|
|
November 19, 2016, 10:46:20 PM |
|
Sounds interesting. Will certainly give this a read.
|
|
|
|
franky1
Legendary
Offline
Activity: 4284
Merit: 4547
|
|
November 19, 2016, 10:48:54 PM |
|
What is your connection to this?
the "whitepaper" is 90% rant.. i gave up reading about all the flaws of other systems and then a sudden injection of what this "peerless" thing meant to do. i think its more of a brownpaper than a whitepaper. definitely needs a major re-write
|
I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER. Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
|
|
|
European Central Bank
Legendary
Offline
Activity: 1288
Merit: 1087
|
|
November 19, 2016, 11:18:43 PM |
|
there's a vast amount about bitcoin that could do with tweaking or binning, but it works and it's still here. it's one thing to write a paper, a whole other thing to put it into reality.
but maybe one day relatively soon there will be something that addresses the most pressing flaws. i wonder whether it arrives before 'good enough' has already won out. that day might be arriving relatively soon too.
|
|
|
|
BurtW
Legendary
Offline
Activity: 2646
Merit: 1137
All paid signature campaigns should be banned.
|
|
November 19, 2016, 11:44:31 PM |
|
What is your connection to this?
the "whitepaper" is 90% rant.. i gave up reading about all the flaws of other systems and then a sudden injection of what this "peerless" thing meant to do. i think its more of a brownpaper than a whitepaper. definitely needs a major re-write I also gave up reading through the brown paper. I may try again later.
|
Our family was terrorized by Homeland Security. Read all about it here: http://www.jmwagner.com/ and http://www.burtw.com/ Any donations to help us recover from the $300,000 in legal fees and forced donations to the Federal Asset Forfeiture slush fund are greatly appreciated!
|
|
|
MingLee
|
|
November 20, 2016, 12:14:09 AM |
|
I ran across a newly proposed cryptocurrency that promises to dispense with the blockchain and peer-to-peer network. It's called "Peerless" (very subtle). Have a look at http://www.peerless.money, though this URL forwards to an educational site (strange). But it's a monster white paper, and it promises digital cash that's completely secure, anonymous, and decentralized. Is this a serious competitor to Bitcoin? I wouldn't even worry about this. Sounds like someone is trying to dig up their own competitor to Bitcoin, mostly sponsored by some government agency, and yet fairs to understand what it is he's trying to say. This is personally going to be ignored by me, it seems like it's someone trying to make something without knowing what it is they're actually doing.
|
|
|
|
ffe
|
|
November 20, 2016, 03:18:44 AM |
|
"By encapsulating ownership, Peerless dispenses with all such third-party registries. This is a huge advantage to Peerless, anticipated to some degree by Bitcoin and the blockchain technology, but with the promise here of being carried to fruition. Peerless removes the need to rely on third parties because the individual can handle the task of reassigning ownership directly without their help."
You dispense with third party registries but you do not show how an individual is kept from double spending. Since things can be anonymous (good thing), there is no way to even know if a double spend occurred (very bad thing).
|
|
|
|
BurtW
Legendary
Offline
Activity: 2646
Merit: 1137
All paid signature campaigns should be banned.
|
|
November 20, 2016, 02:09:26 PM Last edit: November 20, 2016, 03:08:44 PM by BurtW |
|
I ran across a newly proposed cryptocurrency that promises to dispense with the blockchain and peer-to-peer network. It's called "Peerless" (very subtle). Have a look at http://www.peerless.money, though this URL forwards to an educational site (strange). But it's a monster white paper, and it promises digital cash that's completely secure, anonymous, and decentralized. Is this a serious competitor to Bitcoin? So far, I have found nothing of technical merit in this paper. Bill Dembski is obviously a sharp guy and knows a lot about a lot of things. The proposed system has a huge double-spend problem and relies heavily on trusted third parties.
|
Our family was terrorized by Homeland Security. Read all about it here: http://www.jmwagner.com/ and http://www.burtw.com/ Any donations to help us recover from the $300,000 in legal fees and forced donations to the Federal Asset Forfeiture slush fund are greatly appreciated!
|
|
|
alani123
Legendary
Offline
Activity: 2464
Merit: 1454
Leading Crypto Sports Betting & Casino Platform
|
|
November 20, 2016, 03:42:26 PM |
|
Do we know who this Bill Dembski is? It matters to know who this is all coming from because first of all, they let it be known that this is whitepaper is published on the website of a friend and secondly, where are the references? We don't know if the author has an understanding of either economics, programming or even cryptography and I don't see any notable references to external sources. I don't know if any idea at this level should be considered a competitor to bitcoin, which has went far beyond than just being a concept at this point.
|
..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
|
|
|
|
clickerz
|
|
November 20, 2016, 04:08:58 PM |
|
What is your connection to this?
the "whitepaper" is 90% rant.. i gave up reading about all the flaws of other systems and then a sudden injection of what this "peerless" thing meant to do. i think its more of a brownpaper than a whitepaper. definitely needs a major re-write Thanks for the feedback i would not read that whitepaper anymore. Though it has a good plan and intentions oh, all coins I think has the same good plans and intentions But still I think his is stil in planning stage, we will see to it that it is launching next year.
|
Open for Campaigns
|
|
|
Snorek
Legendary
Offline
Activity: 1400
Merit: 1001
|
|
November 20, 2016, 04:13:02 PM |
|
So they basically promising you everything you want to have but can't due to limitations of our current legal framework. Let's face it guys totally anonymous coins won't reach total adoption. There is a reason why Monero or Zcash are not topping the market charts. Their whitepaper is full of empty promises and offers near zero feasible solutions so far, but I wish this project grow some more, it is interesting.
|
|
|
|
|
stevekreizl (OP)
Newbie
Offline
Activity: 4
Merit: 1
|
|
November 20, 2016, 09:07:43 PM |
|
Double spending certain would be a problem, but I'm not sure I'm seeing it. In Dembski's scheme, A spends by giving B a private key and B invalidates A's cash, then C can try to use the private key likewise to invalidate but can't because B has already invalidated it -- it's a question of temporal priority -- having a universal clock the reliable timestamping is supposed to remove the double spending problem. It seems to work unless people double spend at exactly the same time.
My interest in this? I'm not a big fan of Bitcoin and am looking for something better.
|
|
|
|
European Central Bank
Legendary
Offline
Activity: 1288
Merit: 1087
|
|
November 20, 2016, 09:20:30 PM |
|
your problem is that there may well be better coins than bitcoin right now but no one's using them and maybe no one ever will. without users the finest coin ever made is irrelevant.
|
|
|
|
iamnotback
|
|
November 20, 2016, 09:23:22 PM |
|
having a universal clock the reliable timestamping is supposed to remove the double spending problem
Timestamping requires a bounded participation, bounded latency, and other forms of synchronization. The author doesn't understand Byzantine fault tolerance. I can claim any timestamp I want if it isn't recorded in a globally consistent ledger. Implicitly he is asking us to all depend on one universal timestamping server which signs all transactions in a total ordering. I analyzed that in 2014 and 2015 and realized that timestamping is not a solution. This timestamping myopia has also been discussed in the Longest Chain Rule thread in the Bitcoin Technical discussion forum: Utter nonsense. It is sad that they wrote a paper based on the premise that timestamps can be used to solve the double spend problem (they can't) and then never did any research as to why Bitcoin doesn't rely on timestamps. I mean it isn't a minor note, it is the core claim of the article.
|
|
|
|
alani123
Legendary
Offline
Activity: 2464
Merit: 1454
Leading Crypto Sports Betting & Casino Platform
|
|
November 20, 2016, 10:26:19 PM |
|
Opposition to evolution. Oh man, this guy's biography is funny. I wonder if anyone is going to want to work with such a person to help bring his brainchild to life. He seems to be a creationist, and involved in various controversies involving Christianity throughout his career.
|
..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
|
|
|
|