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Author Topic: DagCoin: a cryptocurrency without blocks  (Read 64464 times)
d5000
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July 06, 2017, 02:08:22 PM
 #261

IOTA runs a decentralized system where every user decides himself when to switch to the uncoordinated mode.

I just finished reading Eric Wall's article and the comments from some of the Iota team members on it. It seems that the "switch to uncoordinated mode" is, at this moment, a theoretical concept and requires programming skills (or an alternative client?). So I understand that the standard client software still enforces the confirmation of transactions by the Coordinator.

By the way, the aggressive tone David Sønstebø shows in his comments are not really convincing. If confronted with criticism the first reaction is an accusation of "lies" and "FUD", then very probably something is wrong with the project. I have sympathies for Iota, but if Iota's communication strategy continues this way that will end.

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Come-from-Beyond
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July 06, 2017, 02:16:31 PM
 #262

I just finished reading Eric Wall's article and the comments from some of the Iota team members on it. It seems that the "switch to uncoordinated mode" is, at this moment, a theoretical concept and requires programming skills (or an alternative client?). So I understand that the standard client software still enforces the confirmation of transactions by the Coordinator.

By the way, the aggressive tone David Sønstebø shows in his comments are not really convincing. If confronted with criticism the first reaction is an accusation of "lies" and "FUD", then very probably something is wrong with the project. I have sympathies for Iota, but if Iota's communication strategy continues this way that will end.

Requirement of having a modification can't invalidate the claim of being decentralized. The protocol is decentralized, the implementation is being improved every day, right now the team focused on more important things. Purists can fund development of their own version or wait for someone else to provide it.

Aggressive tone can be shocking to some people living together with their parents. Get used to living without being babysitted.
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July 06, 2017, 02:35:19 PM
 #263

Requirement of having a modification can't invalidate the claim of being decentralized. The protocol is decentralized, the implementation is being improved every day, right now the team focused on more important things. Purists can fund development of their own version or wait for someone else to provide it.

OK. I'll accept your stance for now and will periodically look at Iota's evolution and the Coordinator issue. (For me, the Coordinator is an important issue. Call me a purist, but I wouldn't be interested in Iota if it was only a second Ripple.).

Quote
Aggressive tone can be shocking to some people living together with their parents. Get used to living without being babysitted.

In German, there's a nice saying "Getroffene Hunde bellen" ("hitten dogs bark"). Aggressive tone like David's comments may convince underaged shills/fanboys but not people that want to know more about the issues.

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Come-from-Beyond
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July 06, 2017, 02:57:00 PM
 #264

but I wouldn't be interested in Iota if it was only a second Ripple.

There are 8 billion people on the planet, guess how many of them care about your or my interest.
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July 07, 2017, 02:21:32 PM
 #265

100% premine MLM bullshit byteball fork.
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July 08, 2017, 12:07:20 PM
 #266

right now the team focused on more important things.
Iota is centralized. Coordinator will stay. Since the team is focusing on more important things than decentralization.

There, easier for anyone to understand what youre hiding.
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July 08, 2017, 01:38:46 PM
 #267

Iota is centralized. Coordinator will stay. Since the team is focusing on more important things than decentralization.

There, easier for anyone to understand what youre hiding.

It's enough to check your post history to see how much your words are worth.  Cheesy
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July 12, 2017, 04:53:17 AM
 #268

I'm following this thread with a lot of interest, started Segio Demian Lerner, with his brilliant "DAG theory",
then came Come-from-Beyond, and brought us a case study of the "DAG theory" is IOTA,
but the IOTA network is centralized, I say something like: P2? . They have a great development team however they still can not implement that the network works in a decentralized way.
In the two case studies named Byteball and IOTA the same thing happens.
I'm starting to wonder if it's possible to build a decentralized P2P system with DAG.
At this point, I would like nothing more than the opinion of who started this thread.
Sergio please: in theory can this system function as a pure and decentralized P2P network?
If yes, then the question follows, and in practice?

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July 12, 2017, 03:08:34 PM
 #269

did this ever launch? i dont see it on CMC.

i know OP is working on RSK, so that's already a full-time thing.
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July 12, 2017, 08:56:06 PM
 #270

I'm following this thread with a lot of interest, started Segio Demian Lerner, with his brilliant "DAG theory",

I'm starting to wonder if it's possible to build a decentralized P2P system with DAG.
At this point, I would like nothing more than the opinion of who started this thread.
Sergio please: in theory can this system function as a pure and decentralized P2P network?
If yes, then the question follows, and in practice?
No, you can not have a DAG-coin be fully decentralized and trust-less like Bitcoin.

DAG-coins can be decentralized, distributed, but not trust-less.

Byteball version is to trust majority of 12 (or any forks/clones suitable chosen number) witnesses to not collude together, but is decentralized, distributed. The trust required is spread over many.

IOTA version, aside from many many other major problems, read my post history, is to trust a single Coordinator and require social connections/trust for node peering, it is centralized, and not trust-less.

Well chosen name for Coordinator in iota. "a person whose job is to organize events or activities and to negotiate with others in order to ensure they work together effectively."
d5000
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July 13, 2017, 12:03:29 AM
 #271

At this point, I would like nothing more than the opinion of who started this thread.
Sergio please: in theory can this system function as a pure and decentralized P2P network?
If yes, then the question follows, and in practice?

Sergio Demian Lerner has written his last post in 2016 in this forum (he seems to have logged in in May, however). It's unlikely he'll see this post. It's a pity, but I cannot blame him - look at the last pages of this thread, there were more posts promoting some DAG-based altcoins than those dealing with the original subject of the thread.

At this time, Sergio is pretty busy with Rootstock (see the project homepage).

PS: There is some research on DAGs outside of the Iota and Byteball communities. Some even think DAG elements could be integrated into Bitcoin in the future.

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July 13, 2017, 03:30:27 AM
 #272

At this point, I would like nothing more than the opinion of who started this thread.
Sergio please: in theory can this system function as a pure and decentralized P2P network?
If yes, then the question follows, and in practice?

Sergio Demian Lerner has written his last post in 2016 in this forum (he seems to have logged in in May, however). It's unlikely he'll see this post. It's a pity, but I cannot blame him - look at the last pages of this thread, there were more posts promoting some DAG-based altcoins than those dealing with the original subject of the thread.

At this time, Sergio is pretty busy with Rootstock (see the project homepage).

PS: There is some research on DAGs outside of the Iota and Byteball communities. Some even think DAG elements could be integrated into Bitcoin in the future.

Thank you very much d5000, you gave me top quality information

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July 13, 2017, 05:25:04 PM
 #273

I was told this dagcoin is something like a side branch of byteball so it would utilise the byteball tangle.

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July 14, 2017, 09:24:06 AM
 #274

Is the project open source? I'd love to take a look at it and maybe contribute myself. Github link plz Cheesy
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July 14, 2017, 09:40:45 AM
 #275

DAG-coins can be decentralized, distributed, but not trust-less.

None of the existing implementations can be. I proposed a solution here: https://bitcointalk.org/index.php?topic=1992827.0

I was previously 'monsterer' before account hack
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July 14, 2017, 10:44:24 AM
 #276

At this point, I would like nothing more than the opinion of who started this thread.
Sergio please: in theory can this system function as a pure and decentralized P2P network?
If yes, then the question follows, and in practice?

Sergio Demian Lerner has written his last post in 2016 in this forum (he seems to have logged in in May, however). It's unlikely he'll see this post. It's a pity, but I cannot blame him - look at the last pages of this thread, there were more posts promoting some DAG-based altcoins than those dealing with the original subject of the thread.

At this time, Sergio is pretty busy with Rootstock (see the project homepage).

PS: There is some research on DAGs outside of the Iota and Byteball communities. Some even think DAG elements could be integrated into Bitcoin in the future.

Can you tell what Sergio's post exactly do you mean?
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July 16, 2017, 05:34:47 AM
 #277

Wasnt this design basically copied from git model and applied to cryptocurrency. Wouldn't *some* of the practical sybil and bft attacks possible on that be by extension plausible on acyclic graphs aswell?

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July 17, 2017, 09:15:08 AM
 #278

Is the project open source? I'd love to take a look at it and maybe contribute myself. Github link plz Cheesy

It takes few minutes to scroll down the posts to find what you need.

https://github.com/DagcoinOY/dagcoin

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July 18, 2017, 10:02:58 PM
 #279

https://www.youtube.com/watch?v=cIasr2AiyZ0
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July 21, 2017, 04:35:12 PM
 #280

Omg seems like a great idea Shocked

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