Do you think "iamnotback" really has the" Bitcoin killer"?

[iamnotback]

The Internet is a counter example. The mass media centralization was defeated by the Internet. Facebook and Google are next to be defeated (along with StackExchange! grrrr)

Note I edited the above to add the link to an interesting Martin Armstrong blog post. Trump's use of Twitter and even Wikileaks is possibly another example (except that I think that was orchestrated by Rothschilds, and you can google for the links to Julian Assange), yet in any case the public now bypasses the top-down control to get access to news (e.g. via websites such as The Drudge Report and decentralized blogs) despite the fact that a Google search on "Trump news" only brings up MSM links which carry the agenda of the left (who are in the back pocket of the banksters) such as the NY TImes, Washington Post, etc..

I've been looking at the coins coming out and doing ICOs and reading their papers and it's really obvious how many will take forever to ever work (hell, I argue ethereum still does't work like it was supposed to. They still haven't solved fundamental problems.)

...

If you are building what you say, then your time is better spent building it than talking to naysayers here.  IF you aren't building it, that's fine, share your ideas.

My most significant impediment at the moment is that I experience significant discombobulated cognition, which significantly interferes with my ability to write clearly, think clearly, and assimilate a lot of information (i.e. there is no way I can entirely digest my own whitepaper since I started the TB treatment). Although it might seem like from my posts that I am functioning at a high level, please believe me that I am no where near functioning at the level of cognition that I am accustomed to before I acquired this chronic illness.

So at the moment, I am trying to be productive (make steady progress on various work in my todo list) while waiting for my cognitive function to return to normal. And I am avoiding making any major decisions until then. To better understand this, I suggest you go get shitfaced drunk and then trust yourself to assimilate dozens of research papers, situational facts about the market, etc.. and make well thought out holistically reasoned decisions. It simply can't be done. Cognitive function is critical. So I limp along make progress on items in my todo in which snafus won't entirely destroy the project.

I understand this might sound like a sob story, delusional, or whatever. I don't think it is possible to explain in an appreciable manner, that I am currently handicapped, but that I am hoping for this ailment to be cleared out soon (and have some signs that it might be improving). I just don't think other humans can conceive what means to be handicapped by cognitive delirium. I doubt readers even realize that I am struggling to write coherently. I have to carefully re-read what I type, but I am so often typing words that maybe share two consonants with the word I intended (my brain is really in delirium). It is a continuous struggle, as if I was extremely drunk.

It is postulated that my chronic fatigue now is not predominantly due to the postulated disseminated TB in the digestive tract and organs (which had also caused liver disease) as it was before starting 4 drug antibiotic treatment 62 days ago. And thus postulated that the current symptoms are due to the liver toxic, neurotoxic, ocular toxic 4 antibiotics which are specific to TB treatment. But this can't be assured to be the case. We will only know by the result over time. As of tonight (30 minutes from now), I take my last dose of the 4 drug treatment and then I have 109 more days of a 2 drug treatment. The remaining drugs are also liver and neurotoxic (not ocular toxic) but hopefully a reduced level of toxicity, so perhaps my level of cognition will continue to improve.

My cognition has been sporadically improving over the past few weeks, but it is still the case that I feel so discombobulated for hours after take a meal in most cases. However, if I eat a lot of dark chocolate, then I become alert for some hours after I digest that fully, but the alertness is somewhat discontinuous in that it is like I awake from dream-like delirium for some hours (but I can't quite get all the thoughts lined up from prior days, weeks, and months within that block of time) and then later I lose the continuity as I slide back into the delirium. It is very discombobulating and so this can also explain my erratic posting styles. I really feel like a pinball in an arcade game or a clothes tumbling around in a washing machine. It is very frustrating and I really can't explain to you what this is like. Trust me if you have a very strong intellect, you don't want to end up in this condition. There is a likely reason Franz Kafka's writing was so bizarre, he died of TB.

So please allow me some time to get myself cured. With the reduced dosing starting tomorrow, I am aiming to try to start pushing myself in the gym again and hoping I can start to get my liver to really heal. But there is also the possibility that my symptoms will remain another 109 days. It is also depressingly possible that my health problems are more complicated and won't be resolved by the TB treatment. But I am optimistic.

I really don't want to have to explain this again. Everyone is tired of the thread being about a virtual doctor's clinic.

I was going to ignore your post for this reason, but I decided to explain. I appreciate your interest. But I am in no condition to make any decisions right now. I am trying to get some work done. I was reading this research paper:

https://arxiv.org/pdf/1607.01341.pdf

Btw, I am reasonably sure I already have the issues fully resolved and not in the state that you lament about other projects. And that confidence is why I don't need an ICO. I can go straight to launching the solution, but I really need my cognitive health. So I am just trying to bide my time while also being productive as I can be. I fight my health issue every day and try not to mention it every day.


It is my fault because I go posting around the forum marketing myself and my project, while also sharing my analysis of other projects and technologies. So then I create interest but I am not really fully prepared yet to go full speed. I should go put my head in the sand, which is what I want to do now. But also I am an extrovert and I want to communicate. It is what is. It is sort of erratic mess because of the delirium for the time being. But my technology work is not a mess. But that will be more cogently assured as this health matter clears up, move forward the way I know I am capable of when healthy.

Apologies for making this too much about me. I really hate that. I like surprising people with results, not all these fucking words. I really hate this. I hate the medical situation I am in, and I trying to fight my way out of it.

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[IadixDev]

Decentralized social media is your first target ? it's one of mine too, i have also a revenge to take on youtube and deezer

Do you have precise idea of the characteristics for decentralized social media ?


But the problem is always to have commercial grade content posted on it, it's same with blogs & social media & streaming, and 95% of the market is locked by majors and big editors.

[iamnotback]

I'm just not sure about your organisation, and how to get involved with your ideas, if you are looking for people to develop stuff

I am trying to get to that stage asap. Sorry I am slow for the reason I explained in my prior post. Also I can't think entirely clearly and comprehensively yet about optimal (organizational, etc) strategy for acceleration of progress.

But the problem is always to have commercial grade content posted on it, it's same with blogs & social media & streaming, and 95% of the market is locked by majors and big editors.

Even 80% of the market prefers to only goggle over Justin Bieber, there are significant markets that want more diversity. For example, Shawn Grunberger who created BandCamp was a guy that I encouraged back in 1995 to pursue his dream (when I was the programmer and he was working the customer support dept). He even thanked me and attributed me to raising his confidence and interacting with him as programmer willing to explain concepts, etc.. He is now a multi-millionaire and in 1995 I was earning $80K + $milllion in stock options (inflation adjust that!) when he was earning perhaps $30K + no stock options. I have helped inspire others to reach success and want to continue to do that again, but on a much larger scale.

We are headed into a fracturing of society where humans break away from a monolith and assert their differences.

The current order of the world is fracturing.

We were promised a Utopian, socialist dream and now people are starting to realize that you'd have to be asleep to believe it.

Btw, my 27 year old filipina gf was talking with her guidance counselor at the college today and they started talking about me and apparently he had "invested" in (unbeknownst to him a MLM scam named) OneCoin. There are a lot fools out there, but their interest is to find new things and new opportunities. Perhaps not all 100% of humans are stupid cows. I want you to think about why some random filipino instructor was aware of OneCoin. That will be an instructive for understanding that I know something about viral marketing.

The interest out there for many new opportunities is increasing...

The key is empowering the actors in the system to have an interactive medium with a motive. What differentiated the Internet from the TV, was that the consumer of the transmission would also transmit back and interact.

You have to engage your audience and stimulate them. Marketing concepts such as stickiness, etc...

I can't possibly find all those opportunities all by myself. That is why I need to empower the app developers. Although I do have a couple of good ideas for apps to jumpstart the process. And I did formerly create million user commercial apps myself in the past decades. I do understand GUI programming and all aspects of programming (except I am weak in networking and daemon server-side programming experience, but the concepts are not incomprehensible for me). I also understand marketing somewhat.

The problem with the ICO model is it motivates app developers who are only mining the speculators. My model motivates app developers who want to drive real user adoption. That is a very key distinction. Pay attention!

I am not proposing to cater to derelict or unprofessional developers and content providers. I am instead proposing that there is a wider diversity of qualified ones out there than are currently able to find a (or maximize their) market for themselves.

There is some good content for example on Medium, but Medium is still trying to figure out how to best monetize. Even Steem occasionally has decent content, but top notch content is more likely to be on Medium than on Steem, because Medium has more readers. I hate Medium's comment thread format and even the Medium editor sucks IMO. There is a lot of room to innovate.

[IadixDev]

I'm just not sure about your organisation, and how to get involved with your ideas, if you are looking for people to develop stuff

I am trying to get to that stage asap. Sorry I am slow for the reason I explained in my prior post. Also I can't think entirely clearly yet about optimal (organizational, etc) strategy for acceleration of progress.

No pb, I can totally understand this I know this kind of issue, and also I prefer to stay out of hot code and decision when im not 100% :)I need to kick myself in the but sometime again when I mess up code trying to advance when im not 100%   now it's clear I avoid to rush in long coding project and prefer to take time, think things out, and get into coding & décision when im confortable enough doing it, after i absorb as much of theory as possible, watch other project, and solidify the idea two week in hospital bed with a pneumonia was enough for me i can totally understand this

[IadixDev]

Even 80% of the market prefers to only goggle over Justin Bieber, there are significant markets that want more diversity. For example, Shawn Grunberger who created BandCamp was a guy that I encouraged back in 1995 to pursue his dream (when I was the programmer and he was working the customer support dept).

We are headed into a fracturing of society where humans break away from a monolith and assert their differences.

The current order of the world is fracturing.

We were promised a Utopian, socialist dream and now people are starting to realize that you'd have to be asleep to believe it.

Some years I was involved with developping a c++ streaming module based on ogg/ogm and independant distribution platform, was still involved with this in the beginning of last year with blockchain / html5 based things. But we saw very quickly it's very locked, artist and author have literally gun on their temple from their producer, and even signifiant part of them has been heavily brainwashed on hating p2p in the 2000

Can hope on independant artist or content creator, but they will rarely bring high commercial interest, and still large part will prefer to stick to traditional edition/promotion companies, even with the bad conditions, but they dont think any other way to make good revenu with content creation than being signed with universal or Sony.

We have somehow à plan with decentralized music streaming, and made quick prototype with multi chain, and home made ogg streamer in the node + html5 player and some thinking on this kind of system. But not sure it's 100% viable commercially and if enough artist who are not already chain signed to a big one would jump the step.

And explaining block chain to artists good luck already 2+2 they have an head ache

[likeatree]

Decentralized Social Media:
Quietly I've developed a decentralized "message board" application on top of Blockchain technology. It does not have the issues with centralization that PoW mining leads to. I have the basic concept implemented but it's not ready to be released publicly. Unlike imnotback, I will describe my specific approach .

The basic idea is this: Instead of a "Single Global Blockchain" where there is contention to get your information into the chain through mining, every user has their own chain. They hash their previous header/new data then sign it from their new header (like traditional blockchain). Here's the difference: instead of mining, the header includes "witness hashes" pointing to the most recent blocks from chains of their peers. The "witnesses" prove your data is more recent in topological time, as well as provide a vote to prevent a "double spend" attack in other chains. This structure forms a DAG which can be sorted in linear time.

In order to form "chain communities", people can subscribe to 1 or more "root" blocks. The software client looks for subsequent blocks which have cryptographic traceability to these roots. The person who created the root block may publish branching messages on their chain pointing to other peers chains. This will inform software clients that they may also follow these other peer chains of they so choose. The peers chains can issues branching as well. If one of these chains starts spamming too much information/branches the client has configurable rules to discontinue following these sub-peers. Each person for themselves can determine how much of the network they can handle store, etc.

The End Result: "chain communities" every single block/message is un-censorable and has full traceability back to the root (like in blockchain). My design has all the benefits of the chain, (integrity, non repudiation, byzantine fault tolerance, etc.) while being low-latency (< 1sec) by avoiding PoW mining. It should be resistant to Sybil attacks, spammers, double spends as far as I can tell. You could build crypto-currency applications, smart contracts on top of it if you so choose.

Let me know what you guys think.

[mindrust]

I don't know who the hell is "Bitcoin Killer" but the other dude sure mastered the art of walltexting. I read a couple messages of his and i agreed in general but walling and walling message after message i'm just tired of scrolling down, so i had no choice but ignore him.

He better takes his chances as a book author about the crypto currencies. He is wasting his talents here.  

[IadixDev]

Decentralized Social Media:
Quietly I've developed a decentralized "message board" application on top of Blockchain technology. It does not have the issues with centralization that PoW mining leads to. I have the basic concept implemented but It's not ready to be released publicly. Unlike imnotback though, I will describe my specific approach .

The basic idea is this: Instead of a "Single Global Blockchain" where there is contention to get your information into the chain through mining, every user has their own chain. They hash their previous header/new data then sign it from their new header (like  traditional blockchain). Here's the difference, instead of mining instead the header includes "witness hashes" pointing to the most recent blocks from chains of their peers. The "witnesses" prove your data is more recent in topological time, as well as provide a vote to prevent a "double spend" attack in other chains. This structure obviously forms a DAG which can be sorted in linear time.

In order to form "chain communities", people can subscribe to 1 or more "root" blocks. The software client looks subsequent blocks which have cryptographic traceability to these roots. The person who created the root block may publish branching messages on their chain pointing to other peers chains. This will inform software clients that they may also follow these other peer chains of they so choose. The peers chains can issues branching as well. If one of these chains starts spamming too much information/branches the client has configurable rules to discontinue following these sub-peers. Each person for themselves can determine how much of the network they can handle store, etc.

The End Result: "chain communities" every single block/message is un-censorable and has full traceability back to the root (like in blockchain). My design has all the benefits of the chain, (integrity, non repudiation, byzantine fault tolerance, etc.) while being low-latency (< 1sec) by avoiding PoW mining. It should be resistant to Sybil attacks, spammers, double spends as far as I can tell. You could build crypto-currency applications, smart contracts on top of it if you so choose.

Let me know what you guys think.

I would go more for single chain with block data filtering than having a chain / user from the moment the data is not transaction, and doesnt relate to previous state, the whole block validation process become meaning less, as well as most of double spending related issues. And it remove lot of the issue to incencitive block emitters.

From the moment it's content data, any block is valid. And the data can be skipped if the person dont need it and dont want to "host" it. There is not much rule to validate content data itself, if it doesnt contain transaction.



I will probably give a try at detailing the way i want to do it, but it also rely on whole system of type class like system and module/component/interface between app & blockchain.

Multichain have implementation of storing structured data with signature & timestamping, but I think my system is potentially better.

[likeatree]

from the moment the data is not transaction, and doesnt relate to previous state, the whole block validation process become meaning less, as well as most of double spending related issues. And it remove lot of the issue to incencitive block emitters.

Absolutely agreed on this point, though I think if we really abstract away the application from the content data, we have no way of knowing the transaction is valid or not. If I'm not running BitUber, how would my client determine if the BitUber transactions are valid.

Also in my opinion, you are fundamentally responsible for being your own block emitter. If you want to spend a cryptocurrency you obtained, and your blocks have not propagated enough you may need to provide the store with a large packet containing all the blocks/chains necessary to fully trace the inputs to your transaction for validation.

Nothing is stopping someone from someone having many chains, one for crypto-currency (keep it small) and another for content (Large!).

Thank you for your input. I look forward to hearing your design.

[groovy1962]

I understand to some extent the struggle to be coherent in the face of a lack of cognitive function-- for me, I am often sleep deprived.

I've been working in distributed systems a long time, and on an alt coin myself.  So I'm speaking from first hand experience here.

https://arxiv.org/pdf/1607.01341.pdf

I read the first dozen or so pages of that paper.  It is incoherent and unstructured and appears to be written by amateurs. It's really easy to come up with features and ideas and see "problems" with bitcoin-- and in their case they don't seem to understand why bitcoin is the way it is in the first place.

Distributed systems are genuinely hard.  What Satoshi did was genuinely new and that's why it has had such an impact.

People seem to think that it is easy because he made it look easy.  It isn't.  And there is also a huge difference between coming up with a bunch of ideas -- like that paper has-- and actually producing a secure, scalable, reliable distributed system.

Put another way, every feature means more work and more risk-- every feature reduces security, scalability, reliability and coherence in the distributed system.

And that's still at the theoretical level.  Actually putting things into production is another matter. When you're writing code you have inadvertent bugs to contend with as well.

Cloning bitcoin and making a few small key changes is a reasonable approach-- because a lot of work went into bitcoin.

One single great idea, or innovation on Bitcoin is enough to make a dent.  IF you have a way to avoid the "no power to mine for months at a time" problem, that alone would be worth implementing.

All the other ideas can be done later, on other alts, or whatever.

I think that's what I'm trying to say.  Aim low, and achieve it, before aiming high.  It's harder than it looks.  ;-)

And I wish you the best-- please don't take any of this as negative.  

If you are writing something new, however, from scratch, with several key changes it will take you a long time.  As an individual developer, at least 3-4 years.

[thejaytiesto]

I woke up with bitcoin going to $1100+ again and altcoins crashing, including ETH. Looks like you diversified at the wrong time. Maybe doing nothing and seeing the storm pass is the actual good choice?

It's delusional to think BUcoin can win, the market will eventually choose the better devs, as a bunch of mining goons can easily be replaced, not so easy to replace worldclass coders in the field.
I don't believe BUcoin has realistic chances to win. Like it or not, Core are the better devs and im not gambling my money in BUcoin. I believe this will be the final sentiment if the moment to choose between the two tokens arise. This may be a good time to increase BTC holdings by dumping BUcoin.

I still may buy some alt (most likely ETH if it goes lower, maybe XMR and ZEC depending on how the graph looks like) since the process will most likely result on loss of value for both tokens, but I believe it is a serious possibility that this is all a bluff by Jihan and Roger. Roger claims he will dump all of his coins to buy BUcoin. I don't believe that for a second.

[IadixDev]

.

All the other ideas can be done later, on other alts, or whatever.

I think that's what I'm trying to say.  Aim low, and achieve it, before aiming high.  It's harder than it looks.  ;-)

And I wish you the best-- please don't take any of this as negative.  

If you are writing something new, however, from scratch, with several key changes it will take you a long time.  As an individual developer, at least 3-4 years.

Well personally, I looked into bitcore code, and it's far from being ideal to me. For plenty of reason, it's monolithic, not necessarily extremely well architectured, heavy memory foot print etc.

I already have 80% of working block chain client with my framework, in 100% C with zero deps & using 30mo of ram.

The good thing about bitcoin client is it's very well tested , mature etc, but still not that easy to quickly add new feature or encapsulate into a bigger application.

And im perfectly in tune with iamnotback on the need of programming paradigm switch, and im already on this for 2/3 years

So going back into multithread boost c++ like bitcore with the super high coupling everywhere, with all hard coded config, I would rather not

[iamnotback]

The problem with the ICO model is it motivates app developers who are only mining the speculators. My model motivates app developers who want to drive real user adoption. That is a very key distinction. Pay attention!

Re: edgeless.iO Crowdsale

Why can't US people get into this?   It says US people are not allowed for crowdfunding

Due to US law which are not fit for this business that is the reason mostly online casino not offering their services for some countries.

This inability to offer ICOs to non-qualified USA persons (i.e. those identified to be sophisticated and have at least a $million networth) due to requirements of USA investment securities law, is I think maybe going to be another reason that my OpenShare project's method of funding apps without ICOs, is going to be very popular.

Even Iconomi's ICO was not offered in the USA. Click here to read Iconomi's explanation.

I doubt you appreciate the significance of what I wrote. So let's explain it in an economic model context:

One obvious reason had to do with the financing of the commercial application of new technology. The French banking system, dominated by rentiers and the landed aristocracy, seemed to specialize in protecting savers, in part by mobilizing capital and investing in gold or in government obligations. The English banking system did this too, but it also seemed much more willing to finance infrastructure and manufacturing capacity.

In fact, more generally I have argued that the main reason industrial revolutions have occurred largely in England and the United States is because industrial revolutions are not driven by scientific developments but rather by the commercial application of scientific developments. For this to happen, it seems that a robust financing system is key. England, and later the United States, benefitted from a financial system that seemed to do better than others in financing new infrastructure and technological ventures.

A well-functioning financial system, one that allocates capital to new ventures, in other words, may have been the key difference between England and France at the end of the eighteenth century, and for this some historians blame the brilliant but erratic John Law and his Mississippi Bubble.

Facebook and Google are collecting rents! And standing in the way.

ICOs to lunch money, n00bs mostly just encourage more waste of unprofessional speculation.

There were three key elements of the American System. Historian Michael Lind, in one of his economic histories of the United States, described them as:

• infant industry tariffs,
• internal improvements, and
• a sound system of national finance

So let's correlate those to what we need to do for app and content providers:

• a moat of paradigm uniqueness that can't be duplicated by the behemoths Facebook, Google, etc
• advancing our technologies, e.g. my improvement on blockchains and programming language model
• viable non-ICO funding model for 1000s of app devs and content providers

Michael Pettis needs to understand that the mode of finance may be changing, as well we are shifting from fungible fixed capital intensive Industrial Age to a non-fungible knowledge capital intensive Knowledge Age. Make sure you've read my Rise Of Knowledge, Demise of Finance essay! Loans don't work as a funding model in the non-fungible class of commercialization!

My thesis is China swallowed the end of the Industrial Age, which retarded its progress somewhat. China needs to shift, which is another reason they damn well better not regulate cryptocurrencies.

I woke up with bitcoin going to $1100+ again and altcoins crashing, including ETH. Looks like you diversified at the wrong time. Maybe doing nothing and seeing the storm pass is the actual good choice?

Diversification is done to lessen gains and also lessen risks of loss. BTC is up 5% and ETH is down 7% (hardly a "crash"), so it worked exactly as planned thus far. I still have some BTC. I still expect ETH to outperform. I'm not a day trader. One day of volatility doesn't matter to me. Even if ETH declines back to $28 - $31, I can't conclude that I will lose in the end. Below that range, I would consider I made a huge mistake.

I also predicted BTC to rise, and called the bottom exactly at $990s in real-time. So once again, my record speaks for itself. I diversified just in case of an outside chance of that BU does something crazy (such as 51% attack BTC).

You are batting for speculative gains between coins (whereas I am just trying to stay level with the average rise of the crypto ecosystem in general) and you are watching your speculations daily like a hawk. I have no time for that sort of activity with my tokens.

[IadixDev]

Thank you for your input. I look forward to hearing your design.

I will get into wall of text mode to give a better picture lol

The thing is originally my background is i got into programming browser component in the start of the 2000, with components based on ATL and NPAPI/XPCOM, with code that had to be portable over two browser interface, which include also the events related to the system windowing, the component model XPCOM/COM with their own interface definition language, and the system to link the IDL interface to javascript binding.

Also related to the idea there is direct show, and it's when i started to understand how microsoft were totally genius with this system, because it allow people to develop new codec and filters, to be integrated into standard filtergraph and being used in any application. Result, microsoft they just do the skeleton for plugin system, and all application based on it can use all the codec and filters programmed for it.

And same goes with activeX style programing, to extend browser functionality.

The catch ? Well it needs completely hardcore type definition to fit with COM, IDL, dll, registry based, with the whole interface to define and instantiate those complex object.

I got my brain totaly smoking on this one for a few year in the 2000's, with this whole mess of defining complex component to be instantiate by blind application, with massive surtyping and all this.

But the real trigger is when i started to program with AS3, flex builder, and android sdk, i started to really see all this component based pattern everywhere, based on XML data definition like flex with eclipse, WSDL kind of programming with flex, it completely made the trigger to me.

I post this to explain the background, and it fit with the github discussion of iamnotback on it, it's completly the problematics my brain have been crunching in the past years, and it's completely in the center of the problematic with distributed application where some component or module can be run on top of the block chain by node that are blind to it's data type.

From there , there is two main path to get to real distributed application, there is the way how i explained a bit before, with some block being marked as being pure data block, replacing the merklle root by the hash of the data, and a system to mark those block like why not with a path system '/application/myapp/mydata' in the block data, and then some option to tell the client which path he want to download, and the other he just need to keep the block header to keep the chain coherent.

After for the data itself, the thing i have in mind and turning around for a while, is to have those block also being able to contain structured data, that are related to module, why not with some kind of OLE like thing based on data type and component implementing interface to deal with them, and then you could have something like a coinbase like input to mark the type of the data, and eventually the parent block for hierarchized data, and then the members of the object as outputs of the transaction.

Like this it would allow to define tree graph like thing on the block chain, with data hierarchy, and runtime defined object, that can be loaded in json like runtime type based on the transaction.

Each member of the object can be changed with a transaction based on the output that define this member.

And then having components module loaded by the node to implement the interface either via rpc or direct http request outputing html5 data, or xml/xslt.

The general idea is this, but there are maybe still caveat, but i'm polishing the plan in my mind

Add to this a little pinch of darpa browser experience science, and it's effectively the eth killer

[mining1]

This btc value raise doesn't mean anything, the outcome is still as uncertain as it was when it was below 1000$. It might be a mini pump to make people believe ( especially some btc holders ) things are okay now.
Also this confirms what i told @iamnotback ( about a potential pump & dump war between BU and core after split, etc eth style ), roger ver said he would dump coins on core chain. Obviously after that he will try to pump it in a flippening attempt, something similar to what chandler and shilbert tried with ETC.
https://www.reddit.com/r/Bitcoin/comments/60n50d/roger_ver_confirms_in_case_of_a_split_i_will_sell/

[Spoetnik]

Topic title / Question ?
Answer = NO.

We know this because he has not made it yet.
Although he was quoted saying it would be released in early 2017.

I don't think many of you have seen half his topics by his army of accounts here.
Many of them in the political section..
I think he's fucking nuts.

He favors a lot of conspiracy type theories but does not see them as such.
Take Bitcoin for example, he claims it was made buy a shadowy govt NWO styled group with an agenda.
Which is a key reason why he claims to be making the "Bitcoin Killer"
To over throw these evil dictators destroying us etc.
..using an ICO i predicted he planned on making all along in secret. 

Oh and Boost in BTC core ? really ? yeah that is pretty gay hahahha  

[alkan]

Yes you missed it. I have already explained the math for why there is no relationship between an average orphan rate and a cost per byte (which is a necessary prerequisite for a supply curve as explained by @Peter R's paper). In other words, if we model that every miner has the same orphan rate, then there is no level of block size which is more or less favorable to the miner, because difficulty adjusts to the same level for all the miners. In other words, the wasted hashrate of the orphan rate is paid for by income from the block because all miners have the same costs (@Peter R's model inherently presumes that hashrate and propagation delay are uniformly distributed).

It is only when we model relativistic orphan rate (which @Peter R's paper doesn't even consider) that we will see any relative profit levels and able to model orphan rate as a cost. @Peter R should have realized this, but he apparently didn't quite realize that his model was meaningless although he did mention some of these issues that perplexed him in his concluding remarks.

I think, that I now understand the issue. Let me put it into my own words and see if we are on the same page...

In equation (3) the miner’s expected revenue gets discounted by the chance that his block is orphaned (1 - p_orphan). That is, the rewards are only counted for the blocks that make it into the blockchain. So, if a miner for example produces 10 blocks per day with an orphan rate of 0.2, he will get the rewarded for a total of 8 blocks.

However, this perspective turns out as incorrect as block production rate will ultimately depend on the block difficulty which is automatically adjusted according to orphan rate and hash rate of all the miners.

What actually matters for a miner's block production is thus not how many of his (produced) blocks make it into the chain, but how many of the blocks in the chain are produced by him (production share). This is not the same thing! The mining rewards (fees+block rewards) must be multiplied by the miner's production share since the total block production (per time unit) remains constant due to automatic difficulty adjustement.

Let's make a simple example with only 3 miners A, B and C who all have the same hash power 1/3 and the same orphan rate 0.01. The miners don't engage in any form of selfish mining strategies. It's easy to see that under these conditions every miner will build 1/3 of the blocks in the chain, as everybody has the exact same chances.

Now, let's assume that A starts building bigger blocks so that his orphan rate increases to 0.2, while B und C retain their orphan rates of 0.01. To determine the fraction of the blocks (in the chain) built by the respective miners, we can calculate:

A: (0.8*1/3) / (0.8*1/3 + 0.99*1/3 + 0.99*1/3) = 0.288
B and C: (0.99*1/3) / (0.8*1/3 + 0.99*1/3 + 0.99*1/3) = 0.356

And we see that B and C can now build more blocks of the chain than their relative hash rates.
According Peter R's equation (3), their success rate would be 0.99*1/3= 0.33, which is incorrect.

Mining is a relativistic game!

[iamnotback]

@alkan I think you explained it well in another way.

the belief “that so-called ‘intellectual property’ rights are illegitimate because they grant state-enforced monopolies that would neither arise nor be defensible as natural property rights in a free market.”

Afaik, many or most of the indie producers understand it is counter productive to enforce IP law on your supporters (since the entire point is build popularity and not destroy your PR). The threat of IP law comes from rent seeking middle men who abuse both the producers and the consumers. Direct purchases from indie artists are ostensibly in actuality a gift culture with the benefits to the giver of receiving in return a token of pride in the reputation, such as a customized Tshirt with the indie's imagery. I noted Eric is featuring the names of his top donors in the credits section of his works.

that our society is at risk of collapse / descent into dystopia on a one-to-two decade timescale as long as using IP law to prop up sale-by-the-copy remains the primary means of monetizing information production

IMO, you're erecting a strawman by fighting dinosaurs who are on their deathbed, along with downstream dependents of the rent seekers in (afaik particularly entrenched in American) society.

Apparently it is the capitalistic funding model which is the difference between commercialization of an economic revolution and the failure of for example France to win the industrial revolution. I'm looking into changing the world by decentralizing funding models with a blockchain. They key insight of my Rise of Knowledge, Demise of Finance is that non-fungible production in the Internet era isn't amenable to aggregated finance (e.g. loans), Theory of the Firm substitutability, nor rent seeking distribution funnels. All centralized databases much die. Thus, Github must die. StackExchange must die. Facebook must die. Google Playstore must die. Etc..

[iamnotback]

Distributed systems are genuinely hard.  What Satoshi did was genuinely new and that's why it has had such an impact.

I believe what I want to do is genuinely new, as new as PoS was to PoW.

People seem to think that it is easy because he made it look easy.  It isn't.  And there is also a huge difference between coming up with a bunch of ideas -- like that paper has-- and actually producing a secure, scalable, reliable distributed system.

Put another way, every feature means more work and more risk-- every feature reduces security, scalability, reliability and coherence in the distributed system.

One of key fundamentals is that any requirements for synchrony make it very complicated to realize a robust design.

So actually the care put into the design can make a huge difference in how difficult it is to implement it in reality.

And that's still at the theoretical level.  Actually putting things into production is another matter. When you're writing code you have inadvertent bugs to contend with as well.

K.I.S.S.

I am one of top fixers of bugs historically when I worked for others.

Bugs finding and fixing do slow everything down. And blockchains must not have irrevocable errors. I agree it is a major challenge.

DPoS was able to simplify matters significantly by making the witness set permissioned (instead of unbounded as is the case for PoW miners).

Cloning bitcoin and making a few small key changes is a reasonable approach-- because a lot of work went into bitcoin.

I've never looked at the Bitcoin code and I never intend to (well heck I might look, in fact I just did for example glance at merkle.cpp).

I'd lose more time messing with that fragile C++ codebase, than I would writing from scratch. Perhaps there are some aspects I could extract from the code base, if I find it helps. But as for working from the code base as whole and trying to modify it, no chance I will follow that strategy.

All the other ideas can be done later, on other alts, or whatever.

I do agree with getting the most rudimentary functionality working before trying to add more features.

I think that's what I'm trying to say.  Aim low, and achieve it, before aiming high.  It's harder than it looks.  ;-)

Yes of course. Don't bite off more than you can chew.

If you are writing something new, however, from scratch, with several key changes it will take you a long time.  As an individual developer, at least 3-4 years.

Not just a few changes. No code has yet been borrowed from any other altcoin project, other than perhaps cryptographic and networking libraries. We'll see going forward though...

3  - 4 years? Yes if you are trying to write bitcoin-qt node. But I'll find a way to cut corners so that only rudimentary capabilities are achieved quickly and incremental improvements can be added ongoing.

[iamnotback]

Even 80% of the market prefers to only goggle over Justin Bieber, there are significant markets that want more diversity. For example, Shawn Grunberger who created BandCamp was a guy that I encouraged back in 1995 to pursue his dream (when I was the programmer and he was working the customer support dept).

We are headed into a fracturing of society where humans break away from a monolith and assert their differences.

The current order of the world is fracturing.

We were promised a Utopian, socialist dream and now people are starting to realize that you'd have to be asleep to believe it.

Some years I was involved with developping a c++ streaming module based on ogg/ogm and independant distribution platform, was still involved with this in the beginning of last year with blockchain / html5 based things. But we saw very quickly it's very locked, artist and author have literally gun on their temple from their producer, and even signifiant part of them has been heavily brainwashed on hating p2p in the 2000

Can hope on independant artist or content creator, but they will rarely bring high commercial interest, and still large part will prefer to stick to traditional edition/promotion companies, even with the bad conditions, but they dont think any other way to make good revenu with content creation than being signed with universal or Sony.

We have somehow à plan with decentralized music streaming, and made quick prototype with multi chain, and home made ogg streamer in the node + html5 player and some thinking on this kind of system. But not sure it's 100% viable commercially and if enough artist who are not already chain signed to a big one would jump the step.

And explaining block chain to artists good luck already 2+2 they have an head ache

Excellent, so you've completed a lot of the work I was going to need to do if I prioritized a music content app or feature. We should talk about this in the near future.

Did you see the debate I had with @Gmaxwell about ogg streaming index?

Yes we definitely have a problem with the musicians being beholden to the rent seekers and that musicians can barely earn anything. I have a new idea which I think might work, but I am wary if music content should be the first priority. I am happy to know someone has some experience in this area. We should definitely talk about this soon.

You make a good point about them not appreciating the technology. And always the hen-and-egg problem on economies-of-scale. I think even less users can make music, as compared to for example blogging or sharing content. So music content relies on attracting the artists, and as you say they are significantly a captive audience of the rent seekers. So that might be one of the most difficult sectors to disrupt. I originally wanted to go after that market and as I said, I have a unique idea, but I am thinking lately and reinforced by your feedback, that it is not the lowest hanging fruit for us.