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Author Topic: Discussing a new consensus protocol  (Read 260 times)
semaforo
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October 19, 2017, 04:58:48 AM
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  I'm part of a team working on a blockchain based social investment platform. After much debate about what blockchain to build on, or whether to create a native blockchain, we may have stumbled on a solution.

    It involves a new consensus protocol based on NEM's PoI, but it would require deriving the values not purely from node behavior but from contract behavior embedded in meta data, perhaps op_return.

     Is anyone interested in discussing this, or can anyone point me towards qualified folks who can help to assess the viability of such a protocol?
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BillyBobZorton
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October 19, 2017, 03:18:25 PM
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 I'm part of a team working on a blockchain based social investment platform. After much debate about what blockchain to build on, or whether to create a native blockchain, we may have stumbled on a solution.

    It involves a new consensus protocol based on NEM's PoI, but it would require deriving the values not purely from node behavior but from contract behavior embedded in meta data, perhaps op_return.

     Is anyone interested in discussing this, or can anyone point me towards qualified folks who can help to assess the viability of such a protocol?

The best thing you can do is show some code. "Qualified folks" are too busy working on bitcoin, or on their own projects, to try to discuss something that isn't concrete. If you think you have something better than bitcoin, show us the code, and im sure that the smart people will tell you if you are right or not.

I understand you would not want to show code in order to avoid getting ripped off, but please understand that this is a double edged sword, since if there is no code to show, no one is going to care in a field where there is increasing competition and limited time, that's my opinion
semaforo
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October 19, 2017, 05:17:36 PM
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The best thing you can do is show some code. "Qualified folks" are too busy working on bitcoin, or on their own projects, to try to discuss something that isn't concrete. If you think you have something better than bitcoin, show us the code, and im sure that the smart people will tell you if you are right or not.

I understand you would not want to show code in order to avoid getting ripped off, but please understand that this is a double edged sword, since if there is no code to show, no one is going to care in a field where there is increasing competition and limited time, that's my opinion

 Thanks for the input. It's really that I worked out a reputation system, and realized that the value that it generates could also be used as a consensus protocol. There's quite a few challenges since it opens up many more angles by which the system could be rigged, but most of them are defensible- at least the ones I've found so far. It's purely theoretical so far though.
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