[PRE-ANN] Paper - DAG Real World Asset Exchange

[willstarkro]

Ummm?

I'd be happy to explain any questions you may have.

What's the thing about ownership of a phyiscal asset?

That's where the value of the DAG Ledger comes from. Each physical asset you hold in real life will be given it's own ledger (similar to how RaiBlocks ledger system works), which will store that asset's Unique Identifying Key, along with other data points hashed out in the creation of the item.

So, say you buy a car from BMW.
BMW will have a ledger created at the formation of the car, which will list the true owner of the vehicle (BMW). Once the chain confirms your transaction (using Paper tokens), there will be a new block created under the car's ledger showing the transfer of ownership.

How can you make linking physical assets to a ledger decentralized and trustless?

Think of the ledger as an immutable data storage container, which shows each real world asset through it's life cycle. This asset will have it's own chain, where you as the owner of the item can record any information you so choose on the item, as well as initiate the transfer of ownership to any other account you so choose.

The main node will simply have every single asset public key - paired with the owner's public key. This greatly reduces data issues as anybody that hosts the full node would only need to store those blocks. The only updates that affect a full node are the changes in ownership of assets.

What I'm currently working on building is the master node, this is what will be built on a DAG Protocol

[Verethraghna]

without the white paper I still think this paper has something to do with the 'scam' DAG stone thread

[willstarkro]

without the white paper I still think this paper has something to do with the 'scam' DAG stone thread

I never understood that. How would a whitepaper really prove that it's not a scam. It would take far less knowledge and time to write a paper than to actually develop the code.

I'd rather prove this with code than a theoretical paper.

[Maziin]

Hi dev, you already decided how will be the distribution? Faucets?

[harbinger-alpha]

without the white paper I still think this paper has something to do with the 'scam' DAG stone thread

What happened to Stone? Is that thread still up? Was it definitely a scam?

[boomchocolatta]

Cool idea, hope you get it off the ground! Will be glad to help (non-tech) when you need it.

[willstarkro]

Cool idea, hope you get it off the ground! Will be glad to help (non-tech) when you need it.

What is name PAPER for?

Because before this ledger, in order for an asset to be under your possession (like a house), you needed an official paper document saying so  

You have my vote of support! Happy to help (non-tech) if/when the time comes.

D

You 2 have very similar replies lol. Thank you for the support though

[Dizzzzle]

Cool idea, hope you get it off the ground! Will be glad to help (non-tech) when you need it.

What is name PAPER for?

Because before this ledger, in order for an asset to be under your possession (like a house), you needed an official paper document saying so  

You have my vote of support! Happy to help (non-tech) if/when the time comes.

D

You 2 have very similar replies lol. Thank you for the support though

wow bizarre.  I can assure you I am not Boomhocolatta haha.   

I too was watching the Stone thread very closely. Felix, if he is *not* a scammer, is doing a pretty decent job convincing everyone he is.

willstarkro I have more faith in you simply due to your willingness to engage and participate in the thread. Stick with your gut and continue working to show something of value, no need to supply a white paper at this stage

[willstarkro]

Hi dev, you already decided how will be the distribution? Faucets?

I haven't really put any thought into how it will be distributed.

I'm open to suggestions, but it's not my main focus right now.

[willstarkro]

Cool idea, hope you get it off the ground! Will be glad to help (non-tech) when you need it.

What is name PAPER for?

Because before this ledger, in order for an asset to be under your possession (like a house), you needed an official paper document saying so  

You have my vote of support! Happy to help (non-tech) if/when the time comes.

D

You 2 have very similar replies lol. Thank you for the support though

wow bizarre.  I can assure you I am not Boomhocolatta haha.   

I too was watching the Stone thread very closely. Felix, if he is *not* a scammer, is doing a pretty decent job convincing everyone he is.

willstarkro I have more faith in you simply due to your willingness to engage and participate in the thread. Stick with your gut and continue working to show something of value, no need to supply a white paper at this stage

That's really unfortunate to hear about the other project.

And thanks, I plan on doing just that.

Hi dev, you already decided how will be the distribution? Faucets?

I haven't really put any thought into how it will be distributed.

I'm open to suggestions, but it's not my main focus right now.

[cryptonx]

have a plan to do an ICO in the future ?
as i read in the OP you are focusing on the code to ensure that this project is feasible for now,
DAG will be a new trend after blockchain

[teoteoteo]

I will trust in this project only if you:

-make it 100% open source
-no ico, no premine, no dev fee
-100% asic resistant
-no hidden fees and taxes

..and all transparent up to your underwear.

[Alphapulsared]

without the white paper I still think this paper has something to do with the 'scam' DAG stone thread

What happened to Stone? Is that thread still up? Was it definitely a scam?

Looks like it. He/She had a website earlier, but now it is taken down.

[Dizzzzle]

Not really a suggestion but more of a thought - People flipped out with Stone because of it's privacy features. It looks like the market is really interested in a DAG based Privacy coin.

Have you given any thought to adding privacy features to Paper?

D

[willstarkro]

have a plan to do an ICO in the future ?
as i read in the OP you are focusing on the code to ensure that this project is feasible for now,
DAG will be a new trend after blockchain

So far, no plan to do ICO - not to say that I'll never do it, but that it's not a priority.

I agree, DAG is the next wave of crypto

[willstarkro]

Not really a suggestion but more of a thought - People flipped out with Stone because of it's privacy features. It looks like the market is really interested in a DAG based Privacy coin.

Have you given any thought to adding privacy features to Paper?

D

Yeah, I mentioned that I would look into stronger privacy features, but I don't want to promise something I'm not sure I can deliver.

IOTA's current crypto tool is extremely light, which is what allows the transactions to be so instantaneous. I could implement something like zkSnarks, but the ledger would definitely suffer in speed, especially in the beginning since DAG protocols thrive on tons of transactions.

[Lourencoiborges]

Also watching this one.

[tormar9]

Interesting concept. Would considering donating

I've never gotten in something this early

[Dizzzzle]

Not really a suggestion but more of a thought - People flipped out with Stone because of it's privacy features. It looks like the market is really interested in a DAG based Privacy coin.

Have you given any thought to adding privacy features to Paper?

D

Yeah, I mentioned that I would look into stronger privacy features, but I don't want to promise something I'm not sure I can deliver.

IOTA's current crypto tool is extremely light, which is what allows the transactions to be so instantaneous. I could implement something like zkSnarks, but the ledger would definitely suffer in speed, especially in the beginning since DAG protocols thrive on tons of transactions.

any update?

[Afkbio]

Hey there, very interesting concept.
There is a discord for discussing DAG coin with privacy concept and feasability, if you'd like to join.

https://discord.gg/auFsMSD

See ya