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Author Topic: What is Proof of Labour?  (Read 112 times)
benny_enthu
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March 07, 2018, 08:53:33 AM
 #1


Please explain the proof-of-Labour concept.

PROOF OF LABOUR IMPROVEMENT PROPOSAL Julio Moros Oscar[PDF] (https://drive.google.com/file/d/0BxMpUFjkIPHlczZ2NkI4OUdBcFU/view)

And how can we create the a cryptocurrency framework like ethereum or EOS ?
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March 07, 2018, 01:54:32 PM
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Ethereum is outdated and really this "Proof of something" is about establishing trust or cooperation between nodes
which is OK so long as it does not involve wasting time and gobbling up the network because that's never going to
scale.

The code I am working on sends a request to servers for node discovery and gets a hash and count for nodes
broken down by 4 digits of the public keys and then picks one at random and asks for the row data making up
the hash so that the node can see if the other one is being honest but this data is needed anyway since it is
replicate between a sub-section of nodes.

if that proof of labour because I cannot follow the link, google is all but blocked by me this end.

Mining is CPU-wars and Intel, AMD like it nearly as much as big oil likes miners wasting electricity. Is this what mankind has come too.
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March 07, 2018, 04:39:52 PM
 #3

PROOF OF LABOUR IMPROVEMENT PROPOSAL Julio Moros Oscar[PDF] (https://drive.google.com/file/d/0BxMpUFjkIPHlczZ2NkI4OUdBcFU/view)
I have read the white paper. I seems that this paper merely promotes the Dash network. Sad

Anyway, I liked the idea of the "flow scrip" and the proper escrow mechanism. But I think the master pools mentioned in the white paper are not very good solution in general, because they can be compromised.

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March 07, 2018, 04:42:37 PM
 #4

Ethereum is outdated and really this "Proof of something" is about establishing trust or cooperation between nodes
which is OK so long as it does not involve wasting time and gobbling up the network because that's never going to
scale.

The code I am working on sends a request to servers for node discovery and gets a hash and count for nodes
broken down by 4 digits of the public keys and then picks one at random and asks for the row data making up
the hash so that the node can see if the other one is being honest but this data is needed anyway since it is
replicate between a sub-section of nodes.

if that proof of labour because I cannot follow the link, google is all but blocked by me this end.

Ethereum is a scam since it was released as a heavily pre-mined ICO with some PoW.. and then they will go PoS. It's a mess of a project, a total joke, yet it got real far because it's useful thanks to the ERC20 tokens for other projects to be released, it's like a platform, but as a store of value or anything like that it's just a disaster. I don't see any other use case for Ethereum than launching other tokens throught it. The rest of smart contract applications are useless.

I have been reading about your project for a while. Let us know when it's released. Sounds too good to be true to be honest.

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March 07, 2018, 07:12:06 PM
 #5

Ethereum is a scam since it was released as a heavily pre-mined ICO with some PoW.. and then they will go PoS. It's a mess of a project, a total joke, yet it got real far because it's useful thanks to the ERC20 tokens for other projects to be released, it's like a platform, but as a store of value or anything like that it's just a disaster. I don't see any other use case for Ethereum than launching other tokens throught it. The rest of smart contract applications are useless.

Yes the network and the coins need separating but I like ETH because it offers "Bean Counting" services and charges gas for the privileged
but did you like how Bitcoin pinched the term "Smart Contract" and please give me a link to where I can see them or upload my own if you
know of any.

NEO I think is going to be one to watch but really I am looking for a platform that allows real apps to be deployed in a way
that they cannot be taken down so long as they make "Gas" payments to the host providers to run site much like hidden Tor
.onion works but the sites/services will stay up without having to keep your Tor node open.


 

Mining is CPU-wars and Intel, AMD like it nearly as much as big oil likes miners wasting electricity. Is this what mankind has come too.
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