Bitcoiners,
I'd like to invite everyone here to comment and contribute to this new Whitepaper about "Decentralized Applications" I've written with the help of my co-authors, Steven Mason, Farzad Hashemi, Ron Gross, and Sam Yilmaz.
The whitepaper is up on Github and is open sourced so you are all welcome to offer pull requests for its improvement : )
https://github.com/DavidJohnstonCEO/DecentralizedApplicationsI recently did an interview with Adam at Lets Talk Bitcoin about these Decentralized Applications along with Ron Gross.
Here is the link to interview minus the first section of the episode which covered Milli Bits.
https://drive.google.com/file/d/0B2R_eSvAkuXSX2t4QjRBamJpQWs/edit?usp=sharing This paper defines “Decentralized Applications” as follows:
Qualification 1. To qualify as “Decentralized” an application must be completely open source, it must operate autonomously with no one entity controlling the majority of its tokens, and its data / records of operation must be cryptographically stored in a decentralized blockchain.
Qualification 2. Decentralized Apps must also generate tokens according to a standard algorithm / criteria over time and / or distribute tokens at the beginning of their operation (in accordance with their protocol) to reward predefined value adding behaviors by users. These same tokens must be utilized by users to access the features of the Decentralized App.
Qualification 3. The Decentralized App can adapt its protocol in response to proposed developer improvements and market feedback, though all changes which are accepted into the protocol must be based on the majority consensus of its users through Proof of Work, Proof of Stake, or a similar mechanism(s).
I've launched an entire Website at:
http://distributedapps.co/ in order to cover this broad topic and I'll be announcing a legal / regulatory group called C.O.D.A. "Council for the Organization of Decentralized Applications" along with other open source groups focused on this issue.
I'm looking forward to everyone's input on this subject and if you are interested in developing Decentralized Applications in 2014 please PM me or email me directly and I'd love to hear about what you are developing and offer to help in any way I can.
I'll be investing my full time efforts into the largest scale / most disruptive Decentralized Applications of 2014.
Talk with you all soon.
David A. Johnston
http://www.bitangels.co/http://distributedapps.co/David@BitAngels.co______ P.S. Note The Moderators______
I'm posting here in the "Project Development" section of Bitcointalk, instead of Alt Coin section because the primary discussion is about Decentralized Applications built on top of the Bitcoin Protocol and NOT a discussion of alternative blockchains. These are applications with a wide diversity of use cases, not currency focused or competitors with Bitcoin, and thus not "alts" in that sense of the word either. Thanks.
