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Author Topic: [ANNOUNCEMENT] The Second Bitcoin Whitepaper (Available Friday Jan 6th, 2012)  (Read 1661 times)
dacoinminster
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January 04, 2012, 08:10:46 PM
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Update: Here it is: https://bitcointalk.org/index.php?topic=56901.0

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I have spent the last few months writing and editing a document which I am ambitiously calling "The Second Bitcoin Whitepaper".

Currently it is 12 pages long, and it is being reviewed by a couple trusted associates. My birthday is this Friday, so I am taking the day off work to do some final polishing before publishing it for public comment.

As a teaser, here is the summary at the beginning of the document:

Quote
Summary

We claim that the existing bitcoin network can be used as a protocol layer, on top of which new currency
layers with new rules can be built without changing the foundation.
We further claim that the new
protocol layers described in this document:

  • Will fix the two biggest barriers to widespread bitcoin adoption: instability and insecurity.
  • Will financially benefit the entire bitcoin user community, including those who don’t use the
    new protocol layers.
  • Will provide initial funds to hire developers to build software which implements the new
    protocol layers, and ongoing funds to pay for maintenance of this software.
  • Will richly reward early adopters of the new protocol, in proportion to how successful it is.

Once I am reasonably happy with it on Friday, I will publish it and link to it from this thread. I will probably also create a new thread for discussion and feedback. I plan to spend most of Friday recruiting various bitcoin luminaries to take a look, and various bitcoin news sources to link to it.

Sorry, I'm not available to discuss the paper or answer questions until then, so please don't be offended if I don't answer questions posted to this thread before Friday. Thanks!

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mcorlett
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January 04, 2012, 08:12:34 PM
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I post not only to subscribe, but to let you know that I am looking forward to reading your whitepaper.

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January 04, 2012, 08:13:27 PM
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Will richly reward early adopters of the new protocol, in proportion to how successful it is.

That is what I am interested in Grin

Sounds like another ScamChain though.
cypherdoc
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January 04, 2012, 08:14:36 PM
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great news and right on target.

i actually think the USD system can layer on top of Bitcoin, aka, The Bitcoin Standard.
BubbleBoy
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January 04, 2012, 09:04:26 PM
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Will provide initial funds to hire developers to build software which implements the new protocol layers, and ongoing funds to pay for maintenance of this software.

Unless some of the "luminaries" will foot the bill themselves, I assume we are talking about premined coins. Good luck with that.
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January 06, 2012, 02:54:05 PM
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here it comes...

(BFL)^2 < 0
dacoinminster
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January 06, 2012, 10:46:26 PM
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Update: Here it is: https://bitcointalk.org/index.php?topic=56901.0

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