Update: Here it is:
https://bitcointalk.org/index.php?topic=56901.0I 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:
SummaryWe 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!
