Benjamin Cordes [ARCHIVE] on Nostr: 📅 Original date posted:2014-05-21 📝 Original message:I'm doing a hard fork, ...
📅 Original date posted:2014-05-21
📝 Original message:I'm doing a hard fork, too. In my version 78% of the wealth will go to me,
which I will redistribute on based on personal preferences. Come and join
me into a new and obviously superior system.
More seriously though: the paper is not bad, but I can guarantee you that
Bitcoin will *never* change that drastically. That's the whole point. It
has an indestructible kernel (think DNA). Rather it will do a slow death,
probably in 5-10 years. If you care for PoS than just launch your own.
On Tue, May 20, 2014 at 6:42 PM, Nick Simpson <nick at mynicknet.com> wrote:
> Referring to the subsidy for miners as "wasting it on miners" isn't going
> to garner you much favor.
>
>
> On May 20, 2014 11:12:53 AM CDT, Stephen Reed <stephenreed at yahoo.com>
> wrote:
>
>> I completed a whitepaper for Bitcoin a proof-of-stake version which uses
>> a single nomadic verifiable mint agent and distributed replication of a
>> single blockchain by compensated full nodes to achieve 6-hop, sub-second
>> transaction acknowledgement times. Plus it pays dividends to holders
>> instead of wasting it on miners. Subsidized transaction fees are thus lower.
>>
>>
>> https://docs.google.com/document/d/1C4m-MFnxw0JjDorzrKs_IRQRqD9ila79o0IDt6KsbcE
>>
>> Because the code is not yet written, this idea is half-baked so to speak.
>> Comments appreciated on my project thread, which will be a development
>> diary. I plan a hard fork of the Bitcoin blockchain in early 2016, after a
>> year of public system testing, and conditioned on wide approval.
>>
>> https://bitcointalk.org/index.php?topic=584719.msg6397403#msg6397403
>>
>> -Steve
>>
>> Stephen L. Reed
>> Austin, Texas, USA
>> 512.791.7860
>>
>> ------------------------------
>>
>> "Accelerate Dev Cycles with Automated Cross-Browser Testing - For FREE
>> Instantly run your Selenium tests across 300+ browser/OS combos.
>> Get unparalleled scalability from the best Selenium testing platform available
>> Simple to use. Nothing to install. Get started now for free."
>> http://p.sf.net/sfu/SauceLabs
>>
>> ------------------------------
>>
>> Bitcoin-development mailing list
>> Bitcoin-development at lists.sourceforge.net
>> https://lists.sourceforge.net/lists/listinfo/bitcoin-development
>>
>>
>
> ------------------------------------------------------------------------------
> "Accelerate Dev Cycles with Automated Cross-Browser Testing - For FREE
> Instantly run your Selenium tests across 300+ browser/OS combos.
> Get unparalleled scalability from the best Selenium testing platform
> available
> Simple to use. Nothing to install. Get started now for free."
> http://p.sf.net/sfu/SauceLabs
> _______________________________________________
> Bitcoin-development mailing list
> Bitcoin-development at lists.sourceforge.net
> https://lists.sourceforge.net/lists/listinfo/bitcoin-development
>
>
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📝 Original message:I'm doing a hard fork, too. In my version 78% of the wealth will go to me,
which I will redistribute on based on personal preferences. Come and join
me into a new and obviously superior system.
More seriously though: the paper is not bad, but I can guarantee you that
Bitcoin will *never* change that drastically. That's the whole point. It
has an indestructible kernel (think DNA). Rather it will do a slow death,
probably in 5-10 years. If you care for PoS than just launch your own.
On Tue, May 20, 2014 at 6:42 PM, Nick Simpson <nick at mynicknet.com> wrote:
> Referring to the subsidy for miners as "wasting it on miners" isn't going
> to garner you much favor.
>
>
> On May 20, 2014 11:12:53 AM CDT, Stephen Reed <stephenreed at yahoo.com>
> wrote:
>
>> I completed a whitepaper for Bitcoin a proof-of-stake version which uses
>> a single nomadic verifiable mint agent and distributed replication of a
>> single blockchain by compensated full nodes to achieve 6-hop, sub-second
>> transaction acknowledgement times. Plus it pays dividends to holders
>> instead of wasting it on miners. Subsidized transaction fees are thus lower.
>>
>>
>> https://docs.google.com/document/d/1C4m-MFnxw0JjDorzrKs_IRQRqD9ila79o0IDt6KsbcE
>>
>> Because the code is not yet written, this idea is half-baked so to speak.
>> Comments appreciated on my project thread, which will be a development
>> diary. I plan a hard fork of the Bitcoin blockchain in early 2016, after a
>> year of public system testing, and conditioned on wide approval.
>>
>> https://bitcointalk.org/index.php?topic=584719.msg6397403#msg6397403
>>
>> -Steve
>>
>> Stephen L. Reed
>> Austin, Texas, USA
>> 512.791.7860
>>
>> ------------------------------
>>
>> "Accelerate Dev Cycles with Automated Cross-Browser Testing - For FREE
>> Instantly run your Selenium tests across 300+ browser/OS combos.
>> Get unparalleled scalability from the best Selenium testing platform available
>> Simple to use. Nothing to install. Get started now for free."
>> http://p.sf.net/sfu/SauceLabs
>>
>> ------------------------------
>>
>> Bitcoin-development mailing list
>> Bitcoin-development at lists.sourceforge.net
>> https://lists.sourceforge.net/lists/listinfo/bitcoin-development
>>
>>
>
> ------------------------------------------------------------------------------
> "Accelerate Dev Cycles with Automated Cross-Browser Testing - For FREE
> Instantly run your Selenium tests across 300+ browser/OS combos.
> Get unparalleled scalability from the best Selenium testing platform
> available
> Simple to use. Nothing to install. Get started now for free."
> http://p.sf.net/sfu/SauceLabs
> _______________________________________________
> Bitcoin-development mailing list
> Bitcoin-development at lists.sourceforge.net
> https://lists.sourceforge.net/lists/listinfo/bitcoin-development
>
>
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