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Date: Tue, 20 May 2014 09:12:53 -0700 (PDT)
From: Stephen Reed <stephenreed@yahoo.com>
To: "bitcoin-development@lists.sourceforge.net"
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Subject: [Bitcoin-development] Bitcoin Cooperative Proof-of-Stake whitpaper
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Reply-To: Stephen Reed <stephenreed@yahoo.com>

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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
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<html><body><div style="color:#000; background-color:#fff; font-family:HelveticaNeue-Light, Helvetica Neue Light, Helvetica Neue, Helvetica, Arial, Lucida Grande, sans-serif;font-size:10pt"><div class="" style="">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.</div><div class="" style=""><br class="" style=""></div><div class="" style="background-color: transparent;"><a href="https://docs.google.com/document/d/1C4m-MFnxw0JjDorzrKs_IRQRqD9ila79o0IDt6KsbcE" class="" style="">https://docs.google.com/document/d/1C4m-MFnxw0JjDorzrKs_IRQRqD9ila79o0IDt6KsbcE</a><br class="" style=""></div><div class="" style=""><br class="" style=""></div><div
 class="" style="">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.</div><div class="" style=""><br class="" style=""></div><div class="" style=""><span class="" style=""></span></div><div class="" style="">https://bitcointalk.org/index.php?topic=584719.msg6397403#msg6397403</div><div class="" style=""><br class="" style=""></div><div class="" style=""></div><div class="" style="">-Steve</div><div class="" style=""><br></div><div class="" style="">Stephen L. Reed
<br class="" style="">Austin, Texas, USA
<br class="" style="">512.791.7860</div></div></body></html>
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