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Subject: Re: [Bitcoin-development] New paper: Research Perspectives and
Challenges for Bitcoin and Cryptocurrencies
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You might consider the dimension taken by the cooperative mining approach of=
AI Coin, an altcoin that will launch April 27. The coin is an embodiment of=
principles described in my whitepaper last May, "Bitcoin Cooperative Proof o=
f Stake".=20
http://arxiv.org/abs/1405.5741
Currently we do not use staking, as network-wide algorithmic trustworthiness=
provides the security directly. Network operations, although highly automat=
ed with intelligent software agents, has a human-in-the-loop for oversight.
Our innovation enables immediate settlement of transactions. Peers in our ne=
twork cooperate, taking turns creating new blocks. There is single version o=
f the blockchain which is appended to by a single peer, and is replicated by=
the other peers. Our peers wrap Bitcoind instances, controlling transaction=
and new block routing to form a scalable super peer topology. Peers have se=
lf-signed X.509 certificates which encrypt messages and prevent impersonatio=
n. The tamper-evident technology that secures Bitcoin's blockchain and trans=
actions is extended to secure the entire network. Inspired by an idea publis=
hed by Nick Szabo, our peers maintain tamper-evident logs which are replayed=
, verified and signed by other peers. Aside from the whitepaper, more curren=
t technical information can be found on our forum - where I would be glad to=
answer questions and debate skeptics - instead of responding in this list o=
ff topic.=20
http://ai-cointalk.org
I would like thank those here and on IRC who last year encouraged me think o=
utside the box.
-Steve
CTO AI Coin, Inc.
512.791.7960
http://ai-coin.org
--Apple-Mail-844551D4-69B9-4FD8-B45C-9B38371F68EF
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<html><head><meta http-equiv=3D"content-type" content=3D"text/html; charset=3D=
utf-8"></head><body dir=3D"auto"><div><span></span></div><div><span></span>Y=
ou might consider the dimension taken by the cooperative mining approach of A=
I Coin, an altcoin that will launch April 27. The coin is an embodiment of p=
rinciples described in my whitepaper last May, "Bitcoin Cooperative Proof of=
Stake". </div><div><a href=3D"http://arxiv.org/abs/1405.5741">http://a=
rxiv.org/abs/1405.5741</a></div><div><br></div><div>Currently we do not use s=
taking, as network-wide algorithmic trustworthiness provides the security di=
rectly. Network operations, although highly automated with intelligent softw=
are agents, has a human-in-the-loop for oversight.</div><div><br></div><div>=
Our innovation enables immediate settlement of transactions. Peers in our ne=
twork cooperate, taking turns creating new blocks. There is single version o=
f the blockchain which is appended to by a single peer, and is replicated by=
the other peers. Our peers wrap Bitcoind instances, controlling transaction=
and new block routing to form a scalable super peer topology. Peers have se=
lf-signed X.509 certificates which encrypt messages and prevent impersonatio=
n. The tamper-evident technology that secures Bitcoin's blockchain and trans=
actions is extended to secure the entire network. Inspired by an idea publis=
hed by Nick Szabo, our peers maintain tamper-evident logs which are replayed=
, verified and signed by other peers. Aside from the whitepaper, more curren=
t technical information can be found on our forum - where I would be glad to=
answer questions and debate skeptics - instead of responding in this list o=
ff topic. </div><div><br></div><div><a href=3D"http://ai-cointalk.org">=
http://ai-cointalk.org</a></div><div><br></div><div>I would like thank those=
here and on IRC who last year encouraged me think outside the box.<br><span=
></span><br><span>-Steve</span><br><br>CTO AI Coin, Inc.<br></div><div><span=
>512.791.7960</span><br><span><a href=3D"http://ai-coin.org">http://ai-coin.=
org</a></span><br></div><div><div><br></div></div></body></html>=
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