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Cc: "bitcoin-development@lists.sourceforge.net"
<bitcoin-development@lists.sourceforge.net>,
Stephen Reed <stephenreed@yahoo.com>
Subject: Re: [Bitcoin-development] Bitcoin Cooperative Proof-of-Stake
whitpaper
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--001a11c2fd6ccbc00204f9eafced
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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@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@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@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@lists.sourceforge.net
> https://lists.sourceforge.net/lists/listinfo/bitcoin-development
>
>
--001a11c2fd6ccbc00204f9eafced
Content-Type: text/html; charset=UTF-8
Content-Transfer-Encoding: quoted-printable
<div dir=3D"ltr">I'm doing a hard fork, too. In my version 78% of the w=
ealth will go to me, which I will redistribute on based on personal prefere=
nces. Come and join me into a new and obviously superior system.=C2=A0<div>=
<br>
</div><div>More seriously though: the paper is not bad, but I can guarantee=
you that Bitcoin will <b>never</b> change that drastically. That's the=
whole point. It has an indestructible kernel (think DNA). Rather it will d=
o a slow death, probably in 5-10 years. If you care for PoS than just launc=
h your own.=C2=A0</div>
</div><div class=3D"gmail_extra"><br><br><div class=3D"gmail_quote">On Tue,=
May 20, 2014 at 6:42 PM, Nick Simpson <span dir=3D"ltr"><<a href=3D"mai=
lto:nick@mynicknet.com" target=3D"_blank">nick@mynicknet.com</a>></span>=
wrote:<br>
<blockquote class=3D"gmail_quote" style=3D"margin:0 0 0 .8ex;border-left:1p=
x #ccc solid;padding-left:1ex"><div>Referring to the subsidy for miners as =
"wasting it on miners" isn't going to garner you much favor. =
<br>
<br><br><div class=3D"gmail_quote"><div><div class=3D"h5">On May 20, 2014 1=
1:12:53 AM CDT, Stephen Reed <<a href=3D"mailto:stephenreed@yahoo.com" t=
arget=3D"_blank">stephenreed@yahoo.com</a>> wrote:</div></div><blockquot=
e class=3D"gmail_quote" style=3D"margin:0pt 0pt 0pt 0.8ex;border-left:1px s=
olid rgb(204,204,204);padding-left:1ex">
<div><div class=3D"h5">
<div style=3D"color:#000;background-color:#fff;font-family:HelveticaNeue-Li=
ght,Helvetica Neue Light,Helvetica Neue,Helvetica,Arial,Lucida Grande,sans-=
serif;font-size:10pt"><div>I completed a whitepaper for Bitcoin a proof-of-=
stake version which uses a single nomadic verifiable mint agent and distrib=
uted replication of a single blockchain by compensated full nodes to achiev=
e 6-hop, sub-second transaction acknowledgement times. Plus it pays dividen=
ds to holders instead of wasting it on miners. Subsidized transaction fees =
are thus lower.</div>
<div><br></div><div style=3D"background-color:transparent"><a href=3D"https=
://docs.google.com/document/d/1C4m-MFnxw0JjDorzrKs_IRQRqD9ila79o0IDt6KsbcE"=
target=3D"_blank">https://docs.google.com/document/d/1C4m-MFnxw0JjDorzrKs_=
IRQRqD9ila79o0IDt6KsbcE</a><br>
</div><div><br></div><div>Because the code is not
yet written, this idea is half-baked so to speak. Comments appreciated on m=
y 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><br></div><div><span></span></div><div><a href=3D"https://bitcointalk.=
org/index.php?topic=3D584719.msg6397403#msg6397403" target=3D"_blank">https=
://bitcointalk.org/index.php?topic=3D584719.msg6397403#msg6397403</a></div>=
<div>
<br></div><div></div><div>-Steve</div><div><br></div><div>Stephen L. Reed
<br>Austin, Texas, USA
<br><a href=3D"tel:512.791.7860" value=3D"+15127917860" target=3D"_blank">5=
12.791.7860</a></div></div><p style=3D"margin-top:2.5em;margin-bottom:1em;b=
order-bottom:1px solid #000"></p></div></div><pre><hr><br>"Accelerate =
Dev Cycles with Automated Cross-Browser Testing - For FREE<br>
Instantly run your Selenium tests across 300+ browser/OS combos.<br>Get unp=
aralleled scalability from the best Selenium testing platform available<br>=
Simple to use. Nothing to install. Get started now for free."<br><a hr=
ef=3D"http://p.sf.net/sfu/SauceLabs" target=3D"_blank">http://p.sf.net/sfu/=
SauceLabs</a></pre>
<p style=3D"margin-top:2.5em;margin-bottom:1em;border-bottom:1px solid #000=
"></p><pre><hr><br>Bitcoin-development mailing list<br><a href=3D"mailto:Bi=
tcoin-development@lists.sourceforge.net" target=3D"_blank">Bitcoin-developm=
ent@lists.sourceforge.net</a><br>
<a href=3D"https://lists.sourceforge.net/lists/listinfo/bitcoin-development=
" target=3D"_blank">https://lists.sourceforge.net/lists/listinfo/bitcoin-de=
velopment</a><br></pre></blockquote></div></div><br>-----------------------=
-------------------------------------------------------<br>
"Accelerate Dev Cycles with Automated Cross-Browser Testing - For FREE=
<br>
Instantly run your Selenium tests across 300+ browser/OS combos.<br>
Get unparalleled scalability from the best Selenium testing platform availa=
ble<br>
Simple to use. Nothing to install. Get started now for free."<br>
<a href=3D"http://p.sf.net/sfu/SauceLabs" target=3D"_blank">http://p.sf.net=
/sfu/SauceLabs</a><br>_______________________________________________<br>
Bitcoin-development mailing list<br>
<a href=3D"mailto:Bitcoin-development@lists.sourceforge.net">Bitcoin-develo=
pment@lists.sourceforge.net</a><br>
<a href=3D"https://lists.sourceforge.net/lists/listinfo/bitcoin-development=
" target=3D"_blank">https://lists.sourceforge.net/lists/listinfo/bitcoin-de=
velopment</a><br>
<br></blockquote></div><br></div>
--001a11c2fd6ccbc00204f9eafced--
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