Received-SPF: pass (sog-mx-1.v43.ch3.sourceforge.com: domain of mynicknet.com
	designates 207.12.89.62 as permitted sender)
	client-ip=207.12.89.62; envelope-from=Nick@mynicknet.com;
	helo=WIN-QA4TGA8C8S1.mynicknet.com; 
User-Agent: K-9 Mail for Android
In-Reply-To: <1400602373.46778.YahooMailNeo@web160501.mail.bf1.yahoo.com>
References: <1400602373.46778.YahooMailNeo@web160501.mail.bf1.yahoo.com>
MIME-Version: 1.0
Content-Type: multipart/alternative;
	boundary="----JLOSEXG1CZDTIYYY63E54VVOCHM9LS"
From: Nick Simpson <nick@mynicknet.com>
Date: Tue, 20 May 2014 11:42:40 -0500
To: Stephen Reed <stephenreed@yahoo.com>, Stephen Reed
	<stephenreed@yahoo.com>, "bitcoin-development@lists.sourceforge.net"
	<bitcoin-development@lists.sourceforge.net>
Message-ID: <f0c1b2dc-963a-4ea2-82c0-31b0d339d46c@email.android.com>
Subject: Re: [Bitcoin-development] Bitcoin Cooperative Proof-of-Stake
	whitpaper
Precedence: list

------JLOSEXG1CZDTIYYY63E54VVOCHM9LS
Content-Transfer-Encoding: quoted-printable
Content-Type: text/plain; charset="UTF-8"

Referring to the subsidy for miners as "wasting it on miners" isn't going t=
o garner you much favor.=20


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_IRQRqD9ila79o0IDt6=
KsbcE
>
>
>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=3D584719.msg6397403#msg6397403
>
>-Steve
>
>Stephen L. Reed=20
>Austin, Texas, USA=20
>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

------JLOSEXG1CZDTIYYY63E54VVOCHM9LS
Content-Type: text/html; charset="utf-8"
Content-Transfer-Encoding: quoted-printable

<html><head><meta http-equiv=3D"Content-Type" content=3D"text/html; charset=
=3Dus-ascii" /></head><body>Referring to the subsidy for miners as &quot;wa=
sting it on miners&quot; isn&#39;t going to garner you much favor. <br>
<br><br><div class=3D"gmail_quote">On May 20, 2014 11:12:53 AM CDT, Stephen=
 Reed &lt;stephenreed@yahoo.com&gt; wrote:<blockquote class=3D"gmail_quote"=
 style=3D"margin: 0pt 0pt 0pt 0.8ex; border-left: 1px solid rgb(204, 204, 2=
04); padding-left: 1ex;">



<div style=3D"color:#000; background-color:#fff; font-family:HelveticaNeue-=
Light, Helvetica Neue Light, Helvetica Neue, Helvetica, Arial, Lucida Grand=
e, sans-serif;font-size:10pt"><div class=3D"" style=3D"">I completed a whit=
epaper for Bitcoin a proof-of-stake version which uses a single nomadic ver=
ifiable mint agent and distributed replication of a single blockchain by co=
mpensated full nodes to achieve 6-hop, sub-second transaction acknowledgeme=
nt times. Plus it pays dividends to holders instead of wasting it on miners=
. Subsidized transaction fees are thus lower.</div><div class=3D"" style=3D=
""><br class=3D"" style=3D"" /></div><div class=3D"" style=3D"background-co=
lor: transparent;"><a href=3D"https://docs.google.com/document/d/1C4m-MFnxw=
0JjDorzrKs_IRQRqD9ila79o0IDt6KsbcE" class=3D"" style=3D"">https://docs.goog=
le.com/document/d/1C4m-MFnxw0JjDorzrKs_IRQRqD9ila79o0IDt6KsbcE</a><br class=
=3D"" style=3D"" /></div><div class=3D"" style=3D""><br class=3D"" style=3D=
"" /></div><div class=3D"" style=3D"">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 class=3D"" style=3D""><br cla=
ss=3D"" style=3D"" /></div><div class=3D"" style=3D""><span class=3D"" styl=
e=3D""></span></div><div class=3D"" style=3D"">https://bitcointalk.org/inde=
x.php?topic=3D584719.msg6397403#msg6397403</div><div class=3D"" style=3D"">=
<br class=3D"" style=3D"" /></div><div class=3D"" style=3D""></div><div cla=
ss=3D"" style=3D"">-Steve</div><div class=3D"" style=3D""><br /></div><div =
class=3D"" style=3D"">Stephen L. Reed
<br class=3D"" style=3D"" />Austin, Texas, USA
<br class=3D"" style=3D"" />512.791.7860</div></div><p style=3D"margin-top:=
 2.5em; margin-bottom: 1em; border-bottom: 1px solid #000"></p><pre class=
=3D"k9mail"><hr /><br />"Accelerate Dev Cycles with Automated Cross-Browser=
 Testing - For FREE<br />Instantly run your Selenium tests across 300+ brow=
ser/OS combos.<br />Get unparalleled scalability from the best Selenium tes=
ting platform available<br />Simple to use. Nothing to install. Get started=
 now for free."<br /><a href=3D"http://p.sf.net/sfu/SauceLabs">http://p.sf.=
net/sfu/SauceLabs</a></pre><p style=3D"margin-top: 2.5em; margin-bottom: 1e=
m; border-bottom: 1px solid #000"></p><pre class=3D"k9mail"><hr /><br />Bit=
coin-development mailing list<br />Bitcoin-development@lists.sourceforge.ne=
t<br /><a href=3D"https://lists.sourceforge.net/lists/listinfo/bitcoin-deve=
lopment">https://lists.sourceforge.net/lists/listinfo/bitcoin-development</=
a><br /></pre></blockquote></div></body></html>=

------JLOSEXG1CZDTIYYY63E54VVOCHM9LS--