Received: from sog-mx-2.v43.ch3.sourceforge.com ([172.29.43.192] helo=mx.sourceforge.net) by sfs-ml-1.v29.ch3.sourceforge.com with esmtp (Exim 4.76) (envelope-from ) id 1Wn8p3-0007yv-DB for bitcoin-development@lists.sourceforge.net; Wed, 21 May 2014 15:52:53 +0000 Received-SPF: pass (sog-mx-2.v43.ch3.sourceforge.com: domain of gmail.com designates 209.85.214.173 as permitted sender) client-ip=209.85.214.173; envelope-from=benjamin.l.cordes@gmail.com; helo=mail-ob0-f173.google.com; Received: from mail-ob0-f173.google.com ([209.85.214.173]) by sog-mx-2.v43.ch3.sourceforge.com with esmtps (TLSv1:RC4-SHA:128) (Exim 4.76) id 1Wn8p1-0007tx-7s for bitcoin-development@lists.sourceforge.net; Wed, 21 May 2014 15:52:53 +0000 Received: by mail-ob0-f173.google.com with SMTP id wm4so2365241obc.32 for ; Wed, 21 May 2014 08:52:45 -0700 (PDT) MIME-Version: 1.0 X-Received: by 10.182.22.227 with SMTP id h3mr52706963obf.36.1400687565715; Wed, 21 May 2014 08:52:45 -0700 (PDT) Received: by 10.182.213.73 with HTTP; Wed, 21 May 2014 08:52:45 -0700 (PDT) In-Reply-To: References: <1400602373.46778.YahooMailNeo@web160501.mail.bf1.yahoo.com> Date: Wed, 21 May 2014 17:52:45 +0200 Message-ID: From: Benjamin Cordes To: Nick Simpson Content-Type: multipart/alternative; boundary=001a11c2fd6ccbc00204f9eafced X-Spam-Score: -0.6 (/) X-Spam-Report: Spam Filtering performed by mx.sourceforge.net. See http://spamassassin.org/tag/ for more details. -1.5 SPF_CHECK_PASS SPF reports sender host as permitted sender for sender-domain 0.0 FREEMAIL_FROM Sender email is commonly abused enduser mail provider (benjamin.l.cordes[at]gmail.com) -0.0 SPF_PASS SPF: sender matches SPF record 1.0 HTML_MESSAGE BODY: HTML included in message -0.1 DKIM_VALID_AU Message has a valid DKIM or DK signature from author's domain 0.1 DKIM_SIGNED Message has a DKIM or DK signature, not necessarily valid -0.1 DKIM_VALID Message has at least one valid DKIM or DK signature X-Headers-End: 1Wn8p1-0007tx-7s Cc: "bitcoin-development@lists.sourceforge.net" , Stephen Reed Subject: Re: [Bitcoin-development] Bitcoin Cooperative Proof-of-Stake whitpaper X-BeenThere: bitcoin-development@lists.sourceforge.net X-Mailman-Version: 2.1.9 Precedence: list List-Id: List-Unsubscribe: , List-Archive: List-Post: List-Help: List-Subscribe: , X-List-Received-Date: Wed, 21 May 2014 15:52:53 -0000 --001a11c2fd6ccbc00204f9eafced Content-Type: text/plain; charset=UTF-8 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 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 > 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
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
=
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 d= o a slow death, probably in 5-10 years. If you care for PoS than just launc= h your own.=C2=A0


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 1= 1:12:53 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 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.


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.

=

-Steve

Stephen L. Reed
Austin, Texas, USA
5= 12.791.7860


"Accelerate =
Dev Cycles with Automated Cross-Browser Testing - For FREE

Instantly run your Selenium tests across 300+ browser/OS combos.
Get unp=
aralleled 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-developm= ent@lists.sourceforge.net
https://lists.sourceforge.net/lists/listinfo/bitcoin-de= velopment


-----------------------= -------------------------------------------------------
"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 availa= ble
Simple to use. Nothing to install. Get started now for free."
http://p.sf.net= /sfu/SauceLabs
_______________________________________________
Bitcoin-development mailing list
Bitcoin-develo= pment@lists.sourceforge.net
https://lists.sourceforge.net/lists/listinfo/bitcoin-de= velopment


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