As you may have noticed I am really interested in prediction markets and your idea in particular (I have posted under the same handle in all of your threads, in all the forums you have posted your idea that I know of)
What I see is the main fundamental problem (for which nether you, nor toast seem to care much about) is that your voting shares (truthcoins) is much more akin to the idea of partnership than to share/ is too connected with the idea of somewhat permanent account than freely flying shares.
You have to have studied in relative depth the ideas of Satoshi, but take a moment to look into what is missing from his system (as you do with what is in it) – in no way he did limit one person with one account neither the personal qualities/past behavior plaid any role in his system or the distribution /redistribution of coins. I do not know if this was his plan in particular but the idea of partial anonumity is consistently present (if not leading) principal in the crypto space.
In particular I see the problem in the following:
I have an 'account' with 1 truthcoin with very high rating. What happens if for particular vote I move 10,000 new shares in that account – both scenarios seem unfair:
- if my rating is not waited (with the shares/truthcoins I keep in it) I can make numerous account and move my big number of shares to the one with the highest rating to change particular vote.
- if my rating is waited it is pretty unfair/discouraging to buy new shares/truthcoins because I have to wait and build reputation with them. Discouraging trading of share is hardly the best quality of an asset.
So my question is:
Have you thought (and if yes are you at all willing to consider) any design decision that do not involve SVD but is more akin/friendly to crypto implementation?
In other words what is more important to you – crypto prediction market; or proving that SVD can be successfully implemented on top of a crypto currency?
What I see is the main fundamental problem (for which nether you, nor toast seem to care much about) is that your voting shares (truthcoins) is much more akin to the idea of partnership than to share/ is too connected with the idea of somewhat permanent account than freely flying shares.
You have to have studied in relative depth the ideas of Satoshi, but take a moment to look into what is missing from his system (as you do with what is in it) – in no way he did limit one person with one account neither the personal qualities/past behavior plaid any role in his system or the distribution /redistribution of coins. I do not know if this was his plan in particular but the idea of partial anonumity is consistently present (if not leading) principal in the crypto space.
In particular I see the problem in the following:
I have an 'account' with 1 truthcoin with very high rating. What happens if for particular vote I move 10,000 new shares in that account – both scenarios seem unfair:
- if my rating is not waited (with the shares/truthcoins I keep in it) I can make numerous account and move my big number of shares to the one with the highest rating to change particular vote.
- if my rating is waited it is pretty unfair/discouraging to buy new shares/truthcoins because I have to wait and build reputation with them. Discouraging trading of share is hardly the best quality of an asset.
So my question is:
Have you thought (and if yes are you at all willing to consider) any design decision that do not involve SVD but is more akin/friendly to crypto implementation?
In other words what is more important to you – crypto prediction market; or proving that SVD can be successfully implemented on top of a crypto currency?