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How do you measure efficiency?

By that I mean, what did you divide by what, to get the factor of 1000?
General / Forum Locked for New Users
« Last post by psztorc on August 17, 2016, 02:33:34 pm »
Forum-use has greatly declined, relative to communication by Telegram, e-mail, GitHub, and Slack.

Instead, new users are encouraged to get themselves invited to:

Or find me on Telegram, email, Github.
Here is a more precise analysis of how much more affordable the better design for truthcoin will be:
I wrote the document in the format that Paul Sztorc suggested:

Truthcoin Improvement Proposal #0
see below
Off Topic / Re: youtube video for Flying Fox blockchain
« Last post by zack on July 13, 2016, 06:37:29 pm »
Thank you for looking at my idea Paul :)

I probably shouldn't use the word "bond" to describe the big bond, but I am no wordist. I don't know what to call it.

Flying Fox has 2 types of bonds.

The first is an inaccessible safety deposit that the blockchain can take away at any time to punish a mistake. This small bond is a bond. It is used to punish validators who validate on contradictory blocks. This money is not in a channel, it is locked up and inaccessible.

The second bond is used for voting purposes. It is measures a distribution of users who are as  similar to the distribution of value holders as possible. This money is accessible. So "bond" probably isn't the best name for it.

Most proof of stake systems today use the same distribution of coins to act both as the small bond, and the big one.
I show in this paper, that using the same distribution of coins for both of these goals is inefficient. The portion of value being bonded is either too big for the first goal, or it is too small for the second goal.
Off Topic / Re: youtube video for Flying Fox blockchain
« Last post by psztorc on July 13, 2016, 05:31:05 pm »
I don't understand the dual use of the money. If my money is in a channel, I can send it away to Person B, at any time, off chain. However, if my money is securing the blockchain, then these funds are "staked", so that the blockchain can send it away from me (to Person C) if I make a mistake.

Yet, the same 1$ can't go to both B and C. This seems to be a contradiction.
Outside Work / Re: Great article on Futarchy by Ralph Merkle
« Last post by psztorc on July 13, 2016, 05:18:36 pm »
Very similar to this post from 2014.

Doesn't answer the question I asked, however.
Off Topic / Jefferson Quote
« Last post by psztorc on July 08, 2016, 05:42:17 am »
“Whenever the people are well informed, they can be trusted with their own government.”
-Thomas Jefferson

(re: futarchy?)
Off Topic / Re: I am selling Augur REP
« Last post by Nonstop323 on June 30, 2016, 03:38:18 am »
I still like the idea though I'm definitely one of those guys waiting daily for Augur yup any day now...
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