Recent posts
#1
Off Topic / Re: My Authoritative Book on B...
Last post by BenFitterman - December 27, 2022, 09:02:39 PMI like the book
#2
General / Re: Forum Locked for New Users
Last post by psztorc - December 04, 2022, 03:25:21 AMAt long last, the Forum has been restored!
I will be manually approving all new registrations, to fight spam.
Plus, the forum (for now) is mostly a read-only historical resource.
I will be manually approving all new registrations, to fight spam.
Plus, the forum (for now) is mostly a read-only historical resource.
#3
Design / Incentives / Game Theory / Re: votecoins is a big mistake...
Last post by psztorc - August 20, 2016, 03:36:40 PMHow do you measure efficiency?
By that I mean, what did you divide by what, to get the factor of 1000?
By that I mean, what did you divide by what, to get the factor of 1000?
#4
General / Forum Locked for New Users
Last post by psztorc - August 17, 2016, 02:33:34 PMForum-use has greatly declined, relative to communication by Telegram, e-mail, GitHub, and Slack.
Instead, new users are encouraged to get themselves invited to: bitcoinhivemind.slack.com
Or find me on Telegram, email, Github.
Instead, new users are encouraged to get themselves invited to: bitcoinhivemind.slack.com
Or find me on Telegram, email, Github.
#5
Design / Incentives / Game Theory / Re: votecoins is a big mistake...
Last post by zack - July 27, 2016, 04:43:33 AMHere is a more precise analysis of how much more affordable the better design for truthcoin will be:
https://github.com/BumblebeeBat/FlyingFox/blob/master/docs/oracle_finality.md
https://github.com/BumblebeeBat/FlyingFox/blob/master/docs/oracle_finality.md
#6
Design / Incentives / Game Theory / Re: votecoins is a big mistake...
Last post by zack - July 25, 2016, 03:54:52 PMI wrote the document in the format that Paul Sztorc suggested: https://github.com/BumblebeeBat/FlyingFox/blob/master/docs/hip_tip.md
Truthcoin Improvement Proposal #0
Truthcoin Improvement Proposal #0
#7
Design / Incentives / Game Theory / votecoins is a big mistake. Ho...
Last post by zack - July 20, 2016, 04:16:15 PMsee below
#8
Off Topic / Re: youtube video for Flying F...
Last post by zack - July 13, 2016, 06:37:29 PMThank 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.
https://github.com/BumblebeeBat/FlyingFox/blob/master/docs/2_types_of_bonds.md
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.
https://github.com/BumblebeeBat/FlyingFox/blob/master/docs/2_types_of_bonds.md
#9
Off Topic / Re: youtube video for Flying F...
Last post by psztorc - July 13, 2016, 05:31:05 PMI 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.
Yet, the same 1$ can't go to both B and C. This seems to be a contradiction.
#10