[ANN] eMunie (EMU) - NOT a BitCoin fork/clone - call for beta testers - page 26.

r3wt

hero member

Activity: 686

Merit: 504

always the student, never the master.

Quote from: #R#a#u#t#e# on May 31, 2013, 04:03:09 AM

Id like to participate too,

realy interested how this goes!

One Question:

OP says: "system ... discourages hoarding", but than there is "...generated units are distributed ... to all clients, the percentage of which will be proportional to the amount of EMU units within that account"

reading that i feel somehow encouraged to hoard EMU to get even more EMU... or am i wrong about that ?

I think what he meant to say was "..inversely proportional.."

#R#a#u#t#e#

member

Activity: 65

Merit: 10

Id like to participate too,

realy interested how this goes!

One Question:

OP says: "system ... discourages hoarding", but than there is "...generated units are distributed ... to all clients, the percentage of which will be proportional to the amount of EMU units within that account"

reading that i feel somehow encouraged to hoard EMU to get even more EMU... or am i wrong about that ?

jaakkop

member

Activity: 63

Merit: 10

Really glad to see new innovation. I really hope it will be truly open-source, unlike Ripple kind of open-source.
On a marketing point of view, the current name does not seem to sell well. How about having the word "green" in some part of it? It could be associated with green dollar bills and green efficiency.

forsetifox

sr. member

Activity: 266

Merit: 250

Your ideas are intriguing to me and I wish to subscribe to your newsletter.

Cheesy

peonminer

hero member

Activity: 798

Merit: 531

Crypto is King.

In for beta if possible. 3x7950

coolnt1

newbie

Activity: 10

Merit: 0

very promising, count me in as well!

durnkenWiz

sr. member

Activity: 331

Merit: 250

count me in !

jabberwok

newbie

Activity: 25

Merit: 0

I'm in for testing.

YaCoinYeah

newbie

Activity: 42

Merit: 0

Someone make a name suggestion thread, we can all brainstorm and promote the new upcoming coin at the same time.

Visin

sr. member

Activity: 436

Merit: 250

CryptoTalk.Org - Get Paid for every Post!

Quote from: Seth Otterstad on May 31, 2013, 12:58:35 AM

Quote from: timeofmind on May 31, 2013, 12:47:22 AM

Quote from: Seth Otterstad on May 31, 2013, 12:13:39 AM

A proof-of-work or proof-of-stake system are the only known ways to stop someone from running a lot of client peers or hatchers in a decentralized system in order to block transactions or double-spend. I do not see any new solution to the Byzantine Generals problem in your answers.

proof-of-work = all the rich people control the damn currency!
proof-of-stake = all the rich people control the damn currency!

damn it, there has to be a way to guarantee an even distribution of control over transaction processing! But the only other way I can think of is if you could verify that every node involved in the verification of blocks is in fact a separate individual!

When the dozen or so startups who are working on a reputation economy find a way to uniquely identify everyone on the planet over the internet, it will enable a bitcoin competitor to make a decentralized initial distribution of the currency evenly to everyone, which would be VASTLY superior to bitcoin's system of mining as an initial distribution. Unfortunately, by the time this capability exists in one or two decades, bitcoin will have huge special interest groups who will attempt to destroy such a competing system before it gets started.

Mining sucks, but it is the best solution Satoshi had available.

From working in the advertising end of the internet world, I can tell you one thing, you will never have a true link to a human being with a way to distinguish if thats the said user or not. Many firms have tried doing this online and its far from possible due to the way the entire tech world was built around, which was not being connected IRL.

Even if you go as far as biometrics, which I do not think most will go that far, it will still be possible to fraud the system with a torn out eye / chopped hand Wink

r3wt

hero member

Activity: 686

Merit: 504

always the student, never the master.

I could understand
e-coin
e-cash
e-dollar
e-note
e-funds
e-currency
e-tokens

but

e-munie? dafuq are you high on?

my personal vote would be

e-tokens

GSnak

full member

Activity: 182

Merit: 100

Quote from: Seth Otterstad on May 31, 2013, 12:58:35 AM

find a way to uniquely identify everyone on the planet over the internet

Yeah that's what everyone wants.

Seth Otterstad

sr. member

Activity: 328

Merit: 250

Quote from: timeofmind on May 31, 2013, 12:47:22 AM

Quote from: Seth Otterstad on May 31, 2013, 12:13:39 AM

A proof-of-work or proof-of-stake system are the only known ways to stop someone from running a lot of client peers or hatchers in a decentralized system in order to block transactions or double-spend. I do not see any new solution to the Byzantine Generals problem in your answers.

proof-of-work = all the rich people control the damn currency!
proof-of-stake = all the rich people control the damn currency!

damn it, there has to be a way to guarantee an even distribution of control over transaction processing! But the only other way I can think of is if you could verify that every node involved in the verification of blocks is in fact a separate individual!

When the dozen or so startups who are working on a reputation economy find a way to uniquely identify everyone on the planet over the internet, it will enable a bitcoin competitor to make a decentralized initial distribution of the currency evenly to everyone, which would be VASTLY superior to bitcoin's system of mining as an initial distribution. Unfortunately, by the time this capability exists in one or two decades, bitcoin will have huge special interest groups who will attempt to destroy such a competing system before it gets started.

Mining sucks, but it is the best solution Satoshi had available.

pinger

legendary

Activity: 1512

Merit: 1001

Bitcoin - Resistance is futile

What do I have to do? What do you mean by energy eficient?

I'm IN if you want. Send private for OS and hardware specifications.

Greetings.

Visin

sr. member

Activity: 436

Merit: 250

CryptoTalk.Org - Get Paid for every Post!

Quote from: timeofmind on May 31, 2013, 12:47:22 AM

Quote from: Seth Otterstad on May 31, 2013, 12:13:39 AM

A proof-of-work or proof-of-stake system are the only known ways to stop someone from running a lot of client peers or hatchers in a decentralized system in order to block transactions or double-spend. I do not see any new solution to the Byzantine Generals problem in your answers.

proof-of-work = all the rich people control the damn currency!
proof-of-stake = all the rich people control the damn currency!

damn it, there has to be a way to guarantee an even distribution of control over transaction processing! But the only other way I can think of is if you could verify that every node involved in the verification of blocks is in fact a separate individual!

Should we be thumb printing individuals now? haha.

timeofmind

member

Activity: 84

Merit: 10

Quote from: Seth Otterstad on May 31, 2013, 12:13:39 AM

A proof-of-work or proof-of-stake system are the only known ways to stop someone from running a lot of client peers or hatchers in a decentralized system in order to block transactions or double-spend. I do not see any new solution to the Byzantine Generals problem in your answers.

proof-of-work = all the rich people control the damn currency!
proof-of-stake = all the rich people control the damn currency!

damn it, there has to be a way to guarantee an even distribution of control over transaction processing! But the only other way I can think of is if you could verify that every node involved in the verification of blocks is in fact a separate individual!

feeleep

legendary

Activity: 1197

Merit: 1000

I am in

Visin

sr. member

Activity: 436

Merit: 250

CryptoTalk.Org - Get Paid for every Post!

looks like a solid bet to me Wink

digit

legendary

Activity: 1672

Merit: 1010

count me in

timeofmind

member

Activity: 84

Merit: 10

Quote from: Seth Otterstad on May 31, 2013, 12:13:39 AM

A proof-of-work or proof-of-stake system are the only known ways to stop someone from running a lot of client peers or hatchers in a decentralized system in order to block transactions or double-spend. I do not see any new solution to the Byzantine Generals problem in your answers.

Or a system of "elitist" "miners" who have to share the work cooperatively, like I proposed here:

https://bitcointalksearch.org/topic/trustcoin-follow-blocks-in-blockchain-that-are-approved-by-known-signatures-220513

But nobody seems too pleased with that idea... :-(

Topic: [ANN] eMunie (EMU) - NOT a BitCoin fork/clone - call for beta testers - page 26. (Read 78405 times)