Topic: [ANN] [IDISNEY] Disney Coin - page 20. (Read 73020 times)

INTRODUCTION

A fully decentralized ecosystem requires a solution for the identity problem and for a Knowledge Base problem*.
I believe that Satoshi Nakamoto architecture of the bitcoin protocol solved the issue of information sharing for the simplest form of information, that which can be express as a unit. However all other types of information, thous that we consider as having a content thus a complex meaning, can not be validated as "true" using such a simple protocol.

Smart Contract which tries to take the blockchain to the next level of complexity fail the decentralized test based on the restrictions rooted in Gödel's Incompleteness Theorem and its implications on a Turing machine. In order to overcome this restriction we must establish a Knowledge Base system, linked yet separated from the platform that forms and execute contracts.

It would be useful to view the different platforms similar to what we know as Separation of Powers. Using this analogy, the level that create the Knowledge Base is the Parliament layer. In a decentralized network this means each user is represented by his username in any vote. the miners of that level are required to agree on the votes count as well as the "topics" presented for votes. Eventually  each block will represent the state of KB. That state will act as The Truth for the upper levels to consider, while every dispute between users as well as a logic based halting issue will be pushed down to this level (2nd level) to be resolved using the voting configurations available at the protocol of this level.

However a decentralized system faces one fundamental problem that without a solution would never succeeded. The configuration of a decentralized identity. There are many aspect to this issue but the most crucial one is the unification issue. In fact all we need in order to define an identity is a record of the actions taken by that identity. Thus in order to satisfy this requirement, a fully decentralized network must establish a blockchain of root identities. Such that would act as the root for any acting entity in the levels above,The KB/voting 2nd level chains and the assets like the bitcoin blockchain or smart constructs 3rd level chains.

The solution that I proposed here is a root chain that can do only two things, register a root name (first name) and timestamped it. thus both the timestamp and the letters of the name gives is its unique name. Much like the double spending restriction enforced by the protocol and miners , no two names (same letters in same order) can be register at the same block.

This root chain (which I named Birthchian) give birth to names which all acts as potential "genesis" blocks  for a side chain for all possible future chains on level 2 and 3. Chains on level 2 create the KB and act as the voting platform. The names on level 2 also forms the reputation of the root-name. A root name can create as many 2nd names as it wishes, but all activities of these names are summed up to establish a unified reputation score associated with the root name. Chains on level 3 are the asset chains and smart contracts chains, that level represent the actual asset value and commitments of the root-name.

The 4th level will allow for a root-name to create a new root-name independent from the entity that created it (the human that create the root name or that control the bot that create a name and operate it on level 2 and 3) . This 4th level as I can understand it is a direct result of the decentralized structure of the three levels as described above and will be formed naturally. Once activated and stabilized, it will mark the actual beginning of next stage in the evolution of life itself.  

*Governing also considered as a major problem but is not a fundamental issue in a decentralized system which present a solution for identity and KB.

Someone already beat her too it...

https://www.nzmint.com/coins/coin-collections/disney-coins

What an old project suddenly surfaced. I am sure that the Disney company is completely unaware that they have their own token.

 

There are many reasons and the main one is that it was and still is ahead of its time. Both in terms of the art concept and the economic paradigm that it tries to convey. Also it is created in a way that the artistic value is the real value of the coin . There where a few ways to go about increasing the artistic value but I chose to let things evolve while keep doing my work.
And as things evolved it is now reaching a very interesting phase in which I am about to introduce a solution to the Holy Grail of life's technological enigma. In other words the logic by which life is created.
In fact I am quite convince that it is the same quest Satoshi Nakamoto was after when leaving the bitcoin project and moving onward.
I hope that once I reach a good description of the main architecture of the project he will help take it further to the actual programming. Him or anyone else pretending as him.   In any case I have already created the character just in case.  

such an interesting presentation and a great name that everyone knows! team, why is the project standing still and not developing for such a long time?