Topic: Announcing ProzCoin : Proof of Action (PoA) - page 32. (Read 78492 times)

Invested a little.  Lets see how this pans out.

And https://bitcointalksearch.org/topic/m.8689010 as well.

My proposed solution for him applies doubly so for Proz.  Either offer up actual proofs, or remove the word "proof" from your literature entirely.

We have received a TON of new e-mail addresses from people who took part in the campaign.  I thought that's what you were asking for.  Sorry for the miscommunication.

Chris

So, in other words, you're saying that your proof-of-action will offer up no proofs?  We can't even know if the 7000+ number is close to accurate?

See also my comments here: https://bitcointalksearch.org/topic/m.8688520 they apply just as well.

This is not proof-of-action mining at all, then, it is just "we give out coins as we please."  This being the case, you have not actually invented anything new, only created a different kind of fiat coin.  We might as well trade in WoW gold or PPUSD, at least those virtual fiats have established major backers.

You promised me better.  

My biggest pet peeve these days is "proof-of-blah" coins where "blah" is something not subsequently proven by the system. Please don't claim that you have some new proof model if it has nothing to do with proving things.

This is particularly frustrating when the "thing" in question is something that *could* be proven, and when such a system of proof would be a great contribution.  Your project falls squarely into this category.  You could have built an awesome proof-carrying network, and changed the world.  You clearly didn't, despite claiming so.

Oh, and for the record we DID get a ton of spam from Indonesia and Singapore.  As it can be seen in the thread we briefly limited the regional access, but decided that if we let the spammers ruin it for everybody, then PoA wasn't truly being tested.  Now we KNOW where the spammers are, and we can easily prove it if so necessary.  Ultimately, spammers just won't get a payout beyond what they've legitimately earned.  


TECHNICALLY, if we wanted to hold true to the algorithm for the first test run, the spammers won't make ANYTHING.  I feel very bad for the guy though.  He put in a lot of work actually


With legendary tweets like "aqw #prozcoin #PROZ, eeeea #prozcoin #PROZ, l #prozcoin #PROZ" and fantastic quotes like "gg #prozcoin #PROZ, duh #prozcoin #PROZ" how could not want to pay this marketing genius?








Chris

Sorry, there are a ton of questions, so I will try to address as many as possible:

1.  C-cex will determine when trading starts, and we have no control over it.  

2.  Concerning "proof of action" 'proof', we would not be able to prove the users are real without disclosing their e-mail addresses, BUT the easiest way to demonstrate proof is to just check the Prozcoin hashtag on twitter, or check the 58,000% growth on facebook.

https://twitter.com/hashtag/prozcoin?f=realtime&src=hash

https://www.facebook.com/pages/Coin-Proz/506600376128733?sk=likes&ref=page_internal

3. Cryptotycoons will be doing another article about our team soon

4. We will start office hours this week at 12 PM eastern Sunday, Monday, and Friday if ANYONE wants to skype.  Larry.Christopher.Bates

5. We will figure out about translations/bounties this week

6. Shannon Code as our Head of R & D ALSO works as a developer evangelist/head of security for Mastercoin team, so we are very close with their team.

7. Desktop wallet should be released very soon, but as Shannon works for both teams, it is being built for more than just our coin.  Working directly with the Mastercoin team is one of the first steps towards a cooperative paradigm.

Chris

wait for the launch now.

If there are  abounty for translation i will do a italian 

yeah dev we need more translations ,so if there is a bounty for it then many users will do it.

hi dev

also how about some bounty for translations?

we need more translations into other languages.

With the ICO selling out early. When will trading start?

hi dev

how about some articles on coindesk?

I don't want to argue anymore. Congratulations on selling out your ICO.

However, you are either misrepresenting what your attorneys told you or you have very bad attorneys...."brother".

Along with Chris is Shannon Null Code -no joke- Security expert and specialist for Mastercoin

so we have a developer come from mastercoin team?

that's would be great!

I have touched on this before, but I feel this is a most appropriate time to revisit the notion:

"Proof" has a very specific meaning when it comes to crypto.  When we say "proof" we refer to a formally verifiable construct which derives some indisputable claim from some axiom in a readily reproducible way.

How exactly is anything being proven at all, here?  First, you say we have now over 3000 "actions" upon which coin distribution will be based. (over 7000 now?)  How can I verify these actions really occurred?  I see you are using some third party service to track actions, does verifying your proof really rely on an axiom of trust of this third party CA?  How does one even go about querying this CA for some certification of these actions?  How do we, from the result of this query, prove that 5000 of the 7000 actions were not actually done by you?

Then you go on to say that many of these >3000 actions are just spam, and will be invalidated.  How can we independently verify the spam-ness of any individual contribution?  How can we validate your invalidation process and be sure you aren't just denying coins to people you don't like, or similar?

The truly novel thing about Bitcoin is that one can prove (independently, quickly, easily, and without any axiom of assumed trust in any CA) that distribution and transaction have both always been done fairly.  When I say prove I mean in the formal sense.  I can run an automated verification over the chain and see conclusively that nothing is amiss, and that no "decider" had any opportunity to make some decisions that might be "unfair."

Please explain to me how I might load your "proofs of action" into my SMT solver and prove constraints can be satisfied.  I'd prefer if this reduction was "pure" and did not require some assumption of validity of some web-service retrieved data, but I'll allow you the caveat that it may, in this case. (As much as it pains me.  Why you would not preserve each action into an authenticated Merkle structure is beyond me.  We have this science for a reason, use it!)  Even if it does, please explain to me how the proof is to be structured at all.

If you can't represent it in Coq, SMTLIB, or similar formal language and type-check it it simply isn't a proof of something.  If you can't show, as evidence, the math to re-work to draw the same conclusions and arrive at the same numbers, it is not a proven thing.  You repeatedly refer to proof-of-action as an algorithm, but I see no way to fully codify it, putting it outside of the realm of that which is algorithmic.

You call this proof-of-action, please demonstrate your provability.

Full disclosure: I do own some ProzCoins.

source: http://thecoinfront.com/want-to-get-paid-to-learn-about-bitcoin-theres-an-alt-for-that/


Want To Get Paid To Learn About Bitcoin? There’s An Alt For That!



News about Mastercoin has been slow lately, but a new second generation crypto asset built on top of the Mastercoin protocol might be about to change that.

Mastercoin, alongside NXT, counterparty, and Ethereum, seeks to expand the possibilities of Bitcoin beyond just a non reversible payment system.

For example, decentralized stock markets could emerge, which would be verifiable by the blockchain and ruled by cryptography, not NASDAQ or the NY Stock Exchange.

Patrick Byrne -CEO of overstock - believes this could eliminate some serious flaws in the world of high-stakes trading.

Decentralized stock markets however are just one of many possibilities opened up to us by second generation crypto currencies, or "Bitcoin 2.0".

Another , perhaps more tangible example is Prozcoin, a second generation asset that wants to pay you for learning on Khan Academy or Coursera!

Its first agenda however is to pay people to learn about blockchain tech. Or anything else related to the Bitcoin technology.

Meet The Team
Chris Bates, with an M.S. in Telecommunication from IU, is a developer and entrepreneur extraordinaire. If you recognize that name, it's because Chris is also an occasional contributor to The CoinFront, beginning last March.

Along with Chris is Shannon Null Code -no joke- Security expert and specialist for Mastercoin, are two of the core devs of CoinProz. And these two have some big plans for the project!

So How Does It Work?
Prozcoin is an asset on top of Mastercoin. As such it does not have the security problems of new altcoins, since all Mastercoin assets are secured by the Bitcoin blockchain.

Where they stand out though, is in their development of a new algorithm that will measure social media engagement on any platform on which it's integrated.

It is called Proof of Action or PoA for short, and their forum coinproz.com will be the first of such smart social media sites. This is where users will have the opportunity to earn prozcoin rewards based on their participation as both students and educators of blockchain tech.

Yup, the opposite of any school you've likely been to, this guys will actually pay YOU to learn!

Proof of Action may in the future be adopted by other social media platforms that seek to implement its innovative reward structure, and this is without a doubt what the team is aiming for. Users would be rewarded based on educational content they submitted, the views it got, the comments it inspired, and the quality of each.

This would be a largely decentralized operation with one particular exception.

Quality as of now would be double checked by admins, to prevent what is called a sybil attack. This sort of attack is common on Twitter, where you can get a thousand fake followers for $11. Robots retweeting hash tags are common place, which would dilute the quality of its reputation system.

To further protect from sybil, identity verifications systems may be placed such as Onename.io linking you to your social media profiles etc.

Onename.io is a a kind of domain provider hosted on the namecoin blockchain. Users can link one name and bitcoin address per email and link it to their social media for free - go get your name before its gone!

Coinproz will be accepted by 5 businesses from the start, including Cryptoshoppers and Elblaus Design.

The initial Coin Offering
In the relentless spirit of innovation, Coinproz has no traditional ICO phase. Since it lives on the already very secure Bitcoin blockchain, it is not concerned with incentivizing mining with block rewards, nor any other kind of security scheme. As such, development can utilize a much larger percentage of the whole currency... if you know where this is going, breath deeply.

Out of the 100 million Prozcoins that can ever be, 20 million have been on sale for the past few days. The current ICO sale is on C-cex and its selling like ganja at a Bob Marley concert.

Another 20% will be used to give a "likely unnecessary but extra reward to miners" as well as fund the PoA users. Both of these rewards are scheduled to last over 3 years.

The remaining 60% will be held in escrow by either C-cex or Bittrex. 10% of it will be distributed to founders of Coinproz over 3 years, and the rest will be held for further development of Coinproz technologies. Some of these including smart hardware, details of which have not been revealed yet.

Further details over the terms of this escrow agreement will be released over the next few days. So keep an eye out!

For now, check out their website, read their white paper or follow them on twitter @Prozcoin to stay posted!

Chris Bates will have virtual office hours on skype from 12pm to 3pm est, Mondays, Fridays and Sundays. Add him on skype at larry.christopher.bates.

looks like the last 10btc worth got bought in a single trade. someone has faith in proz for sure.

this coin is very innovative, just brought somecoin.

also dev,

1 will we have a wallet for prozcoin?

2 when will launch this?

3 how about list this on bittrex?

thanks

The great thing about how our model works if you can earn PROZ easily by participating in the community. Don't fret anyone, there will be plenty of ways to accumulate PROZ in the future.

It's funny that many people were complaining about the ICO and raising concerns like "Developers get 80%, ICO only 20%"  But it's more like everyone in the community gets 70% either bought or earned, and us Developers have to wait 3 years to get our coin....

Just so we are clear, the only PROZ held by developers / owners was purchased out of their personal funds. the % set aside for owners needs to VEST, which will be handled manually, or when I get a chance I'll make a DApp that will handle distribution.