Let's Fork Bitcoin To Bitcoin-POS | Bitcointalksearch.org

cryptogeeknext

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Bitcoin trolls back

Quote from: cr1776 on December 28, 2014, 11:14:04 PM

Quote from: J. J. Phillips on December 27, 2014, 08:37:00 AM

Quote from: kelsey on December 27, 2014, 08:10:44 AM

be more entertaining to do it to btc testnet Wink

Give me a plan on how to do this instead and I'll consider it. My impression is that I would have to get new testnet-related code into the code for the main bitcoin client. I could write the code and create a pull request (I guess), but I see no reason why it would be accepted.

It will be more effective on the mainnet if the goal is to put an end to the continual debates about making Bitcoin pos.

Make it a modular change so it can be kept current.

:-)

Debates is what keeps us alive Cheesy

https://www.youtube.com/watch?v=WpMPu5p_QXU

cr1776

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Quote from: J. J. Phillips on December 27, 2014, 08:37:00 AM

Quote from: kelsey on December 27, 2014, 08:10:44 AM

be more entertaining to do it to btc testnet Wink

Give me a plan on how to do this instead and I'll consider it. My impression is that I would have to get new testnet-related code into the code for the main bitcoin client. I could write the code and create a pull request (I guess), but I see no reason why it would be accepted.

It will be more effective on the mainnet if the goal is to put an end to the continual debates about making Bitcoin pos.

Make it a modular change so it can be kept current.

:-)

jonald_fyookball

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Core dev leaves me neg feedback #abuse #political

I would rather see meni's pow pos proposal implemented. is there an altcoim for that?

JohnnyBTCSeed

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IXC, the original bitcoin clone, is an interesting project. There is no inflation. All coins have been released as of oct.

So to sum up, IXC is the twin of bitcoin with zero inflation. Pow after mining has been complete.

cryptogeeknext

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Bitcoin trolls back

Quote from: J. J. Phillips on December 27, 2014, 07:38:37 AM

I'm POW vs. POS agnostic...

They are suitable for different purposes.
You don't want a global money system to be a private enterprise owned by a wealthy few indefinitely.

Time might be better spent analyzing various properties and seeing it for yourself.

SlipperySlope

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Stephen Reed

Quote from: unent on December 27, 2014, 06:58:09 PM

Someone is already working on a PoS coin based on similar ideals to the OP.

https://bitcointalksearch.org/topic/ai-coin-development-diary-584719

Right. the altcoin A.I. Coin is currently alpha testing its Linux core derived from Bitcoin Core, its MultiBit-derived wallet for Windows, and its Insight-derived block explorer. Notable changes to Bitcoin source code involved removing the annoyance of waiting for confirmations before spending recently received funds. A.I. Coin uses a single nomadic mint with a non-forking blockchain. The network parameters are otherwise identical to Bitcoin, 21 million aicoins total, 50 aicoins generated exactly every 10 minutes with a four-year block reward halving. No block rewards are spent on mining equipment nor on electricity for hashing. The network is secured by software agents inspecting each other's tamper-evident data structures and signed activity logs.

A.I. Coin is to be launched in March 2015.

Stephen Reed

BitcoinBoost

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Bitcoin DPoS would at least make sense.

unent

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Someone is already working on a PoS coin based on similar ideals to the OP.

https://bitcointalksearch.org/topic/ai-coin-development-diary-584719

balu2

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can be a starter but it absolutely needs two things:

-a lot of commitement and determination and longterm thinking
-a very good dev team

without these two components will go nowhere.
Running a coin is a fulltime job.

So if you do not have time, willpower and a skilled team do not even start.

goosoodude

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Quote from: balu2 on December 27, 2014, 04:45:00 PM

forking the blockchain with the current state and same privatekeys and adresses could be an interesting experiment. Potentially pisses some people off big time but i like that idea Grin

Technically its easy. Take a snapshot, create a genesis block and fork Peercoin or Bitshares. There is a project ongoing using a Consensus Proof of Stake which aims to see how a PoS Bitcoin can be possible.

Convincing enough people to actually use it is the challenge, and I feel at this time is a non-starter.

kekek

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Kind of a stupid idea, but if you can pull it off go for it.

balu2

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Quote from: J. J. Phillips on December 27, 2014, 03:08:33 PM

Thanks for the responses. It is now clear that I have no ability to communicate whatsoever.

I don't want to launch another altcoin. And I'm not trying to "fix" bitcoin. I just wanted a fork so that people who are pro-POS can go there and stop creating a new thread every week saying "Why can't bitcoin be POS?" As for not making it POS, obviously if it's not POS then it doesn't accomplish that goal.

I looked for bitcoin plus (xbc). Thanks for pointing it out. I had no idea about it. But that wasn't a fork of the bitcoin block chain. If it were, I would have coins in their block chain and would be able to sell them now.

I guess the purpose behind people starting "Why can't bitcoin be POS?" threads every week really has nothing to do with the poster wanting bitcoin to be POS. Otherwise they'd be doing what this thread suggests. It would be easy to do.

Now if you'll excuse me I'm going to do something more productive: drink myself into a stuper and yell at brick walls in broken French. FFS.

forking the blockchain with the current state and same privatekeys and adresses could be an interesting experiment. Potentially pisses some people off big time but i like that idea Grin

Distribution will be nice. Valuation will be interesting.

xbt was a presale back then so that can't be compared with your idea. I like that idea now that i understand it (i hope)

You talking about taking a snapshot of bitcoin blockchain and forking that to pos, right?
If you have a good team of developers you could potentially get some traction with that.

wadili89

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You will only be wating your time. Unless a majority is convinced there is nothing you can do.
Bitcoin is PoW for now and it will stay. It may change in future if the majority wants but thats how a decetralised system works.

J. J. Phillips

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Islam and Nazism are belief systems, not races.

Thanks for the responses. It is now clear that I have no ability to communicate whatsoever.

I don't want to launch another altcoin. And I'm not trying to "fix" bitcoin. I just wanted a fork so that people who are pro-POS can go there and stop creating a new thread every week saying "Why can't bitcoin be POS?" As for not making it POS, obviously if it's not POS then it doesn't accomplish that goal.

I looked for bitcoin plus (xbc). Thanks for pointing it out. I had no idea about it. But that wasn't a fork of the bitcoin block chain. If it were, I would have coins in their block chain and would be able to sell them now.

I guess the purpose behind people starting "Why can't bitcoin be POS?" threads every week really has nothing to do with the poster wanting bitcoin to be POS. Otherwise they'd be doing what this thread suggests. It would be easy to do.

Now if you'll excuse me I'm going to do something more productive: drink myself into a stuper and yell at brick walls in broken French. FFS.

balu2

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look for 'bitcoin plus' (xbt or xbc)

is done already. Failed in summer.
You want to do it again? Seriously?

Your proposition was done months ago and failed miserably.

Triffin

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Good grief ..

We have some +500 alt coins out there now and you want to launch another one ..
Are none of them an 'improvement' on the original BTC ??

Triff ..

yumei

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First don´t name it Bitcoin-POS, name it Bitcoin2

Don't do it completely POS, just decrease the amounts of bitcoins mined per block, the remaining bitcoins should be used for POS to strengthen the network. The amounts of bitcoins produced ever should stay the same.
Create a developer donation system to attract skilled developer. A part of new created bitcoins should be contributed to devs.
Imho we will have a better Bitcoin then.

e-coinomist

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Money often costs too much.

Quote from: J. J. Phillips on December 27, 2014, 07:38:37 AM

Or we can pitch it positively and say it's an experiment. But I'm not going to hide that my main motivation is annoyance.

Just why are you trying to fix a dying coin?

Since the Dev has left, and even Mark "Willybot" Karpelès stopped pumping it, just leave it to die. Try to let loose. Let it go.

J. J. Phillips

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Islam and Nazism are belief systems, not races.

Quote from: kelsey on December 27, 2014, 08:10:44 AM

be more entertaining to do it to btc testnet Wink

Give me a plan on how to do this instead and I'll consider it. My impression is that I would have to get new testnet-related code into the code for the main bitcoin client. I could write the code and create a pull request (I guess), but I see no reason why it would be accepted.

kelsey

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be more entertaining to do it to btc testnet Wink

Topic: Let's Fork Bitcoin To Bitcoin-POS (Read 1562 times)