Topic: new consensus method (Read 173 times)

I can't decide if this is really smart or really dumb

How are we supposed to point out risks if you don't share anything?

I read it 3 times, but still don't get it. It sounds like you're comparing financial transactions to production processes, while those are separate parts of the economy.

I have a few questions.

1. What are the steps you need to follow upon executing this consensus mechanism?
2. How do you validate a transaction in a particular blockchain?
3. Does a blockchain have any prerequisites to implement this consensus mechanism?

Also, for receiving better viewpoints, suggestions and everything, you might need to share things like documentation, and implementation of the consensus mechanisms.

Very interesting. I wonder if theres any science behind it or if its pure fiction?

In Star Trek the mycelium network powers the transport at a hypersonic speed much faster than the time leap, in a nutshell they are able to travel unimaginable distances in a single moment.  Obviously we are beyond science fiction but we always hope it becomes reality

Thanks I appreciate the support, I'll try to update this topic when I make it public. Do you know what it's used for in star trek?

It sounds like you have done a lot of research and experimentation in trying to understand the challenges of decentralized systems and how to improve their scalability and consensus mechanisms. Using other decentralized systems in the universe such as genetics, societal norms, and colonial organisms as reference points is an interesting approach. Your idea of using transactions as a mechanism for defining resource reallocation in a consensus mechanism sounds intriguing, and it's good to hear that you have done local simulations and talked to experienced people in the field.
It's understandable that you want to minimize community interactions and reliance until you have a solid solution, and that you want to be careful about how and when you release it to the public. It's important to be mindful of potential risks such as illegitimate dupes that could cloud market trust in a new consensus method. It may also be a good idea to consider the market demand for a better long-term consensus solution before launching it, as it can help you plan accordingly.
It's great that you are thinking about all these aspects carefully before launching your new consensus method, and I wish you all the best in your endeavors.

P.s.The mycelium network reminds me a lot of star trek

I spent a bunch of time building a game on ethereum awhile back and when I discovered all the issues ethereum was having with consensus I became afraid to launch it and instead got real into trying to understand why decentralized systems always seem to always fail at scale. I ended up feeling like I was hitting a wall as I only had so many blockchain networks to reference because they all boiled to some iteration of POW or POS. Thats when I started looking at different observable decentralized systems in the universe because if you look at something like genetics as software its been debugging and optimizing itself for way longer that anything we've built. Things like societal norms, government, fungus, particle based physics, colonial organisms, etc. there were just so many reference options. I started playing around with different locally simulated p2p networks that I based off some of these systems to try and understand how they work. Thats when I realized that the transactions in an economic ecosystem advance state of an economy similar to the way environmental nutrients is used in fungal mycelium to advance its next physical state(mycelium uses the nutrients to grow in a way that optimizes nutrients access in the next state thus creating a cycle of continuous environment based optimization). Using this concept as a new base mechanism for fuelling consensus I started working on a consensus method that uses transactions as the mechanism for defining resource reallocation. At this stage I am fairly confident that the general consensus works as I have done multiple local simulations and talked to a few people I know who are fairly experienced in the field.

Regarding why I haven't publicly discussed it, during my time working on the ethereum project I dealt with so many scammers and dishonest people that it made me want to minimize community interactions and reliance until I felt I had a real solution. Im also still feeling out how I want to release it as its very important to me that its launched properly distributed and decentralized. It seems that many of the potential risks with bitcoin go back to the way it was launched and initially distributed. I'm mostly just testing the market to see what demand is like for a better long term consensus solution so I can plan accordingly.

If I make too much public too early people can start making illegitimate dupes which I feel may cloud market trust when it comes to trusting a new consensus method.

and thanks ill check out matrix

I haven't got it yet, though: is this like private stuff? Academic work? If you have an idea, about a new consensus mechanism, which you haven't discussed yet, probably talking about it is wise choice.

Discord isn't pro-privacy, and never was since my registration. How about matrix?

Okay sounds good I will post the white-paper in next couple weeks once I have further tested the reference client. In the meantime for discussing more technical details I would rather not do it in public forums with the amount of fraudulence currently on the market. In the past discord was great for private communities but no one trusts invite links these days so is there a more trusted alternative?

Unless it's private: in this topic.

Any downloaded or readable link that can be accessed without logging in, preferably in PDF format.
A more technical explanation of what you're trying to do will be better, and increase the chance that more people will be interested in your idea.
Adding more general words will not increase the chances of interest in your project.

where would you recommend posting this paper?

A paper explaining this model would do good.

in the midst of working a new type of decentralized consensus modelled after the way mycelium processes nutrients. It treats the network like a living system with transactions acting as network nutrients. Im looking for people who are able to point out potential security risks I may be missing before I make the network live.