Topic: The Cypherfunks[FUNK]: a coin for a global band! Talking v2. Join! 80+ songs - page 59. (Read 148746 times)

Here are some interesting, (perhaps useful) articles I came across in the last hour doing research for the Cypherfunks..

Hidden surprises in the Bitcoin blockchain and how they are stored: Nelson Mandela, Wikileaks, photos, and Python software
http://www.righto.com/2014/02/ascii-bernanke-wikileaks-photographs.html

Putting the Blockchain to Work For Science
http://www.b8coin.com/2014/05/putting-blockchain-to-work-for-science.html

It's great while we have such a small, insular user base. I wouldn't like to attempt a relaunch if we had loads of users, exchanges and pools. Hard forks and relaunches are a nightmare...

I like your attitude n00bnoxious.. If there is a will, there is a way. I share your optimism, there IS a way around this.

One nice thing about all of this is it shows us that if anyone did attack and screw up the whole thing, we can always scrap it and start over.. It's nice to know that it's like a sand castle.

I was actually just thinking of HVC... They do decentralised voting, but the incentive is to increase block rewards, so directly tied to their own earnings. Not sure if this financially translates into a voting mech for artists.

Unfortunately Youtube has been broken all day for me so I can't watch the video, but "Who will be able to use bitvote? Any individual that has a computer and a basic set of bioauthentication devices  (iris scan, webcam, fingerprint scanner)" truly terrifies me... All it'd take is for an algo to turn out broken and the consequences could be astronomically bad.

I'm sure there's a way around this...

Interesting, thanks for sharing that. I see they developed their voting system to democratically decide the mining schedule. It seems to work, although it's a bit complicated (to me at least). Although not sure how complicated in comparison to Bitvote it is which seems similar to how it works.

Right but how do we make it a trustless decentralized integrated voting system? Whew, that sounded technical.

I know BitVote has the answer!?

http://bitvote.net/

Project Highlight: BitVote
https://www.youtube.com/watch?v=3iderhH6ttA

Something sort of like that?

I'm tempted to reach out to them to let them know about us at least.

We share sentiments.

  

   +1  

 heavycoin's wallet has built-in dectralized voting for the block reward

                                  

No no no.. No company.. Let's keep it decentralized for sure.. I mean that IS the appeal of this approach at least for me.

The best time to plant a tree was 20 years ago. The second best time to plant a tree is today.

- Nicolas Cary, CEO of Blockchain.info

Awesome :-) I look forward to giving it a read!

Thanks for your thoughts. We are breaking new ground here every day, so we need all the ideas we can get!

I like LTBcoin's approach, but as we previously stated: distribution happens through them. This isn't bad, but it forever means that LTBcoin is dependent on LTB. If we did like LTB, in the case of The Cypherfunks, it means we might have to approach it more as a "company". Do it more in the fashion of Niceplum (http://niceplum.bandcamp.com/). Any proceeds (profit from whatever) goes to owners of the tokens. Except contributions are from anyone, not just one person. I like this approach, and it's worth trying (as an alternative). But I just really dig the decentralized approach. . Much more experimental, chaotic, creative and fun imho.

@nox, soundposition:

Yep. Will get to that somewhere this week. Will post the draft here for feedback. Already started last night.

Nothing wrong with having a white paper.. Although as we can see, people treat us pretty seriously already.

EDIT:  One thing I see we all agree on so far is that the coin in it's current technical state is not living up to it's promises. Furthermore, we need to relaunch the coin. That part seems pretty certain. We're all a little wiser now having had these experiences.

Yeah I'm on board with keeping things simple for now - these are all ideas that can be explored as part of the roadmap (something we will need to produce sooner or later), and our white paper. In order to be considered a "serious" crypto these days you seem to need a fairly in depth explanation of what you're trying to achieve and your conceptual methodologies pre-build.

All good points Simon, a lot of those ideas were just what popped out my head. I agree of course with keeping it stupidly simple at this point, just to make sure we are taking the right steps. I think so far no one thinks PoS is a bad idea. I like LTBcoin's approah to what they call "Proof of Work".. Real work like blog posts, and contributions, not mining.. (Thanks Brady for sharing that!)

I quote:

"LTBcoins will not be mined using algorithmic computations like most crypto-currency. Instead, LTBcoins will be distributed based on a “Proof of Work” concept, in which the “work” will be contributions of valuable content, editorial services, project leadership, tipping, and many other value-added activities that will benefit the growth and sustainability of the network. "

http://ltbcoin.com/ltbcoin-for-new-users

Yep.

A voting system is interesting, but it seems prone to exploitation? ie, in order to be accepted as a contribution, do you go with %50 of votes?

Centralized issuance from an artist pool is also exploitable. Contributors can just create psuedonyms and look they are several people. You don't want to encourage that.

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@soundposition. The problem with systems like hashing files, is that it's difficult to determine what makes it "music". A hash doesn't reveal it. And then you need to start thinking. If you have a file, how can you cryptographically prove that it is music? So, yes. If you have a mp3 of the song you just made: you put it on btproof. If someone in the future uses your song, you can then prove you originally made it. But it is still human *ears* that have to do arbitration. A computer won't know. Or rather, the blockchain can't know.

A possible idea, is to use audo fingerprinting. And that can only be sampled, if played. Something like the number stations: http://en.wikipedia.org/wiki/Numbers_station. This guy has a similar idea. https://bitcointalksearch.org/topic/the-sound-of-a-bitcoin-53371. More experiments: http://www.vanheusden.com/baa/.

If the blockchain *can* know. ie if it sees a file, it can legitimately discover that it is indeed music, it still brings into the question of what you reward. Someone can create a shitty 1 note 10-min song and that will "music". Or a 1 sec blip. It will all look like music, but because rewards are explicitly tied into the blockchain with it, it incentives "attacks" like that.

These are high level theory that's going to be difficult to solve. It's worth a try. Perhaps in the next 5 years someone does solve it, then we can just fork again?

I think for now. Just to get the economics back up to scratch we keep it simple?

btw. New tune from Bucksnot! https://soundcloud.com/bucksnot/see-how-you-are

EDIT:

Damn you guys keep posting. Can't keep up.

Yeah Electrum is a thin client implementation. The issue with this is you need a strongly secured network BEFORE these get put in place. Without the pre-existing network security it hugely damages decentralisation, as these clients basically just steal the information they need to maintain balances, and give back nothing at all except extra network traffic. Even PoS staking secures the network, but without running a full node, I don't think this is possible.


Looks awesome!

It even says on their website:
Musicians and other digital art producers can prove when they created their work.

The Bitcoin blockchain is already too big to download. Electrum figured out how to use specialized servers that index the blockchain:

Instant on: Your client does not download the blockchain. It uses a network of specialized servers that index the blockchain.

http://electrum.qc.to/

It is open source..

Absolutely needs to be taken into account - this could be limited to one vote per address, and a minimum tip value or something. This would de-incentivise abuse because it could become pretty expensive... I'm not sure how we would do this, but perhaps something like KARMX's experimental gold-value-tied sidechain could be somewhere we take inspiration from? It could give a semblance of IRL stability to the tips given as well as discouraging satoshi-spamming...