What do you think of Chronologic (proof of time) ?

C The Saint

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Quote from: Fantum on August 08, 2017, 12:37:23 PM

The creator of eos was talking about this concept. He says in the future bitcoin will be used exclusively as proof of time, and will underpin all blockchains, so if you hold bitcoin in the same place for longer the more it's worth because it's easier to check its proof. I think he is working on this in eos right now. He was talking about it on a recent worldcryptonews podcast

Do you have a link to the creator of Eos talking about proof of time?

dimatu

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it will interesting to see how chronologic will work concretely, i like to see new options. It's like fresh air

monsterer2

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Quote from: Fantum on August 08, 2017, 12:37:23 PM

The creator of eos was talking about this concept. He says in the future bitcoin will be used exclusively as proof of time, and will underpin all blockchains, so if you hold bitcoin in the same place for longer the more it's worth because it's easier to check its proof. I think he is working on this in eos right now. He was talking about it on a recent worldcryptonews podcast

He is sadly mistaken if he thinks a trusted execution environment is the solution to trustless consensus.

Fantum

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The creator of eos was talking about this concept. He says in the future bitcoin will be used exclusively as proof of time, and will underpin all blockchains, so if you hold bitcoin in the same place for longer the more it's worth because it's easier to check its proof. I think he is working on this in eos right now. He was talking about it on a recent worldcryptonews podcast

monsterer2

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Quote from: findingthemoon on August 08, 2017, 10:45:04 AM

PoW isn't really precise at measuring time due to the luck factor. According to their whitepaper they are initially an Ethereum token but are developing their own platform as well.

On average it is fairly precise.

findingthemoon

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Quote from: monsterer2 on August 08, 2017, 05:05:29 AM

This is stupid. It's just a token on Etheruem, not a true currency. Their consensus is Ethereum's consensus.

Furthermore, PoW is already a proxy for unforgable proof of elapsed time.

PoW isn't really precise at measuring time due to the luck factor. According to their whitepaper they are initially an Ethereum token but are developing their own platform as well.

dimatu

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Quote from: Tipstar on August 08, 2017, 04:06:52 AM

POS (Proof of stack) is too chronologic. It determines the reward based on amount and time. And the wallets open.
I don't see any other way fro POT (proof-of-time) to really work.

I read that it actually IS based on time to forge new tokens, not on blocks. Unix time or something., it is definelty not same (unless scam ??)
we have to see when contracts is out

monsterer2

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This is stupid. It's just a token on Etheruem, not a true currency. Their consensus is Ethereum's consensus.

Furthermore, PoW is already a proxy for unforgable proof of elapsed time.

Tipstar

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POS (Proof of stack) is too chronologic. It determines the reward based on amount and time. And the wallets open.
I don't see any other way fro POT (proof-of-time) to really work.

Orrechorre

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I am not a bad new carrier but i will have to say something since you asked for other people's opinions; there is a project that came before chronologic that has a similar concept and probably a better reward due to huge community base; the project is called Timereum; the token was distributed through airdrops.

The airdrop have ended though.

dimatu

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I revive this topic. I am interested in it too, i bought a full timemint and can see good potential in it. the team seems ok and i like what i saw in their slack so we shall see how it develops !

CrowdFunder

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bump, would be cool to see other people opinions, there was some stuff I wondered about that got answered in their thread but still thinking about it

CrowdFunder

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So I have been looking at a project called Chronologic

They are using a new idea called proof of time to mine new coins. It is different from anything I’ve seen so far and seems to have real use cases.

I like the idea and the project looks quite professional but I am curious to hear what others think about it before I decide to invest or not.

btw the link to their btt is : https://bitcointalksearch.org/topic/annchronologic-proof-of-time-token-on-ethereum-2051671

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