FTC's future
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I like the sound of dpos. Its looked at what’s happened with centralisation due to ASIC’s and decided to bake centralisation in from the very start but at a fixed scale of 101 delegates.
I do have a couple of questions tho if anyone knows the answer it would help me a lot.
What makes these 101 delegates any more trusted than any other? They have to pay a fee but its still quite small.
What is stopping someone creating a botnet of voters for their own 51/101 delegates. Is this the equivalent of a 51% attack.
I’m surprised that the pow solution was trying to eliminate the need for trust and the Byzantine generals problem.
This solution does however seem to fit perfectly into the banking sector.
What makes the delegates “more” trusted? The fact that they’re delegates means that they’re the ONLY ones who are trusted. The question then becomes: Who do you trust? This works because your trust can be revoked and redistributed at any moment.
What is stopping someone from creating a botnet of voters? Coin ownership. You must own coins to vote. That’s why it’s called DPoS, because you still have to have a stake to vote. Yes, this would be the equivalent of a 51% attack if you owned 51% of the coins. This is no different than a PoS 51% attack.
The distributed consensus problem which was solved by the PoW solution IS a solution for the Byzantine general’s problem, a problem thought unsolvable with less than 2/3rds trusted actors prior to HashCash, where the PoW solution was first seen. Prior to that the best known solution was a 66% solution, or two thirds trusted actors. With the PoW solution, they dropped that number of 51% instead of 66%. You can’t eliminate trust, you still have to trust that 51% of the network is uncompromised, but this is a improvement over the previous solution which required 66% of the network to be uncompromised. There’s even whitepapers detailing in great detail why you can’t solve the Byzantine general’s problem with less than 2/3rds actors… apparently Satoshi never read that one, or at least if he did he went, “Ok, but what if THIS assumption was wrong…” and the result is Bitcoin.
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I’ve done a little straw poll over at Bitcointalk and general consensus seems to disagree with changing hashing algo, coin supply and pow/pos switch.
I must say I agree but the last commenter has a point. Why don’t we just fork the coin and see if these new algo/supply choices work out better than Feathercoins.
I think this is actually the best option.
Sorry forgot to add link to poll.
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link?
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I must say I agree but the last commenter has a point. Why don’t we just fork the coin and see if these new algo/supply choices work out better than Feathercoins.
Sorry forgot to add link to poll.
if a dev really wants to make a few changes he should just fork his own coin into a new one and initialize it with the blockchain from his original coin. that way his investors can decide which route to follow.
I got butchered for that idea on slack…
In fact, I started with that idea.
That was the dual fork idea. But it was decided that it showed division.
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I got butchered for that idea on slack…
In fact, I started with that idea.
That was the dual fork idea. But it was decided that it showed division.
As usual, the gears of progress ground to a halt before they can even get turning.
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I’m just a little miffed that its ok to talk about this stuff now yet I coped so much flack for even bringing this stuff up.
I stand by either ftc leaves its inflation or we stop production. That’s it. Anything in between is just pointless.
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Actually. I’m annoyed at myself for deleting my own posts and hiding my own opinion.
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I must say I agree but the last commenter has a point. Why don’t we just fork the coin and see if these new algo/supply choices work out better than Feathercoins.
I think this is actually the best option.
I suggest that, and I’m publicly lambasted, insulted, verbally abused, accused of all sorts of nefarious intent, and made to feel completely unwelcome.
Some asshole on a random post suggests it, and suddenly it’s the best option.
[Edit: Text partially removed as it violated forum rule: Section 1, Rule 3]
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Embodiment is the key word here. I’m in kevlars boat. I feel like a fool suggesting ideas. Been beaten and shot down. Almost splitting the community down the middle, and now all of a sudden this stuff is ok to talk about.
I’m not angry at the staff/team/community/investors or anything like that. I’m just running out of energy and I have to be up till crazy hours of the morning to be able to discuss things with people. I get tired and say stuff i regret. I start second questioning myself and I’m starting to feel like a great big hypocrit
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I think we can do it in small steps, first go to hybrid POW + POS phase and give people time.
Our lead developer (Lizhi) is also in favor of this idea.
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It was fine when you suggested it. I just disagreed at the time. So shoot me.
I’ve read more and listened to more of your ideas and all I’m saying is maybe you were right.
I don’t see how I’m always the bad guy here?
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At the time I thought the status quo was an option. I now realise that its not.
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It was fine when you suggested it. I just disagreed at the time. So shoot me.
I’ve read more and listened to more of your ideas and all I’m saying is maybe you were right.
I don’t see how I’m always the bad guy here?
nononono
Not you. not anyone
Please give me a moment. I’m doing a tell all right now. ill have the post up very soon
Kris you are one of the many briliant minds which prevented me from pushing ftc in the wrong direction. that was not targeted at you. Kevlar was merely makeing an anolgy? Its late im lacking words when i rush them.
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I’m going to be strait up here. I am so conflicted it is destroying my sanity to a degree. You can call me a crackpot. Nutjob. Unstable. Not fit to lead anything but it makes little to no difference to my personal goals. I feel like ive been lieing to the community for a long time but if one digs through the history here, you will see hints that I want to destroy all money. Crypto’s have a place for now though. Also, Feathercoin is the best community I have ever been apart of. Period. The people here are fair and stable unlike myself at times when I get tired. I’m in the wrong part of the world to be a project manager for ftc. This is a more detailed post on what I self censored earlier on this evening. So please read on, let me explain my disposition and I pray in the figurative sense people understand my words as the following could be digital suicide.
I am a Venus Project supporter. Let that be known from now till the end of my life. Which I hope and plan on it to never end.
I left the Venus community before it even began because I knew there was a missing link. But a few years later I discovered that missing link/stepping stone was Bitcoin…
If things are done right, we can replace money and government, then, we could potentially create a world where money is no longer needed and no one is left behind. I know these are my personal motives. And I shouldn’t be pushing them on others as 99% of people fear the concept I wish for. I will gracefully bow out from team if this creates to much conflict. I came here to learn. The team pushed me to become involved so I could learn more. I will never forget any of you.
If it wasn’t for the insanely welcoming community Bush started here, I would have nothing to offer this world. I thank the founding members, and it is to those who came before me, I owe this speech to the most.
So, as some of you may know, I’ve been planning a new coin to test the theories that should never be trialed on a coin that has already been launched. I tried to achieve my personal goals through ftc and I feel as though I will never be able to accomplish my goals as it means breaking up the learning environment created here. That is so wrong, It is effecting my ability to sleep even when I am brain dead tired from been up for 20 hours a day trying to juggle real life with my digital life.
I always saw ftc as an RnD coin. It was a truly remarkable learning experience. In my opinion, ftc always deserved ltcs place in the sun. And still does. Mankind needs money for another 50 years roughly and I think ftc is the best coin for money that exists today provided it continues to show no fear and is willing to learn from not just its own mistakes, but the mistakes of all crypto’s. Unfortunately, some things can not be undone. I think that’s why I destroy myself trying to make my idea’s gel with the coin and the community.
Now. If 99% of crypto’s continue on the path they are going, it will merely be another system of corruption and stifling of human innovation. I believe there’s very little time left in the grand scheme of things before the proverbial mess hits the fan. Wealth can be distributed all it wants, but we live on a planet that has finite resources when its been treated under a free market society. The elite will leave the planet, and Earth will be nothing more then a machine of human labor and disparity.
Feathercoin is but a step away from trialing the governance of the future. Distributed consensus to the highest degree. The Rosetta Stone of the 21st century you could call it.
There will be a dystopian future, or there will be the Venus Project.
Here’s 2 video’s I have recently thrown together that sum up my greatest fears. It is how I release my emotions and transcribe my internal conflicts.
https://www.youtube.com/watch?v=F8G4x4UNfjk https://www.youtube.com/watch?v=t988DW3Ak3k
So. On a final note. There are no words to express how much I feel I have misled and manipulated ftc for my own purposes. And no, I’m not trying to profit from ftc. My investments lay elsewhere. I don’t know how I can proove that I gave away 95% of my ftc, but if anyone can think of a way, I have no issues revealing every ftc tx and every ftc address I hold. I would say I’m speechless but this collage of words is a clear indicator that I will never stop speaking my mind.
I await my judgement as all is fair because I have been deceitful to a degree.
I’m sorry. So very sorry. I love you all, I really do.
Calem John Smith.
No Fear.
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I’d never heard of the Venus project. But after just a few mins research I think it looks pretty cool. I don’t see that it conflicts in any way with crypto or FTC.
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It doesn’t conflict. In fact. It’s a match made in utopian heaven.
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Its a subject I think most people have fought with over the years. No matter how much I like my job I’m not there voluntarily. I have no choice only the facade of choice. Were essentially slaves to our own lives. Unless you can break through into the mega bucks you can’t escape. … or maybe that’s just me.
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is coinpayments.net still going?
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ancient thread
https://forum.feathercoin.com/index.php?/topic/5916-how-to-start-a-movement/
the lone nutters might look silly at first, but if we all get up and dance, be inclusive and accept people as equals… Well… Fun time ahead
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Thanks!
You are welcome. I’ll be curious to hear your thoughts on the service, I’ve not used it since it ‘changed hands’
