Quote from: ceti on April 07, 2016, 10:21:05 PM

Quote from: TanteStefana2 on April 07, 2016, 05:09:53 PM

Quote from: ddink7 on April 07, 2016, 01:43:05 PM

I was the author of (most of) that article, and I'm sure Evan won't mind me sharing his full comments, from which I extracted the relevant quotes:

Quote

Me: "Could I get a quote from you for the article, something about how the dev team views the development of ASICs, etc.? If it is your point of view that ASICs, subject to the decentralization that you are working on, are a good thing for Dash, it would be a great contrast to Charlie Lee's comment two years ago that 'Well, we could change our algo but it'd be really hard to do, so why bother?'"

Evan: "When creating Dash originally, we wanted to create an atmosphere of innovation in the mining arena over the course of many years. This includes the first CPU miners, then GPU miners, FPGAs then even ASICs. We believe X11 did exactly what it had intended to do in this respect. As far as our opinion of ASICs overall, we believe there is no better possible technology for our network to be secured by. One thing that is not well understood in the space is the masternode network's quorum system relies heavily on the entropy generated from proof-of-work, this makes them an ideal source of security. The only concern with ASICs is due to the centralization risk that has occurred in Bitcoin and Litecoin.

Me: "There have been rumors that the dev team has an idea to combat the centralization risk you speak of. Do you care to elaborate?"

Evan: "The centralization risk comes from a problem with the alignment of incentives. These issues boil down to just a few problems in proof-of-work. Issues such as privately mining with bleeding-edge hardware before it's publicly accessible, mining at extremely low/no electrical cost and utilizing free labor. When combined these three issues become a powerful efficiency margin between you and your competitors, creating only a few places in the world that can compete on an even playing field. We have a plan to re-align these incentives under a new proof-of-work model which incorporates X11 and ASICs."

So Evan has a plan that will eliminate the centralization risk while retaining the network security that ASICs provide. Before anybody asks, I have no idea what he's planning.

OK, so when you think of these issues:
1. privately mining with bleeding-edge hardware before it's publicly accessible
2. mining at extremely low/no electrical cost and utilizing free labor.

And the fact that we know this is the issue he has primarily been working on since coming back from the Satoshi Roundtable (a trip that inspired whatever it is he is doing) and the fact he said he's been finishing up ~ 5000 lines of code and is compiling... and he says he found a "neat way" to create a decentralized (business?) incubator... leads me to think that the budgeting system may incentivize businesses in the mining field and ASIC manufacturing field? But the following quote:

"When combined these three issues become a powerful efficiency margin between you and your competitors, creating only a few places in the world that can compete on an even playing field. We have a plan to re-align these incentives under a new proof-of-work model which incorporates X11 and ASICs."

leaves it so up in the air, I still can't see the whole picture.

Dagnabbit, what in the world could this solution be?

DASH powered Kick-starter.

DASH funds held in escrow for start-up projects and then released by the blockchain on meeting fund raising milestones..

If you help in funding a project, you also get voting rights that go towards governance for decision making, change in project scope, allocation of funds and much, much more(tm)

would work for crowd and private initiatives. e.g. might be just one angel investor that would hold all voting rights for governance or a crowd funded start-up with 50k people participating.

All powered by DASH

my two bobs

You're on the right track! Imagine instead of just proposals and contracts, we also have category, group, user, company, project, project-report and project-milestone. Then the governance system (what was previously the budget system) will explicitly have a system for tracking what's happening in our economy that we're funding. Imagine the system knows when reports are due, if companies are behind on their milestones...etc. It's the autonomous part of our decentralized autonomous organization. Next we fund other DAOs into existence. I think we'll be able to manage thousands.

This whole structure I'm building is done using a self-referencing tree, so we'll have companies, that can own companies, that have people working for them. These are also the same users for evo, parts of this tree can be flagged to be stored in DashDrive instead of our governance mempool.

This is a huge upgrade by the way. If I'm going to touch the budget system, I'm going to make it as perfect as possible before we continue on. This is a vastly important part of our system.