Post
Topic
Board Altcoin Discussion
Re: IDEAL: no ICOs, no proof-of-work, no proof-of-stake, no governance, and no forks
by
iamnotback
on 16/07/2016, 21:38:18 UTC
...

I am busy first trying to figure out exactly what Bitshares/Steemit is up to. I want to see where they are headed before I get back on my work, because depending on whether they are doing some valid or not, it might impact my priorities and plans.

Why not contact Dan?  Crypto does not have to be you vs me mentality, I'm sure talented people can find common ground and work together...

I wrote about that:

[1]Dan's development group does have considerable coding production. And they have produced functional block chains, functional market driven asset pegs, apparently a functional decentralized exchange, and a DPoS innovation that has some better performance characteristics as compared to Peercoin's PoS. Frankly if they had my design skills matched with their coding production, in an ideal synergy great things could be accomplished. But unfortunately when I tried to discuss with Dan in these forums in 2013, I realized he was incorrigible. Even Charles found that out the hard way. The Mythical Man Month makes is difficult enough to get coding done when the developers are philosophically in sync, but if the developers are disagreeing over fundamental concepts such a PoS versus PoW, then working together would be a clusterfuck of arguments. This is why I haven't bothered to pursue working with them.They are headstrong young guys who want to try their own experiments. They have more raw coding resources at their disposal right now than I do. I am also stubborn about the principles of design that I think I know are valid. So it would pointless for me to work with them. I thought about it last year, then I realized "Just no".

But coding production does not equal success. Just go ask all the startups that have failed. Most startups fail, because getting all those decisions economically, marketing, psychologically, and technologically correct is difficult and requires expertise and experience.


smooth may I ask what is the incentive for you to promote steem? Are you now affiliated with the Larimers?

It is bizarre given when we first spoke about the state-of-altcoins some many moons ago in 2015, and I had stated that maybe Bitshares and Dan Larimer were credible and you tried to convince me that their mcap was all manipulation and to discourage me from taking them seriously.

Now suddenly you jump on their boat and I've noted you stated some where you were able to mine 1+% of the coins during the stealth mining phase.

I respected you and followed your lead to admonish ICOs, premines, instanmines, and I would assume that would include stealthmining launches. But in the end, all this did was mess up my own degrees-of-freedom to make my project come to fruition because I was trying to bend over backwards to find a way to fit into that impossible set of requirements. And now after all that, it ends up you don't even follow your own ethics.

Hey I am happy with letting the altcoin market be free of Sheriffs. So more power to your newly discovered ethics. I just feel slightly jaded for receiving bad advice from you. I am sorry to bring this out in public, and I must presume you have a good explanation. So I'll await to read your take on this. Thanks.

Edit: more discussion: https://bitcointalk.org/index.php?topic=1513252.msg15226165#msg15226165

Basically I am thinking that Dan and I would argue about everything and that he wants to always be in control. I think he would take my ideas and then kick me out of the project, same as he did to Charles.

Also I do not like the type of design decisions Dan makes. For example, the decision to use a quadratic weighting in Steem was done purposefully to cause users to do more work than they would be compensated for. This was a conscious decision to cheat the users. That sort of ethics does not belong in s/w from my perspective. I want to do something to help the users. He is thinking the ends justify the means, but even his expected ends appears to me to be a miscalculation.