Re: POW - did it attract new interest in crypto and have ICO's killed this off?
I am quite confident that after my whitepaper is released, PoW is dead.
Research and interest will turn to my design as the future of "blockchain" consensus ordering.
The remaining need for PoW after my whitepaper is for an objective means of distribution of the initial money supply. But I also plan to introduce an improvement on Steem(it)'s onboarding distribution paradigm, which I argue is more objective than both of those.
Here is one of the many new technologies you will read about in my whitepaper: Proof-of-non-existence.
I am not joking. And I am not exaggerating nor a bullshitter. Sorry I wish I could release it today for critique, but the implementation is not yet ready. The whitepaper is basically done: 20,000 words, 300+ paragraphs, and 124 cited references thus far.
Sub-second (speed-of-light) instant "confirmations", unbounded scaling, no winner-take-all power vacuum centralization, ameniable to any form of transactions such as smart contracts and even user upgradable transactions without even a soft fork required, even transactions that never go on the blockchain yet are confirmed on the blockchain for the ultimate in privacy and censorship resistance, end of Gresham's law combining both a deflationary store-of-value with a currency, much better scaling, decentralization, resiliency attributes than Graphene DPoS (Steem), etc..
Basically the dream is upon us. The near to Holy Grail.
Kiss your Blockstream side-chains and Lightning Networks shitcoins goodbye.
Research and interest will turn to my design as the future of "blockchain" consensus ordering.
The remaining need for PoW after my whitepaper is for an objective means of distribution of the initial money supply. But I also plan to introduce an improvement on Steem(it)'s onboarding distribution paradigm, which I argue is more objective than both of those.
Here is one of the many new technologies you will read about in my whitepaper: Proof-of-non-existence.
I am not joking. And I am not exaggerating nor a bullshitter. Sorry I wish I could release it today for critique, but the implementation is not yet ready. The whitepaper is basically done: 20,000 words, 300+ paragraphs, and 124 cited references thus far.
Sub-second (speed-of-light) instant "confirmations", unbounded scaling, no winner-take-all power vacuum centralization, ameniable to any form of transactions such as smart contracts and even user upgradable transactions without even a soft fork required, even transactions that never go on the blockchain yet are confirmed on the blockchain for the ultimate in privacy and censorship resistance, end of Gresham's law combining both a deflationary store-of-value with a currency, much better scaling, decentralization, resiliency attributes than Graphene DPoS (Steem), etc..
Basically the dream is upon us. The near to Holy Grail.
Kiss your Blockstream side-chains and Lightning Networks shitcoins goodbye.
Well, I would expect most here are saving some BTC powder for yours. BTW, thanks for saving me quite a bit on a couple of other projects I was thinking of going big on (for my standards) and instead decided to make only a small investment on. More powder for others.
Please make it a good release. If you go ICO make it a good one. Although are you are hinting POW could be used with ICO for the initial distribution which I think could work even better
