Re: PRISMA - Third Generation, Non-Blockchain, New Consensus Algorithm, New codebase
This is actually wrong. This project seems like its run by scammers or copycats. There arent real pictures of the people (just cartoons) and I dont think there was an attempt to even reach out to the Hashgraph guys - just to make a quick buck creating an ICO based on technology that wasnt theirs.
"Small changes" do not make a protocol unique and all DAGs are not created equal, nor are they all similar. I have read the white paper and patents and the innovation of the Swirlds Hashgraph was virtual voting and gossip about gossip. These are actually very substantial innovations and differentiate it completely from other DAGs e.g. IOTA, DAGchain, Byteball etc. It is what allows the Swirlds Hashgraph to have the speed, fairness and security properties that it has. These characteristics make it very unique, which is why a patent was awarded in the first place.
You cannot simply get around innovation / patents with small changes like the people behind this project suggest above. You would most likely still be breaking the patent but that is not even the main problem - the main problems are:
1) By making "small changes" to an innovative technology you didnt create, instead of inventing your own, you are indicating to the market that you cannot be innovative yourselves, because you want a quick cash grab from an ICO.
2) You are launching what is essentially an ICO based on someone else's hard work.
3) You are launching an ICO which could be illegal.
4) If you guys do get into a lawsuit, there goes the value of the project
In summary, you cannot simply make small changes and say see it just looks like other DAGs" and have a new protocol. DAGs have different properties, and the Hashgraph one is especially different. Ask a lawyer and youll see Im right.
And more importantly, this isnt the way legitimate projects work. Be innovative and ICO that. Dont be copycats just trying to get around patents and making "small changes" to a technology that you didn't invent. I would never buy into an ICO like that.
We will be open source and efficient! We haven't copied anything that I know of. There are several bitcoin forks less innovative than what we are doing, thanks for your post. "Small changes" do not make a protocol unique and all DAGs are not created equal, nor are they all similar. I have read the white paper and patents and the innovation of the Swirlds Hashgraph was virtual voting and gossip about gossip. These are actually very substantial innovations and differentiate it completely from other DAGs e.g. IOTA, DAGchain, Byteball etc. It is what allows the Swirlds Hashgraph to have the speed, fairness and security properties that it has. These characteristics make it very unique, which is why a patent was awarded in the first place.
You cannot simply get around innovation / patents with small changes like the people behind this project suggest above. You would most likely still be breaking the patent but that is not even the main problem - the main problems are:
1) By making "small changes" to an innovative technology you didnt create, instead of inventing your own, you are indicating to the market that you cannot be innovative yourselves, because you want a quick cash grab from an ICO.
2) You are launching what is essentially an ICO based on someone else's hard work.
3) You are launching an ICO which could be illegal.
4) If you guys do get into a lawsuit, there goes the value of the project
In summary, you cannot simply make small changes and say see it just looks like other DAGs" and have a new protocol. DAGs have different properties, and the Hashgraph one is especially different. Ask a lawyer and youll see Im right.
And more importantly, this isnt the way legitimate projects work. Be innovative and ICO that. Dont be copycats just trying to get around patents and making "small changes" to a technology that you didn't invent. I would never buy into an ICO like that.
