Post
Topic
Board Altcoin Discussion
Re: I've compared Syscoin, Bitbay & Particl - Decentralized Markets Comparison Table
by
sidhujag
on 11/11/2017, 02:21:27 UTC
http://peg.syscoin.org/

Syscoin also has price pegging ready to go.

 Cheesy

You mean the 'price tracker' they have named as a peg to try and defuse Bitbays real Peg.

Syscoins is a price tracker which Bitbay have had 16 months . .
Yup ive completely removed any dependence of any tracking or rates information from the core and made it a UI problem like it should have been. Bays price peg is really innovative but in my mind ruins fungibility which core component of a currency. My idea is to simulate the bond market used in todays monetary policy toolbox to create the incentives for stability. The longer term bonds will pay out more but at any time you can still move your coins they are not locked so you retain fungibility of coins whilst still enjoying roi on balances at the same time as providing the security of the service layer that masternodes give above the pow chain. Truthcoin paul made a nice paper why pow is cheaper than anything else but came to a realization that a pow chain acting as an adjucator to a bonded validation(pos) system providing service is probably the best form of blockchain we can evolve to today. Spectre is also an interesting approach I am persuing which is dag but has many other problems. By providing roi and using a quorum of validators to validate services we can do some cool fucking things that were never possible before in a scalable way.

Anyways zero knowledge auth is something sys has that was overlooked here.. its not something that any other coin has its a design decision and development around that design to create a user centric service layer where you can imagine you will login trustlessly to a web portal without even needing ssl and auth transactions and have visibility of ownership of services of those identities logged in. The work in the microsoft DIF partnership is being leveraged into our distinct user identity solution which will provide zero knowledge attestations of user characteristics aswell as following the DID spec to standardize how onchain identity should look like. Anyways I guess the world will just have to see. I have this vision and im acting it out for a few years.. its been a long haul just like davids work but im fairly close now to having all the pieces fit together like a puzzle.

My next big puzzle is how our next gen (version 2 of our bonded validator with blockchain based bonds as monetary policy using the pow chain as an adjucator) will affect all of our services today. Id like to move them over to our pos services layer if possible but they are very specific and efficient smart contracts that are coded into. For any investor reading. It is a good choice either way bay or sys both have great development teams and much better than these latest ICO scams.