Quote from: Este Nuno on August 20, 2014, 02:46:23 PM

So if I'm understanding right you plan to do a hard-fork of the Bitcoin, Litecoin, Dogecoin, and Namecoin blockchains? How does that work exactly? People will have their balances from their original blockchains on your CPoS forks as well?

Has this ever happened before? Is the intention to lure people over to these new networks where their balances are duplicated?

It's an interesting idea, that's for sure.

Yes, these will be four premined altcoins, in which users will find their coins present if acquired before the date of the fork. The fork simply copies the original blockchain at a certain announced moment in time, then creates new blocks without effort according to the coin's specifications, e.g. Bitcoin - every 10 minutes. In CPoS, geographically dispersed, redundant full nodes take turns creating new blocks as a certain nomadic software agent periodically migrates from node to node. Non-generating nodes replicate and verify the canonical blockchain. The core code for each altcoin, e.g. bitcoind for Bitcoin, is run as a slave by CPoS which provides the encrypted and authenticated network (TLS/SSL) between nodes.

My goal is to ultimately persuade users to migrate from the original coin networks to the respective CPoS networks by virtue of customer service, improved performance, e.g. effectively immediate confirmations, and 100x lower fees. Wallet and service owners should be able to reconfigure their seed node addresses to join the CPoS network.

By design, CPoS does not have the well known vulnerabilities of Satoshi's Bitcoin, e.g. 51% attack, Sybil attack, Finney attack, lost transactions, miner-ignored transactions, selfish mining, partitioned network, etc. Rather CPoS has a set of new to-be-found vulnerabilities because the Texai code base has never been used in production. DDoS attacks will be mitigated by paid-for DDoS traffic filtering at each full node. Best-effort volunteers operate the existing PoW networks, whereas CPoS operators will be paid professionals.

I expect CPoS altcoin prices to be very low at first, growing in proportion to the square of their respective transaction quantities. As the the CPoS altcoins grow in value, the system be able to keep pace with transaction growth by adding more paid-for full nodes. I would vet the first operators, prioritizing system administrator and data security skills. I suppose monthly payments of $5000 in coin should suffice to attract the talent CPoS needs to provision the specified hardware and bandwidth. As block rewards grow with price increase, the CPoS system would pay C++ developers to join the Bitcoin Core team. I believe, for example, that blockchain spent transaction pruning as proposed by Satoshi would be a valuable contribution by CPoS to the cryptocurrency community.

The Texai cognitive architecture should become a compelling platform for third-party application development, as the various Java software agents will pay each other with bitcoin microtransactions for micro-services rendered, and will pay each local operator for the agent's fair share of the infrastructure.

https://bitcointalk.org/index.php?topic=584719.0