Quote from: sidhujag on September 12, 2014, 05:42:36 AM

Quote from: SlipperySlope on September 12, 2014, 01:58:35 AM

Quote from: loopgate88 on September 12, 2014, 12:56:30 AM

Sounds interesting. Could I have a link to the whitepaper?

Whitepaper: Bitcoin Cooperative Proof-of-Stake Stephen Reed

Note that the May 2013 whitepaper above describes a hard fork of bitcoin. That cannot possibly happen unless TexaiCoin is successful and subsequently convinces the Bitcoin community that a good alternative exists for the current industrial mining method. Furthermore, the current approach is not proof-of-stake. Now the block rewards are used to pay for network infrastructure, developers and community support, e. g. through institutions such as the Bitcoin Foundation.

I will briefly speak, describing my approach, at the Hashers United Conference in Las Vegas next month on the mining algorithms panel.

You should take to Larimer about DPOS and maybe you can gain insight on a non proof of stake approach working in the field.. or maybe he can learn some things from your approach.. he is keynote on day 3 i believe

I was not aware that Dan will be at this conference. Awesome. Good that the conference organizers are reaching out to altcoins and treating cryptocurrency infrastructure provisioning and operation as an industry segment, e.g. at current prices, bitcoin mining revenue is $1.7 million daily.

I shared ideas with Dan a few months ago and look forward to meeting him in person as well as Charlie Lee (Litecoin), Phil Mayer (Mastercoin), Poramin Insom (Vertcoin) and Vitalik Buterin (Ethereum).