Quote from: iamnotback on November 24, 2016, 07:45:05 AM

Quote from: chisoban on November 24, 2016, 06:40:29 AM

Quote from: iamnotback on November 23, 2016, 08:25:28 PM

Quote from: smooth on November 23, 2016, 08:15:56 PM

Guys, I had and have literally nothing to do with the design or implementation of busy.org. I donated some money to them to finish development because they had what looked like a solid team and good progress but not really enough funding to keep going. I've also give them some advice but primarily on organization and funding. Most if not all of the concepts and vision for busy were in place and even partially implemented before I got involved with it at all.

So i don't know what this comment about stealing ideas is about (I didn't read all the past messages) but certainly nothing like that happened with busy. Though I will say if these 'ideas' involved posts on bitcointalk that is certainly going to be fair game in practice; anyone can find those with a web search.

Thank you @smooth for the clarification. It was only speculation on my part and you have addressed it. My apology for being too paranoid.

I am all for many competing experiments, so best of luck to them.

Can you confirm whether their project is for the Steem blockchain or whether they are considering splintering off and making their own fork of Graphene? Or is that not to be public information for the time being?

Perhaps the drop from 104 to 13 weeks cashout has the potential of concentrating the money supply more (whales who stay can accumulate dumped tokens) and also splintering the ecosystem as some whales can cashout to finance other competing blockchain forks. I would think though that everyone must understand how difficult it is to onboard a sufficient critical mass of users, thus splintering is suicidal, unless it offers some key advantage that is drastically improved in terms of onboarding.

@iamnotback
i can confirm it's on the Steem blockchain. The idea of a fork was considered but i do believe it's more easy (and still possible) to take some power on the Steem blockchain and impose certain enhancement and benefit from an existing community and supports

Well it can't hurt to start off building your apps on the Steem since that is where the audience and exposure is for the moment, then you can keep your options open in terms of the future. For example, if I am true to my word and end up offering a blockchain that fixes the following egregious problem of DPoS, perhaps you all might want to consider your options at that future time.

Quote from: @AnonyMint's whitepaper

6.2 Censorship

In the case where the whales do form a monolithic majority voting bloc, they can elect all of the witnesses and thus refuse to add specific transactions to the blockchain. There are numerous profit motives and conflict of interest scenarios that make such censorship plausible. For example, in the case of the Steem blockchain, the owners of Steemit.com Inc., who apparently control a majority of the stake, could elect witnesses which block the transactions that compete with their vested interests, what ever they may be. One could imagine ecosystem applications from third parties experiencing conflicts-of-interest which destroy their business models.

Might makes right and the minority voting power (which could be the majority of the participants depending on whom knows and cares that they are affected) can do nothing about this except perhaps sell their stake.

The argument that the cartel voting bloc would not do this because it would crater the price and adoption is not the only possible scenario. The offenses could be isolated to one smaller target at a time, thus destroying and replacing competitors piecemeal without raising sufficient ruckus to constitute a ecosystem wide mutiny.[backdealings]

References

[backdealings]: smoothie, smooth, r0ach, monsterer, DecentralizeEconomics. Bitshares' DPoS "behind-the-scenes" politics. Bitcointalk.org, The state of crypto - The only serious thread on the subforum thread, posts #137155, Sep 9, 2015.

Please refer to the other flaws I explained about DPoS as a prerequisite to reading the above.

agree to a certain extend
I have never believed in Election.
it's fake democracy allowing the richest to buy power. Election always ending corrupted, serving the richest.

but as far as i can tell, graphene is beast techno.. and the consensus..? it's there to evolve Wink

I think its a nice experiment overall

thx for ur input mate

chisoban

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