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747 -
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Everything posted by Arcurus
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3 more weeks until initial issuance is complete
Arcurus replied to Mark Friedenbach's topic in Freicoin Discussion
Yes we would need a hardfork to provide a sustainable budget. I'm all for it since years. -
Hi Rik, yes we don't need donation matching, we could distribute the coins directly to people. The donation matching was just a workaround with the current issuing. I don't think airdrops are a good solution, they don't solve any problem in a sustainable way. I would prefer to give people a steady amount of coins per time period. This would encourage long term use of the coin and long term fair money distribution.
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3 more weeks until initial issuance is complete
Arcurus replied to Mark Friedenbach's topic in Freicoin Discussion
Bounty sounds good. -
great to have you! Best is to coordinate directly with fedde, he has the overview and the direct contact also to maaku.
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Thx to fedde we have now: https://freiexchange.com/login
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Discussion of Proof of Stake (POS)
Arcurus replied to Arcurus's topic in Development & Technical Discussion
news to proof of stake from an turing award winner: http://www.coindesk.com/scalable-blockchain-consensus-turing-award-winner-thinks-hes-got-solution -
Freicoin Chatroom / Live discussion
Arcurus replied to fedde's topic in Development & Technical Discussion
great. thx! -
Enough is enough! ECB is stealing our name: they made ¨freecoin¨ https://bravenewcoin.com/news/eu-parliament-states-virtual-currencies-cannot-be-anonymous/
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Discussion of Proof of Stake (POS)
Arcurus replied to Arcurus's topic in Development & Technical Discussion
Hi Sarko, to 1) lol yea the thermodynamics ... it's both the thermodynamics / work securing the chain, and the right to include a transaction to 2) attempt yes, success most likely not long.... by the way, also here dahs pow algorithm sound more promising than script mining. to 3) confirmations currently is pow, therefore see 1) thermodynamics . The balance is known? yes and no. No because it is not known to 100% if the balance stays like it is, because currently longer pow chain can undo the balance. And not necessarily 100% of the nodes agree on the same balance. And yes, -
Discussion of Proof of Stake (POS)
Arcurus replied to Arcurus's topic in Development & Technical Discussion
its really sad currently in Bitcoin, it seems that the main mining hardware provider doesnt like core and now tries to make a bitcoin fork with bitcoin unlimited. Its really sad, that they block segwit, which would increase the blocksize 2 fold. It's also really sad, that the core developer still don't have coded or even described an way beyond the current 1 mb limit as promised to the miners. I more and more see no good reason for proof of work other than a coin distribution and the simplicity of it. But the problem is with time one single company will more and more dominate th -
Discussion of Proof of Stake (POS)
Arcurus replied to Arcurus's topic in Development & Technical Discussion
Nice post about mining power accumulation in Bitcoin: https://steemit.com/bitcoin/@dantheman/who-really-controls-bitcoin -
UPDATE: old nodes that are not aware of an higher existing tier can just continue to validate transactions as they always did. Updated nodes, that are aware of an higher tier, but do not have enough resources to be a full node on a higher tier, could if they want take part in the active enforcement of higher tear transactions in the following way: - they could download the full or a part of the current balances (unspent set) from higher tier nodes and block transactions / blocks that are not valid according to that - if they dont have the current balances they could ask higher t
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Hi all, here is a draft how we could use an multi tier blockchain that allows high transaction processing without compromising decentralisation. As always feels welcome to give feedback, Arcurus This proposal is based on this proposal, so good to read this first: How could a multi tier block chain look like: - the normal block would be called zero tier block - a block in the next tier is called tier one block - a block in the next tier after tier one is called tier two block - each tier block references the next tier - higher tie