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Hmmm - yes. I was silly to make myself sound like an eco-warrior. You don't know me. I can assure you I am not making this suggestion to save the planet. It will appeal to some, but its not the point. That part of the point is that burning huge amounts of energy to make a block is going to be...

Yes, I saw this. I'm a fan. Obviously this is an old thread, my original stuff is a bit out of date now. I think the title of the post is catchy so people notice it. I'm on the right track, but Ryan did it better. He doesn't try to jump straight to POS either. Having said that, I now think you...

Ryan gave a very detailed reason, and I start this thread with an explanation as to why. Basically because burning energy to create security is wasteful if other methods to keep the blockchain secure are available. In the future POW will look old fashioned.

Wow - I have just heard Ryan Taylor saying that he thinks Dash should reduce its reliance on POW, using masternodes to support the security, etc. This is EXACTLY what I was proposing here. If we can write the code and make it completely reliable, POS is the future. Its not easy, but we are...

Can we tell them to call it something else? It seems to me that this could be a token that looks like it is based on dash. Here is a link...

TBH I'm as guilty as anyone for voting in proposals without knowing who they really are. I have a day job, so there is a limit to how much time I am willing to spend on it. My view is that we should pay people to evaluate proposals, to help us vote.

I will second that - most likely this is just a scamcoin looking to get free money, from us and all the other people offering it. I could be wrong, but there's little to be positive about.

actually, i agree, we should stop this discussion now and leave it for a while. Maybe we can think about it again when evolution is running. This is just to get us thinking, because I think it will take a year or two and things move fast in this industry

You're saying POS failed miserably, but aren't the masternodes an example of POS? I'm saying that they are, and that they haven't failed, and that they can be used to solve the problem. I am also saying that there is a problem with POW, which is that it costs a lot of electricity, and as a...

Yes, the asic mining is something we would probably want to mitigate. TBH I agree that asic mining has flaws but it's not something that I feel we should jump on. If you chase CPU or GPU mining you allow the possibility of ASICs to give a 1,000,000x improvement (or so). So you have to constantly...

Lets keep it real guys. Wars over fiat are not relevant, I am describing the competition between different cypto-currencies. As for the "2 hop blockchain" described in the paper https://eprint.iacr.org/2016/716.pdf - I think it's interesting, even if it's not really designed with our ecosystem...

This is interesting. The video says everything needs to be on-chain and that graphene will make it possible because it moves huge amounts of data quickly. Graphene info is here... https://objectcomputing.com/resources/publications/sett/march-2017-graphene-an-open-source-blockchain I'm not...

Well, in fact my idea is more of a hybrid system, where some work is still needed, but where the cost of that work is a lot less. I would expect it to still be enough to stop Sybil attacks. I am not planning to change the algorithm, so ASIC miners would still be the fastest way to mine. Doesn't...

Yes, masternodes hold the whole blockchain and are incentivised to do so by proof of stake. That's exactly why we don't need a huge reservoir of workers burning electricity to finish the job. I'm not sure we can just move to masternode only, but we can reduce the work and use the masternodes to...

Yes, this is exactly what I am suggesting. Technically, there is more than one way to do it, so we have to get the details right, but it's possible. Sorry for the misunderstanding, I am not here to pump the coin price. I said that because I feel people would buy into Dash more readily if we...

Yes, ok, gotta agree. The power consumption is bad, I like saving the world as well. I'm just mindful that you, me and everyone else feels that way, so not doing so will hit our popularity in the longer term. More importantly, we CAN do it. We have the masternodes! They are perfectly placed to...

wow, I was completely sure this was a terrible idea. Talk about rocking the boat. It would be very very risky to get something like this wrong. But it sounds like there is a discussion to be had. At least some of us see that POW is soon going to be thought of as Blockchain 1.0 Obviously, the...

Yes, of course. Managing the escrow is a thing. But i'm primarily concerned with finding a reliable way of checking that the person making the promises kept them. Surely that's a matter of extended discussions and checks, and is subjective. I wouldn't expect a law firm to do it because they work...

If it doesn't get approved you lose your money. If it gets approved you still lose your money, so add it to the proposal cost. TBH if you aren't getting consistently positive comments in the pre-proposal phase I suggest you hold off. It's a lot to lose. Unless you are completely dedicated to the...

Law firms do law, they don't do validation of proposals. We need a committee to police and verify proposals, not a law firm - FFS. And.. I assume the 30 day moving average in measured in dollars? Why does everyone think that dollars are going to be the way to measure the value of things...