elective-stereophonic
elective-stereophonic
NXT vs Bitshares/Ethereum partnership
Please login or register.

Login with username, password and session length
Advanced search  

News:

Latest Stable Nxt Client: Nxt 1.12.2

Pages: 1 2 3 [All]

Author Topic: NXT vs Bitshares/Ethereum partnership  (Read 7533 times)

devphp

  • Hero Member
  • *****
  • Karma: +87/-14
  • Offline Offline
  • Posts: 1229
    • View Profile
NXT vs Bitshares/Ethereum partnership
« on: August 16, 2014, 02:24:00 am »

Bitshares and Ethereum are banding together, Vitalik thinks DPOS is the future (this is going to undermine beliefs of some in PoW world).

Source: https://bitsharestalk.org/index.php?topic=6990

Does it mean both Vitalik and Dan are so afraid of NXT that they have to join efforts now? ;)
« Last Edit: August 16, 2014, 02:33:10 am by devphp »
Logged

Cyclone

  • Jr. Member
  • **
  • Karma: +6/-0
  • Offline Offline
  • Posts: 45
    • View Profile
Re: NXT vs Bitshares/Ethereum
« Reply #1 on: August 16, 2014, 02:34:16 am »

That's not something I expected to be reading today. Thanks for the link devphp.
Logged

nextcafe

  • Full Member
  • ***
  • Karma: +10/-1
  • Offline Offline
  • Posts: 196
  • 2.0
    • View Profile
Re: NXT vs Bitshares/Ethereum partnership
« Reply #2 on: August 16, 2014, 02:41:28 am »

Saw that over at Bitcointalk. This has been an eventful day, hasn't it?

What does it mean for us?
Logged
NXT-HL5A-UXNE-UE5H-BGHUA

lucky331

  • Hero Member
  • *****
  • Karma: +49/-1
  • Offline Offline
  • Posts: 617
    • View Profile
Re: NXT vs Bitshares/Ethereum partnership
« Reply #3 on: August 16, 2014, 02:43:11 am »

Quote
Does it mean both Vitalik and Dan are so afraid of NXT that they have to join efforts now?

it's not that vitalik or dan is doing this out of fear of nxt.  vitalik is doing this in search of a better (in his eyes) solution. 
Logged
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬  ▄▀▀▀▀▀▀▀▀▄  ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬●  nimirum  ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
▬▬▬ ◖ENDING CENSORSHIP ONLINE◗  ◖ ICO OPEN NOW◗ ▬▬▬

lucky331

  • Hero Member
  • *****
  • Karma: +49/-1
  • Offline Offline
  • Posts: 617
    • View Profile
Re: NXT vs Bitshares/Ethereum partnership
« Reply #4 on: August 16, 2014, 02:44:12 am »

Saw that over at Bitcointalk. This has been an eventful day, hasn't it?

What does it mean for us?

it doesn't mean anything.  vitalik just went for the dpos route. 
Logged
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬  ▄▀▀▀▀▀▀▀▀▄  ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬●  nimirum  ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
▬▬▬ ◖ENDING CENSORSHIP ONLINE◗  ◖ ICO OPEN NOW◗ ▬▬▬

devphp

  • Hero Member
  • *****
  • Karma: +87/-14
  • Offline Offline
  • Posts: 1229
    • View Profile
Re: NXT vs Bitshares/Ethereum partnership
« Reply #5 on: August 16, 2014, 02:44:39 am »

Quote
Does it mean both Vitalik and Dan are so afraid of NXT that they have to join efforts now?

it's not that vitalik or dan is doing this out of fear of nxt.  vitalik is doing this in search of a better (in his eyes) solution.

Maybe. Maybe not. I am sure they wouldn't admit the fear ;)
Logged

nextcafe

  • Full Member
  • ***
  • Karma: +10/-1
  • Offline Offline
  • Posts: 196
  • 2.0
    • View Profile
Re: NXT vs Bitshares/Ethereum partnership
« Reply #6 on: August 16, 2014, 02:49:09 am »

With all those BTC donations pouring in he has to keep up momentum.
Logged
NXT-HL5A-UXNE-UE5H-BGHUA

devphp

  • Hero Member
  • *****
  • Karma: +87/-14
  • Offline Offline
  • Posts: 1229
    • View Profile
Re: NXT vs Bitshares/Ethereum partnership
« Reply #7 on: August 16, 2014, 02:51:20 am »

Saw that over at Bitcointalk. This has been an eventful day, hasn't it?

What does it mean for us?

What it means for us is a choice.

A lot of choices recently, aren't there? ;)

To bet big on NXT or bet on both horses.
Logged

lucky331

  • Hero Member
  • *****
  • Karma: +49/-1
  • Offline Offline
  • Posts: 617
    • View Profile
Re: NXT vs Bitshares/Ethereum partnership
« Reply #8 on: August 16, 2014, 02:52:50 am »

Quote
Does it mean both Vitalik and Dan are so afraid of NXT that they have to join efforts now?

it's not that vitalik or dan is doing this out of fear of nxt.  vitalik is doing this in search of a better (in his eyes) solution.

Maybe. Maybe not. I am sure they wouldn't admit the fear ;)

curious, fear of what? 
Logged
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬  ▄▀▀▀▀▀▀▀▀▄  ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬●  nimirum  ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
▬▬▬ ◖ENDING CENSORSHIP ONLINE◗  ◖ ICO OPEN NOW◗ ▬▬▬

devphp

  • Hero Member
  • *****
  • Karma: +87/-14
  • Offline Offline
  • Posts: 1229
    • View Profile
Re: NXT vs Bitshares/Ethereum partnership
« Reply #9 on: August 16, 2014, 02:56:28 am »

curious, fear of what?

Dan, the creator of Bitshares has stated publicly that NXT is Bitshares' main competition, and that in a few years Bitcoin would be irrelevant, but NXT would still stand and compete with Bitshares. That speaks volumes of what he thinks of NXT.
Logged

FearTheReaper

  • Full Member
  • ***
  • Karma: +9/-5
  • Offline Offline
  • Posts: 173
  • New money, old world.
    • View Profile
Re: NXT vs Bitshares/Ethereum partnership
« Reply #10 on: August 16, 2014, 03:04:42 am »

Reading between the lines, it sounds like ethereum has some issues. Otherwise, what possible benefit does teaming with Bitshares have?

hmmmm..
Logged
Building financial freedom, One block at a time. NXT: 15064961682257460641

nextcafe

  • Full Member
  • ***
  • Karma: +10/-1
  • Offline Offline
  • Posts: 196
  • 2.0
    • View Profile
Re: NXT vs Bitshares/Ethereum partnership
« Reply #11 on: August 16, 2014, 03:06:01 am »

Saw that over at Bitcointalk. This has been an eventful day, hasn't it?

What does it mean for us?

What it means for us is a choice.

A lot of choices recently, aren't there? ;)

To bet big on NXT or bet on both horses.

The whole Bitshares ecosystem is confusing and Ether is two years in the making.

Functionally, Nxt is the next best thing to Bitcoin if not potentially better.
Logged
NXT-HL5A-UXNE-UE5H-BGHUA

landomata

  • Hero Member
  • *****
  • Karma: +121/-26
  • Offline Offline
  • Posts: 1535
    • View Profile
    • Newbium
Re: NXT vs Bitshares/Ethereum partnership
« Reply #12 on: August 16, 2014, 03:10:20 am »

The starfish keeps churning along.

lucky331

  • Hero Member
  • *****
  • Karma: +49/-1
  • Offline Offline
  • Posts: 617
    • View Profile
Re: NXT vs Bitshares/Ethereum partnership
« Reply #13 on: August 16, 2014, 05:09:19 am »

curious, fear of what?

Dan, the creator of Bitshares has stated publicly that NXT is Bitshares' main competition, and that in a few years Bitcoin would be irrelevant, but NXT would still stand and compete with Bitshares. That speaks volumes of what he thinks of NXT.

ah yeah..  i thought you knew something from behind the scenes. ;)
Logged
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬  ▄▀▀▀▀▀▀▀▀▄  ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬●  nimirum  ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
▬▬▬ ◖ENDING CENSORSHIP ONLINE◗  ◖ ICO OPEN NOW◗ ▬▬▬

mczarnek

  • Hero Member
  • *****
  • Karma: +68/-4
  • Offline Offline
  • Posts: 898
    • View Profile
    • Nxt Place - Craigslist for Nxt
Re: NXT vs Bitshares/Ethereum partnership
« Reply #14 on: August 16, 2014, 06:35:42 am »

What do they have that we don't?
Logged
NXT Organization: Tech
Donations greatly appreciated: NXT-DWVJ-G89C-RHNL-6QW6Q

Fatih87SK

  • Hero Member
  • *****
  • Karma: +127/-36
  • Offline Offline
  • Posts: 2206
    • View Profile
Re: NXT vs Bitshares/Ethereum partnership
« Reply #15 on: August 16, 2014, 06:38:07 am »

If Vitalik asked us to work together. Would we agree? I don't think so.

So he even didn't try to ask, because he know this as well.
Logged

2Kool4Skewl

  • Hero Member
  • *****
  • Karma: +396/-246
  • Offline Offline
  • Posts: 1897
  • Banned!
  • Because I'm a Genius
    • View Profile
Re: NXT vs Bitshares/Ethereum partnership
« Reply #16 on: August 16, 2014, 06:39:13 am »

What do they have that we don't?

Banksters
Logged
We are the descendants of Bitcoin.  We are the continuation of the cause it started, but that perished with its centralization.
An economic system is a manifestation of an ideology.  What was lost, we shall reclaim.
"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks"

2Kool4Skewl

  • Hero Member
  • *****
  • Karma: +396/-246
  • Offline Offline
  • Posts: 1897
  • Banned!
  • Because I'm a Genius
    • View Profile
Re: NXT vs Bitshares/Ethereum partnership
« Reply #17 on: August 16, 2014, 06:58:42 am »

THE NEW AXIS OF EVIL!

Logged
We are the descendants of Bitcoin.  We are the continuation of the cause it started, but that perished with its centralization.
An economic system is a manifestation of an ideology.  What was lost, we shall reclaim.
"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks"

ThomasVeil

  • Hero Member
  • *****
  • Karma: +183/-11
  • Offline Offline
  • Posts: 1400
    • View Profile
Re: NXT vs Bitshares/Ethereum partnership
« Reply #18 on: August 16, 2014, 09:01:47 am »

If Vitalik asked us to work together. Would we agree? I don't think so.

So he even didn't try to ask, because he know this as well.

Why the hell not? I think we should work together with others if possible.
Logged
ARDOR-BPV3-837M-QZTQ-9DQ69  oxpal.com

Come-from-Beyond

  • Hero Member
  • *****
  • Karma: +794/-671
  • Offline Offline
  • Posts: 4013
    • View Profile
Re: NXT vs Bitshares/Ethereum partnership
« Reply #19 on: August 16, 2014, 10:04:17 am »

it doesn't mean anything.  vitalik just went for the dpos route.

It doesn't look good to move from PoS to PoW and then back to PoS. Stop wasting time on details, write code that would run on anything.
Logged

crimi

  • Hero Member
  • *****
  • Karma: +122/-11
  • Offline Offline
  • Posts: 863
    • View Profile
Re: NXT vs Bitshares/Ethereum partnership
« Reply #20 on: August 16, 2014, 10:12:54 am »

Something must be really wrong with ether when they need bitshares help.

Same goes for darkcoin when they needed hirocoin dev to integrate checkpointing to make soft forks.
Logged

juicyjuice87

  • Jr. Member
  • **
  • Karma: +12/-2
  • Offline Offline
  • Posts: 92
    • View Profile
Re: NXT vs Bitshares/Ethereum partnership
« Reply #21 on: August 16, 2014, 10:40:54 am »

Wow.. Talk about desperate
Logged

WolfofCrypto

  • Full Member
  • ***
  • Karma: +21/-215
  • Offline Offline
  • Posts: 220
  • If you accuse me,Make sure your right 1st
    • View Profile
Re: NXT vs Bitshares/Ethereum partnership
« Reply #22 on: August 16, 2014, 12:13:40 pm »

I do not see the importance of them teaming up.

Myself and Damelon entered into a conference call with the CEO of http://www.globalcoinreserve.com/ and the I am now working with them along side Adam from http://diacle.com/ to cover all legalities etc for there service.

Global Coin Reserve launched 4 weeks ago and to fullfill there customer requirement they was waiting on Ethereum to use there network and Smart Contract.

As of 2 days ago myself and Adam are putting the project together for Global Coin Reserve to USE NXT Asset Exchange to create tokens backed by Silver Gold Platinum and Paladium with potentially a new company based in Isle of Man to work with NXT in the Same way as Ethereum but using NXT within the NXT few weeks as they are able to use Secure AE platform to provide the service require.

Global Coin Reserve provides Multi Level Marketing service for CLoud Hashing of there own GCR Coin.

There members will take the GCR Coin and use it on the Secure AE to purchase the GCRSILVER etc Token to have Token backed BY BULLION.

Global Coin Reserve currently has 1000 Members but now that they have NXT platform to use opposed to waiting for Ethereum to launch the will reach 6000 Members in period of a few weeks and I would expect them to reach nearly 50,000 Just after Christmas by the time Ethereum Launchs.

So I was very lucky to be able to meet Robert the CEO and to discuss the opportunity of NXT Platform and to assist with the legal setups that he will require.

So YES looks LIKE Ethereum MAY have A reason to Team UP with BITSHARES

Technology is there existing already and NXT has people that can push it forward

Now you know 1 of the projects in development for NXT in regards to Business Services

Damelon and Sergey from Secure AE are in the Loop and this is 1 of over 40 projects that I will be introduced to NXT
Logged
Account: NXT-UNDA-EHYP-ES2G-D7CRS
Asset Id:  15354079498364983892
Big Mad Wolf is Coming to Town

nxtrules

  • Sr. Member
  • ****
  • Karma: +15/-1
  • Offline Offline
  • Posts: 254
    • View Profile
Re: NXT vs Bitshares/Ethereum partnership
« Reply #23 on: August 16, 2014, 02:00:50 pm »

Awesome!
Logged
http://nxtrules.mooo.com {NXT investment tracking with multiple account support}

WolfofCrypto

  • Full Member
  • ***
  • Karma: +21/-215
  • Offline Offline
  • Posts: 220
  • If you accuse me,Make sure your right 1st
    • View Profile
Re: NXT vs Bitshares/Ethereum partnership
« Reply #24 on: August 17, 2014, 10:09:27 am »

http://pubmemo.com/i/other-tidbits/more-tidings/2014/nxt-cryptocurrency-maintains-integrity-after-the-stolen-1-65-million_1639362.html


NXT gold
Recently, Lee Gibson Grant one of the NXT forum members was introduced to the CEO of Global Coin Reserve. After some discussion the idea of smart contracts was discussed. GoldCoinsReserve are excited to announce that they are looking forward to adding new features to their GCRcoin by utilising NXT’s proven blockchain technology. This choice may come as a disappointment to Ethereum, who are also to be used by GCR, but choosing for NXT will allow GCR to begin work on the project immediately, as the launch of Ethereum is still almost 6 months away..
Grant is working with many enthusiastic businesses that are recognising the opportunities that using the NXT blockchain and systems can bring to their own business models. Overstock is not the only business that is interested in making a ‘crypto-stock’ issue and there are several businesses looking to work with NXT in similar ways.
Logged
Account: NXT-UNDA-EHYP-ES2G-D7CRS
Asset Id:  15354079498364983892
Big Mad Wolf is Coming to Town

farl4bit

  • Hero Member
  • *****
  • Karma: +210/-45
  • Offline Offline
  • Posts: 3466
    • View Profile
    • Crypto Advies
Re: NXT vs Bitshares/Ethereum partnership
« Reply #25 on: August 17, 2014, 10:15:57 am »

I do not see the importance of them teaming up.

Myself and Damelon entered into a conference call with the CEO of http://www.globalcoinreserve.com/ and the I am now working with them along side Adam from http://diacle.com/ to cover all legalities etc for there service.

Global Coin Reserve launched 4 weeks ago and to fullfill there customer requirement they was waiting on Ethereum to use there network and Smart Contract.

As of 2 days ago myself and Adam are putting the project together for Global Coin Reserve to USE NXT Asset Exchange to create tokens backed by Silver Gold Platinum and Paladium with potentially a new company based in Isle of Man to work with NXT in the Same way as Ethereum but using NXT within the NXT few weeks as they are able to use Secure AE platform to provide the service require.

Global Coin Reserve provides Multi Level Marketing service for CLoud Hashing of there own GCR Coin.

There members will take the GCR Coin and use it on the Secure AE to purchase the GCRSILVER etc Token to have Token backed BY BULLION.

Global Coin Reserve currently has 1000 Members but now that they have NXT platform to use opposed to waiting for Ethereum to launch the will reach 6000 Members in period of a few weeks and I would expect them to reach nearly 50,000 Just after Christmas by the time Ethereum Launchs.

So I was very lucky to be able to meet Robert the CEO and to discuss the opportunity of NXT Platform and to assist with the legal setups that he will require.

So YES looks LIKE Ethereum MAY have A reason to Team UP with BITSHARES

Technology is there existing already and NXT has people that can push it forward

Now you know 1 of the projects in development for NXT in regards to Business Services

Damelon and Sergey from Secure AE are in the Loop and this is 1 of over 40 projects that I will be introduced to NXT

Looks interesting!  :)

@Damelon Can you confirm this and explain your roll in this. Thx.
Logged

WolfofCrypto

  • Full Member
  • ***
  • Karma: +21/-215
  • Offline Offline
  • Posts: 220
  • If you accuse me,Make sure your right 1st
    • View Profile
Re: NXT vs Bitshares/Ethereum partnership
« Reply #26 on: August 17, 2014, 08:27:27 pm »

Damelon has no Roll in it

He was brought into the Call to answer Questions on NXT if needed So that there was no Conflict of interest in the Project.



I do not see the importance of them teaming up.

Myself and Damelon entered into a conference call with the CEO of http://www.globalcoinreserve.com/ and the I am now working with them along side Adam from http://diacle.com/ to cover all legalities etc for there service.

Global Coin Reserve launched 4 weeks ago and to fullfill there customer requirement they was waiting on Ethereum to use there network and Smart Contract.

As of 2 days ago myself and Adam are putting the project together for Global Coin Reserve to USE NXT Asset Exchange to create tokens backed by Silver Gold Platinum and Paladium with potentially a new company based in Isle of Man to work with NXT in the Same way as Ethereum but using NXT within the NXT few weeks as they are able to use Secure AE platform to provide the service require.

Global Coin Reserve provides Multi Level Marketing service for CLoud Hashing of there own GCR Coin.

There members will take the GCR Coin and use it on the Secure AE to purchase the GCRSILVER etc Token to have Token backed BY BULLION.

Global Coin Reserve currently has 1000 Members but now that they have NXT platform to use opposed to waiting for Ethereum to launch the will reach 6000 Members in period of a few weeks and I would expect them to reach nearly 50,000 Just after Christmas by the time Ethereum Launchs.

So I was very lucky to be able to meet Robert the CEO and to discuss the opportunity of NXT Platform and to assist with the legal setups that he will require.

So YES looks LIKE Ethereum MAY have A reason to Team UP with BITSHARES

Technology is there existing already and NXT has people that can push it forward

Now you know 1 of the projects in development for NXT in regards to Business Services

Damelon and Sergey from Secure AE are in the Loop and this is 1 of over 40 projects that I will be introduced to NXT

Looks interesting!  :)

@Damelon Can you confirm this and explain your roll in this. Thx.
Logged
Account: NXT-UNDA-EHYP-ES2G-D7CRS
Asset Id:  15354079498364983892
Big Mad Wolf is Coming to Town

Damelon

  • Hero Member
  • *****
  • Karma: +792/-54
  • Offline Offline
  • Posts: 2314
    • View Profile
    • Nxt Inside
Re: NXT vs Bitshares/Ethereum partnership
« Reply #27 on: August 17, 2014, 08:48:24 pm »

Looks interesting!  :)

@Damelon Can you confirm this and explain your roll in this. Thx.

I have no role in this. I sat in on the call and provided info on Nxt where needed.

This is a venture by Lee and this company and I am not involved at any stage, nor will I be.
Logged
Member of the Nxt Foundation | Donations: NXT-D6K7-MLY6-98FM-FLL5T
Join Nxt Slack! https://nxtchat.herokuapp.com/
Founder of Blockchain Workspace | Personal Site & Blog

farl4bit

  • Hero Member
  • *****
  • Karma: +210/-45
  • Offline Offline
  • Posts: 3466
    • View Profile
    • Crypto Advies
Re: NXT vs Bitshares/Ethereum partnership
« Reply #28 on: August 17, 2014, 09:04:06 pm »

Looks interesting!  :)

@Damelon Can you confirm this and explain your roll in this. Thx.

I have no role in this. I sat in on the call and provided info on Nxt where needed.

This is a venture by Lee and this company and I am not involved at any stage, nor will I be.

Ok, thanx for your input.
Logged

prometheus

  • Sr. Member
  • ****
  • Karma: +23/-3
  • Offline Offline
  • Posts: 431
    • View Profile
Re: NXT vs Bitshares/Ethereum partnership
« Reply #29 on: August 17, 2014, 09:17:26 pm »

perhaps there will be more than 1 crypto utilized by different nation states. there doesn't have to be ONE
Logged

crumb-bum

  • Sr. Member
  • ****
  • Karma: +24/-6
  • Offline Offline
  • Posts: 294
    • View Profile
Re: NXT vs Bitshares/Ethereum partnership
« Reply #30 on: August 17, 2014, 09:30:18 pm »

This choice may come as a disappointment to Ethereum, who are also to be used by GCR

This isn't clear to me. Are you saying that GCR is going to use NXT and Ethereum both or only NXT (since NXT is available right now)?

In either case, congratulations on a hopeful launch of the NXT smart contracts!
Logged

kodtycoon

  • Hero Member
  • *****
  • Karma: +43/-18
  • Offline Offline
  • Posts: 916
    • View Profile
Re: NXT vs Bitshares/Ethereum partnership
« Reply #31 on: August 17, 2014, 10:26:08 pm »

Bitshares and Ethereum are banding together, Vitalik thinks DPOS is the future (this is going to undermine beliefs of some in PoW world).

Source: https://bitsharestalk.org/index.php?topic=6990

Does it mean both Vitalik and Dan are so afraid of NXT that they have to join efforts now? ;)

link isnt working... :/
Logged

ChuckOne

  • Hero Member
  • *****
  • Karma: +293/-17
  • Offline Offline
  • Posts: 3450
  • ☕ NXT-4BTE-8Y4K-CDS2-6TB82
    • View Profile
Re: NXT vs Bitshares/Ethereum partnership
« Reply #32 on: August 17, 2014, 10:28:42 pm »

Something must be really wrong with ether when they need bitshares help.

Same goes for darkcoin when they needed hirocoin dev to integrate checkpointing to make soft forks.

Well, it basically goes like this:

Turing-completeness requires a lot of resources. PoW requires a lot of resources.

So, with PoS, they eliminate the latter and save more power for the former.
Logged

jl777

  • Hero Member
  • *****
  • Karma: +718/-123
  • Offline Offline
  • Posts: 6170
    • View Profile
Re: NXT vs Bitshares/Ethereum partnership
« Reply #33 on: August 17, 2014, 10:35:58 pm »

Something must be really wrong with ether when they need bitshares help.

Same goes for darkcoin when they needed hirocoin dev to integrate checkpointing to make soft forks.

Well, it basically goes like this:

Turing-completeness requires a lot of resources. PoW requires a lot of resources.

So, with PoS, they eliminate the latter and save more power for the former.
linked-tradebot custom blockchains require only resources from the nodes running the specific linked tradebots, so if it is running on PoS, then we get arbitrary number of parallel blockchains, efficiently
Logged
There are over 1000 people in SuperNET slack! http://slackinvite.supernet.org/ automatically sends you an invite

I am just a simple C programmer

_mr_e

  • Hero Member
  • *****
  • Karma: +88/-18
  • Offline Offline
  • Posts: 956
    • View Profile
Re: NXT vs Bitshares/Ethereum partnership
« Reply #34 on: August 17, 2014, 10:38:43 pm »

Bitshares and Ethereum are banding together, Vitalik thinks DPOS is the future (this is going to undermine beliefs of some in PoW world).

Source: https://bitsharestalk.org/index.php?topic=6990

Does it mean both Vitalik and Dan are so afraid of NXT that they have to join efforts now? ;)

Does anyone have a mirror? Site is down and I'm trying to quote something on another forums post.
Logged

ChuckOne

  • Hero Member
  • *****
  • Karma: +293/-17
  • Offline Offline
  • Posts: 3450
  • ☕ NXT-4BTE-8Y4K-CDS2-6TB82
    • View Profile
Re: NXT vs Bitshares/Ethereum partnership
« Reply #35 on: August 17, 2014, 10:47:25 pm »

linked-tradebot custom blockchains require only resources from the nodes running the specific linked tradebots, so if it is running on PoS, then we get arbitrary number of parallel blockchains, efficiently

Any idea how to achieve sidechains/parallel blockchains with PoS? I feel this is related to the missing capability for SPV of PoS.
Logged

jl777

  • Hero Member
  • *****
  • Karma: +718/-123
  • Offline Offline
  • Posts: 6170
    • View Profile
Re: NXT vs Bitshares/Ethereum partnership
« Reply #36 on: August 17, 2014, 10:59:46 pm »

linked-tradebot custom blockchains require only resources from the nodes running the specific linked tradebots, so if it is running on PoS, then we get arbitrary number of parallel blockchains, efficiently

Any idea how to achieve sidechains/parallel blockchains with PoS? I feel this is related to the missing capability for SPV of PoS.
I posted my idea last week, cant find the thread, not sure if anybody responded.

I just made node specific C script. OK, so this is turing complete, but not decentralized at all as it is unique to each node.

But, we add the ability to deploy linked (identical) tradebots across a subset of nodes that agree to such a thing. Now we have the same code running on a subset of all nodes. Closer, but no nicotine stick yet.

Now add a data synchronization function to the tradebots. [I ignore the convergence time, etc. just some way for the linked tradebots to share data] If the tradebots are synchronizing data in a regular format (block) and do it on a regular basis with each block linked to the previous block (chain), I believe we just made a blockchain that is running on just the subset of nodes of this particular linked-tradebot.

Now make a Tradebot store where people can download their favorite linked-tradebot and they are part of this specific blockchain.

Isnt this parallel/side chain on PoS?

James
Logged
There are over 1000 people in SuperNET slack! http://slackinvite.supernet.org/ automatically sends you an invite

I am just a simple C programmer

ChuckOne

  • Hero Member
  • *****
  • Karma: +293/-17
  • Offline Offline
  • Posts: 3450
  • ☕ NXT-4BTE-8Y4K-CDS2-6TB82
    • View Profile
Re: NXT vs Bitshares/Ethereum partnership
« Reply #37 on: August 17, 2014, 11:03:28 pm »

linked-tradebot custom blockchains require only resources from the nodes running the specific linked tradebots, so if it is running on PoS, then we get arbitrary number of parallel blockchains, efficiently

Any idea how to achieve sidechains/parallel blockchains with PoS? I feel this is related to the missing capability for SPV of PoS.
I posted my idea last week, cant find the thread, not sure if anybody responded.

I just made node specific C script. OK, so this is turing complete, but not decentralized at all as it is unique to each node.

But, we add the ability to deploy linked (identical) tradebots across a subset of nodes that agree to such a thing. Now we have the same code running on a subset of all nodes. Closer, but no nicotine stick yet.

Now add a data synchronization function to the tradebots. [I ignore the convergence time, etc. just some way for the linked tradebots to share data] If the tradebots are synchronizing data in a regular format (block) and do it on a regular basis with each block linked to the previous block (chain), I believe we just made a blockchain that is running on just the subset of nodes of this particular linked-tradebot.

Now make a Tradebot store where people can download their favorite linked-tradebot and they are part of this specific blockchain.

Isnt this parallel/side chain on PoS?

James

I am not sure. I mean this looks more like a peer-to-peer network, right? Not that is could not work the way you described it but that why do you need blockchains here at all?
Logged

jl777

  • Hero Member
  • *****
  • Karma: +718/-123
  • Offline Offline
  • Posts: 6170
    • View Profile
Re: NXT vs Bitshares/Ethereum partnership
« Reply #38 on: August 17, 2014, 11:12:21 pm »

linked-tradebot custom blockchains require only resources from the nodes running the specific linked tradebots, so if it is running on PoS, then we get arbitrary number of parallel blockchains, efficiently

Any idea how to achieve sidechains/parallel blockchains with PoS? I feel this is related to the missing capability for SPV of PoS.
I posted my idea last week, cant find the thread, not sure if anybody responded.

I just made node specific C script. OK, so this is turing complete, but not decentralized at all as it is unique to each node.

But, we add the ability to deploy linked (identical) tradebots across a subset of nodes that agree to such a thing. Now we have the same code running on a subset of all nodes. Closer, but no nicotine stick yet.

Now add a data synchronization function to the tradebots. [I ignore the convergence time, etc. just some way for the linked tradebots to share data] If the tradebots are synchronizing data in a regular format (block) and do it on a regular basis with each block linked to the previous block (chain), I believe we just made a blockchain that is running on just the subset of nodes of this particular linked-tradebot.

Now make a Tradebot store where people can download their favorite linked-tradebot and they are part of this specific blockchain.

Isnt this parallel/side chain on PoS?

James

I am not sure. I mean this looks more like a peer-to-peer network, right? Not that is could not work the way you described it but that why do you need blockchains here at all?
you dont need them, but you can make them if you wanted to
Logged
There are over 1000 people in SuperNET slack! http://slackinvite.supernet.org/ automatically sends you an invite

I am just a simple C programmer

gs02xzz

  • Hero Member
  • *****
  • Karma: +56/-12
  • Offline Offline
  • Posts: 1101
    • View Profile
Re: NXT vs Bitshares/Ethereum partnership
« Reply #39 on: August 18, 2014, 02:06:40 pm »

Source: https://bitsharestalk.org/index.php?topic=6990

I can't open the link. Does Ethereum decide to use the BitshareX DPoS consensus mechanism for their own blockchain/platform or use BitshareX blockchain for Ethereum like Mastercoin on Bitcoin?
Logged
Nxt Mission is to commercialize the crypto technology and build new commerce and society.

Damelon

  • Hero Member
  • *****
  • Karma: +792/-54
  • Offline Offline
  • Posts: 2314
    • View Profile
    • Nxt Inside
Re: NXT vs Bitshares/Ethereum partnership
« Reply #40 on: August 18, 2014, 02:13:52 pm »

The interest of Ethereum is in using DPOS.

This was the original post by bytemaster on the bitshares forum:

Quote
This week I am meeting with Vitalik to discuss a partnership between our two projects.  We spent several hours last night and 5 hours to day talking about blockchain technology and challenges we both face.   I am happy to report that we are finding some common ground and are planning more regular collaboration.

Some of the things we have discussed is:

Moving Ethereum to DPOS
Honoring AGS/PTS with some of the stake saved by not mining Ether.
Distributing the Mining Rewards via Delegates
Improving the performance of Ethereum
BitAssets, DNS, and other market algorithms.

Vitalik seems to be of the opinion that DPOS is the way to go and the best overall compromise.  He appears to recognize proof of work as dead and I have shown him that the "nothing at stake" argument does not apply to DPOS.    We will be working to improve upon DPOS.

With respect to Turing Completeness and claims that Ether can do everything and anything, we had a deep discussion regarding the lack of first class data structures (heaps & trees) in Ether and even had some discussion on alternative abstraction on their data store.    DPOS could significantly enhance the types of contracts ethereum could run by greatly increasing speed and effectively eliminating the potential for chain reorganizations. 

Effectively my goal is to make both projects better and to secure AGS/PTS holders a stake in Ether.  Our two communities can then work together to fill the various niches in the DAC ecosystem as we both agree that in its current incarnation Ethereum is not well suited to implementing many of the algorithms we have proposed for BitShares DACs.

Other areas of potential collaboration is our wallet technology.  Our architectures are very similar and there is potential we may be able to combine resources here.

Vatalik is a smart guy and the two of us working together really helps sharpen both of us. 

Nothing final at this stage, but I am optimistic a lot of good will come out of this.
Logged
Member of the Nxt Foundation | Donations: NXT-D6K7-MLY6-98FM-FLL5T
Join Nxt Slack! https://nxtchat.herokuapp.com/
Founder of Blockchain Workspace | Personal Site & Blog

gs02xzz

  • Hero Member
  • *****
  • Karma: +56/-12
  • Offline Offline
  • Posts: 1101
    • View Profile
Re: NXT vs Bitshares/Ethereum partnership
« Reply #41 on: August 18, 2014, 03:16:51 pm »

Thanks for the info. It was just a friendly conversation between two devs and nothing concrete.  The OP and the topic is kind misleading. It should be something like - BitsharesX dev thinks there is a potential cooperation between BTSX and Ether. It actually reminded me of a picture of Vitalik wearing Vertcoin's t-shirt in a conference. 
Logged
Nxt Mission is to commercialize the crypto technology and build new commerce and society.

devphp

  • Hero Member
  • *****
  • Karma: +87/-14
  • Offline Offline
  • Posts: 1229
    • View Profile
Re: NXT vs Bitshares/Ethereum partnership
« Reply #42 on: August 18, 2014, 03:18:10 pm »

Thanks for the info. It was just a friendly conversation between two devs and nothing concrete.  The OP and the topic is kind misleading. It should be something like - BitsharesX dev thinks there is a potential cooperation between BTSX and Ether. It actually reminded me of a picture of Vitalik wearing Vertcoin's t-shirt in a conference.

Were you slightly worried? ;)
Logged

gs02xzz

  • Hero Member
  • *****
  • Karma: +56/-12
  • Offline Offline
  • Posts: 1101
    • View Profile
Re: NXT vs Bitshares/Ethereum partnership
« Reply #43 on: August 18, 2014, 03:31:34 pm »

Were you slightly worried? ;)

I was otherwise I would not want to search for more information. :-\
Logged
Nxt Mission is to commercialize the crypto technology and build new commerce and society.

NXTOrganization

  • Jr. Member
  • **
  • Karma: +17/-6
  • Offline Offline
  • Posts: 26
    • View Profile
Re: NXT vs Bitshares/Ethereum partnership
« Reply #44 on: August 18, 2014, 09:14:35 pm »

Thanks for the info. It was just a friendly conversation between two devs and nothing concrete.  The OP and the topic is kind misleading. It should be something like - BitsharesX dev thinks there is a potential cooperation between BTSX and Ether. It actually reminded me of a picture of Vitalik wearing Vertcoin's t-shirt in a conference.

This is exactly true. What Daniel from Bitshares did was merely suggest that this could lead to a closer partnership, right now there are no substantial discussions going on with any of the other core Ethereum team members such as Gavin Wood who openly expressed an opposition to Bitshares here (insightsintoamodernworld.blogspot.de/2014/08/ethereum-collaborations.html).

Many members in the Ethereum Reddit and Channels are opposed to POS. But lets see, maybe Transparent Forging can convince them :)
Logged

ChuckOne

  • Hero Member
  • *****
  • Karma: +293/-17
  • Offline Offline
  • Posts: 3450
  • ☕ NXT-4BTE-8Y4K-CDS2-6TB82
    • View Profile
Re: NXT vs Bitshares/Ethereum partnership
« Reply #45 on: August 18, 2014, 09:35:56 pm »

This is exactly true. What Daniel from Bitshares did was merely suggest that this could lead to a closer partnership, right now there are no substantial discussions going on with any of the other core Ethereum team members such as Gavin Wood who openly expressed an opposition to Bitshares here (insightsintoamodernworld.blogspot.de/2014/08/ethereum-collaborations.html).

Many members in the Ethereum Reddit and Channels are opposed to POS. But lets see, maybe Transparent Forging can convince them :)

Fantastic idea.
Logged

buybitcoinscanada

  • Full Member
  • ***
  • Karma: +33/-4
  • Offline Offline
  • Posts: 203
  • Banned!
    • View Profile
Re: NXT vs Bitshares/Ethereum partnership
« Reply #46 on: August 19, 2014, 02:35:23 am »

A
« Last Edit: October 12, 2014, 12:35:58 pm by buybitcoinscanada »
Logged

mczarnek

  • Hero Member
  • *****
  • Karma: +68/-4
  • Offline Offline
  • Posts: 898
    • View Profile
    • Nxt Place - Craigslist for Nxt
Re: NXT vs Bitshares/Ethereum partnership
« Reply #47 on: August 19, 2014, 02:06:25 pm »

Contacted Ethereum and asked about the deal, to quote the important part of their response:

"So, one thing that needs to be clear, is that the whole bitshare+ethereum is a bit of a storm in a teacup - in short we have no plans to partner with anyone at the moment, and I'm not too sure why the articles were posted, or who posted them. Seems a bit shady to me in fact, but hey, welcome to cryptoland I guess! :)"
Logged
NXT Organization: Tech
Donations greatly appreciated: NXT-DWVJ-G89C-RHNL-6QW6Q

Damelon

  • Hero Member
  • *****
  • Karma: +792/-54
  • Offline Offline
  • Posts: 2314
    • View Profile
    • Nxt Inside
Re: NXT vs Bitshares/Ethereum partnership
« Reply #48 on: August 19, 2014, 02:07:40 pm »

Logged
Member of the Nxt Foundation | Donations: NXT-D6K7-MLY6-98FM-FLL5T
Join Nxt Slack! https://nxtchat.herokuapp.com/
Founder of Blockchain Workspace | Personal Site & Blog

gs02xzz

  • Hero Member
  • *****
  • Karma: +56/-12
  • Offline Offline
  • Posts: 1101
    • View Profile
Re: NXT vs Bitshares/Ethereum partnership
« Reply #49 on: August 19, 2014, 02:22:33 pm »

Am I the only that sees this as Larimer trying to pump up bitshares on fluff?

+1.
Logged
Nxt Mission is to commercialize the crypto technology and build new commerce and society.

lucky331

  • Hero Member
  • *****
  • Karma: +49/-1
  • Offline Offline
  • Posts: 617
    • View Profile
Re: NXT vs Bitshares/Ethereum partnership
« Reply #50 on: August 19, 2014, 04:54:36 pm »

vitalik buterin posted in that thread:  https://bitsharestalk.org/index.php?topic=6990.msg93296#msg93296

it doesn't really say much except that he has been in talks with crypto 2.0 core devs.
Logged
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬  ▄▀▀▀▀▀▀▀▀▄  ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬●  nimirum  ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
▬▬▬ ◖ENDING CENSORSHIP ONLINE◗  ◖ ICO OPEN NOW◗ ▬▬▬

jabo38

  • Sr. Member
  • ****
  • Karma: +40/-38
  • Offline Offline
  • Posts: 381
    • View Profile
Re: NXT vs Bitshares/Ethereum partnership
« Reply #51 on: August 19, 2014, 05:38:16 pm »

I feel like Vitalik is just too young and lacking real vision and direction. 

This partnership is very silly and doomed to not happen. 
Logged
Never Enough Money

buybitcoinscanada

  • Full Member
  • ***
  • Karma: +33/-4
  • Offline Offline
  • Posts: 203
  • Banned!
    • View Profile
Re: NXT vs Bitshares/Ethereum partnership
« Reply #52 on: August 19, 2014, 10:24:14 pm »

A
« Last Edit: October 12, 2014, 12:37:57 pm by buybitcoinscanada »
Logged
Pages: 1 2 3 [All]
 

elective-stereophonic
elective-stereophonic
assembly
assembly