Enhancement to ACP
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IMO, this thread should be discussed in public.
I fully agree. My intention is to discuss this internally, come to a conclusion or as close to a conclusion as possible and let the whole community discuss that conclusion.
I deem that way more efficient that a large public discussion from the start.
Also I hoped for a more technical discussion, where points like- Can we implement such a solution in the current code base?
- How much effort will it be to implement?
- How much time would be needed?
If the answer to the first question above is ‘no’, there is no need to go public with this thread, but we need to think about other ways to move forward.
Also it may be worth to have a hangout session just for this discussion and then go public
If the other team members favor a direct public discussion, we also can go that route.
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We are not limited by how others choose to implement DPoS, we are only limited by how we choose to implement DPoS.
Anything ‘off’ blockchain should be avoided in regards to voting. Sure you could do voting on the blockchain using a single coin. You could just use a counter party layer and have the tokens programmed to return. Counter Party on BTC’s chain does that now. But how would you make sure that people were not using multiple IDs? At least with stake voting you need huge resource to influence only a small percentage of the vote for delegates.
Energy costs are the elephant in the room. The whole point of crypto currency is that the network security has an incentive. We have lost the bulk of our community miners because they can’t compete. Until you fix that, there is nothing in it for the ‘little guy’ and the network will become centralised over time. So whilst the ‘little guy’ can pick up a GPU and hash away with no barrier to entry, he still has no incentive to do so. How many of our Team are actively mining?
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I think we all agree, that PoW in it’s current flavor is power intensive and we should find a way to mine coins with less energy.
We could do that by shortening the interval between eACP mined blocks and reduce overall power consumption, as these blocks can be mined either at low difficulty with a GPU or even CPU or we could use a totally different hashing algorithm for these blocks, which requires less power to be calculated.
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Decided to move the topic to the public discussion now to get more thoughts, ideas and improvements discussed
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I know how to get rid of the ACP entirely to stay decentralised and secure fairly. However I have put my development efforts in this direction on hold half a year ago and not going to resume unless we get funding. It’s not going to happen like with NeoScrypt which has been a large time killer and financial loss for me the last year. It could be much better if I just did my real life job and got paid for it. I hope you’re not surprised.
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I know how to get rid of the ACP entirely to stay decentralised and secure fairly. However I have put my development efforts in this direction on hold half a year ago and not going to resume unless we get funding. It’s not going to happen like with NeoScrypt which has been a large time killer and financial loss for me the last year. It could be much better if I just did my real life job and got paid for it. I hope you’re not surprised.
Hi Ghost,
I suggest to talk with markmod ;)
Meanwhile, can you explain your idea in more details?
m.
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Hi Ghost,
I suggest to talk with markmod ;)
Meanwhile, can you explain your idea in more details?m.
I know. I can tell the details to those involved in the actual development, but not in public right now.
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Very good to know, that there is a solution to replace ACP :)
I’m very interested to hear about your solution.
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for all members, can you answer for follow questions:
1. What is the problem?
2. What is the CAUSE of the problem?
3. What are all possible solutions to the problem?
4. What solution do you suggest? -
for all members, can you answer for follow questions:
1. What is the problem?
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centralization
2. What is the CAUSE of the problem? -
one person holding key to the network
3. What are all possible solutions to the problem? -
so far I think abotut:
a, POW+0%POS
b, DPOS
in that architectures ACP is not necessary
4. What solution do you suggest?I like adding 0% POS and eventually switching to DPOS as we establish solid and stable position
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