Cryptocoins are dead. Long live cryptocoins

in agora •  8 years ago 

I don't want to put a downer on all the people working on what effectively are little tweaks on the Bitcoin codebase.

Cryptocoins are the past

Decentralised social network and e-commerce and publication systems are the future.

Stop wasting your attention and time on perfecting what is now, pretty much, all but perfect.

Here is what I think is the most complete, content-neutral, privacy protecting, security and business oriented distributed system platform design that exists right now:

https://steemit.com/agorism/@l0k1/agora-a-local-centric-distributed-compartmental-corporate-infrastructure

I am going to keep promoting this until I have gathered enough designers, engineers, programmers, marketers, and, perhaps most importantly, investors, to bring this little baby into the world, where she will wreak untold havok on the establishment, and remake the entire global economy.

Read it, digest it, and if you don't agree, discuss what errors in logic I have still got in it, clarify and expand what I have glossed over, and most importantly, if you see the incredible potential it holds, recommend it to your friends. Write dumbed-down versions describing what it can do. Write fictional stories about how things will be when it is everywhere.

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

Also in these decentralized networks with more complex features, you'll need consensus. So also these will probably use a blockchain, as this still is the best-proven way to achieve such consensus. (And yes, I know MaidSafe. They claim to not require a blockchain, but that would require another post to elaborate about that.)

in the post link above, i explain how agora generalises to Routing and File Storage. A blockchain is a type of file storage. Agora does not have a crypto token, so all data has expiry. if it is your file, you have to regularly pay rent on it, and fees to retrieve. a crypto token could be added, but equally, you can just use one of many other cryptocoins. even, if agora had a coin, nodes can be configured to propagate them, or not. i would want to use something like monero or zcash, for security.

The Agora network has a blockchain, and proof of work, for IM and email rate-limiting, and the name system is a on a rental basis , and a sliding reward distribution for certifying transfers. I don't want it to have yet another cryptocoin, because there is no reason why it cannot in fact use any existing one already. In two party transactions of buyer and seller, their consensus is proof of work of a non-computational kind.

The corporate share pool works by placing the Administrator (s) as a fiduciary party, for any process that is assented to by the stakeholding parties, they act as supervisor, and a voting system based on stake-weighting acts as a means to decide, not by consensus but by a majority of voting power, say for example in the decision to hire an investigator to remove an adversary from the territory of the Operation's working area. Such data as the a group node going dark, or appearing to be hijacked, is evidence and an Administrator then calls a vote and so long as there is evidence and support from sufficient votes to act, the compromised node is blacklisted and sent the Kill command. If it doesn't go down it is at least not propagated internal, privileged information any further. The administrator's role depends on the assent of the rest of the group as does The Geek. In fact in the group if more than half of the vote power says they must be ousted, their position is then taken away and a process of choosing another begins. Note that, this also goes into the cointel global blockchain, so that what reputation such a member has built is black-listed and they are forced to start from zero.

The counterintelligence dossier system works as a blockchain through human verification, rather than mathematical verification, and at a certain point enough evidence can arise so as to instigate the funding of a deeper investigation to fully confirm. Confirmed then, it is possible to instigate actions to neutralise the threat.

There is details yet to be fully clarified, but I think there is already enough to show such a system would create a benefit for members and a means to protect business against adversaries and enable geographically distributed relationships and mutual assistance.