Somehow in the cryptocurrency space, we have forgotten that our underlying technology is constructed upon foundations of cryptography, distributed systems, game theory and programming language theory amongst other considerations. The people who study these fields literally have invested tens of thousands of hours to become proficient- meaning they can read and understand the papers- and that’s not even making a statement about meaningful and original contributions.
The question we ought to ask isn’t can I understand the papers. That’s like asking the public to understand the US Federal Budget. The question ought to be what process should this work go through in order for it to be considered correct? "
All of this reminds me of The Emperor’s New Clothes:
I haven’t had any issues either, for me it has been one of the smoothest experiences I have had with a wallet. But I can see a lot of people seem to have technical issues with it. I’m confident this will get sorted soon.
Exactly, Ouroboros is POS with a delegation scheme on top, not dPOS. Also, we are forward thinking, meaning worried about scalability.
I’ve posted before, but many people just might not have a machine capable of running a full node. However, we still have some issues that are legitimate problems, preventing people from connecting. We are working hard on this, but the exchanges were given higher priority. They have a lot of demands and worries, if you can imagine the stress those folks must go through everyday.
Yes…
I believe many don’t like to read whitepapers. If people is willing to read longer text, then because it’s a critical statement … like that one from Dan L.
It would be interesting to shed some light on the meaning of DDDD
Dynamic
Delegated
Distributed
Decentralised … PoS
I have an idea after reading tons of documents, but I’m still curious if I understood it correctly. Dynamic has quite a different playground than delegated or decentralised. One thing is a clarification that a simple “D” in front of PoS must not automatically mean that it’s Dan’s PoS. But the important thing (at least for me) is to let more people understand what all these D’s does mean, and in which case they matter. My feeling is that many ALTs and ICOs would use ANY of such a D, just to sound more state of the art. That’s not useful for the entire crypto reputation.
Charles recommended a book about crypto fundamentals. It’s a very interesting read and makes more sense - at least to me - when all these words are drawn as objects, actions, arrows… on a “white paper”. But to stay realistic: only a few will and can do this for him/herself. It took me hours over several days in just to know that I don’t know all about.
Whiteboard videos as a form of visual explanatory Information are great. IMHO the key to effectively informed fans are short (less than 6 minutes) visual statements. Not superficially like “what is a blockchain”, but also not detailed down to complex formulas. Just “Ann sends Bob…” or “Jeremy stakes…” demonstrating any mattering and challenging step.
IMHO I would also love when challenges for a real-life working PoS became explained by turning out drawbacks of PoW: in fact PoW is like someone is calling a delivery service to pick up a packet, without telling his address. Now thousands of trucks with billions of horsepowers start at full throttle to find the magic packet. A single lucky one finally is guessing right. All other immediately start to find the next one in the hope to get rewarded. This is not smart.
Back to the feedback of Mr.Kiayias rebuttal: when he talks about the requirements of synchronisation, timing… considered in Ouroboros design. I wouldn’t go down at Larimers level, but statements like “any solutions claiming … provides a weaker level of decentralisation or security, i.e. it solves an easier problem” would be very interesting to see it explained in a practical example. Not by publishing statements about competitors but with short, practical whiteboard videos - for every roadmap step as soon as it is released. Kind of a little pitching event. Investors and fans then know what to look for in other whitepapers, and what to do when they can’t find it there.
