No, I said that it is complex and that because I understand it, I assert that the developers do not know what they are doing.
I get you said that. But then you failed to provide any support. I can assert that you don't know what you're talking about too. Again I'm not attacking you, just your premise. Demonstrate something, anything. Simply saying you have some mystical secret knowledge that you don't have time to share with the rest of us, isn't cutting it and is undermining your position.
You're providing the anti-side which is sorely needed and yet you aren't giving me anything to work with here other than ad hominems and that's the hallmark of a shill or a troll and I've seen your work before so I know you're above that. Thus I'm left to conclude you're about to summit a particular mountain and just aren't aware of it yet.
Enough with the advertising.
Sounds like an ad, but it's not. We're actually doing this. We have the business deals in place to accomplish it and the experience to make it happen.
What of these is novel?
Show me a single platform that does this. Otherwise the novelty is in the fact that no other platform does ALL of this.
No way this is resistant to a Sybil attack.
Sure it is. There's no such thing as a Sybil in this system. You have stake you can vote. No stake, no vote. You paid for your stake or you earned it from someone who did.
Wanna vote for yourself? Go right ahead, as long as you have sufficient VIP stake you can vote and your vote is worth the same as anyone else's.
Compounding effects mean it is more financially beneficial for you to vote for yourself than to try and vote a dozen accounts to the minimum stake requirements and have them circle vote eachother to death. In other words, you make more money by just straight up being greedy, than by trying to game the system. How much more? A lot more! Why? Compounding effects.
All extra stake buys you is the ability to vote more times in a day. But no matter how much your VIP stake is, the draw down rate is the same 24 VIVA daily. So why try to Sybil? A rational actor wouldn't do it, and an irrational actor would be harming their long term earnings. Game theory FTW.
I do not think their structure for governance will work.
Fair enough, but you've not shown any sort of reason why and you opinion, while important, isn't necessarily the correct one.
Our governance model isn't novel in the real world. It's just novel in the crypto space.
In the real world, it's worked for over 100 years and the economies who have adopted similar models are the strongest in the world. So let's try that one again.
Will reply to the rest of this in the morning... One thing:
Where is the code? because their quicktrade thing is a mess.
Most of the code to make this happen is Hyper Ledger Fabric itself. The thing is incredibly competent and frankly I'm shocked we haven't all moved to it.
The VIVA related bits are custom chain code and under heavy development.
That part is hosted on bitbucket in a private repo, but anyone with a business plan is welcome to hop in https://chat.vivaco.in and obtain a crown, present their idea for a mint and get sign off from the other crownholders.
From there anyone can start the process of building whatever they want to build. We're in an alpha state and I haven't been that great about commenting as I go, but the purpose of ICO is to hire developers to pitch in and take some of this off my plate. In the meantime, I'm willing to support anyone that sincerely wants to build their business on this.
Well we're in 100% agreement on that. The UI sucks and the backend is being redone too. We've launched a project to get that whipped into shape. You can be part of that by joining chat.vivaco.in and joining channel #tqnext
The current code base for TradeQwik our exchange is sitting here and you'll notice who the maintainer is and also the discussion about where to take the TxBits codebase going forward.
Anxiously awaiting your replies. In the meantime I need to stop talking about it and get back to building it.
So no Github? I don't care that your working with Fabric, so can anyone. So far I haven't seen anything that is worth what this ICO is asking.
Now it's the ICO price? Before it was a problem with game theory and our consensus model.
I'm waiting for your analysis of the whitepaper since you said you found problems.
You say you haven't seen anything worth what the ICO is asking, but that only means you didn't REALLY read anything, did you.
Because if you had, you would have seen physical ATMs you can use right now, 2 of them actually, and an article in Newsweek explaining our company and it's role in the crypto-economy in Mexico, thus far. You would also see that we can ship you a physical debit card you can use to spend your holdings anywhere MasterCard is accepted.
Show me another currency that was able to do that pre-ICO and it'll give your pricing argument a modicum of credence, especially since the price is still less than a single bitcoin for a VIVA Crown and there are many, many other ways to participate that don't even involve buying a VIVA Crown.
VIVA is about the relationship between businesses and people, because that's what money is. The ability to perform transactions with the least amount of effort and uncertainty.
If that's not worth it to you, then that's you and that's ok. But complaining about the fact that you don't understand it or whatever isn't going to fix anything.
You claim you found problems. I am the primary architect, I am the lead developer and you mention technical issues at the design level.
I am trying to have a technical discussion with you about the design parameters which you keep claiming are "out of whack". But instead of elaborating, you keep dodging the question and trying to change the subject.
Please present your analysis for review; I'm open to the possibility that I don't know everything in the world and might not be perfect. If we're going to make changes which you say are fundamentally needed, now is the time to talk about that.
I don't think you need to ICO unless you present some code. I understand the goals you have for VIVA and they seem pure. I don't agree with the format of minting entirely. Based on how the protocol is described, I see Sybil attack vectors.
Awesome start! This is not enough to get my money in an ICO though. I think that it is misleading to offer all these promises without a proof-of-concept.
Fair enough, but seriously if you do see something wrong design wise let me know. This is important to get right and if there's a problem in the design there will be a problem with the platform and it won't matter if God himself writes the code.
I'm going to leave this conversation now, because we are working on the MVP and the roadmap. It's a process of constant iteration, it's not some sudden code drop that happens over night. We design, build, test and revisit designs sometimes 10 times a day or more.
The MVP is coming. It's slated for post ICO. The first "non founder" mint is slated to come online during ICO.
You're not going to see revolution, just evolution. But thank you for having questions and stating your concerns. You're right that it's not for everybody just yet.
I really admire your commitment. If there is anything I have gained from the white paper and now, it is someone's passion for decentralization.
Do pass along any code when you can