Month: April 2014

Community,

 

Last week the community made significant progress on selecting the new difficulty re-targeting algo to bring stability back to block-discovery times after the explosion in interest in Bitcoin sCrypt block-chain voting a few weeks ago raised the network hash rate to incredible levels.   Information concerning the community’s discussion of the difficulty re-targeting algo can be found here on Cryptocointalk.

Omega6 is currently incorporating the changes into a new v.1.3.0 of the Bitcoin sCrypt client, which will be announced and distributed after some stress-testing on the testnet.  Be on the lookout for the release of v.1.3.0 because this will be a hard-fork.

Accordingly, we are completing step 2 of the Revised Roadmap published last week on our journey to decentralize development through block-chain voting.

Bitcoin sCrypt Revised Roadmap to Democratization

1. Omega6 posts proposed changes to adjust difficulty re-targeting algo for a v.1.3.0 on the forum for community to review.
2. Community inputs changes into v.1.3.0 before official release of source-code and client.
   1. Binaries for win, linux and mac must all be made available because v.1.3.0 will be a hard-fork.
3. Evaluate difficulty re-targeting algo changes and adjust if necessary.
4. Announce first set of votes; announce process for voting; announce process for submitting questions to be voted on; and specify venue for debating ideas.
5. Begin block-chain voting system with housekeeping votes–or other votes as directed by community (i.e., n-Scrypt vs. scrypt-jane; incorporating zerocoin anonymity; etc…) .
6. Implement vote results; evaluate voting system; and adjust as necessary.
7. Vote on remaining housekeeping/intro questions and implement as applicable.
8. Community explores other bigger-picture possibilities to fully utilize decentralized block-chain voting.
   1. Coin Governance
      1. Whether to create and elect a temp/perm guiding counsel or developers counsel
      2. Whether to vote on founding principals through a constitutional convention-type event
      3. Whether to embrace a completely anarchic model
      4. Etc…
   2. Creation and administration of special-purpose funds
      1. Developers funds
      2. Marketing funds
      3. Infrastructure funds
      4. Etc…
   3. Or a combination of the above or something completely different, as per the community.
9. Vote, Implement, Evaluate and Repeat, as desired.

 

Detailed explanation of Vanity Voting can be found here.

Instructions for Vanity Voting can be found here.

Vanity Voting Proof-of-Concept Example Referendum can be found here.

Vanity Voting Vote-Explorer can be found here.