Max Wright's thoughts on the Security threats of Delegated Proof of Stake and Bitshares

Bitcoin

Backstory: I recently gave a presentation to the Vancouver Bitcoin meetup about an exciting new development in the crypto world called Delegated Proof of Stake and Bitshares. This was a practise run for me to fine tune the presentation before creating a high quality video to present to Success Council Members. Iapologize for the terrible Video and Audio quality but if you are super interested you may wish to watch that presentation here.

This post is a response to a well thought out blog post by Piotr Piasecki - an attendee of my presentation - titled Thoughts on Delegated Proof of Stake and Bitshares.

Delegated Proof of Stake is consensus algorithm first presented by Dan Larimar in a white paper of the same name published April 3 2014.

Although not explicitly stated I suspect Piotr acknowledges the numerous benefits that a Delegated Proof of Stake system offers. The primary purpose of his article however is to further the discussion pertaining to the security of the DPOS system.

Does the DPOS protocol sacrifice security to achieve its numerous benefits?

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Benefits of accepting Bitcoin - Patrick Byrne Overstock CEO explains

Members Area Highlights

In January 2014, Patrick Byrne CEO of Overstock.com sent shock waves through the Bitcoin community when it became the the biggest company in the world to accept Bitcoin.
 
Overstock went on to receive a mountain of free press regarding their position on Bitcoin and today we catch up with Patrick to find out if the Bitcoin journey has been kind to Overstock.
 
Later in the interview, we find out why Patrick is so bullish on bitcoin and what role he thinks Bitcoin will play be in the future.
 
To watch the rest of this video, (and much, much more) become a Success Council Member right now
 

Cody Wilson on Anonymity, Defense Distributed and Dark Wallet

Members Area Highlights

In this interview Cody Wilson, made famous for his 3D printable gun talks about his libertarian philosophies and how they have shaped his career.

First we discuss his experience with the US Government during his time with Defense Distributed. An organization that released a blueprint file that made it easy for anyone with a 3D printer to create an automatic gun at home in just a few hours.

Second, the significance of Silk Road and Dark Market on those living under tyranny around the world Then we move onto the importance of anonymity in a free society. This belief led Cody to join Dark Wallet. An organization which hopes to make using the bitcoin protocol more anonymous by default than it currently is.

A very thought provoking interview. It will help give you an idea of some of the different factions in the bitcoin eco-system. As you will see some are attracted to the subversive elements.

To watch the rest of this video, (and much, much more) become a Success Council Member right now