David Lancashire 🟥
@dlancashi
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Unapologetic Saito Maxi | Building @SaitoOfficial
Beijing, China
Joined September 2012
Saito is now doing the daily transaction volume of Bitcoin Cash.
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Delighted to be able to share this news -- Europe and China!. In the future, this will be as important for the prior art and protection it offers web3 developers generally as the protection it provides Saito Consensus. Have a beer for us tonight!.
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@NFTnCryptoNerd @WesleyBKress @noBScrypto @ElrondNetwork Saito will use Elrond for smart contract support.
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A short thread -- let's try to explain the economic problem Saito solves in very simple terms. POW and POS don't pay for everything they need. They incentivize participants to "privatize gains and socialize losses" - do the paid work and let others cover the unprofitable work
@WesleyBKress @dlancashi @richard_parris True dat. I can't claim to totally see it yet, but the dawn has arrived thanks to Richard and David. It requires going down levels beneath the usual POS vs POW paradigm.
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Saito now supports NAT-penetrating peer-to-peer video chat. Help us test it out - have your next Zoom call over Saito:. An important step for getting peer-to-peer connections between browsers. Because video streams can be data streams too.
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ADVANCED SAITO. POS and POW are dead when majority attack. And they both incentivize collusion, so. good luck. But Saito works up to 100%. Sound crazy? Let's work through an attack where the attacker can produce 75% of the blocks. If you're new to Saito, this might be fun.
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Smartest community in crypto too. When we form a pub quiz team it is game over.
according @LunarCrush $SAITO community takes 40th place by social dominance metric . this is strong $SAITO community😊
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Thank you @_Biotechmcclain. Hat tip to @GGGEORGEGGGG for pushing this to the top of my feed.
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Saito is growing like Bitcoin. People hear about it. Then six months later they hear about it again. Strange - it hasn't gone away. "maybe I should look into Saito?". yes. in a few years anyone who wants to be taken seriously in blockchain will need to understand routing work.
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Pointed a couple of people to this doc over the weekend. Fairly matter-of-fact description of Saito Consensus works. No mention of the problems or what Saito fixes. Just "how it works". Trying to get this and more into wiki in more digestible form.
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Quick update on what is happening behind the scenes at Saito with our WASM update. Shortest version -- we're expecting to have Rust running in the browser live on-site later this week.
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Every feature builds on the others and is available to all developers who want to build apps on Saito:. - qrcode scanning. - video calls. - other crypto integration. - keylist contact management. - games + media distribution. - appstore. - emails. - tweets. and more. .
$Saito is slowly building a monster. The chat feature is live, the arcade is live, the video chat is live, and a brand new social media platform will be finished soon. $Saito is bringing #web3 to life!.
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Thanks for covering Saito in your latest video, Derek. And to everyone else helping to spread word.
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Saito 2019 - "you should worry about transaction monetization and closure on the network layer.". Vitalik 2019 - "those attacks would be suboptimal.".
@zengjiajun_eth At this point I am more worried about attacks on the network layer than on other parts of the protocol.
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A lot of substance in this thread!. ime, most of what people find initially confusing about Saito isn't Saito -- it's how free markets and blockchains actually work. This is why most introductions start with POS and POW. You have to see the problem to appreciate the solution.
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Something about Saito Twitter -- there's a shift in the way that people talk about crypto once they understand how Saito works. I think maybe it's because the economic framework clicks and there's a shared, sensible language for talking about economic security and attacks, etc.
I think it was like 2 months ago when I had that ah huh moment with $SAITO i knew about it longer than that. But once you have that moment how needed this project is for the entire Crypto space you wish you bought more when you first discovered it. Some know this feeling already.
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Video Chat on Saito more reliable - we're hunting for devices with systematically-reproducable errors at this point. If you're still using Zoom, try for your next call. We're better. And reach out if you see a problem so we can fix it.
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We're working hard on the tech, but getting ppl to understand the problem and why we need Saito to solve it is so important. Wesley has hit this out of the park. The "why closure" angle is more complex, but this cuts through an incredible amount of cruft very well: read & follow.
1/ I bought more $SAITO The breakthrough in $SAITO is more significant than #BTC Reason is simple #BTC is a volunteer network that will never be able to scale commercial sized networks as volunteer🌐turns to a closed point at scale @dlancashi 🧠 I will give an analogy & insight💡
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Happy to share our first "Saito Implementation Proposal" on using ATR mechanism to issue staking payouts. Benefits include the ability to guarantee perpetual storage, and eliminate the need to stake. Looking for community feedback and improvements!.
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In a space where many are trying to be influencers, @WesleyBKress and @MichaelGKress are setting themselves apart as educators.
I have heard👂❤️all of your wishes to have my content from twitter in a more accessible secondary format, i.e. website. #CryptoWithKress website will be out this month. It was delayed due to helping with other projects on @ElrondNetwork. Are U ready?🤝🚀#Crypto. $eGLD $CEL $SAITO
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the world being reconstructed by red cubes - anonymous
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So the problem is deeper. Saito is the only network that solves it, but it will take time for ppl to realize why. This is why:. Any business model capable of powering "free" requires Infura or its replacement to monetize tx flows and eat a portion of the tx fees they collect.
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Saito has just entered its Thunderdome Era:. The good news is that no-one on the subway understands Saito yet, so we're all safe from getting mugged while wearing this stuff for a while yet.
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At this point, i need a bot that will just retweet everything Georges writes. He gets it. Worth a follow if you're not already there.
$SAITO will remain the biggest innovation in consensus design since the invention of POW whether it’s evaluated at 0.01 or $10.
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P2P comms usability is getting a lot better. Victor is doing heavy lifting for all of us here:
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Richard caught me gesticulating, but that's because I'm loving the most recent update to the Saito Video Call UI. If you want Zoom out of your life, visit Red Square, click on the top-right hamburger icon, and select "video call" from the slide-in menu.
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Haven't read a single tweet pointing out this nonsense was caused by people trying to extract profits from consensus mechanisms that didn't protect against fee extraction. There's a reason those approaches are unsustainable. The underlying problems are at the consensus level.
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I've submitted an application to give a talk / lightning talk at ETH Devcon on cryptoeconomics - that tx fee optimality is solvable (ETH researchers claim otherwise). If you're in the ETH Community, pls reach out to the organizers in support of this talk.
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Saito Videocall is getting very good. For those that still don't understand why you need permissionless P2P comms?. Anything that integrates P2P video/audio comms with crypto needs to be done on an open baseline or it gets wrapped in closure/monetization.
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UPDATE: hope everyone likes our latest updates to the RedSquare UI. It'll take us a day to get all the small issues with the UI patched, but feedback is very welcome. We're expecting improvements to the username registration and account recovery process later this week.
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RedSquare is really coming along. If you haven't visited in a while, please drop by and help us figure out what to patch / fix / improve.
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Everyone who understands Saito is going to be a legend. We have a great community. Thank you @mvricrypto.
@Devrim992 @dlancashi is a legend. He will prove with his work along with Richard. Both 🧠.
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I wonder if one of the reasons some people struggle with Saito is that the problem shifts from "how to produce blocks" to "how to collect payments.". So I'm thinking of shifting the way I explain it. Might try the following in the next interview/podcast. Feedback very welcome.
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@epolynya @brickblockcube Saito does not have majoritarian attacks. Cost of attack is inverse to percent of work controlled by attacker. Always positive. No validity proofs because those approaches are fundamentally broken. And no inflation (block rewards subsidize attackers & are unsustainable).
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Saito Consensus in a single page:. It's simpler and more elegant than POW or POS in many, many ways. Less to assume. Less to go wrong.
🟥 $Saito is the 1st self-sustaining blockchain. How? It distributes network fees to those that contributes to it. Eg. building dApps, providing infrastructure, nodes etc. The better these things are, the more income is received, the greater the network becomes. Economic harmony
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ADVANCED SAITO:. POW and POS use external markets for hash/stake to regulate block production. Saito Consensus eliminates them. This is difficult for POS and POW developers to understand. ( isn't this impossible? surely there is a reason we need hashing / staking! ).
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Justin is doing a public service with this series. the quality of public discourse around blockchain has fallen to the point that people have forgotten truths they once knew - that technical complexity and "decentralization" is not the point but what we want from it.
The Bons Review will finally be released next week!. In-depth 3hr+ critical discussions with cryptocurrency founders are exactly what this space needs. Critical, knowledgeable, civil & kind. The Bons Review will highlight innovation & expose scams, as truth is our guiding light:
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sometimes you get a really productive day of coding. that was today. for the whole team. update is getting tested on staging - it should clear up issues we've seen with the CPU grinding in ways that creates lag for applications and unhappy forks.
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This was the conference where @VitalikButerin called me a BSV shill for pointing out POW incentive structure was broken and would lead to cartelization (hello TAAL). They will all figure it out eventually.
The difference in vision: Saito focuses on what was previously impossible, rather than merely improving what is already possible. (2019)
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Saito is a full solution to sybilling, majoritarian attacks that provably destroys several unsolvable problems. Fully-distributed market cap is less than 100m. Alex does a deep-dive into the tokenomics here.
Hey Saitozens,. In this thread we will breakdown Saito’s tokenomics. With a circulating supply of 3 bb tokens and a total token supply of 8 bb tokens set to circulate over the next two decades, here's a detailed breakdown of what's happening now and what's to come 👇
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Some problems are unsolvable in the classic POW design: incentives to hoard txs fees, privatize fiat inflows, and socialize ledger costs. If we want a scalable version of Bitcoin we have to fix the incentive misalignments. Debating unenforceable "rules" does nothing.
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The dominant ideologies in blockchain:. - "the free market will not destroy the network" (economic). - "decentralization gives us The Satoshi Properties (openness and self-sufficiency)" (technical). - "Vitalik said these problems are unsolvable, so i don't need to think" (sloth).
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@pipeno_e You can find a lot of information here:. If you're not sure why we are working on Saito and are having trouble seeing the incentive misalignments that are fixed, this video might help:.
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@tazoncrypto @gordonmescudi @GGGEORGEGGGG @SaitoOfficial @richard_parris A lot is happening so it would be a distraction to do this right now. we're serious about getting Saito working with EGLD and there are obvious ways to push things forward. so. think about it at the right time.
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@Bjorksbxtch Read the film more closely. You're not supposed to take sides in TDKR. The conflict is like the football game. Batman is the hero the corrupt city deserves but "not the one it needs." Your romanticizing the character is why you misread the film here.
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For people asking my opinion on MEV:. How to solve MEV: tax nodes whose blocks contain it. Problem? This requires (1) identifying when MEV exists, (2) measuring value extracted. Which likely means default transaction ordering. Since neutral baseline needed to measure divergence.
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The issue isn't that Infura controls access to the network: there are alternatives. The issue is that none of those alternatives can "outcompete" free. This is why Infura has essentially ALL the marketshare and everyone else has basically NONE.
If Metamask/Infura is open and willing to block countries like Venezuela by IP addresses, it's only a matter of time until they are forced by regulators to censor individual people's IP addresses. We need alternatives immediately, hoping that Alchemy and others don't do this.
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POW and POS networks should be deploying their volunteers right about now.
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Grateful to @seanybitcoins for recording this show. This tackles Saito from a slightly different direction - we talk about how the Consensus layer is able to tax attackers without taxing not non-attacking for-profit nodes. feedback welcome - new approach & curious how it works.
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The first steps to understanding Saito have nothing to do with Saito:. 1. why are you saying POS is broken?.2. the free market will fix that.3. ok, how about fixing it this way?.4. ok, how about fixing it this way?.5. ok, what about this?.6. sounds like trade-offs are inevitable.
It’s going to take you a good week or two of deep diving $saito to actually understand the paradigm. Your brain 🧠 is memetically overloaded from the crypto space. #btc #eth
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Saito may be the only censorship-proof crypto in the entire space. If an attacker commandeers the chain and prevents users from moving their tokens, they make those users eligible for the ATR payout. just one of many radical improvements over POW and POS. .
The 1 project i was bullish on showed they aren’t censorship resistant. Nothing in crypto seems innovative atm, not sure if i’m looking in the wrong area but have 0 clue where to invest. Its nearly impossible to be censorship resistant and fully decentralised, feels like we are.
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Now that enough time has passed we can be critical, I think we all need to call out @aiwanisz on his breach of netiquette in this otherwise excellent video on Saito:. I see a cat in his Twitter profile pic, but IT DID NOT APPEAR IN THE VIDEO. Disappointed.
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The web3 crew like @cdixon miss what @0xluminous sees: decentralization doesn't matter if the firms who pay for everything emgorge it. Rely on volunteers or fix the incentives so your blockchain stays open at scale.
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A shard is a smaller cluster of machines. Sharding literally sacrifices decentralization. It also adds attacks on using tokens (moving them "across shards"). so lower security too.
1/6) All design decisions have trade-offs:. Sharding, however, does not compromise security or decentralization, unlike "L2 scaling"!. Sharding is clearly the future of scaling!. Exceeding 100k TPS with the only trade-off being a mere few seconds delay (cross-shard communication).
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Assume Arthur is being a bit tongue-in-cheek: the video isn't for dummies, but he really does an excellent job outlining why the problem exists and how it manifests in other chains. I'll be stealing his analogy about the carpenter who expects free wood from. somewhere.
$SAITO for Dummies. Much needed video.
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Take a Saito network. Now swap the fees paid by 2 txs that hit different first-hop routing nodes. CONGRATULATIONS: you've changed security without affecting scale or decentralization. The scalability trilemma doesn't exist. The ETH folk will figure this out eventually.
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@technologypoet Come on Vanessa, if you're going to FUD, don't FUD about something anyone with a browser can fact-check:. You should put aside your terror of being dumped on by the top-10 whale with 0.5 percent of the network and wonder what he's knows that you've missed.
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A fraction of a fraction of a percent of devs understand their underlying problems with blockchain scaling are based on issues with value-measurement that only Saito can solve.
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Growing application volume is critical to generating security. Credit to @dsworlton for a lot of the work improving the applications and games lately.
We just had over 300k tx on the #Saito #blockchain last week, a new weekly record! And it's just starting, just a few have woken up and begun to understand that this is the future, now imagine when it becomes the mainstream!.$SAITO #crypto
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Still under development, but. Following someone on Red Square is adding their address to your wallet/keychain. You can load their posts from the chain from their archive service. Eventually ppl can make direct P2P connections with their friends whenever they're both online.
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Saito is pretty much a "this is water" moment for blockchainers. cost-of-attack was coming from the consensus-layer all along. .
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interesting chart from Richard this morning -- remove poker and a couple of the more minor network utility apps, and our web3 usage breakdown is:. 60% gaming.20% social media.20% chat + comms. be interesting to see how this changes over time.
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we've just updated in response to community feedback. changes are intended to make it easier for technical users to find the substantive materials on w/o complicating the less technical explanations. suggest incog for latest css
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Saito has a very educated community. :).
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@EGLDIsTheWay Saito can make these problems go away for other chains. our job is to collect money for the underfunded parts of POS networks. so - yes - we are very bullish on having EGLD as an on-chain asset running on the network. and smart contract support to hopefully follow. enthusiastic!.
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do people seriously not realize that when you shard a network fewer machines process individual transactions?. fewer machines is "centralization". not a trilemma solution. not even close.
We can scale blockchains massively today!. Without compromising decentralization or security, unlike "L2 scaling". Sharding splits the workload between validators, raising capacity while keeping node requirements low!. This is how EGLD & NEAR have solved the blockchain trilemma.
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Saito is the real deal. We understand the underlying problem. We fix it in a way no-one else can.
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@coinyeezy never sold a single token. not everyone is so cynical. you should look into how Saito works.
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This is a really good thread on Saito. To the point and direct about why Saito is revolutionary. Any other network would make a huge deal about solving even one of these. Thanks @__recursion__.
Unlike POW/POS, Saito has no 51% attack. There is no majoritarian attack. Cost of attack is always positive (>100%). It can bankrupt nation states. All you end up doing is transferring your wealth to the network. See attack vectors:.
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@GGGEORGEGGGG @frogking69 @SaitoOfficial It's a hard problem as the shitcoin strategy of offering every buyer a new low may not be an option in Saito, which isn't fundamentally broken like POW. anyone here can email proof-of-work. we're happy to help anyone who understood Saito in 2018 and contributed to the project.
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@hashoshi4 @SaitoOfficial @richard_parris and I both love to talk shop, so I guess it depends on what kind of focus?. For economics and incentives (Saito vs POW/S) I’m likely the best guest. Richard is better for practical chat about how Saito changes life for devs/app-space. email: shirley@saito.tech.
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@Trajectory117 @WurmRobsch @_Biotechmcclain @GGGEORGEGGGG Saito has all the properties of L1 BTC, plus incentives for data storage both on and off-chain that are missing in BTC. LN can run on Saito too. Saito can even pay for BTC LN nodes and liquidity. Better is good!.
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Saito pays nodes for collecting fees regardless of who produces blocks. Block producers are simply last-hop fee routers. No 51% attack. Having 51 percent of routing work earns at most 51 percent of the block reward on average.
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Saito Insight:. The property that changes in distributed consensus at point of majoritarian control is not what most ppl think. It has nothing to do with finality or CAP theorem. What changes is that the cost of orphaning blocks/ignoring proposals from other nodes falls to zero.
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There are at least 4 apps running in this screenshot. One subtle reason why decentrized PKI apps matter. Not only trustlessness in execution, but also combination (and "de"-combination).
#Web3 crypto integration being tested right now on the $Saito staging site. This is how it looks like to play a poker game gambling $TRX on the arcade, while trash talking your opponent on the P2P video talk module and the chat !. Soon $XRD $EGLD $ETH $DOT $BTC 👀. Saito is 🔥🔥
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heads up that we're looking to have a twitter space in about two weeks to update everyone on what we're working on and what to expect in the next couple of months. lots to talk about. we've done evenings in asia before, and mornings US. should we be mixing it up?.
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how to solve sybilling:. 1. derive work/payout from fees.2. profitable to share w/ others.3. costly to share with self. 2+3 is hard part once #1. b/c if having txs helps you, why doesn't sharing help those who want to cheat you?. I do like the slide. Explains POS issues well.
@tarunchitra You should be digging into Saito and routing work @tarunchitra. It is entirely possible to achieve your trifecta on L1. Formal proof linked here if curious:. The critical shift comes from asymmetrically costly state transitions for those who orphan work.
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this is legitimately a PSA. the vast majority of ppl in the blockchain space haven't researched Saito and don't understand how fundamental Saito is as a solution:. sybil attacks? priced.majoritarian attacks? solved. an hour spent on Saito today will save years of time and money.
Public Service Announcement: Stop sleeping on $SAITO.
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"If you don't do your homework, you won't pass math class.". Most people realize there are two possible outcomes here. But what about:. "Miners will pay for the network, or they won't get paid.". or. "Nodes will share transactions, or their blocks won't propagate quickly.".
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pleased with how RedSquare is coming: tweeting is easier, web3 crypto support more stable, and we're working on improving game integration with invites and leagues in that right-hand sidebar. day-to-day progress slow. week-to-week progress fast.
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A cost-of-attack over 100 percent makes Saito the only consensus mechanism where collusion is not incentivized. The free market will eat everything else.
$SAITO is definitely one of the superior cryptos out there if you ask me. $SAITO is a Layer 1 that focuses on Gaming and much more. $SAITO powers communication tools, games, social media apps, and other bandwidth-intensive apps. $SAITO protocol has a below-zero cost-of-attack
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this is what it looks like when you're a cat and you've come to wreak apocalypse on proof-of-work and proof-of-stake.
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i should probably mention that this is an open invitation for anyone serious about blockchain - and most influencers aren't!. you don't need to be an influencer for us to care about you - we are convinced the ppl who understand Saito will be the core of the next generation anyway.
@Saitodler @JackJWard @takegreenpill @richard_parris i'd actually suggest a private call with us or @brickblockcube or @EmersonDickie to talk about Saito before even thinking about an interview. Saito is not like a cookie-cutter POS or POW network. fielding generalist questions would be a missed opportunity 4 anyone capable of more.
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latest updates to RedSquare looking pretty solid. ability to edit and delete your own tweets should go live next update, which may be as soon as later this afternoon.
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Am grateful to @AttilaAros for pushing beyond tech and into economics in this show. I hope ppl like it, and that having these open conversations pushes more people to look at the incentive layers and what can and is going wrong on them.
Attila Aros Co-hosts CryptoBitz to talk about the Saito project with Co-founder David Lancashire. Join us in the live chat box NOV 23rd at 1PM EST. @AttilaAros. @dlancashi. @SaitoOfficial.
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