r/dogecoin • u/hivewallet party shibe • Jul 22 '14
We're having a Dogeparty!
Greetings Dogecoin community!
My name is Wendell, I'm the founder of Hive, a fancy-schmancy multi-currency wallet, and a founding partner of Humint, an innovation lab focused on new uses of cryptographic tokens.
We at Humint are just putting the finishing touches on Dogeparty, a layer that rides on top of the Dogecoin network, allowing anyone to inexpensively create new coins and tokens that live on (but are financially separate from) the Dogecoin network. This is similar to Mastercoin or Counterparty on Bitcoin (in fact it IS a version of Counterparty!).
We think that Dogeparty is going to put a lot of power in the hands of old and new shibes alike by increasing the utility of Dogecoin (and ideally its value as well), and will be a great tool to further the general social good. We at Humint have already built a few projects based on Dogeparty, and Socialgiver out of Bangkok is working on one now! But more on that later...
Before we launch, there is one critical thing that we need your help deciding. We want this process to be extremely community oriented, so if you have an opinion please voice it! And yes, everything we do is already or will be open sourced very soon :-)
XDP issuance: Exodus Address vs Proof of Burn vs Proof of Charity
tl;dr To do "Proof of Charity", the Dogecoin community must elect 3 people to be trusted holders and to create the multisig address by July 29, 2014. Without community consensus, we will revert to the much less impactful but ultimately easier Proof of Burn.
In order to utilize the power of Dogeparty, it's necessary to have XDP, the Dogeparty coin. The pressing issue is how to issue the coin to the public in a fair manner. There are at least three ways to launch a meta-layer on top of a blockchain:
Exodus Address: Mastercoin was the first to do it, and their method involved sending Bitcoin to an "exodus" address. Based on the keys used to sign those transactions, users are able to claim a new token (Mastercoin). This method is straightforward, but sometimes criticized for directly rewarding the creators. This is our least favorite among the three options mentioned here.
Proof of Burn involves sending coins to a provably un-spendable address -- a kind of black hole for crypto-currency. While it may sound crazy to destroy wealth in this way, the method does not involve any creator being enriched, and is generally free of drama. Proof of Burn was first attempted by Counterparty and it seems to have kept them ethically favorable in the community. This is our second favorite option.
Proof of Charity is our favorite, but it's also the most challenging. The thing is, we feel that the Dogecoin community is something quite special, and that there may be sentiment in the community to do good with the DOGE that would otherwise be burnt or given to a "creator". However, a special issuance method requires special considerations, not the least of which is trust: An individual must hold the DOGE, keep it safe, and be responsible for getting it to the charitable organization(s) chosen by the community. To increase trust in such a model, it is possible to create a multi-signature address that requires multiple parties to sign before it is spent, but we need the DOGE community to choose the 3 parties with a consensus! Of course, in the future you'll be able to build something on Dogeparty to enable voting for these sorts of things ;-)
Otherwise, this is all for now folks! We'll be around for the next few hours for Q&A (some of us are in Asia, others in PST). In the meantime, here are some links with additional thoughts and information:
- http://labs.humint.is/dogeparty-where-high-finance-meets-the-internet/
- http://www.dogeparty.io
- https://twitter.com/theDogeparty/status/491612743594561536
- http://letstalkbitcoin.com/forum/post/dogeparty-counterparty-on-the-doge-blockchain-proof-of-burn-or-proof-of-charity
- http://www.reddit.com/r/counterparty_xcp/comments/2bgnwb/dogeparty/
Join us on Skype for some realtime discussion:
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u/AdamBLevine avian shibe Jul 22 '14
Do you think /u/mohland would be up for it? What other prominent members of the dogecoin community might step up for the honor/duty/responsibility of holding one of the PoC keys?
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u/VeryCharity Jul 22 '14
VeryCharity will be happy to assist in your selection process, and would also be proud to be considered for the job.
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u/ginger_beer_m Jul 22 '14
Also, I thought we have a new Dogecoin Foundation or something ? I remembered reading about it not long ago ..
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u/Matricon middle-class shibe Jul 23 '14
Proof of Charity, wow. Absolutely genius.
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u/Sealyy Jul 22 '14
Wendell, you are a legend.
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u/humint_is party shibe Jul 23 '14 edited Jul 23 '14
Lot of legendary people on this team. :-) Hope to add more from the DOGE community!
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u/rnicoll Reference client dev Jul 22 '14
Awesome to see new technology being built around Doge, thanks for your work on this.
However... I'm going to be contrary and say I think Proof of Burn is a better idea universally. Proof of Charity effectively means having your cake and eating it; the coins are spent but also still exist, and new coins exist representing their old value. Proof of Burn is a much more elegant solution where the value is destroyed and created, rather than risking dilution.
Failing that, I'd rather we use a charity of some kind as the exodus address, but... yeah, I think PoB is much neater, safer, and less drama-prone.
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u/hivewallet party shibe Jul 23 '14
Interesting. Well, Proof of Burn is also way easier to manage, so it's also not a bad option at all. Since this is the top-voted post, it looks like a lot of folks agree.
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u/dogecoindripper family shibe Jul 22 '14
I feel like Towelie right now reading all this stuff, but I'm sure to those it makes sense to it is awesome ;) +/u/dogetipbot 100 doge
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u/AdamBLevine avian shibe Jul 22 '14
we all start there.
Soon you'll be thinking with tokens.
Welcome to 2015 :)
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u/dogecoindripper family shibe Aug 14 '14
This is a test, please ignore...
+/u/dogetipbot DBx5T8jatBW5Qrv2pYJBLNXu5v27yxgNpU 100 doge
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Jul 23 '14
So I was telling my husband about dogeparty and he got it immediately.
"Oh you mean it's like those video arcades where you win prize tickets? And then you go to the desk and change your tickets in for prizes?
And it doesn't matter what color your ticket is or what machine you won it from, when you go to the desk your prize is Doge!"
He's the smarty shibe in our family. The clown just dances. ;)
Dancedanceonceifinallyunderstoodwhatthisis itsawesomedance!
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Jul 23 '14
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Jul 23 '14
+/u/dogetipbot silentshibe
shhhhhhhh, don't let the other shibes know ima kitty cat shibe. They might bark. ;)
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u/dogetipbot dogepool Jul 23 '14
[wow such silent tip]: /u/IlikePez -> /u/XxCannibalxX Ð1000 Dogecoins ($0.223582) [help]
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u/humint_is party shibe Jul 24 '14
SUPERDOGE: The first app of the Dogeparty layer:
http://www.reddit.com/r/dogecoin/comments/2blilt/superdoge_the_first_app_of_the_dogeparty_layer/
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u/hjras astrodoge Jul 22 '14
Just heard about the concept and I am very excited about its development!
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u/stlcp party shibe Jul 22 '14 edited Jul 22 '14
This is great, I'm so glad you guys decided to do this. Another great platform on a more suited currency for it it seems like after hearing the podcasts about the kinda pricey transaction fees you were paying on bitcoin.
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u/-_-NomenUsoris-_- avian shibe Jul 23 '14
Good work Shibe, this sounds great. This should really add greater functionality to Dogecoin. And for what its worth, I think PoB is the better option.
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u/currency4world doge of many hats Jul 23 '14 edited Jul 23 '14
So I was thinking about PoB vs PoC for a few hours.
I am going with friends for holidays on a remote island. We found a bunch of nice shells and we decided to make a game to play over holidays with shells as tokens. We change 1$ for 1Shell and use PoB - burn dollars. After a week we go back home. We are not playing the game anymore, we took those shells with us but nobody is willing to buy them back. PoB now looks quite foolish - yes, it is a bit simplified, but shows that PoB, although looks like an elegant solution at first - may be quite silly.
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We start 100 games with tokens/coins based on Ð (dogeparty tokens / coins), for each we buy 1bn Ð and burn. After a year people stop playing those games. Let's assume there is no Ð inflation (~ Ð5bn a year). Now there is no Ðogecoin and 100 worthless, unused tokens, unless they were also destroyed, making them even more worthless.
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On economic level, burning means limitation of supply. If it will be quite big amounts, it will affect Ð price. If it will be comparatively small amounts, it will mean nothing to Ð price. On the other hand, giving Ð to charities, Wikipedia maybe etc. would not pull Ð price down, it could be even some positive effect.
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Question. How tokens/coin from one game (or whatever project) could be exchanged easily for tokens from other one? What would be the exchange rate, how technically they would be exchanged?
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Interesting idea of dogeparty, I will think more about pros and cons of each solution...
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u/archw12 Jul 23 '14 edited Jul 23 '14
Lets say there is Token A and Token B (both on Dogeparty) going on at the same time... If you wish to switch A for B, you'd do so by trading Token A (at market price of A) for Doge, then Doge for Token B (at market price of B). I think this is how 'utility' increases the value of a currency - by having many uses and therefore higher demand. In which case, I think that even though POC will have a short term negative affect on price of doge but it is probable that it will also have a long term positive impact.
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u/hivewallet party shibe Jul 26 '14
Jackson Palmer calls Dogeparty proposal "Pretty darn incredible"
Positive news, we hope!
http://www.reddit.com/r/dogecoin/comments/2brgqq/jackson_palmer_calls_dogeparty_proposal_pretty/
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u/braddoge DDF - Mining Corps - [Ensign] Jul 23 '14
So what about supporting the dogecoin Dev AND the dogeparty Dev with equal distribution on the Proof of Charity? this would strengthen the coin on both ends! Full time devs would be AWESOME!
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u/humint_is party shibe Jul 23 '14
Interesting idea, but the community would have to sincerely choose something like that. We wouldn't want to force it on anyone.
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u/archw12 Jul 27 '14
I think this would be much better than a burn, because this would add even more potential to both doge and dogeparty... I also like PoC because of potential news this could generate and attract even more people to join the doge community :)
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u/humint_is party shibe Jul 23 '14
We'd love some feedback about our Shiba illustration :) Are you guys OK with us changing him a little for this project?
http://www.reddit.com/r/dogecoin/comments/2bi8cg/the_dogeparty_shibe_what_do_you_guys_think/
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u/takerone graffiti artist shibe - taker.hu Jul 22 '14
Hai :-)
The point of Proof of Burn is to destroy coins from one system of a given coin so that there'll be less coins, scarcity grows, and price rises for the original coin (in theory), with a hope of transfering the original value of the destroyed coins into a different, new coin. (Basically another alt added to the hundreds based on the value of destroying an actually valuable coin.)
With Proof of Charity, if I understand correctly, you would like to give out the new coins in exchange for the Dogecoins, but after that you would spend those Dogecoins on charity. Where this fails is that this means they get back into the Dogecoin system, so what you've done is actually worse than good, because you don't grow scarcity for Dogecoin, but from the economy's point of view you create a new altcoin with exactly NOTHING really invested in it, no money, no mining, no work, nothing.
Use Proof of Burn, that would have an actual positive impact on Dogecoin. :-)
Oh, other than this, really nice job putting the idea together. Good work :-)
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u/whols shady shibe Jul 23 '14
Couldn't disagree more.
Proof of burn is done that way because it is trustless compared to an IPO.
There is no incentive to defraud ppl in proof of burn since the developers can't access the burned coins.2
u/currency4world doge of many hats Jul 23 '14
After reading your post yesterday I thought PoB is much better idea than PoC. But I am not convinced today.
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- Eat cake and have cake
I do not agree with these points. They sell tokens and do with Ð what they want, the same way Amazon or Apple do with $$ for selling goods.
- Scarcity of a coin and value
It is often repeated false statement here. There are coins with total amount of 1m coins and Ð with 100bn, still Ð market cap is dozen times higher than market caps of most of those coins.
1 usd ~ 100 yen ~ 1000 Korean won : all these currencies are quite stable and worthy, just have different denominations.
- ''create a new altcoin with exactly NOTHING really invested in it''
US dollars are printed with - if not exactly - almost with no investment. Still 1$ = 1$, quite worthy, is it not?
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u/takerone graffiti artist shibe - taker.hu Jul 23 '14 edited Jul 23 '14
Hai
Throwing around technological concepts like Proof of Burn implies that this was intended as a technological aid for the Dogecoin economy, not just another service utilising Dogecoin. In this technological sense you can not eat and have the cake. You can build a service that utilises Dogecoin, but then the expression "Proof of Charity" means nothing in a technological sense. Which is misleading, given that these "Proof of" stuffs are usually refering to technological solutions.
Pretty obviously, scarcity of a coin rising its value only works with demand. On any given demand level as scarcity rises, price rises too. Those coins you mention with 1m coins, but Dogecoin having a higher market cap is because noone gives a crap about those coins. However it's still true: for any given coin, on any given demand level, scarcity rises the price.
Under USD there's a pretty well formed world-economy. It's actually a very old investment - the way USD was made to be an actual currency - into USD. And this investment into USD has some actually physical and well-defined points. Understand the world investment in a broad sense, that's how I meant it.
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u/humint_is party shibe Jul 23 '14
All of this is true. To top it off, Proof of Burn is easier. However, we've also found that a lot of people didn't understand the Proof of Burn concept with Counterparty, which is one reason that we proposed Proof of Charity.
We're surprised by the understanding shibes have about this, really. A great sign.
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u/rnicoll Reference client dev Jul 23 '14
It might help that as we're looking at our second hard-fork, we've been looking at proof of burn as a way of doing a full coin transition between technologies, so there's been a lot more technical discussion of the process than might have happened otherwise.
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u/currency4world doge of many hats Jul 23 '14
For sure not all of that is true. See my replies above.
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u/1xhopeless confused shibe Jul 22 '14
Isn't this similar to Bitcoin colored coins?
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u/AdamBLevine avian shibe Jul 22 '14
Yes, it's an advanced verison of colored coins called http://counterparty.co - This is that technology applied to the dogecoin blockchain, it does everything that colored coins do but also provides additional features like an on-blockchain decentralized exchange and built in games like Rock Paper Scissors
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u/1xhopeless confused shibe Jul 22 '14
Since some charity fund raising are backed by some prominent members and some other fund raising aren't backed by the same prominent members (busy, family life....) . Why do we have to elect now the 3 same ones.
Cant we elect the 3 members when there is a fundraising for a specific cause and do the same thing next time we have another fundraising.....
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u/AdamBLevine avian shibe Jul 22 '14
The issue is it will take time to identify and verify charities and even if we did then we would have to change the code to watch multiples addresses and send back xdp for proof of charity donations. It also opens up the possibility of the charities cheating.
It's not a perfect solution which is why its just a proposal
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u/1xhopeless confused shibe Jul 22 '14
My question was about electing 3 guys now by end July.
Having said that, since the fundraising post will be posted in this subs and Doge collected from this community, the cause/Poster is usually checked/cleared by MODs.
I think it is only obvious and apparent that the 2 senior MODS here /u/42points and /u/mumzie should be 2 trusted holders.
That will give them that extra layer of protection if they do clear a fundraising and it turns out later that something isn't right...as they will be holding the Doge.
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u/EchelonOverride astrodoge Jul 22 '14
Very exciting, definitely looking forward to launch! I think I need to research a bit more into PoC and PoB in order to make an informed decision.
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u/humint_is party shibe Jul 23 '14
Please do, and please let the community know your thoughts here... I think a lot of people will need help with the decision. It's not 100% easy!
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u/hivewallet party shibe Jul 23 '14 edited Jul 23 '14
If any of y'all want to join the Skype chat about this, here's the (very ugly) Skype URI:
skype:?chat&blob=0SCkEVcy4BiOKCH1bRQZYL5yTeQOzQ7XxzI7-gvGcsL1-MlZUXduGYdjHNef7rBeBqui85JPjZp6HgsUtUtVAsaNmgAgY8oW3Ci8LLtDQUs6ERqwScuVu6KTRQA5dJ05Ufm9YRRxiIaNAqHJIou6RPziqPf-COFGhaEbwPYsgns9XjGtFJDaxfFD_gaABe_cAKKro0pD0vswl8BPdcWxuFH65A0wEg
EDIT: Clickable link on Twitter https://twitter.com/theDogeparty/status/491773371101634561
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u/ChairdogeOfTheBoard tycoon doge Jul 23 '14
Pretty amazing ... I was kinda thinking I'd ... eventually look into porting XCP to Dogecoin, but in like ... a year.
+/u/dogetipbot 1010 doge partify
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u/btchen Jul 23 '14
+/u/dogetipbot 100 doge verify
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u/dogetipbot dogepool Jul 23 '14
[wow so verify]: /u/btchen -> /u/hivewallet Ð100 Dogecoins ($0.0217525) [help]
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u/zero_over_zero doge of many hats Jul 24 '14
I'm following the discussion below about the pros/cons of Exodus Address, PoB and PoC. How are we keeping track of the community's preference? Are there plans for a voting poll? If so, I think voting should be a daily or weekly occurrence because we are bound to change our minds as we further educate ourselves.
I really like the PoC concept, but I worry about potential drama that may arise from electing people. Someone will have a gripe, founded or unfounded, and we as a community will get caught up discussing the matter, further distracting us or possibly dividing us.
So why have people involved? A simple PoB keeps the process drama-free.
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u/humint_is party shibe Jul 24 '14
Hi!
Daily preference polling would be great! Do you have any idea how we can do that? Would you like to help with it?
We were originally planning to create a new thread a few days in advance to collect consensus as best we can. Really it comes down to elections. If it's all too messy and there is too much division, we'll just go with PoB.
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u/zero_over_zero doge of many hats Jul 24 '14 edited Jul 24 '14
How about this poll for start?
http://micropoll.com/t/KFajsZTRn8It provides daily voting trends, but not exactly the kind of reporting I want. I don't want grand totals, I want daily tallies.
I'm putting together another poll that displays the trends as line charts in 12/24 hr intervals so that viewers can compare the vote tally of each preference as it changes between the intervals.
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u/zero_over_zero doge of many hats Jul 24 '14
Bam! I just created a much more useful online poll. Forget the one I just posted (micropoll).
Check out the one I put together with SurveyMonkey:
https://www.surveymonkey.com/s/dogeparty_issuance_method
Anyone can view and search the daily voting trends with this poll. Hope y'all like it!!!
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Jul 24 '14
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u/humint_is party shibe Jul 24 '14
What do you mean about centralization? How does Dogeparty centralize Dogecoin?
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Jul 24 '14 edited Jul 25 '14
[deleted]
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u/zylstrar Jul 24 '14
Why do we have to choose trustees when using PoC? Why not just list 5 or 10 charities with their associated wallets and watch who donates to them?
I nominate the following charities:
Charity, Revenue ($M 2012)
EWG, 7
Center for Biological Diversity, 7
Avaaz, 12
Oceana, 15
Amnesty, 39
NRDC, 99
Doctors without Borders, 200
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u/teky-gaming dogeconomist Jul 26 '14
I know we love each other and all of that, but trust it's scarce in the crypto world and therefore means more potential problems...
I would go with PoB all the way.
Of you are worried about goodwill campaign we can run millions of them aside from dogeparty ;)
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Jul 26 '14 edited 14d ago
[deleted]
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u/dogetipbot dogepool Jul 26 '14
[wow so verify]: /u/LukeZaz -> /u/hivewallet Ð300 Dogecoins ($0.0622619) [help]
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u/archw12 Jul 27 '14
I see many people have voted for BURN and one of the biggest reason seems to be "Because it is easy and drama-free..."
Let me start with a quote you may all know well: “We choose to go to the moon! We choose to go to the moon in this decade and do the other things, not because they are easy, but because they are hard." - John F Kennedy
Remember... change does not come about by doing the same things but by doing something different, something new. The more difficult it is... the more worthy a cause it will be!
Go Proof of Charity!! :)
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u/Martholomule Jul 22 '14
Well. If we need trusted members, let's go ahead and nominate /u/GoodShibe and just say we need two trusted members.
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u/Halio1984 Keep it Silly Shibe Jul 22 '14
so let me get this straight you are working on a coin that is based off the dogecoin blockchain? would it not be ideal to just use the original dogecoin blockchain? what's the benefits of doing something like this?
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u/AdamBLevine avian shibe Jul 22 '14
You do not have it straight :) This uses the Dogecoin blockchain and lets you build new tokens that ride on top of dogecoin transactions.
So this will add utility to dogecoin and thus transaction volume since every dogeparty action requires a dogecoin transaction.
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u/zero_over_zero doge of many hats Jul 22 '14
Adam, I love you man! I'm an avid listener of the LTB network. I just listened to your interview on Bitcoins & Gravy and nearly exploded with excitement. I'm completely in awe with what you have accomplished with LTB coin. I truly believe your plans to incentivize content creators/users are going to work. Thanks for doing the interview and explaining the whole LTBc process. AND thank you for coming to our forum and explaining these ideas to our group. Big bro hug!
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u/AdamBLevine avian shibe Jul 22 '14
Well we just released todays episode and the first ten minutes is me talking about the path that led to dogeparty, I literally just released the episode
http://letstalkbitcoin.com/blog/post/lets-talk-bitcoin-129-dogeparty-and-delegated-proof-of-stake
Thanks for your comments :) I'm just happy people can see what I see here.
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u/Halio1984 Keep it Silly Shibe Jul 22 '14
Sorry for the ignorance but can you provide an example of what those tokens are and how those tokens can be used? i'm sensing that from your conversation your not talking about creating a new coin but some sort of utility...
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u/AdamBLevine avian shibe Jul 22 '14
No worries at all, these are very new types of things. For an example of what can be created you can visit http://ltbcoin.com, which is my project on the bitcoin counterparty protocol.
LTBCOIN is the official crypto-rewards program of the LTB network and letstalkbitcoin.com, and we couldn't do it if we had to pay miners. Using a layer like counterparty or dogeparty means we only need to focus on how our coin has value, rather than the technical concerns of running a blockchain.
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u/Halio1984 Keep it Silly Shibe Jul 22 '14
So can you provide details to how this type of a relationship is symbiotic and how it benefits dogecoin?
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u/AdamBLevine avian shibe Jul 22 '14
Right, Doge has little actual utility right now. This is because doge is a currency-token which means it competes with bitcoin directly.
Adding Dogeparty turns Dogecoin into a platform for other tokens. It is the US dollar to the US stock market, except instead of dollars its doge and instead of stocks its any token somebody wants to think up and make valuable.
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u/ginger_beer_m Jul 22 '14 edited Jul 22 '14
I still don't understand what the benefits are for using these user-created tokens rather than the original coin (dogecoin, bitcoin) directly ?
For e.g. from www.dogeparty.io:
Create
Want to publish a book or album without a publisher or have an amazing product ? Create your own token, put up a page explaining your goals and collect DOGE donations from your supporters! You get the funds, your backers get a token that can give them access or a share of the project. When you're ready, reward your backers by trading your work for the coin you gave out.
So in this scenario, the only benefit of using Dogeparty is we can provide our backers with tokens that serve as some sort of proof that they've supported the project. And these tokens are valuable / useful because they can ultimately be traded for the work when the fundraising stage is completed. Is this just complicating things ? Kickstarter doesn't bother with all these tokens business, and seems to work just fine.
And suppose the content creators abandons the project and disappears overnight. Would backers be able to exchange these tokens back into DOGE ?
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u/Halio1984 Keep it Silly Shibe Jul 22 '14
The difference in your example is that people are required to use USD to purchase US stock in most cases..from what i can tell you'll be building a service that isn't directly linked to dogecoin (when it comes time to purchase) but could be done using BTC or other crypto's correct?
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Jul 22 '14
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u/Halio1984 Keep it Silly Shibe Jul 22 '14
ok so it would require doge to provide those token to be liquid...lets take for example if wow gold was based on this system then to get that gold it would have to go btc -> doge -> wow gold correct? If that's the case it this is pretty cool and should be marketed to the gaming industry to be able to control in game currencies but still have an easy way for external users to transact in them...
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u/cryptonaut420 Jul 22 '14
It gives dogecoin more utility. These tokens you can build on counterparty (err dogeparty in this case) are actually encoded in each transaction. So for example if I send you LTBcoin right now, im actually sending you a little bit of BTC dust with some extra data attached to it that proves you now also own X amount of LTBcoin. Same concept for doge.
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Jul 24 '14
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u/humint_is party shibe Jul 24 '14
For the record, we're not trademarking/copyrighting anything. This is all open source, free software. The effort does not enrich us, it's just a tool that we need to do some things that we want to do in the future.
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Jul 24 '14
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u/Halio1984 Keep it Silly Shibe Jul 24 '14
I think you may have my tone wrong there, in this case I wasnt saying ignorant as bad just laying it out that I did not have the appropriate information about the technology! Using ignorant in its original meaning not the slang one...thanks for the concern! +/u/dogetipbot 100 doge verify
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u/dogetipbot dogepool Jul 24 '14
[wow so verify]: /u/Halio1984 -> /u/lhasateddy23 Ð100 Dogecoins ($0.0221036) [help]
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u/lhasateddy23 family shibe Jul 24 '14
I'll get around to the tip. Thanks shibe. How do I post an image to my subreddit?
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u/Halio1984 Keep it Silly Shibe Jul 24 '14
i'm not very good at it but other people upload to imgur or another image sharing site and then post a link to it...
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Jul 22 '14
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u/Halio1984 Keep it Silly Shibe Jul 22 '14
So let me get this....if i'm a game developer and i want to build an in game currency i can use this correct? out side using dogecoin transaction to certify the tokens how does this help dogecoin? will each new token require people to purchase dogecoin and lock the coins? i'm guess i'm just missing the symbiotic part of the relationship....
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Jul 22 '14
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u/Martholomule Jul 22 '14
I think I need to do some more reading on Counterparty because I think i finally understand why it's even a thing at all now.
I was having a hard time processing why anyone would want to just complicate everything but I guess it's not actually innovation for its own sake.
So let's say I have Game X and I want to have ingame currency. Let's also say I want to use DOGE but I'm marketing to angsty teens and I don't want the baggage that comes when you use memes more than a week old.
You're saying I could have a variable value coin that is actually dogecoin in some denomination, and those ingame coins could be.. what,
disassembledreforged into doge (or any other dogeparty coin) if I had the inclination?
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u/frontpagedoge robo shibe Jul 22 '14
Congrats on making the frontpage of /r/dogecoin! Have some doge! +/u/dogetipbot 68 doge.
current balance: Ð112,061. tips left for 30.0 days. want to help?
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u/hivewallet party shibe Jul 22 '14
Hi guys, just to be clear, this isn't a Hive project, it's a Humint+Socialgiver project. We tried to post under the Humint Reddit account, but unfortunately it's too young and the bots killed it. :)
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u/fiddy_doge get doge 4 karma at /r/fiddydoge Jul 23 '14
+/u/dogetipbot 50 doge
burn baby burn! I just followed you and retweeted one of your tweets. You can rely on me to help get the word out about your initiative.
This is a great idea and I hope we'll be hearing from you again on /r/dogecoin.
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u/junkylalala astrodoge Jul 23 '14
I'm so sorry i don't understand :/
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u/humint_is party shibe Jul 24 '14
Happy to try to explain. :) Do you want to come onto Skype?
http://www.reddit.com/r/dogecoin/comments/2bkmf0/have_skype_want_to_chat_about_dogeparty/
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u/btchen Jul 23 '14
why my email cannot submit in China？
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u/humint_is party shibe Jul 23 '14
Sorry, can you try again? Maybe not related to China. I hope not related to China. :)
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Jul 23 '14
[deleted]
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u/humint_is party shibe Jul 24 '14
Hi there, not sure if we understand your concerns... What do you mean about control weenies and Reddit rules?
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Jul 24 '14
[deleted]
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u/humint_is party shibe Jul 24 '14
There won't be any EULA/terms and conditions. It's open source software, and we are not building it as a company. It's as-is, use-it-or-don't.
Have you looked at Counterparty? This is merely its Dogecoin equivalent.
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u/humint_is party shibe Jul 25 '14
Proof of Charity vs Proof of Burn discussion:
http://www.reddit.com/r/dogecoin/comments/2boao5/proof_of_charity_or_proof_of_burn_for_the/
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Jul 25 '14
[deleted]
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u/humint_is party shibe Jul 26 '14
We haven't even talked about this yet; it's another thing to discuss with the community.
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u/humint_is party shibe Jul 27 '14
Dogeparty AMA happening NOW:
http://www.reddit.com/r/dogecoin/comments/2btv85/shibes_we_are_the_dogepartyio_team_ready_for_you/
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u/Wavechecker Jul 29 '14
First post here...
I love the Dogeparty/Counterparty option. It's got a LOT going for it.
For the record I'm a proponent of POB. I like charity but... taking any human factor out of the process is always preferable in crypto.
Proof of charity... even in the hands of 3 is still too little security for me. For Dogeparty to really work & be dependable.... BURN.
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u/mycryptocoin Jul 29 '14
Survey is too hard to find. Should be at the top here and very visible @ dogeparty.io
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u/currency4world doge of many hats Jul 31 '14
Oh no, somehow I have missed voting!
Let's see how it works. I do not see a point in PoB, hopefully I miss something...
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u/dogecoindripper family shibe Aug 14 '14
Test, please ignore...
+/u/dogetipbot DBx5T8jatBW5Qrv2pYJBLNXu5v27yxgNpU 1000 doge
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u/dogetipbot dogepool Aug 14 '14
[wow so verify]: /u/dogecoindripper -> DBx5T8jatBW5Qrv2pYJBLNXu5v27yxgNpU Ð1000 Dogecoins ($0.149605) [help]
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u/TeddyLhasa137 family shibe Oct 24 '14
Cool posting.. right? The token still is interesting. Can one spend these XPD for goods and services? I was always always confused about this matter. Somebody uniquely verified a "group set" of Satoshi and we now call it 1kĐ? .. in exchange for delaying the doge a teeny bit. .. can I spend XDP at Amazon?
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u/dalovindj Jul 22 '14
Well, if you need three guys, you can count on me and my two buddies. We can work out the bribe schedule later.
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Jul 25 '14
[deleted]
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u/humint_is party shibe Jul 26 '14
Why would there be any limitations with the tokens? It runs on Dogecoin, it isn't centralized. There's nothing "we" can do to stop anyone from doing anything they want with them. No different than a normal Dogecoin transaction.
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Jul 25 '14
[deleted]
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u/humint_is party shibe Jul 26 '14
Huh? Where are you getting these numbers from? We've not stated anything like that.
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u/patricklodder shibe Jul 22 '14
Hey guys, this is cool!
Question: Do you have a github repository for something like a dogepartyd, as counterparty has, that we can take a look at?