Introduction
STEEM is hands down the best community we've come across, yet the developers here are at the mercy of Steemit Inc., and the execution of their roadmap. A major reason we chose Steem was the promise of Smart Media Tokens, which has not yet materialized.
As of December, we've begun testing our own off-chain logic and ways to consensus upon it.
We are @disregardfiat and @markegiles, and together we've had our nose to the grindstone for a year now on Steem. We are dreamers and doers, and to our knowledge we've built the most capable dApp platform on any chain, supporting most web technologies in decentralized ways.
This includes:
Our Virtual Reality containers can use standard libraries and don't require slimmed down versions of engines like other crypto-projects. Our AR containers can serve dynamic location specific data from the same dApp. We've even pioneered methods to secure IPFS's local storage and domain/cookie problems from public gateways. And now we're using STEEM-STATE by @shredz7 to build off-chain logic that supports dApps and users in awesome new ways.
In short, we've been seriously committed to bringing the best possible tech and trust to you. Steem remains the best platform with the best community, and our belief in you is what drives us forward.
Silver Bullets
DLTs represent a massively disruptive technology. However, one only has to gesture to an 80% fail rate for ICOs to know that they are only one piece of the solution. While there are an infinite number of actions an individual or group can take to both advance or retard the growth of Steem, there are finite options that can be consented on by the community.
Proposals such as changing reward pool allocation, witness duties and other similar on-chain solutions fall in this finite group. All changes made at this level only require a majority of elected witnesses to implement (however fairly they were elected).
Organizing legal entities in global jurisdictions "elected" via nearly any mechanism is a soup sandwich. Requiring months of research, lawyers... elections just to determine types of elections. A near guaranteed source of continual drama.
Ideas such as worker proposals a la BitShares provide a completely voluntary method to fund enhancements and features, marketing campaigns... as well as fund and even receive proceeds from organizing events. These will lack consensus but will enjoy no drama from uninterested parties... as their resources aren't being inflated or taken away.
Opportunity
The grander ecosystem has not been kind, and Steem has been hit especially hard, falling as much as 95% from all time highs. Due to this we've seen comparatively naive projects surpass our valuation such as Dogecoin and Tron.
Many of you have undoubtedly tried to convince your friends, family, and co-workers that Distributed Ledger Technologies (DLTs) are the future and Steem is the best place to get acquainted with them. If you can pique their interest enough they might google Steem and be greeting with some of the following complaints:
- Steem is a Ponzi scheme
- Steem is centralized
With these, and other factors, Steemit Inc. had to lay off 70% of their employees and redefine their focus. After more related drama, they announced they were interested in building a stronger community by distributing some controls and resources, as it would be mutually beneficial.
The "Steem Alliance" was proposed to begin seeking solutions.
Proposal Action
We've been hard at work providing the features necessary to implement worker proposals, as well as numerous types of smart contracts and meta-tokens. The next public demonstration of our framework will be a location based AR scavenger hunt in LA, secured by a dlux NFT smart contract, for 200 attendees on-boarded to Steem.
Our DEX provides an open market with no appreciable information asymmetries. In addition, we've taken steps to improve user on-boarding: This side-chain forms an ad-hoc network of Steemians that autonomously seek Nash Equilibrium in a new market for Account Creation Tokens, addressing the serious concerns of user-base growth.
We have several videos and posts in the last few weeks explaining in great detail how these new transaction techniques and pricing feedback mechanisms work.
Funding or no funding, this remains our goal. DLUX has always been envisioned as a resource.
If our goals are aligned, we'd appreciate your help in development and funding, which you can easily do by sending STEEM to @robotolux, automagicly entering you in to our DLUX side-chain ICO auction! That's right, our software is already most of the way there... all on STEEM!!!
Eye-Glazing Informatics
Simplified Block Diagram of the DLUX Sidechain:
Each node contains identical information except for the Steem credentials of the User
Start-up:
- Configure ENV variables such as public domain and steem credentials
- Query Network for latest saved state and recover from IPFS. < 5 Minute starts
Report:
- Every 100 blocks sign and save state, report last hash of saved state.
- Nodes read all reports to determine consensus. Nodes configured for restarts will reload last data from IPFS if failed.
- Nodes with accurate reports in the runner group or elected to runner group(20 nodes) receive a 'win' credit
Delegation / ICO Auction:
- Processor looks for delegations to @dlux-io or STEEM transfers to @robotolux
- Places information about transaction into DAG
DEX
- Users A lock funds either in DAG as DLUX or in Escrow as STEEM/SBD between Nodes A & B.
- User B buys contract with DLUX or Escrow to User A.
- Node A and B release funds to Node B. Node B places User B's Colateral Amount in DAG.
- When Node B Transfers Steem to User B DLUX returned to Node B
- Node A receives 1 'win' for 1 escrow_approve; Node B 2: escrow_approve and transfer.
DAO
- Every 30240 Blocks (25.2 hours) runs daily consolidations
- ICO bids are totals and tokens distributed via logic.
- Wins(reports, escrows, and other required node transactions) are totaled and tokens distributed. (RCs => DLUX)
Account Creation Tokens
- Nodes query STEEM and determine RC status
- Node Claims Account is adequate RC balance
- All nodes see claimed account from participant node and update the Account Queue
- A Steem user with sufficient DLUX requests a new account...
- Next node in queue creates account, credited with DLUX(more than the fee)
- DAO uses price feed back to determine fair market prices
Worker Proposal
- NFT written.
- Users fund
- Funds Released
Event Proposal
- Equity NFT written.
- Funds donated by users.
- Funds released.
- Profits redistributed to donators via equity mechanism
