Michael Liesenfelt @DrLiesenfelt Twitter profile

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@WhiteDragonsPT

Michael Liesenfelt

@DrLiesenfelt

2 years

The @SundaeSwap RISO has increased #Cardano $ADA decentralization to a k-effective of 43.22 from 40.58 (in e319). Single pool operators grew to 25.70% from 16.97%. @binance also grew from 12.07% to 12.32%. This is industry leading decentralization towards k-effective =💯.

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Michael Liesenfelt

@DrLiesenfelt

2 years

@cz_binance Lead by example and be a hero to the #CardanoCommunity by decentralizing 2.6B $ADA to hundreds of international community pools, shut down your 60 centralized pools in US-East-1 (VA), run only one pool, and join the @CardanoSPA ! @IOHK_Charles please help @cz_binance . #CIP50

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Michael Liesenfelt

@DrLiesenfelt

2 years

#Cardano @EpochsEnd 349: Decentralization is not improving. 🫤 Coinbase is up to 2.1B and making blocks again. K-effective = 36.55 Nakamoto Coefficient MAV = 22

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Michael Liesenfelt

@DrLiesenfelt

2 years

After Epoch 332 #Cardano decentralization is steady at: K-effective = 39.4 Nakamoto-coefficient = 20

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Michael Liesenfelt

@DrLiesenfelt

2 years

@IOHK_Charles Yes.

Michael Liesenfelt | Department of Nuclear Engineering

ne.utk.edu

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Michael Liesenfelt

@DrLiesenfelt

2 years

Let's hivemind peer/stakeholder review CIP-50 for improving #Cardano decentralization. CIP-50 for Nakamoto >50! Link to the full proposal, stakeholder reviews/discussion, and supporters list:

CIP-0050? | Pledge Leverage-Based Staking Rewards by michael-liesenfelt · Pull Request #242 ·...

Rendered Full Document Improving decentralization is absolutely necessary for the long term health and growth of the Cardano ecosystem. The current reward formula has resulted in a stable but stagn...

github.com

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Michael Liesenfelt

@DrLiesenfelt

2 years

I've generated a chart of the historical K-effective of #Cardano $ADA. Thanks to @InsightsCardano for the pool group staking per epoch data. IMHO k=40 is solid stable decentralization, worthy of praise, superior to other cryptos, and also leaves room for improvement.

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Michael Liesenfelt

@DrLiesenfelt

2 years

$ADA is a hard-money commodity like $BTC. Some tokens are @SECGov securities. Some tokens are worthless @hoskytoken 👀. #Cardano is not an exchange or security. #Cardano is the financial operating system.

Michael Saylor⚡️

@saylor

2 years

Comments by the SEC Chair relevant to crypto-securities, crypto-exchanges, and crypto-commodities including #bitcoin starting at 1:08:02 in this hearing.

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Michael Liesenfelt

@DrLiesenfelt

2 years

On #Cardano $ADA k=500 but MPO's reduce the effective-k to 40.58 by my estimate. Thoughts #CardanoCommunity ?

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Michael Liesenfelt

@DrLiesenfelt

2 years

The Cardano Members Based Organization (MBO) may be announced at the 2022 Cardano Summit! So, who should control the MBO?👇

The IOG Company

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The Cardano Foundation

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A Decentralized Community

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show results / abstain

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Michael Liesenfelt

@DrLiesenfelt

2 years

#Cardano $ADA needs to apply diminishing rewards to entire groups of pools which grow too big. The Conclave collective pool protocol and Voltaire governance will be needed. We can smoothly grow through Basho on K-eff=40. Let's table multi-pool vs single-pool debates for Voltaire.

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Michael Liesenfelt

@DrLiesenfelt

2 years

The #Cardano CIP is up and the pull request has been made. Time for more peer review!

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Michael Liesenfelt

@DrLiesenfelt

2 years

Welcome @coinbase ! @coinbase & @binance , @brian_armstrong & @cz_binance , would you support a draft #Cardano CIP that allows everybody, including your clients, to earn >5% yields like @wave_financial and @IOHKMedia ?

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Michael Liesenfelt

@DrLiesenfelt

2 years

#Cardano @EpochsEnd 353: K-effective = 35.83, MAV = 21 CIP-50 Update: Reformatting all charts. Adding pool ranking recommendation ( @TheStophe ). A new OSS simulation suite will investigate 5-10 equations for an independent study & paper. The hivemind grows.

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Michael Liesenfelt

@DrLiesenfelt

2 years

At the beginning of Epoch 323 at the conclusion of the @SundaeSwap RISO #Cardano $ADA centralized by about 1.2%, a K-effective decrease of 0.56. SPO's dropped below 6B total stake and the top 15 multipool groups are unchanged.

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Michael Liesenfelt

@DrLiesenfelt

2 years

@IOHK_Charles

🌟Star Forge⚡ OTG 📡 St₳ke Pool

@Star_Forge_Pool

2 years

110 watt solar powered Starlink pool. Looking for delegation. #Cardano

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Michael Liesenfelt

@DrLiesenfelt

2 years

Epoch 324 has proven that the decentralization gains made by @SundaeSwap RISO were temporary. Single Pool Operators have lost 1B stake over the last 3 Epochs. #Cardano $ADA K-effective sits at 40.85. Mathematically justifying K=750 over K=500 is impossible. K=100 is reasonable.

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Michael Liesenfelt

@DrLiesenfelt

2 years

@conraddit @maximus_bertus @binance @CardanoSPA Theoretically, if @Binance delegated 2.7B and officially joined the @CardanoSPA the MAV would increase from 23 to 42 (+19) and k-effective would increase from 41.31 to 85.66 (+44.35).

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Michael Liesenfelt

@DrLiesenfelt

2 years

#Cardano @EpochsEnd 334: K-effective = 39.26 Nakamoto Coefficient MAV = 21 Sybil Fraction = 47.02%

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Michael Liesenfelt

@DrLiesenfelt

2 years

@elonmusk Proof-of-Work is not in the spirit of Tesla's mission to accelerate the world to sustainable energy. I support Cardano.

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Michael Liesenfelt

@DrLiesenfelt

2 years

@bigpeyYT I notice you have many open speaker slots. Want a deep dive on decentralization, stake pool data, and CIP-50?

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Michael Liesenfelt

@DrLiesenfelt

2 years

Re: 8/4 SPO call. The CIP-50 community hivemind is going to help align the reward equation with Cardano values and publish RSS-rev2. More minds, more ideas, more stakeholders, more opinions, less centralized: debating, agreeing, disagreeing, and scheming on: decentralization. 🧵

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Michael Liesenfelt

@DrLiesenfelt

11 months

#CIP1694 : "there will be an interim Constitutional committee, also specified in the next ledger era configuration file". @IOHK_Charles , you want to hand-pick a committee, however, Cardano can flex its principles at the SEC with an SPO-led CC election. Please reconsider.

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Michael Liesenfelt

@DrLiesenfelt

2 years

@InputOutputHK @consensus2022 CIP-50 is the way!

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Michael Liesenfelt

@DrLiesenfelt

2 years

@BullishDumpling Let's be as kind, gracious, and welcoming to newcomers as possible.

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Michael Liesenfelt

@DrLiesenfelt

2 years

@IOHK_Charles Cardano is a primary, not an alt. - @RichardMcCrackn

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Michael Liesenfelt

@DrLiesenfelt

2 years

@coryklippsten @IOHK_Charles @CryptoWendyO Like BTC, no inflation on Cardano ❤️ (45B max). BTC's nakamoto coeff is only 4! 4 NSL's w feds to 4 pool operators and BTC is 51%'ed. Imagine if Intel only sells Blockscale ASIC's to 1 government? Miners can't move fast to reverse a 51% fork from >6 confirmations 😢. @conraddit

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Michael Liesenfelt

@DrLiesenfelt

2 years

The K-effective of #Cardano $ADA is currently 40.72. I also realized there are 3? big whales earning >5.0% yield with entirely pledged private pools. I'm 'grabbing a shovel' and starting to author a CIP for decentralization. Anybody interested in helping?

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Michael Liesenfelt

@DrLiesenfelt

8 months

@RichardMcCrackn Mempool control. Information asymmetry. Transaction origin tracing. Transaction delaying. Block producer tracing. Block battle advantages. Trading advantages. Could be fun to get their code, backdoor it, neuter it, and spy on their RPC flow.

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Michael Liesenfelt

@DrLiesenfelt

2 years

I support fixed-supply hard money #Cardano $ADA. We aren't perfect but our MAV~22 can improve and full project decentralization will be achieved during the Voltaire Era upgrades. Cardano isn't limited by Satoshi Nakamoto's original sin ASIC blind spot.

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Michael Liesenfelt

@DrLiesenfelt

2 years

@conraddit @binance We, the Cardano community, need CIP-50 so the largest stakeholders like @Binance are not penalized for distributing stake to massively boost decentralization. We invite you to join the CIP-50 process! CC: @coinbase , @CardanoStiftung , @emurgo_io , @wave_financial , @InputOutputHK

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Michael Liesenfelt

@DrLiesenfelt

2 years

@InputOutputHK ⚠️ There are 4 inaccurate sentences in this article which won't become true until after CIP-50 revises the rewards sharing scheme. We are going to fix this 💪. @benohanlon ctrl+f: "fairness", "equally-sized", "consortia", "bolsters".

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Michael Liesenfelt

@DrLiesenfelt

2 years

#Bitcoin Nakamoto Coeff dropped to only 4! 😢 If the SEC, IRS, CFTC, andor NSA Equation group each took control of 1-2 of the largest block producers #Bitcoin would be pwned & rekt. The hardest money in the world 🌎 deserves a decentralization >50, ideally >💯.

CoinBeast

@coinbeastmedia

2 years

A Thread🧵on why #Bitcoin is different to the other 19,000 altcoins👇 Lets investigate some of the ''safest'' ALTs that've imploded in 2022🔻 Starting with Luna, it's crashed 99% this month, falling from over $120 per coin to essentially 0, losing $35B of Market Cap value 1/

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Michael Liesenfelt

@DrLiesenfelt

2 years

@iLoveJaneAdams 💔Satoshi Nakamoto made critical mistakes because BTC centralized to MAV 3‼️ (silicon_fabs & energy_market centralization, 32-bit nonce). ✅💡 @sol3gga ectal, @IOHK_Charles , #Cardano corrected Satoshi's biggest errors. 👊 $ADA (MAV 21) is 'harder' currency than $BTC (MAV 3). .

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Michael Liesenfelt

@DrLiesenfelt

2 years

CIP-50 is the way.

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Michael Liesenfelt

@DrLiesenfelt

7 months

Today @TheStophe and I are adding Rob Bird @conduit242 and @JaredCorduan as authors of @Egalcoin . Rob started everything in mid-2022 by convincing me that I shouldn't volunteer to change people with different values and principles. He convinced me to volunteer for something which…

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Michael Liesenfelt

@DrLiesenfelt

2 years

#Cardano @EpochsEnd 335: K-effective = 41.22 (+1.96🙂) Nakamoto Coefficient MAV = 22 (+1🙂) Sybil Fraction = 47.47% (+0.45%☹️) Binance stake dropped 166M. MPO's (>1/k) added 109M. Hash pools not grouped in adapools/groups gained.

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Michael Liesenfelt

@DrLiesenfelt

2 years

@BitrueOfficial @CardanoStiftung ❤️ I have a dream that @InputOutputHK , @CardanoStiftung , and @emurgo_io will eventually follow this example and fully decentralize stake after the CIP-50 hivemind removes yield penalties and bias. This is the spirit of Cardano.

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Michael Liesenfelt

@DrLiesenfelt

2 years

@sol3gga @_LadyChristina_ Thank you both and I look forward to working with both of you in the Members Based Organization! I'm also really looking forward to the Blockchain Decentralization Index!

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Michael Liesenfelt

@DrLiesenfelt

2 years

@SmaugPool @shawn_mcmurdo CIP-50 is the process for decentralizing the analysis, governance, values, and principles of the Cardano reward equation. These are just the beginning steps to growing a robust hivemind. Join the discussion on the CIP-Editors Discord:

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Michael Liesenfelt

@DrLiesenfelt

2 years

@RichardMcCrackn I was sad to see the MSPO vs sSPO conflict and a biased reward equation when I joined Cardano in February. CIP-50 and k-effective exist to heal this divide, align value & principles, and correct the true problems: excessive leverage, inequality, and decentralization.

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Michael Liesenfelt

@DrLiesenfelt

2 years

I highly recommend all SPO's to attend and active listen tomorrow, do your homework, read the blog post, read CIP-50, submit questions early, and share your questions publicly on Becky's thread for community transparency.

Becky Hopwood

@RebeccaLHopwood

2 years

👉🏼 ICYMI: In this call we’ll have Prof. Aggelos Kiayis, IOG’s Chief Scientist, join us to share more on his latest research, which compares alternative reward sharing schemes for Cardano. If you have a question you’d like to ask, please add it to the survey linked below! (2/3)

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Michael Liesenfelt

@DrLiesenfelt

7 months

@adamKDean The sooner we realize that maximum fairness and maximum decentralization is the mandatory minimum for a blockchain the better we all will be. You can do centralization, taxation without representation, and oligarchies, but should we? No. People come to Cardano and Ergo craving…

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Michael Liesenfelt

@DrLiesenfelt

7 months

@IOHK_Charles EDI needs your leadership influence. They need a website, a page for each chain, and the relevant charts-of-merit for each category on like from @BalanceData22 . EDI: @GilbertStClr and @TheStophe can teach the server-side skills.

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Michael Liesenfelt

@DrLiesenfelt

1 year

@IOHK_Charles @jespow and @krakenfx will certainly have my business now.

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Michael Liesenfelt

@DrLiesenfelt

2 years

@mrkennybones @Allison_Fromm @RichardMcCrackn Why 1 board like Linux Foundation? Why not 6 ? (With many sub councils, standards bodies, clubs, cons, committees, ect...) "These Infinity Stones each control an essential aspect of existence: Space, Reality, Power, Soul, Mind, and Time." There will be a 🔥 CIP.

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Michael Liesenfelt

@DrLiesenfelt

1 year

❤️ @Google #Pixel7 🤝 @GrapheneOS privacy 🔏 & control 🛂

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Michael Liesenfelt

@DrLiesenfelt

2 years

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Michael Liesenfelt

@DrLiesenfelt

2 years

@danny_cryptofay After I get CIP-50 done I will work on privacy.

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Michael Liesenfelt

@DrLiesenfelt

2 years

@flantoshi #CIP50 , CIP-voltaire, CIP-crypto-constitution, and retiring the Genesis keys will all be critical.

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Michael Liesenfelt

@DrLiesenfelt

2 years

Artists of #Cardano : Can you extend the six infinity stones of the Marvel Cinematic Universe into the Cardano logo? Thank You!

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Michael Liesenfelt

@DrLiesenfelt

7 months

@Redd_Spark @monad_alexander Cardano and Ergo are the best we have so far, but they have permanent uncorrectable problems and limitations. I want to see the CIP1694-HF realized. I have sold 0 ADA despite beginning #Egalcoin for a chance at superior principles and values.

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Michael Liesenfelt

@DrLiesenfelt

2 years

@bigpeyYT The most important milestones will be earning Voltaire governance and a decentralization Nakamoto Coefficient of 50, then 100. We can ignore market cap and keep on building.

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Michael Liesenfelt

@DrLiesenfelt

2 years

@amw7 @IOHK_Charles @_KtorZ_

CIP-0050? | Pledge Leverage-Based Staking Rewards by michael-liesenfelt · Pull Request #242 ·...

Rendered Full Document Improving decentralization is absolutely necessary for the long term health and growth of the Cardano ecosystem. The current reward formula has resulted in a stable but stagn...

github.com

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Michael Liesenfelt

@DrLiesenfelt

1 year

@twobitidiot Have a Conflict of Interest page listing all beneficial ownership, analysts holdings, and amounts. Ensure the annual crypto report's Conflict of Interest section is in the first 10 pages and includes author holdings and amounts.

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Michael Liesenfelt

@DrLiesenfelt

2 years

@PgwadaS @RichardMcCrackn @InputOutputHK @IOHKMedia I'm going to pushfor/do a CIP-50 hivemind led 2023-revised-RSS-paper which will include many actor types (inc whales, exchanges, wealth mgmt, MPOs, ISPO's), many equations & variations, and solid metrics (k-eff, MAV, and Sybil fraction). @InputOutputHK @sol3gga @_LadyChristina_

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Michael Liesenfelt

@DrLiesenfelt

10 months

@dominatingSlash @alexkaplan0 As with all science let's wait for replication, confirmation, and review. I personally would have written a paper AND made a simple YouTube video of a chunk of this stuff levitating a magnet on a glass table.

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Michael Liesenfelt

@DrLiesenfelt

2 years

@conraddit @maximus_bertus @binance @CardanoSPA I can help quantify the potential impact on decentralization: both the Nakamoto Coefficient and k-effective.

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Michael Liesenfelt

@DrLiesenfelt

1 year

My #Cardano stake key is 1 year old today!

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Michael Liesenfelt

@DrLiesenfelt

1 year

@Cardano_CF An Annual Report should include the audited consolidated balance sheet, consolidated income/spending statement, auditor letter, custodial bank letter, and blockchain addresses. Swiss non-profit laws may have additional required guidance for compliant annual reports. @adatainment

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Michael Liesenfelt

@DrLiesenfelt

2 years

@LatinStakePools @conraddit @maximus_bertus @binance @CardanoSPA We need to do our part for CIP-50 first. Then, the community can convince @CardanoStiftung and @emurgo_io to join the @CardanoSPA . @IOHK_Charles could decentralize @InputOutputHK stake, join the SPA, and have a drink with @cz_binance .

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Michael Liesenfelt

@DrLiesenfelt

2 years

"If you want to incentivize decentralization, don’t incentivize centralization 😜" -- @conduit242 IMHO the slope should always be 0.0 or negative with an enforced pledge leverage limit. #CIP50

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Michael Liesenfelt

@DrLiesenfelt

10 months

@SebastienGllmt @PaimaStudios Honestly, you do work. You ship. You deliver. You are worth 25% margin and more. I hope you reach full saturation!

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Michael Liesenfelt

@DrLiesenfelt

1 year

@IOHK_Charles I'm going to lobby for another parameter: Tau-prime, the Treasury payout rate limit. It would be similar to Rho, the reserve payout rate limit. Tau and Tau-prime, the Treasury fill rate and payout rate, would establish a smooth fiscally responsible treasury equilibrium.

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Michael Liesenfelt

@DrLiesenfelt

2 years

@CardanoLive Thank you for having me on and as promised, an updated k-effective!

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Michael Liesenfelt

@DrLiesenfelt

2 years

@SundaeSwap @binance @InsightsCardano @adapools_org @sol3gga @IOHK_Charles The @SundaeSwap RISO reversed a slight centralization trend from e305 to e319 and established the highest network decentralization factor in the last year.

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Michael Liesenfelt

@DrLiesenfelt

7 months

@brentwoodfan1 @Redd_Spark @monad_alexander - Centralized permissioned foreign ICO. - Founders and foundation concentration. - Founder created as a VC venture, not as a selfless philanthropy. - Emurgo and CF ineffectual for years. - Founding orgs paper hands cashout. - Federated ledger not bootstrap from genesis safe. -…

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Michael Liesenfelt

@DrLiesenfelt

2 years

@bigpeyYT BLOOM could become 1 pool and join the @CardanoSPA if k was set to three times the current k-effective (~120). Let's fix the high leverage failed RSS-paper and whiteboard a more secure less leveraged, fair, and decentralized Cardano together. 🤝 #CIP50 : MAV>50, K-eff>💯 💪

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Michael Liesenfelt

@DrLiesenfelt

1 year

@cardano_whale We will get Ouroborus Leios eventually, make sure the incentives are solid, and be on our way to MAV>50 with a chain throughput of O( 86,400 blocks ~8.64GB per day). Easily 20x current performance. 💪

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Michael Liesenfelt

@DrLiesenfelt

2 years

@matiwinnetou @SebastienGllmt The CIP-50 is a community hivemind effort. It is growing, making progress, and adding to pull request 242 every week!

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Michael Liesenfelt

@DrLiesenfelt

1 year

@InputOutputHK The first democratically elected Cardano Constitutional Committee should draft and enact the first constitution. So #CardanoCommunity , who should be on the dream team for writing a constitution? nominations: @_KtorZ_ @radioastro @BullishDumpling @TheStophe @SebastienGllmt 1/...

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Michael Liesenfelt

@DrLiesenfelt

1 year

@conraddit @adam3us is smart, has a Ph.D, but is confused by the word 'elected' versus cryptographically random mathematically eligible to create a block. He doesn't realize that BTC PoW has a 10 minute difficulty whereas breaking the VRF requires age of universe difficulty classically.

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Michael Liesenfelt

@DrLiesenfelt

1 year

@bigpeyYT "None" with this description included as metadata is the best way to signal to CF what you really want your stake and pledge to stand for officially on-chain. @BalanceData22 and many others have done exactly that, voted None with an added description.

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Michael Liesenfelt

@DrLiesenfelt

2 years

@IOHK_Charles , 🤞please steer the principles and whiteboard an 'ideal' (group stake vs leverage chart) and (yield vs stake chart). @sol3gga , focus on the multi-chain decentralization index. @_LadyChristina_ , thank you for all your coding and please consider joining the hivemind.

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Michael Liesenfelt

@DrLiesenfelt

2 years

CIP-0050? | Pledge Leverage-Based Staking Rewards by michael-liesenfelt · Pull Request #242 ·...

Rendered Full Document Improving decentralization is absolutely necessary for the long term health and growth of the Cardano ecosystem. The current reward formula has resulted in a stable but stagn...

github.com

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Michael Liesenfelt

@DrLiesenfelt

7 months

@IOHK_Charles @BalanceData22 @GilbertStClr @TheStophe Haters can already legitimately claim conflict of interest from the IOG donations and your chief scientists dual role at both Edinburgh and IOG. You are still correct: an impartial university-led resource for government, policy, legal, and corporate decisions is necessary.

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Michael Liesenfelt

@DrLiesenfelt

2 years

I was just on @CardanoLive to share and discuss the details of the CIP draft:

Cardano Live Podcast

@CardanoLive

2 years

Today at 18:00 UTC on Cardano Live Dr. Michael Liesenfelt @DrLiesenfelt will be on the podcast to talk about a draft CIP he authored based on network parameters. Join us in the chat and ask some Qs! 4:00 PM EST. #Cardano #Ada #CardanoLive #podcast

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Michael Liesenfelt

@DrLiesenfelt

1 year

@cardano_whale @MessariCrypto "This report was commissioned by the Cardano Foundation." 🤔

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Michael Liesenfelt

@DrLiesenfelt

1 year

@_KtorZ_ @MatthewPlomin Cardano is distributed on 3000 validator nodes. Cardano is decentralized to ~38 groups on average (k-eff 38) with a 20 group 51% majority (MAV20).

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Michael Liesenfelt

@DrLiesenfelt

1 year

@liberlion17 @IOHK_Charles I'm behind on but still owe the community an RSSv2 paper. Research updates in the (Matrix : Cardano Professional Society: RSSv2) room. It may be beyond debate. If the MAV drops too low I will start a new Blockchain in 3-5yrs for a generation 1 growing-MAV decentralization dream.

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Michael Liesenfelt

@DrLiesenfelt

2 years

@Nicholas_Merten I'm a nuclear guy and U,Th is essential. With the Tornado Cash and Treasury sanctions madness, one positive is coming out of it: People are FINALLY realizing max(MAV) is absolutely essential to crypto. If you think BTC is decentralized, it isn't. BTC & ETH MAV is 3. ADA=21.

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Michael Liesenfelt

@DrLiesenfelt

1 year

@InputOutputHK @_KtorZ_ @radioastro @BullishDumpling @TheStophe @SebastienGllmt @Orbital_Lexicon @IOHK_Charles @adatainment @Quantumplation @liberlion17 Michael Madoff @earncoinpool @RichardMcCrackn @KenricNelson @ProofOfJohnny @rxphair @danny_cryptofay Joel Telpner @hoskytoken Felix Weber @Ada4goodP Second andor add more nominations I missed below!

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Michael Liesenfelt

@DrLiesenfelt

2 years

@hoskytoken Imagine if he could delegate stake to 32 decentralized community pools without a yield penalty. #CIP50 Maybe I need to disconnect, ignore, and build...

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Michael Liesenfelt

@DrLiesenfelt

2 years

@cardano_whale I believe PoUW will be a great technology after we return the air to 300ppm CO2 in a few centuries 🤞.

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Michael Liesenfelt

@DrLiesenfelt

6 months

@Padierfind @IntersectMBO Intersect is a 'venture studio' style nonprofit corporation controlled by IOG staff at IOG headquarters. The officers and financial account holders are unelected.

Intersect´s ROADMAP!

So, I answered part of my own question. After guessing IOG may have incorporated in either Colorado or Wyoming I went looking: https://wyobiz.wyo.gov/Business/FilingSearch.aspx Search: “intersect”...

forum.cardano.org

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Michael Liesenfelt

@DrLiesenfelt

2 years

The "Supporters" list is growing and the technical content is nearly complete!

CIP - Shelley’s Basho-Voltaire decentralization update

Cardano Community, I’ve begun authoring a CIP: Submitted a pull request for the: Shelley’s Basho Voltaire decentralization update CIP-Liesenfelt-Shelleys_Voltaire_decentralization_update/blob/main/...

forum.cardano.org

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Michael Liesenfelt

@DrLiesenfelt

1 year

@ADAjosephineADA PoS consensus. CIP50 RSSv2 of only fees. No ICO PoW for reserve coins Limited reserve, fixed supply Ram-hard dual-tree search No ASIC FPGA GPU advantage Constant difficulty per kWh Leios scheme with cadence 1694 Governance? P2P Goal: MAV > users/1e4 I'm collecting ideas.

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Michael Liesenfelt

@DrLiesenfelt

11 months

@IOHK_Charles I'm guessing you XRF'ed it. A @ZEISS_Group xradia X-ray microscope can nondestructively image the interiors and grain boundaries/orientations. I think @ORNL 's Manufacturing Demonstration Facility has one.

ZEISS Xradia 800 & 810 Ultra X-ray Microscopes

Enjoy 3D & 4D nanoscale X-ray imaging with synchrotron-adapted optics and in situ extensions with Xradia 800 & 810 Ultra.

www.zeiss.com

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Michael Liesenfelt

@DrLiesenfelt

2 years

@IOHK_Charles Bitcoin/PoW was never aligned with Tesla's core mission statement, values, and principles. Tesla/Elon is destined to pivot from PoW to PoS.

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Michael Liesenfelt

@DrLiesenfelt

1 year

@StakeWithPride The difference between $30 ADA and $300 ADA is global reserve currency adoption and decentralization: MAV>300. Hopefully Voltaire saves Shelley.

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Michael Liesenfelt

@DrLiesenfelt

2 years

Great interview! Engineers understand economics! @saifedean does not mention Bitcoin's Nakamoto Coefficient of 4 and the damage of a 51% attack.

Lex Fridman

@lexfridman

2 years

Here's my 4+ hour conversation with @saifedean about Austrian economics, anarchy, history, money, power, and Bitcoin. He has strong opinions, but they're backed by a brilliance and a systematic way of thinking that makes for a fascinating conversation.

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Michael Liesenfelt

@DrLiesenfelt

1 year

@liberlion17 I recommend @InputOutputHK operates only 1 private pool, then delegate the rest of the stake across the @AllianceXspo . If IOG complains about 'not making as much', tough, suck it up, you made RSSv1, support decentralization and make less. #RSSv2 will fix this with Voltaire.

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Michael Liesenfelt

@DrLiesenfelt

2 years

@_KtorZ_ These Twitter summaries are great. Keep them up. As for #CIP50 there are no updates. We owe an updated 'alternate equations' section. ( @TheStophe @MahmoudNimer @BalanceData22 ) I also need to start on the simulation engine with @conduit242 . Entropic edge cases will be epic.

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Michael Liesenfelt

@DrLiesenfelt

1 year

@KenricNelson @AdamRusch Cardano was designed to centralize and the SEC is scaring IOG to CIP1694. My $0.02: We do our best for 1694, then MAV minPoolCost k a0 RSSv2. I'm at peace, if MAV drops I make a new chain in 2026 starting with a constitution, PoS+PoW, P2P, 0-preallocated, fulfill gen1 max(MAV).

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Michael Liesenfelt

@DrLiesenfelt

1 year

@technologypoet Leios needs to be on hold until after governance, after reward sharing scheme corrections, and likely IMHO an Ouroborus cadence update running on testnet. It is impressive, incomplete, and has unmet dependencies.

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Michael Liesenfelt

@DrLiesenfelt

6 months

@trydedd1746001 @bigpeyYT Bitcoin, Ethereum, Cardano, Monero, and Ergo exist as live experiments testing hypotheses & models for the future of the industry. People who follow the best principles, values, ethics, and integrity are learning and building a new home. 🦅🪙 : 🗽⚖️ @Egalcoin

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Michael Liesenfelt

@DrLiesenfelt

1 year

@HoneypotLambda I'm doing what I'm doing for pools like you, but the math of the 2*MAV, k-effective, and gov-MAV is the harsh sum total of all decisions.

Michael Liesenfelt

@DrLiesenfelt

1 year

@KenricNelson @AdamRusch Cardano was designed to centralize and the SEC is scaring IOG to CIP1694. My $0.02: We do our best for 1694, then MAV minPoolCost k a0 RSSv2. I'm at peace, if MAV drops I make a new chain in 2026 starting with a constitution, PoS+PoW, P2P, 0-preallocated, fulfill gen1 max(MAV).

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Michael Liesenfelt

@DrLiesenfelt

2 years

@benohanlon #CIP50 figure updates.

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Michael Liesenfelt

@DrLiesenfelt

2 years

CIP-50 isn't just a proposal, it is a new process: an inclusive community-led stakeholder hivemind Research and Development (R&D) effort. We have an independent research paper to author and publish!

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Michael Liesenfelt

@DrLiesenfelt

2 years

@cardano_whale Satoshi made a "catastrophic" mistake unaware of ASICs (tiny 32bit header nonce!) & centralized fabs. BTC MAV has dropped to 3 and OFAC-style censorship could be the longest chain new normal. Ergo: memory BW & die area is more commodity, but maybe not enough for breakaway MAV??

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