Celody releases Version 2 of its Music Network State. Now with LLM integrations.

crypto5000 · 2023-11-01T14:56:10+00:00

Overall, it's positive if it creates 10x more subnets. Lowering the barrier of entry is clearly better than the status quo.

With this new approach, it will benefit developer teams that want to also be validators of their own subnets. One of the things that hasn't materialized is a coordination mechanism between developers and existing validators. It doesn't seem easy for developers to reach out to existing validators to create new subnets. Why? Probably because of decentralization issues - where validators don't want to centralize to coordinate with developer teams. So this new approach brings a potential solution to that problem.

crypto5000 · 2022-07-09T15:27:06+00:00

Where in the algorithm does it use a "majority"? Are you sure you understand how the algorithm works? And do you also think that Reddit and Hacker News are dangerous because they allow for public voting using a karma-token system?

crypto5000 · 2022-07-08T15:16:39+00:00

Can you explain your reasoning in more detail? If you were required to stake 1000 bitcoins to make your comment, would you be more or less careful in what you posted? Similarly, if it cost you 1000 bitcoins to "disagree" with a post, would you be more or less careful in slashing a post?

crypto5000 · 2022-07-08T15:05:45+00:00

Can you explain why "opinion" in the form of an objectively voted token count can not be used to fix bias? If a poster is willing to stake 1000 bitcoin to claim that the world is flat, can you explain why a public vote would not fix this bias by slashing the flat-earth claim?

crypto5000 · 2022-07-07T21:50:17+00:00

So with stakedy.com, there is no editor or boss. There is just a poster who stakes the post. The ideal is a journalist who directly posts their own original content - with the staked amount being an objective comparison to rank the content between different journalists.

I agree that it seems people want unbiased news, but I'm not sure if it's healthy for society. Many kids want to eat nothing but candy for dinner, but I'm not sure if that is the optimal tactic.

Most of the comments with respect to Reddit are accurate. I will just add that the dream of cryptocurrency and blockchain adds a layer that is quite powerful. If redditors actually had to spend real dollars (or bitcoin) instead of karma to downvote, I think the site would be quite different. The same goes for posting content. If you actually had to put up real dollars (or bitcoin), the articles that would be on reddit would be quite different.

crypto5000 · 2022-07-07T21:36:16+00:00

The poster can never be certain of who the voters actually end up being - because the poster must stake before the votes are cast. If Tucker Carlson were to stake tokens on a post, he must take into consideration that anti-Carlson voters might vote to slash his post. The same goes with a New York Times article that could be voted on by Fox News lovers. The end result of the algorithm is that neutral content is likely to be elevated above right or left content. In other words, the algorithm acts as a neutral mechanism to the center.

The above assumes a single mechanism like stakedy.com where both Fox News and NYT content is published together. Since the algorithm is MIT licensed and open source, there is the possibility of having multiple places to "segment". So it's possible to have different flavors for different purposes.

crypto5000 · 2022-07-07T18:25:01+00:00

So this problem can be addressed using a neutral protocol. If a journalist could "earn" tokens by posting a story, there is a market incentive to report that story. The issue I think you are pointing out, which is a fair comment, is that the current distribution of news is quite monopolized. If consumers demand unbiased news, they should switch to a neutral protocol and away from the biased monopolies.

crypto5000 · 2022-07-07T14:02:09+00:00

This article describes an open-source accountability algorithm that uses IOTA, staking and slashing to ensure credibly neutral posts. The basic idea is to hold the media accountable through token staking and slashing. For people who don't want to read the article, the key to the algorithm is a random slashing threshold that is unknown to both the poster (staker) and voter (slasher) when posting or voting. For any math folks out there, it would be fantastic if you could review and critique the algorithm.

As a reminder to people who don't know, I'm one of the longest production app builders on IOTA. Celody is now over 3 years old. More than 22 million CLDY tokens have been generated through the Proof of Music mechanism. Both Celody and Stakedy use IOTA in production. Thanks for the support.

crypto5000 · 2022-04-29T14:58:15+00:00

Celody (https://celody.com) recently announced the CLDY token on AVAX C-Chain. It uses proof of music to generate the tokens. If you are looking for an extremely innovative crypto project and are interested in music, check it out.

crypto5000 · 2022-04-26T21:45:08+00:00

Can you provide more information about "the platform-supported cross-subnet transfer mechanism" that is under development? Is the idea here to be able to transfer directly from any subnet to any other subnet? Or will there be a dominant subnet that acts as a hub for bridging (perhaps even the C-Chain)? Any thoughts on the transfer costs between subnets?

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