On January 21, 2019, Dexaran, security expert and Callisto Network’s co-founder, answered questions from the community about the relationship between Ethereum Classic and Callisto Network, the $CLO’s emission, and the Callisto’s ecosystem.
Hello, Callisto Community, @Dexaran here.
Dexaran Hello! What are your ideas on monetary policy change?
We all think that it is necessary to reduce the inflation rate. It was announced at the very beginning of this project, and now we are looking for the best way to do this.
On the other hand, we need to reduce inflation, but it is also essential to maintain high hashrate and not discourage miners.
Hi Dexaran, nice having you here and a happy new year. Here are some critical questions, as always:
We don’t see any more involvement/activity from you or any other core member apart from occasional AMA’s. Is this project dead for you?
Callisto is definitely not a dead project. Currently, we are undergoing some internal changes and reorganization in the team. Also, the bearish market cycle phase is not the best time for epic news and active actions, in my opinion (others may disagree).
We are preparing for the next steps.
This includes monetary policy, governance system, and some other updates.
Our security department is still operating, and I think that the Callisto project is serving its main goal as intended.
What other projects are you working on?
I can’t announce any side projects at the moment.
I’ve submitted a couple of ECIPs for Ethereum Classic, and I’m planning to continue pushing our updates.
Callisto was meant to be a research ground for ETH improvement, so far we haven’t seen much research being done, many GitHub issues are not being worked on. What is being done to improve that?
Callisto has never been a research platform for ETH. It was meant to be a research platform for ETC.
Based on our Callisto development I’ve proposed some improvements for ETC already:
However, based on the ETC community reaction, I decided to wait with the Cold Staking proposal.
You are still being paid 500k CLO salary, as opposed to the whitepaper where this kind of salary was only specified for PHASE 1. why? (please update the whitepaper, if it was meant to be that way).
It should be noted that it was meant to have these salaries for Callisto founders until implementing a proposal-based governance system (which turns out to be impossible as Callisto now has a legal entity).
We will update the whitepaper and clarify this issue.
Are you actively working together with PIRL to develop and enforce PIRL GUARD to counterfeit 51 attacks? If not, who else are you working with?
Yohan is currently working on this issue. However, I don’t have anything special to announce yet.
Callisto has been very lazy/incapable of adapting ASIC resistance, whereas competitors like Bitcoin Interest deployed ProgPOW decades ago. If you lack the resources for implementation, why not come up with a schedule/plan and share it with us?
As for now, the ASIC resistance is not the main problem for Ethash-based projects. Based on what I know, current “Ethash ASICs” are just revamped old GPUs that are a bit cheaper than new GPUs. Thus, this is not a threat for decentralization or security.
Financial transparency: How much money does callisto treasury owe you in total? You have taken out about 20 million CLO out of treasury as “compensation for listings” but haven’t shown any proof of payment (0x34aac1c72819c06dd3079b1b8169b782cf3543ec6ded4278bb94131512079f25, 0xe66cf94f39a4f02f9d35d74b8d413c819b9e2ca63a5a648535f0f72d9f7c2259)
As per our financial report, Callisto paid me the full amount of listing fees. There will be no more compensations. Consider it’s done:
All in all, I hope to see the core team being around a bit more on all channels so that it seems that someone is caring for the project and that the project is alive. Currently, we only have Maximus and Darwino engaging with the community; please change that!
Noted, thank you for your feedback.
Is CLO project prevalent to Etc in your job?
I would say that it is planned to propose and handle ECIP discussions in ETC during 2019.
As for Callisto, it is planned to do more of actual development during this year. I would say that I will definitely spend more time in Callisto during 2019.
When will Clo get another use-case next to audits? Maybe as a payment method: In my New project called DOOM to the crypto (o), there are different camps set up using their crypto logo and payment for inside upgrades via crypto.
It would be good for Callisto, and any new use cases are always welcome. However, it is Yohan’s initiative to attract new businesses and extend CLO use case area.
I will be focused on security audits.
Are any new improvements regarding smart contract audit that could be superior to other smart contract audit firms or teams?
I would say that there are no “Improvements” for now. The team of security auditors still handles our security audits.
Security Auditing Department received some updates recently (including contribution and payment schemas updates, some minor audit report format updates).
Is it possible to spend AMA on YouTube? To increase the community, and will the monetary policy be revised?
I don’t think that it is a good idea to have YouTube AMAs. Also, I prefer written discussions as I want to stay anonymous for now.
Dex, do you plan to change cold staking algorithm, and what about POS plans?
We plan to update Cold Staking contract in the next hardfork.
As for POS – I can’t make any announcement yet. We will make an official announcement as soon as a decision is made on this issue.
Can you tell us more about this Cold Staking update?
There are two main reasons to update the CS contract:
1. Compound interest (Weighted stakes).
2. Integration with the upcoming governance system.
We aim to improve the reward calculation formula so that it will not be necessary to restake your funds each month to earn a reward.
Also, it was planned to implement the decentralized governance system for Treasury Proposals since the very beginning. This aims to allow Cold Stakers to vote and provide funding for proposals (similar to our current EthereumCommonwealth/Proposals repo, which is inactive at the moment). These changes require the update of Cold Staking contract.
Hey DEX, any approach or discussion to break the ice between ETC & CLO, as ETC was trying to distance themselves from the CLO project. Any progress is being done or things already good?
First of all, ETC is not people who announce on behalf of ETC.
ETC is a decentralized project but not people who currently govern its media resources.
I understand why Vitalik Buterin can make announcements on behalf of ETH (because he created it). I know why Dan Larimer can make announcements on behalf of EOS (because he created it).
However, even their rights are arguable.
I don’t understand why a group of people who has no relations with ETC are now making announcements on behalf of ETC, ETC community. They have nothing to do with ETC, and they are not more ETC than you or me.
If someone says that “There is some ice in relations between CLO, ETC” then it means that there is a group of people who call themselves “ETC community” and claim to have rights to speak on behalf of ETC, and these people have some reasons against CLO.
There is no ice between CLO, ETC. Just some people who pretend to be ETC (and aren’t in fact) have this opinion.
In the case of ETC and CLO, we are doing exactly what we promised.
We promised to research experimental protocol upgrades and solve funding/governance issues.
We researched. We have solutions.
I’m currently proposing it.
And another question, I think that changing the payment of audit is necessary. What do you think about constant hold in contract cold staking for auditing?
This is a good idea; however, this can hurt the project’s main goal (providing free audits) and this does not provide any significant income compared to monthly Treasury income (block reward fees). Thus, this is not the high priority goal right now, but we will dive deeper into this issue later.
Hi Dexaran! Your opinion-when the market will go up?
Our expectations on boosting the price failed until now—any new ideas to increase the price?
I would say that we shouldn’t expect a recovery in short terms. I’m still bearish on $BTC, and I don’t see any fundamental reasons for the industry’s growth.
No capitulation, no new money flows, no reasons to go up. 2019 will be a hard year for bagholders, but it is an excellent year to load your bags/ accumulate/ buy something cheap.
This will last for long enough. In a pessimistic scenario we will only observe recovery in ~250 days from now. However, “the recovery” does not mean that BTC will surpass the current level. There will be another dip before the recovery.
Again, we should wait for the capitulation first.
I see that the EthereumCommonwealth repository for proposals on Github is inactive. The last official interaction took place two months ago, approximately by Yohan. Most of proposals do not get any sort of feedback, neither accepted nor rejected. Does it mean it is abandoned or proposals are no longer interesting? Disclaimer I have an open proposal myself.
Disclaimer I have an open proposal myself.
Yes, as I’ve said earlier, we are undergoing some internal changes.
I will take care of Treasury proposals myself.
Dexaran Do you maintain relations with the developers of the Ethereum? With Vitalik or someone else.
As for now, I don’t maintain any relations with Ethereum developers.
I had some contacts with Viktor Tron, Fabian Vogelsteller, and Nick Johnson.
Honestly, I see Ethereum as a deprecated project. It was an exciting innovation when there were no smart-contract development platforms. Now, it is deprecated.
I’m looking for new contacts with EOS developers.
Did you know that Callisto is used in the online payment system in Korea?
What do you think about NEO, Cardano?
NEO – non-working contracts. Impossible to create something.
ADA – in theory, this is a good project, but let’s wait to see this in action. Still, I don’t see any advantage of ADA over EOS.
From the smart-contract developer’s point of view – EOS is the only proper development platform (YES, it has some issues and YES some could call it centralized, but if you develop smart-contract – this is your only option).
@admin:Thanks for all the questions and @Dexaran for your time!
@admin:Todays AMA has been finished.
Previous Ask Me Anything sessions with Callisto team:
Trust The Blockchain, Audit Your Smart Contracts.
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