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Title: Discussion of the true value of Proof of Stake and staking coins.. Post by: rocoro on December 13, 2014, 02:47:28 PM I really don't understand people who say proof of stake isn't worth much since there is nothing at stake.
The network is basically borrowing your coins to do transactions, therefore your coins are at stake. There is a small risk there involved where something could happen and you don't get your interest on the stake. (also the 2 generals problem) Plus there is a cost effectiveness.. It actually pays more to mint on low powered computers / notebooks than trying to PoW mine. Title: Re: Discussion of the true value of Proof of Stake and staking coins.. Post by: rocoro on December 13, 2014, 03:57:08 PM I really feel staking could be a mainstream, underlying technology in Crypto 2.0 currencies.
If you think about it, why wouldn't it be? Business is usually looking for the most cost effective way of doing things. Title: Re: Discussion of the true value of Proof of Stake and staking coins.. Post by: rocoro on December 13, 2014, 09:33:40 PM How many PoS coins are you in? And which do you feel have a strong future?
Title: Re: Discussion of the true value of Proof of Stake and staking coins.. Post by: Pastafarian on December 13, 2014, 09:33:57 PM If you are looking for a quality pos coin, then please join us at Sativacoin (STV). We have recently taken the coin over as a community and progress is moving along quickly. After reaching out to many merchants and services, it is evident that we have a bright future. We aspire to become the trusted and most valuable coin in the mj sector. Please do not hesitate to contact me with any questions and please visit our new thread https://bitcointalk.org/index.php?topic=874071 :)
Thanks, Arnel Pastafarian Title: Re: Discussion of the true value of Proof of Stake and staking coins.. Post by: bitcodo on December 13, 2014, 10:29:45 PM i think proof of importance is going to be the one that becomes widely adopted.. instead of rewarding users based on how many coins they have, it rewards those who are most important to the network based on who you do transactions with, their importance, the size of transactions you do, the fees attached aswell as how many coins you have but to a much lesser extent than pos. this would allow for say a merchant, who doesnt have a massive amount a coins but is highly important to the eco system to gain a higher importance due participation in the economy than a person with a lot more who just hoards coins. it makes perfect sense to reward those who are most important in the network more than those who do nothing but sit on coins. (see sig for details) http://wiki.nemcoin.com/index.php?title=Proof_of_Importance (http://wiki.nemcoin.com/index.php?title=Proof_of_Importance) This page is blank. How can I learn more about POI? My main question would be, how to rule which are the nodes that are most important to the network. Title: Re: Discussion of the true value of Proof of Stake and staking coins.. Post by: CCInvestor on December 13, 2014, 10:39:53 PM ... those who do nothing but sit on coins. (see sig for details) Your envy clouds your thinking. Owning coins, is not doing nothing, as many may attest here... NEM and it's proof of importance, is build on wrong assumptions, therefore nothing will come of it. Stick to NXT boys... Title: Re: Discussion of the true value of Proof of Stake and staking coins.. Post by: Daedelus on December 14, 2014, 01:22:02 AM Till the tech details have been announced, why not bang the drum a little quieter kod? POI is a nice idea but nobody knows anything about it. Been away a day or so and catching up... you're in almost every thread I've looked at. Maybe it is our overlapping interests but sheesh!
Title: Re: Discussion of the true value of Proof of Stake and staking coins.. Post by: kodtycoon on December 14, 2014, 01:34:56 AM Till the tech details have been announced, why not bang the drum a little quieter kod? POI is a nice idea but nobody knows anything about it. Been away a day or so and catching up... you're in almost every thread I've looked at. Maybe it is our overlapping interests but sheesh! what can i say, im optimistic about nem.. :) https://www.youtube.com/watch?v=OeMq3sMo3kw Title: Re: Discussion of the true value of Proof of Stake and staking coins.. Post by: Zer0Sum on December 14, 2014, 02:53:43 AM Till the tech details have been announced, why not bang the drum a little quieter kod? POI is a nice idea but nobody knows anything about it. Been away a day or so and catching up... you're in almost every thread I've looked at. Maybe it is our overlapping interests but sheesh! what can i say, im optimistic about nem.. :) https://www.youtube.com/watch?v=OeMq3sMo3kw All you ever do is shill for NEM. This tells me you have zero broader perspective and should be ignored... So good-bye to you and NEM. Personally... I think anything with a name as dorky as "New Economy Movement" or "NEM" is doomed... It's like some juvenile DEVO parody... Are we not men? We are NEM! Title: Re: Discussion of the true value of Proof of Stake and staking coins.. Post by: Liquid71 on December 14, 2014, 05:44:02 AM POS is only good for the pump and dump crews, once all coins are mined and they scoop them up cheap it's easy to pump the price and dump.
Read this whitepaper and learn or you'll get burned https://download.wpsoftware.net/bitcoin/pos.pdf (https://download.wpsoftware.net/bitcoin/pos.pdf) Title: Re: Discussion of the true value of Proof of Stake and staking coins.. Post by: K210 on December 14, 2014, 07:44:50 AM peercoin is probably one of the better POS coins, not to mention the original
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