If Qora is a great programmer Qora is not BCNext because we all know that BCNext is not a good programmer at all and BCNext's code would not work without modification by a real programmer like CFB or JLP. BCNext was good at design but could hardly program.
I said the same thing 2 weeks ago in this thread. |
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In PoS there is nothing at stake, so any holder can "bet on" multiple chains and benefit whichever one succeeds. There is no incentive stopping a miner from assigning there stake to competing chains. Consensus isn't formed. So PoS doesn't solve the consensus problem which PoW was created to solve.
You're just parrotting others, haven't done your own research. https://nxtforum.org/general/how-does-nxt-fix-the-nothing-at-stake-problem/ |
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As of now. This is an alpha. POI is the first innovation. There's also the node reputationsystem that uses Eigentrust++.
Imho the client is nothing like NXTs but that's probably subjective.
There is no proof that POI is vulnderable to a sybill attack. It has been brought up several times but that's just because there is no whitepaper on POI yet so people don't know how it works and are making assumptions.
There is no proof, correct. But you can't seriously expect attackers to try any attack until NEM is on the real blockchain with real money involved. Until NEM is on the real blockchain, we can't know for sure if it's vulnerable or not. The longer it is on the real blockchain, the more trust it gains among users and the more people invest. I asked here how long NXT should run before it's considered as secure as Bitcoin. I hardly got any replies. Personally, I give it 1 year. 1 year on a real blockchain ensures the most obvious flaws have been taken care of. |
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I don't know was that really good decision but NEMtoken in coinmarketcap, price seems decline step by step and alpha have not covienced markets :/
Any real Innovations or just similar client with NXT?
For an alpha software with limited functions running on a test net, and PoI not yet proven to be reliable, the price of NEM is too high as it is, so some price correction would be normal, perhaps even a significant one. After all, most people have already bought, those who believe in PoS, but the PoW crowd is hard to convince to invest into anything but PoW. The only real innovation which has yet to prove it's not susceptible to Sybil attack is PoI. Other than that, perhaps a couple minor improvements in interface over NXT, which NXT can easily copy. |
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Anybody can give a brief overview how the alpha phase is going on? Does it look promising?
Did you install the alpha client? Basic functionality of sending and receiving NEMs works on a test net. Can't expect more from an alpha client, I guess. |
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Ah forget it. A woman and a feminist are two different animals, we can't find common ground here.
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I'm a woman and I'm involved. Maybe there are more of us around than you think.
Also, I'd appreciate it if you all kept the misogyny to a minimum.
Are you a feminist? Yes, I am a feminist. I thought so. Only a feminist could be so butthurt about nothing. |
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I'm a woman and I'm involved. Maybe there are more of us around than you think.
Also, I'd appreciate it if you all kept the misogyny to a minimum.
Are you a feminist? |
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This problem doesn't exist as the NXT blockchain wouldn't accept re-organization attempt by someone from the past. The assumption of DeathAndTaxes is a false one. |
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I'd like to see how someone can agressively buy 51% of the coins  It'll be much cheaper to buy 500m of equipment to get 51% of the Bitcoin hashrate. I see from the posts that a number of people haven't cottoned on to the core issue. Step one: with borrowed money, buy 40% of the coins. Step two: sell all the coins, pay back the loan, banking any profits or covering any loss. Step three: mount continuous, free, penalty-less attacks for evermore. 51% is the minimum for a statistically-guaranteed success. At 40% success isn't guaranteed but those are terrific odds when you can mount a permanent attack basically for free. The odds get more forbidding at 20%, obviously --- but when paired with infinite free attacks, that's still quite tempting. That's my understanding of the vulnerability anyway. Cheers, Graham You can't borrow money to buy 40% of a PoS crypto, at least an established PoS crypto like NXT, it would be in the range of hundreds of billions (that's with nine 0's) of $$$. Buying 1% of NXTs drives price 25% in geometrical progression. Please do your maths homework first. On the other hand it only takes hundreds of millions of $$$ to hijack a PoW crypto like Bitcoin, not to mention smaller ones. Which adds up to, it takes on the range of 1000 times more money to attack a PoS crypto than a PoW crypto. |
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Please don't turn this thread into a PoW/PoS debate. Hive is not going to take a side on this topic other than to state that we will continue to make awesome software that serves as many users/communities as we can.
I had no such intention, only to have Hive developers read all sides of the argument. I fully support your dedication to make awesome software for many communities. |
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Please read the whole thread on that link, not just the first paragraph, manfred has no idea what he's talking about. |
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pow game over.....
not yet, another 1-2 years. |
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Qora Dogecoin is a joke? Not really, I actually hold Dogecoin in high esteem, unlike many, higher than Litecoin. I based my comparisons on the max cap of coins: NEM - Litecoin having 4x more than NXT - Bitcoin, while Qora is sort of between Litecoin and Dogecoin, but you can come up with your own comparison. I didn't mean it as a joke. |
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So, what is Kora then?
I meant currently existing (at least in testnet) cryptos  |
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the same is for pos then you need your cpu usage for running a pos coin, yeah is very little compared to regular mining, but it is always mining, just energy efficient....
As PoW coin energy requirements go up exponentially, energy requirements of public PoS nodes stay about the same, and are going from 1% of a PoW coin network's requirements to 0.1%, then to 0.01%, etc. For non-public nodes, you use your computer anyway, running a browser to forge doesn't take any additional energy. |
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But there is one problem with pure PoS coins:
Rich get richer JUST by sitting on their stake.
which (in my opinion) inevitably leads to centralisation of stake (just getting all fees until you get all the currency).
It will take definitely much longer time than centralisation of mining power did, but it probably will happen some time.
And wide adoption of such currency is only speeding the process (more transactions → more fees)
Am I wrong?
That is the only thing that i dont like about NXT and
that is where NEM with their Proof of Importance algorithm can succeed.
As we know there are two components that add to the inflation: increasing monetary base + increasing velocity of money. Introducing a little inflation in the system helps prevent the issue you just described - people have to transact, not just sit on their stakes, causing deflation in the system. NXT and NEM fight deflation in different ways. NXT will have a Monetary System feature in the coming months that allows to run other currencies backed by NXTs. NXT also allows to trade asset units on the asset exchange, the asset units can be used to settle debts when both parties agree to that. In practise this means there is more currency units available, because asset units and currencies running on top of NXT can appreciate faster than NXTs appreciate vs fiat. This makes large stakeholders buy some of those assets, thus spreading their large stakes among other members of the NXT economy. NEM has a different approach. It tries to increase velocity of money by making people transact more often and with more important NEMsters to be able to harvest block fees. This approach has yet to prove itself. The NEM economy will have to grow very fast to give people options to spend their NEMs. Otherwise where would all those transactions come from? |
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