But maybe there is another way to have the code checked without it excaping into the wild.
This has been an ongoing discussion and should be considered seriously by qora and the dev committee.
Releasing the source code too soon will not only harm a coin's growth prospects but also promote copycat projects. Take NXT for instance, releasing the full source code certainly did not lead to wider adoption, and certainly did not help the price at all.
There are many benefits to "proving" that the code has the potential we say it does and is "solid" and can be done without releasing the entire code.
Again:
...in particular the PoS algorithm, the crypto aspects, and P2P aspects, and any other aspects that are innovative or unique to Qora. ... Can be written and edited by a trusted forum member after a short Q&A session with the dev... it would go some way towards getting Qora accepted in the wider community.
All we ask is that qora expand on what he/she has already stated:
- The proof of stake algorithm uses a combination of randomness, your generating balance and the time since the last block to determine if a new block is valid. Currently there is no protection against 51% attacks. I will create a detailed explanation of how the system works.
Reminder:
Guaranteed Features
1) Ed25519 DSA to verify and sign messages.
2) 1-5 minute block time depending on the network activity.
3) Retargeting every 10 blocks.
4) Password protected wallets that can be recovered/generated from seeds.
5) New Proof-of-Stake algorithm.
6) A JSON RPC API to directly communicate with the client.
7) Naming Service: Allows the user to register a key-value pair which can be used for various purposes (URLS, addresses, …)
This Naming Service will also include an exchange where users can buy and sell keys.
8 ) Colored Coins/Assets.
9) Arbitrary Transactions: A simple feature which allows users to send any payload they want over the network. This can be used by third-parties to build additional features on top of Qora (data storage, chat).
10) Transaction Boosting: Higher transaction processing speed by not having to broadcast the transactions to the whole network.
When will all this features be completed?
before launch day?
Everything except the last 3 will be available at launch.
8 and 9 should take about a month to complete after launch depending on how things work out.
And:
The plan for this currency is simple.
step 1: Catch up with other cryptocurrencies.
step 2: Surpass the other cryptocurrencies.
step 3: Staying ahead and marketing.
I will not focus on marketing until all the features are implemented.
Finally:
So the real question is do people want a developer who is brilliant and focused like a laser on developing the product or a developer who wants their clone to go to the moon? The worst thing the developer could do is listen to those who care mainly about the price. ie those who know the price of everything but the value of nothing.
I've seen enough to 100% trust this developer. Which I can't say for 90% of other coins.
Currently, I agree 90%. I will agree 100% if we can make public more details - it will be worth qora's (and all investor's) time imho to get this info out.
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, completely missed this
