As we can see, people love the concept. Maybe the dev's mom figured out.... and now he's feeling guilty.  |
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I have full and better understand of PoS coins than you, and I very well know how PoS works..
No you don't. You simply don't make any sense. Your worst error is suggesting above that the difficulty of PoS has any bearing on the protection that PoS provides a coin. Let's look at just a few of your other comments: WOW what argument. You skipped the 'rest of the comments' so quick. Even mintcoin (100% PoS) has a difficulty of 0.243. It provides 0% protection and 20% interest rate.
If 100% of mint has 0% protection, then why has it not succumbed to an attack on its vulnerabilities? The answer is that PoS provides the protection. You simply ignore (or more likely are unable to recognize) this fact. Mint is protected by the PoS network.So according to you, high difficulty does not provide any protection against any kind of attacks. I bet you'll not respond to this argument, you'll treat it as 'rest of the comments'. The reason why it has not been attacked is cause even this coin has not been attacked yet. Once an attacker realizes this and once he think it's profitable, then he'll attack. Besides this one is another pump and dump coin. You go on to contradict yourself: You need to run a full node in order for the wallet to mine blocks based on PoS and it should be up always; how many people will do that?
Which you follow with Proof of stake is not good. It encourages holding the coins as investment, avoiding it's circulation,
Which is it? First you suggest that too few will keep a wallet open to mint and then you suggest that too many people will do it. So according to you keeping a wallet up = more circulation of coins. WOW what logic. |
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Well actually I have evidence.
There are only 6 or 7 PoS coins coins in the top 50 cryptos (and even less in the top 100), only HoboNickels gives 100% interest rate, the second highest being mintcoin.
As of peercoin, the PoS difficulty is 10, while PoW difficulty 154,904,621.505. Clearly, PoW save PPC from a 51%. And the moment people realize mutual fund schemes give many times better returns, they'll dump PPC for it. So actually, it's surprising why people are still holding PPC for it's negligible interest rate. I would like to learn.
Even HoboNickels, which has a return of 100% a year, has PoW difficulty of 10, and PoS difficulty of 0.003. Speaking of which it's peak has arrived, and never see it's peak again even if the dev is active (it wont die -- but it wont go as high).
Even mintcoin (100% PoS) has a difficulty of 0.243. It provides 0% protection and 20% interest rate.
Did you just time travel from pre-Copernican Europe to criticize altcoins? Because your critique has all the features of Medieval Occultism. Most notably, it is clear from what you have written that you have made judgements without even the slightest understanding of how PoW/PoS coins work. First, the PoS difficulty is supposed to be much, much lower than the PoW difficulty in a PoW/PoS coin. That's by design and is part of the source code. The reason is that the likelihood that a stake will qualify for minting is based entirely on coin age. Once qualified, the low PoS difficulty allows the stake miner to find a hash with very few resources and within the target block time. Second, all of the attacks suffered by PoW/PoS coins are directed at the PoW component. EBT is a case in point. Just read the summary above. In fact, if you read all the way through, you'll see that to get the servers synchronized, they use the blockchain kept by the PoS minters. Proof of this fact can be seen by the long stretches of PoS blocks. Finally, if you read the entire Blade thread, the Blade APR is 20.19%, in line with the Bladerunner theme of the coin, not 100%. It looks like someone on the Balde team needs to update the OP. I have full and better understand of PoS coins than you, and I very well know how PoS works.. The low difficulty suggest -- You need to run a full node in order for the wallet to mine blocks based on PoS and it should be up always; how many people will do that? (especially when the interest rate is low)? When these coins will be made popular, 90% people will run light weight wallets giving power to the hands of these 10% (PoS difficulty will be low in this case). Difficulty of 10 for the 3rd largest cryptocurrenty is very less. And I bet most of the contributers of the difficulty are the exchanges. It's all in the FAQ, it's you who failed to read. And the reason why I made up that article is exactly for people like you and I've proved my point over and over again 10s of times, you're not the 1st one. For e.g. this guy (just like you) claimed that Bitcoin is the best crypto. He's living in a cocoon like yours and you, like him, will end the debate blaming me instead of cutting the facts that I put here. Besides your task here is to protect your hard earned 5-minute block target crypto (30 minute confirmation!) and targeting everyone who targets your beloved coin which has horrible specs. Failure of PoW in this coin can be entirely be blamed on the design flaws of this coin. More than 90% of successful cryptos, especially the new ones are PoW and there are many simple and effective difficulty algo to protect against just that (multipools i.e.) and they're targeted by them all the time and none of them stop. All have learnt. This crypto doesn't even specify it's difficulty re-target algorithm, and the dev refused to fix it. As of 20% rate of return -- Stability in prices -- Cryptocurrencies are not commodities. It's designed to be spent and a medium to receive payments from. If a cryptocurrency is not that, it's basically a pump and dump scheme.
Actually if you see for a fair cryptocurrency which is not seen as an investment, there should be a little bit inflation, cause that way people will not hold on to it like investment; instead they'll use it to buy investments like shares and gold -- which is something to be seen as an investment. And this one has 20% inflation. Once stability has been established, it's prices will drop 20% each year if all the coins are online, and cause of it's high interest rate and design (100% PoS) there are reasons for them to be online. Proof of stake is not good.
It encourages holding the coins as investment, avoiding it's circulation, i.e. true use as a cryptocurrency. Then worst -- PoS looks at the coin age; the longer you're holding a large amount of cryptocurrency, the higher the chance of mining a block, which further reduces chance of circulation. However if the profits proof of stake is giving you is negligible, then we may nullify this disadvantage. PoS is good, if done right and along with PoW. |
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Someone stop these poor desperate nerds from selling EBT at 0.00000067, 0.00000070, 0.00000071, 0.00000072 and look at the quantity 0.000x, 0.00x etc...
They're desperate for women, desperate for fame and now it's clear they're desperate for even the slightest amount of money. But in the mean time they make a bad day for other not-desperate people and miners.
they want btc instead of ebt and they get it  But they can get MORE BTC for EBT if they wait. If the sellers don't increase prices, the buyers will. |
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Someone stop these poor desperate nerds from selling EBT at 0.00000067, 0.00000070, 0.00000071, 0.00000072 and look at the quantity 0.000x, 0.00x etc...
They're desperate for women, desperate for fame and now it's clear they're desperate for even the slightest amount of money. But in the mean time they make a bad day for other not-desperate people and miners.
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Nice game!
But hay -- your premine is limited. We need a game which also generates income (in a transparent way maybe). Maybe simple dice/cards games also.
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As of blade, the crypto has not taken off, and will never take off (there'll be no inverters seeing it's 100% interest rate or 100% inflation a year) and PPC will die someday.
You just spammed this thread with text from your blog, which doesn't contain any data to support your claims. Well actually I have evidence. There are only 6 or 7 PoS coins coins in the top 50 cryptos (and even less in the top 100), only HoboNickels gives 100% interest rate, the second highest being mintcoin. As of peercoin, the PoS difficulty is 10, while PoW difficulty 154,904,621.505. Clearly, PoW save PPC from a 51%. And the moment people realize mutual fund schemes give many times better returns, they'll dump PPC for it. So actually, it's surprising why people are still holding PPC for it's negligible interest rate. I would like to learn. Even HoboNickels, which has a return of 100% a year, has PoW difficulty of 10, and PoS difficulty of 0.003. Speaking of which it's peak has arrived, and never see it's peak again even if the dev is active (it wont die -- but it wont go as high). Even mintcoin (100% PoS) has a difficulty of 0.243. It provides 0% protection and 20% interest rate. |
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It's time the community does something about an exchange.
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I rated this better than quark, but now it ranks a lot lower.
If you are actually serious about rating good coins (and not just a troll), then look at Blade: 1. Tiny premine that is already spent (originally 20190 out of a current 16988980: 0.12% premine) 2. Very green (pure PoS), but made it to the full PoW block count, and a little beyond 3. Excellent performance and network stability since the last update 4. Very cheap now 5. Listed on cryptorush (when it comes back) and xnigma 6. Has a dev team who have worked out every bug that has come along and kept the chain clean It's probably the perfect coin right now. Proof of stake is not good.
It encourages holding the coins as investment, avoiding it's circulation, i.e. true use as a cryptocurrency. Then worst -- PoS looks at the coin age; the longer you're holding a large amount of cryptocurrency, the higher the chance of mining a block, which further reduces chance of circulation. However if the profits proof of stake is giving you is negligible, then we may nullify this disadvantage. This disadvantage is nullified, cause interest rate is not high. You need to run a full node in order for the wallet to mine blocks based on PoS and it should be up always; how many people will do that? (especially when the interest rate is low)? When these coins will be made popular, 90% people will run light weight wallets giving power to the hands of these 10% (PoS difficulty will be low in this case). Yes it is true, like with PoW the distribution of mining power will shift towards more professional miners who'll hold large amount of coins, but if the interest rate is low, they rather sell their coins to invest in real world schemes which provide more profits than this crypto, as an advantage they'll have lower risk cause the crypto market is very volatile.
In case of PoW, power will may be in the hands of 5% (lower no. of people than PoW) but they'll have a lot of hashing power which if compared to the amount of coins held by these 10% is a much higher value increasing the difficulty in comparison to PoS, which results in higher comparative difficulty for PoW. As compared to PoW, acquiring enough coins to do a 51% is easier (at these low difficulty and especially when interest rate is low.) Why PoW is better -- An advantage as compared to PoS for the same inflation rate is that, cause less no. of people will be mining via PoW as compared to PoS (cause PoW requires investment in electricity cost, and hardware), the distribution of the inflation rate will be limited to less no. of people making the amount profit via the limited inflation rate more significant. This can be seen practically. For popular alts, the hashing power is more distributed cause the difficulty is low and profitability is high. Overtime, more people come up to mine the coins many of which are large professional miners and as the difficulty rises profitability falls reducing the no. of small time miners (cause profit is not significant anymore -- low profit margin), but the large professional miners persist (low profit margin, but higher hashing rate means more $$$s for a small % margin), increasing profitability for them. Of course the no. of miners also depends on the popularity of the crypto; but given the same popularity, we see this trend. As of blade, the crypto has not taken off, and will never take off (there'll be no inverters seeing it's 100% interest rate or 100% inflation a year) and PPC will die someday. |
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QRK difficulty is low, profitability is high.
Mine some now, sell at high prices then.
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You've plans for another game?
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You could've changed the difficulty algo.
We considered this option and would have preferred it. However, we felt that changing the retarget algorithm was too experimental and not guaranteed to have the desired effect. Bad luck. I rated this better than quark, but now it ranks a lot lower.  |
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Dropped php/mysql in favor of node.js/mongodb. More untested software. More security vulnerability in the making. |
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Dev missing for a long time.
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Security Warning
It's unsafe to run the wallet on Windows system, cause it's build against vulnerable (heartbleed) OpenSSL libraries.
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Desperate nerds selling it cheaper.
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Isn't suspicious that two days ago network hashrate was like 1 Mh/s and now it is 56 Mh/s? Furthermore, if becausepool has 1.5 Mh/s, where is the rest?
Did someone started soloming with some kind of ScryptN fpga or something?
Call me paranoid, but this thing really worries me.
Scrypt-n is GPU resistant and ASIC friendly. https://bitcointalk.org/index.php?topic=545219.0 |
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You could've changed the difficulty algo. |
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That dice game is not working.
Fix it or remove link.
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Anyway. I learnt my lession.
Now I don't store much of coins in exchanges.
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