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NXT is a scam. No matter how you do it, distributing coins via PoS is unfair and will always be unfair. Those who get in on the "IPO" are the ones who always come out richer.
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lets be honest. PoS is fair - for miners is unfair for sure... not for investors and users.POS is different economy and philosophy you can't compare like that. Good POS volume shows when coin were good distributed or not... POW (80% premine bytecoin 1st crypto note ) have 10k $ daily volume and POS Blackcoin no premine have 70k$-300k$ during last month is better than NXT all the time Volume/Coinmarketcap ... NXT is not scam - is different kind of distribution and Volume vs coinmarket cap is rising so distribution is increasing... I wait NEM Volume/Coinmarketcap ... in future... POW and BTC now when BIG specialized farms mine BTC also have controversial centralized coin distribution... ...you won't never have perfect system no in Monero or NEM or NXT or BC or PPC. PS: today REAL use have only BTC for sure... rest is just for speculations. from pump to pump... volume up. If i have to invest NEW win for me ( good distribution + core devs who created protocol are with NEM ) |
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RDD was #2 for biggest value increase!  Can you beat Quark pump ? 150 - 30 000 in 2 weeks  ? Coinmarket will show you pump limit... 1m$ - easy pump 5m$ - good pump 20m$ - mega pump 0,5m - 1m$ coins can keep months years without any updates to keep 5m$ coin need to be innovative and keep hard work all time to not fall to 0,5-1m area. RDD can go between 5m-10m and replace some coin which used "rollback" PS: POSv can be manipulated IMO "single IRC rain bot" can make 1000 transactions overload network to gain bigger profit from Velocity. anyway +1 for concept for sure for RDD |
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In POS2.0 you can not accumulating a lot of coin-days being offline.
Only online coins can accumulate.
At least with BC; I found it interesting that they were moving to SHA256 for POS 2.0 vs Scrypt. Not sure what the technical reasoning was behind this, but interesting none the less.
”Scrypt” [5] as its Proof-Of-Work; also being used as the block hash. However there are some issues with that previous
implementation. Using Scrypt offers no real advantage to Proof-Of-Stake; and is far slower than some alternatives. Since BlackCoin is no longer in PoW phase, the only major change would have to occur in the algorithm for determining the block hash. Therefore the block hash has been changed back to
SHA256d. To reflect this the block version has been increased to version 7. PS: From my experience Blackhalo is using SHA256d so i speculate that scrypt have some limitations to use multi sing technology. ( 2 factor authentication in clients - in Halo addresses have 2 dimensions ) or is just slower. |
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More staking nodes you have then better for POS security.
I see a big security issue here. - 1000 wallets holds a few coins and are installed on multiples computers or virtual machines and the biggest wallets are and will be not always online. That means these 1000 wallets will be able to validate/reject transactions as they want. In a POW coin like bitcoin, it is not the number that is important but the power of the computers. Minig power ( POW ) = Weight in POS ( weight = number of staking coins * coin age ) // coin age is number of days you wait till stake you get more days over time (in POS 2.0 coin age you get only being online offline coin age = 1 in POS1.0 you can get it offline and accumulate it) More staking nodes you have then better for POS security. Now more coins in different wallets better for network no mining concentration same like inPOW 100 small miners is better than 3 big miners. ( i was not to precesie in that before ) In POS big holders have to secure network elsewhere they will make insecure network - you hurt themself. |
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In a way, but the difference is you can only doublespend on Bitcoin if you have 50% or above hashrate(even then its not 100% that youll succeed), with PoS, you can doublespend when you have 50% coins, and even when you dont have 50% of the coins anymore. So once you get 50%, you will always be able to doublespend, at any point in the future..
no man.... this not goes that way.... i was talking to POS dev if you have 2 addresses A = 50% B =50% they have equal chance to stake... who will win is random. dont forget coin age parameter... A adress have 50% of all coins... ( 50% mine block chance ) B adress have 25% of all coins... ( 25% staking chance ) day 1. A adress have 50% of all coins... ( 50% mine block chance ) adress A mine blok B adress have 25% of all coins... ( 25% staking chance ) + 1 coin age day 2. A adress have 50% of all coins... ( 50% mine block chance ) adress A mine blok + 1 coin age B adress have 25% of all coins... ( 50% staking chance coinage parameter kicks in and reset)... .... that staking chance is weight in POS this is not so simple if that would be like you are saying - none will ever stake with low amount of coins... I have one BC address with 100BC and it can stake once per week... |
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My logic was mathematically fundamental. The input entropy set is quite deterministic and well known and thus can be preimaged. For example, accumulating a lot of coin-days-destroyed and then targeting them in clever ways to subvert the security.
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In POS2.0 you can not accumulating a lot of coin-days being offline. Only online coins can accumulate. |
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A Nothing at Stake attack was done twice on Navajo, which is a PoS coin. That attacker, since he owned 50% of all navajocoins, can now doublespend, anytime he wants at any time in the future, just because he owned 50% of all coins temporarily....PoS=Piece of Shit.
ONCE AGAIN. Cheap coins who are in 90% kept on bittrex to sell on pump are valuable because none protect network! attacker can have 2% of all coins and make 51% attack... when coin don't use solution from POS2.0 is even more valuable to such attacks. In POS2.0 you cannot generate "more mining power being offline" only online coins can get coin age. so problem with "owning 50% of all coins temporarily" is minimal and much harder to exploit... Navajo is not protected because of no one is staking... Not using POS2.0 make it even more valuable to attack. Now look at similar POW coins if you rent mining ring 100Mhs you can attack 18coins with 51%...http://www.coinwarz.com/cryptocurrency?sort=hashrate&dir=ascSame situation like with POS shitcoins who no one protect... |
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Today top future players:
- BTC ( to big to fall )
- similiar protocools: ( NXT Bitshares NEM good core developers ) Java POS family
- similiar protocools: (Blackcoin good core developer, + some coins in line XC Cloak, unfortunately PPC at development goes slowly )
- similiar protocools: ( LTC good core devs Doge as support coin )
- anon XMR or ANC ( ring signatures vs zero knowledge )
- Counterparty is interesting and builded on BTC (1st decentralized exchange cool projects)
Features:
in real most features can be builed on any coin like when lets say BC will deliver decentralized exchange later all will adopt it
when Cloak will deliver one market rest can go inside and trade on cross chain solutions...
Centralized solutions like holytrransaction can be build on any coin no matter name
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Re: Are PoS coins secure and reliable? Summary: Yes but only strong POS networks.To be fair now days new POS coins are kept mostly in Bittrex lets say sometimes i see 50% of all in order book !!!!If 97% of coins are kept probably on exchange ( bittrex and POS new stars… ) when you will buy 2% of 1m coin for 400 sat…0,08BTC You can play god of their network… and 51% attack have 100% chance. People are just greed they produce coins which will never have security because of lack community to support it But same is with POW coin who have network hash rate 10mhs-300mhs scrypt… Same rules are here and there… just look: http://www.coinwarz.com/cryptocurrency/?sort=hashrate&dir=asc one KNC titan 300MHS can wipe 30+ networks… While to hit POS you need buy coins depends on coinmarketcap that can be easy or hard... Real POS coins like PPC(someday pure POS) BC FTC have secure POS networks today while some newer clones needs some time
or they won't have never it security all depends on people how they secure networkIN VRC situation is that they decided to put 30% of all in ONE place they risked a lot. Coins with high network weith and many nodes i wil consider as safe. http://bitinfocharts.com/comparison/nodes-ppc-bc-xc-ftc-nvc.htmlImportant in POS are p2p networks exchanges, markets, smart contracts and people who will use them. When those solutions will be popular POS networks will be more secure and faster. |
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I have a simple question.
Let's take an example: There 3 active clients on the network right now.
- Wallet A holds 10 coins
- Wallet B holds 10 coins
- Wallet C holds 100 coins
Wallet C sends 100 coins, who will validate transactions?
Bitcoin miners help keep the Bitcoin network secure, but how secure are PoS coins?
If Wallet A or B can validate transactions, that means PoS is vulnerable to important security flaws?
Wallet C sends 100 coins, who will validate transactions? straight answer from POS developer: - Wallet A and Wallet B have equal chance. - 50% if A and 50% if B Bitcoin miners help keep the Bitcoin network secure, but how secure are PoS coins? On-line coins secure network they are like mining machines.POS is secure as they holders are.More staking nodes you have then better for POS security. Size of wallets also has matter. NXT have diffident build than PPC family (note: PPC in not pure POS today like BC VRC XC ). How see networks of particular coins. More nodes better.  to add more secure and BIG nettwork(more coins) is the faster transactions you will have look:  |
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BC (Blackcoin ) - recent projects like (Bithalo black halo ) decentralized p2p smart contracts / 2 FA in client in beta.
one coin which constantly improve POS protocol, many other interesting projects on way like BC oriented exchange for innovative coin only, decentralized exchange on the way too.
PPC - i ow few to credit that was 1st coin with POS system which i love sadly sunny king don't develop PPC so much last days.
Nem - probably NXT "killer" at least better distributed coin we will see that in volume
Anon - Mro looks like LTC in anon good development team. before i was thinkink about DRK but it forks...
ANC - just for that it was 1st anon coin in alts build straight for tor (i wait for zero coin protocol )
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Are there any special requirements for running nodes? Thanks!
Usual node = just open wallet ( staking or not ) user under firewall or NAT. Active node seen on global map user who have active connection to Blackcoin network. There you see "REAL dead" coins Doge LTC aren't so dead too. http://bitinfocharts.com/nodes3d.html |
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I recently saw 37 million network weight. Is that a new BC record for staking or does anyone know what the peak was (I may have missed it)?
I only see 211 active nodes though. tommorow ill add 1 With many coins so it will secure network even better xD meto ill add 1 brings us to 213 by tmrw Active nodes are nodes not under fire wall seen on 3D map. I am staking and my IP is putted into "all node".. People like me is over 2000 online. and active connection rise up to 242 ! http://bitinfocharts.com/nodes3d.html |
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blackcoin is so dead. It doesn't even get a pump anymore. Which explains why the BC community is so desperate in trolling another coin. It's all they have left.  Face with that fact ( why BC is not dead - best POS staking coin today ) and try think logically why when Mintpal market was opened again number of online staking wallets dropped by 50%: http://bitinfocharts.com/comparison/nodes-vrc.html |
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every BCer thinks the present price is low, right? and everybody is watching or picking up a little bit, or waiting for ever lower price, right ?
therefore, the price surely will be lower! believe or not, we'll see.
On markets price go up - price go down. For me BC price under 1$ is real cheap. BC vs BTC it is hard to predict but rat4,david,drunkonsoud are very good developers. While foundation today represent BC much better than before... compare 1st blackcast to last one... "multipool" compare last one blackcast and projects decentralized exchange p2p smart contracts client POS2.0 just step away from PC be objective and look at MEGA progress... Those people are working BC price won't come from nothing next time.hard work give effects in price BC centralized exchange can give new sort of true demand on BCblack hallo too it will take a while till it will be adopted and used by people Hype will create you pump and then dump like always there is no exception here BTC DRK LTC BC... coins without active development wont go back hight again that is sure. |
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+1
Well said. BTC will be replaced as the leader sooner than I had expected a week ago. I am more confident than ever. If not VeriCoin, someone else who is willing to walk in these exact same shoes. Been a long time coming.
need to mark that one. |
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Btw, there is not much resistance to get the price up again, last saturday it took like 15 mins and 50 BTC to get from 16k to 21k.
Agree. That is the biggest point why not to sell lower with such tinny volume one hour and your price can never come back to 17k and people who wanted buy back at 12k will be so pissed off. I just accumulate my BC sell pressure is little and crypto surfers no new money syndrome that is whole is about. Same price rebuild can be even with DOGE DRK... people will know which coin is worth to pick up i no doubt in that. |
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1) Other coins can rollback as well.. will u stop them ? NO ... so topic closed. They have used this "feature" to save the coin.
You can do what you want... But actions have consequences... ....
2) It was the question to die or not to... They have chosen not to. That's pretty sad uh ? It will hurt POS reputation ? I guess it will save, couse everybody will know
that in such kind of live or die situations, coin will have an opportunity to survive.
3) You don't like crypto's which can rollback ? Why are u BC (POS) holder? Couse you are 101% sure that it won't happen to BC ? Seriously ?
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When BC was stolen none made rollback to save price... They even put death treats on rat4... That is why i RESPECT him so much. DRK,BTC,LTC,DOGE stolen no rollback... Solution3: create VRC2.0 without stolen coins.... and make Mintpal pay for losses over time......
4) That's why they have did that, not to let away thief with 1/3 bag and to fuck up whole coin.
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Those people who let exchange own 30% of all supply didn't deserve to own those money (they didn't respect VRC and it security) they in probably wanted dump it in 1st better occasion on pump...there wasn't long therm goal in those intentions. ...
5-6) Yeah - never trust anybody even yourself when u think you are 101% right... so there's no need to talk about the trust of exchanges...
that is why you won't be never sure if Mintpal version is real one... ( MtGox,CR and lies...) ____________________ that is my last respond. I beg people from BC community to not left to many BC on exchanges... we won't rollback.
your money are your responsibility not exchange. |
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