That quote is exactly what they say they have found, since it is a quote from the OP of the thread you refer to...  And your comment says you haven't taken the time to digest and understand the paper... or even read the OP apparently, before commenting on it. Sheesh... |
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That's very uncharitable at Christmas! You can spam when the POI whitepaper is finally released  |
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Thank you, I'm watching this, I'm "coinomat" at nxtforum I never knew!  |
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Ok, I believe you.. As you are such a pro on POS and Nothing at Stake, you might be interested in this... *** Some rigorous research into POS, which includes some findings relating to the so called "Nothing at Stake problem" has been published >>> https://bitcointalk.org/index.php?topic=897488.0You can play with the models used to get the findings yourself. There is still some questions to answer (which will be done in subsequent papers) but the authors found "it's nearly impossible to attack a proof-of-stake currency with '1% stake even' as stated by Buterin". Please comment in the thread >>> https://bitcointalk.org/index.php?topic=897488.0 to hopefully get a good quality discussion going for the benefit of the crypto scene, let's leave tribalism at the door. *** I am sure everyone would like to hear your theories on what makes you say "some people think you need 51% of the supply but this is bs, you need only a very little % if you just want to do a single double spend." The two PHDs who wrote that research say it "nearly impossible" to do what you say is trivial... |
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Some rigorous research into POS, which includes some findings relating to the so called "Nothing at Stake problem" has been published >>> https://bitcointalk.org/index.php?topic=897488.0You can play with the models used to get the findings yourself. There is still some questions to answer (which will be done in subsequent papers) but the authors found "it's nearly impossible to attack a proof-of-stake currency with '1% stake even' as stated by Buterin". Please comment in the thread >>> https://bitcointalk.org/index.php?topic=897488.0 to hopefully get a good quality discussion going for the benefit of the crypto scene, let's leave tribalism at the door. |
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Some rigorous research into POS, which includes some findings relating to the so called "Nothing at Stake problem" has been published >>> https://bitcointalk.org/index.php?topic=897488.0You can play with the models used to get the findings yourself. There is still some questions to answer (which will be done in subsequent papers) but the authors found "it's nearly impossible to attack a proof-of-stake currency with '1% stake even' as stated by Buterin". Please comment in the thread >>> https://bitcointalk.org/index.php?topic=897488.0 to hopefully get a good quality discussion going for the benefit of the crypto scene, let's leave tribalism at the door. |
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Mining costs are ramping up with a speed of lightning and reward for block finding is going down. At some point there is no way to enter this economy since there are "top miners" who will simply outmine you.
"Free Entry" does not mean "low capital requirements". http://yadayadayadaecon.com/concept/free-entry-and-exit/I fail to understand why an attacker has to choose which chain to participate in. The built-in fundamental premise of PoS is that the stakers will mostly behave themselves because they have a lot of stake. Ultimately, if they misbehave the "trustworthy" will roll it back to their preferred chain. The mechanism by which this roll back takes place in NXT is through trusted peer lists and a 720 block fork limit. (Not through formal "checkpoints" like I expected.) So PoS does not achieve trust-free globally decentralized consensus, which is the entire point of the N@S criticism. http://download.wpsoftware.net/bitcoin/pos.pdfThough I think I'm preaching to the choir... Serious research into POS can be found here >>> https://bitcointalk.org/index.php?topic=897488.0You can even play with the models to check the findings yourself. I love that PDF btw, esp the bit at the end where they admit they have no rigorous analysis to back up their claims. Only intuition Please consolidate comment on the above to the link >>> https://bitcointalk.org/index.php?topic=897488.0 |
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Yes, it is. He also works with andruiman in this research.
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As I understand it, the MaidSafeCoin tokens are secured on by the Mastercoin blockchain. I am aware you can trade them on centralised exchanges (Polo) but they too must record changes on the Mastercoin public ledger. So does it follow that the success of MaidSafeCoin relies on the success and continuation of Mastercoin?
I presume MaidSafe will launch and separate from Mastercoin at some point, anyone know when this will be? Is anyone still involved in Mastercoin to comment?
Seems strange a $20M marketcap is dependent upon people caring about the continuation of platform that is less than 10% its size and you don't hear much of. If the Mastercoin network folded, the trustless record of who owns which MaidSafe fractures with the inevitable fallout. Seems like a little understood risk to me, unless I am missing something.
It is of course true any asset is reliant on it's platform, but the risks with Mastercoin seem an order of magnitude higher to me.
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After doing some searching it still looks like you can't buy BlackCoin directly from Australia unless going via BTC. I would love to see a AUD/BC Pair No AUD but there are: BC/EUR BC/USD BC/DKK BC/CNY at https://www.ccedk.com/bc-btcNo liquidity but I guess that is because nobody knows about it.. |
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It is only on testnet now. Do you mean in the future?
Even so, I'll wait for the release before judging how successful it is. There is analysis tools of the Nxt blockchain being created that I am confident will show a steadily increasing number of transactions per day, along with the dwindling number of empty blocks. I can't show you the proof yet but I don't think you will be able to deny that Nxt isn't slowly being adopted and used.
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Proof of node. By this, I mean having a dedicated node running 24/7/365 and the longer it is running, the greater the chance of receiving a reward. Might be better off paired with something else like proof of work or stake, though.
There is a very small Nxt clone called Horizon (previously NHZ, New/Nxt? Horizon) that does this as it's distribution model. Each nodes is given x coins for being online. It has 4000+ nodes I am told so can be considered a success on that front but it doesn't seem to offer/attract users much so that is probably the reason it is 96 on coinmarketcap. Interesting idea though. |
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The system works, thanks to testers. Please continue trying to break MS  New testnet version below. Again, for advanced users only. -----BEGIN PGP SIGNED MESSAGE----- Hash: SHA1 Release 1.4.1e [Link removed, see original post at https://nxtforum.org/nrs-releases/nrs-v1-4-1e] sha256: [sha256 removed, see original post at https://nxtforum.org/nrs-releases/nrs-v1-4-1e] Change log: This is a bugfix release following 1.4.0e. Fixed Currency Exchange Booth not working. Fixed currency decimals issue. Fixed minor bugs in MS transaction validation. Show total alias count in aliases page. Alias deletion and dividend payment UI fixes. -----BEGIN PGP SIGNATURE----- Version: GnuPG v1.4.12 (GNU/Linux) iQIcBAEBAgAGBQJUkfhFAAoJEFOhyXc7+e2AlyQQAOUQHpZc+03kvf0aVQIy45oU XtHKlt98PwjSKW0MdzyKXXTohdMFTHKR3vvaSRMFqVu+Bvf8ZCL1liLD/J0kidO9 E2AxCvcvAnNKwcNlJQPZjLsboR7aACHG1qwrICOXYeYuBBLrqlUx6UuPjFZdBHXB BszYDcxpIZ8thUwa/dPhTVdq9Q0AmKoPMME/Jq0OH2tfM3SJEMRI4NkWQbQ8YjmB 1xCt8Z2aplKIJGYmo8pvxZBXvo52N277EKXBnZfn55LoHjIQL3hX4WMBc3GwshhA 9mvJNyMsS4ZTRREH2ZjwiVsu2p+sZ53JBzwhXSpzm2R6LoUrrVA9E6h0ZzKWSj/c yFvkZjAvGobmmZ6a1kzAiRGKLildkpS2CIDOyy32NMHL9yu538jbbmMvtVVAr1oM uZehyJxwym+49t0F6dtjwj60nbfYgJoEjXcdidyby+0AQOBHcx+uvhz1easxtsMd 1SgkJ77EdwntK1hXM1Dkx24vA6jABkjihZyBMn3IKQvaSToZFRPe9RXMdqtu+Or6 QmAoXuvy+65I361J6m0wbB1yFvpTgPlOdBAnRr/rx85v3Z+QnNBm6ApmIirINNy7 hRtsvdv6REnI/L8MJdjyGV63nfsuOFqiP32I50cy8XhiO87Cxtpr1SZCHXyk6t5V iO9Z9Cznf748wQC1TW3u =TfLA -----END PGP SIGNATURE----- |
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@ChuckOne Cool. I have a suggestion for a new property, someone was asking about it on Nxtforum. We have provision for those that want a POW coin but someone asked about POS+Inflation i.e. the supply is inflated at a set (or variable I suppose, like BTC) rate over time. I don't like inflation coins (I don't like POW either ) but lots of other people do. So, does MS currently cover the scenarios: 1a) "I want a POS coin that has 1min blocktime, each block issues new coins that give an annual percentage inflation of X%" and 1b) "I want a POS coin that has 1min blocktime, each block issues new coins that give an annual percentage inflation of A% for the X years, then reducing A-B% for the next Y years." < option of variable or linear reductions rate would probably be good I looked at the spec and I didn't think it did. Maybe a the first new property after initial release? |
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