We need to give the DEV community TIME and CREDIT for the GROUNDBREAKING TECHNOLOGY that already exists. There is room for improvement after NAV ANON - this will be done in stages. I do not feel that DEVs will put their credibility on the line by being dishonest with a MEAGRE stake interest, if it exists.
Hey I agree. I'm behind this team that's why I've got 15
BTC worth of NAV right now and holding. (It was 11-12
BTC this morning when I woke up but gotta love the 33% increase
But I still think until the NMG & CSG subchains are decentralized we won't see the moon yet. And this isn't a worry about "
MEAGRE stake interest, if it exists", it's bigger than that! Do you understand how crypto works and doesn't break? It's not by traders, it's by code. So when I asked the guys what is securing the subchains (NMG & CSG) it's because I want to know that the crypto won't break. Without PoW (or something in it's place, ie: PoS) Bitcoin would fail. Miners won't mine if there is no reward and when miners don't mine then the blockchain stops working. And the same is true with every crypto forked off of it. That's 1/2 of the 2 Brilliant inventions Satoshi gave us; the blockchain.
So I could care less of the stake interest anybody is receiving,
but I care greatly about what's securing it. That means it better damn well exist! So it sounds like PoS is what is securing it but it also sounds like there aren't any rewards for staking it. So I still want to know if this is a hybrid PoS system or different for the NMG & CSG subchains. It's ok if there aren't any rewards atm because on Monday there will only be 1 centralized node (the foundation) and they don't have any reason to hurt their hard work. But what about those of us who want to be nodes when it's decentralized. There has to be something that will secure the double encryption tech or it will break. Again, it sounds like it's PoS, which is great,but what are the rewards? 1%, 2%, 10% annually, per transaction, what? What is going to entice [hopefully] a whole bunch of us to operate nodes? <-- This is my whole point: a whole bunch of nodes so we're
decentralized and unbreakable.
And I also will be very anxious for the decentralized model to be running ASAP. We all trust the Devs and the foundation whole-heartly, but true anonymity in the digital realm can't be controlled by one person/group. Too much could happen to 1 entity and shut down the whole operation.
- What if the server goes down - will NAV ANON not be available until it's back online?
- What if the NSA or someone puts pressure on the ISP of their node - will NAV still work but not the ANON part of it?
- What if they open it up to other nodes and while they are getting nodes someone controls more than 51% of them and kills the coin - for example: say the Navajo Foundation owns 1 node and the first 2 new decentralized nodes are owned by a bad person and they control 66% of the NMG & CSG subchains all of a sudden?
I can't wait to be Navajo "Magic" Gateway node & Choctaw Star Gateway node. I'd like to know what the rewards for operating a node will be. Until then I won't worry about somebody taking over the double encrypted subchains because one group already has 100% control of it.
TL;DRWe won't see the moon until we have 100% Decentralized-Anonymity. It'll be fun to see how high we go in the meantime