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Poll
Question: Which type "Proof of System" do you believe will succeed in the mainstream economy?
Proof-of-Work - 15 (21.1%)
Proof-of-Stake - 45 (63.4%)
Proof-of-Importance (NEM) - 5 (7%)
Proof-of-Work/Stake - 6 (8.5%)
Proof-of-Vote (Nubits) - 0 (0%)
Total Voters: 71

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Author Topic: Proof of ______?  (Read 1174 times)
0nlyBTC
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December 16, 2014, 07:24:55 AM
 #1

I am curious to the outcome and would appreciate your opinion on the poll. Optional: Post your opinion relevant to the question and poll choice you made. Thanks for your time.

P.S. You can change your vote on the poll, however you are only allowed one vote per person. 
 

Example of Proof of Importance: https://bitcointalk.org/index.php?topic=654845.0

Example of "Proof of Vote" (for lack of a better term): https://nubits.com/
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December 16, 2014, 07:35:07 AM
 #2

Mark de Mesel sure believes in POS

I believe we need some long long term distribution model, but I'm not really sure it's doable

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December 16, 2014, 07:48:55 AM
 #3

proof of scam. pos , i think it is the main  idea this year Grin
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December 17, 2014, 07:41:33 AM
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Bump
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December 17, 2014, 11:29:41 AM
 #5

Proof of nothing
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December 17, 2014, 11:32:06 AM
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proof of scam. pos , i think it is the main  idea this year Grin
+1  Grin

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December 17, 2014, 12:05:13 PM
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proof of scam. pos , i think it is the main  idea this year Grin

Some people worked very hard this year to perpetuate this, though the established POS crytpos are still here. The technology is intact, scams were the product of human nature (lies feeding people's greed). I only heard of a couple newborn coins that had problems where a huge proportion of funds were stored on exchanges  Roll Eyes Can you point to a POS scam that was caused by corruption of the tech/blockchain?

Fortunately, the weak/scam POS are dying/dead in this bear market. POS will remain and grow until someone proves it is insecure. The serious analytical research so far suggests that the opposite is true. The future of POS is getting brighter each day.
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December 17, 2014, 12:17:52 PM
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proof of scam. pos , i think it is the main  idea this year Grin

Some people worked very hard this year to perpetuate this, though the established POS crytpos are still here. The technology is intact, scams were the product of human nature (lies feeding people's greed). I only heard of a couple newborn coins that had problems where a huge proportion of funds were stored on exchanges  Roll Eyes Can you point to a POS scam that was caused by corruption of the tech/blockchain?

Fortunately, the weak/scam POS are dying/dead in this bear market. POS will remain and grow until someone proves it is insecure. The serious analytical research so far suggests that the opposite is true. The future of POS is getting brighter each day.

Black coin's been around for a while and seems secure.
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December 17, 2014, 12:22:38 PM
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proof of scam. pos , i think it is the main  idea this year Grin

Some people worked very hard this year to perpetuate this, though the established POS crytpos are still here. The technology is intact, scams were the product of human nature (lies feeding people's greed). I only heard of a couple newborn coins that had problems where a huge proportion of funds were stored on exchanges  Roll Eyes Can you point to a POS scam that was caused by corruption of the tech/blockchain?

Fortunately, the weak/scam POS are dying/dead in this bear market. POS will remain and grow until someone proves it is insecure. The serious analytical research so far suggests that the opposite is true. The future of POS is getting brighter each day.

Black coin's been around for a while and seems secure.

Has there been any research into Blackcoins implementation of POS? I know they forked Novacoin, which is based on Peercoin, but was under the impression they changed parts so you can't compare against Peer/Novacoin. The changes could open up new attack vectors.
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December 17, 2014, 12:31:12 PM
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proof of scam. pos , i think it is the main  idea this year Grin

Some people worked very hard this year to perpetuate this, though the established POS crytpos are still here. The technology is intact, scams were the product of human nature (lies feeding people's greed). I only heard of a couple newborn coins that had problems where a huge proportion of funds were stored on exchanges  Roll Eyes Can you point to a POS scam that was caused by corruption of the tech/blockchain?

Fortunately, the weak/scam POS are dying/dead in this bear market. POS will remain and grow until someone proves it is insecure. The serious analytical research so far suggests that the opposite is true. The future of POS is getting brighter each day.
POS coins carry everything that is needed to scam people: initial distribution through IPO/ vague promises of interest/ no miners

may-be POS is victim of human nature  Grin, but POS is clearly scammer best friend...

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December 17, 2014, 01:19:49 PM
Last edit: December 17, 2014, 01:39:19 PM by Daedelus
 #11

proof of scam. pos , i think it is the main  idea this year Grin

Some people worked very hard this year to perpetuate this, though the established POS crytpos are still here. The technology is intact, scams were the product of human nature (lies feeding people's greed). I only heard of a couple newborn coins that had problems where a huge proportion of funds were stored on exchanges  Roll Eyes Can you point to a POS scam that was caused by corruption of the tech/blockchain?

Fortunately, the weak/scam POS are dying/dead in this bear market. POS will remain and grow until someone proves it is insecure. The serious analytical research so far suggests that the opposite is true. The future of POS is getting brighter each day.
POS coins carry everything that is needed to scam people: initial distribution through IPO/ vague promises of interest/ no miners

may-be POS is victim of human nature  Grin, but POS is clearly scammer best friend...


So just don't put money into new POS until it has shown itself to have some longevity. It is a completely different crypto landscape since the first POS cryptos were launched.

It is much easier to scam using POS, all you need is a copy and paste of a technical coins OP, change a few words/logo, add the lastest buzzwords (anon, sidechains etc.), have 3-10 sock puppets post and be enthusiastic and send some confidence payments to the genesis account. People follow the heard and give up their money willingly without knowing what they are doing. And they are eaten by sharks.


This still doesn't detract from the technology of POS, which still hasn't been breached. "Nothing at Stake" is likely to be shown to be BTC/POW propaganda, they have provided nothing to prove it is fact (even admit they only have assertions in their POS.pdf).

Blaming POS for scammers is the same as blaming telephone cables for cold callers or the internet for phishing attacks  Cheesy
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December 17, 2014, 02:58:24 PM
 #12

proof of scam. pos , i think it is the main  idea this year Grin
lol Smiley

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December 17, 2014, 03:04:52 PM
 #13

Proof-of-seeding.
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December 17, 2014, 04:31:46 PM
 #14

Please add Delegated Proof of Stake (BitShares consensus algo) to the poll.

DPOS is quite different than POS and I wouldn't confuse the two.

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December 17, 2014, 05:09:51 PM
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Proof of Stake  Grin

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December 17, 2014, 07:13:49 PM
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Please add Delegated Proof of Stake (BitShares consensus algo) to the poll.

DPOS is quite different than POS and I wouldn't confuse the two.

Is it a form of proof using your coin holdings? Then it's proof of stake.
It's just bullshit and hype giving it another name. Just call it proof of stake, but improved. Don't give it a new name, it only confuses the crap out of people.

PoS has evolved a lot since Peercoin, and will continue to do so. The only reason you should change its name if you want buzz/hype.
And buzz/hype without real (end-user) value is to be avoided, it only hurts the wonderful world the altcoin scene is.


Edit: Oh my, I just looked into DPOS, voting for people who can submit blocks. It's as ridiculous as Darkcoins Masternodes or Bitcoins ASIC farms. Let me make this clear:
AVOID (SEMI)CENTRALIZATION
Kthxbai Cheesy
0nlyBTC
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December 18, 2014, 01:23:55 AM
 #17

PoS? Surprising to say the least. I suppose if I posted this poll into the Bitcoin discussion, PoW would be leading. Interesting.
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December 18, 2014, 09:05:41 AM
 #18

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.

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December 18, 2014, 09:15:49 AM
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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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