[CLOSED] StakeCoin Bounty

[Bitcoin Oz]

I assumed PoS would be like mining where you need % of coins to fork the chain.

[maaku]

I assumed PoS would be like mining where you need % of coins to fork the chain.

It'd be a hybrid of both. You'd need X% of coins (51% of the weighted signatures) to fork the chain, and 51% hash power to maintain that fork.

[Ferdi]

Instead of PoW vs PoS, I would like to see something along the lines of rock/scissors/paper where three systems balance each other simultaneously.

+1

[ripper234]

Bump.

So, nobody except me has donated anything for this?

[markm]

Maybe try adding a PPCoin address for donations?

-MarkM-

[ripper234]

I actually still need to read PPCoin proposal and see what it's all about.

On the surface it doesn't obey rule #5 above (The coin must abide by the alt-coin RFC), but since the bounty collected so far is trivial, and the RFC is just something I made up, if PPCoin answers the rest of the conditions I'll award them the bounty.

If not, I will add a link to this thread to my sig.

[maaku]

PPCoin is not proof-of-stake, at least not as that term has come to be used. It has nothing in common with either existing PoS proposals--on the surface it resembles Cunicula's, but it's totally different in the details. It fails #3. (Given that it's centralized with a checkpointing super-node, I'd say it fails #1 and #4 too.)

IMHO, keep the bounty going, or at least wait. This proof-of-stake "solution" has not been community vetted. If anything, it's going to end up making proof-of-stake look bad when the coin collapses.

[ripper234]

(Necrothread)


Update - after 1 year, nobody sent any bounties at all except my initial 1 BTC.
I have decided to sent this 1 BTC to SunnyKing for his innovation in creating PPCoin, and close this bounty pool.