Topic: [ANN] Lava - Zcoin POS fork - Planned Avalanche implementation - page 2. (Read 898 times)

expensive mining to generate new coins has a big impact on value of the coin
you want to make the coin decentralized by faucet distribution but its value will be next to nothing when all it does is same as zcoin
also the prices will never be stable because of the sell off from people as soon as they have received a good amt from faucet

Just support the faucet distribution and i think you must try to see how raiblock was using that method to distribute the tokens and that is getting a huge demand.
I thought that try to use POW is not always become the best solution. Some people may argue if that was a fully decentralized consensus but we must think about another alternative way to distribute the token.
So far only a few projects that used faucet distribution and that's a good idea to try.

It costs about 500k per hour plus about 1-2% of marketcap in mining hardware. You can short and recover the cost. Paying 2-5 billion $ to protect your monopoly is a small price to pay. They pay that probably bail banks with REPO agreements per day. FED balance sheet has expanded 300B since September i believe.

Now what will happen the first hour bitcoin is attacked. people panic, price goes down and cost to attack becomes cheaper, this happens in a loop or spiral of death. Trust will be permanently destroyed in bitcoin and attacks become about 10k an hour like smaller altcoins. Miners only need to recover the cost of their miners and a extra margin. They dont have huge skin in the game, whales, staker, holders do.

What you are saying makes no sense. Attacks cost billions. To gain little. That sounds quite secure.  You can also attack PoS with 51% attack and then is game over for that coin. 
ASIC mining is dangerous if there are secret ASIC producers that dont sell their ASIC and mine on it. Yes a lot of coins is such, I dont think Bitcoin at this point of time is such, but was in past.   You can mine Monero with your CPU and help to its decentralization.

Lava - Lelantus + Avalanche proposed protocols

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Lava is Private, Scalable Money - A customized Proof of stake fork of Zcoin that will implement the novel Avalanche protocol to enable Mastercard and Visa level Transactions per second and 1 second settlement.

Lava's Potential and some of it's history: https://lava.money/forum/showthread.php?tid=26

Lava Github repository: https://github.com/Lavacoreteam/Lava

Coin specs
Name: Lava
Ticker: LAVA
Blockchain: Custom Cryptocurrency, forked from Zcoin
Consensus: POSv3
Privacy Protocol: Sigma Protocol (by Zcoin)
Total supply: 1,000,000,000 Lava
Utility: Private, secure and scalable money
Premine: 100,000,000 Lava (10% of total supply),
of which 50,000,000 Lava (5% of total supply go to seed investors)
Block reward: 50 LAVA
Block time: 2 minutes
Block size: 10 MB
Inflation: 9.52 times lower than Bitcoin's (For example bitcoin had about 100% inflation it's first year while we have 13%)
POS block reward: 15 per block (30%)
Lava DAO Treasury block reward: 35 per block (70%) Due our low inflation this is equivalent to a ~7% development
on other projects which decreases each year. Your holdings get inflated ~7% the first year but the return on capital gains and value is exponentially higher then the 7% you get diluted.

Planned implementations:
Avalanche consensus: 1 second transactions, attack resistance, doublespend proof (attackers lose their coins if unsuccessful), scalability (thousands of transactions per second).
Lelantus (from Zcoin): Direct Anonymous payments. Requirement: hire specialized cryptographers and pay for code audits.
Lease Proof of Stake: Let someone else stake for you and split the rewards. Allows smaller stakers to join their stake with others trustlessly, or can allow one to stake safer by leasing your coins to a VPS.
On-Chain Governance: On-chain Lava DAO with voting according to stake
Exodus (from Zcoin): Digital Private Assets

Exchanges:

Southxchange:
https://www.southxchange.com/Market/Book/LAVA/BTC

Altmarkets.io
https://altmarkets.io/trading/lavaeth#
https://altmarkets.io/trading/lavabtc

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https://coinpaprika.com/coin/lava-lava/


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Lava launched on May 21th, 2020 at 8PM EST.