Complaining about distribution is like complaining about block difficulty going up. Then poor miners can't pump and dump because they can't afford newer mining rigs/equiptment. Fact - POW is doomed. POS is the future (at least for now).
Qora is still in it's infancy and will find it's niche. The selling is great for distribution and will continue. Nxt is blazing a path that other POS alt's such as Qora can follow or avoid and the long term outlook is great.
If you are looking for a quick pump and dump, there are plenty of other shitcoins to take a look at so don't waste your breath here. This is a Proof-of-Stake coin with Proof-of-Stake supporters, so you little miner's can go back to checking the temperatures of your gpu's or selling coins to pay your electric.
POS in general has still the problem of sybil attacks.
I'm not convinced POS is the future. At least not in it's current form.
There is still a lot of technical progress to be made before it can be seen as completly secure.
There is no doubt that the threat of sybil attacks in POS is true:
http://en.wikipedia.org/wiki/Sybil_attack Solutions may include stronger peer network and successful mechanisms to blacklist, secure identity system, etc. More on trust metrics:
http://en.wikipedia.org/wiki/Advogato#Trust_metricQora and our community are smart (as well as countless other POS devs and supportive community members) and continue to think of security options. Interesting points on DHT used for sybil attacks (know your enemy) -
http://www.cos.ufrj.br/~monnerat/papers/Monnerat_et_Amorim_D1HT_2006.pdfIf you don't like Qora - that is fine. But nobody really cares, honestly, they don't. If you must hear yourself talk take a garden hose and hold one end up to your ear and the other to your mouth, you'll find yourself in true bliss.
Hilarious! LOL
The whole current POS dilemma boils down to one point: Why did Satoshi leave BTC? Because he saw the project as failed. Multipools started to kill it. So now he is sitting somewhere and thinking on how the problem of Proof can be solves in a way that creates a system which is either ungameable or provides zero or negative incentive to even try.
POS is a nice system, but basically it failed already in all current implementations.
So the loop closes... how did Qora solve it? Did Qora solve it?
Hmm, interesting to consider ungameable or zero incentive scenarios to thwart gaming proof systems...any ideas how to improve? As such, we can't speak much to this as we don't quite know yet what's under qora's hood. The truth is that nothing is perfect...nothing. What's important is providing the most secure system as possible given the current POS parameters we are working with. There are defenses against sybil, they may have just not yet been implemented....
I think the most important at this point is strengthening our peer network....this is something we can doVery nice agran! Very nice indeed...thank you kind sir.
Version 8 is now available.
Consistent and steady pace to catch other cryptocurrencies!
