^^^^^^
very low PoS for ddos on the BNs? that is centralized though isn't it? with the master key and all
This network does not rely on a masterkey, there are no longer any central nodes as users now connect to each other pure p2p.
@ doesntmatter out of 100 miners , how many would have the same mind frame as you? Further as you have stated you are doing , you are using external miners which do not honour payout blocks, thereby depriving the network of the growth we are trying to foster. Please if there is any point of centralization, please , please point it out. Even the "spork" code that made others jittery has been filtered out. Noone is central as far as connectivity is concerned. As for other coins adding value, that could not be any clearer, they send to an address we own, we allocate them bcr and we sell what they sent us, and send the BTC to the multi-sig address.
I think you need to step back fro the "miner" mentality and look at this from a finance point of view. What does burning electricity add to BCR's or any coin's fundamental value? Can you explain to an everyday user of money , (i am talking 7 billion people) how "cryptography" and a lot of electricity/hot air gives value to something?
The reason gold was so popular as money, is that it has uses beyond value of measure...can you tell me a use for 0's and 1's made by burning a ton of electricity , other than the fact that they are a nearly definitive transfer of assumed value? Practical analysis by major finance minds still leaves Bitcoin looking as a security/commodity rather than as actual money and even then it's value is highly speculative because noone can actually say that it has a threshold value.
For the purposes of BTC, perhaps their model works. But for the purposes of BCR and our intended spectrum of services/utilities , i completely disagree with your views.