Topic: Have you looked at PoSP, the original staking algorithm of CBX? - page 2. (Read 1333 times)
Block rewards should be an incentive for work provided. This is what encourages network security and processing of transactions. Traditional PoS that rewards for inactivity is illogical. PoSP is fair and encourages decentralization by leveling the playing field far better than any other algo.
@kiklo,
As far as I know, PoS also favourites the whales. I found out about PoSP probably a week ago and I'm currently researching it.
As far as I know, PoS also favourites the whales. I found out about PoSP probably a week ago and I'm currently researching it.
FYI:
Also CBX has less than 1 million coins, it will never receive the Benefit of being used for Global trade, there are just not enough coins for worldwide usage.
CBX will have to find a Niche market to thrive.
I agree, this is why we are migrating towards a brand new system of currencies, the Quintessence system, where CBX will remain the rare and precious investment part of that system.
https://bitcointalksearch.org/topic/spk-quintessence-neighborhood-project-canceled-reimbursement-underway-1600250
CBX will have its niche there...
Spark will be the other token, there will be an estimated 1 billion Sparks, so SPK will be the tool, the token that will be fueling plenty of usage.
Looks like CBX team is trying to pump CBX by having it fund an ICO for a project called Quintessence with a 2nd coin called Sparks.
https://bitcointalksearch.org/topic/spk-quintessence-neighborhood-project-canceled-reimbursement-underway-1600250
$156,000 pump in the past 12 hours.
Enjoy the Pump, everyone else there is always a dump later , so be careful.
ZEIT is currently 15% annually until Jan. 2017 when it drops to 5% yearly.
15% of the whole money offer of Zeit is very high inflation while with CBX the whole money offer grows ONLY 2% while you can make 8%
Also with standard PoS the problem is people can connect 1x per month and get the whole inflation. So security has to be maintained by nodes kept by Devs. With CBX, staking is very decentralized.
Its very decentralized because many different people connect their Vaults to the CBX network.
LOL,
ZEIT is 15% for only 1 year, in Jan it drops to 5% annually forever.
So inflation issue will be gone in January.
Yes People can connect once a month and get their interest, but we are a Monolith of a coin with ~35 Billion coins so there is always plenty to stake.
Our coins are only eligible to stake every 20 days, which means the whales can not monopolize the staking process for their benefit like in a PoSP with extremely low time before staking.
CBX network currently has 28 people connected, ZEIT network has 29 people currently connected.
So there is no major difference in # of users between the two.
The only real difference, is with ours you can better calculate your exact rewards and can support or not support the network , it is the user choice.
If yours gets popular and you get an increase in users, your rate will drop, meaning all those expecting 12% will be a little upset, when they only receive 2%.
FYI:
Also CBX has less than 1 million coins, it will never receive the Benefit of being used for Global trade, there are just not enough coins for worldwide usage.
CBX will have to find a Niche market to thrive.
ZEIT is currently 15% annually until Jan. 2017 when it drops to 5% yearly.
With PoSP, you can make more than the stated interest of 2% ,
Hey earning 15% in a coin that is growing by 15% (which is too much) is not at all the same thing as earning 8% in a coin that is growing by 2%!
With CBX you are earning real staking interest, with ZEIT you are just keeping up with everybody else.
ZEIT is currently 15% annually until Jan. 2017 when it drops to 5% yearly.
15% of the whole money offer of Zeit is very high inflation while with CBX the whole money offer grows ONLY 2% while you can make 8%
Also with standard PoS the problem is people can connect 1x per month and get the whole inflation. So security has to be maintained by nodes kept by Devs. With CBX, staking is very decentralized.
Its very decentralized because many different people connect their Vaults to the CBX network.
I know it can be annoying to leave the CBX Vault open at all times; but can you guys tell me if there could be any better staking out there?
ZEIT is currently 15% annually until Jan. 2017 when it drops to 5% yearly.
With PoSP, you can make more than the stated interest of 2% ,
but a variable rate that requires continuous connection,
1. Is a pain.
2. May not be possible for some countries with intermittent internet or electricity usage.
3. Standard PoS coins , don't require it , so they receive more of my interest.
With Standard PoS coins you decide do you want to support the network on your terms, where PoSP requires you support the coin on the Dev's terms.
Also PoSP will favor the whales , standard PoS will be fairer to all of its users.
FYI:
Also with CBX Staking eligibility after only 1 hour , definitely a coin favoring Whales
The traditional financial markets, and the interest rates have not given any real significant gains to investors since year 2001, taking inflation under account.
CBX's PoSP has 2% inflation for the money offer of the coin, but rewards are around 8-10% because of how the system works.
I know it can be annoying to leave the CBX Vault open at all times; but can you guys tell me if there could be any better staking out there?
I don't see any. Seriously.CBX price is very low when you factor in this staking advantage; I think it's time people discover it.
Main CBX English thread is here: https://bitcointalksearch.org/topic/bullion-cbx-the-digital-precious-metal-2019-roadmap-published-951753
CBX's PoSP has 2% inflation for the money offer of the coin, but rewards are around 8-10% because of how the system works.
I know it can be annoying to leave the CBX Vault open at all times; but can you guys tell me if there could be any better staking out there?
I don't see any. Seriously.CBX price is very low when you factor in this staking advantage; I think it's time people discover it.
Main CBX English thread is here: https://bitcointalksearch.org/topic/bullion-cbx-the-digital-precious-metal-2019-roadmap-published-951753
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