Topic: Is PoS dead? - page 13. (Read 17330 times)
pos/pow hybrid could be best.
Vitalik Buterin of Ethereum and winner of the Peter Thiel fellowship award ($100k) has an interesting blogpost where he discusses the merits of PoW versus PoS.
Check it out here, https://blog.ethereum.org/2014/07/05/stake/
He points out Daniel Larimer's TaPos as a promising alternative to PoW.
Daniel Larimer recently improved the idea and developed DPOS, illustrated above.
Check it out here, https://blog.ethereum.org/2014/07/05/stake/
He points out Daniel Larimer's TaPos as a promising alternative to PoW.
Daniel Larimer recently improved the idea and developed DPOS, illustrated above.
The whole anti-PoS argument = "it's not perfect"...
Well, it terms of "perfection" Bitcoin is laughable...
But in the Real World "good enough" is all that matters.
BlackCoin dev has released a white paper where he describes improvements to PoS: http://www.blackcoin.co/blackcoin-pos-protocol-v2-whitepaper.pdf
Apparently the v2 protocol will be implemented to BlackCoin as well.
They are still struggling with things we understood long time ago... Well, at least they finally got rid of those "coin-days". Apparently the v2 protocol will be implemented to BlackCoin as well.
BlackCoin dev has released a white paper where he describes improvements to PoS: http://www.blackcoin.co/blackcoin-pos-protocol-v2-whitepaper.pdf
Apparently the v2 protocol will be implemented to BlackCoin as well.
Apparently the v2 protocol will be implemented to BlackCoin as well.
Please, take a look at the lies that our hero friend Manfred is spreading over LTC forum:
Look like he is more comfortable there, where his lies are not so rapidly counterattacked.
In one word: Shameless.
Quote
Re: Is PoS dead?
« Reply #7 on: Today at 11:06:40 AM »
There is the same tread in BTCTalk, which basically is full of nxt trolls. NXT is a ticking time bomb. NXT will always be at the mercy of alias "BCNext". And the original 71 buy-in aliases just got some nxt depending on the proportion of bitcoins they sent.
https://bitcointalksearch.org/topic/ann-nxt-descendant-of-bitcoin-303898
As you can see here he received a total of 22 btc. Since it was capped to 1 bitcoin and the biggest amount of nxt received from the buy in is 50 000 000 nxt (top to accounts) it can easy be worked out how much the others got.
http://87.230.14.1/nxt/nxt.cgi?action=30&switch=1
What will never be know how many alias out of the original 71 accounts "BCNext" did create and sent to himself and his mates. You have to strongly assume that he and his friends have the majority of the coins.
The second post is already talking about police and the 3rd post got a quote where the original post is missing, hmm oozes confidence . It seems some posts have been deleted.
96% percent of the market it seems is in china (bter) https://coinmarketcap.com/volume.html#nxt
Crypto is all about trust, any bank is a 1000 times more trusting than "BCNext" and his friends, but greed is a bitch.
« Reply #7 on: Today at 11:06:40 AM »
There is the same tread in BTCTalk, which basically is full of nxt trolls. NXT is a ticking time bomb. NXT will always be at the mercy of alias "BCNext". And the original 71 buy-in aliases just got some nxt depending on the proportion of bitcoins they sent.
https://bitcointalksearch.org/topic/ann-nxt-descendant-of-bitcoin-303898
As you can see here he received a total of 22 btc. Since it was capped to 1 bitcoin and the biggest amount of nxt received from the buy in is 50 000 000 nxt (top to accounts) it can easy be worked out how much the others got.
http://87.230.14.1/nxt/nxt.cgi?action=30&switch=1
What will never be know how many alias out of the original 71 accounts "BCNext" did create and sent to himself and his mates. You have to strongly assume that he and his friends have the majority of the coins.
The second post is already talking about police and the 3rd post got a quote where the original post is missing, hmm oozes confidence . It seems some posts have been deleted.
96% percent of the market it seems is in china (bter) https://coinmarketcap.com/volume.html#nxt
Crypto is all about trust, any bank is a 1000 times more trusting than "BCNext" and his friends, but greed is a bitch.
Look like he is more comfortable there, where his lies are not so rapidly counterattacked.
In one word: Shameless.
Grazies, now lets talk about lies. Where is a lie? That Crypto is all about trust? Or is it the fact that it is unknow how many coins the BTCTalk alias "BCNext" and his friends and mates have. If you do know a credible link is very much appreciated. Patiently awaiting detailed info lets dig into it.
PoS is just a way for devs to get rich..premine is easy to hide with PoS
Please, take a look at the lies that our hero friend Manfred is spreading over LTC forum:
Look like he is more comfortable there, where his lies are not so rapidly counterattacked.
In one word: Shameless.
Quote
Re: Is PoS dead?
« Reply #7 on: Today at 11:06:40 AM »
There is the same tread in BTCTalk, which basically is full of nxt trolls. NXT is a ticking time bomb. NXT will always be at the mercy of alias "BCNext". And the original 71 buy-in aliases just got some nxt depending on the proportion of bitcoins they sent.
https://bitcointalksearch.org/topic/ann-nxt-descendant-of-bitcoin-303898
As you can see here he received a total of 22 btc. Since it was capped to 1 bitcoin and the biggest amount of nxt received from the buy in is 50 000 000 nxt (top to accounts) it can easy be worked out how much the others got.
http://87.230.14.1/nxt/nxt.cgi?action=30&switch=1
What will never be know how many alias out of the original 71 accounts "BCNext" did create and sent to himself and his mates. You have to strongly assume that he and his friends have the majority of the coins.
The second post is already about police and the 3rd post got a quote where the original post is missing, hmm oozes confidence . It seems some posts have been deleted.
96% percent of the market it seems is in china (bter) https://coinmarketcap.com/volume.html#nxt
Crypto is all about trust, any bank is a 1000 times more trusting than "BCNext" and his friends, but greed is a bitch.
« Reply #7 on: Today at 11:06:40 AM »
There is the same tread in BTCTalk, which basically is full of nxt trolls. NXT is a ticking time bomb. NXT will always be at the mercy of alias "BCNext". And the original 71 buy-in aliases just got some nxt depending on the proportion of bitcoins they sent.
https://bitcointalksearch.org/topic/ann-nxt-descendant-of-bitcoin-303898
As you can see here he received a total of 22 btc. Since it was capped to 1 bitcoin and the biggest amount of nxt received from the buy in is 50 000 000 nxt (top to accounts) it can easy be worked out how much the others got.
http://87.230.14.1/nxt/nxt.cgi?action=30&switch=1
What will never be know how many alias out of the original 71 accounts "BCNext" did create and sent to himself and his mates. You have to strongly assume that he and his friends have the majority of the coins.
The second post is already about police and the 3rd post got a quote where the original post is missing, hmm oozes confidence . It seems some posts have been deleted.
96% percent of the market it seems is in china (bter) https://coinmarketcap.com/volume.html#nxt
Crypto is all about trust, any bank is a 1000 times more trusting than "BCNext" and his friends, but greed is a bitch.
Look like he is more comfortable there, where his lies are not so rapidly counterattacked.
In one word: Shameless.
I put this thread on "watch", as it is too damn funny to read 
- PoS is so dead that Nxt is 3# on coinmarketcap
- The "nothing at stake" vulnerability so big, that no one managed to provide PROOF of a successful attack
- PoS is backed by nothing (I wonder what my PC runs on that forges PoS blocks)? Whereas PoW is backed by wasted energy...?
I should think of more PoS jokes
- PoS is so dead that Nxt is 3# on coinmarketcap
- The "nothing at stake" vulnerability so big, that no one managed to provide PROOF of a successful attack
- PoS is backed by nothing (I wonder what my PC runs on that forges PoS blocks)? Whereas PoW is backed by wasted energy...?
I should think of more PoS jokes
POS will be here for some more time.
But its becoming old fashioned now a days after so many coins adopting it.
But its becoming old fashioned now a days after so many coins adopting it.
Only coins with strong innovative core team will survive no matter is POS or POW coin or POT POB POI.
POW - coin with all sea POS won't get interest because of dumping it by centralized minig.
Allso market movers can move POW coin much easier into down trend because supply of new POW coins.
POS coins works more like companies.
51% atack on POS hurts mostly 51% owner so he damage himself in that operation
and he is losing hist POS price so there is something to lose at the end.
To holding some crypto wealth into alts i would chose POS coin definitely more than POW
i hold some rare POW to but POS for me is much more perspective than POW
POS to expand need to develop and be active while POW just wait on increasing price and i observe that trend last time.
1st pure POS NXT distribution was disappointment just look at volume today...
but next attempt like BC pow mining then pure POS was more successful in therms of market higher volume than NXT almost all time
while NXT is 6x-5x more expensive so it should have 5x-6x more volume at the end.
I looking forward what NEM/NODE will bring is like NXT but with much better initial distribution.1000-4000 users at beginning not 72 like NXT IPO...
Lets see what future will bring.
Allso market movers can move POW coin much easier into down trend because supply of new POW coins.
POS coins works more like companies.
51% atack on POS hurts mostly 51% owner so he damage himself in that operation
and he is losing hist POS price so there is something to lose at the end.
To holding some crypto wealth into alts i would chose POS coin definitely more than POW
i hold some rare POW to but POS for me is much more perspective than POW
POS to expand need to develop and be active while POW just wait on increasing price and i observe that trend last time.
1st pure POS NXT distribution was disappointment just look at volume today...
but next attempt like BC pow mining then pure POS was more successful in therms of market higher volume than NXT almost all time
while NXT is 6x-5x more expensive so it should have 5x-6x more volume at the end.
I looking forward what NEM/NODE will bring is like NXT but with much better initial distribution.1000-4000 users at beginning not 72 like NXT IPO...
Lets see what future will bring.
POS will be here for some more time.
But its becoming old fashioned now a days after so many coins adopting it.
But its becoming old fashioned now a days after so many coins adopting it.
how is POW backed other than by invested money?
Energy? If you are not mining by energy coming from you heart chakra, than you are paying for bills, and that is all POW is backed by, money you spend on it.
POS is also backed by money. It is just more efficient and smarter. POS just leave out the bullshit and goes straight to the point.
Nothing to die from.
Energy? If you are not mining by energy coming from you heart chakra, than you are paying for bills, and that is all POW is backed by, money you spend on it.
POS is also backed by money. It is just more efficient and smarter. POS just leave out the bullshit and goes straight to the point.
Nothing to die from.
PoS has Nothing at Stake. There's nothing backing it...
Crypto is *base money* dorkota.
Base money isn't "backed" by definition
pow has nothing at stake, you can mining as many merged coins as you want.
the energy consumed isn't stake its an energy drag.
substitution of mantra for thermodynamics doesn't cut it.
all actions require energy including POS, including the acquisition of pos, but it just does not suffer the drag of pow.
the energy consumed isn't stake its an energy drag.
substitution of mantra for thermodynamics doesn't cut it.
all actions require energy including POS, including the acquisition of pos, but it just does not suffer the drag of pow.
It's so dead it keeps releasing new features like clockwork:
https://bitcointalksearch.org/topic/m.7585611
https://bitcointalksearch.org/topic/m.7585611
POS is actually more secure than POW.
It's false.
It is a widely spread belief that crypto-currencies implementing a proof of stake transaction validation system are less vulnerable to a 51% attack than crypto-currencies implementing a proof of work transaction validation system. In this article, we show that it is not the case and that, in fact, if the attacker’s motivation is large enough (and this is common knowledge), he will succeed in his attack at no cost.
http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2393940
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