MoonLite has no blockchain and was designed to exist on top of Mooncoin blockchain.
Exactly. That's why I wrote what I wrote. I'd say to fully separate MoonLite as a currency independent of Mooncoin, as it complicates things only. So one can use MoonWord on that and keep the original Mooncoin blockchain clear from that.
Why not to separate smart contracts from Ethereum not to complicate things?
And to leave only a pure Ethereum POS coin (with no smart contracts and other innovations), because people like the name and staking.
Yes the name (and the story) is the best asset, Mooncoin has. We should market it first and foremost. Remember, when you first came to Mooncoin and asked what are the key features, you agreed that Mooncoin has the same potential like Apple as a brand (one does not buy Apple-products, because they are technologically the best (they aren't) or because Apple has the most gimmicks (which it doesn't have). It's the name and the story - and one of the easiest usability, of course.
You know that Ethereum is a completely different beast and really cannot be compared to Mooncoin. It was conceived and constructed from the ground up to use smart contracts. In fact, it is its only unique selling point (besides from its programming language "Solidity", that is complicated and most crypto-experts agree, that it is better to use Stratis for these tasks, as Stratis builds on the widely used C#, and uses PoS, btw.). Smart contracts are its biggest problem, too. Why? Ethereum is assumed to fail by many experts, if it goes into full steam, since its blockchain will be pumped up with data, until it does not work anymore. There is a very good reason, why BTC, LTC etc, don't officially advertise adding any data to their blockchain, other than mere tx-data (it's possible to add some additional data just like with MoonWord, yes, but it is not published as a feature or marketing-gag by the other coins; as said, for a reason). The bloated blockchain just is why BTC has its current problems regarding tx-speed. And the economy just decided to run over the core-developers ...
A bloated blockchain is a severe problem for any coin, hence MoonWord is a problem, too.
As for PoS, I have not talked about another copy&pasted PoS, but have asked you (all) to help discuss this creatively.
We could, for example, use a PoS-system that gives a user of one wallet only one vote, regardless of how many coins are into it, they receive the number of coins according to their balance, but could not do a 51%-attack. This danger exists, by the way, any day with hashing, too, and more so as the hashing power is concentrated like today for scrypt-based coins. We could also use a CPU-only-mining-algo (maybe with a slider in the wallet-gui, that can adjust, how much of the CPU is used for mining, so that the computer keeps being usable for other things, if needed). But the most important thing is, that it has to be done quickly, as the problem with the blockchain exists for too long now and will not be solved with a bit more hashrate, as someone could hope. A stuck blockchain for more than 10 or 15 minutes for a coin that propagates 90 sec. block-time is simply unacceptable. Let alone 2-4 hours, like it is at the moment sometimes.
More ideas are more than welcome.
As for innovations: There are many coins that keep it simple and work very well. LTC is the best example. Simply works.
Or look at DigiByte. The key features (from their ann-thread):
- Security
- Speed
- Transaction-volume
- Total Supply
- Flexibility
- Marketability & Usability
Those are real benefits for users, even if that is nothing "innovative" in a cutting-edge-style. As you might remember - there was a similar roadmap for Mooncoin and MOON was even earlier on the market than DigiByte (first posting in their
ann-thread: January 10th, 2014; MOON: December 28th, 2013 - see:
https://bitcointalksearch.org/topic/annmoon-mooncoin-you-know-where-its-headed-kgw-exploit-fixed-432014-389403 ). Now compare the market share of DigiByte to Mooncoin. I cannot see any real benefit from SmartLikes and MoonWord. For the known reasons, that I have already explained. We need to do the right things first, really. And if one wants to be first and foremost with the newest and most innovative features (and with this the most risky, because they are not proven) one needs a 100% reliable, competent, quick, comprehensive and capable dev, that can manage any problems fast, with the highest possible attention to detail and very good communication skills. Barry, are you here?
