PoW= Mining
PoS= Forging
PoI= Foraging
or
PoI= Guarding
NXT chose to use the word forging in the metallurgical sense, unfortunately the general public views it with a criminal connotation.
I like the idea of having a new name for POI, but from a marketing perspective foraging is not much better.
I looked-up foraging in Merriam-Webster and several other dictionaries.
Definition of Forage.
1: Food for animals especially when taken by browsing or grazing. Grasses and other plants that are eaten by animals (such as cows).
2: Search for provisions. To wander in search of forage or food, browse, graze, pasture, rustle.
Agriculture and animal husbandry? Does this sound like NEM?
Foraging has a lot of associations and many are negative:
browsing, collecting, combing, eat, explore, feed, ferret, fodder, gathering, graze, harvesting, hunt, looking for, nibble, nose around, peeking,
peering, pilfer, plunder, probing, prying, raid, ransack, ravage, rifling, root about, rummage around, rummaging, scavenge, scouring, scrounge,
searching, seeking, sifting.
"I am mining bitcoin." or "I mine bitcoin." or "We are mining bitcoin." Sounds fine.
"I am forging NXT." or "I forge NXT." or "We are forging NXT." Sounds like we are coping NXT illegally.
"I am foraging NEM." or I forage NEM." or "We are foraging NEM." Makes us sound like we are cows foraging in the pasture.
"I am guarding NEM." or I guard NEM." or "We are guarding NEM." Sounds slightly better.
Foraging implies searching and collecting.
If you are a forager for NEM you are randomly, willy-nilly searching and collecting NEM.
A guard protects and gets paid.
If you are a guard for NEM you are protecting the NEM network and can get compensated with the transaction fee.
NEM soldiers guarding the NEM network.
Also the pronunciation of foraging is too silmilar to forging, some people will find it confusing when they hear it.
The forging mechanism in NEM needs to have it's own term for PoI. Guarding is a better description, but we need to think more about this and
come up with the perfect name.
sorry patmast3r, I did notice the "typo" and thought it was a joke or typo. I like reading your posts, it's just my logomisia.
Interesting post - I dont understand the obsession with using a physical activity verb-form which has no physical representation at all...
Why not accept that what a node will be doing is validating a NEM transaction, drop the fiction of some hard to relate physical activity
Words that could be used (mundane) I agree...
Validate - Validater - Validating - Validation
Ratify - Ratifier - Ratifying - Ratification
Affirm - Affirmer - Affirming - Affirmation
Confirm - Confirmer - Confirming - Confirmation