I got into crypto's late last year, but from my analysis i deemed bitcoin and PoW a bigger risk than anything else. Proof of Stake was a nice alternative but Nxt's launch and ipo was less than ideal. pos also poses its own problems, namely that of whales and hording.
this is why NEM intrigues me the most - the proof of importance (that i prefer to call proof of interest) if, comes to fruitition, will really cause a stir the crypto world needs. we need to encourage spending, not hording; POI is (so far) the best bet for this. this really CANNOT be understated and for the sake of NEMs longevity it would be good if we think of ways to enhance the POI method to better accomplish this.
The money needs to keep flowing and moving to make a currency viable. FIAT accomplishes it by printing that leads to inflation/deflation with all the associated dire risks.
I like the idea of NEM and POI.
Can someone explain to me the difference between POI and Reddcoins approach of POSV?
http://www.reddcoin.com/papers/PoSV.pdf
;DSo much fud here about NEM before launch...This project will live loooong and happy life.Here was many sock puppets,and some people made good money on this.
