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Topic: POS coins poll and information - page 8. (Read 14208 times)

sr. member
Activity: 630
Merit: 253
May 09, 2016, 09:59:45 AM
#75
Can you launch a coin purely POS with ICO?


Are you interested in starting a coin?
hero member
Activity: 656
Merit: 500
Buy a gun!
May 09, 2016, 09:55:27 AM
#74
Can you launch a coin purely POS with ICO?

Yes, that is how most do it.
newbie
Activity: 51
Merit: 0
May 09, 2016, 05:27:12 AM
#73
Can you launch a coin purely POS with ICO?
newbie
Activity: 5
Merit: 0
May 09, 2016, 05:04:15 AM
#72
TEK coin seems to be the winner of POS coins.
legendary
Activity: 1092
Merit: 1000
May 08, 2016, 09:22:59 PM
#71
   So basically the Nothing At Stake Problem , is really just a Stupid Myth.
    Because staking on the online fork makes it impossible , for your Same coins to create enough difficulty on an offline fork concurrently to matter,
    As the online fork will always have it's difficulty plus your own if you mine both concurrently.   Smiley

Although I agree that the Nothing @ Stake problem is highlighted, above all, by "Bitcoin hardliners", I would not ignore it.

There has been a lot of research about the topic:

https://www.reddit.com/r/NXT/comments/2sewhu/nothing_at_stake_attack_researched_and_deemed_not/
https://blog.ethereum.org/2014/11/25/proof-stake-learned-love-weak-subjectivity/

All PoS coins are actually working, but most PoS coins do not have the market cap that would incentive a malicious attacker to try a real attack. There is also actually no easy possibility to short-sell large amounts of PoS coins, and short-selling is one of the key components of the most dangerous of all N@S attack types (it coinsists to lend a large amount of coins (about 1-5% of the coin supply), attack it via N@S and buy it back at much lower prices).

Facts are that PoS is still far from perfect, it must be continuously improved to harden it against this class of attacks. NXT is for the moment the best-protected (as far as I know), and I hope that Peercoin can soon improve its algorithm to get rid of the centralized checkpoints that are still protecting it.

The Nothing at Stake , is a pretend problem , as it is not an actual problem which is why the concurrent staking is literally nothing to worry about as it was just PR to try and keep people from buying PoS coins.

The Only real thing to watch out for is called a History Rewrite, where someone leaves their coin offline and tries to stakes a longer chain with a higher difficulty.
(Economically this is stupid as you just spent million of Dollars to try and harm a coin, not really bright at all, and worse due to the below means you just wasted your money.)
Even a History Rewrite is not a big deal, as checkpoints can block it or a large # of coins staking can stop it ,
and even if the worse case happen, just replace the corrupted blockchain with a correct blockchain and issue a checkpoint to protect it.

So you see it just the PoW's Boogie Man trying to scare people from moving to PoS.  Smiley

No Worries.  Cheesy

 Cool


FYI:  Why the Short Selling is just more PoW BS.

https://bitcointalksearch.org/topic/m.14602558
Quote
You Have to Fund Your Margin Account which holds Collateral used to Secure Loans used in Margin Trading.
Meaning if you don't have the Collateral ,you can not even attempt a short sell.
Odds are your attempts at short selling will make you lose your Collateral.

Quote
What Is a Forced Liquidation?
A forced liquidation is when all or part of your positions are closed automatically to prevent further loss and ensure you do not default on your loans. Forced liquidations are executed using one or more market orders; as such, order book liquidity at the time of these orders will affect the extent of the losses you incur from the liquidation. Forced liquidations occur when your Current Margin dips below your Maintenance Margin. It is strongly advised that you check the markets and your open positions regularly, mitigating your risk as necessary by reducing the size of your positions or transferring additional collateral into your margin account. Markets can change very quickly, and no guarantee can be made that you will receive a Margin Call warning in time for you to prevent a forced liquidation.

Quote
Hey guys,
Just have an interesting case study of my trading experience on Poloniex last week.  I traded on Poloniex's margin trading platform and was margin called on June 15th 17:15 when the prices went from .000029 BTC per BTS to .000014 BTC per BTS back to .000028 BTC per BTS in a ten minute span. (Down 50% in less than 10 minutes!) I didn't realize the liquidity was so low on Poloniex, but it's interesting to know what can happen.  I lost a chunk of money.
I think someone or some bot just ran down the book on all the buy orders and got the price really low to trigger all the margin calls and bought back at low prices, but not sure of the exact mechanics.

The following Info upset the BTC Shrill that was running that forum so much , he locked it , so it could not be bumped to the top of the queue where more people could see it.  Cheesy


FYI2:
What is interesting is how the BTC community completely ignores the fact that China now owns 66% of the Mining power, which means they can 51% attack BTC whenever they feel like it.
https://blockchain.info/pools


legendary
Activity: 3906
Merit: 6249
Decentralization Maximalist
May 08, 2016, 12:54:24 PM
#70
   So basically the Nothing At Stake Problem , is really just a Stupid Myth.
    Because staking on the online fork makes it impossible , for your Same coins to create enough difficulty on an offline fork concurrently to matter,
    As the online fork will always have it's difficulty plus your own if you mine both concurrently.   Smiley

Although I agree that the Nothing @ Stake problem is highlighted, above all, by "Bitcoin hardliners", I would not ignore it.

There has been a lot of research about the topic:

https://www.reddit.com/r/NXT/comments/2sewhu/nothing_at_stake_attack_researched_and_deemed_not/
https://blog.ethereum.org/2014/11/25/proof-stake-learned-love-weak-subjectivity/

All PoS coins are actually working, but most PoS coins do not have the market cap that would incentive a malicious attacker to try a real attack. There is also actually no easy possibility to short-sell large amounts of PoS coins, and short-selling is one of the key components of the most dangerous of all N@S attack types (it coinsists to lend a large amount of coins (about 1-5% of the coin supply), attack it via N@S and buy it back at much lower prices).

Facts are that PoS is still far from perfect, it must be continuously improved to harden it against this class of attacks. NXT is for the moment the best-protected (as far as I know), and I hope that Peercoin can soon improve its algorithm to get rid of the centralized checkpoints that are still protecting it.
newbie
Activity: 33
Merit: 0
May 08, 2016, 11:25:38 AM
#69
There my statistic and experience
http://letitbebitco.in/en - update daily. Tons of statistics.
hero member
Activity: 966
Merit: 513
May 08, 2016, 11:24:59 AM
#68
I rather like CBX and have been a holder since early 2014, back when it was cryptogenic bullion. The things I dislike about it are that it's painfully slow and has changed entirely too often.

I'm right this moment re-downloading the CBX chain after upgrading to 2.3.3 because I was apparently on the wrong blockchain(1.2.0.5) when I transmitted some coins to cryptopia. I'm too busy to be constantly checking multiple threads here to find out if there's been another hard fork prior to transmitting coins. CBX needs to stop re-inventing itself all the time, not everyone keeps up with all the forks.

Also low starting supply increases the value of the few coins out there, but does nothing to boost liquidity. I prefer the unique way in which Zeitcoin was launched with a hybrid pow/pos and then just pos with a rapidly falling rate of inflation(25/20/15/5).

Well, I guess the change is for the better now that some programs are being worked at and they're marketing it now as well.

I certainly hope so. I'd like to see CBX succeed without needing to re-invent itself again...again. In case anyone cares, I finally got re-synced with the latest CBX fork and my coins are fine. Love a happy ending. Grin
hero member
Activity: 728
Merit: 500
May 08, 2016, 11:18:05 AM
#67
I rather like CBX and have been a holder since early 2014, back when it was cryptogenic bullion. The things I dislike about it are that it's painfully slow and has changed entirely too often.

I'm right this moment re-downloading the CBX chain after upgrading to 2.3.3 because I was apparently on the wrong blockchain(1.2.0.5) when I transmitted some coins to cryptopia. I'm too busy to be constantly checking multiple threads here to find out if there's been another hard fork prior to transmitting coins. CBX needs to stop re-inventing itself all the time, not everyone keeps up with all the forks.

Also low starting supply increases the value of the few coins out there, but does nothing to boost liquidity. I prefer the unique way in which Zeitcoin was launched with a hybrid pow/pos and then just pos with a rapidly falling rate of inflation(25/20/15/5).

Well, I guess the change is for the better now that some programs are being worked at and they're marketing it now as well.
sr. member
Activity: 336
Merit: 250
May 08, 2016, 10:52:57 AM
#66
For me bitshares is the most promising POS coin, along with blackcoin those 2 are the only coins i hold at the moment. I do expect a new come to be even better, since both coins are quite old and had a little innovation.
hero member
Activity: 966
Merit: 513
May 08, 2016, 10:35:59 AM
#65
I rather like CBX and have been a holder since early 2014, back when it was cryptogenic bullion. The things I dislike about it are that it's painfully slow and has changed entirely too often.

I'm right this moment re-downloading the CBX chain after upgrading to 2.3.3 because I was apparently on the wrong blockchain(1.2.0.5) when I transmitted some coins to cryptopia. I'm too busy to be constantly checking multiple threads here to find out if there's been another hard fork prior to transmitting coins. CBX needs to stop re-inventing itself all the time, not everyone keeps up with all the forks.

Also low starting supply increases the value of the few coins out there, but does nothing to boost liquidity. I prefer the unique way in which Zeitcoin was launched with a hybrid pow/pos and then just pos with a rapidly falling rate of inflation(25/20/15/5).
hero member
Activity: 728
Merit: 500
May 08, 2016, 09:42:33 AM
#64
All of the old skool high ongoing inflation rate coins(TeK, HBN, PHS) have all collapsed in value, particularly since cryptsy went away. Meanwhile Zeitcoin has seen nice stable & steady growth due to its staggered inflation rate which drops from 15% to only 5% next year. Just what's needed for a mainstream digital currency. Don't take my word for it, see for yourself.

http://coinmarketcap.com/currencies/zeitcoin/#charts

 

While CBX only has 2% inflation rate and a minimal number of coins to start with.
hero member
Activity: 966
Merit: 513
May 08, 2016, 09:36:44 AM
#63
All of the old skool high ongoing inflation rate coins(TeK, HBN, PHS) have all collapsed in value, particularly since cryptsy went away. Meanwhile Zeitcoin has seen nice stable & steady growth due to its staggered inflation rate which drops from 15% to only 5% next year. Just what's needed for a mainstream digital currency. Don't take my word for it, see for yourself.

http://coinmarketcap.com/currencies/zeitcoin/#charts

 
legendary
Activity: 2044
Merit: 1030
I'm looking for free spin.
May 08, 2016, 09:01:10 AM
#62
CBX GBT swagbucks.. this 3 only that i know can stake some you mention in the poll i didnt know them.. and i thin they are another shit coins..
full member
Activity: 223
Merit: 100
Deep - Deeper - DeepOnion!
May 08, 2016, 07:59:58 AM
#61
I would seem CBX get a lot of chat, but TEK gets the votes. TEK has been around for a long time and stakes very well.

Price historically has been decent. (at least until Crapsy crashed...) Now TEK is having a hard time fining a real exchange to list them.  Cryptopia listed TEK, but is not a super well known exchange, YoBits listed TEK, but are now on the wrong fork and is not responding to support tickets.

Keep an eye on TEK. Once they find a home, this proven coin should be a mover.
hero member
Activity: 728
Merit: 500
May 08, 2016, 04:10:56 AM
#60
My vote goes to CBX as well but it's not on the list.
PoSP - better than PoS
Less than a million in supply
Low inflation rate
Plus.. several projects on the way.

Added CBX and sprouts. what is PoSP?

Voted CBX!

Here is a link to the PoSP white paper - it's impressive, genius in design

And unlike other altcoins, projects are already ongoing that will increase demand and usability to the coin.
hero member
Activity: 1792
Merit: 536
Leading Crypto Sports Betting & Casino Platform
May 08, 2016, 02:41:30 AM
#59
Neva & Bern

Neva and Bern added. thank you
sr. member
Activity: 434
Merit: 250
★YoBit.Net★ 350+ Coins Exchange & Dice
May 08, 2016, 02:19:07 AM
#58
Voted for CBX as well. Been staking CBX for months now and I'm just waiting for the projects to be launched.
hero member
Activity: 994
Merit: 500
May 08, 2016, 01:56:11 AM
#57
Neva & Bern
hero member
Activity: 1792
Merit: 536
Leading Crypto Sports Betting & Casino Platform
May 08, 2016, 01:42:37 AM
#56
You should add Influx (INFX) to this list. INFX has 2 days min age, 8% annual rate, PoW/PoS, runs beautifully on Raspberry Pi. Also all of the services that are available for the coin, such as VPS and web hosting, payment gateway, and multipool. Influx also has distributed coin storage on the NXT blockchain using superINFX.(https://www.youtube.com/watch?v=BBIT_B1W_pw) and decentralized trading capability on the NXT Asset Exchange. (https://www.youtube.com/watch?v=8azumPNG8DI). More to come, AutoSwap (decentralized ShapeShift for Influx) being published tomorrow.

Added INFX thanks.
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