Topic: What are must-have features of coins now? (Read 904 times)

50% of what people say is a feature is just a distribution method. Stupid.

The whole point of digital currencies rising is on the FUTURE HOPE that they will actually be used by a large amount of people in the real world.  

Do you really think distribution will matter at that point or mining efficiency?


Many coins have become detached from this reality and as there is no point to them 99% will crash to almost nothing.



The biggest decider will be user friendliness of the currency/wallet, uptake by the masses or an internal asset market so you can hold other assets and coins.

 

Please educate yourself on the matters before attempting to educate others.

PoW is by far superior to PoS and will always remain so, we computer scientists are currently trying to come up with an elegant algorithm that will capture all of our financial progress as humans for multiple millenia, much like our friend physicts are trying to find an algorithm, perhaps no longer than a single line that will unlock the secrets of the stars and galaxies.

Since we are not perfect by design once we reach a canditate and it is shown to be functional it is raised to a higher level much like the work regarding the Theory of Everything. How many times has PoW been modified? Zero, it has never been modified since the original Satoshi client. How many times has PoS been modified? Probably every other week, every time it is modified it is another failure, every time it is modified the cryptocurrency using it falls deeper into tyranny, how can you expect a healthy ecosystem when a bunch of tyrants can favor one business model over another rather than supporting all of them indiscriminately?

X13 favors governments and multinational corporations, if any of you have been following Snowden or reading up information on wikileaks you are probably aware of the efforts that take place to sabotage our cryptography. The more algorithms X13 consits of the larger the odds of one of them being compromised (which is safe to assume at 100% in this case), if even 1 of the algorithms is sabotaged it gives the saboteurs an enormous edge and the power to reverse transactions, double spend and do whatever they wish. Contrary to bcrypt most of the algorithms are untested by time, what would you bet your life savings on, a 3 year old algorithm or an algorithm which is 13 years old and based on functions more than 30 years old?

I don't know if I drew the parallels appropriately to convey my thoughts, I am not the biggest writer but more of a programmer.


Please read the wiki, all this information is present. Every node can choose to become a delegate by pledging a set % to the network much like he would in a PoS system. Since there isn't a single delegate available (which is to be expected in such a new network) the error is thrown.

It is getting pretty difficult messaging over Tor due to DDoS protection, I am always active on our forums where the anonymity of our users isn't compromised.

We are also looking into the bcrypt business and the GPU miners, please stay patient and remain sane, this is experimental software, we could start a new blockchain, you guys are driving the prices way up with your greed. There is enough wealth to go around for everyone to become a millionaire.

Best regards.

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