Which Proof of Stake System is the Most Viable - page 8.

sumantso

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Quote from: ThePurplePlanet on June 01, 2014, 12:46:14 AM

All PoS coins are backed up misinformation, hiding facts and trolls.

Unlike bitcoin which clearly states all the attack vectors and problems on the wiki. I would prefer fiat than current PoS coins.

If you must choose one choose the one with most trolls and hype.

Just stating attack vectors without any solution is hardly useful. How would you solve the problem of Bitcoin being controlled by 10 or so miners?

sumantso

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Quote from: toast on May 31, 2014, 01:30:55 PM

Quote from: ChuckOne on May 31, 2014, 07:04:58 AM

Would somebody be so kind as to explain to me what the difference is between Transparent Forging and DPoS?

Very little difference. DPOS puts a hard cap on the amount of stake that can be delegated to an address, and you can also delegate your stake *against* an address.

IMO, the hard cap is very important which others doesn't seem to find a key feature. I would pick DPoS over Transparent Forging just because of that.

Wonder if it is at all possible to modify the Transparent Forging scheme to implement a limit.

ChuckOne

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☕ NXT-4BTE-8Y4K-CDS2-6TB82

Quote from: ThePurplePlanet on June 01, 2014, 06:07:01 AM

Quote from: ChuckOne on June 01, 2014, 06:02:32 AM

Feel free to start threads about attacks on Nxt.

Will you pay me?

You cry for attack vectors, provide some as everybody here does. Nobody will pay before of that. If they will find your contribution worthwhile, they will donate to you.

Btw. that is how the Nxt community grew strong.

ThePurplePlanet

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Quote from: ChuckOne on June 01, 2014, 06:02:32 AM

Feel free to start threads about attacks on Nxt.

Will you pay me?

ChuckOne

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Feel free to start threads about attacks on Nxt.

ThePurplePlanet

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Quote from: valarmg on June 01, 2014, 05:33:50 AM

Quote from: ThePurplePlanet on June 01, 2014, 12:46:14 AM

All PoS coins are backed up misinformation, hiding facts and trolls.

Unlike bitcoin which clearly states all the attack vectors and problems on the wiki. I would prefer fiat than current PoS coins.

If you must choose one choose the one with most trolls and hype.

For Nxt. Here you go: http://wiki.nxtcrypto.org/ Everything is out in the open. Code is all open source. Nothing is hidden. New developments are being worked on to improve how it works at a core level (economic clustering, transparent forging etc.).

This looks more like infomercial. No description of possible attack vectors at all like bitcoin does. NXT in particular has been all promoting but no honest discussion about the algo problems.

valarmg

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Quote from: ThePurplePlanet on June 01, 2014, 12:46:14 AM

All PoS coins are backed up misinformation, hiding facts and trolls.

Unlike bitcoin which clearly states all the attack vectors and problems on the wiki. I would prefer fiat than current PoS coins.

If you must choose one choose the one with most trolls and hype.

For Nxt. Here you go: http://wiki.nxtcrypto.org/ Everything is out in the open. Code is all open source. Nothing is hidden. New developments are being worked on to improve how it works at a core level (economic clustering, transparent forging etc.).

As the poster below me said, there's also lots of analysis of possible weaknesses about Peercoin on peercointalk as well, and lots of work towards fixing them.

The blackcoin dev is also working on strengthening that PoS algorithm.

cybnate26

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Observer

Quote from: ThePurplePlanet on June 01, 2014, 12:46:14 AM

All PoS coins are backed up misinformation, hiding facts and trolls.

Unlike bitcoin which clearly states all the attack vectors and problems on the wiki. I would prefer fiat than current PoS coins.

If you must choose one choose the one with most trolls and hype.

Not sure where you get your information from. There are multiple threads on peercointalk.org about attack vectors, weaknesses and potential solutions for Peercoin.
As other posters have mentioned the PoW threats Bitcoin and other PoW coins face may be more devastating for the value of the coin than the PoS threats which are already temporarily mitigated with checkpoints.

ThePurplePlanet

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All PoS coins are backed up misinformation, hiding facts and trolls.

Unlike bitcoin which clearly states all the attack vectors and problems on the wiki. I would prefer fiat than current PoS coins.

If you must choose one choose the one with most trolls and hype.

Derek492

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Mintcoin's implementation.

Extremely fast 2 minute transactions.

lg15x

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Of course, Peercoin has the best PoS technology. NXT learn a lot from Peercoin, even they use java, but the scenario is very important.

PoS is the innovation of Peercoin, that's the core value. For 2 years operating, Peercoin is very stable and make people believe it is worth of holding. NXT and DPOS still need time to prove their stability.

For NXT, I have to say, you buy then you raise the price for IPO holders. Big IPO holders raise up the price and spend lots of money to advertise NXT, they just want to find more to buy their NXT in high price from them.

Fair distribution of coins are very important, don't forget this is currency.

ChuckOne

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Quote from: toast on May 31, 2014, 01:30:55 PM

Quote from: ChuckOne on May 31, 2014, 07:04:58 AM

Would somebody be so kind as to explain to me what the difference is between Transparent Forging and DPoS?

Very little difference. DPOS puts a hard cap on the amount of stake that can be delegated to an address, and you can also delegate your stake *against* an address.

Hard cap will not help Sibyl attacks?

Interesting. What is this against supposed to accomplish? What happens if everybody delegates *against*.

Hyena

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Quote from: ChuckOne on May 31, 2014, 06:35:09 AM

Quote from: Eadeqa on May 31, 2014, 06:32:38 AM

Quote from: Hyena on May 31, 2014, 05:41:31 AM

I despise nextcoin because they say "this cannot be done".

WTF? Can anyone make sense of this nonsense?

Relax Eadeqa. Let him explain what he means.

I read this part of the OP's post:
when asked: "How would you solve problem with scam accusations according to "unfair" distribution NXT to 73 big stakeholders?", BCNext answered: "This problem can not be solved. Even if we had a million stakeholders the rest seven billion people would call this unfair. A world with the money can not be perfect".[1]

So that's their excuse for making a scam coin. This is why a PoW hybrid could be seen a more viable option. Alternatively I'd suggest making a PoS coin that makes use of PoB instead of PoW, having PoB stand for Proof of Burn and tied to some existing cool coin such as Bitcoin itself. So just about anyone could generate the stake by destroying some Bitcoins. Then there would never be a scam accusations yet the coin would be 100% PoS. God, I should make my own coin, I'm so smart with all these clever ideas Tongue

.

toast

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Quote from: ChuckOne on May 31, 2014, 07:04:58 AM

Would somebody be so kind as to explain to me what the difference is between Transparent Forging and DPoS?

Very little difference. DPOS puts a hard cap on the amount of stake that can be delegated to an address, and you can also delegate your stake *against* an address.

Damelon

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Would be nice if this was less of an advertising thread and more a discussion thread

The discussion was very interesting until people started writing oneliners about which coin was "best".

griffinriz

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Quote from: lalakies23 on May 31, 2014, 09:05:24 AM

Peercoin the best. All the other all clones.

You are so pathetic you are investing on NXT. It doesn't even have a decent website or a wallet.

if you don't know anything about NXT then better don't comment Wink

achimsmile

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Quote from: lalakies23 on May 31, 2014, 09:05:24 AM

Peercoin the best. All the other all clones.

You are so pathetic you are investing on NXT. It doesn't even have a decent website or a wallet.

http://nxt.org/
http://nxtra.org/nxt-wallet/

now back to topic please.

lalakies23

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Peercoin the best. All the other all clones.

You are so pathetic you are investing on NXT. It doesn't even have a decent website or a wallet.

ChuckOne

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Would somebody be so kind as to explain to me what the difference is between Transparent Forging and DPoS?

sumantso

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Quote from: DeathAndTaxes on May 29, 2014, 11:59:13 AM

Quote from: sumantso on May 29, 2014, 11:57:53 AM

Quote from: delulo on May 26, 2014, 07:58:38 PM

Quote from: sumantso on May 26, 2014, 11:49:12 AM

Quote from: toast on May 26, 2014, 10:53:10 AM

DPOS and NXT are practically identical, the only difference is which mechanism is used to pick block producers (both are essentially by stake-vote)

In NXT you can also form forging pools and may lead to Bitcoin style problems.

The forging pools with nxt equal the delegates in dpos. This is what makes them equal.

Not necessarily. The problem in Bitcoin pools is that they are not limited, and the same problem exists with pooled forging.

With DPoS, there is a limit to how much votes each can collect, and any delegate can not dominate; at least openly.

If GHASH split into 3 pools with the same combined hashing power but owned and operated by the same entity would that make Bitcoin more decentralized?

Difference is the limit is hardcoded in DPoS protocol. While the pools are free to get anything.

Topic: Which Proof of Stake System is the Most Viable - page 8. (Read 25752 times)