Topic: XEM's 'Proof of Importance' is Pagerank Fused With Proof-of-Stake - page 2. (Read 1627 times)
I don't understand the technical characteristics of this coin at all, but there's something murky about their website and how quickly it wants to "get you started" after the brief "explanation" (consisting of a whole new set of bulleted buzzwords) and there's something about the whole thing that runs counter to idea of a "good investment/store of value"...
> Public pagerank algorithm
> Totally ungameable
http://cointelegraph.com/news/proof-of-importance-nem-is-going-to-add-reputations-to-the-blockchain
Makoto continues by saying:
“This algorithm gives a pretty good approximation for the graph-theoretic importance of a node in the transaction graph.”
>“This algorithm gives a pretty good approximation for the graph-theoretic importance of a node in the transaction graph.”
> pretty good approximation for the graph-theoretic importance of a node
> pretty good approximation
Thats because its pagerank. And theres a reason that pagerank was closed source and constantly modified to keep up with people trying to game it, before it was eventually deprecated.
Nice job fleecing people with zero tech education. I guarantee someone bought up the majority of the float at or below 18 satoshi apiece, and the only reason the price is so high is because of the locked up majority. GG XEM, stay classy. Enjoy your pump, suckers.
Discuss.
> Totally ungameable
http://cointelegraph.com/news/proof-of-importance-nem-is-going-to-add-reputations-to-the-blockchain
Makoto continues by saying:
“This algorithm gives a pretty good approximation for the graph-theoretic importance of a node in the transaction graph.”
>“This algorithm gives a pretty good approximation for the graph-theoretic importance of a node in the transaction graph.”
> pretty good approximation for the graph-theoretic importance of a node
> pretty good approximation
Thats because its pagerank. And theres a reason that pagerank was closed source and constantly modified to keep up with people trying to game it, before it was eventually deprecated.
Nice job fleecing people with zero tech education. I guarantee someone bought up the majority of the float at or below 18 satoshi apiece, and the only reason the price is so high is because of the locked up majority. GG XEM, stay classy. Enjoy your pump, suckers.
Discuss.
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