Post
Topic
Board Announcements (Altcoins)
Re: NEM (XEM) Official Thread -100% Original Codebase - Over 70 Team Members
by
yshin365new
on 17/04/2015, 23:44:42 UTC
Question for discussion:

Should exchanges be allowed to harvest?

You can't stop anyone from harvesting. Each account makes it's own decision
From what i know from some poloniex mods, their contract prohibits harvesting
If poloniex is NBZMQO7ZPBYNBDUR7F75MAKA2S3DHDCIFG775N3D then they are harvesting

It's their call no one can stop them. Although I must say I wouldn't do that...

If they really do, I hope they're doing it on some separate node, not on the node they use for getting information.
So exchanges are like banks then? Charge a fee to buy & sell and use the parked XEM for a high POI score so they can harvest blocks for the txs fees.

People hate banks for the profits they make off us but I guess it's ok for exchanges.

Well, this is a problem.
Many people send to Poloniex and increase her PoI. Already at 10%, no way to avoid this, ok?
it is possible attack the network with a significant amount of PoI?
POI is not in percent but in permyriad.
Their POI is not 10.12 percent but 10.12 permyriad.
And 10.12 permyriad = 0.1012 percent.