Re: NEM (XEM) Official Thread -100% Original Codebase - Over 70 Active Team Members
wtf delusion of grandeur have to do with it?
you're best reply is it isn't a big flaw because one particularly exchange at the point hasn't taken full advantage of the flaw, wow just wow
there's very much a serious flaw in NEM if exchanges stake. also movements in and out of xchanges give them an unfair network advantage.
so what the net benifit, purpose to NEM? to replace the greedy fiat banks with greedy network participants?
ffs revise your math before going live
you're best reply is it isn't a big flaw because one particularly exchange at the point hasn't taken full advantage of the flaw, wow just wow
there's very much a serious flaw in NEM if exchanges stake. also movements in and out of xchanges give them an unfair network advantage.
so what the net benifit, purpose to NEM? to replace the greedy fiat banks with greedy network participants?
ffs revise your math before going live
I think the biggest problem is people trusting so much exchanges.
If everyone leaves his coins at the exchange, no matter what algorithm we are using, the exchange will be the strongest player.
The solution is not changing the algorithm, it is developing a p2p exchange and educating people.
The problem is bigger than centralised exchanges - it's the fact that people dont have confidence that most cryptocoins will hold their value. For any currency to retain and grow in value, people need to hold on to it. Otherwise, it ends up like the Argentinian peso or Venezuelan bolivar - with or without p2p exchanges.