Post
Topic
Board Altcoin Discussion
Re: [ion] Poll for name of AnonyMint's upcoming coin?
by
coins101
on 25/10/2015, 14:16:21 UTC
....

Sergio is refining my proof-of-storage concept from 2013. But I don't think proving you are full node is important in my design. Everyone seems to view this as important for eliminating the centralization of pools, but there are no pools in my design because in my design proof-of-work is not profitable (but it is economic). I am going to reveal the unperceived dualism in some of the concepts of crypto-currency.
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You're underestimating the importance of proving a full nodes' existence.

The utility of money is built around confidence. Almost everything else that drives adoption revolves around features and ease of use.

I assume that you are thinking that the proven number of full nodes being a metric of the decentralization strength of the network and the confidence in the network.

This is entirely proven in my design but nothing like what Sergio was proposing because his basis has no basis in my design as I exchange some concepts to their dual.
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Yes...and, more; e.g:

Quote
Sybil attack to change ledger entries - No risk, completely destructive

Description: A Sybil attack is a person creating a lot of nodes on the network, possibly thousands on a single machine, in order to get a disproportionate vote on networks where each node gets an equal vote.

https://bitcointalk.org/index.php?topic=1219264.msg12775946#msg12775946