eMunie is still an enigma, thus no determinations can be made yet.
Is there a whitepaper available also is open sourced or is everything closed currently?
I'm here because I find different solutions interesting, so congrats for it.
Unfortunately Im spending much more time in development and testing than actually writing docs....I've got a few half finished that I really need to get to that explain the ledger, balance system, consensus, debit cards and more in detail, I just need the time to get around to it.
I did post a consensus primer a couple of weeks ago you can find at this thread
https://bitcointalk.org/index.php?topic=1159624.0Even that is a little out of date now and there are some things I need to revise within it.
Code is closed source while under development.
there is no way to predict which SN will get the next transaction as it is based on human behavior
Ahem. You need to prove mathematically and holistically that is a random process and not subject to game theory. That is essentially the fundamental problem with PoS, its entropy is bounded unlike PoW where the entropy is external.
Bitcoin's ledger is a state machine also
A very simplified state machine of the longest chain. The block solutions are nearly independent events which can be approximated by the Poisson distribution.
One exception is the selfish mining attack where in the longest chain rule is subjected to selfish hiding of the dominate hash power. Yet even this state machine is reasonably simple, just a few simple equations.
Whereas the state of your system is numerous agents and states. It is not yet clear to me this model can be modeled with some simplifying assumptions. Perhaps you can work with your academic researchers to see if they can.
Yet my design maintains the simple state machine of proof-of-work, while removing virtually all the bandwidth scaling restrictions. You say you can't do 100,000 transactions per second microtransactions. I can easily.
Indeed it appears his system needs to be modeled as a complex state machine.
You can't just make a claim out-of-context that an "honest" majority of the trust reputation will decide the winner of a double-spend. You have to model the state machine holistically before you can make any claim.
Proof-of-work eliminates that requirement because each new iteration of a block solution is
independent (trials, often simplistically modeled as a Poisson distribution) from the prior one (except to some small extent in selfish mining which is also easily modeled with a few equations). See the selfish-mining paper for the state machine and then imagine how complex the model for his design will be.
This is
independence is what I mean when I say the entropy of PoW is open (unbounded), while it is closed for PoS.[1]
Imagine this highly technical discussion comparing PoW and PoS can't happen in the Bitcoin Technical & Discussion forum, because the overlord Gregory Maxwell moves it to the Altcoin Discussion thread.