Post
Topic
Board Altcoin Discussion
Re: [neㄘcash, ᨇcash, net⚷eys, or viᖚes?] Name AnonyMint's vapor coin?
by
Crestington
on 06/12/2015, 12:37:50 UTC
...

Geez, and all I thought was that NOTHING was happening in Cryptostan while I was gone.  Guess I have a LOT of reading to catch up on.

Pleased to see you moving ahead, TPTB.  With what I just saw (India & Nepal) and what I have read (NSA & FBI had ZIP on the two Paki murderers in California), I would line to see BOTH orthogonality of fungibility and and anonymity (both) in you coin.



I think ideally you would want to have high quality smart contracts, speed of less than 1 second transaction times, high anonymity and if possible derived from a type of Proof of Stake. I think Bitshares delegate Proof of Stake is a bit of a hindrance when it comes to adoption because everyone wants to be on the receiving end of Staking so you get more people who would want to buy traditional Proof of Stake over Delegate Proof of Stake. The problem with traditional Proof of Stake is that ongoing funding becomes a problem so you have a bit of a catch 22. When it comes to buy/sell pressure from pricing I do not like Proof of Work because it's cost intensive and weighs on price far more than in a Proof of Stake system since you have outside influences that do not have the psychological price barrier of entry so they sell at any price that is profitable, then holders sell into the downward spiral.

Inflation (or even deflation if a type of POB) model, Fees, and ongoing funding is going to be as crucial, if not more so than the anonymity and throughput you seek.

I did read your paper on the DDOS protection, a little over my head but a good read nonetheless.