Quote from: fuze0000 on February 21, 2016, 02:13:25 PM

Quote from: MalReynolds2 on February 21, 2016, 12:44:14 PM

Quote from: johny08 on February 21, 2016, 11:54:27 AM

POW is for the security and for building trust. there can NEVER be too much security, regarding money, as everyone will just take it, if he can. If you cant have mining power like BTC you should consider alternatives like DPOS. There is nothing better as POW, if security is the most important argument, and it should be, if you deal with money you cant make compromises.The second most important thing is distribution of coins. Definitly POW wins. Your DPOS advantages are like bibabo bullshit arguments, saying you dont know what you dealing with.

You are wrong.

Proof of Work (PoW) is not about security at all. It is about running a lottery so miners can compete to enrich themselves with new coins, and then go spend those coins to "inflate" the PoW economy. Any single one of the literally thousand million billion hashes done by Bitcoin PoW miners every ten minutes could "secure" the Bitcoin blockchain. Let me repeat that: from a "secure the blockchain" standpoint, ANY individual PoW hash will do. Instead, miners are competing among themselves to find a "special" hash with a certain number of leading zeros in the front. Such zeros are nothing more than a "lucky ticket" that selects a "winner" who gets 25 Bitcoins / $ 10,000 at current prices. This whole setup is no different than a bunch of guys throwing dice in a back alley - with mining rigs being the dice and the internet being the back alley.

Most Bitcoiners have no idea how insanely wasteful or unsustainable PoW is. It literally takes the electricity equivalent of a small nuclear powerplant to run all the tens of thousands of miners spread out of site around the world. That's not only totally unnecessary, it's nuts. And it has led to an "ASIC arms race" showing unsustainable exponential growth. See:

https://blockchain.info/charts/hash-rate?timespan=all&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address

All of the above is true for Ethereum as well. Ethereum tries to avoid the "computationally-expensive" ASIC-arms-race death spiral Bitcoin is in by instead using the "memory-expensive" Dagger hashing algorithm that runs better on graphics processing units (GPUs - "video cards") instead of ASIC mining rigs. However, the same insane death-spiral that is currently gripping Bitcoin lies ahead in Ethereum's future as well.

Lisk, based on the Proof of Stake (PoS) coin Crypti, has a blockchain that mathematically and cryptographically is just as secure as a PoW one like Bitcoin or Etherium. The only difference is that the first (and ONLY) security "hash" generated in a Lisk blocktime is accepted as the one which will be used for the next block, regardless of what digits it starts off with. This means Lisk has no need to generate an additional thousand million billion more hashes looking for an irrelevant string of zeros during a blocktime.

Lisk can thus use the cheapest possible computers ($35 Raspberry Pi or $9 CHIP like at http://getchip.com) instead of mining rigs costing thousands of dollars. Lisk can thus also have faster blocktimes - 10 seconds instead of Bitcoin's 10 minutes. And this system allows Lisk DPoS Delegates to cooperate instead of compete like Bitcoin miners. Such cooperation means there is no need for an ever larger army of miners with their unsustainable growth curve depicted above. A fixed number of 101 Delegates is all Lisk needs to operate its blockchain, and they only generate a block when it is their turn. That happens once every 17 minutes, like clockwork.

Bitcoin and Etherium are based on flawed economies of scale. They will eventually fail. They will seduce many people for a long time with the promise of riches, but they will still eventually fail.

I stand with Lisk.

Thanks for your post MalReynolds2!!!

Very interesting!!! I believe PoS is superior to PoW in the long run.

That is why I support LISK and SUPERCOIN!

PoS is truly decentralized. Ethereum and Bitcoin have been wonderful achievements in the tech world! The issue is longevity!

The face that all you need to know is Java will help tremendously which may lead to LISK one day becoming a 100 Billion US dollar market value!!!

Supercoin is more anonymous than Darkcoin and if you disagree then take a look at the whitepaper on the bitcointalk forum and/or the forum to view the github code to prove me wrong.

SUPERCOIN FORUM ----> https://bitcointalk.org/index.php?topic=1351548.0

Download Supercoin Whitepaper here -----> https://www.dropbox.com/s/bofuj6v1g00kirl/SuperSend_Trustless.pdf?dl=0

You don't have to download the whitepaper to view it.

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Maybe stop spamming your pointless reboot.