Quote from: Fuserleer on June 01, 2013, 12:31:59 AM

Quote from: xorxor on May 31, 2013, 11:37:30 PM

There are guys having tens of VPS's with 8 cores and VM capability, raping every new coin, or simply mining YAC.
VPS'es are easy and cheap to obtain. installing numerous VM's with a client's on every one of them is easy and fast.
there would be a monstrous fight for getting a bigger and bigger amount of clients and hatchers, sending EMU from one to another to make a lot of transactions and confirmations - and therefore the bigest posible percentage of new EMU creation. this means, NO ONE ELSE would get anything - just like trying to solomine BTC on cpu right now.

difference:
POW - waste a lot of energy

distributed trust - waste a lot of energy, bandwidth, transaction history data.

this is possible even when source will NOT be given, or system was perfect in other ways.

to be secure, it has to be ripple-like closed and centralised, and thats no crypto currency, thats company issued credit.

please tell me where am I wrong.

OK I've written a lot on this already, but I'll try and re-explain to clear up the confusion.

100 nodes in the system, 49 honest, 51 not.

2 are hatchers, 1 honest, 1 not. Both do equal transaction according to honest/dishonest nodes in the system (49% and 51% respectively) work for arguments sake.

Honest nodes vote honest hatcher to make an EMU
Honest hatcher creates EMU and distributes 39% to itself, and 41% to dishonest hatcher. Remaining 20% is distributed to non-hatcher nodes dependent on EMU holding.
Everyones happy.

Dishonest node votes yes to EMU create with dishonest clients.
Dishonest node creates EMU
Dishonest node gives all EMU to itself.

Honest nodes reject dishonest nodes EMU creation.
Dishonest node can't spend those EMU's in system.
Honest nodes happy again.
Dishonest node wasted effort.

EMU's HAVE to be distrubuted according to set of rules, which can be checked against the ledger by ANY node in the system. Thus, there's no point in dishonest nodes trying to create EMU's for themselves as they can not keep them, and if they do, the honest nodes reject them and they can never be spent.

You are trying to explain why the system cannot be cheated. Im not saying it can be, I sad : "even when source will NOT be given, or system was perfect in other ways."

Quote from: Fuserleer on June 01, 2013, 02:06:59 AM

(.....)

2) Real world cost, if some guy, wants to rent 1 million Amazon nodes and perform 99% of all the transaction work in the network, that's up to them. It's still work. Some miners have HUGE hashrates, and rake in a lot of BTC, but they have had a real world cost, so why shouldn't they get the reward for that? No one seems to have a problem with that model so why should it be different here?

thats exactly what I ment. So You agree?

POW : new currency generation is distributed to hashpower
1.people buy tons of unnecessary GPUs, build gigantic clusters of 10, 20 or even 100 Mhash . lots of resources is lost.
2. a lot of energy is wasted on POW.

effect = network is run by proffessional hashers. you WILL NOT get even 1usd worth of BTC by mining on normal computer for a year.

eMunie : new currency generation is distributed to transaction-verifying-power/luck
1. people buy/rent a lot of servers with VM and launch as many instances of hatchers as they can.
a lot of resources is lost, just more cpus mobos rams and drives and less gpus
2. a lot of energy is lost to run millions of unnecessary nodes

effect = network is run by proffessional hatchers. you WILL NOT get even 1usd worth of EMU by hatching on your computer for a year.

where is the difference? that are the advantages?

disclaimer:
Don't get me wrong, I LOVE the idea, thats new and refreshing. I'm NOT criticizing it. I'm simply very much interested in it and just want to understand it.

p.s. what about my P.M. ?