Post
Topic
Board Bounties (Altcoins)
Re: [BOUNTY] 🔥🔥WINNER-GETS-ALL / PROOF-OF-TRANSACTION CONSENSUS DEBATE BOUNTY!🔥🔥
by
lodyman
on 29/09/2018, 11:27:37 UTC
Although the current system isn't flawless and have room for some manipulations with TX spam and mass addresses owners .. all that can be fixed if a number of TAUs will be locked for a certain amount of blocks for each new address and for each created TX  "not forever as XRP as that's called theft Grin "and will still allow painless micro-payments .
Also the harvest power should be automatically decreased if the node isn't always online or under-performing . 

that was an issue in the consensus ., and the potential resolution that could potentially prevent spamming of addresses or at-least decrease it by 90% 
   
Let's say we have a greedy club leader having 25% of all signals and total number of addresses that can provide signals are 400k addresses ,
100k Signal TXs / 100k club member ., so if they have 25% of all network votes the rewards will be payed to the club members automatically and equally so that will make the rewards almost equal to another club which owns 1% of signals and having 1% of the rewards .
 

and that was mathematical model to appose akosipepot's claims ..



If mining only gets the tx fee and the tx fee was worth 0.1 TAU with average of 50k tx per day that will sum to 5k tau
which means if there is 5k miners each one will take 1 TAU a day would that be a great incentive in a 10bln coin
on 100X of number of TX which is near the current daily cap and 10X number of miners it will still sum to 10 TAUs a day
 


this was also a mathematical model for fee distribution and incentives which is also a major part of the consensus

 




BS : it won't make any of us look cooler if we started name calling which isn't civilizedat all .
 Name calling is easy
you seem to be not able to read my responses just like how akosipepots didn't read the ongoing white-paper  .
i wonder if 2=1 ?
..
if you are out of the game why are you still talking ?! maybe you are akosipepots or akosipepots's friend as the Confirmation bias is obvious here
https://en.wikipedia.org/wiki/Confirmation_bias

but i don't like name calling so let's not dive into that  Wink