Post
Topic
Board Announcements (Altcoins)
Re: [ANN] NEX :: descendant of NXT - Imagine Fairness!
by
notsoshifty
on 21/01/2014, 11:48:32 UTC
Very interesting proposal. Do we get our bonus LV1 coins only when we're forging, or does the network give us them even when we're not forging? Or is there no forging going on at all?


The best way to think about this is to make the analogy between banks and enterprises.

Actually,  I should rename the LV1 and LV2 coin,    "NEX Bank Coin" and "NEX Enterprise Coin" .

With the NEX Bank Coin you get 5% interest. You never lose your principal.

With NEX Enterprise Coin you consume NEX Bank Coin but in the process you stand to gain 25% of what you gain.

It is actually a quite excellent and simple system.

The new names are nice.

So there's no forging (or equivalent of forging) going on now? Does anyone need to run clients at all to forge, or only when we want to buy or sell NEX?