Quote from: FrictionlessCoin on January 21, 2014, 11:55:03 AM

Quote from: notsoshifty on January 21, 2014, 11:48:32 AM

Quote from: FrictionlessCoin on January 21, 2014, 11:35:06 AM

Quote from: notsoshifty on January 21, 2014, 11:21:38 AM

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?

It is like proof of stake implementations, so your clients need to be online to be able to gain the 5% or the 25%.

Great. Can't wait to see it in action.