I spent time reading the posts on the other forum and frankly, the system seems way more complicated and difficult to explain to newcomers than what is currently in place, and more prone to mistakes...
As an example, I can see people "tithing" and wondering why they have not been paid for days, or why they are only getting X amount, etc. Why did I send X amount to the foundation when I only wanted to send Y amount. Can I get it back? The wallet stole my BBP by sending my money to this address...etc.
I think addressing and answering these questions in a satisfactory way will be difficult.
Difficult doesn't mean not worthwhile. I would like to give it a chance. ..
Well I was just comparing it to PODC as this is what was the reason for replacing it.
Fair point, I think we can get it to a point where it's clearer, but it is a good challenge to see if we can explain it prior to people seeing it.
I'm just getting troubled with the actual value proposition of the new algorithm to be honest.
Was it meant as a way to make mining easier?
I don't think it does that and would even say that it would be more troublesome to support and help people having questions about it. If I want to, I can easily mine just fine by just doing heat mining?
Was it to have more coins directed to the foundation? This seems to be an issue with the value of the coin itself. Putting a bigger bucket to fix a leak is only a temporary solution.
The only thing it seems to add is having "pool mining" built in the coin but for what purpose? I don't need to do pool mining with PODC to get something (that is more or less predictable) and setting up Purepool for heat mining seems simple enough?
Maybe you can help me understand what the value proposition for this new algorithm is?