Post
Topic
Board Announcements (Altcoins)
Re: BiblePay✟CPU✟Governance✟Help Orphans✟PODC Cancer Mining✟Deflationary✟Masternodes
by
bible_pay
on 02/12/2018, 15:47:13 UTC
Frankly, I am not even sure why these polls exist. Are we going to have a new poll as long as the result is not what is expected?

Rob was concerned PoG v1 had some holes specifically with the ability to game the donation scheme so you can get the biggest percent of payments by running hundreds of BiblePay QT wallets.  PoG v2 has some of those issues addressed by utilizing concepts from an altcoin called Lynx (getlynx.io) via their HPoW (Hybrid Proof of Work) which uses some clever tricks to equitably distribute mining rewards using code and data from the blockchain.

I'm in support of PoG v2 with the caveat that it replace Proof of Work (BiblePay calls it Proof of Bible Hash PoBH) as a test. I think PoG v2 can be viable, but just need to test the waters slowly. It can also replace PoDC, but needs more support before we think about removing PoDC.

Correct, except the POG v2 addl features didn't come from Lynx.  The single coin spend (minimum age, minimum amount, and max_tithe_amount) came from the idea of adding a POG_Difficulty_algorithm, which is an original idea.  Really the credit can be given to classic POS.  I was trying to avoid POS schemes in POG v1, until we realized that we needed a tithe_cap and a tithe_exploit protection mechanism then it was clear we had to have at least a UTXO spec in the proposal.  

I read something about coin-age so I thought you took some concepts from Lynx's Hybrid Proof of Work (HPoW). So, PoG (Proof of Giving) is tied to classic PoS with some tweaks for donations?  Hope you consider replacing PoBH with PoG v2. I will support that approach.


No, PoG is an original idea (not born from POS) with an internal pool (I believe that is a first) and share weight/rewards based on tithe levels to the foundation (which is also original).  It would use coin_age which is an *element* of POS to limit giving - but it is not based on proof-of-stake.   Lynx didn't influence it as we already have proof-of-stake in BiblePay (for our proof of concept for POL).  I mentioned my thoughts on Lynx right after you posted it (and I thought you read it and replied).  (On a side note I mentioned in the wiki that POG2 differs from POS in the sense that it seeks a single coin so that the smallest wallets can mine, in contrast to POS where the richest are rewarded commensurately - as I feel its important in this easy adoption scenario to attempt to spread the rewards out to every newbie by tithe amount in the pool).


Just to be clear, I don't intend to create a proposal for POG to replace POBH as POG2 was born out of simplifying our infrastructure for easy adoption.

So please if anyone is pushing for POG to replace POBH only, vote against it.