Because we are learning from our past that pure POBH on CPUs didn't work by itself, remember? Remember the botnets and the upgrade problems? CPU mining has an element of greed in it because it is easily replicatable across nodes, and therefore it ends up rewarding the botnet who spent the most on electricity.
Thats the whole point of POG addressing this- POG rewards those who tithe the most by adding them in the pool with tithe_weight.
I don't understand rest of the paragraph - it would need expanded to contain critical details to be evaluated without those it's not valuable.
I said an algorithm that isn't based on hash power. So, any BiblePay node automatically solo mines with a blank biblepay.conf file using very little CPU (1 thread at 1% CPU) w/ an equitable distribution across all the nodes. 90% to miner and 10% tithe to Orphan Foundation.
The 19% number sounds a little off to me.
http://fortune.com/2017/11/25/lost-bitcoins/I've ready that figure stated but typically with % BTC is believed to be lost (because those BTC addresses have not moved around in a long time).
The 19% per year sounds wrong to me to.
In terms of voting, SmartCash has masternodes, but their voting system works based on your coin balance. If you have 500 SmartCash, you get 500 votes for a particular proposal. I don't know if masternodes can vote or not, but if they can... it does allow more people to vote even those without 1.55M for a masternode. https://vote.smartcash.cc/
You are saying "an algorithm not based on hashpower"; thats POG. Forgive me if Im missing something, but it sounds like you are saying this:
"If ABCcoin had the miraculous, its price would go up".
Right, this is already known. Thats why I'm thinking POG would have a bright potential.
(The algorithms in prod over all coins are known; so another words I don't see what you mean by an algorithm not based on hashpower).
"19% sounds wrong" - thanks - this is roughly an average for unpopular altcoins - not for bitcoin.