Re: [NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread
So am I the only one who has associated the acronym POS with something other than proof of stake for decades???
No. And I thought the whole point of strong crypto was to make it impossible to forge blocks.
Point being that if NEM truly is marketing to the myriad of girlfriends, toddlers, and dogs that make up a large portion of the stakeholders, might try to not use acronyms the rest of the world uses for something different.
This would garner a laugh but no serious attention from most of the US population that saw it.
POS works like "No Envy Movement". Without being knowledgable about altcoin world, no one has any clue what the "envy" relates to.
In the same regard, the use of POS usually stands for piece of s***. This is what will pop out in many American's head who sees it outside altcoin context. At least it will be more common than "proof of stake".
We have been considering moving away from a pure-POS forging mechanism and creating a hybrid POS/proof-of-network (PON) forging scheme that will better reward the people running NEM nodes since each node adds value and redundancy to the NEM network.