Quote from: patmast3r on February 06, 2014, 07:21:05 PM

PON = Proof Of Network. As I understand it it's basically you provide infrastructure for the network i.e. running a node and get something in return. The more you support the network the greater the likelyhood of you getting some coins.

Since I can't find any other ressource I'm gessing jaguar came up with it himself ?

Yes. I came up with it

.

Quote from: ZeroTheGreat on February 06, 2014, 10:02:24 PM

Quote from: Xpedite on February 06, 2014, 07:59:15 PM

Let's assume 100% PON. So anyone can just install a client, setup a node and start forging even without initial stake/investment.
Why would you hold on to your stake if there is no difference in the gain.

It's not about forger's profit. It's about secure system. In Nxt u need coins to generate block, more coins = more chances. It makes front-attack expensive: attacker'll need biggest part of coins to write buggy chain that still'd be most diff. one (all honest chains'll be forks in this case).

If u replace PoS with PoN in start, low amount of nodes'll make network extremly vulnerable. I'm not sure even with later replacement, cos node-based attack always'll be cheaper than $/bruteforce-based attack (buy coins to generate buggy chain or crack Curve to do the same or to kill project). Should we sacriface attack cost gap for "fairness" (equal node-based forging)? I'm almost sure, that correct answer is "NO".

Even with PON, a small stake will be required for forging, so that should mitigate some concern.