Quote from: conbos on March 02, 2014, 08:00:06 PM

Quote from: chanc3r on March 02, 2014, 07:39:01 PM

Quote from: komije5363 on March 02, 2014, 07:27:08 PM

I think POS better than POW.

PoW is bad for the environment and as soon as you launch even if its asic resistant the botnets move in and rape mine until the difficulty rises so mere mortals with home computers and laptops lose out.

If you want to do something good for the world - copy what ripple has done which I think it quite smart - put part of NEM 10,20,25% I don't know up for World Computer Grid stuff over a period of time e.g. 6-12 months.

People download the computer grid stuff, join team NEM and let the research projects around the world use their PCs for research computations that benefit us all. We read the team stats (which they can't fake) off the computing grid team stats page and award NEM every 24hrs as a result.

Its much more in line with the sense I have of the 'New Economic Movement'. My desktop at home is earning ripple when I'm not using it, has been since december, probably makes 60 xrp a day - I'm not covering the electric costs probably or making huge money and for the Ripple alone I wouldn't do it but I like the idea of helping the research projects too i.e. doing something good with the spare PC capacity.

You could market it as well ....

And because there isn't a 'pure' profit you don't get the botnets and the other professional miners moving in with their high end kit.

It has been discussed elsewhere but it is important t to mention here again. PoW has a big problem when mining power is concentrated.

We are not talking about bitcoin like mining that is used to secure network for ever. We are talking about 2 month mining period that is used to distribute coins to mining community outside of stakeholders and people who read this forum. Mining period will end and Nem will be 100% POS like Nxt.