Post
Topic
Board Announcements (Altcoins)
Re: [NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread
by
Lucozade35
on 02/03/2014, 22:10:23 UTC

Exactly. Proof of Importance is NEM's best feature. PoI is what will set NEM apart from all other coins.

I'm sorry if I missed it but is there a link somewhere to how PoI works?  Is this actually a fully developed working thing, or just an idea at this point?  How is "hybrid PoS/PoI" different from NXT proof of stake?

I've read about it in the development plan, there is a few lines of description that is all, it is unclear how it will work or what behaviour it will drive. I await a more formal specification and formal review of the algorithm, like all good ideas there are intended consequences and unintended consequences...

If implemented as described, it will 'set NEM apart' but whether this is in a good way or not will be how the implementation is judged when it is seen out in the community - there is a lot of stealing of ideas so I'm not surprised there is little detail posted in order to prevent this - we will have to trust in the 'devs' and see what they finally decide on.

Yea, I agree, at this point it is about believing in the dev team.  It looks like devs are planning on putting in about 10-20hrs a week at the moment.  I hope this might change, especially if/when things start to take off.  I think these days you need to have a plan for ongoing, aggressive development.  You can't just release a coin and be done with it.
I agree we need constant development and a path forward, The community has mass and talent within. Active participation will enhance NEM > The launch is just the beginning.