Post
Topic
Board Announcements (Altcoins)
Re: [NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread
by
utopianfuture
on 23/04/2014, 14:31:15 UTC

It has been done before. I think NXT has a multipool allthough I'm not sure it's already operational.

AFAIK UP came up with the idea initially so he should be on board. No idea what the rest of the devs think.

i think he means has a multipool been launched for a pos coin before the coin itself has actually launched.. could be wrong though.. by the way the nxt pool is officially launching soon and coming out of beta with 10% bonus for all miners a day!

I would personally support NEM multi pool since as I understand it would give miners automatous access to NEM without paying for NEM directly via an an exchange. That is a valuable service to NEM making it accessible to everyone with different tastes since I think some people are  averse to the idea of buying a cypto directly.

Green marketing ploy started with Peercoin people and continued by Nxt people but never actually caught on. imho, the issue should be rephrased better under the term of network efficiency. NEM network is more efficient than Bitcoin because it takes less power to maintain and still have the same level of security. The efficiency gain comes from utilizing POS/ POI foraging algorithm instead POW algorithm which consumes much more power at the same time gives rise to a computational arm-race whenever bitcoin price is increasing. So we can say the "green" aspect comes from the algorithm each network utilizes not really related to the method how an individual choose to obtain the coin.

I am interested in hearing other opinions but I would think a multi-pool could be considered an useful part of NEM ecosystem as much as an exchange is. But I agree with what someone said before that the multi pool idea will be less and less potent when more people are adopting it.

Anyway: just a reminder to all that stake-complaint thread will still be open until Friday to all refunding complaints (one week from the last update when the list was published). After Friday all refunding without a complaint would be final and we can move on to consolidate the final stakeholder list further and start to invite people in the waiting list to be in. Thanks.