Ninjastic
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Board Announcements (Altcoins)
Re: [NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread
by
Thingamajig
on 09/06/2014, 02:01:26 UTC
Quote from: makoto1337 on June 09, 2014, 01:52:52 AM
Quote from: TaunSew on June 08, 2014, 02:58:18 AM
Quote from: mana6 on June 08, 2014, 02:41:48 AM
why the coin is so expensive?

Your answer can be found on the first page.

- Fair distribution (call for participation) with 3000 stakeholders
- Proof of intent (distinct form proof of work and proof of stake)
- Large, skilled, development team.  Gimre and Jagaur were contributors to NxT.  The other developers had roles in other successful coins.



POI = Proof-of-Importance (not intent; this is not mineable)

I've heard proof of Interest mentioned before. I must admit, i prefer Proof Of Interest over Proof Of Importance. Seems to fit the community spirit NEM is trying to cultivate. Even moreso when you consider it's egalitarian principles -- "Importance" kinda doesn't fit that message, yet anyone who invests more time and energy (Interest) in supporting the infrastructure (and said principles), deserves to be rewarded.

So, in a nutshell, i think it should be referred to as Proof of Interest, not Importance Wink


Which reminds me, i need to read up more about how to run nodes as it is something i will be happy to participate in once the ball (coin) gets rolling.