Re: [NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread
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
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.
dont talk to much shit, it is and called all the time "Proof of Importance" , and it is infact a real good choice to call it like that. So dont come on with your fantasy choice. Proof of Impotance sounds it is important and infact it is the best choice to explain the mechanism of NEM.
Sorry, i didn't know you felt so strongly on the issue.
I'm not too concerned either way, just stating what i thought was obvious -- it's hardly a fantasy, more of an observation.
Also, you're one letter off calling it Proof of Impotence there, we don't want that.
Didn't catch that the first read. Proof of impotence, indeed! Far superior to import -- certainly to stake, which certainly wouldn't be impotent in the least. Lol!