Quote from: sottymax on June 15, 2014, 08:44:57 AM

Quote from: Thingamajig on June 15, 2014, 08:33:10 AM

Quote from: patmast3r on June 15, 2014, 08:10:37 AM

Quote from: zsuhsl on June 15, 2014, 08:03:32 AM

Why I just sold 50% of my bitcoins: GHash.IO

http://www.reddit.com/r/Bitcoin/comments/281ftd/why_i_just_sold_50_of_my_bitcoins_ghashio/

And this is only one reason why bitcoin needs to be replaced.

yup. i got into crypto's late last year, but from my analysis i deemed bitcoin and PoW a bigger risk than anything else. Proof of Stake was a nice alternative but Nxt's launch and ipo was less than ideal. pos also poses its own problems, namely that of whales and hording.

this is why NEM intrigues me the most - the proof of importance (that i prefer to call proof of interest) if, comes to fruitition, will really cause a stir the crypto world needs. we need to encourage spending, not hording; POI is (so far) the best bet for this. this really CANNOT be understated and for the sake of NEMs longevity it would be good if we think of ways to enhance the POI method to better accomplish this.

The money needs to keep flowing and moving to make a currency viable. FIAT accomplishes it by printing that leads to inflation/deflation with all the associated dire risks.

PoI is definitely a way forward. Does NEM have transparent forging?

Does anyone have transparent forging?

TF = DDoS nodes and destroy the network.