Quote from: makoto1337 on June 16, 2014, 05:28:57 AM

Quote from: MartiniBlanco on June 15, 2014, 08:48:45 AM

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

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.

I like the idea of NEM and POI.
Can someone explain to me the difference between POI and Reddcoins approach of POSV?
http://www.reddcoin.com/papers/PoSV.pdf

POSV is kind of interesting. It seems like it might be vulnerable to Sybil-style attacks, however.

POI is completely different, though Cheesy

I'm waiting impatiently alpha launch to see how it'll work!
Thank You, makoto!