Re: [ANN][DRK] Darkcoin | First Anonymous Coin | Inventor of X11, DGW and Darksend | Instant TX
The ideas I see amount to forming a private cartel for the dozen or so vocal members of the community, fundamentally changing the way a coin works to the detriment of the general user and betraying the philosophical principals of crypto in general.
And I see a bunch of people, who should be ashamed of themselves, agreeing with it.
And I see a bunch of people, who should be ashamed of themselves, agreeing with it.
I agree with you.
Proof of Work is not just waste of energy, it is also the Proof that transactions really happened.
I always assumed that Darkcoin was going to make the public ledger into an anonymous ledger (not readable by outsiders), but certainly not to make it totally disappear?!?. That would be disastrous.
If we only had masternodes, and no POW, I am not sure that the integrity of who owns which coins can be guaranteed AT ALL.
As I keep saying, you don't need 100GH worth of GPU's to maintain a simple blockchain with a few transactions per minute, or even a few thousand.
Nobody is talking about doing away with the blockchain, we're debating (or at least I am
) whether the contribution of miners is really worth 4X more than the contribution of Masternodes to Darkcoin. I don't think it is.