Good news - I can say we do now have an interested developer that is willing to spend some time on this project.

Bad news - We cannot implement Reserve Share plans on POR because of lack of information on how the algorithm works. The only function we know is, users reserve their stake in the system for a certain period of time and receive an x amount of coins. Lack of information on other important issues such as securing nodes, block generation etc.

This is my opinion - We can start working on a basic POS wallet. Slowly we can add on the features we want to the software. The developer can make this happen without much work. But what determines who gets the tx fees? What would be considered "fair"?. We need to identify that before we can proceed. Nxt using Proof of Stake, Nem using Proof of Importance. Reserving share is equivalent to Stake in Nxt. Do we want to incorporate the inflation into this? This you guys need to let me know what is your opinion so we can move forward with the project. These are the details i need to speak to the developer before he officially gets involved with the project.

Let us know of your opinion. I think we can progress now. Those who wish to get into the project, get your tokens now in the Nxt AE. Those who wish to get out of the project, please dump your tokens.  


Edit: Kora, how does the Proof of Burn algorithm works?