Quote from: kodtycoon on October 05, 2014, 12:10:48 AM

Quote from: bobbyb on October 05, 2014, 12:01:54 AM

Quote from: kodtycoon on October 04, 2014, 11:45:23 PM

Quote from: bobbyb on October 04, 2014, 11:31:08 PM

Quote from: kodtycoon on October 04, 2014, 11:29:36 PM

ppc is probably the worst of the lot. Wink

Why?

it uses a different pos algorithm to that of the likes of nxt, which is also different to that of the likes of blackcoin. in peercoin, as far as i know they use checkpoints created by developers which is effectively the devs enforcing nodes to only download the version of the blockchain that is deemed to be "the correct chain". by rights, in a decentralized system it should be the nodes that decide, without human intervention of any kind, which chain is the correct one through consensus rather than devs enforcing this with checkpoints. i admit i havnt researched peercoin enough so i may be wrong on certain points but that is my understanding of peercoin however that is enough information for me to know that ppc will never surpass bitcoin. other pos systems dont use this version of pos and also dont have these types of checkpoints. they do have checkpoints(some only temporarily) but they are not centrally controlled as is the case with peercoin.

also a slightly better version of bitcoin would never be enough to supplant bitcoin. it needs to be vastly improved upon before it will be surpassed and overcome bitcoins (more powerful than many think) network effect.

if i am wrong, please supply some form of explanation as to how i am wrong. if i am id be interested to read how it actually works, its been a long time since i read up on it so perhaps things could have changed since then.

I dont trust nxt.
The centralised checkpoints in PPC are an issue, I fully agree with that, but as far I know, Sunny King is working on an other solution.
I like PPC because:
-Its the first PoS implementation, the devs knew what they are doing
-There was no IPO, the coins were PoW mined (they still are)
-This is a long therm project
-Low PoS inflation of 1%
-I think that Sunny King is extremely stilled/smart

why dont you trust nxt? and there is nothing illegitimate about an ipo, its necessary for distribution seeing as pure pos coins are required to release all coins from the genisis block. the better method is to do what nem did and it has worked out fantastically.

they have been working on a solution to the issue for over a year correct? doesnt seem like they are getting very far.

i dont doubt their abilities. but their are certainly other very intelligent people in the pos space. its unwise to over look any crypto other than straight clones. hence why i research every new, modified and written from scratch coin i can find and then judge them against the most likely one to overtake bitcoin. its worked out seriously profitable so far so its obviously a good method of finding investments.

I dindt really done any research on NXT. I only know, that it is JAVA based and fully PoS.
I dont like fully premined PoS coins, because you cant really tell what happens to the coins.
With initial PoW mining you can check how every single coin has been created.
I of course know, that every NXT was mined with the genesis block, but the inital distribution is kinda untrustworthy (for me).
Also: What happens with the BTC that the NXT developer has gotten from the IPO?

bobbyb

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