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RE: Why Raiblocks Will End as a Pump & Dump
Not a problem, pretty awesome that you ran across this article via a google search! :)
Regarding #2 - there's been a lot of talk of "moving the decimal" to address that problem. Currently XRB (errr NANO I guess?) is using Mxrb, but could easily be changed to kxrb, which moves the decimal to the right by 3 places. In the current system:
1 Mxrb = 1 XRB = 1000 kxrb
But it could easily be changed so that:
1 Mxrb = 1000 XRB = 1000 kxrb
More info on the units themselves that are compatible with the blockchain can be found here:
https://github.com/clemahieu/raiblocks/wiki/Distribution,-Mining-and-Units
Now I understand it. This also applies to IOTA as well if I'm reading it correctly, right?
On a side note, I'm wondering what is your assessment on Blockstack? How is it different from EOS or can it even be considered a full-time competitor?
Their project sounds very legit and mesmerizing based on my initial impression, not to mention they have Edward Snowden on board.
Would love to hear your thoughts on this. Thanx!
Yup! Pretty much any blockchain can pull this trick off to some degree.
I haven't looked deeply into blockstack - but I do know they have some existing platforms that are pretty interesting and could be adapted to their own blockchain. I don't think it's as robust of a solution as something like EOS, but more focused sort of like Steem. Again, I've probably spent less than an hour reading about them, so I could be wrong ;)