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RE: Tutorial - NEM Standalone Client on Linux(step by step guide with prerequisites)
Really don't see why people are so gung ho about POI. It is a sketchy at best consensus algorithm.
Nice write up tho
Really don't see why people are so gung ho about POI. It is a sketchy at best consensus algorithm.
Nice write up tho
actually not everyone talks about POI, now days people are all about either POW or POS, but POI is one the things that I am gung about in case of NEM, what can I say? I even love the logo ;)
thank you for your feedback @kyle.anderson, appreciate it
They sure have a good design and marketing team.
PoI is filled with game theoretical holes. Where do they get the concept of finality? How are they resistant to Sybil attack? One of those things that sounds good on paper but really is a dangerous solution.
those questions are beyond my knowledge, I think i need to do some searching and see how they will handle those threats...
Not saying there is not any money to be made - just don't have long term confidence in the consensus mechanism.
Can you provide an example of a blockchain that you have confidence in, consensus wise?
Casper is going to be really interesting. Ethereum will have a lot going for it provided everything goes to plan. Tendermint is more down my alley. I'm going to watch EOS with caution. Let's see what kinds of claims applications make about finality.
Out of curiosity, Other than bitcoin and ETH, what project(s) do you believe in?
Interested in tenderment and hyperledger. Monero has some things going for them but I think fluffy might run the train into the ground. I am no maximalist but ETH and BTC are where it is at right now.
thank you very much @kyle.anderson for your valuable comments