er
7 years ago in #crypto by bitcoinflood (79)
$7.04
- Past Payouts $7.04
- - Author $6.63
- - Curators $0.41
44 votes
- mangos: $2.20
- bitcoinflood: $1.00
- likeyou: $0.25
- alphacore: $0.22
- jjcali: $0.22
- meherin: $0.22
- bailame: $0.21
- cmichel: $0.20
- sagarthukral: $0.20
- jacks35: $0.19
- laurent: $0.19
- thewealthunit: $0.18
- nickfost: $0.17
- pilgrimlife: $0.17
- lpreap: $0.16
- artbunny: $0.16
- onlineprds: $0.16
- nityabusiness1: $0.16
- minnowsupport: $0.11
- newageinv: $0.10
- and 24 more
What are your thoughts on delegated proof of stake coins (DPOS) such as BTS, STEEM, and EOS? I think DPOS is a more decentralized and fairer consensus mechanism than traditional POS, since your stake dictates your voting power to elect block-producing nodes (miners) to secure the network. Because these nodes are voted in by stakeholders and rewarded by the network, they are highly incentivized to perform honorably and in the best interest of the network. Otherwise they will be voted out by us, the stakeholders.
Here's a great definition of DPOS from the Bitshares (BTS) Network: https://bitshares.org/technology/delegated-proof-of-stake-consensus/
Like many of these I feel like its a good idea in theory but in practice we can see that a number of the people here that are witnesses here on steemit are providing no real value and getting the largest rewards while others that provide lots of value struggle. This comes down to poor marketing methods for witnesses and I feel like they deserve to have their own page or section on steemit that provides truthful information on each of them so everyday users can understand and vote how they feel. It should almost be a weighted system as well where a revote each month is needed to keep the vote value at 100% otherwise it declines value wise over time.
You make some good points. I agree that the stale vote is an issue on Steemit. I believe EOS plans to fix that with a decaying vote strength, where you’d have to vote again every month or so to keep your vote relevant. Let it sit and it’s weight decreases.
I was also just reading about IPFS’s proposed gravity protocol consensus algorithm https://medium.com/@gravityprotocol/gravity-ipfs-off-chain-data-storage-ab44aba3faa4. It’s very similar to DPOS but is weighted on both time since last vote and usage frequency of the platform. I like it.
I have some pivx on stake united pool...
sweet that coin looks like its doing very well today its up! How are you liking the POS and what type or returns are you seeing if you would like to share
I have also been thinking about NEO as they also have a GAS token that is paid based on the stake you have in NEO. There are some concerns on how centralized NEO currently is but I think it has to do by their approach of being a compliant platform taking regulation into consideration. Also, as adoption increases the level of centralization should decrease as well. I have heard they have a good App pipeline from multiple developers building on its platform.
I did not know Reddcoin was PoS, though these DAPPS seem to be just as if not more profitable than any PoS coins, check out POTJ.
Guys, if you want to have a look and get some information in a good ICO that will start by the end of the month, I can suggest you RAWG.
The ICO site is this one: https://token.rawg.io/.
It's a video game discovery platform that converts your skills into goods and services.
You can earn tokens by playing your favorite games. The site is already working, with more than 50,000 games in the database and new games are getting added every day. This is the site: https://rawg.io/
Quite good looking, don't you think?
Have a look. I hope this information is helpful.
Very interesting your content, I'm following you now.
Congratulations! This post has been upvoted from the communal account, @minnowsupport, by Valor2S from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, someguy123, neoxian, followbtcnews, and netuoso. The goal is to help Steemit grow by supporting Minnows. Please find us at the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.
If you would like to delegate to the Minnow Support Project you can do so by clicking on the following links: 50SP, 100SP, 250SP, 500SP, 1000SP, 5000SP.
Be sure to leave at least 50SP undelegated on your account.
hello my friend u can give me support on my last post? thanks
Upvoted good luck Sean! :)
I too will have to buy POS coins just in case