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socket
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July 16, 2014, 06:27:00 PM |
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I'm just interested to know how PoSA is actually going to work on a technical level.
My guess is there is some kind of proof of burn involved with leveraging PoS rewards to divert the burned coins to it's destination.
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eatenbyagrue
Newbie
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Activity: 56
Merit: 0
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July 16, 2014, 06:30:39 PM |
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I'm just interested to know how PoSA is actually going to work on a technical level.
My guess is there is some kind of proof of burn involved with leveraging PoS rewards to divert the burned coins to it's destination.
This worries me the most. Something like this has to be pretty hard to get right, and there is no peer review right now. Now I am not selling my cloak, but I am not adding any more until I feel more comfortable. Just cannot go in too deep without knowing more. |
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socket
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July 16, 2014, 06:34:20 PM |
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I'm just interested to know how PoSA is actually going to work on a technical level.
My guess is there is some kind of proof of burn involved with leveraging PoS rewards to divert the burned coins to it's destination.
This worries me the most. Something like this has to be pretty hard to get right, and there is no peer review right now. Well, if I'm correct in my guess, the hard part is just hacking up the PoS protocol to support it. Which is likely why they're taking their time to get it right. The best part of this kind of scheme is so long as the implementation is good and there is no successful 51% attack it should "just work".. I **think**. But, I'm far from an expert and likely not considering everything. |
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darkproton
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July 16, 2014, 06:43:15 PM |
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I'm just interested to know how PoSA is actually going to work on a technical level.
My guess is there is some kind of proof of burn involved with leveraging PoS rewards to divert the burned coins to it's destination.
This worries me the most. Something like this has to be pretty hard to get right, and there is no peer review right now. Now I am not selling my cloak, but I am not adding any more until I feel more comfortable. Just cannot go in too deep without knowing more. I understand your concern, however, a peer review wouldn't be too hard to secure. Cloak is still a young coin. I like how they have been handling themselves. Very open to the community. Irc channel fully stocked. Like a boss. Cloak boss  |
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socket
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July 16, 2014, 06:48:10 PM |
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I'm just spit-balling. Whatever it is they're expending a huge effort to get it working. That gives me plenty of hope it'll be worth the wait.
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eatenbyagrue
Newbie
Offline
Activity: 56
Merit: 0
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July 16, 2014, 06:48:52 PM |
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I'm just interested to know how PoSA is actually going to work on a technical level.
My guess is there is some kind of proof of burn involved with leveraging PoS rewards to divert the burned coins to it's destination.
This worries me the most. Something like this has to be pretty hard to get right, and there is no peer review right now. Now I am not selling my cloak, but I am not adding any more until I feel more comfortable. Just cannot go in too deep without knowing more. I understand your concern, however, a peer review wouldn't be too hard to secure. Cloak is still a young coin. I like how they have been handling themselves. Very open to the community. Irc channel fully stocked. Like a boss. Cloak boss I agree, and that is why I am still on board! |
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bitcad4u
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July 16, 2014, 06:56:39 PM |
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cloak coin about to have a fruit explosion in my mouth
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darkproton
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July 16, 2014, 07:13:32 PM |
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cloak coin about to have a fruit explosion in my mouth
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thcmakaveli
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July 16, 2014, 07:43:03 PM |
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DarkProton I saw you gave 600 cloak to Machivelli... what a good man. Shows how strong the cloak community is
I appreciate his donation ! He helped me partly to get my feet back on the ground ! |
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Tyreal
Newbie
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Activity: 42
Merit: 0
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July 16, 2014, 07:47:53 PM |
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DarkProton I saw you gave 600 cloak to Machivelli... what a good man. Shows how strong the cloak community is
Good god! That's a LOT of Cloak! He donated more than i have on bittrex! |
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batty634
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July 16, 2014, 07:57:52 PM |
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DarkProton I saw you gave 600 cloak to Machivelli... what a good man. Shows how strong the cloak community is
Good god! That's a LOT of Cloak! He donated more than i have let me edit that for me, generous gent indeed |
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Splatters
Legendary
Offline
Activity: 1232
Merit: 1000
★YoBit.Net★ 1400+ Coins Exchange
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July 16, 2014, 07:58:41 PM |
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so guys when the POSA will be launched? thanks I'm looking forward to see it out!  |
I know why your pray will never be answered!
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thcmakaveli
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July 16, 2014, 08:02:19 PM |
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so guys when the POSA will be launched? thanks I'm looking forward to see it out! I would say very soon  |
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bitcad4u
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July 16, 2014, 08:19:51 PM |
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so guys when the POSA will be launched? thanks I'm looking forward to see it out! I would say very soon look at the buying on bittrex and mintpal today..something is up for sure.. |
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youngmike
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July 16, 2014, 08:24:23 PM |
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zim zala bim MintPal fake 5000 sell wall disappeared
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Splatters
Legendary
Offline
Activity: 1232
Merit: 1000
★YoBit.Net★ 1400+ Coins Exchange
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July 16, 2014, 08:24:51 PM |
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so guys when the POSA will be launched? thanks I'm looking forward to see it out! I would say very soon look at the buying on bittrex and mintpal today..something is up for sure.. Last week already reached 130k, but then it's went back to 66k, now is rising again, I thing that people are taking confidence with the imminent release of posa, and it's time to make some panic buy. |
I know why your pray will never be answered!
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fearcoka
Legendary
Offline
Activity: 1008
Merit: 1000
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July 16, 2014, 08:44:38 PM |
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 have we gotten an expert in this field to take a look at the posa before its release? |
Just Nao Tomori and Bitcoin ( ͡° ͜ʖ ͡°)
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igor107th
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July 16, 2014, 08:56:02 PM |
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me lol i think 100dollar is posible wen its posa real posa and onemarket
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eatenbyagrue
Newbie
Offline
Activity: 56
Merit: 0
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July 16, 2014, 09:30:50 PM |
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me lol i think 100dollar is posible wen its posa real posa and onemarket
Don't be delusional. I would be happy with a $10 price, which is what DRK hit at its (more or less stable) peak. |
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weeekeda
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July 16, 2014, 09:31:41 PM |
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me lol i think 100dollar is posible wen its posa real posa and onemarket
Don't be delusional. I would be happy with a $10 price, which is what DRK hit at its (more or less stable) peak. +1 |
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