Ark and Pivx

in ark •  8 years ago 

Ark.....long story short. Nice technology, smart bridge....it has a lot to offer.
In my opinion Ark will never rise to a true price of a coin that offers such a good technology unless it changes his stake/vote/delegates system. At the moment there are 51 delegates(nodes) who are voted and staking for your coins even when you are offline. The main problem I see here is the delegate system. They can be voted...unvoted...and the first 51 with the most votes function as nodes (delegates) giving you a percent of the stake for voting them with your coins. The problem is that is very hard to bring down a delegate....as the total stake is divided between active delegates regardless of the coins that voted for them, so if people start unlikeing and un-voting a delegate...his total stake remains the same as for the other delegates making the stake for the voters bigger per coin( as there are less coins voting him), and the people driven by profit will jump to vote him making impossible to bring him down on 52 place. So it's like a dictatorial impossible to unvote delegate system of 51 "unknown" delegates. As you probably know....51% of the miners can control a blockchain....that means 26 delegates. I don't see any company or investment fund putting millions in a coin controlled by 26 unknown people.....do you? All the coins that went up are backed up by an investment fund, company or implementation in the economy. So....unless they change that.... . In my opinion the delegates should be retributed for mining % according to the coins that voted them and that should solve the problem. Also a bigger decentralization.. more delegates.

Pivx...well...well..... it all depends on how the zero protocol allowing transactions without confirmation will work.....they might gain on dash market. Nodes/stakers(miners) is superior to dash, self managing how much % from the mined coin goes to nodes and how much to stakers ( if there is a lack of nodes....it increases the % payed to nodes, if there is a shortage of stakers it increases the % payed to stakers). Taking in consideration the total amount of coins on the market is 9 times compared to dash, if it takes the market it has a chance of reaching approx 1/9 the price of dash.
Circulating Supply 53,495,634 PIVX Circulating Supply 7,319,869 DASH according to www.coinmarketcap.com

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