I joined the slack trying to find some simple security answers and all I got was questioning of the security of other projects. Perhaps you can help me with those questions later on. I don't understand how PoS can be protected against sabotage when there are people who have unlimited fiat to purchase stake. If the higher stake gets preference then there's nothing stopping banks from just pumping the hell out of it, get everyone excited and selling their position in other projects to join PIVX or any other PoS, and then dumping all in a couple of minutes. This really concerns me so I'm hoping someone with the knowledge can put it in simple terms.
The same can be said of literally every blockchain. With unlimited fiat anyone could crash anything if they dont mind wasting tons of money to stamp out something that will just come right back as a different blockchain. Pointless to worry about this, focus on the improvements over previous generations and the fact that anyone with unlimited fiat would go after the big dogs like bitcoin first.
Yes, @Wilbur is basically correct. Also you'd find that most of the network stake isn't for sale, due to being used for staking or masternodes. It's not a scenario that PoS coins really worry about.
it's really strange...Pivx community is very engaging. I've not seen this in the crypto-space. We don't know how this will evolve, but the energy is so intense that u want to be part of it...They are just have fun creating nice stuff. Great marketing team and growing community +2700 members in slack in less that 2 months. It's really community based and Steemians are also enjoying being part :-)
better check EXCL - 3 years old and also PoS of DASH :)
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It's amazing what a bought of people in front of their computers 18 hours a day and nothing better to do can create. Simply amazing. :)
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Would appreciate it if they could go back to pumping SD.
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LOL, funny stuff. The internet shall never be the same again.
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I joined the slack trying to find some simple security answers and all I got was questioning of the security of other projects. Perhaps you can help me with those questions later on. I don't understand how PoS can be protected against sabotage when there are people who have unlimited fiat to purchase stake. If the higher stake gets preference then there's nothing stopping banks from just pumping the hell out of it, get everyone excited and selling their position in other projects to join PIVX or any other PoS, and then dumping all in a couple of minutes. This really concerns me so I'm hoping someone with the knowledge can put it in simple terms.
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The same can be said of literally every blockchain. With unlimited fiat anyone could crash anything if they dont mind wasting tons of money to stamp out something that will just come right back as a different blockchain. Pointless to worry about this, focus on the improvements over previous generations and the fact that anyone with unlimited fiat would go after the big dogs like bitcoin first.
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Yes, @Wilbur is basically correct. Also you'd find that most of the network stake isn't for sale, due to being used for staking or masternodes. It's not a scenario that PoS coins really worry about.
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Bingo
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it's really strange...Pivx community is very engaging. I've not seen this in the crypto-space. We don't know how this will evolve, but the energy is so intense that u want to be part of it...They are just have fun creating nice stuff. Great marketing team and growing community +2700 members in slack in less that 2 months. It's really community based and Steemians are also enjoying being part :-)
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This is what got me involved. Community. I won't touch a coin without an active and vibrant community.
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Love this one! =D
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funny
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Here is the original guy who started this ;) https://steemit.com/skyrock/@emanueldangelo/prepare-for-pivx-to-skyrock
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?
I'm not quite sure I am understanding this post. Those images are fake, right?
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Yes this was a meme that just got made today, the OP it originated from said Skyrock instead of skyrocket and won the Internet for Monday 4/10/17 =)
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Memes sure skyrock coins, facebook statuses even more!
wow such momentum
much viral
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Yes, all made by the @Pivx community.
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nice thanks for sharing @hilarki
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