WHY DID CONSENSUS SUCK? – CryptoCurrency Market News

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Today Max goes over the crypto market and news as well as why he thinks consensus sucked.
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47 Comments

  1. Lmk when Zack is back. I HATE MAX and I'm boycotting this channel until Zack returns. I'm not listening to a 15 year old in his bedroom at his parents house

  2. Well of course the Chinese put bitcoin so low in the rank: let's be honest, compared to others coins, bitcoin is outdated. A lot of other project have faster payments and lower fees, no doubt. Would I put Eth first? Mmm…

  3. Absolutely loved this Max. It was very real and full of good content. You represent why we are here. Intelligent, thoughtful and no shilling (which gets boring). Thank you

  4. Stealth Coin has developed a novel proof of stake, Stealth Quantum Proof-Of-Stake (qPoS)…
    This whitepaper describes a novel type of blockchain consensus that will be utilized in Stealth (XST). Consensus in XST will be decided by a round-robin block certification system that is purely economic, where block rewards are results driven. This system, called qPoS (quantum proof-of-stake), has a group of signatories that produce blocks in rounds. Signing privileges are tokenized as digital assets, called stakers. As signatories produce blocks, their stakers gain not only influence on consensus, but also earning capacity. Both increase with the square root of the net number of blocks produced by the staker. Existing stakers are transferrable, and new stakers can be purchased from the blockchain through a process that eliminates the purchasing money from the XST supply.
    In qPoS, block signers are queued at the beginning of each round. When a given staker has its turn, the staker has 5 seconds to sign and submit a block to the network. If the staker does not produce the block in this time, it is penalized with a "miss" that reduces by 1 the net number of blocks the staker has signed. Additionally, the staker cannot claim a reward for a missed block and may be subject to termination based on rules described below.
    The ruleset for qPoS enforces that stakers will be rewared for not only producing blocks, but for a history of good behavior. Good behavior is quantified by a metric that herein is called "weight". Weight is calculated as the square root of the net number of blocks a staker has produced over its lifetime. This highly economic and results-based system stands in contrast to systems described as delegated proof-of-stake (dPoS).
    Stealth Coin is the most advanced privacy coin in the world…10x better than Monero.
    Buy now @ Bittrex
    Show less

    Reply

  5. Might want to look at Bibox exchange, their token has been rising over the last couple of days. Looks like an early days Binance.

    LiWLX9u4ZEfA4S4BnzxUPXDeMeH4APKxGM

    PS: the stream was a little better this time. Keep it up

  6. We are just haveing a steady and healthyer groth. We neede a correction after the amazing run in the last month ๐Ÿ™‚
    LTC: MUD9tPqogijAtQCfHkbmEXoCTULg6D6EQp

  7. Pity we fumbled with concensus, it it a good opportunity to pitch crypto to those with money. Can't help but think it would have gone differently if some of the more serious crypto movers had not boycotted it

  8. As much as i admire Switzerland for their economy and banks. I do see issuing a country digital currency as a solution. Unless they cap it and not increasing supply. Not creating more different country coins/tokens, etc.
    LTC: LdMqHFWQ21gRUxvdzM7fQPMxVshpsh27rP

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