BitShares Forum

Main => General Discussion => Topic started by: eagleeye on February 07, 2015, 11:56:28 am

Title: Do we still consider ourselves DPOS rather than DPOW?
Post by: eagleeye on February 07, 2015, 11:56:28 am
Isnt it Delegated Proof of Work now and eventually it will go to DPOS once it caps out?

Has this already been discussed?  If so, dont mind me.
Title: Re: Do we still consider ourselves DPOS rather than DPOW?
Post by: pc on February 07, 2015, 12:57:30 pm
Why do you think it's DPOW? Because of BTC-style block rewards? Or because delegates are expected to work for their income?

POS/POW has nothing to do with either. POS means that the stake controls who gets to mine blocks. This hasn't changed.
Title: Re: Do we still consider ourselves DPOS rather than DPOW?
Post by: santaclause102 on February 07, 2015, 12:59:04 pm
Isnt it Delegated Proof of Work now and eventually it will go to DPOS once it caps out?

Has this already been discussed?  If so, dont mind me.

Just depends on how you define "W" / "Work". Terms don't tell us anything without a definition.
Title: Re: Do we still consider ourselves DPOS rather than DPOW?
Post by: eagleeye on February 07, 2015, 01:07:13 pm
Even 3% delegates have to work to keep there delegate up, and updated.
Title: Re: Do we still consider ourselves DPOS rather than DPOW?
Post by: josojo on February 07, 2015, 01:18:34 pm
Even 3% delegates have to work to keep there delegate up, and updated.

 :D now I get your question.
Well, I think we should stick to DPOS since the stakeholders have the power in their hand. If they vote against you, you are gonna be kicked out no matter how much work you are doing.

Title: Re: Do we still consider ourselves DPOS rather than DPOW?
Post by: eagleeye on February 07, 2015, 01:52:40 pm
Even 3% delegates have to work to keep there delegate up, and updated.

 :D now I get your question.
Well, I think we should stick to DPOS since the stakeholders have the power in their hand. If they vote against you, you are gonna be kicked out no matter how much work you are doing.

Ok I understand the foundational operating system is DPOS.
Title: Re: Do we still consider ourselves DPOS rather than DPOW?
Post by: fuzzy on February 07, 2015, 03:58:22 pm
Even 3% delegates have to work to keep there delegate up, and updated.

It is named what it is named because it is a POS-derived protocol. 
Title: Re: Do we still consider ourselves DPOS rather than DPOW?
Post by: vikram on February 07, 2015, 07:15:52 pm
A node is only allowed to produce a block if it can prove that it was given sufficient stake vote.

Compared to bitcoin where a node is only allowed to produce a block if it can prove that it performed sufficient hashing work.