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File: 348 KB, 587x514, comfyidena.png [View same] [iqdb] [saucenao] [google]
20088085 No.20088085 [Reply] [Original]

Idena is a built from scratch totally new blockchain model. It proposes a model in which the nodes have to validate themselves that they are human by solving flips (puzzles) one time each week (this will be gradually extended to each month over time). The puzzles are like captcha’s, machines can’t solve them. So this way the blockchain makes sure only a human can run a node. Once a person has validated himself and has become a node, they can start participating in the network. Every person can run only one node, since the validation proces is at a set date each week and it has to be done within like 5 mins, making it impossible to do two or more at a time per person. So every person has one node and thus also one vote in the system, giving everyone equal power in governance. Once setup a node you are then incentivized by rewards in DNA (Idena’s token) to:
1. Create new puzzles
2. Validate yourself each week
3. Invite new people (only verified people can invite. Verified = 3x done validation)
4. Mining

So this is basically how the infrastructure works. These things are making this infrastructure, cause every person can run only one node, the most decentralized blockchain there is. Proof of Work and Proof of Stake etc. are run by a few people who own the majority of the nodes, making it not decentralized at all. Now you asking: what is the point of all this? Well basically this whole space (crypto) started with an idea to make a decentralized system, a more fair system for the world. And since Proof of Work and Proof of Stake failed this purpose, Idena has stepped in to solve actually the most important issue which decentralized systems (crypto) face today: making a cryptocurrency thats actually decentralized.

>> No.20088389

ok boomer

>> No.20088862
File: 119 KB, 583x482, 1593475716122.png [View same] [iqdb] [saucenao] [google]
20088862

One word:
>savants
Bye coins.

>> No.20089190

this shit will moon as soon as it gets a better exchange, it is a mistake to not have a bag

>> No.20089412

Cool idea and very needed.

But

Why can’t a whale just hire an army of turks to increase his control?

>> No.20089495

>>20089412
... if however the riddles are hard enough to be only be solveable by high-iq-individuals we got something going... the basis for a kind of aristocratic democracy which is fair but excludes brainlets feom fucking everything up.

>> No.20089561

>>20089495
From what I've seen you fail validation if iq < 90

>> No.20089571

i got 11k DNA.

will i make it bros...i just want to own my own apartment and live a normal life, with my own family, in peace.

>> No.20089639

>>20089571
Get a job and wage

>> No.20089655

>>20089571
one day when enough people are in the network, you will mine 1 DNA/day instead of ~12 DNA/day how it is now, and i certainly see this coming cause once it gets listed on a proper exchange, a ton of people will realize that mining this coin requires you 5$/month and that it's free money

>> No.20089724

>>20089571
It’s a good start, but I’d aim for 50k. It has great moon potential, but I plan to sell mine off little by little as it grows and save 25k for if it ever cracks the top 20.

>> No.20089755

>>20089639
I already have a office job. lucky me. but its not enough to raise a family and be a family father nowadays. i would like it if my eventual wife would at least have the possibility of staying at home without any financial complications

>> No.20090158
File: 605 KB, 1012x899, 1579524763376.png [View same] [iqdb] [saucenao] [google]
20090158

>>20089495
Pajeets and Chinks are already failing monumentally, but I agree that it should be a bit harder. Proof of Humanity as a concept is cool, but midwits should not have the same human rights as brainlets and geniuses. As a tradeoff, they get to profit from the genius' contributions and the brainlet's risk-taking without efforts on their own part.
>>20089571
11k is a great start. If you run a miner and get good people on board with your invites on the side, you're looking at ~1000 DNA per epoch. This amount will shrink as the network grows since there will be more miners to reward, of course.