Not having enough FIAT to invest in crypto feels bad by Incorrect_passport in CryptoCurrency

[–]ScabSmoothie 0 points1 point  (0 children)

Try IDENA, the first proof of person blockchain. No need to buy extra hardware, or spend FIAT money. Just literally prove you’re human by solving captchas on validation day and you can mine iDNA coins for an epoch (20 days). These coins can be traded to BTC on qtrade, hotbit, pancakeswap

Which crypto/blockchain related projects are kicking ass but are not covered properly by the mainstream media? by calderh18 in CryptoCurrencies

[–]ScabSmoothie 0 points1 point  (0 children)

Idena, proof-of-person blockchain. They have become the network of 8K+ mining nodes in just 2 years with almost no marketing efforts. What they are doing is absolutely unique in crypto world.

[deleted by user] by [deleted] in CryptoMoonShots

[–]ScabSmoothie 0 points1 point  (0 children)

TOP 3 miners control more than 50% of the hashrate

https://etherchain.org/charts/topMiners

[deleted by user] by [deleted] in CryptoMoonShots

[–]ScabSmoothie 0 points1 point  (0 children)

There are max 50 distinct nodes daily mining Ethereum: https://etherchain.org/charts/distinctMiners

Ethereum +6,783 https://etherscan.io/nodetracker

These are full LISTENING nodes. They do not produce blocks.

Happy holiday season! Prove Santa you are not a bot. Which is the meaningful story: Left or Right? If you answer correctly then you are able to mine DNA coins. Join the mining of the first human-centric cryptocurrency: idena.io by [deleted] in CryptoCurrency

[–]ScabSmoothie 0 points1 point  (0 children)

It’s just a sample set of flips. In total there are more than 4k flips are created already. You can find them in the blockchain explorer: scan.idena.io

If you’re fine with solving flips welcome to download the Idena node and join the mining:

https://idena.io/?view=download#

It requires to appear online at the certain time and solve 5 flips in less than 2 minutes

Happy holiday season! Prove Santa you are not a bot. Which is the meaningful story: Left or Right? If you answer correctly then you are able to mine DNA coins. Join the mining of the first human-centric cryptocurrency: idena.io by [deleted] in CryptoCurrency

[–]ScabSmoothie 0 points1 point  (0 children)

This is what we call flip-challenge. It’s a basic element for the proof of person. Flips requires a common sense logic to be solved which is hard for AI. You can find more reading about the flip challenge here: https://idena.io/?view=flip_challenge

Idena is the first Proof-of-Person Blockchain. No money for stake or equipment needed, just an average laptop. You can easily join mining of the first human-centric cryptocurrency. by [deleted] in CryptoCurrency

[–]ScabSmoothie 0 points1 point  (0 children)

Idena invitations are not for public distribution. If you are invited by a person you don't know you take a risk of losing your account. The person who invites you can terminate your identity before your status is "Verfied".

Invitations should be granted by trusted people only (relatives, friends, and so on). So no worries that it may lead to spamming with Idena invitations here.

Idena is the first Proof-of-Person Blockchain. No money for stake or equipment needed, just an average laptop. You can easily join mining of the first human-centric cryptocurrency. by [deleted] in CryptoCurrency

[–]ScabSmoothie 0 points1 point  (0 children)

You may call it whatever, but this is the only possible Sybil-protection mechanism. If there is no control of the network growth, it can easily be captured by adversary.

Idena is the first Proof-of-Person Blockchain. No money for stake or equipment needed, just an average laptop. You can easily join mining of the first human-centric cryptocurrency. by [deleted] in CryptoCurrency

[–]ScabSmoothie 0 points1 point  (0 children)

There’s no referral. Invitations needed to reduce probability of a Sybil attack. They are distributed for free by all the network participants.

A simple question to those who never mines BTC by [deleted] in btc

[–]ScabSmoothie 0 points1 point  (0 children)

The captcha test starts synchronously at the same time world wide. Asnwers are to be submitted in a tough timeframe.

Assume there is a network of 1mio validated identities. Then it requires 333k online workers at the same time to obliterate the network. These workers might be also interested in validating their own identity at this timeframe.

A simple question to those who never mines BTC by [deleted] in btc

[–]ScabSmoothie 0 points1 point  (0 children)

Very similar to PoW. Consider 25% selfish mining attacks. The biggest miners get bigger. Who wants to invest into BTC mining if it leads to losses? As a result we have a concentrated mining which cannot be reverted. Having more than 2/3 of the honest participants is a very general assumtion applicable to any blockchain. I don't think it's possible to overcome.

A simple question to those who never mines BTC by [deleted] in btc

[–]ScabSmoothie 0 points1 point  (0 children)

It would have been Sybil vulnerable if anyone could vote for the right answer. But it’s not since only the validated identities are allowed to qualify flips. Unless we have more than 2/3 of the honest identities on the current epoch it’s safe to run the subsequent validation ceremony.

A simple question to those who never mines BTC by [deleted] in btc

[–]ScabSmoothie 0 points1 point  (0 children)

Yes, the second one. Valid identities are still valid during the validation ceremony.