Hi edicted, I wanted to jump in on this thread as well. Thanks for your critique it is greatly appreciated to hear multiple perspectives, it is a big reason how the project has gotten this far to bring hope to millions and hopefully billions of people. The pre-mine of 10 billion is accurate and in the white paper it lays out our plan to burn roughly 7.5 billion, the means of the burn is still tbd but a decision should be made in the near future.
As for the critique on the graph, if you look at the btc/manna its been relatively stable between 50-100 sat. I think there was a silly buy order to spike in usd/manna on southxchange but that was someone not doing due diligence. Manna is still a very illiquid token which we are hopeful to get on larger exchanges in the near future. Btw, you are very blessed you have the bandwidth and resources to exhaust many hours into researching cryptos, there are a lot of great projects out there and also not so great, would love to hear some you suggest we should put on our radar.
As for your comment about Eric that is just rude, he is a great person and our team has sacrificed so much with many who have families for this project. We would appreciate if you edit your comment but if not that is ok too.
Anyway, appreciate your help in any fashion and we look forward to changing the world together.
Talk soon,
Brandon
As for SHA-256, absolutely we plan to get the blockchain upgraded and transitioned off as the resources become available.
There are alt to fix that.
1.Merged mining get the same hasrate as bitcoin but offering bitcoin miners that they can mine Manna the same time as bitcoin. Lower the block reward if need be,
2.Delayed proof of work. Leverage bitcoin power with the mining.
Delayed Proof of Work (DPoW) is a fairly new concept in the world of cryptocurrency mining. DPoW allows any cryptocurrency to be as secure as Bitcoin itself without the need to have a large network of miners protecting it.
Delayed Proof of Work relies on a secondary network of notary nodes in order to provide this improved security mechanism. Notary nodes take the block hashes from a currency’s Blockchain and insert them into the Bitcoin Blockchain by making transactions. At the same time, the information about previous blocks stored on the Bitcoin Blockchain is constantly checked by nodes in order to ensure the the currency’s network.
By stamping the block hashes from “weaker” cryptocurrencies on the Bitcoin Blockchain, these become resistant to previously-open attack vectors where a malicious actor with large amounts of hashing power could disrupt the network by “rewriting” the information on it. By timestamping the block hashes on the Bitcoin Blockchain, they become as immutable as Bitcoin itself and allow the notary nodes to identify the attack attempt.
Although mining on these chains occurs through Proof of Work, it’s done through an on-demand block generation process. Another concept put forward by DPoW developer “Jl777,” on-demand block generation, ensures that blocks are only mined when a transaction needs to be processed. This reduces the computational power sent by miners and the storage requirements for nodes. Polycryptoblog, who works with Jl777, explains:
“On-demand block generation saves energy on its own Blockchain whereas dPoW makes the Bitcoin Blockchain more energy efficient. When a transaction is detected in the mempool the mining process starts. This saves energy on many fronts, CPU cores sit idle when they aren't mining, comparable to proof of stake. This also leads to smaller Blockchain sizes due lack of empty blocks being mined, which leads to less syncing time and saving on space and electricity in the process.”
3.Just go to POS
4.Become a token on a platfrom.
Please disregard this troll thread. I was in quite a mood when I wrote it. It's easy to lash out at things that are "too good to be true".
Water under the bridge for all of us.
We need to work together to uplift the world population. In-fighting among us will only lead to more of the same: a society that favors the few.
Thank you for your contribution.