“The Ideal Reserve is a cooperatively owned & managed, decentralized, secure, and globally redundant cryptocurrency that seeks to provide minimum cost, truly instantaneous, totally inflation & deflation free transfers for individuals, businesses, & financial institutions with no downtime.”
1 Like
Whether or not it is decentralized is absolutely not clear at all.
1 Like
I’m having a super hard time figuring out how M0 prevents malicious double spend attempts without using a proof of stake mechanism. Votes are performed by those that transfer M0, the smart algorithms that govern it supposedly prevent vote manipulation via magic math. If he open sourced the code, we might be able to use his algorithms to help produce a completely non-volatile currency (stablized to real world value via free market mechanisms and supply and demand feedback mechanisms.). However, as it stands it is a failed proprietary project that didn’t get the startup economics right and will be forgotten except by the haunting dreams of its developer.
2 Likes
This is the person I quoted in my thread here…
It seems like a shame if his project doesn’t see any use. I would invite him to join us here, but he already seems to have a set opinion about Nu and PoS.
1 Like
He talked about his system to Nagalim and CoinGame here also…
1 Like
Idk, the project looks like a scam.
The Constitution of The Ideal Reserve: https://www.reddit.com/r/IdealReserve/comments/31geet/the_constitution_of_the_ideal_reserve/
1 Like
FAQ: This post will serve to provide everyone with a quick reference to all of the common Ideal Reserve questions.
1 Like