Vitalik's new article seems to have perfectly described PoI. Or did I miss something? https://blog.ethereum.org/2014/11/25/proof-stake-learned-love-weak-subjectivity/
These things kind of go over my head, but the way I read Vitalik's article he is advocating our system.
He states that just counting each coin as a little miner (word for word BCNext's explanation) was flawed because there was no timeout (NXT fixed this because it has a 720 block lock out). But NXT stops there. And then he also goes on to explain that is not all that is needed. He says also that coins needed to be aged in, and also nodes needed a way to trust each other, i.e. the longer a node has been online the more trustworthy it is. He proposes doing this by giving gravity to an account; that basically the longer it has been known to be online and the more the coins have been aged, then the heavier and more trustworthy the node is. It seems to me that he makes the argument that PoS needs all three of these. Or did I miss something?
What he calls "gravity" we call PoI if I am correct. At NEM we check to see if Nodes are trustworthy through the Egientrust algo used to determine which nodes can be trusted, and we also give weight to coins by how much they have been aged in.
I kept on reading this thinking, "Wow, he is basically advocating NEM."
And the funny thing is that this article was written because the other day Vitalik basically schooled a bunch of people and mentioned "weak subjectivity" and our friend Kodtycoon was like, "hey Vitalik, will you write a blog about that?" And so I guess he did. hahaha https://www.reddit.com/r/Bitcoin/comments/2miytv/long_live_proofofwork_long_live_mining/
haha cool 
didnt think he would do it that fast… i must have more punch that i thought strides away smugly lol
guna read it now but from what you posted i think you are right. we should forward our white paper and source code to him once its released.
agreed!
agreed, great blog post, definitely closet Pro-NEM
I wish NEM had better publicity/public-awareness. We are doing some amazing things that would shock the world if everyone knew.
Interesting responses on the bitcoin reddit: http://www.reddit.com/r/Bitcoin/comments/2ndumn/how_i_learned_to_love_weak_subjectivity_vitalik/
Interesting responses on the bitcoin reddit: http://www.reddit.com/r/Bitcoin/comments/2ndumn/how_i_learned_to_love_weak_subjectivity_vitalik/
a lot more people seem to be taking pos a lot more seriously as of late.. perfect time for nem to launch imo ;)