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Title: POS coin idea? Post by: mtwelve on October 16, 2014, 07:15:49 PM Lets call it minecoin. It would have a POS specs similair to someone mining any coin, so I was thinking steady daiy payments. Would a coin with that kind of inflation work? What do you guys think?
TL;DR A coin that is POS but has daily returns of someone running a ASIC or GPU farm. Title: Re: POS coin idea? Post by: BitJohn on October 16, 2014, 09:02:25 PM Lets call it minecoin. It would have a POS specs similair to someone mining any coin, so I was thinking steady daiy payments. Would a coin with that kind of inflation work? What do you guys think? TL;DR A coin that is POS but has daily returns of someone running a ASIC or GPU farm. Well the high returns would likely adjust the cost to that of staking. So the actual return would be more like any other stake coin as its inexpensive to make. Some coins have value simply because a miner wont part with it for less than the cost of power and hardware. I would assume staking would be no different. Title: Re: POS coin idea? Post by: mtwelve on October 16, 2014, 11:07:01 PM True, but several other POS coins are extremely stable price wise. Maybe if there was a feature that it showed up in your wallet (and contributed to staking) but you couldn't move it until xx days? Sort of like a reverse POS, where you get the coins and then it matures, not the other way around.
Title: Re: POS coin idea? Post by: muddafudda on October 17, 2014, 04:27:21 AM Lets call it minecoin. It would have a POS specs similair to someone mining any coin, so I was thinking steady daiy payments. Would a coin with that kind of inflation work? What do you guys think? TL;DR A coin that is POS but has daily returns of someone running a ASIC or GPU farm. Well the high returns would likely adjust the cost to that of staking. So the actual return would be more like any other stake coin as its inexpensive to make. Some coins have value simply because a miner wont part with it for less than the cost of power and hardware. I would assume staking would be no different. The whole Eco-system has changed in terms of profitability vs mining. Most rigs and machines struggle for roi which has resulted in a total shift of crypto economics |