who's going to mine this shit when the block reward is 1 and the total supply is in the billions.
THIS is the thing that holds me back from buying it. Can someone please answer that question? I just lost a ton of bitcoin with pennie cents so you better be able to tell the answer to that if you want me buying this.
This is the reply I got when asking the dev if they're considering of introducing POS:
Hi lets see how it plays out. This is the whole purpose of Top. We can hard fork it later if necessary.
It stands to reason Generating more coins would probably not increase value. Whether they were POS or POW
And Stake holders will continue to mine to support the network. It does not require much hash power.
thanks. I think that again shows why crypto is considered 'high risk investement'. So i concioulsy decide not to buy into half baked things like this. Note: the devs already know that they will have trouble with sustaining the network. They don't know how to handle those problems that are sure to arise in the future and already factored in a hardfork for later which they don't know now how to do (otherwise that wouldn't be an issue now because already solved) because the problem for which they have no solution now needs to be delt with
later and not now. That is half baked buying into promises which i promised to myself never to do again. With buying top you are essentially betting on the devs being able to solve a problem later wich they can not solve now. Basically the rewarddrop (which is the killer-feature for this coin) is causing problems with sustainability of the network. Sloppy answers like seen above to this fundamental question from the devs is a red flag for me. I think this is a ponzi because it is probably not sustainable.
Have fun trading hot potatoes ...
(now you can hate on me again)