Here is detailed article about DPOS.
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Because POS is also much better than POW because you don't get the sell pressure and when you do it's from people who already invested.
OP asked how POS works.
Can we agree that PoS has more positive things than flaws (like inflation, on which Daedelus is avid supporter  )? |
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EDIT: I can do the escrow. Will not risk my reputation for pennies and if my intentions was to dump it I had a lot of chances to do so.
Yes, why not. Me I have no objections. Other opinions? I have only a wish: Then start speaking better words about our coin please :-) I said that I will hold the coin despite the outcome, can help with donation and will do the escrow (if people in here are agree with that). Those a the only better words which I can say for the moment. |
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ROFL... You started a discussion about PoS, which has a lot of posts and now I'm not sure if your goal is really to receive explanations about how DPoS is working. |
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I think the question here is why people are holding coins despite that everything points to decline in price (no matter what kind of intentions creator of the currency has) and miss oportunities for profit. Personally I had lost thousands of BTC on bad decisions (not bought when I had to, sold too early, bagholding). I think there is nothing wrong holding a coin, but lately that concept is not working very good.
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POS inflation is an automatic Ponzi scheme, it is a circle jerk and people who Stake their Coins receive a larger dose of the circle jerk until they have the opportunity to dump on new bagholders, the rate at which the largest bagholders gain majority depends on the inflation rate.
Then why PayCon is PoS coin? |
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DNotes growth was natural imho (look at the volume through the months), it was never been hyped, team behind it is active and it is here for 1+ years. What more you can want from any given cryptocurrency? EDIT: I can do the escrow. Will not risk my reputation for pennies and if my intentions was to dump it I had a lot of chances to do so. |
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Show me a coin which can be proven not to be a P&D scheme? For which current cryptocurrency can you guarantee that it will be worth more than 0 USD in 10 years?
DNotes though you can't guarantee anything for 10 years ahead... even Bitcoin. |
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What this guy did?
Can't really say, because despite that I am interested in cryptocurrencies for years, I started to follow this section just recently. It is because I am thinking about starting giving loans, but I'm not exactly sure yet. P.S. Ah, and yes. Through the months and years I have seen accounts with a lot worse reputation and it took me less than a minute to find one for you. |
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Well, COV is just another shitcoin to me and despite that invested some BTC in it I'd rather lose them all insted participating in something, which could be another P&D scheme. I can agree that some developer can make good profit on it, but only if he works, deliver and hold. Nowdays this is nearly impossible and that is why I think that Coven is dead.
EDIT: The "dev" made the stupid mistake to say that he will no longer support COV. This action caused COV to be dumped. I highly doubt that the price will be that low if he didn't said that. In business (if we accept it as business) there are certain things you just can't say to people.
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I'm not trying to do anything my friend. I already said what is my opinion about PoS and that's it. You fail to accept it as a good technology and you preffer to just call it inflation. Why I should waste more time trying to explain something, which I already did numerous times.
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-11 trust, no collateral, newbie acc..well I'm just thinking if conditions can be even worst but this seems like rock bottom |
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...
That basically means some developer to work on COV until it hits those targets, dump it and game over. |
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I just give up. You are either barabbas or some relative of him. |
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Interest (inflating the coin supply) has been the theme. Troopnetpt thinks creating coins constantly is wrong, you disagreed. I agree with Troopnetpt.
Do you still think 3% is the same as getting 3% in a bank? I've shown how it isn't but you glossed over it.
If a coin has good fundamentals, development and adoption it with probably do well. It isn't unique to POS or dependent on inflation. So why is having an extra 3% number of a coin (while each coin is worth a corresponding % less) important? Logically, you must think the inflation is responsible. But this goes against economics (and maths on a more basic level as you have a larger denominator when dividing the market cap by supply).
1. Disagreed? You just can't be more wrong. Watch this simple video created personally by me. It's not state-of-the-art, but I think it will prove what I am thinking about creating more coins. 2. NO! I just gave it like example. You can't compare PoS interest with the one who is offered by banks just like you can't really compare PoS with inflation. I was agreed it is an inflation, but it should be treated different. That's it. 3. Again NO. I already explained why PoS is needed for some coins. Some people posted tutorials on how it works, but I believe that you know what it means. PoS should be considered for something good, not just call it inflation. 4. IF given coin remains stable @ price it's market cap should rise steadily, which means that if we accept that the coin is business, then your business is getting bigger and therefore receive attention from some more people. |
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Unfortunately, this is not enough as Franko does not receive much attention. ADN too. I hope you'll see better days with them...
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No.
Please define what you mean when you say POS
Well... will try to be more clear with what I mean. if we talk about PoS and only it's financial side (you continue to look on it as inflation, but PoS is really much more than that), I consider it as profit if the coin has good fundamentals, development and above all - constant work on adoption. |
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FIFY. Strange quirk you have.
And again, our discussion was about inflation PoS as a source of profit. You say it is, I and economics say it has the opposite effect and erodes value (even small amounts due to compounding).
Daedelus, I can do that too you know, but I want to ask you something as well. Are you related to barabbas? |
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This discussion leads to nowhere, because we both have different opinions about PoS. Probably it will be good if more people express their opinions about PoS and if it can be compared with real life inflation.
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Daedelus,
I simply can't provide any evidences, because lately crypto-world is a place filled with so many scammers. In some romantic way, I think that this could be changed, but feel free to accept my opinion as yada-yada.
P.S. And in my eyes, I will continue to think that PoS is more profit than inflation.
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