How can it take it from someone when the rewards are in the form of the coin itself not yet in existence because as well as security, it is also the distribution method?

I am telling you that from an algorithmic point of view, maybe PoS might be interesting, workable. But socially and economically, it does not work. Satoshi had a point.

Sorry I had to post again, I wanted to give out some figures to the people who were having a huge cry about being locked out of mining when ASICs came out. And I will give some figures into staking. The base amount here is 10K USD. Assume you invest 10K into each of these, the figures will be relative to that avenue.

BTC mining:

4 Antminer S9 ASICs at 13.5 Thash each.

Cost: Less than $9116
Hash: 13.5 Thash total 54Thash
Earnings as of todays stats: $41.65/day gross.

XMR Mining:

5x 6 GPU Rigs total 30 GPU total $9000
Hash: 25550 total hash (850/card)
Earnings: $55USD daily gross.

EXP:

5x 6 GPU Rigs total 30 GPU total $9000
Hash: low intensity 27.6Mhash per card total 828Mhash
Earnings: $78USD Daily gross.

Above is what we call, incentive for supporting a network, and a low cost entry gate with sufficient risk/reward ratio, and a solid chance at ROI.

PIVX Staking:

9345 actively Staking
Earnings: 4.41PIVX every 37 hours

CROWN Staking:
Masternode cost: $7626 or 10,000CRW (calculator not working here)
Earnings: 4.50CRW every 15 hours

In which scenario above would you see adequate NEW ADOPTERS come in to secure a network through-out the coins life? Personally I lean towards the one that offers the actual incentive for my efforts, into a coin with intrinsic value backing it, with adequate liquidity provided for new buyers to buy, trade and use it. You cannot deny those figures. You cannot deny the logic. Risk, Reward and Incentive. 3 very important driving forces in todays world.

Oh please. My arguments are more to do with PoW offering incentive for new people to jump in and secure a network. It's about the coin having community support that goes beyond a bunch of cheerleading. It;s about longevity. PoS cannot provide that. ETH can, because they enjoyed a long life of PoW mining, intrinsic ledger value and popularity.

Oh yeah, Monero is a shitcoin but PIVX isn't... LOL

Groestl and Skein are algorithms, I said Monero but means to say Cryptonite. Do you know why no ASICs actually exist for it? Because they will be more expensive! It's a memory intensive algorithm. Strawman arguments.

Years of Monero, Groestl, Skein... Where's the chips?

Years of Monero, Groestl, Skein... Where's the chips?

Privileged few - what utter garbage. The cries of someone who wants something from nothing, which is exactly what PoS is. Can you explain why I turn a profit enough to sustain myself with GPUs and 0.28kWH electricity prices?

LTC = inflation planned by algo with halving periods, capped to 84 mln, 60% already mined

Ripple = inflation decided by company, 37% mined

I'd love to hear your investment rationale on XRP as well.

Yes, ok. And throughout the course of said coin activity, it still provided adequate rewards to secure the network and invest in it.

Yes, a man payed 10000BTC for a pizza once, fine, fair enough. However throughout the existence of the coin, it could still be mined. And at the very least, it did not require 150K to make less than 1% monthly return. The reward stayed consistent with the network difficulty.

This argument is not because early adopters made more than late ones, this argument is about providing adequate incentive for investing in a network and securing them voluntarily. Why would any idiot in their right mind decide $1400 monthly return was worth the staking of $150K. Where is the incentive and the balance in the Risk/reward there in PIVX? It's an absolute joke.

And to the people saying they needed "specialised hardware" are just ignorant to the entire game. GPUs are not specialised hardware, and I have made a lot more in PoW than I can possibly in investing in staking in a coin that already took a price jump. NEM, PIVX, CROWN; it's all the same shit. The reward is crap, the network needs the stakers, so only early adopters see a proper return as per their stake and risk. You can't lie about the figures. $150K can earn you a lot more with other investment vehicles. I think the PIVX devs are dreaming.

Investors go for XRP for the easy buck but shall soon feel the pain.

No fundamentals, centralized coin, high inflation.

We call that learning curve!

Strong fundamentals are with BTC, ETH, LTC, MONA.

One centralized company is more centralized then 5 mining pools, yes the world is truly goofed.
XRP is the crypto equivalent of the fidget spinner craze. What does it do, never mind dont ask hard questions.

All of Ripple: https://www.youtube.com/watch?v=mQKxSVLLfAk

The zombies are not restricted to the crypto scene or spinning "must haves". It is right across the board and even drinking animal (cow, goat...) milk becomes a totally natural thing to do, yes if you're a calf. Nature, honesty, pride, common sense..... is totally foreign to this (other) separate bloodline.

POS on the other hand favours early adopters. People who come late to the show have a serious disadvantage.

-POW gives everybody the opportunity to get in on a coin through mining. POS on the other hand favours early adopters. People who come late to the show have a serious disadvantage.

Miners provide a service.. securing the block-chain and making the transactions move etc.
In turn they are paid.

Miners that buy hardware to mine are showing their support by investing in hardware.

Waste of power ? Sure.. but there really isn't a better way yet.

all these things you described look like pump to be honest because none of the reasons warrant a real demand for the coin and all show FOMO buying the coin to join in the possible price rise. for example ownership change, or sometimes even release of a wallet software or things like that doesn't really change much and we can see from their history that these coins get dumped which proves the pump assumption.


2005 was just talk! the development began in 2011
i see on exchanges from 2013!
ripple company was funded in 2012!

---

but this is actually raising a pretty interesting question for me at least, and whenever i ask it nobody seems to have any proper answer for it.

these coins that are rising now have been around for years (not talking only about XRP) and nothing has changed about them. everything is almost the same as before but the price is rising.
you can't tell me that people suddenly decided after many years that these pump and dumping altcoins are suddenly good, and all of them at once!

Not concerned with it being centralized or not ?

..you should be.  

I doubt ANY of you are actually.


Yup.

This altcoin shit has been a scam from end to end for years now.
This guy show cases the piss poor mentality of all these profiteer douche bags.
Nobody gives two fucking shits if it's a scam.. they are simply counting their Bitcoin ROI'z.

The entire Altcoin scene is nothing but a swirling vortex of retarded profiteer faggotry.
I see the exact same formulaic idiotic commentary swirl around like a tornado that never dies.
Scam this.. profit that.. FUD etc
What matters ?

Profit.

Does a coin function in a good way ?
Who gives a fuck your a FUD'er jealous of mah ROI'z !!!!111ONE  
Right ?
I heard that oh i dunno maybe from every shill from every coin ever LOL
I heard Doge tard's say it's legit because they made a bit of BTC off it.

Just realize the cops are coming.
I hope they seize your money you greedy immoral corrupt self serving losers.
You don't deserve it.

You all took a great idea with promise and made damn sure to shit on it to death.
To the point where all the legit players are forced out and the scene is dominated by sleazy little rats scurrying around in the shadows nibbling away at the ROI's from what ever the fuck is paying out right now.

Anyone with half a brain would have left years ago..

It's NOW like watching a pack of scammers collectively run their scammy schemes.
When this shit was legit Ripple was ignored.
Now ?  

I warned you all long ago.
You will suffer the consequences and i as usual will laugh my god damn ass off and say i told you so and i will relish every moment of it too.

So by all means carry on with the chasing your luscious sweet tantalizing ROI'z.
And before you mumble some bullshit at me about being jealous bear in mind i heard it all before and answered your cliche'd retorts a thousands times before already.

Bitcointalk = Jiggle dick-holster for bucks $$$

I would smile if the Fed's shut this site down.

There are good reasons for why allowing a centralized entity to release coins on whatever schedule they want is worse than allowing anyone to mine coins on a pre-determined, predictable, algorithmically limited basis.

XRP only serves to make ripple rich, it has no real world use and its volatility shows just how much its ruled by speculation rather than any fundamentals. Ripple still have over 60 billion XRP to release at their convenience, I just don't understand why people are stupid enough to buy them.

i wouldn't call >3300% rise in 40 days as "a bit inflated" that is called a "big ass bubble"
and in my experience whenever people are talking about "holding an altcoin" that usually is a good Que to start thinking about some exit strategy because the selling time is getting close.



i think if banks want a faster transaction they will start their own internal blockchain system (which they are already doing) and not rely on another altcoin which they can not fully control.