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Author Topic: POS a typical Rich gets Richer scam  (Read 170 times)
Tash (OP)
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February 10, 2020, 07:10:04 PM
 #21


Same as when you hold money in the bank, the rich people gets a larger amount in dividends anually, but still the same percentage as everyone else, same thing really

!00% wrong because if you have 1 dollar you get same % Bank interest as some one with 1000 dollar with staking you must have x amount otherwise you get nothing.  Even Banks are better than POS, says a lot.

davinchi
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February 10, 2020, 08:28:46 PM
 #22

In POW also, rich people alone able to min with higher hash rates and from the profits they again buying mining equipment which helps them to mine more to multiply their profits. I mean to say rich people are having advantages both in POS and POW algorithms, no big differences.

In my opinion, masternode concept is not good. Because, unlike POS, you need to spend some small or big money for hosting a node which means your money is going out of your staking coin or at least out of crypto space. When you set up master node for multiple months and there will be 100s of node operator, just calculate how much money is going out of your coin. If you attract all the money toward your coin, calculate how much significant value improvement your coin might have had?
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