Bitcoin Forum
May 29, 2024, 11:25:02 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Proof-of-Stake coins: Sentiment Vs Price Action  (Read 608 times)
jonald_fyookball (OP)
Legendary
*
Offline Offline

Activity: 1302
Merit: 1004


Core dev leaves me neg feedback #abuse #political


View Profile
May 18, 2014, 08:02:57 PM
 #1

There has been quite a lot of discussion
here in the Bitcoin forum in the last
few months about Proof-of-Stake coins.

My personal opinion about the general
sentiment here is that many people
have felt that there is too great
an energy cost to Proof of Work,
or that Proof of Stake is superior.

However, that sentiment seems to
be shifting, as people are starting
to realize there is no clear way to
ensure distributed consensus
with Proof of Stake... at least none
as robust as Bitcoin is doing with
Proof-of-Work.

Also, interesting that Gavin Andressen
mentioned recently he doesn't see energy
consumption as a problem and it will balance itself
out over time.

I took a look at some charts today on
Cryptsy.  These are charts VS the Bitcoin price.

(mods, please don't move to altcoin section,
this is about Bitcoin PoW vs PoS)

I am wondering, do you think the price
fluctuations reflect this sentiment?

Take a look at Peercoin vs Bicoin.  It
had a nice run up from November 2013
till January 2014, but since then
has faded and reversed direction.

NXT price history on cryptsy only goes
back to March... But it is increasing
in the last 30-60 days.  Perhaps the
jury is still out on NXT.

Thoughts?




bluemeanie1
Sr. Member
****
Offline Offline

Activity: 280
Merit: 257


bluemeanie


View Profile WWW
May 18, 2014, 08:13:16 PM
 #2

NXT also has the largest volume on Bter(by far) of all the alts.

-bm

Just who IS bluemeanie?    On NXTautoDAC and a Million Stolen NXT

feel like your voice isn't being heard? PM me.   |   stole 1M NXT?
LeChatNoir
Hero Member
*****
Offline Offline

Activity: 699
Merit: 501


Coinpanion.io - Copy Successful Crypto Traders


View Profile WWW
May 18, 2014, 09:07:02 PM
 #3

However, that sentiment seems to
be shifting, as people are starting
to realize there is no clear way to
ensure distributed consensus
with Proof of Stake... at least none
as robust as Bitcoin is doing with
Proof-of-Work.

NXT supporters claim this has been solved by transparent forging. I don't know if that is true.

Coinpanion.io - Copy Successful Crypto Traders
jonald_fyookball (OP)
Legendary
*
Offline Offline

Activity: 1302
Merit: 1004


Core dev leaves me neg feedback #abuse #political


View Profile
May 18, 2014, 09:10:58 PM
 #4

However, that sentiment seems to
be shifting, as people are starting
to realize there is no clear way to
ensure distributed consensus
with Proof of Stake... at least none
as robust as Bitcoin is doing with
Proof-of-Work.

NXT supporters claim this has been solved by transparent forging. I don't know if that is true.

I don't want this to turn into another PoW vs PoS thread... needless to say,
I think those claims haven't been universally accepted, at least for now.

Zer0Sum
Legendary
*
Offline Offline

Activity: 1588
Merit: 1000


View Profile
May 18, 2014, 09:43:44 PM
 #5



It's all about the $$$...
And people are making a lot more $$$ with Alts.

Any decent Alt Index or basket of 10 quality, Gen 2.0 Alts...
Started outperforming BTC early this year... and will do so for the foreseeable future.

Alts spiked 50% versus stodgy BTC in the past week, baby.

Isn't this debate over?
jonald_fyookball (OP)
Legendary
*
Offline Offline

Activity: 1302
Merit: 1004


Core dev leaves me neg feedback #abuse #political


View Profile
May 18, 2014, 09:48:19 PM
 #6



It's all about the $$$...
And people are making a lot more $$$ with Alts.

Any decent Alt Index or basket of 10 quality, Gen 2.0 Alts...
Started outperforming BTC early this year... and will do so for the foreseeable future.

Alts spiked 50% versus stodgy BTC in the past week, baby.

Isn't this debate over?

Yeah right... Most alts follow the pump and dump pattern and then die a slow death.
The only alts that are doing well right now are NXT and darkcoin.

Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!