Why none of pos coin successful?

[Troonetpt]

Why none of pos coin is successful?
As we see, PPC once is in the third place in the coinmarketcap, but now, it's out of top 10.

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[andulolika]

Have you ever heard about clams? They doing great and the price is stable, not to mention that has a support that most of the altcoins dont count with.

[bathrobehero]

With PoW there's a cost associated with producing a coin with mining equipment and electricity so miners won't sell their coins any cheaper than that which creates a floor price. With PoS there is no cost of production, you just have to own and hold coins which also means that everybody can stake their coins.
Another significant difference is that newly generated PoS coins are going to people who are already holding the coins as a reward. That is generally not true for PoW. And more coins mean inflation so in essence PoS coins are rewarding stakers with free coins at the cost of inflation. Personally it doesn't make sense to me why anyone would invest into PoS coins especially considering the average lifespan of coins and how rapidly things change in crypto - but that's jut me.

[CoinBuzz]

Do you know any POW coin that is successful ?

[tokeweed]

Do you know any POW coin that is successful ?

Yup, you have a point.  Bitcoin can't be considered a total success yet.

[wunkbone]

With PoW there's a cost associated with producing a coin with mining equipment and electricity so miners won't sell their coins any cheaper than that which creates a floor price. With PoS there is no cost of production, you just have to own and hold coins which also means that everybody can stake their coins.
Another significant difference is that newly generated PoS coins are going to people who are already holding the coins as a reward. That is generally not true for PoW. And more coins mean inflation so in essence PoS coins are rewarding stakers with free coins at the cost of inflation. Personally it doesn't make sense to me why anyone would invest into PoS coins especially considering the average lifespan of coins and how rapidly things change in crypto - but that's jut me.

TransitCoin will change the views of users about POS coin. It will have a floor price of 1$ we will always buy back it and user will be able to mine it on our pool using virtual mining contracts :-)

Please visit:

https://bitcointalk.org/index.php?topic=1057084.new#new

[tokeweed]

^ LOL, can't we get a discussion without people shilling their bullshit coins in here?  Thanks for the laugh though.

[thebenjamincode]

i think its because of there are so many POS coin to choose from and there are also lots of scams happening
that's why investors loose interest on POS

[gjhiggins]

With PoW there's a cost associated with producing a coin with mining equipment and electricity so miners won't sell their coins any cheaper than that which creates a floor price. With PoS there is no cost of production, you just have to own and hold coins which also means that everybody can stake their coins.
Another significant difference is that newly generated PoS coins are going to people who are already holding the coins as a reward. That is generally not true for PoW. And more coins mean inflation so in essence PoS coins are rewarding stakers with free coins at the cost of inflation. Personally it doesn't make sense to me why anyone would invest into PoS coins especially considering the average lifespan of coins and how rapidly things change in crypto - but that's jut me.

Damn, why isn't there a “follow” button on this BBS? That's three people I've encountered now who are also from planet Earth, I was beginning to think I was the only one.

Cheers

Graham

[Daedelus]

Another significant difference is that newly generated PoS coins are going to people who are already holding the coins as a reward. That is generally not true for PoW. And more coins mean inflation so in essence PoS coins are rewarding stakers with free coins at the cost of inflation. Personally it doesn't make sense to me why anyone would invest into PoS coins especially considering the average lifespan of coins and how rapidly things change in crypto - but that's jut me.

You assume all POS algo's have inflation, which isn't the case.

[MicroGuy]

Why none of pos coin is successful?
As we see, PPC once is in the third place in the coinmarketcap, but now, it's out of top 10.

I assume by success you mean marketcap ranking. These winners will not be determined by mining algorithms. Traders and investors generally don't look at code when making financial decisions.

[Adderral]

There are plenty of pos coins still alive and well. Few have failed and so have pow coins. I don't think being #1 on market cap is the only way to see success. Dogecoin probably has more users than BTC but its value is as much. More people own Doge than BTC. In that case Doge is more successful. 

[bathrobehero]

Coinmarketcap is a completely useless number - or at least wildy overestimated or misunderstood in my opinion.

As fluctuating as the daily trading volume is, it still has way more merit imo (top15 by cap):

Code:

Name		Market Cap	Volume (24h)
Bitcoin		$ 3,300,989,269	$ 17,898,000
Ripple Ripple	$ 195,495,080	$ 1,409,630
Litecoin 	$ 56,792,579	$ 626,938
Dash 		$ 15,160,661	$ 34,191
Stellar		$ 12,840,329	$ 43,370
Dogecoin 	$ 11,838,137	$ 178,075
Nxt 		$ 10,795,969	$ 212,975
BitShares	$ 10,082,123	$ 75,738
MaidSafeCoin 	$ 8,190,701	$ 8,394
BanxShares	$ 7,509,542	$ 13,836
Peercoin 	$ 7,429,548	$ 126,694
Monero		$ 4,104,122	$ 95,280
Namecoin	$ 3,908,745	$ 25,407
Bytecoin	$ 3,803,262	$ 6,957
Infinitecoin	$ 3,188,527	$ 32,529

[shanem]

I don't see any pos coin being very successful.
Maybe it is because due to the lack of real world users using the coin and these coins are mostly for pump and dump purpose only.

[Flyskyhigh]

Mintcoin "MINT" is successful. Its a great PoS coin.

[Djinou94]

Mintcoin "MINT" is successful. Its a great PoS coin.

Lel

[TheMystic]

With PoW there's a cost associated with producing a coin with mining equipment and electricity so miners won't sell their coins any cheaper than that which creates a floor price. With PoS there is no cost of production, you just have to own and hold coins which also means that everybody can stake their coins.
Another significant difference is that newly generated PoS coins are going to people who are already holding the coins as a reward. That is generally not true for PoW. And more coins mean inflation so in essence PoS coins are rewarding stakers with free coins at the cost of inflation. Personally it doesn't make sense to me why anyone would invest into PoS coins especially considering the average lifespan of coins and how rapidly things change in crypto - but that's jut me.

TransitCoin will change the views of users about POS coin. It will have a floor price of 1$ we will always buy back it and user will be able to mine it on our pool using virtual mining contracts :-)

Please visit:

https://bitcointalk.org/index.php?topic=1057084.new#new

We've heard that one before.

[kelsey]

Do you know any POW coin that is successful ?

+1 reply of the day 

[HKBvM]

With PoW there's a cost associated with producing a coin with mining equipment and electricity so miners won't sell their coins any cheaper than that which creates a floor price. With PoS there is no cost of production, you just have to own and hold coins which also means that everybody can stake their coins.
Another significant difference is that newly generated PoS coins are going to people who are already holding the coins as a reward. That is generally not true for PoW. And more coins mean inflation so in essence PoS coins are rewarding stakers with free coins at the cost of inflation. Personally it doesn't make sense to me why anyone would invest into PoS coins especially considering the average lifespan of coins and how rapidly things change in crypto - but that's jut me.

I have heard that floor price argument quite alot, and most of the time people get it wrong (I am not saying you do, I dont know).

Economically the costs at which the coins were produced are irrelevant. The only thing that matters are the costs to reproduce the same coins in the moment of selling. Thats the first thing so many people fail to understand when asking what the mining costs of a coin were. I admit there is a psychological barrier to sell at a loss once you have mined which might create a temporary floor, but not for long. Its not like we havent seen miners sell at a loss before.

So what matters are the current production costs , not former costs, which means the current hashrate. For me mining a coin is just another form of demand. I can either buy a coin directly or chose to mine it. In case of POS coins, mining is not an option, so all demand is manifesting as demand on exchanges. I really cant see why the possibility of mining a coin - if you accept what I just wrote - does add any floor. POW coins can just die as POS coins can die.

I also really dont see the problem that staked coins go to those that already have coins, unless of course we are talking about one of those 250%+ coins, but we will all agree that those are more for fun/gambling/ripping off people and irrelevant in the long run.

The average lifepsan of a POS coin is pretty short, but the same is true for many POW coins. There are quite a few POS coins in the top 30. That the top ten is heavily dominated by POW coins might have something to do with the first-mover advantage (its not like the second doesnt have an advantage over the third and so on, just smaller). If I am not mistaken the top ten is not so much dominated buy POW, but by older coins - that all used to be POW coins. Feel free to correct me here as I am not entirely sure here.   

[wunkbone]

^ LOL, can't we get a discussion without people shilling their bullshit coins in here?  Thanks for the laugh though.

May i please know what's your definition about bullshit coin. Prior making mind set try to analyze things properly