with the steady rise of LTC why not implement a POS

[nonbody]

why dont the devs of LTC simply change the code to allow for POS, surely this would push the price up eve further

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[spazzdla]

why dont the devs of LTC simply change the code to allow for POS, surely this would push the price up eve further

How would it push the price up?

[nonbody]

people would want to buy more and sell less, supply and demand.....

[nonbody]

couldnt you have a pos and POW hybrid?

[DaveyJones]

OP sounds like a greedy get rich quick guy

[nonbody]

rofl was just a suggestion, how does it make me a greedy person?

[MisO69]

No! Leave LTC alone, its perfectly fine being the no.2 crypto and pow.

[nonbody]

apologizes , was just wondering why it hadn't been done, IE what are the negatives of implementing a POS peroid

[spazzdla]

rofl was just a suggestion, how does it make me a greedy person?

You want to change the code for the sole reason to make money........................................

[spazzdla]

apologizes , was just wondering why it hadn't been done, IE what are the negatives of implementing a POS peroid

You'd need to hard fork.. that is not taken lightly, you'd change the supply a HUGE change... not many ppl would like that at all.


Don't take the aggression personally eh!

[nonbody]

fair enough

[kevindurant]

why dont the devs of LTC simply change the code to allow for POS, surely this would push the price up eve further

That's one of the worst suggestions I've read this year. We like LTC with their POW, staking is against Bitcoin logic. If you like pos' and masternodes please go to other coins. There are multiple pos/mn shitcoin in altcoin announcements board.

[o0‡0o]

Lol, OP complete clueless.
Would you pay top Dollar and buy a gold/silver mine which is mined empty? Would you make large investments and buy machinery when you could only get leftovers out?

[nonbody]

Lol, OP complete clueless.
Would you pay top Dollar and buy a gold/silver mine which is mined empty? Would you make large investments and buy machinery when you could only get leftovers out?
OP must be a benefit recipient and firmly believes to get everything for nothing.

no need to be rude, was just a question. i understand what you are hinting at. although this is the internet there is no need to be a complete A hole 
PS thanks for explaining

[spazzdla]

I agree there is no need for rudeness.  Be kind to the new ones.