benjy33 (OP)
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Activity: 1339
Merit: 1002
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January 28, 2016, 03:32:12 PM |
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for redeveloping pow , but with other conditions speed Connection Time etc , it must be equal to the miners or earning much large mining or very little those with less power that would encourage community I think I , item and ico not I see a future plan for this, do not make any sense to buy some coins and take them into a portfolio without knowing if the next day will be 1 satosis portfolio or just stops working
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craslovell
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Activity: 1470
Merit: 1021
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January 28, 2016, 04:09:40 PM |
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Umm, Peercoin anyone? Kinda solves these problems. The original PoS coin, it's been solid this whole time. No fancy ICO stuff or anything like that. Its from back in the day ya know, where people weren't just looking for their next scheme to steal money from people..
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c0ffer
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January 29, 2016, 02:56:18 PM |
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POS is a good system technologically, especially in the absence of better (completely different) solutions.
ICO works for certain types of distribution but not for others, it depends on the objectives of the coin/token.
The problems lie with the motivation behind the creation of a coin/token.
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davien
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January 29, 2016, 04:01:37 PM |
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I don't think so that there is a problem with pos coins. If the coins are distributed fairly then no problem. This method gives the chance to that people who don't have a mining rig.
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Dodnastes
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Activity: 58
Merit: 0
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February 09, 2016, 09:26:31 AM |
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POS is a good system technologically, especially in the absence of better (completely different) solutions.
ICO works for certain types of distribution but not for others, it depends on the objectives of the coin/token.
The problems lie with the motivation behind the creation of a coin/token.
ICO worked well for Ethereum. It makes sure the developer team have enough money to do the work. ICO for scam coins are bad. |
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hotsurfing
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Activity: 105
Merit: 10
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February 09, 2016, 10:28:37 AM |
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More POS and POW/POS, pure POW should die  Won't somebody please think of the children? The shittie Bitcoin experiment is over people |
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MedaR
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Activity: 2380
Merit: 1026
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February 09, 2016, 03:28:12 PM |
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I hate those ICO IPO coins!
And from my experience(few years in crypto) i'm convinced they are alway worst scams! And people don't realize that they are supporting to these madness every time they bought those coins.
Pos or Pow , i dont care, those with miners will tell you they hate pos coins, i wonder why?
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jacko0088
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February 09, 2016, 04:27:35 PM |
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Miners like me, hates High POS because we are getting crazy to mine when other people simply buy and wait!  |
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davien
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February 10, 2016, 03:16:33 PM |
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i understand that you don't like ico. but what's the problem with pos coins?
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spartacusrex
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February 10, 2016, 05:17:21 PM |
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ok... not that I want to rain on anyone's parade... but..
I think there are huge misunderstandings about POS vs POW.
What I mean is this :
If you have a POW coin, the money spent on POW by the miners, gives the mined coins a price floor. In the long run, miners cannot sell for less or they will go out of business. Simple. Just like real miners mining Gold.
POS is FREE! (comparatively) Yipee!.. BUT.. there is no price floor.
A POW network, cannot be replicated with the same security, unless you also have all the hashing power as well. Costs a lot. This is important.
A POS network, can be replicated with exactly the same security. Costs almost nothing.
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I like them BOTH, but they play very different roles in the crypto scheme of things..
The issue seems to be that no-one has come up with a way of distributing POS coins without an IPO / ICO.
For instance, you could, if you wanted, just hand them out evenly to every 'Legendary' Bitcointalk user.. Would that annoy people less ?
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Life is Code.
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davien
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February 11, 2016, 02:58:50 PM |
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I don't think so that POS is free. You also have to keep your computer turned on, that uses CPU, GPU, everything, so it's not free.
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fortunecrypto
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Activity: 2450
Merit: 1047
thecryptocurrency.directory
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February 11, 2016, 03:15:31 PM |
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Proof of Stake will eventually overtake Proof Of Work and all that waste of energy. Tech is moving forward.I'm not against PoW I mine BTC myself but PoS is for everyone PoW is not.
I agree with you not every one have the hardware to mine coins,that s why big only big companies can concentrate mining and gets hold of the big shares,while pos coins ,holders has shares on the future of the coins.. |
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Rotator
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February 11, 2016, 03:26:00 PM |
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Proof of Stake will eventually overtake Proof Of Work and all that waste of energy. Tech is moving forward.I'm not against PoW I mine BTC myself but PoS is for everyone PoW is not.
I agree with this statement POW is waste of electric power and energy! But i'm against ICO , those are mostly scams! I don't know why people falling on those dirty tricks? |
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davien
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February 11, 2016, 03:48:49 PM |
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Proof of Stake will eventually overtake Proof Of Work and all that waste of energy. Tech is moving forward.I'm not against PoW I mine BTC myself but PoS is for everyone PoW is not.
I agree with you not every one have the hardware to mine coins,that s why big only big companies can concentrate mining and gets hold of the big shares,while pos coins ,holders has shares on the future of the coins.. That's why i support many POS coins |
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Satlite
Jr. Member
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Activity: 53
Merit: 1
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February 11, 2016, 03:52:53 PM |
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After long term of PoW, say 3 years, I think it is OK to be PoS. PoW can dilute the value of the developer's coin and distribute the coins fairly.
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davien
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February 11, 2016, 04:03:45 PM |
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After long term of PoW, say 3 years, I think it is OK to be PoS. PoW can dilute the value of the developer's coin and distribute the coins fairly.
Just very few coins live for 3 years  |
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Dodnastes
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Activity: 58
Merit: 0
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March 03, 2016, 04:15:59 PM |
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After long term of PoW, say 3 years, I think it is OK to be PoS. PoW can dilute the value of the developer's coin and distribute the coins fairly.
Just very few coins live for 3 years That is right. Most of the coins are just scams. They are created to scam people. I think we will not touch those coins. |
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cryptohunter
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Activity: 2100
Merit: 1167
MY RED TRUST LEFT BY SCUMBAGS - READ MY SIG
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March 03, 2016, 04:24:46 PM |
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POW is the only fair distribution model if done correctly with full announcement and no instamine settings.
ICO = total abuse and gaming in so many ways it's hard to even set out a group of guidelines to ensure it's fair.
1. it turns out to be a scam with no tech behind it and they run with the btc and dump their coins
2. it's good tech with insta ICO for devs and a few pals (let a few members get some to help pump it)then talked up and pumped on here whilst being withheld from exchange to build hysteria. Then released for 50x ICO price. Then dumped and new project started later.
POS? who cares - if the distribution is fair it does not matter about the POS so much unless it's a crazy %
Couldn't vote since i wasn't sure what 1 and 2 indicated.
POW only - boycott other methods unless extreme measures to show ICO was well handled.
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stoat
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March 03, 2016, 04:37:51 PM |
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Yet another thinly veiled anti ethereum FUD thread. Bagholders will be bagholders.
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| FREEDOMRESERVE | Free currency for the British Isles
Visit our website for more info
<-- Click here! | | FREEDOMRESERVE By the People and for the People |
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cryptohunter
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Activity: 2100
Merit: 1167
MY RED TRUST LEFT BY SCUMBAGS - READ MY SIG
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March 03, 2016, 05:06:50 PM |
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Yet another thinly veiled anti ethereum FUD thread. Bagholders will be bagholders.
You are completey out of control with ETH. I don't see this as anti ETH at all. Their ICO was actually done rather well in comparison to others. Everyone had a long time to decide whether to get in or not. I did not and now see it as a HUGE error financially. Never mind though there will always be new opportunities. Some ICO were and still are totally rigged from the start. POW is far easier to ensure fair distribution. |
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