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Author Topic: How can any POS coin have a Total Supply?  (Read 433 times)
biggee
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July 18, 2017, 10:54:41 AM
 #1

This maybe a dumb question, but I've searched high and low and I keep finding the the same answer.

"When coins switch to POS, no more new coins are created".

If that is the case, where are all the interest payments on coins that are staked coming from?

Surely those payments are simply being generated out of thin air (as POW has ended) which means that any POS coin can't have a Max Supply?

Or have I got this all wrong?
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July 18, 2017, 11:12:58 AM
 #2

This maybe a dumb question, but I've searched high and low and I keep finding the the same answer.

"When coins switch to POS, no more new coins are created".

If that is the case, where are all the interest payments on coins that are staked coming from?

Surely those payments are simply being generated out of thin air (as POW has ended) which means that any POS coin can't have a Max Supply?

Or have I got this all wrong?
as far as i konw, most POS including DPOS project produce new coins little by little, until to none, i think most project will not live so long as the stake disappeared

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biggee
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July 18, 2017, 12:13:56 PM
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So if that's the case POS coins are no different to POW coins other than the fact that they aren't using anywhere near as much electricity.

In fact, doesn't this make POS coins basically a ponzi scheme?

Surely only the early stakers are going to make any money and as soon as the staking stops paying out the network will die a death?

I totally get POW, even when the block reward ends as there are transaction fees, but POS viability just doesn't seem to have been explained in a way that makes sense to me yet.

Even if POS coins were to continue paying out staking rewards from transaction fees this still wouldn't work as there is no way of knowing how much will be generated from TX fees so no way of being able to guarantee a staking reward to investors.
bitcoinjesus2.0
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July 18, 2017, 04:13:50 PM
 #4

I totally get POW, even when the block reward ends as there are transaction fees

So POS IOTA has a DOUBLE whammy:

Whammy 1 = no new coins will be never ever created to feed the parasite miners
Whammy 2 = no transaction fees will be never ever generated to feed the parasite miners

Try to grasp THAT pebble...

What died first?

The (valuable) network or the (overpaid) miners?



But don't take MY word for it (nobody ever does):

http://www.coindesk.com/satoshipay-stop-using-bitcoin-blockchain-micropayments/

"We love bitcoin for its pioneering role in the creation of our industry, but some blockchain networks it inspired have evolved faster than bitcoin itself, so we decided to move on to superior technology."

Ayers
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July 18, 2017, 04:16:38 PM
 #5

So if that's the case POS coins are no different to POW coins other than the fact that they aren't using anywhere near as much electricity.

In fact, doesn't this make POS coins basically a ponzi scheme?

Surely only the early stakers are going to make any money and as soon as the staking stops paying out the network will die a death?

I totally get POW, even when the block reward ends as there are transaction fees, but POS viability just doesn't seem to have been explained in a way that makes sense to me yet.

Even if POS coins were to continue paying out staking rewards from transaction fees this still wouldn't work as there is no way of knowing how much will be generated from TX fees so no way of being able to guarantee a staking reward to investors.

every crypto is rewarding early adopters, not just pos coin, it's the same for every single altcoin, who coem early have more chance to do a higher return for his/her investment, pos coin isworse than pow i agree, but if the reward is very small can contribute early to acquire more investors, i only like pos coin that have an active pow and don't switch to full pos
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July 19, 2017, 03:59:43 AM
 #6

I believe once all the coins are in circulation, then the fractions charged to make a transaction would be going into the rewards.  Much like how once BTC hits it's limit, it will be running off the (Currently 0.005 BTC) per transaction that is charged.  I am hoping they fix that with the fork, as that price is too high atm.  If your network is actually functioning, then it can live off the transaction fees quite easily.  If on the other hand its just a bunch of people sitting on a pile of coins waiting to trade them one day, well that network will come crashing down when there no longer is any reward.

Check out Academy Coin @ https://academycoin.io
crazyivan
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July 19, 2017, 06:43:58 AM
 #7

Where did you get that statement about PoS not producing new coins cause it s obviously wrong.

Most of coins, including PoS, have total supply. But that does not mean the current number of coins in cicruclation is even close to the total supply. It s like saying the total number of XYZ coin will be 1000. However, the current number of coins available on the market is 300. The rest will be minerd/staked over the years.

If you re interested in PoS, my best recommendation is DMD Diamond. I have been staking it for over 3 years and it has brought me nothing but PROFITS. Let me know if you need more help.

Here is the link:

https://bitcointalk.org/index.php?topic=1931773.0

habraken
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July 19, 2017, 08:07:47 AM
 #8

With the first 100% PoS coin, NXT, the 'miners' only get the transaction fees that are in the blocks. All coins are in circulation, no new coins are created.
ArdiPrabowo
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July 19, 2017, 09:02:38 AM
 #9

this now pos coin is not popular
all dev or investor big interest is use etherum token
abou POS coin total suply is big, after all coin ready mined , coin price down and very low price

                                   
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