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Author Topic: Proof of Stake Coin List  (Read 48895 times)
omahapoker
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April 10, 2014, 04:04:31 AM
 #141

POS is the reason im into BC and MINT


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kysejoy
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April 10, 2014, 04:46:34 AM
 #142

probably a totally dumb question but if I don't ask I'll never know (and probably 100 other newbies that are too afraid to look dumb)

What happens when POS coins are held on an exchange?
Monetizer
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April 10, 2014, 04:54:48 AM
 #143

probably a totally dumb question but if I don't ask I'll never know (and probably 100 other newbies that are too afraid to look dumb)

What happens when POS coins are held on an exchange?

The exchange takes the PoS generally. Usually if you believe in a coin you should have it in your wallet anyway. If the coins arent in your wallet you don't really own them, they are like IOU's
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April 10, 2014, 05:00:47 AM
 #144

probably a totally dumb question but if I don't ask I'll never know (and probably 100 other newbies that are too afraid to look dumb)

What happens when POS coins are held on an exchange?

The exchange takes the PoS generally. Usually if you believe in a coin you should have it in your wallet anyway. If the coins arent in your wallet you don't really own them, they are like IOU's

Thanks, slowly, slowly I am learning Smiley
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April 10, 2014, 05:18:00 AM
Last edit: April 10, 2014, 11:49:31 AM by XBCplus
 #145

Bitcoin+ is Proof of Stake
marcus1986
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April 10, 2014, 07:34:29 AM
 #146

Nas is the 100% Proof-of-Stake (PoS) currency.  
What is NAS? It's a descendant of NXT and first working fork of NXT's source code.
Official Thread: https://bitcointalk.org/index.php?topic=523187.0
Official Website: http://nascoin.org/

Also it's 5 times cheaper that Nxt prices right after launch, before Dgex.





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April 10, 2014, 11:12:07 AM
 #147

Why would anyone buy a nxt clone, if you could buy original? What dies it offer over first Gen?

paardenkip
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April 10, 2014, 07:03:51 PM
 #148

POS is the future of cryptocurrency!

My top 3

1. PhilosopherStone - PHS
2. HoboNickel - HBN
3. Blackcoin - BC

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April 10, 2014, 07:04:32 PM
 #149

Blackmon 1% POS yearly rate? No thank you, try Tekcoin xD

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April 16, 2014, 06:36:52 AM
 #150

Some of the really fantastic PoS coins have very high pricetags at this point, making them risky. Zeitcoin and ECCoin both pay 25% and can be stacked for only a few satoshis each. Both are PoW/PoS hybrids and both now have or will soon have very low PoW distribution(Zeitcoin is 1/block currently).

Zeitcoin:
https://bitcointalk.org/index.php?topic=487814.0

ECCoin:
https://bitcointalk.org/index.php?topic=503236.0
mhps
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April 16, 2014, 07:09:37 AM
 #151

The purpose of POS is to secure the network. POS reward is paid to secure the network by minting. High % return of POS is just a self-diluting game that puts a downward pressure on the coin's price, hence doesn't offer real return as "interest".




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solarion
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April 16, 2014, 07:18:29 AM
 #152

The purpose of POS is to secure the network. POS reward is paid to secure the network by minting. High % return of POS is just a self-diluting game that puts a downward pressure on the coin's price, hence doesn't offer real return as "interest".

What about this? Is this paragraph also correct in your opinion?

The purpose of POW is to secure the network. POW reward is paid to secure the network by minting. High block reward of POW is just a self-diluting game that puts a downward pressure on the coin's price, hence doesn't offer real return.


iopq
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April 16, 2014, 07:36:49 AM
 #153

The purpose of POS is to secure the network. POS reward is paid to secure the network by minting. High % return of POS is just a self-diluting game that puts a downward pressure on the coin's price, hence doesn't offer real return as "interest".

What about this? Is this paragraph also correct in your opinion?

The purpose of POW is to secure the network. POW reward is paid to secure the network by minting. High block reward of POW is just a self-diluting game that puts a downward pressure on the coin's price, hence doesn't offer real return.



yes, this is correct
the problem with bitcoin is 5% inflation right now is a little bit high

it doesn't offer any advantage over 2% inflation security-wise other than giving ASIC miners a higher stake in the game
Kergekoin
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April 16, 2014, 08:46:10 AM
 #154

The purpose of POS is to secure the network. POS reward is paid to secure the network by minting. High % return of POS is just a self-diluting game that puts a downward pressure on the coin's price, hence doesn't offer real return as "interest".

What about this? Is this paragraph also correct in your opinion?

The purpose of POW is to secure the network. POW reward is paid to secure the network by minting. High block reward of POW is just a self-diluting game that puts a downward pressure on the coin's price, hence doesn't offer real return.



yes, this is correct
the problem with bitcoin is 5% inflation right now is a little bit high

it doesn't offer any advantage over 2% inflation security-wise other than giving ASIC miners a higher stake in the game

If you want to use fancy words like "inflation", then better make sure that you know what it means.
Heres wiki for you.
http://en.wikipedia.org/wiki/Inflation

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upekha
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April 16, 2014, 10:30:20 AM
 #155

NEMs gonna be POI, holymoly!

NEM - New Economy Movement
griffinriz
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April 16, 2014, 11:17:42 AM
 #156

NHZ ,Distribution still going on.
mhps
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April 17, 2014, 01:19:14 AM
 #157

The purpose of POS is to secure the network. POS reward is paid to secure the network by minting. High % return of POS is just a self-diluting game that puts a downward pressure on the coin's price, hence doesn't offer real return as "interest".

What about this? Is this paragraph also correct in your opinion?

The purpose of POW is to secure the network. POW reward is paid to secure the network by minting. High block reward of POW is just a self-diluting game that puts a downward pressure on the coin's price, hence doesn't offer real return.

That is fine, but irrelevant to this thread which is about POS coins.

POS is a way to secure the network without spending a huge amount of energy hashing. POS reward marging, after sufficient adjustment by the market, will be extremely thin because it really doesn't take a lot to secure a POS network. Any extra reward will used to lower the price of the coin, canceling out the gain. So using POS reward to get rich is not going to work.

Using POS coins to store value is highly likely to work -- POS is very efficient at keep its coin network running.




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)(.
)
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(((((((   MOBILE APP [ ANDROID / IOS ]   )))))))
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solarion
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April 17, 2014, 01:34:44 AM
 #158

The purpose of POS is to secure the network. POS reward is paid to secure the network by minting. High % return of POS is just a self-diluting game that puts a downward pressure on the coin's price, hence doesn't offer real return as "interest".

What about this? Is this paragraph also correct in your opinion?

The purpose of POW is to secure the network. POW reward is paid to secure the network by minting. High block reward of POW is just a self-diluting game that puts a downward pressure on the coin's price, hence doesn't offer real return.

That is fine, but irrelevant to this thread which is about POS coins.

POS is a way to secure the network without spending a huge amount of energy hashing. POS reward marging, after sufficient adjustment by the market, will be extremely thin because it really doesn't take a lot to secure a POS network. Any extra reward will used to lower the price of the coin, canceling out the gain. So using POS reward to get rich is not going to work.

Using POS coins to store value is highly likely to work -- POS is very efficient at keep its coin network running.

I don't know if you've noticed but all mining margins have contracted significantly recently.
RavenWing71
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April 27, 2014, 09:42:19 AM
 #159

Another Proof-Of-Stake Coin -- AsiaCoin -- http://theasiacoin.com/

Claims first year 100%

From source code at https://github.com/AsiaCoin/AsiaCoin/blob/master/src/util.h
Code:
static const int64 COIN = 1000000;

From source code at https://github.com/AsiaCoin/AsiaCoin/blob/master/src/main.h
Code:
static const int64 MAX_MONEY = 360000000 * COIN; // 36 mil
static const int64 MAX_MINT_PROOF_OF_STAKE = 0.10 * COIN; // 10% annual interest

From source code at https://github.com/AsiaCoin/AsiaCoin/blob/master/src/main.cpp
Code:
unsigned int nStakeMinAge = 60 * 60 * 24 * 14; // minimum age for coin age: 14d
unsigned int nStakeMaxAge = 60 * 60 * 24 * 365 * 10; // stake age of full weight: 10y
unsigned int nStakeTargetSpacing = 60; // 60 sec block spacing
Code:
const int YEARLY_BLOCKCOUNT = 525600; // 365 * 1440
int64 GetProofOfStakeReward(int64 nCoinAge, unsigned int nBits, unsigned int nTime, int nHeight)
{
    int64 nRewardCoinYear;
nRewardCoinYear = MAX_MINT_PROOF_OF_STAKE;

if(nHeight < YEARLY_BLOCKCOUNT)
{
nRewardCoinYear = 7.15 * MAX_MINT_PROOF_OF_STAKE; //due to the compounded interest
}
else
{
nRewardCoinYear = MAX_MINT_PROOF_OF_STAKE / 5;
}

    int64 nSubsidy = nCoinAge * nRewardCoinYear / 365;
if (fDebug && GetBoolArg("-printcreation"))
        printf("GetProofOfStakeReward(): create=%s nCoinAge=%"PRI64d" nBits=%d\n", FormatMoney(nSubsidy).c_str(), nCoinAge, nBits);

    return nSubsidy;
}
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April 27, 2014, 10:11:36 AM
 #160

you need to include coin destruction as well eg peercoin destroys coins per transaction. This effects overall inflation and coin dynamics

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