What if BTC had a POS rate to compensate for all the ones lost inevitably?

[precrime3]

Was thinking to myself yesterday and all the people that accidentally threw away there hard drive, deleted there wallet.dat, etc. What if BTC had a POS rate (very low) of like 1% a year or something like that to compensate for the BTC forever lost in the block chain? I realize that BTC is a deflationary kind of currency, but how would things look if it were inflationary (albeit very little)

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[cosmofly]

Was thinking to myself yesterday and all the people that accidentally threw away there hard drive, deleted there wallet.dat, etc. What if BTC had a POS rate (very low) of like 1% a year or something like that to compensate for the BTC forever lost in the block chain? I realize that BTC is a deflationary kind of currency, but how would things look if it were inflationary (albeit very little)

Not possible, bitcoin is pure proof of work
 

You're talking about Peercoin

[precrime3]

Was thinking to myself yesterday and all the people that accidentally threw away there hard drive, deleted there wallet.dat, etc. What if BTC had a POS rate (very low) of like 1% a year or something like that to compensate for the BTC forever lost in the block chain? I realize that BTC is a deflationary kind of currency, but how would things look if it were inflationary (albeit very little)

Not possible, bitcoin is pure proof of work
 

You're talking about Peercoin

That is why this is under speculation

[cosmofly]

Was thinking to myself yesterday and all the people that accidentally threw away there hard drive, deleted there wallet.dat, etc. What if BTC had a POS rate (very low) of like 1% a year or something like that to compensate for the BTC forever lost in the block chain? I realize that BTC is a deflationary kind of currency, but how would things look if it were inflationary (albeit very little)

Not possible, bitcoin is pure proof of work
 

You're talking about Peercoin

That is why this is under speculation

Thats not speculating, its just bullshit.

[precrime3]

How? All i did was ask a question please explain 

[Dotto]

Cosmofly is a well known troll of this forum, don´t let him fool you, better push the ignore buttom as wise man do in this gardens

[precrime3]

Cosmofly is a well known troll of this forum, don´t let him fool you, better push the ignore buttom as wise man do in this gardens

Thanks for tip, he is ignored.

[aminorex]

PoS creates rentiers.  Do not want.  PoS should be a last resort in case of PoW mining breakdown.  Issuing coins is redundant anyhow - deflation rewards stakeholders equally as does PoS.

[im3w1l]

PoS creates rentiers.  Do not want.  PoS should be a last resort in case of PoW mining breakdown.  Issuing coins is redundant anyhow - deflation rewards stakeholders equally as does PoS.

Actually no. Consider the extreme case where you get 100 times your original money every new years eve. Now, not just you will have 100 times your original, everyone else will too. If you have a bitcoin now, that is exactly equivalent to having had a bitcent before. All it amounts to is a change of units.
In this light, what we essentially do is reduce the value of lost/nonmined coins by 99% every year.
No wealth is transferred from the have-nots to the haves.

[Mervyn_Pumpkinhead]

PoS is actually an more advanced idea then PoW. PoW mining is a fools game where hardware production and electricity is traded for bitcoins, but the trade doesn't bring a single benefit to the PoW network. No security gained, no faster transactions gained, nothing is gained. PoW mining is a game for greedy fools who won't stop to think if they are doing anything that matters or they are just fueling on an empty hype. PoW only made sense before Pools and ASICs.
Peercoin and Primecoin are both interesting coins. I will in all probability buy some of both, when this downtrend will finally have a proper grand finale and it will stand on solid ground.