what? how would it end the coin? why would you say such nonsense? also, isn't there 50mil already distributed? so, 9 mil left right?... maybe remy can tell me. how many of the 9 mil have been distributed?
Hemm ...
What?
I think you've done a moment of confusion between POW and POS.
Generally the ProofOfWork is used in the initial phase of the
life of a crypto currency for the generation of the first block
or the distribution of the coins.
There are many types of distribution, but in a certain way there is
always a block of type POW, in extreme cases such as ICO + POS exists
at least one block, used for the pre-mine.
The POW has the disadvantage that to move forward, with time and
increasing difficulty, it requires continuously increasing energy and
dedicated devices, which effectively makes the activity of generation
of blocks expensive and concentrated in a few hands, see bitcoin.
In our case the initial phase POW, is long gone, there was then a
Phase 2 POW for an emergency, but this has been over for at least a year,
and as Shahim rightly said, there are now only blocks POS, and they can
not stop.
The ProofOfStake was the solution devised to produce blocks, created
initially in hybrid form for PPC as a possible alternative distributed
and at low-cost to the use of POW.
Unlike the POW, where the probability of generating a block is linked
to how many GigaHash your machine is able to generate, in the PoS is
the value of the stakes which provides greater probability, and to a
certain extent also the time that have remained static.
We must consider that the POS Gain, is not a gain due to the mere fact of
possessing a certain amount of money (like the interest on deposits in
the bank), but a reward for having done a job.
This work is to receive and aggregate the transaction in a new block,
which will remain eternally immutable and distributed among all the
other nodes, and at the same time validate the previous blocks.
If there were no new blocks would not be possible any transactions,
and if a currency is not exchangeable, IMHO it has no real value.
The reward for this work, in certain types of crypto coins, it is not
in proportion to what what you have, but it is a flat fee.
Even in some cases experimental, if I remember correctly, the reward
(POW or POS) is precisely zero, and the miner will receives only the
fees of the transaction.
Now I leave you to imagine how much should be high the fees of a currency
like Bitcoin, to cover the costs of production of the blocks only on the
basis of POW blocks, with rewards based only on fees.
Returning to the logic of the blockchain and reward, as the first consequences
we have two results, the blockchain is expected to grow forever, and on this
AFAIK there are no solutions, and the generation of new reward creates a
growing money supply, then inflation.
But this is a matter of economists and it is better that I am silent.
I know that DjSelery already knows all this, but occasionally repeat helps.
It also moves a little forum.
