Yes that is the case.
Well, someone / something has to mine blocks zu keep the transactions moving. Would you run a miner for no rewards?
I think he was just looking for clarification.. whats with the defensive tone?
I think yogi pretty much clarified it. Going full PoS will indeed take out the original cap. BUT as for the coin keeps growing in numbers indefinitely? No. The rate of reward slowly declines every year. So it can't grow indefinitely. Because like yogi said, would you run a miner for no reward? .... What is with your defensive tone? Haha.
I didnt have one and Im not on the development team for this coin.. I think you can muster the self-control to answer questions in a non-snooty manner, no?
Neither did I, nor did he. I think your sticking your attitude in his, and my words. I was laughing because I was wondering why you said that. There was NO defensive tone. I think yogi said it well.
Come on now, guys'n'galz, let's keep it real!!
As Trinity said, I was just looking for clarification; I did not, however, detect a defensive tone from BJ124, so no worries there, eh?
Anyway (and this is directed at EVERYONE!) this slight misunderstanding serves to highlight a little issue which I believe is widespread within the digital currency community.
I am talking about the fact that this nascent industry is currently dominated by people who are proficient in technical matters related to computers and the internet generally, and to crypto in particular. That is inevitable; it is bound to be the case that the tech-heads will be the first to get to grips with this stuff, after all it is they who are creating it.
But (now listen very carefully
) digital currency can only realise its potential if it achieves widespread adoption; we all know that. What this means in practice is that it must be easily usable by the 99.999% of the population who are technically naive. You know, people like me.
The tech-heads often seem to overlook this fact. That they
understand this stuff, but that their target audience never will
They just have to be able to use
I can use a laptop. I have absolutely no idea how it works. And I don't care.
I couldn't produce a line of code (in any programming language) if my life depended on it. And I don't understand cryptography. But I do
understand that digital currency is the future, and I want to be a part of it.
Please just be aware that you are trying to 'sell' a strange new concept to a population that cannot speak your language.
And if I, a graduate-level financial accountant and long-standing Mensa member, have to ask questions, think how bamboozled the average Joe must be!
Not everyone out there is an idiot, of course. But for universal
adoption to be realised, a digital currency must pass the 'Homer Simpson Test'.
It must be easily usable
by the most technically inept people who ever buy a beer.
Please, just take that on board.