A big Thank You to Staking coin devs!

[funkenstein]

We've all heard a lot about proof of stake issuance.  People have discussed the pros and cons quite a bit.  Many security issues with the different implementations have been discussed, and remain outstanding. 

However it is only with recent developments of very high percentage staking coins that the truth has come out: this is a thinly veiled HYIP scheme designed to appeal to investors greed over their common sense.  At best, a gambling game that cannot last very long.   

I believe the developers of these coins deserve their winnings for teaching us a valuable lesson in what to avoid when designing a coin for long term stability and use in real commerce. 

[billotronic]

Hey now, you can't go grouping them all together. There are bad apples all over this place in all camps, its not just PoS.

[funkenstein]

Hey now, you can't go grouping them all together. There are bad apples all over this place in all camps, its not just PoS.

Good point.  I guess it is the massive inflation draw that I was referring to.  I think some coins even PoS with no inflation, but I'm not sure they call that staking when there is no reward.  I need to learn to hold my tongue and let these experiments play out.  We will learn what we have to from them in the long run. 

[readysalted89]

Hey now, you can't go grouping them all together. There are bad apples all over this place in all camps, its not just PoS.

Good point.  I guess it is the massive inflation draw that I was referring to.  I think some coins even PoS with no inflation, but I'm not sure they call that staking when there is no reward.  I need to learn to hold my tongue and let these experiments play out.  We will learn what we have to from them in the long run. 

Sometimes NXT gets called POS with no inflation, but they call staking with no reward (except transaction fees) forging instead of staking. All NXT coins were created in the genesis block and no new coins will ever be created.