@RichardMiner
I think most PoS haters have arguments like "PoS coins are instamined scam" (wouldn't apply to UTC then), or just the fact that they cannot make profit with mining and dumping.
We've seen here that reducing the block-reward didn't have the desired effect, looks like it just reduced the number of miners.
If I calculated it right, we have a coin supply of 72000 UTC per day, which must be bought if dumped or hold by the miners to maintain
the coin value, and full PoS coins with much less coin-supply per day have problems to hold their value.
72000UTC are ca. less then 2BTC per day ATM that sounds not much, but thats 14BTC a week 60BTC per month just to hold the current value.
But you're right RichardMiner, it might be just Abracadabra like reducing the block-reward cause it will not solve all the problems.
Even without inflation, UTC needs more demand to get back up, but at least PoS should make it a bit easier to hold the value.
I believe the future of PoW ist just to distribute a coin, and the only way to mine profitable ATM is to mine a PoS coin in PoW phase and dump it at the right time.
At least at the electricity prices here, securing a PoW coin isn't much profitable, so the future of PoW is questionable IMHO.
Thats all IMHO, I might be wrong but I believe full PoS is the future for the Altcoins.
Alex
PS:
The only CON I see with full PoS is that we didn't get the attention of miners anymore, but as said I think this will be just a matter of time anyway...
When I heard the rumors yesterday about UTC going full pos it gave me goose bumps and I get a little exited.
I agree with several statements posted here before.
The management team needs to do something big.
But the famous One million Dollar question is : “What kind of big things” ?
UTC has to fight and concur here place between the hundreds of coins out there and is in need of more gamblers, traders and investors who put their precious money to UTC.
To concur this place is a very hard job to do.
We can all agree that the awareness and the demand of UTC in the market is too low for a long time now, just as the amount of miners is too low for some time.
The last month UTC is getting lower and lower.
Some time ago we also noticed that going from 50 to 15 block rewards did dent do what was expected.
And even now we see that a great pool as Multipool doesn’t help UTC enough going up.
Yes strange! But true.
So what kinds of “big things” are still possible for UTC? What kind of special or new innovations are there?
In my humble opinion, there is nothing more possible because UTC does already everything;
It is Asic resistant.
It is Ultra-Fast.
It has a strong Dev team.
It has a great community.
It has hopefully soon the Mincraft plugin and a android wallet.
But unfortunately all this plus points did dent helped UTC going to the top 5 and stayed there.
So how the hell then we can we attract more traders, buyers and investors?
What more innovations could there be at this moment for UTC?
I guess none other innovation than just going full pos!
Without looking at arguments of the possible full pos opponents there are in my opinion more benefits for UTC to go pos.
It is simple : Less coins. Pos minting. More exclusive. More demand. And (hopefully) higher prices. Bigger future.
With al this saying here I am very curious towards an official statement of our management team.
Is going full pos for UTC a rumor or are you considering this seriously?
