Just got an idea on the POS.. does this mean that i am only earning 1% of my total coins every year?
for example a coins worth 1,000 USD will have an interest of 10 USD per year? and the wallet should be left unlock and let it go POS mining?
if that's the case it's a very low profit on holding the coins for a long period of time.. or maybe my understanding is incorrect.
please enlighten me.
Yeas only 1%-1.5% year.But note that other POW coins are spamed aroud like zerg zelings to eat BTC.
BC don't spam while it has 1% inflation, same time BTC have 10% inflation in 10-20 years it will be equal to BC.
But BTC inflation cause miners and so get nothing from it ? So why you should keep BTC ?(This is most fucked up part for me
)
I guess you belive it will get more value over time.Same is with BC.
But with BC you don't care that 1% inflation because you as owner get those 1% interest in BTC miners get cash from inflation not you.
Anyway if BC will be popular then winning a mining block will be most profitable eg. i have got 20,40,7 BC rewards in two days after BC mining phase has finished.
Good in BC is that you can get 1st steak after 8h low amount for me is better than wait 30 days and get more...
Your true income is hidden in low inflation and those money from inflation comes direct to owners so i reality you won't be affected by inflation like other POW coins.
1% inflation means when none will sell BC and you want buy all new produced BC you will need 2000BC-0,02BTC today to keep it price while Doge need 560BTC...
Do you see difference ?
I believe that BC can get much higher...BTW it is extremely fast coins 10-15s transaction. If i have to send BTC,LTC it is like turtle compare to BC.
Funny none talk about it.
