@bitpop
Do you agree with ETC going 100% POS if ETH takes that route, or is remaining POW or a POS/POW hybrid solution on the table at all?
Afaik I know etc will stay pow and I don't support pos, pos is a ponzi
Where is the difference of taking 1000 bucks buying ETH/ETC for POS or taking the same bucks buying hardware for PoW. Both "Ponzi"
You gain in both cases... just buying hardware is wasting energy and resources so that you have less in the end.
Pos creates oligarchs that need constant new investors just like a ponzi, hardware gets obsolete
With equal investors:
- If POS does not create new tokens (like NXT), price and market cap stays the same.
- If POS does create new tokens (by %) the market cap will stay the same and the price goes down by the very %.
Thats called inflation and used to be the same with fiat. You put it on a bank, which gives you about 2% interest, while the inflation was 2%, so you were safe, if you put it on the bank. You just lost, if you didn't put it on the bank but left it below your pillow.
If new investors come into that system, its raising like it does with PoW. There is no difference.
Just with PoW you need constant investment, to keep your savings or buy hardware. Because your percentage of the cake shrinks...