Topic: ANN - LEOcoin - Official announcement regarding LEOcoin from LEOcoin Foundation - page 30. (Read 88371 times)

Please feel free to enlighten us ...

I think time to wait! Got some fantastic news today from my source!!! Wtf omfg😎😎😎😎😎💶💶💶💶💶💶💶💶

What will happen is that no one will be buying... Maybe you can sale 500k and then it is game over.

Shit happen.... I got 200k and i know one guy hold 800k and another guy hold 250k and some other too! If we allstart to sale then i really dont know what will happen with price!?

I really don understand LEO!!! Look like its better time to sale leocoin at 0.10$ and invest in eth,augur,slockit and some other coins that keep rise!👍🏼

And i dont understand you   You are right, there are coins out there that will make you money, sadly LEO is not one of them. But in a few days i bet you will be all hype bout LEO again and buying a bulk of 1M LEO coins.... Better invest that money somewhere else....Leo is just gonna swallow your cash ...BUT you can do what ever you like, after all, it is your money.

I really don understand LEO!!! Look like its better time to sale leocoin at 0.10$ and invest in eth,augur,slockit and some other coins that keep rise!👍🏼

 

Sure it is...and X4...X5.....Leo business....as usual....

....x3 is comming guys 👍🏼

If you think about the general principal behind proof-of-work, you have money in the real world, you take it and use it to buy miners and then miners produce blocks basically in proportion to how much money you have. If the algorithm manages to be ASIC resistant for a long time then it could be a bit more democratic than that but ASIC resistant proof-of-work is even more controversial than proof-of-stake which is where we are at now.

The idea with proof-of-stake is that you have virtual money inside the system in order to buy virtual miners and the system basically simulates the mining. It simulates the fact that if you have five virtual miners and there are 500 total you are going to get 1% of the blocks. In reality, proof-of-stake systems don’t quite work that way but from an economic perspective, it kind of works like that.

So, the basic principal is that in proof-of-stake, because everything is virtual and simulated, you basically control the laws of physics of the system and because of that, you can set the laws of physics to be whatever you want. So you can make sure it provides an optimal level of security. That is kind of the 101 theoretical and philosophical argument for it.

More concretely, it is kind of obvious that simulated miners don’t burn any actual electricity and there are definitely some capital lock up costs for people who are participating in the system by purchasing these virtual miners. There are basically opportunity costs, because if you have 10,000 …  and you lock up 3,000 of them in order to do proof-of-stake voting, for that particular period of time, you won’t be able to use that 3,000 … . But if you do the economic math, even though those effects are real, they are much less than the effects of actually spending 3,000 on a physical miner. Second of all, there are less risk that you’ll run into problems that prevent the miner from actually producing value.

Third, there is an interesting argument that if you take half of the supply of money and get rid of it, the remaining half should theoretically become worth twice as much. What that means is that if I have a $100 bill and I actually burn it, inflation should go slightly down and everyone’s money should be worth very slightly more and in an economic equilibrium, the increase should be equal to $100 spread across the remaining economy.

In a proof-of-stake context, if people lock up half … , even though that is an inconvenience to them, at the same time it will make everyone else’s … more valuable so [the effect of the opportunity cost and the deflation] might cancel each other out.

Since proof-of-stake is a closed system, you have all these opportunities to control costs and as new ways are discovered, you can adopt them. My estimate is that you can get the same security as proof-of-work with a thousand times less cost.

All is fine with LEObit. Dont panic.
Coins are safe, they will just do some upgrades.
But is true you cant do deposit, withdraws...

POS wallet will be released at the opening of leo tower in dubai. It will be at the leo x3 event, the biggest thing in crypto history. New projects will be shown at the same event, like leobay ( ebay) , leopal (paypal) etc.

Volume only 759$ in last 24 hours... Only one buying and selling is DAn and co i guess. The end is here..
I think now is impossible to get rid of your leocoins. Feel sorry for all that hasnt sell them so far.