Before entering in this discussion if you wanna read a little bit on PoS/PoW you can do it here (page 3).
I've seen a lot of people in the community and even outside of it asking if/when we are gonna add PoS. Now that Reddcoin's new PoSV algorithm was announced I'd like to revive the discussion and get the feeling of what YOU, the community, think.
I'll start and present you with my thoughts: I think PoS has it's advantages and it would fit nice into the concept of economic education we are trying to persuade, the "save coins in your piggybank and be reward for it" feature is really good one and it's something we should heavily take in consideration, I also like the environmental friendly position that PoS takes.
In the other hand we have PoW and my honest opinion is that we should stick with it. And I have a simple reason why.
Piggycoin's main objective is to educate kids and newcomers about cryptocurrencies and that's what we should be focusing on. The biggest cryptocurrencies are without any doubt PoW ones, so our code should be as similar as possible to those.
I'm not saying economic education isn't another important aspect of this coin, don't get me wrong. I'm just saying crypto education is far more important to us than economic education.
I'd love to hear your opinion too!
ps: this has nothing to do with #piggyweek, just a random community brainstorm.
I've seen a lot of people in the community and even outside of it asking if/when we are gonna add PoS. Now that Reddcoin's new PoSV algorithm was announced I'd like to revive the discussion and get the feeling of what YOU, the community, think.
I'll start and present you with my thoughts: I think PoS has it's advantages and it would fit nice into the concept of economic education we are trying to persuade, the "save coins in your piggybank and be reward for it" feature is really good one and it's something we should heavily take in consideration, I also like the environmental friendly position that PoS takes.
In the other hand we have PoW and my honest opinion is that we should stick with it. And I have a simple reason why.
Piggycoin's main objective is to educate kids and newcomers about cryptocurrencies and that's what we should be focusing on. The biggest cryptocurrencies are without any doubt PoW ones, so our code should be as similar as possible to those.
I'm not saying economic education isn't another important aspect of this coin, don't get me wrong. I'm just saying crypto education is far more important to us than economic education.
I'd love to hear your opinion too!
ps: this has nothing to do with #piggyweek, just a random community brainstorm.
Some PoS implementation could be good and nice (like in bank you get interest for loaning your money, why it's not possible with PiggyCoins?). Also, maybe you will consider question of algo changing to x11 or groestl, summer is comming and plain scrypt is too hot and ASIC friendly, at the end of a year only desperate persons will mine scrypt with GPU.
