So why does this ANN say the max supply is 250 mil and coinmarketcap says the max supply is 70 mil?
max supply was changed. This ann is not anymore modified by dev, this is a place free to talk about POSW, but if you want to real-time info then the best place is Slack. In this topic, you can get info from other users, not by devs.
Sounds shady
How could that possibly be viewed as shady?
The less coins the better!
So why not make it 1 coin then? duh.
Changing the total supply of coins after the coin is launched is not seen as a cool thing. Do we know for a fact all those extra coins have been burned? how do we know the devs aren't holding them?
Also, can somebody explain what this means:
Quote
All coins were pre-mined to control the coin supply and maintain price stability reflective of https://poswallet.com revenue and dividend growth.
How can the price freely go up and down if the coin supply is controlled? I don't understand this.
Also, what guarantees the developers will not run with people's altcoins? Why would you trust putting your coins in a centralized website for staking? I like the idea, but if we depend once again in a centralized website, it is a recipe for disaster. They are all anonymous developers, so they can run with people's money at any time claiming they got hacked or whatnot, so beware.
Again, great idea will probably keep pumping, but it's high risk to trust centralized services. They will leave when the time is right, collapsing the PoSW token price.
This coin is not depending on dividends, dividend I just a good bonus, Website future services support coin price, like and also store, where you can buy things with POSWs. And Master nodes and master node pools will support price, so In basic design, it is like every other coin. And that is yours to choose if you hold your coins on the website or on your local wallet. Poswallet has been offering online staking service almost 2 years, so what reason it would they take off now.
Every coin has its own risks, and soon there will be released Company details, maybe you can get some peace, I understand your concerns, I asked those questions 2 months ago, mostly cause it is rational to ask them and a lot of people will ask them, but if you spend your time in slack and talk with devs every day, then you can find peace. This project hasn't appeared on thin air, this has been built up for a long time, and soon there will be ready full roadmap, the draft is already available.
I still don't understand what "All coins were pre-mined to control the coin supply and maintain price stability reflective of https://poswallet.com revenue and dividend growth."
I like this project, I like the idea, but I don't like having to trust some random guys into hoping they will not run with people's altcoins. If the project grows a lot, it may be too tempting for the admins to not run away with everyone's altcoins (you need to keep them there to stake, and this is the main point of this project, this is what gives value to the PoSW token). If this fails, the PoSW token fails, so they would be shooting themselves in their own feet if they steal everyone's alts, but like I said before, they may see an incentive in doing so if a number of altcoins being held there to stake is immense in the future if the service gets used a lot.
I have been in the crypto game for years, and I know human nature. I have seen MtGox, Cryptsy, Mintpal, Bitfinex... this is no different. And the fact that they are not putting their reputation on the line by staying anonymous, is even more concerning. Just being a realist here.
Yea I see your point.It is a very valid concern.They would be shooting themselves in the foot as you say.Also, they would be abandoning one of the best ideas to come along in a good while too.Someone with a great amount of trust would pick it up most likely and run with it.I know there are people out there kicking themselves that they didn't think of this first.I know I am
I really want to see this succeed and get bigger There are some really good coins up for a vote on there and I would like to see every one of those coins get added.The Faucets are just icing on the cake.Great for a beginner to get started with.To me the Posw coin is kinda secondary to the idea.i feel the same it is hard in the crypto world to trust any site.. yes running they may get a few million but over long run they can make far more then that... would be better if poswallet was somehow a licensed place and i think to run an exchange they will have to be or could face the feds... i could be wrong..
Of course we have Exchange License and we are going to publish Company's details in our website soon.
That's good, but you should make yourselves public if you want the investors to feel better about the whole thing. If you want people to trust a centralized site with their money, make yourselves public.
It's easy to make an offshores company with fake names and so on, you need some hard proof.
The idea is great, but the real game changer would be to make the whole staking infrastructure decentralized. Then I would invest a big chunk of BTC.
