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Topic: Best PoS coin to invest in? - page 2. (Read 6924 times)
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Ethereum manages to raise a lot of btc for the project. So, the consensus is they will be the best PoS coin in the future.
Why?
https://blog.ethereum.org/2014/08/08/ether-sale-a-statistical-overview/
Vitalik wrote on his blog that the top 100 addresses control 45% of Ethereum IPO. Addresses are not people (common security precaution, when dealing with huge amounts, is to own multiple wallets. Better to lose 1 wallet out of 10 to a hacker then to lose 1 wallet out of 1 total). So the amount of real people in that 45% could be as low as 10 or even less.
Seems to be a ponzi scheme ran by a few wealthy investors who think throwing bags of money at a coin will attract subsequent bags of money. When has that ever worked? Mastercoin is effectively dead and Maidsafe barely grew beyond their IPO.
I term these coins to be "Suckerberg coins" (Goldman Sachs™), copywrighting coins which are all fluff, spam social media and YouTube (albeit only getting hundreds or rarely thousands of views - aka barely read by anyone) and that's all you have to do to get money from "stupid rich guys" looking for the next Bitcoin.
Check SSV coin
Ethereum manages to raise a lot of btc for the project. So, the consensus is they will be the best PoS coin in the future.
Why?
BitSharesX is making huge gain today. And went up when just about every coin is going down.
40-50M market cap gain in one day make it the best PoS coin of the year so far.
40-50M market cap gain in one day make it the best PoS coin of the year so far.
Yeah, Dan is buying up a lot of BTSX with the IPO funds. Until funds run out, that is, then what?
http://www1.agsexplorer.com/
5500 BTC ($3 million) and I think some of it may already had gone towards buying BTSx. After the bots, scripts, day traders and speculators go through it $3 million can probably create $10-$30 million volume no problem.
Who knew cryptos was this easy? All you need is a crypto-bank / crypto-Federal Reserve like BitsharesX and do your own "bail out" / "stimulus plan" to grow capitalization.
Well it's easy until you run out of other people's money.
BitSharesX is making huge gain today. And went up when just about every coin is going down.
40-50M market cap gain in one day make it the best PoS coin of the year so far.
40-50M market cap gain in one day make it the best PoS coin of the year so far.
Yeah, Dan is buying up a lot of BTSX with the IPO funds. Until funds run out, that is, then what?
BitSharesX is making huge gain today. And went up when just about every coin is going down.
40-50M market cap gain in one day make it the best PoS coin of the year so far.
40-50M market cap gain in one day make it the best PoS coin of the year so far.
I am loading up
Total supply : 1,000,000 -> 40% -> 1,400,000
Person A: Holds 100,000 coins -> 40% -> 140,000
From 10% to 10 %
Person B: Holds 1,000 coins -> 40% -> 1,400
From 1% to 1%
The same.
Minting is retarded but it works : some people really believe they get richer from inflation.
That's why central banks use massive inflation.
Well, the price doesn't necessarily have to go down.Person A: Holds 100,000 coins -> 40% -> 140,000
From 10% to 10 %
Person B: Holds 1,000 coins -> 40% -> 1,400
From 1% to 1%
The same.
Minting is retarded but it works : some people really believe they get richer from inflation.
That's why central banks use massive inflation.
Person A: 40 000 Bitcoin earned from stake -> 20 000 000$ (assuming $500 per btc - unless inflation killed it along the way)
Person B: 400 Bitcoin from stake -> 200 000$ (I'm taking Bitcoin as an example; obviously bitcoin is not POS)
How isn't this making the rich richer?The percentage of their holdings remains the same indeed. (I didn't even think of that)
If the number of people using the coin increases (demand goes up to match that), then the same percentage of coins (or even less) can make you richer .. you got more of something that's worth the same, or higher, in real terms.
Population is always increasing. Then there's timing effects. Money is a flow, not a stock, and inflation doesn't always happen evenly, and all at the same time, so prices changes don't always correlate perfectly with money supply changes. Too naive to say inflation doesn't make people rich, but it's easy for people to say it all the time. 2-3% inflation is making SOME people richer
Population is always increasing. Then there's timing effects. Money is a flow, not a stock, and inflation doesn't always happen evenly, and all at the same time, so prices changes don't always correlate perfectly with money supply changes. Too naive to say inflation doesn't make people rich, but it's easy for people to say it all the time. 2-3% inflation is making SOME people richer
I was giving a mathematical explanation that was right mathematically.
I know of course that inflation is the reason of the world inequities.
Ethereum manages to raise a lot of btc for the project. So, the consensus is they will be the best PoS coin in the future.
isn't eth using PoW?
there is very little pow, and after a year there are under 2 million minted, also pos is paid equal % to rich and poor so everyone gets richer at the same rate.
That doesn't make much sense.The percentage is the same but the rich get richer!
Person A: Holds 100,000 coins -> 40% -> 40,000
Person B: Holds 1,000 coins -> 40% -> 400
or am I wrong here?
At least the basic supply is small.
Total supply : 1,000,000 -> 40% -> 1,400,000
Person A: Holds 100,000 coins -> 40% -> 140,000
From 10% to 10 %
Person B: Holds 1,000 coins -> 40% -> 1,400
From 1% to 1%
The same.
so everyone gets richer at the same rate.
No. No one get any richer.
If you hold 10%, you still hold 10% after inflation.
The inflation reduce the value of the coin proportionally.
You get 10% more coins but coins are worth 10% less.
The same.
Minting is retarded but it works : some people really believe they get richer from inflation.
That's why central banks use massive inflation.
If the number of people using the coin increases (demand goes up to match that), then the same percentage of coins (or even less) can make you richer .. you got more of something that's worth the same, or higher, in real terms.
Population is always increasing. Then there's timing effects. Money is a flow, not a stock, and inflation doesn't always happen evenly, and all at the same time, so prices changes don't always correlate perfectly with money supply changes. Too naive to say inflation doesn't make people rich, but it's easy for people to say it all the time. 2-3% inflation is making SOME people richer
Ethereum manages to raise a lot of btc for the project. So, the consensus is they will be the best PoS coin in the future.
there is very little pow, and after a year there are under 2 million minted, also pos is paid equal % to rich and poor so everyone gets richer at the same rate.
That doesn't make much sense.The percentage is the same but the rich get richer!
Person A: Holds 100,000 coins -> 40% -> 40,000
Person B: Holds 1,000 coins -> 40% -> 400
or am I wrong here?
At least the basic supply is small.
Total supply : 1,000,000 -> 40% -> 1,400,000
Person A: Holds 100,000 coins -> 40% -> 140,000
From 10% to 10 %
Person B: Holds 1,000 coins -> 40% -> 1,400
From 1% to 1%
The same.
so everyone gets richer at the same rate.
No. No one get any richer.
If you hold 10%, you still hold 10% after inflation.
The inflation reduce the value of the coin proportionally.
You get 10% more coins but coins are worth 10% less.
The same.
Minting is retarded but it works : some people really believe they get richer from inflation.
That's why central banks use massive inflation.
there is very little pow, and after a year there are under 2 million minted, also pos is paid equal % to rich and poor so everyone gets richer at the same rate.
That doesn't make much sense.The percentage is the same but the rich get richer!
Person A: Holds 100,000 coins -> 40% -> 40,000
Person B: Holds 1,000 coins -> 40% -> 400
or am I wrong here?
At least the basic supply is small.
I am surprised nobody has mentioned Tekcoin. This coin pays 40% interest every month! It beats the hell out of peercoin and nextcoin
Exactly how is that any good? Insane inflation levels that make the rich richer?Such % is nonsense, even 40% interest every year is crazy.
there is very little pow, and after a year there are under 2 million minted, also pos is paid equal % to rich and poor so everyone gets richer at the same rate.
Bitshares is good but is overpriced right now.
NXT might double its value, but still a bit risky.
NEM will soar once it is released.
NXT might double its value, but still a bit risky.
NEM will soar once it is released.
Mintcoin, the best!
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