High PoS reward coins, a scam coin? | Bitcointalksearch.org

xiaohang07

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Quote from: retampan on February 15, 2018, 09:48:17 PM

These days, so many coins were encouraged to make their coins are reasonable to buy it with the high PoS rewards for each stake as the reason. It is more likely as HYIP (Known as a scam) since they have high returns on investment, while these PoS coins give high stake rewards based on how much coins they have.
I'd like to know your opinion about this high PoS reward coins.

High POS reward coins usually have very high inflation rate. In this sense, its high reward does not make sense if it cannot beat the inflation, right?

zickle

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High POS reward makes the coin attractive at the beginnig, but for a long ride it leads to inflation, lack of interest and oblivion.

miyaka26

full member

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Most of them are obviously a Ponzi scheme trying to attract unaware investors with their great numbers of returns in terms of their investments, even in non-crypto world they are in existence to scam and find victims, it's nothing to do with the POS itself, that feature is amazing a total substitute for POW which consumes a lot of resources for you to earn it but the ones who run with POS which offers a questionable returns much probably a scammers, not all of them though, there are some coins which are pretty legit with a high reward as time passes.

mazdafunsun

full member

Activity: 490

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Everything that guarantees high profit most likely is a scam. Some time ago there was "Ponzi Coin". No meter that they openly told that its ponzi scheme, some psychos was trading this coin. https://ponzicoin.co/home.html

makishart

legendary

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Quote from: retampan on February 15, 2018, 09:48:17 PM

These days, so many coins were encouraged to make their coins are reasonable to buy it with the high PoS rewards for each stake as the reason. It is more likely as HYIP (Known as a scam) since they have high returns on investment, while these PoS coins give high stake rewards based on how much coins they have.
I'd like to know your opinion about this high PoS reward coins.

Totally scam. They can pay that through generate more and more coin. It seems POS system becomes an evolution to the HYIP system. What the fuck was wrong with that?
Without any working product or platform and i can define that as a real scam. Just try to avoid that such scam project.

henryfekok

member

Activity: 146

Merit: 10

So when Ethereum go full PoS youll call it scam too ? I mean PoS is almost better than PoW cause its use less energy and you dont need amining rig to do it, just need your computer runing a node, you can even do that in vps right. Bad thing about PoS is the person who hold more coin gain more profit. Just it the rest is good for me.

Andrey123

sr. member

Activity: 1778

Merit: 305

To have a good income, you need to buy a lot of coins.
I have a purse with one coin, for two weeks coins were mined, but someone managed to do it first and they did not count.

Nevertheless, the coin may fall, PoS is definitely better, POW mining, in terms of electricity, but I have not yet found a good coin.

rajatjain

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POS and DPOS coins are the new fad among crypto enthusiasts and these get fueled more when you hear that ethereum might soon move to PoS model. PoS is good especially when you have invested in one of the icos and make the most number of coins at the cheapest rates, however we see that these blockchains are not being used by any people whatsoever or any company. The only legitimacy will be through retail chains which unfortunately i don't see anymore. To name a few, LISK, ARK, RISE, OXYCOIN are some of the dpos chains which seem pretty good on paper and have been there for almost a year but i dont see any kind of partnership which will make them being mainstream. The best reason as to these pos ones gain traction is they get listed on bittrex and other exchanges easily since their product is ready.
Will have to monitor closely which comes out as mainstream and not just be a part of the crypto world for price perspective only.

oddwh

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Don't consider all of theses as a scam, but it creates high inflation rates so if no new investors enters in the market, the price per coin will quickly drop, but it's a bit the same with mining. In the first years, PoW coin which starts from 0 coins have an high inflation rate too.

In my opinion, this is dangerous to invest in this kind of coin as it's impossible to see these as store of value, and if a project takes years to progress, the price will drop for sure.

caisa88

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I've tried some of them, and i think it's best to choose the coins that have High Pos rewards only for a limited period of time, and that will move to lower rewards in time.( to control the inflation)
Otherwise the inflation would just be impossible to control, and the coins will be worthless.

retampan

full member

Activity: 462

Merit: 101

These days, so many coins were encouraged to make their coins are reasonable to buy it with the high PoS rewards for each stake as the reason. It is more likely as HYIP (Known as a scam) since they have high returns on investment, while these PoS coins give high stake rewards based on how much coins they have.
I'd like to know your opinion about this high PoS reward coins.

Topic: High PoS reward coins, a scam coin? (Read 166 times)