Topic: no more POS and ICO (Read 3509 times)
the only people that hate pos are circus clowns that play video games and squeeze their pimples all day.
Pow = fairest and most transparent way vs ico
If there has to be an ICO for fund raising. It should also have a large POW phase to ensure better distribution that the closed curtain of the non transparent non regulated ICO. POS can come later.
If there has to be an ICO for fund raising. It should also have a large POW phase to ensure better distribution that the closed curtain of the non transparent non regulated ICO. POS can come later.
Agree, certainly the most unbiased distribution which gives equal opportunity for everyone.
I like POS, I dont like IPO/ICO
For the pure PoS coins, it has to be issued with IPO or ICO, like NXT. I like the coins converted from PoW to PoS.
Pure pos right off the bat is not good for distribution, there should be a pow phase for distribution then movement to pure pos once fair distribution has happened.
Pow = fairest and most transparent way vs ico
If there has to be an ICO for fund raising. It should also have a large POW phase to ensure better distribution that the closed curtain of the non transparent non regulated ICO. POS can come later.
If there has to be an ICO for fund raising. It should also have a large POW phase to ensure better distribution that the closed curtain of the non transparent non regulated ICO. POS can come later.
I like POS, I dont like IPO/ICO
For the pure PoS coins, it has to be issued with IPO or ICO, like NXT. I like the coins converted from PoW to PoS.
It highly depends on the coin and on the projects. For some projects like NXT, NEM or Qora for instance, an POS + ICO combination makes sense.
Future upcoming like Lisk or Wave are also qualified to use the combination. It makes absolutely sense if a good team is behind the coin.
Future upcoming like Lisk or Wave are also qualified to use the combination. It makes absolutely sense if a good team is behind the coin.
I like POS, I dont like IPO/ICO
I like POS, I dont like IPO/ICO
you can always avoid getting scam even when coins are being ICO, IPO and whatever they call it by checking which company are behind the coin and check its background and their plans. if it sounds not too good to be true, it must be possible.. A lot of these coins i think will turn out to be POS and then POW later so price i believe will increase. it will still depend to the devs and the people behind the coin.
I like POS 
I guess POS is good as against POW which consumes electricity which would have been useful for eco system
If there is any Purpose or any actual work happening around a coin then i am sure POS is going to be of more worth
If there is any Purpose or any actual work happening around a coin then i am sure POS is going to be of more worth
After several years of PoW to distribute the coins fairly, then it is good to change to PoS to save electricity.
Realizing the PoW distributed coins unequally to whoever have the biggest mining operations, personally would not consider that fairly.
Those PoW Miners dump the coins on the exchanges, so it really takes ~ 3 years or so before a coin is fairly distributed after the PoW miners start dumping.
FYI:
Reason Proof of Stake will succeed Proof of Work, is pure economics.
Input Costs to keep a PoW network running increases constantly while rewards continue to decrease, until it is no longer profitable.
Input Costs to keep a PoS network running is minimal, can be run as minimized app on a PC that is up and running for something else, basically almost Zero energy costs.
PoW costs a lot. So it give the bottom line value for the coin. The cost of mining with PoS is small, so people will dump their coins.
I guess POS is good as against POW which consumes electricity which would have been useful for eco system
If there is any Purpose or any actual work happening around a coin then i am sure POS is going to be of more worth
If there is any Purpose or any actual work happening around a coin then i am sure POS is going to be of more worth
After several years of PoW to distribute the coins fairly, then it is good to change to PoS to save electricity.
Realizing the PoW distributed coins unequally to whoever have the biggest mining operations, personally would not consider that fairly.
Those PoW Miners dump the coins on the exchanges, so it really takes ~ 3 years or so before a coin is fairly distributed after the PoW miners start dumping.
FYI:
Reason Proof of Stake will succeed Proof of Work, is pure economics.
Input Costs to keep a PoW network running increases constantly while rewards continue to decrease, until it is no longer profitable.
Input Costs to keep a PoS network running is minimal, can be run as minimized app on a PC that is up and running for something else, basically almost Zero energy costs.
I guess POS is good as against POW which conumes electricity which would have been useful for eco system
If there is any Purpose or any actual work happening around a coin then i am sure POS is going to be of more worth
If there is any Purpose or any actual work happening around a coin then i am sure POS is going to be of more worth
After several years of PoW to distribute the coins fairly, then it is good to change to PoS to save electricity.
POW is far easier to ensure fair distribution.
I don't believe POW is perfect system for distribution because those mining farms are main source of new coins. Especially in China where they have extreme cheap electricity.Pow+Pos is probably better solution.
https://www.ovoenergy.com/guides/energy-guides/average-electricity-prices-kwh.html
I guess POS is good as against POW which conumes electricity which would have been useful for eco system
If there is any Purpose or any actual work happening around a coin then i am sure POS is going to be of more worth
If there is any Purpose or any actual work happening around a coin then i am sure POS is going to be of more worth
OP is just pissed that POS has leveled the field to bring more people into the digital world. It gives him power to mine and know that the majority of others don't nor care to. They will enter the game by buying coins and keeping them in their wallet and staking.
He sounds butt hurt.
He sounds butt hurt.
I totally agree,this is part of adoption of a crypto currency and it is up to investors if they are going to take it or not it's always invest at your own risk and invest only what you can afford,this is much easy that setting up mining rigs..
OP is just pissed that POS has leveled the field to bring more people into the digital world. It gives him power to mine and know that the majority of others don't nor care to. They will enter the game by buying coins and keeping them in their wallet and staking.
He sounds butt hurt.
He sounds butt hurt.
I don't think so that there is a problem with pos coins. If the coins are distributed fairly then no problem. This method gives the chance to that people who don't have a mining rig.
I agree with you there are many people who do not have a mining rigs to mine those coins and those pos and ICO is there way to get involve on those coins but some devs are just using it to scam people with no uses of the coin ,people should be wise enough to see the value of what is being offered on those IPO..
good job
Yet another thinly veiled anti ethereum FUD thread. Bagholders will be bagholders.
You are completey out of control with ETH. I don't see this as anti ETH at all.
Their ICO was actually done rather well in comparison to others. Everyone had a long time to decide whether to get in or not.
I did not and now see it as a HUGE error financially. Never mind though there will always be new opportunities.
Some ICO were and still are totally rigged from the start.
POW is far easier to ensure fair distribution.
Yet another thinly veiled anti ethereum FUD thread. Bagholders will be bagholders.
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